Dear Friend of GATA and Gold:A member of Congress this week asked the U.S. Treasury Department and Federal Reserve to come clean about government policy toward gold.The congressman, U.S. Rep. Alex X. Mooney, R-West Virginia, sent a letter to Treasury Secretary Steven Mnuchin and Federal Reserve Chairman Jerome Powell raising issues similar to those GATA long has been raising about the U.S. gover...Read More
Just when you thought Bitcoin and other cryptocurrencies had burned out through exhaustion blowoff top and fallen into the valley of despair, along comes the steady-minded and soft-spoken Head of Research for GoldMoney.com, Alasdair Macleod, to share his professional opinion of what life stage cryptos are really in, and why their next phases are likely to be incomparable to what we've seen so far....Read More
Former Google executive Richard Wooldridge has joined Tel Aviv-based automated drone start-up Airobotics as its chief operating officer. Wooldridge, who was also Motorola's vice president of global supply chain for more than five years, is expected to contribute extensive hardware manufacturing and supply chain management experience to Airobotics' scale-up.Staff reporter25 APRIL 201825/04/2018comm...Read More
LONDON (Reuters) - Prime Minister Theresa May was dealt a new defeat by Britain’s upper house of parliament on Wednesday over her Brexit plans, this time in a challenge to the government’s push to adopt wide-ranging powers to amend laws.The defeat is the latest in the House of Lords for May and her Conservative government as parliament debates the EU withdrawal bill which will sever ti...Read More
South Africa's Gold Fields reported lower production for the March quarter and flagged more challenges at its problematic South Deep mine on Wednesday, sending its share price sharply lower.South Deep, the company's last South African asset, has faced numerous operational obstacles in a tough geological setting 3 km (2 miles) below the surface and made a loss of 337.6 million rand ($27 million) in...Read More
The Dow erased earlier losses, while the S&P and Nasdaq finished mixedThe Dow muscled its way to a daily win thanks to Boeing's (BA) dramatic post-earnings lift, with the blue-chip index snapping its five-day losing streak. The S&P also closed higher, while the Nasdaq ended in the red -- though moves were modest, as the 10-year U.S. Treasury yield continued to push above the psychologically signi...Read More
The comments below are an edited and abridged synopsis of an article by Lance RobertsThe CBO's budget projections confirm what the CRFB has been warning about: The current Administration has taken a path of fiscal irresponsibility that will make an already dismal fiscal situation worse.While the previous Administration was chastised for running trillion-dollar deficits, the Republicans have now de...Read More
CloseGain/LossGold $1323.10-$8.40Silver$16.56-$0.17XAU82.47-0.97%HUI180.83-0.85%GDM628.27-0.76%JSE Gold1095.11-17.72USD91.20+0.43Euro121.74-0.63Yen91.53-0.60Oil$68.05+$0.3510-Year3.026%+0.034T-Bond141.75-0.78125Dow24083.83+0.25%Nasdaq7003.74-0.05%S&P2639.40+0.18% The Metals: Gold fell $12.50 to $1319.00 by a little after 8AM EST before it chopped back higher in New York,...Read More
Washington, DC (April 25th, 2018) - A Member of Congress posed some pointed questions to the Federal Reserve and the U.S. Treasury this week about their activities involving America's gold reserves, including, apparently, efforts to "drive gold out of the world financial system in favor of the Federal Reserve Note or Special Drawing Rights issued by the International Monetary Fund."In a letter d...Read More
Through my cycle work in the market, there is a current focus on the month of May to end up as our next decent swing low for the Gold market, with several mid-term cycles pinpointing this timeframe for a potential market bottom.One of the more widely-followed cycles in the Gold market is the 20-week (approximately 100 trading days) cycle, which last bottomed back on December 12, 2017, doing so at...Read More
Jeff Clark is bullish on precious metals, especially silver. The everything bubble has been going on for 10 years. How much longer can it last? Gold and silver are the only truly undervalued asset left. Between now and 2020 is a potentially very exciting time in precious metals. And even if there's no crisis, the technical indicators look great.Jeff Clark is editor and lead writer of BIG GOLD, the...Read More
Shares in Chilean miner Antofagasta Plc. (LON:ANTO) dove Wednesday after the company reported marked drops copper and gold production during the first quarter of the year, due mostly to lower quality ore.Miner said it had expected to begin the year with poorer grades, but would move to higher quality ores as the year went on.The miner said copper output fell by 10.5% to 153,800 tonnes compared w...Read More
Snap stock is on track to break its longest winning streak since JanuaryIt's been a roller-coaster ride for the broader U.S. stock market, as Wall Street weighs a fresh batch of corporate earnings and the 10-year Treasury yield holds near a four-year high. Among individual stocks, Snapchat parent Snap Inc (NYSE:SNAP), healthcare management name Magellan Health Inc (NASDAQ:MGLN), and drugmaker Dare...Read More
The comments below are an edited and abridged synopsis of an article by Charles Hugh SmithPublic pension obligations are rising so fast that even repeated tax increases can't keep up, setting up a war between entitled baby boomers and younger taxpayers (Tax Donkeys), who pay most federal and local taxes.If the stock and bond markets suffer even modest declines, the pension war will move to open po...Read More
- Emergency cash offered by Ulster Bank as cash vanishes from accounts- Bank makes EUR500 available to customers whose deposits vanish- Bank investigates after hundreds of complaints on social media- "My salary has disappeared from my account today and my wife had her card declined when trying to pay for a GP visit and medication"- Cyber attacks and Brexit are biggest threats to the securities...Read More
Adopt the pace of nature; her secret is patience.Ralph Waldo Emerson For a long time, we have been stating sharp pull-backs should be viewed through a bullish lens. In this article published in Nov 2017, we stated the following; View strong corrections through a bullish lens. This game plan will remain valid until the masses turn bullish or the trend turns negative. The stronger the deviati...Read More
On Saturday, April 21st, 2018 the St. Louis Federal Reserve Bank Tweeted, "In a possible future, cash disappears and central banks issue electronic money for all" https://twitter.com/stlouisfed/status... The bank's Tweet cited a research paper entitled, "The Case for Central Bank Electronic Money and the Non-case for Central Bank Cryptocurrencies" https://research.stlouisfed.org/publi... Read More
Our recent silver analysis could not have been more accurate. Please take a minute to read it before you continue reading the rest of this post if you have not already done so. The Silver price breakout, to near $17.20, last week was incredible. It established a new Fibonacci price trend, established a downward channel price breakout, coincided with a Pennant/Flag price formation break...Read More
WASHINGTON (Reuters) - French President Emmanuel Macron urged the United States to reject narrow nationalism and engage the world, telling U.S. lawmakers on Wednesday that modern economic and security challenges must be a shared responsibility.Capping a three-day visit to the United States, Macron told a joint meeting of Congress that isolationism and nationalism were “a tempting remedy for...Read More
CloseGain/LossGold $1323.10-$8.40Silver$16.56-$0.17XAU82.47-0.97%HUI180.83-0.85%GDM628.27-0.76%JSE Gold1095.11-17.72USD91.20+0.43Euro121.74-0.63Yen91.53-0.60Oil$68.05+$0.3510-Year3.026%+0.034T-Bond141.75-0.78125Dow24083.83+0.25%Nasdaq7003.74-0.05%S&P2639.40+0.18% The Metals: Gold fell $12.50 to $1319.00 by a little after 8AM EST before it chopped back higher in New York,...Read More