By Ed Steer10 February 2018 -- SaturdayYESTERDAY in GOLD, SILVER, PLATINUM and PALLADIUM The gold price didn't do much of anything anywhere on Planet Earth on Friday, but I suppose the reality of the situation was that it wasn't allowed that luxury. The gold price traded in a ten dollar price range yesterday -- and the high and low ticks aren't worth looking up. Gold was closed in New York on...Read More
First, let's start off this weekend's update remembering that gold is the ultimate cycle driver across the broader PM complex. Friday's late afternoon post shows you this and how volatility in the Stock Market can impact silver and the miners. However, If gold remains bullish, the rest of the sector should eventually follow. For that to play out however, Friday's lows will likely need to hold. I...Read More
By John MauldinBurn RateOff-Budget Game0% Financing EndsLender SearchCoup de GraceSonoma, San Diego and SIC, and ElsewhereLast week's turbulence shined a harsh spotlight on the stock market. Appropriately so, if that's where your investments are. But in the hubbub many investors are missing the deeper and far more urgent bond market issues.We already knew interest rates were rising. Recent data...Read More
Such a fun month is February! One strives to regain liquidity following December's holidays and January's quarterly tax payments. And who doesn't love Valentine's Day?Financially, February is not a month over which there is much fuss. For gold, February is generally quite neutral: of the 43 Februarys from 1975 through 2017, gold has finished up 22 times and down 21 times for a median net gain of 0...Read More
Critics of "New Age" monetary policy have been predicting that central banks would eventually run out of ways to trick people into borrowing money. There are at least three Continue...Read More
By Michael J. KosaresCan we use volatility to diagnose financial bubbles? Lessons from 40 historical bubblesSwiss Finance Institute/Didier Sornette, Peter Cauwels and Georgi Smilyan, ETH Zurich/7-24-2018"We inspect the price volatility before, during, and after financial asset bubbles in order to uncover possible commonalities and check empirically whether volatility might be used as an indicat...Read More
Can we use volatility to diagnose financial bubbles? Lessons from 40 historical bubbles"We inspect the price volatility before, during, and after financial asset bubbles in order to uncover possible commonalities and check empirically whether volatility might be used as an indicator or an early warning signal of an unsustainable price increase and the associated crash. Some researchers and finance...Read More
By Gary TanashianUS Stock MarketWe will update global markets as well as the macro situation in NFTRH 486, but for this article I'd like to focus on the US stock market.Let's cut to the chase; the markets have finally fallen in line for those of us who manage markets, as opposed to dollar cost average into them through a money manager and then go about life, blissfully unaware. Much like during...Read More
Two Friday's ago, (January 26th) the Dow Jones made its latest BEV Zero, new all-time high. Nine trading days later (Thursday Feb 8th) it broke below its BEV -10% line in a very dramatic fashion.The BEV plot seen below begins at the absolute low of the October 2007 to March 2009 -54% bear market. The post credit-crisis advance took the Dow Jones up over 20,000 points in nine years. But you wouldn'...Read More
By Steve St. AngeloAs the Dow Jones Index continues to drop like a rock, the worst is yet to come. Today, investors once again plowed into the markets because they are following the Mainstream Financial advice of BUYING THE DIP. Unfortunately, those who bought the dip before yesterday's 1,032 point drop and the 400+ point drop this afternoon, have thrown good money after bad.Of course, we co...Read More
RAPAPORT... India's Central Bureau of Investigation (CBI) has launched aprobe into billionaire jeweler Nirav Modi over allegations he defrauded a statebank of $44 million, Reuters reported. The Punjab National Bank complained to the CBI that Modi andothers had conspired with bank officials for financial gain, the report saidlast week. Earlier this month, the CBI raided Modi's home, as well as 21 l...Read More
RAPAPORT... The Women's Jewelry Association (WJA) has elected JennyLuker, president of Platinum Guild International, as its new international-board president. Sara Yood, senior counsel of the Jewelers VigilanceCommittee, will serve as treasurer, while Rebecca Moskal, a partner at jewelry-marketingfirm Communiqu?(C), will take on the position of corporate secretary. LaurenThompson of Jewelers of Am...Read More
RAPAPORT... Jewelry and watch companies need to increase efforts toensure their supply chains are free of human-rights abuses, a campaign group cautioned in a report last week."Many jewelers can do more to find out if their gold ordiamonds are tainted by child labor or other human-rights abuses," said JulianeKippenberg, associate child-rights director at Human Rights Watch. "Whensomeone buys...Read More
RAPAPORT... The Gemological Institute of America (GIA) has identified asynthetic moissanite stone that had been submitted to one of its laboratories as anatural rough diamond.The GIA's Carlsbad lab recently examined the 9.71-caratstone, whose shape was similar to an octahredron, staff gemologist RebeccaTsang wrote in the Winter 2017 edition of the institute's journal, Gems& Gemology. "While th...Read More
The day the Nunes FISA memo was released, stocks plummeted 666 points. Was it a message to President Trump? Q anon thinks so, and so do I. Is Rothschild ready to tank the US stock market as way to punish Trump for daring to challenge the ruling elite and shadow government? Remember too that the 1988 cover of 'the Economist' predicted that 2018 would be a tumultuous year for the US Dollar.Bill Holt...Read More
Secretary of Defense James Mattis stated on or about February 2nd, 2018 that the United States has "no evidence" that the Syrian government used the banned nerve agent Continue...Read More
"We have restructured and significantly reduced our commercial operation and will no longer be promoting opioids to prescribers."Continue...Read More
The decades-long bull market in bonds seems to be coming to an end, and this is causing serious drama on Wall Street.Continue...Read More
It was a rough week for investors in stocks and stocks of all kinds. The S&P 500 lost 5%. Emerging Markets also lost 5%. Gold StocksContinue...Read More
(IDEX Online) - India's Central Bureau of Investigation (CBI) has launched an investigation into billionaire jeweler Nirav Modi, one of the country's richest men, over accusations that he and others defrauded a state bank of $44 million. The CBI said it was acting on a complaint from the Punjab National Bank that Nirav Modi and others had conspired with bank officials to fraudulently o...Read More