Crude oil got crushed yesterday.Just when you thought it was safe to look at WTI prices hitting a four-year high, the geopolitical monster in the Middle East reared its ugly head.And just when you thought the oil bulls were finally back in the driver's seat, the bears wrestled away control.Yeah, it's been that kind of October so far.The story behind the death of journalist Jamal Khashoggi seems to...Read More
When people think of energy investing, they first think of oil and the big dogs in the industry, like Exxon Mobil (NYSE: XOM) or BP (NYSE: BP). But what you may not know is that coal, though it may not be sexy, is one of the best energy investment vehicles in the world.Over the past 10 to 15 years, you could have made your fortune on lowly coal investments.For example, the blue-chip stock Peabody...Read More
Peel Mining Limited (ASX: PEX) is an Australian company focused on exploring and developing precious and base metals resources in New South Wales. Since listing in May 2007, Peel has identified and acquired several valuable mineral assets, including the Wagga Tank - Southern Nights project near Mt Hope, NSW, the May Day-Gilgunnia project (includes Mallee Bull) near Cobar, NSW, and the Cobar Superb...Read More
CloseGain/LossGold $1232.60+$2.50Silver$14.67-$0.06XAU68.04-2.10%HUI152.65-1.75%GDM552.92-0.94%JSE Gold1210.21-17.80USD96.37+0.44Euro113.98-0.73Yen89.00-0.14Oil$66.82+$0.3910-Year3.104%-0.066T-Bond139.09375+0.90625Dow24583.42-2.41%Nasdaq7108.40-4.43%S&P2656.10-3.09% The Metals: Gold gained $3.20 to $1233.30 in Asia before it dropped back to $1225.70 by a little after 8AM...Read More
By Ira EpsteinGold hold up in a day where it first broke down.https://www.iraepstein.com/ Read More
For the past few years, homeowners just about everywhere have been able to finesse life's problems by thinking "at least my house is going up." This home equity accretion allowed them to buy stuff on credit, safe in the knowledge that even as they maxed out yet another credit card their net worth continued to rise. They felt smart and confident, in other words, and so continued to behave in ways...Read More
Listen to the Podcast Audio: Click HereMike Gleason: It is my privilege now to welcome back David Smith, Senior Analyst at The Morgan Report and regular contributor to MoneyMetals.com. David, it's been too long. How are you my friend?David Smith: I'm very good. It's been a while since we've spoken Mike, and I'm really looking forward to chatting with you again.Mike Gleason: Well, David, the vola...Read More
Miles Franklin sponsored this article by Gary Christenson. The opinions are his. Part one is available here.Part one discussed the "what" and "why" of unpayable debt, an inevitable "reset" or the end of the current financial world. Part two addresses when.REVIEW FROM PART ONE:A risk/reward analysis for 2018 202? points toward gold and silver, not stocks, bonds, corporate debt, student loans or m...Read More
Gold rallied yesterday, right before its turning point, and reversed its course before the end of the session. Precisely, even before the US session started. Miners reversed as well, after failing to move back above the late-2016 bottom. With the critical situation in the USD Index, and gold miners' short-term underperformance (so far this week gold is up by $8.10, while the HUI Index is down by...Read More
By Avi GilburtWell, after calling for market tops weekly for the last three years while the market rallied from 1800 to 2940 (that is a 64% gain), the bears are now high-fiving themselves for "catching the top."Yes, many of them certainly caught the top with their weekly top calls after having missed the last 64% rally. But who's counting?In fact, I saw reports of how emergency rooms nationwide...Read More
By Steve St. AngeloWhile the U.S. Shale Industry produces a record amount of oil, it continues to be plagued by massive oil decline rates and debt. Moreover, even as the companies brag about lowering the break-even cost to produce shale oil, the industry still spends more than it makes. When we add up all the negative factors weighing down the shale oil industry, it should be no surprise th...Read More
By Frank HolmesAs many of you reading this know, I'm what you would call a Tex-Can. I was born and raised in Canada, but I've called Texas home for nearly 30 years. I can't picture U.S. Global Investors headquartered anywhere else, even after traveling to all parts of the country and, indeed, the world. Texas just "gets it," which is why I think CNBC recently named the $1.6 trillion economy the...Read More
- Palladium prices surge to an all-time nominal high over $1,150/oz- Russia is one of the top producers and growing tensions with the U.S. may result in a "supply crunch"- Palladium is widely used in the automotive industry and is experiencing significant demand and a "supply crunch"- Deep supply deficits in palladium are predicted by Citigroup and other analysts (see Bloomberg table)- Gold an...Read More
Gold and silver need to rise after tomorrow's European central bank meeting and Friday's third quarter GDP numbers due to zoom. I am against new short term investment in gold unless it trades over $1245.80 on Friday after the release of US GDP numbers. Long term, gold is still an excellent investment even at the current price of $1235. Asian prices of gold are near an all-time high. Buyers in As...Read More
10 years after the 2008 crisis the world's largest bank derivative holder STILL cannot recover. Deutsche Bank is down 5% on the news that they have missed guidance once again...will this be the Final Straw?Bix Weir has 30 years' experience in the financial industry with various fortune 500 companies. He is the creator of the "Road to Roota Theory" and his commentary is published at www.RoadtoRoota...Read More
For the past few years, homeowners just about everywhere have been able to finesse life's problems by thinking "at least my house is going up." This home equity accretion Continue...Read More
Alasdair Macleod has a background as a stockbroker, banker and economist gives his input on interest rates, inflation, gold prices and where we are in the credit cycle.Alasdair Macleod is head of research for GoldMoney. He also runs FinanceAndEconomics.org, a website dedicated to sound money and demystifying finance and economics. He has a background as a stockbroker, banker and economist. Read More
TOPICS IN THIS INTERVIEW:01:20 The material problem of interest rates03:35 FED policy impacting the geopolitical chess board08:25 Slow, deep global market correction - has it begun?09:35 NATO Vs Russia, how does it begin and end?14:05 What pushes us into war and the timeline to Armageddon18:25 Where to find Alex Dvorkin and Market SpartansRead More
"The packages were immediately identified during routine mail screening procedures as potential explosive devices and were appropriately handled as such," Continue...Read More
A BMO Capital Markets report reviewed the newly released assays from this Canadian precious metals company. In an Oct. 22, 2018, research note, analyst Andrew Kaip with BMO Capital Markets reported that Sabina Gold & Silver Corp. (SBB:TSX; RXC:FSE; SGSVF:OTCPK) released more assays from its completed 2018 summer drill program at the Nuvuyak discovery, which "continue to compare favorably with the...Read More