"They tampered with flow lines," Aspen Assistant Police Chief Bill Linn said. "They turned off gas lines."Continue...Read More
"Accordingly, we intend to vote on Jan. 6 to reject the electors from disputed states as not 'regularly given' and 'lawfully certified' (the statutory requisite), unless and until that Continue...Read More
On Dec. 16 the top-ranked Journal of the American Medical Association (JAMA) published a headline-grabbing article about the risks that Covid poses to young people. Continue...Read More
Gold and silver's rallies could continue into the new year according to Matt Maley, chief market strategist at Miller TabakContinue...Read More
If you didn't put your cash to work in 2020, then you're fighting the tide ignited Continue...Read More
Corween Investments, the holding company for Liberty House, was given a lease for the insolvent Polish steel plate producer Huta Czestochowa earlier this week, sources told Fastmarkets on Wednesday December 30.In late December bankruptcy trustee Mateusz Bienioszek signed a lease agreement for Huta Czestochowa with Corween Investments, several sources familiar with the matter told Fastmarkets "I ca...Read More
Closures at Hyundai Steel's electric arc furnaces (EAFs) in Incheon have reduced supply and raised prices for steel beams in South Korea, a company spokesman told Fastmarkets.Hyundai closed two EAFs at its Incheon works in mid-October due to a $100-million upgrade of its steel beam rolling process, the spokesman said on Tuesday December 29.Following the update, South Korea's second largest steelma...Read More
Here are five Fastmarkets stories you might have missed on Tuesday December 29 that are worth another look.Turkey's Ministry of Trade will start an anti-dumping investigation against hot-rolled coil imports from the European Union, Turkish sources told Fastmarkets on December 29.Fastmarkets' premium for the supply of aluminium...Read More
The supply and demand fundamentals for preciousmetals markets got thrown into disarray this year, leading to heightenedvolatility – first on the downside, then on the upside.Although gold and silver will finish 2020 below their highs for the year, gold is still headed for an annual return of close to 25%; silver around 45%.Can hard assets investors look forward tofurther price appreciation i...Read More
As of Wednesday (Dec. 30) morning,gold is range trading and remains more or less flat as it seeks momentum. As wewait for the precious metals to act on a catalyst, let’s also take a look atthe Euro’s relation to the U.S. Dollar and how both impact gold.Over the last 24 hours, the preciousmetals market did more or less nothing, despite the new daily decline in theUSD Index. The latter i...Read More
Recently,British Petroleum (BP) went public in declaring that “peak oil demand” wasreached in 2019. According to the oil major’s 2020 outlook, global oil demandwill not regain levels reached last year, and that demand could soon fallrapidly, due to stronger climate action by countries, by at least 10% over thenext 10 years, and up to 50% by 2040. Demandfor the fossil fuel has dou...Read More
Peter Krauth provides the investment case for silver.In many ways, most of us can't wait to put 2020 behind us and call it last year.We've experienced a once-a-century global pandemic, infecting almost 80 million people. Lockdowns caused businesses to shutter and soaring unemployment, with massive economic consequences.If you dig a little deeper, other costs include soaring debts and deficits worl...Read More
This second part of our special “What To Expect In 2021” article highlights our proprietary Adaptive Dynamic Learning (ADL) price modeling system and is specifically authored to help you understand where trends, price rotations, and risks may set up throughout 2021. In the first part of this article, we covered the ES, NQ, and INDU symbols – highlighting how each one of the...Read More
Most of the time during a bull market the short, intermediate and long term charts are pretty much in sync even during a consolidation phase. Consolidation patterns are needed to bring the overbought condition back to what is normal for a bull market. Consolidation patterns are notorious for wild swings both up and down to shakeout as many investors as possible before the next impulse move can beg...Read More
Fed Chair Jerome Powell sounded dovish during his press conference on December 16, where he gave a market update after the Fed’s monetary policy meeting. The Fed will remain accommodative for a long time, which should support gold prices.Last week was full of important events. First, both the Pfizer/BioNTech and Moderna vaccines received emergency-use authorization from the U.S. Food and Dru...Read More
Do you feel the Christmas spirit whenit comes to the yellow metal and miners? Because we don’t. Multiple signs overthe past few days point to bearish weeks ahead for gold and the gold miners.The VanEck Vectors Gold Miners ETF (GDX) - the most liquid vehicle forinvestors and traders to gain exposure to gold mining companies – is indicatingthat things are only about to go downhill from h...Read More
President-elect Joe Biden is expected to increase further government spending. For this and also other reasons, there is a risk that inflation under Biden’s presidency could be higher than under Trump’s. That would be great news for gold.Let’s face it, Biden won’t have an easy presidency. And I’m not referring to the fact that he will be sworn in as the oldest preside...Read More
Precious metals markets are on the move thisweek. They got a boost following Wednesday’s FederalReserve policy statement. Fed officials kept their benchmark interest rate nearzero and vowed to continue injecting $120 billion per month into the bondmarket. The central bank seemed unconcerned about bubble-likeconditions in equity markets. Nothing seems likely to deter it from pursuingmore stim...Read More
Previously,I have shown how Bitcoin is leading silver higher, and vice versa. .This makes perfect sense in these time,since it is all about the US dollar. Assets that offer a “safehaven” from USdollar meltdown will go higher in some sort of related pattern.Here is an update on that analogue whereBitcoin is leading silver higher (you can find the analogue where silver isleading Bitcoin...Read More
Theworld’s largest gold exchange traded fund (ETF) seems to be having a lotof trouble when it comes toaccounting.TheSPDR Gold Trust (GLD) recently appointed its 6th chief financial officer since2014. And the problem of finding and keeping executives who are willing tocertify the Fund’s accounting does not appear to be the only reason for concernat GLD.Thetiming of the most re...Read More