Stewart Thomson says that actions President Trump and Jerome Powell take are about to unleash gold nirvana. Here's the details...
"investigations found many of the traders had placed “thousands” of fake orders over “hundreds” of occasions..."
Gold rallied and took out its prior high to reach $1342.70, and was $1340 bid at 4PM with a gain of $4.
FRAGILE NATURE OF CURRENCIES: As the U.S. and global economy speed towards the Seneca Cliff, very few individuals understand the fragile nature of currencies. Today, we use the lightning speed of the digital banking system to make our purchases at the store or online. It has become seemingly natural to buy groceries at the swipe of a card. Only...
Last month, US Global Investors CEO Frank Holmes said he thinks gold may well hit $1,500 this year. He listed the specter of increasing inflation, a weakening dollar, and income growth in China and India as three reasons to be bullish on the yellow metal.This week, Holmes appeared on CNBC's Squawk Box and continued to make a case for buying gold.
One of the favorite Republican talking points is that tax cuts will "pay for themselves" by spurring economic growth. This seems plausible. But GOP talking heads underestimate just how much growth would be necessary to pay for the massive tax cuts and spending increases recently passed by Congress. In fact, the Congressional Budget Office released its analysis Monday and said that the tax cut plan will "balloon" the deficit over the next several years.
If you thought today's inventory build numbers would add to GDP estimates, you thought wrong.
Brick-and-Mortar Meltdown sets sad record. And Q2 starts out on the right foot.
Yesterday the US government’s own Congressional Budget Office (CBO) published a pretty sobering report about the state of Uncle Sam’s finances– and what the future holds. According to the CBO, the…
Alasdair MacLeod tells Silver Doctors between the trade wars and a possible hot war with Russia, the only safe hedge is gold. Here's more...
The smart money piles into gold as upside price spike FOMO (Fear of Missing Out) increases.
"Gold funds added an impressive $1 billion in holdings in the month of March."
(Inflation Feeling Hot, Hot, Hot!) The Producer Price Index is out for March and its feeling hot, hot, hot. "Core" PPI Final Demand is up to 2.7%, the highest since November 2011. This guarantees a rate hike from The Fed's Open Market Committee (FOMC). PPI Final Demand less food and energy YoY is noteworthy since it is the highest since…
The aircraft carrier USS Harry S. Truman is the lead ship of the strike group, which also includes the guided-missile cruiser USS Normandy and the guided-missile destroyers of Destroyer Squadron 28: USS Arleigh Burke, USS Bulkeley, USS Forrest Sherman and USS Farragut.
Gold investors dithers Tuesday, sending futures prices lower then higher in a slender intraday range, as global investors piled back into riskier assets after comments out of China soothed trade-war fears for now.
"Investor confidence and aggressiveness across all financial markets is nearly as pronounced today as it was at the last two major stock market tops."
"Gold supply is plateauing, with many experts now predicting an era of 'peak gold.'"
"Norway, Canada, Sweden, China exceed pre-crisis debt levels."
Famed technician Louise Yamada at LY Advisors warns that investors have been selling the rallies since the January peak, leading to a descending triangle formation on the chart, which is typically a bearish sign.