Europe Scrambles for Solutions, by Tim Duy: Monday morning is fast approaching, and European leaders are scrambling to come up with something credible to float ahead of the market opening. Recall that we ended last week with the S&P downgrade of Belgium, and policymakers would like to have something on the table in response.
The Gold Bugs Index, the HUI, remains under pressure as it stands at 113.89, having tested the '100' level no less than 5 times in recent months. The summer doldrums continue with the precious metals sector struggling to catch a rally or make a meaningful move north, but are things about to change?
Black Friday is a big and usually good trading day for the retail sector; however, for gold prices it was a punch on the nose. Gold suffered a loss of $14.30 to close at $1056.10/oz, its lowest level since early 2010.
It’s been almost 50 months since the gold traded at the dizzy heights of $1900/oz back in August 2011, to the delight of every gold bug on the planet. However, since then it has been a slow grind south with rally after rally proving to be just another head fake. Gold has now lost $845.00 or 44.47% of its value in dollar terms, since peaking back then.
Many have called
A new special report from Jeff Clark, Senior Analyst at the Hard Assets Alliance, has just been published and is available for promotion to your audience.
This report titled, Three Major Shifts That Signal Risks to Your Investments Are Headed Higherdiscusses three economic and monetary trends that, in combination with recent events, create an environment ripe with investment risk...risk that many investors underestimate.
Here is Jeff's introduction that begins the report:
By Nick Giambruno
Central planners around the world are waging a War on Cash. In just the last few years:
- Italy made cash transactions over €1,000 illegal;
- Switzerland proposed banning cash payments in excess of 100,000 francs;
- Russia banned cash transactions over $10,000;
- Spain banned cash transactions over €2,500;
- Mexico made cash payments of more than 200,000 pesos illegal;
- Uruguay banned cash transactions over $5,000; and
By Justin Spittler
The oil price crash continues to claim victims…and many of them are in Canada.
The price of oil hovered around $100 for most of last summer. Today, it’s trading for less than $45.
Weak oil prices have pummeled huge oil companies. The SPDR S&P Oil & Gas Exploration & Production ETF (XOP), which tracks the performance of major U.S. oil producers, has declined 36% over the past year.
By Dan Steinhart
Dear Casey Research Reader,
I recently talked to my friend James Altucher about his unique new research service…
If you don’t know James, he’s a multi-millionaire entrepreneur and an extremely successful investor.
He’s friends with billionaires like Peter Thiel…who made $600 million as the first investor in giant social media company Facebook.
Now, for the first time ever