When the Fed began a new easing cycle while the economy was expanding, stocks went up 3 months, 6 months, 9 months and 12 months later
As many of you know, I serve as interim CEO and chairman of HIVE Blockchain Technologies, the first publicly traded company involved in the mining of cryptocurrencies.
I’m very pleased to say that a satisfactory agreement was reached between HIVE and its strategic partner, Genesis Mining, so that the company can once again return to creating value for its shareholders.
Advocates of MMT insist that governments can and should print as much money as needed to fund massive public works, guarantee government jobs for the unemployed and much more. This is a recipe for runaway hyperinflation.
Gold is one of the rarest elements in the world, making up roughly 0.003 parts per million of the earth’s crust. But how much gold is the world digging up each year and what countries produce the most?
With the price of gold trading above $1,430 an ounce as of June 25, now might be a good time for generalist investors to consider getting exposure to the yellow metal.
After breaking out of a five-year trading range this week, gold surged above $1,400 for the first time since 2013 on expectations of a U.S. rate cut. Meanwhile, the global pool of negative-yielding bonds hit a fresh record high $13 trillion.
Facebook, you’ve come a long way. From its humble beginnings as a platform to stalk your high school girlfriend, the social media giant has evolved to become one of the world’s largest and most influential advertisers, news aggregators and data gatherers.
Billionaire investor Paul Tudor Jones, founder of and hedge fund manager at Tudor Investment Corp., said this week that geopolitical disruptions have made gold his favorite trade for the next 12 to 24 months.
Stocks surged last Friday following a U.S. jobs report that, to put it mildly, fell far below expectations. At first, this might seem counterintuitive. Shouldn’t signs of a slowing economy act as a wet blanket on Wall Street?
As an investor, I continue to have great faith in gold as a store of value during times of economic and geopolitical uncertainty. It’s behaved precisely as I expect it to.
Americans’ trust in institutions, from the federal government to the news media, has been deteriorating for decades. But I continue to have great faith in gold as a store of value during times of economic and geopolitical uncertainty.
Perhaps surprising no one, global manufacturers are now in contraction mode for the first time since 2012. That’s according to the most recent reading of the sector’s health, the purchasing manager’s index (PMI), which headed lower for a record 13th straight month in May.
Tariffs are paid by U.S.-based importing companies, which pass the extra expenses on to the end consumer. As such, tariffs are inflationary, and historically, that’s been good for gold
The 17 so-called “rare earth metals,” of which the three mentioned above are members, may not have household names like gold or copper, but they play strong supporting roles in many of the consumer electronics we enjoy on a daily basis, from our TVs to smartphones.
May’s “flash” index of U.S. manufacturers registered a sharp decline to 50.6. This is only a preliminary reading, but if it turns out to be accurate, it would mark the slowest growth in the domestic manufacturing industry since September 2009
In an earlier post, I gave you a sneak preview of my interview with Chris Powell, secretary/treasurer at Gold Anti-Trust Action Committee (GATA). For 20 years now, Chris and others at GATA have made it their mission to expose collusion by international financial institutions to control the price and supply of gold.
Another day, another banking scandal. Last week the European Commission announced that it’s fining five big banks for rigging the international foreign exchange (forex) market.
The suppression of the gold price is not just a conspiracy theory. It’s a well-documented phenomenon, with real actors and real ramifications. The best people to speak to about this subject are the folks at the Gold Anti-Trust Action Committee.
Stocks sold off this week on news of fresh U.S. tariffs on Chinese imports, and are now officially in oversold territory. Our proprietary sentiment indicator fell to 20 percent, showing that the market is at its most oversold since July 2018.
The U.S. economy is growing at one of the fastest rates in the developed world right now, and unemployment hit a nearly 50-year low of 3.6 percent in April. Under normal circumstances, this should boost demand for domestic equities.
Global copper capacity could be short some 41,000 tons by as early as 2021, says one commodities research firm. Meaning: We could be looking at another commodities super-cycle, with the red metal leading the way.
I’ve known Bob for many years, and if there’s one thing he’s proven about himself time and again is that he doesn’t mince words. Nor should he.
The big energy news this week is that President Donald Trump moved to end all sanction waivers for nations that import Iranian oil. In response, Brent crude oil hit $75 per barrel for the first time in six months this past week.
If you’re as much a consumer of financial news as I am, chances are very good you’ve seen Keith Fitz-Gerald as a regular contributor on Fox Business, CNBC and elsewhere. That, or read his invaluable market commentary online.
Tax-free muni bonds saw $8.8 billion in inflows in the first quarter, beating U.S. equity funds and international equity funds. Investors were seeking stability as well as a strategy to counteract the changes to the tax code.
For the 20-year period, gold as an asset class had the second best annualized returns at 7.7 percent, according to JPMorgan. The S&P 500, by comparison, returned only 5.6 percent on an annualized basis, with bonds coming in at 4.5 percent.
On Wednesday of next week, the world’s largest presidential election will be held. Voters in Indonesia will go to the polls to decide whether to give incumbent president Joko Widodo another five years, or elect former general Prabowo Subianto.
Research group Metals Focus released its Gold Focus report this week forecasting that global gold demand will climb to its highest level in four years. Plus, economist David Rosenberg shares what he thinks ballooning nonfinancial corporate debt means for investors.
A resolution to the China-U.S. trade dispute is still in the works, but China’s manufacturing sector just returned to growth for the first time in four months, a sign that its government’s economic stimulus appears to be working.
Worried about retirement but don’t know how to start building wealth? Dollar cost averaging allows you to put a long-term plan in place and let compound interest work its magic.
Bond yields are crashing in major markets all around the world as fears of a global economic slowdown have prompted investors to seek shelter in low-risk government debt. Both Germany and Japan’s 10-year bond yields are back below zero, marking the first time we’ve seen German yields turn negative since October 2016.
Today stocks erased their weekly gains and bond yields fell. Chief among the contributors were a Treasury yield curve inversion, the first since before the financial crisis, and continued slowdown in the pace of U.S. manufacturing expansion.
Are you sitting down for this? According to a recent survey, one in five American adults have nothing saved for retirement or emergencies. A further 20 percent have squirreled away only 5 percent or less of their annual income to meet certain financial goals. Less than a third of all Americans have saved at least 11 percent or more.
The value of negative-yielding bonds around the world has ticked up to more than $9.32 trillion. Although still below the 2016 high, this indicates that investors fear global economic growth is slowing. Is this gold’s time to shine?
Last week I was pleased to attend the Prospectors & Developers Association of Canada (PDAC) conference in Toronto. PDAC is one of the largest mining conferences in the world. More than 25,000 people turned out this year, many of them selling equipment services, exhibiting securities and investments, making presentations and much more.
Extremism at either end of the political spectrum can raise huge obstacles for business and investors. The difference, though, is that hard-left legislation seeks to punish wealth and prosperity through politics of envy.
The current stock bull market, already the longest in U.S. history, turns 10 years old this month. It’s been a phenomenally profitable time to participate, especially if you’ve stuck to an investment strategy that favors dividend-paying stocks.
The metals and mining industry could be undergoing some dramatic changes in the near future, and it’s important for investors to get in on the ground floor. I’m proud of our track record of getting in early with a number of successful companies.
A couple of weeks ago, I introduced you to an exciting new company called GoldSpot Discoveries,conceived and headed by mining visionary Denis Laviolette. GoldSpot is the world’s first exploration company to use artificial intelligence (AI) and machine learning in the discovery process for precious metals and other natural resources.
Hungary has a problem. Like many Eastern European and former Soviet countries, its population is shrinking thanks to a plunging birthrate and outmigration as young workers seek better opportunities and fatter salaries elsewhere in the European Union (EU).
This week Morgan Stanley projected a 14 percent upside for copper in 2019, based on a widening supply deficit and the surge in global demand for renewable energy and electric vehicles, both of which require tons of the red metal.
Consumers are set to spend more than $20 billion on Valentine’s gifts for the first time ever, thanks in part to a surge in gold jewelry demand—specifically, yellow gold.
“Some people call it ‘peak gold,’ but I tend to think of it more as ‘peak discovery.’” Meet the brains behind Goldspot Discoveries, a first-of-its-kind quant shop that aims to use AI to revolutionize the mineral exploration business.
Happy Year of the Pig! This week marks the start of China’s Spring Festival, during which an estimated 3 billion trips will be made using the country’s massive transportation network of roads and rail.
Last year was admittedly a tough one for emerging markets. A number of currencies were under considerable pressure, with some of them falling to record or near-record lows against the strong U.S. dollar.
Last year was a watershed in the size of official gold purchases, as central banks added 651.5 tonnes to their holdings. Not only is this a remarkable 74 percent change from 2017, but it’s also the most on record going back to 1971.
Domestic airlines weren’t exempt from the rout that hit stocks in December, the market’s worst month since the Great Recession. Shares of all four major U.S. carriers—American, Delta, United Continental and Southwest—saw double-digit losses. Delta ended December down 17.8 percent, its worst month since October 2009, when it gave back 20.3 percent.
Global airlines are expected to log their 10th straight year of profitability—an industry first. And with incomes expanding worldwide, air travel demand is projected to outpace economic growth for the next couple of decades.
Billionaire Sam Zell just announced that he bought gold for the very first time in his life because, as he puts it, “it is a good hedge.” In a recent Bloomberg interview, the Equity International founder and creator of the real estate investment trust (REIT) admitted to seeing an opportunity in gold’s increasing supply shortage.