GoldSeek Radio Nugget: Dr. Marc Faber and Chris Waltzek
Thu, 18 Jan 2018 15:15:00 GMT
Globally renowned economist and editor of the GloomBoomDoom report, Dr. Marc Faber returns with his outlook on the financial markets for 2018. Due to excessive expansion, of central bank balance sheets, global equities prices may be overextended as robust economic conditions are heavily dependent on inflated asset prices. Investors will shy away from the bubble markets to the precious metals, which will likely be next to outperform competing asset classes.
Ira Epstein's Metals Video 1 17 2018
Thu, 18 Jan 2018 14:01:00 GMT
Apple’s announcement of repatriation and one-time tax payment of $38 billion lifts the Dollar and sinks gold.
The Scent of Dow 30,000
Thu, 18 Jan 2018 14:00:00 GMT
The bull market’s blow-off-like trajectory has steepened, if such a thing were imaginable, with Wednesday’s 322-point rally in the Dow. The blue chip average is ostensibly headed to the 27,251 target shown, and although this Hidden Pivot resistance is worth shorting, I wouldn’t recommending standing in the herd’s way if it is exceeded by more than 10-15 points.
Asian Metals Market Update: January-18-2018
Thu, 18 Jan 2018 07:01:00 GMT
The Federal Reserve’s beige book stressed on the sustained strength of the US economy. This implies quicker interest rate hikes. Gold fell as a result. To me the correction in gold and silver is a part of the impeding sharp rally. However if gold and silver fall today, then chances of $1292 and $1673 and below will be very high. Short term buyers will turn into sellers. It’s a big day for gold and silver from a technical perspective.
Gold Seeker Closing Report: Gold and Silver End Lower in Mixed Trade
Wed, 17 Jan 2018 21:16:07 GMT
Gold chopped between $1343.90 and $1332.90 in Asia and bounced back to $1338.90 in London before it fell to a new session low of $1332.00 in late morning New York trade and then jumped back to as high as $1340.50 in early afternoon trade, but it then dropped to a new session low of $1327.00 in late trade and ended with a loss of 0.77%. Silver slipped to as low as $16.992 and ended with a loss of 1.1%.
2018 Should Be Bullish For The Precious Metals Sector
Wed, 17 Jan 2018 16:39:53 GMT
I believe there’s a good chance that gold will move toward and possibly over $1400 during 2018. This Trump tax cut will negatively impact the Government’s spending deficit by a meaningful amount and the U.S. will be forced to issue well over $1 trillion in Treasury debt this year. Moody’s placed the U.S. Government’s rating on watch for a possible downgrade. During the course of the year I expect to see the dollar index drop below 90, which is a key technical support level. If this occurs, gold will quickly move over $1400.
Recipe Calls for a Broad Commodities Rally in 2018
Wed, 17 Jan 2018 16:25:26 GMT
At the beginning of every year, we update what’s typically one of our most popular pages, the Periodic Table of Commodity Returns. I encourage you to explore 10 years’ worth of data on basic materials such as aluminum, zinc and everything in between. A word of warning, though—the interactive feature makes the table highly addictive. Please feel free to share it with friends and family!
Here’s What Historically Happens to Stocks When Bull Markets End
Wed, 17 Jan 2018 15:02:25 GMT
You undoubtedly know that 2017 was a record-setting year for the broad stock markets. And while gold was up last year despite numerous headwinds, most mainstream investors aren’t paying much attention to gold since they keep seeing so much green in their stock portfolios.
More U.S. States Are Knocking Down Gold And Silver Barriers
Wed, 17 Jan 2018 14:40:00 GMT
In 2017, Arizona, Louisiana, Virginia, Texas, and North Carolina, and even Minnesota made progress on the sound money front. In 2018, other states could do so as well. 36 states have already removed sales taxes from precious metals transactions, and bills being pushed this year by sound money advocates in Alabama and Tennessee could add to that list.
So That’s What Volatility Looks Like
Wed, 17 Jan 2018 14:36:03 GMT
2017 was literally the smoothest stretch of highway that US stocks have ever traveled. Rising almost every day and seldom falling hard, they made it virtually impossible for investors to lose money. Here’s the Dow Jones Industrial Average over the past two years. Note how unnaturally smooth the recent action was.
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