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.
Yes, Gold Is Being Manipulated. But to What Extent?
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.
These Three Charts Will Convince Investors That Time May Be Running Out
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.
How to Limit Your Exposure to the U.S.-China Trade War
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.
Copper Well Positioned to Lead the Next Resource Cycle
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.
Three Things Driving Oil Prices This Week
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.
Invest in Optimism: A Conversation With Keith Fitz-Gerald
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.
The Hunger for Muni Bonds (And Gold!) Is Real
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.
What’s the Second Best Performing Asset Since 1999?
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.
What You Need to Know About Indonesia Ahead of Next Week's Election
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.
What Ballooning Corporate Debt Means for Investors
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.
China's Factories Power On for the First Time in Four Months
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.
Gold Mining Stocks Are Surging on Global Economic Fears
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.
7 Market-Moving Charts Investors Need to See
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.
The Retirement Crisis Is Much Worse Than You Think
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.
Gold Glimmers as the Pool of Negative-Yielding Debt Surges
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?
Gold Miners Are Finally Making Some Interesting Capital Investments
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.
Don't Be Fooled by the Politics of Envy
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.
Can the Bull Market Run for Another 10 Years?
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.
Getting In on the Ground Floor With World-Class Companies
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.