Kinesis money

Economy to shut down again this winter, says Lobo Tiggre, investor who called gold price drop "If Biden is sworn in, he'll shut the economy down this winter more than Trump would have. USD goes under the bus, stagflation is likely. They'll blame COVID-19, but for once, socialism might also get some of the blame for the trouble it causes…" said Lobo Tiggre of the Independent Speculator in a Tweet made last week. Several countries in Europe are already going…

"I would be surprised if we don’t sell off" – Gareth Soloway shorts stock market Nothing has fundamentally changed in the economy to warrant a sustained rally in the stock markets, said Gareth Soloway, chief market strategist at InTheMoneyStocks.com, speaking with Kitco News at 3:45 pm EST on Monday. “I don’t believe anything major has changed. We knew a vaccine was going to come, the projections are still first quarter, early second quarter,” he said. “The same thing with Biden…

Gold price holding gains after last week’s breakout he gold market is starting the week on solid footing with modest gains following last week's nearly 4% rally. December gold futures last traded at $1,955.40 an ounce, up 0.19% on the day. Gold's humble gains after the market's Sunday evening open comes as Democratic nominee Joe Biden continues to secure his place as President-elect. Although some states haven't released their official tally from last week's election, Biden has secured enough votes…

'A democracy cannot exist as a permanent form of government', so what's next? world has given way to the rise of populism, mirroring what happened in the 1930s, when after the Great Depression, populist leaders took power and World War 2 followed, said Bob Thompson, portfolio manager of Raymond James. "Sometimes the currency wars, competitive devaluations, etc. turn into real wars," he said. "We're not there yet, I'm not saying that's going to happen, but sometimes that's the case." One…

Post-Trump era? Gold price to see $2,000 next week as attention shifts to coronavirus – analysts The gold market is reaping the benefits of a lower U.S. dollar in an uncertain environment, where markets are betting on a Biden win. The precious metal began its rally Thursday with prices rising more than $50 amid uncertainty and weaker U.S. dollar as Democratic candidate Joe Biden maintained his lead against U.S. President Donald Trump. Based on the latest Electoral College count, Biden…

E.B. Tucker lays out investment 'war' plan as Biden edges closer to White House With Odds now stacked in Joe Biden's favor, it's now looking more likely that the next four years will see a Democratic president in the White House. E.B. Tucker, director of Metalla Royalty and "Why Gold? Why Now? The War Against Your Wealth and How to Win It" said that gold and gold royalty stocks still remain the ultimate weapons against the "war against wealth." Tucker…

Déjà Vu – it's happening again Okay, so it is not déjà vu. In fact, it’s only slightly reminiscent of the last presidential election held in 2016 in terms of how gold prices changed immediately following the release of the election results. In both cases the immediate reaction and move in gold was the polar opposite of what was expected. In 2016 analysts believed that if Donald Trump got elected gold would reach stratospheric heights due to the uncertainty of…

Markets react – what gold, stock prices say about election outcome As of 11:00 pm EST, the precious metals and equities futures markets are favoring a Trump re-election, this according to Peter Hug, global trading director of Kitco Metals. Gold fell 1.19% as of 9:30 pm EST, but rebounded when President Trump narrowed the lead from Vice President Joe Biden. As of 11:30 pm EST, gold is down 0.6%, the S&P 500 futures are up 1.3%, NASDAQ futures up 3%,…

Cameco calls tax decision 'incredibly disheartening and unfair' Cameco (NYSE:CCJ) received notice last week that Canada Revenue Agency has sought leave from the Supreme Court of Canada to appeal the June 26, 2020 decision of the Federal Court of Appeal, which found in favour of Cameco in its dispute of reassessments issued by CRA for the 2003, 2005 and 2006 tax years.   After two clear and decisive rulings in our favour from the Tax Court of Canada and the…

Markets getting starved for capital by 'casino-like funds' The mining industry is facing competition from passively-managed index funds which pull capital away from individual mining companies, said Jeff Christian, managing partner of CPM Group. “There’s a shift in the buy-side of the finance market away from investing in smaller companies and individual companies, and that has been reducing the amount of money readily available for mining investments,” Christian said. Christian noted that some of these passive index funds are beating…