By Avi GilburtFirst published on Sun May 6, 2018 for members : A sideways correction lasting a year and a half certainly does a lot to sour investors on a market. And, even though we have not dropped below 20 in GDX this entire time and the GLD has been consolidating just under its breakout region for months, the bearishness and frustration in the complex is palpable. In fact, I have even...Read More
Via Sovereignman.comIt was just a month and a half ago that Tesla approved an eye-popping long-term pay package, worth as much as $50 BILLION to founder and CEO Elon Musk.And on Wednesday afternoon, Tesla held its first corporate earnings call since then.You'd think that Elon would have been gracious and professional, anxious to demonstrate that the shareholders' trust in him has been well-placed....Read More
By Ira EpsteinGold consolidates but still doesn't look ready to move much. https://www.iraepstein.com/ Read More
Mark Levin takes the macro view - the Constitutional view - of what Mueller, Comey and the rest of the crime syndicate is trying to do to the President.Bill Still is a former newspaper editor and publisher. He has written for USA Today, The Saturday Evening Post, the Los Angeles Times Syndicate, OMNI magazine, and has also produced the syndicated radio program, Health News. He has written 22 books...Read More
(Kitco News) - Gold is stuck in its safe $1,300-1,360 trading range and frustrated traders need to wait for a surprise that’s powerful enough to nudge gold in either direction, according to one analyst. And it’s not North Korea or Iran.“Clearly, it’s going to take a significant surprise event to knock it out of this range,” Colin Cieszynski, chief market strategist at...Read More
Hot-rolled coil prices in the United States inched up for a third straight week as some market participants questioned whether widespread speculation about a summer correction would survive a recent plunge in imports.American Metal Market's hot-rolled coil index stands at $43.96 per hundredweight ($879.20 per ton), up 0.2% from $43.87 per cwt ($877.40 per ton) a week ago and up 34.7% from $32...Read More
Full Article: Multibillion Dollar Shipwreck Found Off ColombiaBy: Rossella LorenziColombia has found what may be the holy grail of treasure shipwrecks - an 18th century Spanish galleon that went down off the country's coast with a treasure of gold, coins and precious stones now valued between $4 billion and $17 billion.The multibillion-dollar ship, called the San Jose, has been at a center of a d...Read More
Several drug stocks made outsized moves this weekThe Dow is on pace to score a seven-day winning streak -- its longest winning streak since November -- to close out the week in the black, thanks to a combination of cooling inflation data and rising oil prices. The S&P 500and Nasdaqshould log solid weekly wins as well, with the latter eyeing a six-day winning streak of its own. President Donald T...Read More
Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort198,54891,10857,613181,586316,570437,747465,291Change from Prior Reporting Period -11,029-11,690-8,5431,8514,963-17,721-15,270Traders18783864953282184 Small Speculators LongShortOpen Interest 53,65126,107491,398 1,363-1,088-16,358 non reportable positionsChange from the previous...Read More
The arms race has started: deep fakes versus tech that exposes them. The only problem is that the technology that will supposedly tell us what is real and what is not… was created by DARPA.DARPA (Defense Advanced Research Projects Agency) is the government agency responsible for the developing things like killer robots, artificial intelligence, swarms of tiny drones, and even experiments wit...Read More
By Ryan WildayOver the last few months, I have released a couple articles suggesting a potential bottom was in for the crypto market. Unfortunately, support levels that I called out did not hold, so I had to look lower.I am writing anew having seen a very bullish pattern off the recent lows struck on April 1. Currently, most of the coins we track have the "impulsive five," a pattern we look for...Read More
Plenty of stupid ideas kill people. But one man's stupid ideas have killed over a hundred million people and ruined the lives of countless others.Continue...Read More
(Kitco News) - Gold and silver prices aremodestly higher in early U.S. trading Friday. The precious metals markets arebenefiting from a downside correction in the U.S. dollar index late this week,after the index had scored a 4.5-month high a few days ago. Some short coveringin the futures markets and bargain hunting in the cash markets are featured ingold and silver late this week, as there are no...Read More
Some flat steel prices in Turkey's import markets fell this week, with demand remaining limited, market participants told Metal Bulletin on Friday May 11. Most domestic producers closed their order books for June production and have not announced new prices for July output. And with the Turkish lira continuing to lose value against other currencies during the week, imports are becoming i...Read More
The market's 'fear gauge' is staring at its longest losing streak in nearly a yearU.S. stocks are trading modestly higher at midday, with healthcare taking the lead ahead of a 2 p.m. ET speech on drug pricing by President Donald Trump. The Dow Jones Industrial Average (DJI) is pacing for a seventh straight win, which would mark its longest winning streak since November. The S&P 500 Index (SPX) i...Read More
Global demand for gold is increasing while new discoveries of gold remain small Gold mining output in Australia is forecast to decrease by 50% in the next eight years Decline in global gold mining supply makes a price increase almost certainGold nugget (placer gold) from Colorado, USA. Source: Commons.wikimedia.orgby Lawrence Thomas, Gold TelegraphThe demand for gold is increasing, yet new di...Read More
By Alasdair MacleodIt seems extraordinary that in defiance of all factual history and philosophical knowledge anyone should celebrate the bicentenary of the birth of Karl Marx. More than anyone, through wrong-headed ideas, he bears responsibility, indirectly admittedly, for the deaths of an estimated one hundred million people in the last century, and the severe suppression though economic and s...Read More
The name "Michelle Wolf" has dominated headlines and has become the talk of the mainstream media following the comedian's speech roasting the Trump Administration at the White House Correspondents' Dinner on Saturday. While everyone seems to have an opinion on Wolf's comments, the fact is that the debate has served as the perfect distraction from several incredibly important news stories from the...Read More
Investors can be forgiven for thinking they hit the trifecta last Friday.The U.S. Bureau of Labor Statistics reported that unemployment had dropped to 3.9%, the lowest in almost 20 years.Continue...Read More
LONDON (Reuters) - Britain’s Electoral Commission imposed a record-matching 70,000 pound fine on Friday on one of the main groups that campaigned for Brexit, and said police might have to investigate possible criminal offenses because of unreported campaign spending.The Leave.EU campaign said it would challenge the finding that it had breached a spending limit by failing to declare at least...Read More