- Bitcoin price in one year (June 2019)? - Bitcoin at $10,000 is the call of majority of MoneyConf poll participants- Bears see bitcoin at $0 while uber bulls see $100k/$1m (incl. Max Keiser)- Is binary and "bitcoin will likely go to zero or go much higher"- "Which cryptocurrency are you betting on in 2019?" - MoneyConf poll asks- Bitcoin, ethereum favoured in poll over ripple and litecoin- Wha...Read More
Interest rates are now a key simulator for growth in most nations. Interest rates have been used as a short-term tool as well as a medium-term tool by central banks to control growth in their nations and also control inflation. After the second world war, interest rates and interest rate futures have been the key to the direction of global financial markets be it stocks, bonds, currencies or eve...Read More
* ECB pushes rate hike prospects out to distant future* Most euro zone yields fall for second session in a row* Euro zone periphery govt bond yields tmsnrt.rs/2ii2Bqr (Adds euro zone inflation, Nowotny comments, updates prices)By Abhinav RamnarayanLONDON, June 15 (Reuters) - Italian government bonds are headed for their best week since September 2012, boosted by a benign European Central Bank an...Read More
Domestic rebar prices in Poland remained largely unchanged over the past week despite slow trading, sources told Metal Bulletin on Friday June 15.Metal Bulletin's weekly price assessment for domestic 12mm B500B-grade rebar in Poland was 2,230-2,300 zloty ($610-629) per tonne ex-works on June 15, compared with 2,220-2,300 zloty per tonne ex-works a week earlier.The assessment reflects the latest re...Read More
LONDON (Reuters) - The euro rose off the day's lows on Friday and stocks recouped losses after Germany's Christian Social Union party denied it would dissolve its alliance with Chancellor Angela Merkel's Christian Democrats.A report to that effect had appeared earlier on a hoax Twitter account, briefly rattling markets.The single currency EUR=EBS, which briefly slipped into negative territory on...Read More
"We absolutely are in a trade war."Bob brought 321gold.com to the Internet almost 14 years ago. They later added 321energy.com to cover oil, natural gas, gasoline, coal, solar, wind and nuclear energy. Both sites feature articles, editorial opinions, pricing figures and updates on current events affecting both sectors. Previously, Moriarty was a Marine F-4B and O-1 pilot with more than 820 mission...Read More
Italian special long steelmaker Ori Martin has acquired a majority share in compatriot steelmaker Ferrosider, it said on Friday June 15.Long steel producer Ferrosider, which like Ori Martin is also headquartered in Brescia, northern Italy, specializes in the production of flat, round and square merchant bars for customers in the mechanical engineering and carpentry industries.Ferrosider has a turn...Read More
BRUSSELS (Reuters) - Euro zone consumer prices rose by 1.9 percent in May, pumped up by higher costs of energy, food and services, data showed on Friday, while labor costs rose at their sharpest rate for five years in the first quarter of 2018.EU statistics office Eurostat reported that inflation in May was 1.9 percent, confirming its flash estimate, from an upwardly revised 1.3 percent in April....Read More
Eric Sprott has more than 40 years of experience in the investment industry. In 1981, he founded Sprott Securities (now called Cormark Securities Inc.), which today is one of Canada's largest independently owned securities firms. In 2001, Eric established Sprott Asset Management Inc. Over the years, Eric has personally been the recipient of numerous awards and honors, including one of Investor Dig...Read More
JOHANNESBURG (Reuters) - South Africa’s power grid was under pressure on Friday, with controlled blackouts possible, due to workers protesting over pay, a test of new President Cyril Ramaphosa’s efforts put the state electricity provider back on a stable financial footing.A spokesman for Eskom, which produces more than 90 percent of South Africa’s power, said the grid was stable...Read More
Professor Laurence Kotlikoff, author of the FREE book: You're Hired! says gold and silver investors could emerge victorious.What could drive PMs prices higher? Our trading "partners" are already starting to make it clear that they don't need us.Tensions between the US and key nations continues to ratchet up on the heels of Group of Seven nations talks in Canada this past weekend.The trade feud bet...Read More
JOHANNESBURG, June 15 (Reuters) - South Africa’s Labour Court has issued an order declaring strikes by labour unions at struggling state power firm Eskom “unprotected and unlawful,” a registrar at the court told Reuters on Friday.Eskom started controlled power blackouts on Thursday after workers protesting over pay hurt its ability to deliver electricity to Africa’s most in...Read More
WASHINGTON (Reuters) - A proposal to simplify a rule banning banks from proprietary trading, rather than making life easier for Wall Street, could ensnare billions of dollars’ worth of assets not currently caught by the regulation.This little-noticed wrinkle, if it were to make it into the final rule, could prompt Wall Street firms to overhaul their treasury, trading and merchant banking ope...Read More
Governor Gerry Brown made it a violation of law to shower and do laundry on the same day. The purpose of this law is to "help California be better prepared for future droughtsContinue...Read More
Gold weathered the Federal Reserve's 7th rate hike of this cycle this week. Gold-futures speculators and to a lesser extent gold investors have long feared Fed rate hikes, selling ahead of them. Higher rates are viewed as the nemesis of zero-yielding gold. But contrary to this popular belief, past Fed rate hikes have proven very bullish for gold. This latest hike once again leaves gold set...Read More
Social justice warriors explain why Father's Day is now evil. Read More
Big mining blastedMining and metals investors were offloading the sector's big names on Friday over fears of the impact of a trade war between the US and China, which is responsible for nearly half the world's industrial metal demand and two-thirds of the world's seaborne trade in steelmaking raw materials.Copper fell nearly 3% to $3.13 a pound or $6,900 a tonne, pushing the bellwether metal back...Read More
Brazilian pig iron export prices remained unchanged this week, but rumors of shipments being booked at lower prices have started to be heard.Metal Bulletin's weekly price assessment on Friday June 15 for Minas Gerais-origin pig iron exports was $390-395 per tonne fob, while the assessment for Caraj??s-origin pig iron on the same day was $395-400 per tonne fob.Both prices were unchanged week-on-wee...Read More
During this 40+ minute interview, Jason asks Lior about the current global macro situation given the Fed hiking rates this week and the ECB and BOJ still doing QE and whether a strong US Dollar on the US Dollar Index (because of a mostly weak Euro) will be a strong headwind for gold?Lior thinks that gold is holding up pretty strongly despite a strong US Dollar and that over the next few years gold...Read More
Today's WeldonLIVE Briefing discusses the intensifying turbulence in Emerging Markets, with focus on yesterday's MASSIVE depreciation, to a new RECORD LOW, in Argentina's Peso ... as the South of the Border Gang is ready to ride again !!! For access to today's FULL WeldonLIVE, email me directly: [email protected]Gregory Weldon is CEO of Weldon Financial and Editor of the influential newsletters "...Read More