In his latest appearance on InfoWars with Alex Jones, Peter Schiff discussed the Friday jobs report numbers. Peter explains why he thinks the United States could be facing an official recession if third quarter GDP growth turns out to be negative. Peter and Alex also discussed how the world is losing its confidence in American…
The Employment Report on Friday was bad – but it wasn’t the unmitigated disaster that the consensus seems to have spun it into. It is true that there were no bright spots. It is true that the net number of new jobs added was worse than consensus and indeed worse than some of the more pessimistic expectations….
Since the last time I had updated their statistics on September 30, both of the Sprott Precious Metals Trusts lost a little bullion, presumably to redemptions. If they were bullion sales to raise cash, then they have no yet updated the cash levels with it. Sprott Silver declined by 10,800 ounces, and Sprott Gold by…
A fresh day of gains keeps bullish momentum running in healthy action. The Dow was the first index to break past declining resistance established by July – August declining trendline. Volume also climbed to register accumulation. The Semiconductor Index was another to make a move higher. It cleared declining resistance and the 50-day MA. Better…
There is correlation between economic phases and sector performance. Which funds will best ride the wave? If you subscribe to common wisdom, the late-summer market selloff must have you thinking about the potential for a true recessionary slide. After all, the stock market looked like it had topped out after a stunning six-year run. Many…
EURGBP: With the cross turning off the 0.7442 level the past week to close slightly higher on rejection candle, further downside pressure is envisaged. It gave up its intra day gains to close flat on Monday leaving risk of further move lower. This view remains valid below the mentioned resistance zone. On the upside, resistance…
“Investors” are so desperate to hold on to short-term paper that they paid $100 for a 3-month Treasury-bill at today’s auction. That is a 0% yield – for the first time ever – lower even than the auction right after Lehman’s bankruptcy in Nov 2008. Chart: Bloomberg It is probably safe to say that NIRP next,…
Stock markets around the world have been on a roller coaster ride over the past few weeks, thanks mainly to global growth worries and monetary policy uncertainty. However, the ETF industry continues to grow. Net inflows into US Exchange Traded Products (ETPs) reached US$127.5 billion in the first eight months of the year, 19% higher…
This morning we are seeing some follow through to Friday’s amazing reversal. However there is still some technical damage that was done during August’s sell off and it may take some time to work itself out. Click on picture to enlarge The next closest resistance level is between 1986-1990, these are the levels left behind…
It took nearly eight years, but a dozen countries on both sides of the Pacific Rim, which account for 40% of the world’s GDP reached a trade agreement. Attention will now shift to the ratification process. Canada may offer the first challenge. National elections will be held October 19. The Conservative Prime Minister Harper…
