"Cashin, the UBS director of floor operations at the NYSE, says he expects that a hike is still "locked in" for December."
It's pretty binary at this point. If you make the stock market continue to inflate, you are on the right side of the president. Fiscal responsibility? Federal debt? The real problems grow and multiply.
“The Celts had highly-developed coin system; tetradrachms have four times the higher value of other nominals,' explains Karol Pieta, deputy of director from Archaeological Institute of Slovak Academy of Sciences (SAV) in Nitra, as quoted by the SITA newswire".
In this exclusive Insiders video, Mike Maloney revisits one of the most important aspects to successful investing – psychology. Get an insight into where Mike thinks we are in the gold, silver and crypto markets and how human emotions always play a massive role.
"According to Bloomberg calculations, of the 14 forecasts for 2019 from firms it tracks, the average prediction as of Nov 30 is for the S&P 500 to rise 11% to 3,056 by the end of next year."
SD Outlook: It is going to be a busy week in the economy, in the markets, in politics and in geo-politics. Here's what it means for the markets this week...
"Sales of gold coins and minted bars climbed to 64,308 ounces in November, its highest since January 2017. Sales nearly tripled compared with the same month last year, the mint said in a blog post."
"Unless the Fed takes aggressive action to cut rates (and keep zombie companies alive), the rotting "zombie companies" are about to die for the last time."
Last week, there was some significant news out of India that could further boost the country's gold market.The Indian government will now allow banks to engage in gold bullion business - including holding, buying, selling, hedging and leveraging the yellow metal. Under current rules, banks can only serve as a consignment or channeling agent in the import of gold bullion for jeweler and exporters.The loosening of regulations could increase a gold market that already ranks as the second-largest in the world behind only China.
"The over pessimism in bullion space on account of interest rate moving up is overdone and this is the right time to accumulate gold," said Kunal Shah, head of research at Nirmal Bang Commodities in Mumbai, India, adding, 'by December 31 we can see gold at $1,250."
"Gold may be poised to rally as speculation mounts that the Federal Reserve will hit the pause button on interest rate hikes in 2019."
Northern Irish investors are buying gold and lots of it as a safe-haven in the midst of Brexit uncertainty.Merrion Vaults, a leading Irish supplier of gold and precious metals storage services, said the number of clients from Northern Ireland purchasing and storing gold in the Republic of Ireland has increased by 70% this year.
Battered to prices that aren't fundamentally righteous, the gold junior miners need to mean revert way higher in price. Here's why...
The gold market considered recent Powell remarks as dovish. And the market is always right, isn’t it? Here's some insight...
The rapidly falling oil prices have finally claimed the first victim, but it won't be the last. The Alberta Canadian government announced late yesterday for a substantial cut in tar sands oil production to stem the hemorrhaging low oil price. The price paid for tar sands oil has fallen a stunning 77% from its peak just...
There's a lot to cover from the technical analysis side of the gold ledger, so let's dive right in to the charts and a whole lot more with TraderStef...
Despite government and banker efforts to reduce gold & silver to mere trinkets, they have stood the test of time, held their value, and are still money...
Some of the gold charts are looking pretty bullish. Here's Morris Hubbartt with an update...
SD Friday Wrap: Hope & hype, like Thanksgiving leftovers, are nearly spoiled, but people keep eating them up! We also found something mind-blowing...
The DX pulled back to 97.18 – but remained fairly firm given the market expectations for some type of truce in the US/China trade dispute. Gold was $1,222 bid at 4PM with a loss of $2.