Russia adds another 600,000 oz to it's gold reserves in MayHoldings of U.S. government debt slashed in half to $48.7 billion in April'Keeping money safe' from U.S. and Trump - Danske BankTrump increasing the national debt by another 6% to $21.1 trillion in less than 18 monthsAsian nations accumulating gold as shield against dollar devaluation and trade warsRussia dumps Treasuries for gold and in...Read More
Imported steel billet prices in Egypt rose this week but domestic rebar prices remained unchanged, sources told Metal Bulletin on Thursday June 21. Metal Bulletin's weekly price assessment for domestic rebar in Egypt on June 21 was unchanged at E ?12,525-12,528 ($700) per tonne ex-works. The country's major rebar producer, Ezz...Read More
Emerging-market debt crises are as predictable as spring rain. They happen every 15-20 years, with a few variations and exceptions.In recent decades, the first crisis in this series was the Latin American debt crisis of 1982-85. The combination of inflation and a commodity price boom in the late 1970s had given a huge boost to economies such as Brazil, Argentina, Chile, Mexico and many others, inc...Read More
OSLO, June 21 (Reuters) - Norway's central bank kept its key policy interest rate unchanged at a record low 0.50 percent on Thursday, as expected, and reiterated plans for a hike later this year.The bank said it aims to raise rates in September, in line with its forecast from March. (Reporting by Oslo newsroom) Disclaimer: The views expressed in this article are those of the author and may not re...Read More
(Reuters) - Walt Disney Co raised its bid for the bulk of Twenty-First Century Fox Inc’s film and television assets to $71.3 billion on Wednesday, sweetening its deal with cash as it looks to upend Comcast Corp’s $65 billion offer.The new cash-or-stock deal may be attractive to Fox’s largest shareholder, Rupert Murdoch, who owns 17 percent voting shares along with his family. The...Read More
Link to Slides and Sources: https://www.itmtrading.com/blog/heads...TWO PATTERN SHIFTS!Last October we saw a major insider selling pattern emerge, as some insider sectors avoided buying stocks even as they continued heavy selling. Since the start of the year, after a major selling spike, there is a bit of a lull the following week. But the last two weeks has seen huge spikes in selling without the...Read More
TOPICS IN THIS INTERVIEW:02:00 Market overview - what is the next step?04:30 Critical lessons learnt in speculating09:40 Impatient investors making the patient wealthier13:50 Top three stock picks18:40 How will a stock market crash impact precious metals?20:25 Hot opportunities for investors to take action withMarin Katusa has worked directly with and financed many companies of well-known individu...Read More
Jim joins the show for a discussion on markets and the world. Jim Rogers co-founded the Quantum Fund with George Soros in 1973, helping to steer the fund to a 4200% return before "retiring" at age 37. He is considered to be one of the greatest investors of all time. Rogers has made two record-setting journeys - once by motorcycle and once by car - and is in the Guinness Book of World Records for d...Read More
BEIJING/CHICAGO (Reuters) - U.S. producers of pork, already saddled with duties enacted in an earlier round of the escalating trade dispute with China, are bracing for further pain after Beijing hit the products with additional tariffs due to come into effect next month.China implemented a 25 percent duty on most U.S. pork items on April 2, and a 15 percent tariff on a range of fruits and nuts, in...Read More
TORONTO, June 21 (Reuters) - M&G Investment Management, the biggest shareholder in Dalradian Resources Inc, said on Thursday it was supportive of a friendly cash takeover offer for Dalradian from private equity group Orion Mine Finance.The C$1.47 per share offer is fair, Jamie Horvat, director of global equities at M&G, told Reuters. M&G owns 12.8 percent of Dalradian.The transaction also has the...Read More
Hundreds of prisoners in southern Yemen swept up on suspicion of belonging to al-Qaida or ISIS are being systematically raped, tortured and Continue...Read More
CHAPLEAU, Ontario/LONDON, June 21 (Reuters) - Hundreds of feet below thick boreal forest blanketing the Canadian Shield, a squad of near-silent, battery-powered machines are tunneling toward gold in a multimillion-dollar mining experiment to ditch diesel.Goldcorp Inc is building the world's first new all-electric mine, a high-stakes gambit to replace noisy, fume-belching equipment being closely wa...Read More
China's domestic rebar market on Thursday June 21 recovered the losses experienced a day earlier after a major mill issued higher list prices. Domestic Eastern China (Shanghai): 4,120-4,160 yuan ($636-642) per tonne, up 10-20 yuan per tonne Northern China (Beijing): 3,900-3,950 yuan per tonne, up 20-30 yuan per tonne Major rebar producer Shagang raised its selling price for rebar by 100 yuan per t...Read More
Florida's busiest airport will be the first in the nation to require a face scan of US citizens and international passengers arriving and departing Continue...Read More
A few years ago, I wrote an issue for Boom & Bust outlining the biggest problems in the Eurozone after the QE-stimulated recovery that saved the Continue...Read More
LONDON, June 21 (Reuters) - Russian miner Petropavlovsk's largest shareholder, who is calling for an overhaul of the board, has written to fellow shareholders, setting out plans to sell the company's stake in an iron ore unit and to draw up deal targets in the gold sector.The company holds its annual general meeting in London on June 29, when, only a year after the previous board was toppled, shar...Read More
BEIJING (Reuters) - At least three U.S. coal shipments on their way to China may end up casualties of the escalating trade dispute after Beijing said it would impose steep tariffs that may kick in before the ships reach their destinations.The addition of coal to the list of more than 650 items facing higher tariffs came as a shock to Chinese steel mills and trading firms that just last month were...Read More
The Western media was incredulous. The Donald had disregarded diplomacy, scuttled out of the G7 meeting in Canada without endorsing the G7 agreementContinue...Read More