By Frank HolmesWith the U.S. dollar taking another hit last Friday on a weaker-than-expected jobs report, gold closed up 1.12 percent for the day today. A Bloomberg gauge of 72 junior miners, however, has lost 15 percent since the end of January, and the rebalance of the VanEck Vectors Junior Gold Miner ETF (GDXJ), which I previously wrote about, is also having a depressing effect on many gold n...Read More
Tuesday's feisty rally exceeded the 1296.40 rally target we'd been using by a relatively modest $2.40, but because the pattern associated with the target is so clear, even as small an overshoot as occurred will have bullish implications going forward. Accordingly, I'll suggest using the pattern shown (see inset), with a 1314.50 target that should be familiar to you. It is a logical minimum upsid...Read More
- Gold prices break 6 year down trend on safe haven demand (see charts)- Chinese gold demand set to surge 50% to 1,000 metric tonnes- Chinese demand for gold bars on track to surge more than 60 percent in 2017- Geopolitical risk internationally leading to safe haven demand- UK election, terrorism and rising tensions in Middle East supporting gold after attacks in London and attacks in Iran toda...Read More
Gold Today -New York closed at $1,293.80 yesterday after closing at $1,279.60 Monday. London opened at $1,292.65 today. Overall the dollar was slightly weaker against global currencies, early today. Before London's opening: - The $: EUR was slightly weaker at $1.1254 after yesterday's $1.1246: EUR1.- The Dollar index was slightly weaker at 96.68 afte...Read More
It seems all terror attacks in democratic nations happen before an election. I rarely find any terrorist attack after an election. I am confident that once UK and German elections are over, Europe will not see terror attacks for quite a long time. In Europe or the UK all terrorists were known to the law enforcement agencies and still they slept. It is very easy to radicalize anyone these days. G...Read More
Peter Schiff is an internationally recognized economist specializing in the foreign equity, currency and gold markets. Mr. made his name as President and Chief Global Strategist of Euro Pacific Capital. He frequently delivers lectures at major economic and investment conferences, and is quoted often in the print media, including the Wall Street Journal, New York Times, Barron's, BusinessWeek, Time...Read More
Topics:Yesterday's must read article, "2017 - the Year of Monetary Revolution, Revisited"Precious Metals breaking above 200 week and 5 1/2 year downtrend lines; Bitcoin/Crypto surgingInterest rates, commodity prices, dollar index, economic data plunging - as the Fed prepares to potentially shock the world with dovishness next weekDotcom valuations in a Great Depression EraThe end of OPEC?Andrew...Read More
Jim Willie says cryptocurrency technology will replace the dollar...Willie sees gold-backed cryptocurrencies to be released. At that time, you can say goodbye to the U.S. dollar and U.S. Treasury bondsJim Willie is a statistical analyst in marketing research and retail forecasting. He holds a PhD in Statistics, and his career has stretched over 25 years. He aspires to thrive in the financial edito...Read More
Join my Steemit movement! Click here: https:[email protected]My newest Stock Picks. Click here: https://traderschoice.net/The-Equity-...Gregory Mannarino started his financial career working for the securities and trading arm of the now defunct Bear Stearns before the dot-com bubble. He is an active trader of the capital markets and has published several books pertaining to finance, global econom...Read More
The United States government has made it their mission to take down Iran, the Middle East country they believe is most responsible for terrorism and turmoil. Meanwhile, Gerald Celente and the Trends Research Institute have just released their newest Trends Journal, which includes dozen of forecasts spanning topics such as investment opportunities, technology and aging.Gerald Celente is a pioneer t...Read More
Until very recently, consensus opinion has viewed electric cars as at best a niche market and at worst a passing fad.That's changing as production and sales take off:Continue...Read More
Continue...Mohamed El-Erian is the Chief Economic Adviser of Allianz, a multinational financial services company. He is the former CEO and co-Chief Investment Officer of PIMCO, a global investment firm and one of the world's largest bond funds in the world. Dr. El-Erian also served as a member of the faculty of Harvard Business School. Before joining PIMCO, Dr. El-Erian was a managing director at...Read More
Despite a drop in late trading, gold prices managed to rally to seven-month highs Tuesday, trading near that key $1,300 level. The mining stocks, on the other hand, seem Continue...Read More
Money manager Adrian Day examines Osisko Gold Royalties' purchase of Orion Mine Finance's portfolio, which he views as transformational. Osisko Gold Royalties Ltd. (OR:TSX; OR:NYSE, NY 12.17) is to buy a portfolio of royalties, streams and offtakes from Orion Mine Finance for CA$675 million in cash and CA$450 million in shares. This is "the big deal" Osisko shareholders have been waiting for, an...Read More