Today’s economists do not recognise time-preference. For them, economics is about Jevon’s mathematics, state-issued currencies and the exclusion of human interest. They say we have moved on from the household economics of yester-year, and they despise classical stick-in-the-muds. But we can see from their repeated failure to tame human action in order to conform to… Read More
(Kitco News) – Sentiment is clearly turning bullish for gold as prices broke through critical resistance, pushing to their highest level since early-April 2018; however, some analysts are warning that gold could face a short-term setback next week following the Federal Reserve’s monetary policy meeting. Gold’s solid run, four-week rally was partly the result of… Read More
June 14, 2019 by Michael Maharrey 0 0 Well, you missed out. You could have been $100,000 richer. But you didn’t plunk down $25 for a map. And you’re probably not in Canada. Too bad. As my dad used to say, “When you snooze, you lose.” But a few people did cash in on a treasure hunt up… Read More
Editor’s Note: Get caught up in minuteswith our speedy summary of today’s must-read news stories and expert opinions that moved the precious metals and financial markets. Sign up here! (Kitco News) – Gold hit its highest levels in more than a year on Friday, and Wall Street and Main Street look for the momentum to… Read More
June 14, 2019 by SchiffGold 0 0 Gold has crashed through another key resistance level and is on track for its fourth consecutive weekly gain. What is driving gold into the spotlight? Host Mike Maharrey talks about it in this week’s episode of the Friday Gold Wrap podcast. He also raises an important question – what is all… Read More
Welcome to this week’s Market Wrap Podcast, I’m Mike Gleason. Coming up we have an incredible interview with business icon and two-time presidential candidate Steve Forbes, CEO of Forbes. Mr. Forbes unloads on the Fed and its horrific track record — with accuracy that’s worse than a bunch of monkeys throwing darts at a dart… Read More
The top primary silver miners in the world saw their production yield fall to the lowest level ever in 2018. Since 2005, the average yield from the top silver miners has fallen nearly in half. And along with rising oil prices, has pushed up the total cost to produce silver by an additional $10 an… Read More
June 5, 2019 by SchiffGold 0 0 In December, Peter Schiff predicted that the Federal Reserve was about to hike rates for the last time and that the next step would be rate cuts. Yesterday, Jerome Powell made comments widely interpreted to signal the rising likelihood of a rate cut. The Fed chair dropped the word “patient” from… Read More
June 4, 2019 by SchiffGold 0 0 Peter Schiff nailed it. Just days before the Federal Reserve met for its December 2018 FOMC meeting, Peter appeared on Fox Business and said we were about to see the last interest rate hike. When Peter made this prediction, virtually nobody thought the Fed was about to end its tightening policy.… Read More
Editor’s Note: Get caught up in minutes with our speedy summary of today’s must-read news stories and expert opinions that moved the precious metals and financial markets. Sign up here! (Kitco News) – South African miner, Harmony Gold, said an employee was fatally injured in an engineering-related accident Wednesday night at its Nyala hoisting shaft,… Read More
Welcome to this week’s Market Wrap Podcast, I’m Mike Gleason. Later in today’s program Gerald Celente, the top trends forecaster in the world joins me to tell us why the world’s central banks bought a record amount of gold in 2018 and also about what type of wildcard events may trigger a new economic crisis.… Read More
GOLD PRICES in the London wholesale market touched an 8-month high at $1310 per ounce Tuesday as European stock markets rallied and crude oil rose. Gold priced in the so-called ‘safe haven’ Swiss Franc gold also rose to its highest since May 2018, gaining above CHF1300 per ounce, while gold prices for Eurozone investors… Read More
GOLD PRICES rallied Wednesday morning ahead of the Federal Reserve’s May meeting on US interest rates, adding 0.5% from yesterday’s drop to within $3 of $1300 per ounce – a level last seen before New Year 2018. Ahead of the Fed’s decision, latest survey data said Tuesday that US manufacturing activity slowed to a… Read More
The super powers in the West are doing what they can to provoke Russia and indirectly China and Iran into a world war. Most people alive today were not adults when WWII started and therefore did not follow the lead up to the war. But today the whole world can watch how the West has… Read More
GOLD slipped Friday in London but silver prices spiked to 11-week highs as US President Donald Trump berated the Opec oil cartel for “artificially” pushing energy prices up to 4-year highs by discussing new output cuts. Asian stock markets fell but Europe held flat on the day, keeping the Stoxx Europe 600 Index unchanged… Read More