I've predicted that in 2018 the US stock market would suffer a series of crashes somewhat akin to the 1987 event, but smaller in size.this interesting chart of the US stock market. Clearly, these mini-crashes are starting to happen.Having said that, I haven't sold any of my US bank stocks and I have no plans to do so.I'm still "long and strong" with the bank stocks in this environment. Bank profit...Read More
Plus, what it could mean for the stock market over the next yearThe Cboe Volatility Index (VIX) -- also known as Wall Street's "fear gauge" -- has been much more active than usual to start 2018. The index last week jumped more than 50% for the third week this year -- already the most surges of that magnitude in one year ever for the VIX. As such, the index has racked up its biggest year-to-date ga...Read More
Gold production numbersfor 2017 are still being compiled but estimates call for the first annualdecline in mine output since 2008.The gold price felldramatically in the months following the2011 peak in prices. It has languished at,or near, the cost of production for years. Low gold prices are having apredictable effect on mine output. Much higher gold priceswill drive more exploration and should b...Read More
The developed world has lived with unnaturally-low interest rates for so long that it's become hard to imagine what life in a normal financial system would be like. But as rates finally start to rise, some of the necessary lifestyle adjustments are emerging. A big one is the fact that the days of refinancing one's house every few years to extract free cash or lower the monthly mortgage payment a...Read More
ROME (Reuters) - Italy’s anti-establishment 5-Star Movement, the largest party in parliament after this month’s election, should try to form a government with its far-right rivals the League, two of its senior politicians said on Tuesday.The election produced a hung parliament and 5-Star has said it is willing to talk to all parties in parliament to try to form a government. However, t...Read More
Facebook says this archive will contain "sensitive info like your private Wall posts, photos and profile information".Continue...Read More
The latest news and price moves to start the Asian day on Wednesday March 28.Aluminium and nickel bucked the trend of mostly higher base metals prices on the London Metal Exchange on Tuesday March 27. Read more in our live futures report.Here are how LME prices looked at Tuesday's close:Comex copper prices recovered Tuesday morning in the United States after collapsing the prev...Read More
Do you hear the military march? The world's largest economies are flexing their muscles and preparing for war. Will gold win the trade conflict between the United States and China?So It BeginsTrade war. This topic dominated the recent days. Last week, President Trump announced plans for tariffs on about $60 billion of Chinese imports. In response, Liu He, China's vice-prime minister, told Steven M...Read More
GME will report earnings after tomorrow's closeVideo game retailer GameStop Corp. (NYSE:GME) is slated to report fourth-quarter earnings after tomorrow's close. GME has been on a steady decline over the past 12 months, shedding 33%, and staring up at stiff resistance from its 30-day moving average since a mid-January bear gap. GameStop stock more recently touched a 12-year low of $13.50 just last...Read More
By Gordon LongLet's start by making sure we understand the terminology we will be using in our discussion today. Too many times I hear people use these terms in the wrong and often confusing context.LIQUIDITY: is about AVAILABILITY of Money & Credit. This is the role of the central bankers, that is to ensure there is always sufficient but not excessive Money Supply available. Historically the pr...Read More
Graceland Updates By Stewart Thomson 1. I've predicted that in 2018 the US stock market would suffer a series of crashes somewhat akin to the 1987 event, but smaller in size. 2. Please click here now. Double-click to enlarge this interesting chart of the US stock market. Clearly, these mini-crashes are starting to happen. 3. Having said that, I haven't sold any of my US...Read More
GENEVA (Reuters) - The United States sparred with China at the World Trade Organization (WTO) on Tuesday over the legality of U.S. tariffs in response to alleged theft of U.S. intellectual property.U.S. President Donald Trump signed a presidential memorandum last week proposing tariffs on up to $60 billion of Chinese goods over what his administration says is misappropriation of U.S. intellectual...Read More
On Thursday, March 22, the trade war that has been brewing between China and the U.S. broke into full-scale combat.Continue...Read More
TimkenSteel will raise its special bar quality (SBQ) product prices by $50-150 per ton effective Wednesday March 28, the company said in a leading move on Tuesday. The move comes after SBQ mills in the United States slated base price increases effective with April 1 shipments. US producers raised SBQ base prices three times...Read More
PTCT options are attractively priced, from a volatility perspectivePTC Therapeutics, Inc. (NASDAQ:PTCT) stock has been red-hot lately, racing to a three-year high of $33.22 last Wednesday. And if a recent volatility signal is any indication, the biotech name could be gearing up for an even bigger upside move in the coming months. PTC Therapeutics stock is trading at $32.38 at last check, havin...Read More
Do you hear the military march? The world's largest economies are flexing their muscles and preparing for war. Will gold win the trade conflict between the United States and China? So It BeginsTrade war. This topic dominated the recent days. Last week, President Trump announced plans for tariffs on about $60 billion of Chinese imports. In response, Liu He, China's vice-prime minister, told Stev...Read More
Dear Friend of GATA and Gold:In commentary posted today at GoldSeek, headlined "GATA Is at It Again" --http://news.goldseek.com/GoldSeek/1522155660.php-- financial letter writer Avi Gilburt accuses GATA of routinely taking quotes out of context, starting with the mention made of GATA by the deputy chairman of the Bank of Russia, Oleg Mozhaiskov, in his address to the London Bullion Market Associ...Read More
NEW YORK (Reuters) - Wall Street has been much more excited about the system underpinning bitcoin than the cryptocurrency itself, but the global financial industry has not yet been able to do much with the technology known as blockchain.Reuters has found several blockchain projects launched by major financial institutions that have been shelved, as development of the technology enters a hype-meets...Read More
Listening to hysterical commentary from the mainstream media about President Trump's tariff proposals, one would think his policies were in violation of the U.S. Constitution. Continue...Read More