Should You Buy the Saudi Aramco IPO?
This is an absolute monarchy we’re talking about, after all, and so global investors should not expect to have any shareholder rights. Aramco’s board of directors will have a fiduciary duty to MBS and any future monarch, not to investors. This has some serious implications.
Australia May Be the Saving Grace for the Rare Earth Metals Market
When Colorado-based Molycorp Inc. filed for bankruptcy in 2015, the U.S. lost its sole remaining miner and producer of rare earth elements (REEs)—those inconspicuous metals with unpronounceable names like praseodymium, yttrium and gadolinium.
You’re Probably Underinvested in Gold
Investors may assume they have adequate exposure to gold because they’re invested in a commodities fund. But many of these funds have a relatively small weighting in gold, and so their gold exposure is much smaller than they realized.
3 Emerging Europe Stocks We're Bullish On Right Now
The U.S. stock market has been hitting new all-time highs thanks to lower rates, positive earnings surprises and optimism that a resolution to the U.S.-China trade war comes sooner rather than later. But don’t let that distract you from exciting things that are happening in overseas markets, specifically in Eastern and Emerging European countries.
This Legendary Commodities Fund Is Closing. Here's What That Could Mean for Investors
What was once the world’s largest commodities hedge fund is officially closing, creating new opportunities for some investors to get exposure to raw materials and mining using other funds. According to Bloomberg, Blenheim Capital Management’s CEO and chief investment officer, Willem Kooyker, is calling it quits after a 50-year money management career that made him a legend in oil, metals and agricultural markets.
The Opportunities Go to Those Who Can See Past the Negative Headlines
We focus on fundamentals such as moving averages and standard deviation. We follow leading indicators such as the purchasing manager’s index (PMI) and consumer confidence index. These factors are many times more effective than the headline news at shining a light on the right path.
This Legendary Commodities Fund Is Closing. Here's What That Could Mean for Investors
What was once the world’s largest commodities hedge fund is officially closing, creating new opportunities for some investors to get exposure to raw materials and mining using other funds.
The Optimist’s Guide to Airlines, Crypto Mining and Gold
Tourism has traditionally helped peace and understanding spread across borders, and we’re hopeful that it will do the same today. It’s also good for commerce, especially for airlines and the travel industry in general.
October Volatility Got You Spooked? Keep Calm and Don't Jinx Yourself
For reasons unknown, October has historically been the most volatile month for the stock market—by a goodly margin. Between 1950 and the end of 2017, the S&P 500 Index saw as many as 362 trading days during the month of October in which the market moved up or down more than 1 percent.
Here’s Why the Number of Conventional Oil Discoveries Just Hit a 70-Year Low
In the past three years, oil and gas discoveries made by conventional means have fallen to an incredible seven-decade low. What’s more, a “significant rebound is not expected,” says IHS Markit. Find out what’s driving discoveries lower!
70 Years Later, China's Factories Show No Signs of Slowing
As the People’s Republic of China (PRC) celebrates its 70th anniversary, manufacturing data shows that factories in the world’s second largest economy improved marginally in September, despite the impact of the ongoing U.S.-China trade war.
Gold: The Unimpeachable Commodity Investment
History shows that presidential impeachments have had minimal impact on markets. We believe there are bigger risks to consider, including a potential German recession and record global debt. Against this background, gold can help improve a portfolio’s risk-adjusted returns.
Pierre Lassonde Says Gold Could Hit $25,000 in 30 Years
“I think gold is in a good place,” Pierre Lassonde, co-founder of Franco-Nevada, said this week at the Denver Gold Forum. Looking ahead 30 years, Pierre believes the yellow metal could average $12,500 an ounce—and may even hit $25,000!
3 Reasons Why I See Further Upside Potential for Gold Prices
Gold may be off its 52-week highs, but the precious metal is still up more than 15 percent for the year through September 17. This appears to put gold on a path for its best year since 2010, when it gained just under 30 percent.
Look Which Precious Metal Is Beating Warren Buffett…
The price of gold has beaten the S&P 500 Index over a number of different time periods, even the century (so far!). The yellow metal, however, has also outperformed arguably the greatest living investor, Warren Buffett.
Top 10 Countries with Largest Gold Reserves
Beginning in 2010, central banks around the world turned from being net sellers of gold to net buyers of gold. In 2018, official sector activity rose 46 percent to 536 tonnes – the second highest level of demand this century.
Chinese Factories Beat Expectations as U.S. Manufacturing Lagged
The trade war between the world’s two largest economies entered its 18th month in September with the U.S. imposing fresh 15 percent tariffs on $125 billion worth of goods imported from China. China retaliated in kind, but a breakthrough could happen sooner rather than later.
Global Debt, Trade Deficits and the Psychology of Politicians
For fiscal year 2020, the federal budget deficit is expected to hit a massive $1 trillion—the first time in U.S. history that it will have expanded so rapidly in a time of peace and economic stability.
Gold Stocks Have Shimmered With Gold's Rally
Gold has continued to hit new six-year highs and was trading at $1,544 per ounce as of August 29. The yellow metal has surged so far in 2019 in part due to global economic concerns like the U.S.-China trade war, record levels of negative-yielding debt globally and signs of manufacturing slowdowns in major economies – to name a few.
How Will Airports Keep Up With Travel Demand?
Carriers have added more capacity. With the exception of JetBlue Airways and Spirit Airlines, capacity as measured by seats on all domestic carriers is up from 2018. The big four airlines – United, Delta, American and Southwest – as seen in the chart below, account for more than 81 percent of domestic airline capacity.
Protect Your Wealth Against the Law of Unintended Consequences
More than a year after the start of the U.S.-China trade war, we’re finally starting to see consumer prices increase. Core inflation, which excludes food and energy, rose to a six-month high of 2.2 percent year-over-year in July.
With Yields Sinking Everywhere, Gold Just Hit New All-Time Highs…
Gold headed for its best week in nearly two months as the value of negative-yielding debt touched a new record of $15 trillion. The 10-year Treasury yield fell below 2 percent, pushing gold above $1,500 an ounce for the first time since September 2013.
It's an All-Out Currency War! What Are Your Next Moves?
Be that as it may, China’s central bank on Monday allowed its currency, the renminbi, also known as the yuan, to weaken past 7.0 versus the dollar, a level unseen since 2008. A weaker currency gives China certain advantages over the U.S., including making its goods more competitively priced for foreign buyers.
Rate Cuts, Trade Wars and Gold: 5 Things Every Investor Should Know Right Now
Say what you will about this past week, it certainly wasn’t dull. The Federal Reserve, seemingly capitulating to President Donald Trump and Wall Street, became just the latest central bank to cut interest rates.
How Bank Closures Could Be Giving Rise to Digital Currencies
There may come a time, sooner than you think, when the world economy simply cannot operate to its full potential without bitcoin, Facebook’s proposed Libra or some other large-scale digital currency.
Oil Is Fueling the Commodities Rally: 2019 Halftime Report
Commodities were on mostly sound footing in the first half of 2019. The S&P GSCI returned more than 13 percent as of June 30, one of the best first six months in recent memory. It was not without its challenges, though.
This Mining Company Is Back to Creating Value for Investors
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.
It's Time We Talked About Modern Monetary Theory (MMT)
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 Just Breached $1,400. What’s Next for 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's Libra Cryptocurrency Is the Future of Fintech
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: “Gold Has Everything Going For It”
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.
What a U.S. Rate Cut Could Mean for Gold Prices
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?
What Tariffs and the NBA Finals Mean for Gold’s Rally
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.
Global Manufacturers Just Shrank for the First Time in Seven Years
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.
Should Investors Get Excited About Rare Earth Metals?
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.
Double Whammy: Fed Policy and the U.S.-China Trade War
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
How to Unrig the Gold Market, According to GATA's Chris Powell
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.