COMEX FUTURES REPORTA slowdown in china can result in losses for industrial metals and gains for gold. Gold will be the safe haven in China. The Chinese cutting the reserve ratio of banks is an indication that a slowdown is in the offing. Industrial metals are bullish in the long term on supply issues. Indian gold prices are at a record high. Indian gold demand from tomorrow will be way below ex...Read More

Michael Pento is a specialist in Austrian economics and is the President of Pento Portfolio Strategies. Prior to starting Pento Portfolio Strategies he served as a senior economist and VP of the managed products division of another well known financial firm. Michael has also created ETFs and UITs that were sold throughout Wall Street. Earlier in his career, he worked on the floor of the NYSE. He i...Read More

Last week the United States, Mexico, and Canada agreed to replace the North American Free Trade Agreement (NAFTA) with a new United States-Mexico-Canada Agreement (USMCA). Sadly, instead of replacing NAFTA's managed trade with true free trade, the new USMCA expands government's control over trade.For example, under the USMCA's "rules of origin," at least 75 percent of a car's parts must be from th...Read More

"Whenever user data may have been affected, we go beyond our legal requirements and apply several criteria focused on our users in determining whether to provide notice."Continue...Read More

The first federal minimum wage took effect 80 years ago this month: it was 25 cents.Today, adjusted for inflation, it would be worth $4.19.Continue...Read More

Rick Rule, Chairman of Sprott US Holdings, discusses the general state of the resource equity market. He notes that the "Cost of Money is high, Large commodity producers are depleting mine reserves," and are now shifting back toward exploration.Rick Rule, founder and chairman of Sprott Global Resource Investments Ltd., began his career in the securities business in 1974. He is a leading American r...Read More

"We had a very good talk, I will say. That became a very big story, actually. We had a good talk," Trump stated.Continue...Read More

Rising interest rates continued to pressure stocks lower Monday as investors try to cope with the reality that the Fed's cheap money policies are at an end. Continue...Read More

"We should not think of the devil as a myth, a representation, a symbol, a figure of speech or an idea. This mistake would lead us to let down our guard, to grow careless and end up Continue...Read More

Gold futures fell Monday, sending prices to their weakest finish in more than a week as Treasury yields Continue...Read More

 CloseGain/LossGold $1188.90-$14.20Silver$14.39-$0.24XAU65.93+0.67%HUI143.84+0.28%GDM520.67+0.32%JSE Gold1032.62-11.18USD95.72+0.10Euro114.94-0.31Yen88.50+0.58Oil$74.29-$0.0510-Year3.230%-0.009T-Bond136.9375-0.34375Dow26486.78+0.15%Nasdaq7735.95-0.67%S&P2884.43-0.04%  The Metals: Gold fell $19.40 to $1183.70 by late morning in New York before it bounced back higher in after...Read More

The idea of a constitution and/or written legislation to secure individual rights so beloved by conservatives and among many libertarians has proven to be a myth. The US Constitution and all those that have been written and ratified in its wake throughout the world have done little to protect individual liberties or keep a check on State largesse.Instead, in the American case, the Constitution cre...Read More

For years now analysts, and the media have been trying to convince everyone there is no inflation despite central banks massive quantitative easing programs. Of course this is ridiculous. They just choose to ignore where the inflation has manifested.In 2008 inflation spiked in the commodity markets contributing to the severity of the last recession. One could even make a strong case inflation was...Read More

Despitehaving a rough summer, with a number of factors pushing gold below $1,200 anounce (the high dollar, US economic growth, interest rate hikes, booming stockmarkets), the precious metal appears to be back in favor, with December goldfutures closing Tuesday’s trading at $1,207 an ounce - a two-week high. In 10minutes, Bloomberg reported, December goldcontracts equal to 1.57 million ounces...Read More

Several weeks ago we looked at some resistance points for gold and silver from the short  to the longer term time perspective. Below is a daily chart for gold which starts with the 2018 five point rectangle reversal pattern which broke down in May. The backtest to the underside of the five point rectangle took about five weeks to complete, forming a bearish rising wedge. From that point the i...Read More

 CloseGain/LossGold $1188.90-$14.20Silver$14.39-$0.24XAU65.93+0.67%HUI143.84+0.28%GDM520.67+0.32%JSE Gold1032.62-11.18USD95.72+0.10Euro114.94-0.31Yen88.50+0.58Oil$74.29-$0.0510-Year3.230%-0.009T-Bond136.9375-0.34375Dow26486.78+0.15%Nasdaq7735.95-0.67%S&P2884.43-0.04%  The Metals: Gold fell $19.40 to $1183.70 by late morning in New York before it bounced back higher in after...Read More

By Frank HolmesStrengths? The best performing metal this week was gold, up 0.90 percent. Gold traders and analysts maintained their bullish outlooks this week amid bets that the gold selloff has passed, according to the weekly Bloomberg survey. In a big surprise, the yellow metal is headed for a weekly gain and so is the U.S. dollar. While the assets historically move in opposite...Read More

By Keith WeinerLast week, we shined a spotlight on a crack in the monetary system that few people outside of Switzerland (and not many inside either) were aware of. There is permanent gold backwardation measured in Swiss francs. Everyone knows that the Swiss franc has a negative interest rate, but so far as we know, Keith is the only one who predicted this would lead to its collapse (and he was...Read More

In a 13th August blog post I noted that for the first time this year the sentiment backdrop had become decisively supportive of the gold price. I also noted that the fundamental backdrop remained unequivocally gold-bearish, and then attempted to answer the question: What will be the net effect of these counteracting forces? My answer was that regardless of sentiment there could not be an interme...Read More

TECHNICAL SCOOPCharts and commentary by David ChapmanPhone: 416-523-5454 Email: david@davidchapman.comdchapman@enrichedinvesting.comTwitter: @Davcha12October 8, 2018"There are three kinds of lies: lies, damned lies and statistics." attributed to Mark Twain, amongst others "Inflation is the modern way that governments default on their debt." attributed to Mike Epstein, Adjunct Professor, Massac...Read More