CloseGain/LossGold $1193.10+$3.00Silver$14.30-$0.10XAU65.51+0.98%HUI143.57+1.57%GDM516.73+0.93%JSE Gold1048.55-17.34USD95.54-0.12Euro115.23+0.27Yen88.94+0.38Oil$73.17-$1.7910-Year3.194%-0.009T-Bond137.50-0.21875Dow25598.74-3.15%Nasdaq7422.05-4.06%S&P2785.68-3.29% The Metals: Gold dipped $4.60 to $1185.50 at about 8:30AM EST, but it then rallied back higher for most of the...Read More
Source: Clive Maund for Streetwise Reports 10/09/2018 Technical analyst Clive Maund charts the markets and explains why he finds that the U.S. stock market is at an unprecedented overbought extreme. -->There are times in life when being alarmed is actually a healthy defense mechanism that gives you an advantage over the many for whom "ignorance is bliss." This is one of those times. The U.S...Read More
By Clint SiegnerSome of last week's weakness in the stock market was attributed to surprisingly week jobs report on Friday. Non-farm payrolls came in significantly below projections.However, much of that weakness was explained by Hurricane Florence. And the headline unemployment rate dropped to 3.7% - the lowest in almost 50 years.Much was made of that, while almost nothing was made of the rate...Read More
Miles Franklin sponsored this article. The opinions expressed are those of the author, Gary Christenson.Jack Nicholson and Morgan Freeman starred in the 2007 movie, "The Bucket List." A "bucket list" defines things we want to do before we die, before we "kick the bucket."A reverse bucket list as used here is a list of things already occurred, but we wish had not happened.The Reverse Bucket List:...Read More
Nobel laureate says current stock market echoes 1929October is the month most closely associated with markets going bump in the night - 1907, 1929, 1987, 1997, 2007, 2008. Of all the October surprises, the 1929 crash had the most lasting consequences. Stocks declined 50% in the two months of September and October, 1929. (See chart below.) Before it was all over in 1932, stocks dropped a breathta...Read More
By Dave Kranzler"The only time we've ever seen a confluence of risk factors anywhere close to those of today was the week of March 24, 2000, which marked the peak of the technology bubble." - John Hussman, Hussman Funds, in his October Market CommentaryThe yield on the 10-yr Treasury has broken out, hitting its highest level since July 2011:By the end of June 2011, the Fed had only reached its h...Read More
Towards the end of economic expansions, interest rates usually start to rise as strong loan demand bumps up against central bank tightening. At first the effect on the broader economy is minimal, so consumers, companies and governments don't let a slight uptick in financing costs interfere with their borrowing and spending. But eventually rising rates begin to bite and borrowers get skittish, th...Read More
"At elevated levels consumer confidence measures can act as a contrarian indicator..."We invite you to download a copy of the chart book (PDF); or to view the video:Read More
CloseGain/LossGold $1193.10+$3.00Silver$14.30-$0.10XAU65.51+0.98%HUI143.57+1.57%GDM516.73+0.93%JSE Gold1048.55-17.34USD95.54-0.12Euro115.23+0.27Yen88.94+0.38Oil$73.17-$1.7910-Year3.194%-0.009T-Bond137.50-0.21875Dow25598.74-3.15%Nasdaq7422.05-4.06%S&P2785.68-3.29% The Metals: Gold dipped $4.60 to $1185.50 at about 8:30AM EST, but it then rallied back higher for most of the...Read More
By Craig HemkeCertain precious metals analysts are once again claiming that, soon, the Banks will be "on your side". This isn't true, it hasn't been true and it won't ever be true so long as the fractional reserve and digital derivative pricing scheme continues. Since much of the current optimism is based upon analysis of the CFTC-generated Commitment of Traders report, let's simply take these r...Read More
By Frank HolmesThe annual "In Gold We Trust" report by Liechtenstein-based investment firm Incrementum is a must-read account of the gold market, and its just-released chartbook for the 2018 edition is no exception.The strengthening U.S. dollar has lately dented the price of gold, and rising interest rates are making some yield-bearing financial assets more attractive as a safe haven. But as Inc...Read More
"The Crash Is Coming" As "Money-Printing Never Works" Warns Hickeyby Christoph Gisiger via FUW.chFew investors have a deeper understanding of the tech sector than Fred Hickey. The renowned editor of the popular investment newsletter <
37.0 Metres of 31.6% Zinc and 19.5 Metres of 28.0% ZincVancouver, British Columbia--(Newsfile Corp. - October 10, 2018) - Zinc One Resources Inc. (TSXV: Z) (OTC Pink: ZZZOF) (FSE: RH33) ("Zinc One" or the "Company") is pleased to announce the drill results from 16 of the remaining 35 holes in the Mina Grande Centro zone as well as 8 of the 16 holes drilled in the Mina Grande Norte zone, Bongar?...Read More
Full Article: Gold's Bottom Could Be Investors' Lost Treasure Read By: Frank HolmesGet ready, gold bulls: The precious metal could be close to finding a bottom.The price of gold fell back below $1,200 an ounce again last week as the U.S. dollar advanced following another federal funds rate hike. The precious metal logged its sixth straight month of declines, its longest losing streak since 1989....Read More
The stock market is crashing with the S&P 500 index down 3.3% and the Nasdaq down 4% today. Both indices closed at their lows for the day and have continued lower in after-hours, which adds to the bearish view. The Dow had it's worst day since February 8th and the S&P 500 fell through support at the 100-day moving average to 2,785, which was resistance in June of this year. Prior resistance often...Read More
"...no one should be under any illusion that the Banks, which operate on the COMEX, will ever be on our side. Just as in 2009-2011, the next..."by Craig Hemke of Sprott Money NewsCertain precious metals analysts are once again claiming that, soon, the Banks will be "on your side". This isn't true, it hasn't been true and it won't ever be true so long as the fractional reserve and digital derivati...Read More
RAPAPORT... Alrosa's sales climbed 9% year on year to $338.7 million inSeptember due to strong demand for large stones, the miner saidWednesday.Higher sales in the 2-carat-plus and 10.8-carat-plus categories boosted the overall result, Alrosa deputy CEO Yury Okoemov explained. Demand for cheaper goods declined - a common trend at this time of year as Indian factories buy less rough in preparation...Read More
RAPAPORT... The Gemological Institute of America (GIA) has discovered anew mineral while studying flaws in large diamonds from the Let??eng mine. The organization named the substance crowningshieldite afterG. Robert Crowningshield. The 50-year GIA veteran and pioneer of gemologicalresearch wrote the first report on gem-quality laboratory-grown diamonds in1971, the GIA said Tuesday. Crowningshield...Read More
RAPAPORT... De Beers Jewellers has pinpointed Asia as its area forexpansion after global revenue fell last year, according to accounts thecompany filed at the end of September. Revenue dropped 6% to $98.6 million in 2017 amid a "moredemanding customer environment," the retailer said. Its net loss widened to$37.6 million from $12.1 million the year before due to an impairment charge - apermanent re...Read More