BEIRUT (Reuters) - Iran’s Supreme leader called on the judiciary to punish those “who disrupt economic security” on Wednesday, following protests earlier this week over the rial’s collapse and the prospect of more hardships to come thanks to U.S. measures against Tehran.Business at Tehran’s Grand Bazaar was back to normal on Wednesday after a two-day strike had closed...Read More

Source: LBMA; BMG Group Inc.Read More

The comments below are an edited and abridged synopsis of an article by Nomi PrinsWhen trade wars escalate and geopolitical tensions rise, economies can be badly damaged, leading to a vicious cycle of aggressive responses. US President Donald Trump could unilaterally slow, alter or even shut down various elements of global trade, and if he manages to do so, there will be a price to pay in jobs a...Read More

Prices in the CIS export billet market remained unchanged on Wednesday June 27, but negative sentiment among market participants was growing due to a lack of trading and the downward price trend in China's domestic market."Chinese billet [prices have] collapsed so we are likely to [be affected by] the decrease," a producer source told Metal Bulletin.A trader source co...Read More

The comments below are an edited and abridged synopsis of an article by Nicholas ColasGE is leaving the Dow after being there for 111 years-longer than any other company. Replacing it is Walgreens Boots Alliance, 4 years old in its current form. At price of around $65, it will have roughly 5x more influence on the Dow than GE ($13).Why Walgreens and not Amazon or Google? Because Charles Dow's name...Read More

Full description and comments at: https://www.peakprosperity.com/podcas...Collectively, the world's major central banks have pumped $1.1 trillion into the markets over the past year.The result of all this money printing is now well known: massively inflated real estate, stock and bond asset price bubbles, as well as extraordinary wealth and income gaps across society.Some day all of this insanity...Read More

Link to Slides and Sources: https://www.itmtrading.com/blog/tech-...The surge in insider selling is picking up steam with the current buy/sell ratio now at the highest level of the year. This could indicate a market on the brink of a major market breakdown! With global central banks now moving toward tightening (raising rates and buying fewer bonds), who will ride to the markets rescue?Tech giants...Read More

The comments below are an edited and abridged synopsis of an article by Tyler DurdenThere was a brief respite for Chinese stocks last week that quickly disappeared, and it leaked into US stock markets too. The Dow has had its longest losing streak since 1978. It's down over 1% year-to-date, while the Nasdaq is up almost 12%. This is the worst year-to-date divergence between Dow/Nasdaq since 2009.I...Read More

HONG KONG (Reuters) - A government think-tank report that appeared briefly online said that China should be wary of any financial panic stemming from uncertainties, such as bond defaults, tight liquidity and trade frictions with the United States.The comments were made in a report by the National Institution for Finance & Development (NIFD) that Bloomberg said was leaked briefly on the Interne...Read More

"Right now, the dollar is being supported by expectations of a higher interest rate. As the fed moves back towards quantitative easing, you are very likely going to see a massive sell-off in the dollar. The massive sell-off in the dollar becomes very inflationary. This is a big problem right now for the Fed."Walter J. "John" Williams has been a private consulting economist and a specialist in gove...Read More

The comments below are an edited and abridged synopsis of an article by Christoph GrizzardAlong with countries like Brazil and South Africa, Russia and China are seeking to sidestep the US dollar wherever possible.In addition, Russia and China have been stockpiling gold, and the yuan has gained a place in the IMF's SDR basket, alongside the dollar, the yen, the euro and the pound.America is no lon...Read More

Jim Willie is a statistical analyst in marketing research and retail forecasting. He holds a PhD in Statistics, and his career has stretched over 25 years. He aspires to thrive in the financial editor world, unencumbered by the limitations of economic credentials. Jim operates a free website called Golden Jackass.Read More

NEW YORK (Reuters) - U.S. mortgage applications recorded their steepest weekly fall in over four months even as most home borrowing costs fell in step with lower bond yields, the Mortgage Bankers Association said on Wednesday.The Washington-based industry group's seasonally adjusted index on loan requests to buy a home or to refinance an existing one fell 4.9 percent to 365.3 in the week ended Jun...Read More

The comments below are an edited and abridged synopsis of an article by GoldCoreRussia dumped Treasuries in April and bought another 600,000 ounces of gold to add to its already sizeable gold reserves.And it's not only Russia; India, Turkey, Mexico, Iran, Kyrgyzstan, Kazakhstan, Belarus, Uzbekistan, Tajikistan, Mongolia and China have been increasing their gold reserves.The deterioration of the US...Read More

Today's WeldonLIVE looks at the intensifying risk of a major breakdown in the key US stock indexes, both from a fundamental backdrop perspective, and technically speaking ... We are closing in on completion of our updated website, after which these videos will NO LONGER be published publicly !!! If you are NOT a client, and wish to receive a FREE trial subscription, email me directly - [email pro...Read More

PARIS (Reuters) - Prime Minister Theresa May will be told at a European summit this week that while there is progress on the terms of Britain’s departure from the European Union, both sides should prepare for a “no deal” scenario, a French presidency source said.With nine months left until Britain is due to leave the EU, there is still little clarity over Britain’s future r...Read More

The comments below are an edited and abridged synopsis of an article by Wolfgang RattayAfter the lengthy bear market, gold could pick up its bullish momentum again, according to VanEck International Investors Gold Fund manager Joe Foster.The prospects for beaten-down gold stocks are starting to look promising, he said, citing geopolitical risk, uncertainty around the Trump presidency and potential...Read More

"Approximately two weeks ago, it was reported to me by a staff member who came in early that they observed all three SWP [State Warning Point] staff on shift asleepContinue...Read More

The World Gold Council today launched its 'Gold and climate change' report, aiming to provide investors with greater clarity around gold's impacts on climate change.Marking one year since the recommendations from the Taskforce on Climate-Related Financial Disclosure (TCFD), the report is an initial step to build understanding of the gold industry's greenhouse gas emissions (GHG) footprint, the e...Read More

China's domestic rebar prices continued to decline on Wednesday June 27 on weak futures and thin trading. Domestic Eastern China (Shanghai): 3,950-3,990 yuan ($601-607) per tonne, down 10 yuan per tonne Northern China (Beijing): 3,840-3,880 yuan per tonne, down 10-20 yuan per tonne Rebar futures dropped soon after the benchmark contract opened at a high 3,705 yuan per tonne, resulting in most part...Read More