Rickards: ‘Unallocated Gold Is A Euphemism For No Gold’
I think that Rickards is correct in his judgement, and joins many others including Kyle Bass, who because of their backgrounds are much harder to ridicule and dismiss by the creatures of the bullion banks. And in some of their more recent remarks about this, one can almost feel the desperation. And here and there, […]
International Economic Week In Review: Japan Is Really Hurting
Since the beginning of the year, international news has slowly but consistently been grinding slower. It started with a series of policy missteps from China followed by Japan’s 4Q contraction. US news has also slowly ground weaker. The EU can’t seem to generate any inflation and, thanks to a strong sterling, the UK is relying solely […]
Gold Forecast: April 2016
Gold prices settled at $1222.19 an ounce on Friday, making a gain of 0.49% on the week but suffering a loss of 0.47% over the month. The XAU/USD pair initially moved higher and tested the 1285/0 area but found significant amount of resistance – which then led to long-side profit taking- and reversed its course. […]
A Market Circus Made By Policy Clowns
Stocks resumed their rally last week after Janet Yellen reassured investors that things are so bad she won’t raise interest rates any time soon. The Dow Jones Industrial Average (DIA) jumped 277 points, or 1.6%, to 17,792.75 while the S&P 500 (SPY) added 37 points, or 1.8%, on this idiotic “bad news is good news” scenario. The […]
Gerald Celeste Discusses Election-Year, Middle East, And European Chaos — And Gold
To Listen to the Podcast Audio Click Here Mike Gleason: It is my privilege to speak with Gerald Celente, published of the renowned Trends Journal. Mr. Celente is a frequent and highly sought after guest on news programs throughout the world, and has been forecasting some of the biggest and most important trends before they happen […]
Chart Of The Day: California Minimum Wage Hike History
California Governor Jerry Brown launched a Political Earthquake proposing a series of minimum wage hikes every year between now and 2022 when the minimum wage hits $15. The Huffington post reports “The new law will boost paychecks for millions of California workers. More than 40% of California workers earn less than $15 dollars an hour. ” The […]
Video Preview: NFP Fallout, Fed Minutes And More
In the week after the jobs report, this event will still echo but we will hear from the Fed soon enough, via the meeting minutes. Also watch out for services PMIs, most importantly in the US, as well as the buildup towards the oil summit, the Australian rate decision and more in the first full […]
U.S. Bond Market Week In Review: Deconstructing Yellen
Fed Chair Yellen gave a very important speech last week. While she focused on domestic economic developments, there was also tremendous focus on international events and their potential negative impact on the US economy – a line of analysis championed by Fed President Brainard. Yellen’s latest speech indicates a far more international approach to monetary […]
Metals Sector: It’s Still Too Early To Re-Enter
It’s still too early to enter the metals sector. As always happens after a strong rally in anything, traders begin to anticipate another leg up. They buy the first corrective move back down because they missed the initial rally, and they don’t want to miss the next one. This is the current setup in the […]
Weekly Economic & Political Timeline – 4/3/2016
Last week’s speech by Janet Yellen determined the course of the major price movements within the Forex market, which in the end were against the U.S. Dollar. This week has a fuller schedule of releases, so we can expect a more volatile week. The highlight of the week will probably be the Tuesday / Wednesday […]
