Gold & Gold Stocks Nearing a Big Move

  Gold and especially gold mining stocks rebounded on Wednesday and trended higher into the weekend. This is giving some investors renewed hopes that the bull market that began roughly 18 months ago is about to reassert itself. We cannot know for sure yet but what we can say is precious metals are nearing a […]

Surge in Positioning amid Currency Contract Roll

The expiration of the June contracts and the roll into September positions appears to have boosted activity in the currency futures, and may obscure the signaling effect.  Of the 16 gross positions we track, speculators add to exposure in all but four positions.  There speculators covered gross short Swiss franc, Canadian, Australian, and New Zealand […]

Why Did Obama Bend Over For The Criminal Big Banks?

My good friend and colleague, John Titus, was hosted on the Keiser Report to discuss his film, All The Plenary’s Men, in which Titus documents the process by which the Obama Government enabled the Too Big To Fail Banks to commit crimes in the United States with total impugnity, “which makes them more legally powerful […]

Backed Currency – A Fairly Recent Phenomenon

Humans have been using metals as money for almost three thousand years. Until fairly recently, historically speaking, gold, silver and other metals were the basis for money all over the world. Over the last couple of centuries, money lost its exclusive form of gold and silver coinage. Base metal coins and paper money, whose values […]

The Forgotten Depression of 1920–1921

This post The Forgotten Depression of 1920–1921 appeared first on Daily Reckoning. The year is 1921… America is less than three years removed from triumph on the Western Front. It’s the dawn of the Roaring Twenties… and the Jazz Age. Warren Gamaliel Harding is America’s czar. And the nation is sunk in depression… U.S. industrial […]

When the “Fix” Increases Systemic Fragility, Things Fall Apart

This post When the “Fix” Increases Systemic Fragility, Things Fall Apart appeared first on Daily Reckoning. All the “fixes” have fatally weakened the real economy, and created a dangerous illusion of “wealth,” “growth” and solvency. The “fix” of the last eight years worked, right? This was the status quo’s “fix”: 1. Massive expansion of debt: […]

Dollar Upticks Fragile Without Interest Rate Support

The US dollar edged higher against most of the major currencies over the past week. However, the fundamental backing is still not solid, and it makes as wary of these upticks, even though we think a bottom is being carved. Specifically, the US interest rates still not finding much traction, and President Trump’s legislative agenda still […]

EUR/JPY exchange rate and gold

We argued many times that the yellow metal behaves as a currency rather than as a commodity. Hence, macroeconomic factors and currency exchange rates affect the price of gold. In previous editions of the Market Overview, we analyzed the impact of the U.S. dollar and its exchange rate with the Euro and the Yen on […]

Public-private sector partnership can deliver world-class mining industry in DRC — Randgold

The Democratic Republic of Congo has all the ingredients of a sustainable mining industry but the development of that potential will require a mutually beneficial partnership between the country’s government and the mining sector, Randgold Resources chief executive Mark Bristow said here today. Speaking during the DRC Mining Week, Bristow said the industry would welcome […]

How to Own Your Own Gold Mine

This post How to Own Your Own Gold Mine appeared first on Daily Reckoning. Public equity markets are in many ways a sophisticated game of pump-and-dump. Your stocks soared in 1996-1999, then crashed in 2000. They soared again in 2002-2007, then crashed in 2008. They’re soaring again now. Guess what comes next? For the most […]

Junior miner cracks a strategic tough nut in British Columbia

The acquisition of the Toughnut Project in British Columbia would provide strategic access to the Silver King Shear Zone adjacent to the explorer’s existing properties. Prize Mining Corp. (PRZ:TSX.V), a junior miner that holds the Kena-Daylight project in southeastern British Columbia, just announced that it has signed an option agreement to acquire a 100% interest […]

June 23: Gold and Silver End Slightly Higher on the Week

Snippet:  Gold gained $8.70 to $1258.80 in early New York trade before it drifted back lower into midday, but it still ended with a gain of 0.46%. Silver rose to as high as $16.788 and ended with a gain of 0.78%. Author(s):  Chris Mullen   <td style="border-bottom: windowtext 1pt solid; border-left: #f0f0f0; padding-bottom: 0in; background-color: […]

COT Silver Report – June 23, 2017

Snippet:  COT Silver Report – June 23, 2017 Friday, June 23rd <p class="MsoNormal" style="text-align: cente read more Source: SilverSeek Commentaries

How Safe Is Your Money?

This post How Safe Is Your Money? appeared first on Daily Reckoning. Suppose you receive an email which pretends to be from Yahoo, Google or wherever else. It tells you your account has seen some suspicious activity and you must change your password right away. This is no longer some klutzy looking email with typos […]

Credit Bubble; Pabrai Video

What causes a credit bubble to collapse is not a malfunctioning entrepreneurial impulse, but an artificial lengthening of production and overcapacity in fixed assets induced by the fractional reserve banking system. Everyone who keeps funds in the market or in a bank is vulnerable, since it is cash deposits that banks use to fund the […]

Emerging Markets: What's Changed

(from my colleague Dr. Win Thin) MSCI announced it will include 222 China Large Cap A-shares in its Emerging Markets Index. Czech central bank is pushing out rate hike expectations. Hungary central bank eased again using unconventional measures. MSCI announced that it has launched a consultation on reclassification of Saudi Arabia from Standalone to Emerging […]

Are Dividend Stocks Right for You? (Plus the Best Dividend Stocks to Buy Right Now)

Many investors think that dividend stocks are only for stodgy portfolios or retirees. Whether you are a newbie or are on the brink of retiring, you get quarterly or annual income from stocks that pay dividends. You can also benefit from the potential for capital gains. In short, high-yielding dividend stocks can give your portfolio […]

The Over-Criminalization of American Life

The over-criminalization of America has undermined justice, the rule of law and legal egalitarianism. While the corporate media devotes itself to sports, entertainment, dining out and the latest political kerfuffle, America has become the Over-Criminalization Capital of the World. The proliferation of laws and administrative regulations, federal, state and local, that carry criminal penalties has swollen […]

Gundlach: Washington Establishment Trying to Stall Trump Agenda

DoubleLine Capital’s Jeffrey Gundlach thinks Washington is trying to get in the way of President Trump’s agenda by “running out the clock on his administration.” This according to a recent article in Bloomberg. The article outlines comments made by Gundlach during the televised Senate testimony by Attorney General Jeff Sessions in which he argues: The probability […]