Source: Jack Chan for Streetwise Reports 07/02/2018 Jack Chan's updated charts for the precious metals markets include a look at how the Canadian dollar relates to gold and silver prices. --> Our proprietary cycle indicator is down. The gold sector is on a long-term buy signal. Long-term signals can last for months and years and are more suitable for investors holding for long term. The gol...Read More
By David HaggithEven the best day of the year for stocks in the United States struggled to pull this market into better shape. While summer is a down period overall for stocks, July 2nd holds the position of being historically the most bullish day of all for the S&P 500. Why? The S&P 500 shows an average return of +.32% on July 2nd and is, at least, positive 83.33% of the time. The Dow turns in...Read More
Dear Friend of GATA and Gold:GoldCore's daily blog today reprints analysis by Jim Rickards in his latest Gold Speculator letter arguing that the great "global monetary reset" often speculated about is already underway, as indicated by the recent close correlation between the gold price and the International Monetary Fund's super-currency, the Special Drawing Right, which began shortly after the...Read More
What a fall! The price of gold dropped about $100 since mid-April, or about $50 since mid-June. What is happening in the precious metals market? World Is Dangerous, but Gold Falls in Q2 Let's analyze the chart below. As one can see, the second quarter of 2018 was not good for gold. The yellow metal lost almost 6 percent. June was particularly negative for gold, which dropped more than 4 percen...Read More
By Dave KranzlerThe XHB homebuilder ETF is decisively below three key moving averages after it knifed below its 50 dma last week. KB Homes reported a big earnings and revenue "beat" on Thursday after the market closed. The stock soared as much as 9% on Friday. Per the advice I gave my subscribers about shorting the inevitable price-spike in the stock, I shorted the stock Friday mid-day (Ju...Read More
Via GEFIRA,The new Italian government will increase public spending and public debt.It promised to reduce taxes, introduce basic security and reform pensions. Italy's Northern League's leader Mateo Salvini surged in the polls and the party is now the strongest in Italy.A couple of years ago it was inconceivable that this regional group could become Italy's leading political party. We should exp...Read More
Gold needs to trade over $1236 for the whole day to prevent a crash. Silver needs to trade over $15.60 to prevent a sell off. Copper needs to trade over $2.91 to prevent a sell off. Crude oil will zoom if it manages to break and trade over $75.20. Trading volumes in the USA session will reduce. Financial markets will not sleep. Volatility will remain on the higher side. Economics & Trump trade...Read More
Turkish steel mills have remained quiet in the deep-sea scrap markets, waiting for lower prices from suppliers due to falling values for finished steel and billet, sources said on Tuesday July 3.The mills in the country booked a number of deep-sea cargoes from the United States last week but fell quiet later in the week. The material in the cargoes was priced around $354 per tonne cfr for HMS 1&2...Read More
DUBAI (Reuters) - Saudi Energy Minister Khalid al-Falih discussed the oil market developments with his Russian counterpart, and both agreed to continue close coordination in the interest of producers, consumers and the global economy, according to a statement by the Saudi Energy Ministry on Tuesday.Falih spoke with Russian Energy Minister Alexander Novak on Monday and discussed the need to modify...Read More
Australian iron ore lump prices continued to rise on Tuesday July 3, while fines prices stayed rangebound.Metal Bulletin 62% Fe Iron Ore Index: $64.55 per tonne cfr Qingdao, up $0.01 per tonne Metal Bulletin 58% Fe Premium Index: $51.95 per tonne cfr Qingdao, up $0.03 per tonne Metal Bulletin 65% Fe Iron Ore Index: $91.50 per tonne cfr Qingdao, down $0.10 per tonne Metal Bulletin 62% Fe China Port...Read More
SYDNEY (Reuters) - Australia’s central bank kept rates at record lows for a 23rd straight month on Tuesday, citing sluggishness in inflation and wages at home and the risk to global growth from trade policy in the United States.The Reserve Bank of Australia (RBA) last cut rates to 1.50 percent in August 2016, making it easily the longest run without a change since the cash rate was first for...Read More
* Italy/German spread at tightest in a week at 228 bps* Threat of German government collapse recedes* Safe haven German bond yields higher 2 bps* Trade war threat still hangs over market* French 30-year yield hits 18 month low* Euro zone periphery govt bond yields tmsnrt.rs/2ii2Bqr (Adds Tria comments, graphic, updates prices)By Abhinav RamnarayanLONDON, July 3 (Reuters) - German borrowing costs...Read More
SHANGHAI/HONG KONG (Reuters) - The U.S. government has moved to block China Mobile (0941.HK) from offering services to the country’s telecommunications market, recommending its application be rejected because the firm posed national security risks.The move by President Donald Trump’s administration comes amid growing trade frictions between Washington and Beijing. The United States is...Read More
Glencore Plc (GLNCY) shares plunged Tuesday after the world's biggest commodities trader said it had received a subpoena from the U.S. Department of Justice seeking documents related to the Foreign Corrupt Practices Act and money laundering statutes. Glenore said the DOJ subpoena, dated July 2, relates to its business in Nigeria, the Democratic Republic of Congo (DRC) and Venezuela an...Read More
Links and Slides: https://www.itmtrading.com/blog/qa-ly...Lynette Zang has held the position of Chief Market Analyst at ITM Trading since 2002. Ms. Zang has been in the markets on some level since 1964. Her mission is to convert financial noise into understandable language. She has been a banker, a stock broker and studied world currencies since 1987. She believes strongly that we need to be as in...Read More
Danielle DiMartino Booth, former Dallas Fed advisor and Wall Street Journal columnist Veronica Dagher on why U.S. bank stocks are underperforming and the concerns surrounding President Trump's trade policies.Danielle DiMartino Booth spent nine years as an advisor to Richard W. Fisher at the Federal Reserve Bank of Dallas. Danielle left the Fed in 2015 to found Money Strong, LLC, an economic consul...Read More
China's ferrous futures retreated across the board during morning trading on Tuesday July 3, especially the steel contracts, amid weakness in the physical markets.Futures closing prices - morning session Shanghai Futures Exchange October rebar: 3,723 yuan ($562) per tonne, down 46 yuan per tonne October hot-rolled coil: 3,835 yuan per tonne, down 37 yuan per tonne Dalian Commodity Exchange Septemb...Read More
For some, the music and the parties continued...while those in the know quietly made their way to the lifeboats. Michael Maloney is a precious metals investment expert and historian. He is the founder and owner of GoldSilver.com, a global leader in gold and silver sales/storage and one of the world's most highly regarded investment education companies. He is author of the highest selling precious...Read More
In an age of more "prosperity" than the human species has ever experienced, why are so many of us feeling so empty?And what solutions exist out there to offer us more meaning, connection and purpose in our lives?Joining us this week is Charles Hugh Smith, who gives a detailed account of the root causes of what's ailing society, as well as the essential ingredients for repairing it.Full description...Read More
Critics say the huntress is a murderer and said she deserves to be harassed and shamed.Continue...Read More