Continue...Alasdair Macleod is head of research for GoldMoney. He also runs FinanceAndEconomics.org, a website dedicated to sound money and demystifying finance and economics. He has a background as a stockbroker, banker and economist. Read More
*This interview was recorded on 6/29/18Forbes Media Chairman Steve Forbes on how President Trump's tax plan has helped the economy and why the stock market would see an increase if trade disputes ended.Steve Forbes is an American publishing executive who was twice a candidate for the nomination of the Republican Party for president. He is the editor-in-chief of business magazine Forbes magazine as...Read More
July 5 (Reuters) - Futures pointed to a higher opening for Canada's main stock index on Thursday as oil prices rose due to potential disruptions to flows from Iran and the Middle East.Crude prices had earlier dropped after U.S President Donald Trump demanded OPEC to cut prices. However, an Iranian threat to block shipments through the Strait of Hormuz, a major route for transporting crude in the G...Read More
According to a new UN report, horrendous atrocities including rape and cannibalism are taking place in a war in the Democratic Republic of CongoContinue...Read More
"She's in agony and weeping. Just as upsetting she begged no one call an ambulance. "It's $3000," she wailed. "I can't afford that."Continue...Read More
The European Union has turned down China's offer of co-operation against Trump's trade war against them.Continue...Read More
Metal Bulletin is proposing to amend the minimum tonnage used in the calculation of its CIS Billet Index.The index is a tonnage-weighted calculation intrinsically linked to market transactions. Following internal analysis, Metal Bulletin is proposing to lower the minimum tonnage included in the index in order to ensure that concluded transactions have the largest effect on the final index calculat...Read More
Bob Moriarty of 321gold.com says we're likely to have a two month rally where gold will probably go up $150 Continue...Read More
Shortly after gold fell to $1,046 in December 2015, I called for a bear market rally that ranged from $1,375 to $1,428.That low mark of $1,375 has been tested three times since without being able to break above.Continue...Read More
Sector expert Michael Ballanger details his forecast for precious metals markets in the second half of 2018.Given the impressive reversal in gold last Monday, which appeared to occur during the Asian and European trading sessions as opposed to the Crimex pit session, it looks like the precious metals are adhering to the well-broadcasted seasonality trade that has been fraught with random, rather t...Read More
BERLIN (Reuters) - Industrial orders in Germany bounced back in May to support expectations of an economic upturn, though simmering trade and political tensions may yet act as a brake on growth.Thursday’s 2.6 percent rise in orders exceeded expectations, and followed a survey of purchasing managers that suggested Europe’s largest economy ended the second quarter on a stronger footing.T...Read More
WASHINGTON (Reuters) - U.S. President Donald Trump again accused the Organization of the Petroleum Exporting Countries of driving gasoline prices higher on Wednesday and urged the oil producer group to do more.“The OPEC Monopoly must remember that gas prices are up & they are doing little to help. If anything, they are driving prices higher as the United States defends many of their memb...Read More
Baowu Steel, China's largest steelmaker, is adding 4.03 million tonnes to its hot metal capacity and 3.61 million tonnes to crude steel capacity at its Zhanjiang city production site in Guangdong province, south China.The increases come at the expense of production cuts at operations in Shanghai and in Jiangsu province.Baowu cut 1.18 million tons of capacity at its Nanjing-based subsidiary Shangha...Read More
* German 2-year bond yield at 2-week highs* Euro zone bond yields broadly higher* Some ECB members unhappy with market rate-hike pricing - report* Euro zone periphery govt bond yields tmsnrt.rs/2ii2Bqr (Updates prices, adds ECB's Praet, BoE comments)By Dhara RanasingheLONDON, July 5 (Reuters) - Euro zone government bond yields were broadly higher on Thursday after a report that some European Cen...Read More
LONDON (Reuters) - Investors watching the trade tit-for-tat between the United States and China may well have reason to fear the havoc a full blown conflict between the world’s two biggest economies could wreak on the global economy.A model by economists at Pictet Asset Management in London reckons a 10 percent tariff on U.S. trade fully passed on to the consumer could tip the global economy...Read More
Metal Bulletin proposes to amend the delivery timing noted in the specification for its weekly domestic base price assessments for three European domestic stainless steel markets.Metal Bulletin proposes a minimum delivery time of four weeks to reflect the growing divergence in lead times for both flat and long stainless steel products in Europe. Lead times for stainless long products have been rep...Read More
Metal Bulletin proposes to launch a weekly domestic transaction price assessment for 2mm grade 304 cold rolled stainless sheet delivered in Northern Europe. Metal Bulletin understands from preliminary market engagement that the assessment of an overall transaction price would be a complementary addition to Metal Bulletin's existing pricing coverage of the European stainless market. Subject to mark...Read More
Molybdic oxide prices in Europe have dropped slightly amid slow trading activity this week, while the ferro-molybdenum price range widened.Market participants with either long or short positions are jostling to set a price platform in readiness for expected renewed demand in the latter half of the current quarter.The likelihood is that prices are set to hold around the current range until August,...Read More
The Dow powered higher ahead of the planned implementation of tariffs on Chinese goodsU.S. stocks finished the day higher, shrugging off both an ADP payrolls miss and a warning on trade from the Fed. According to the newly released minutes from the June Federal Open Market Committee (FOMC) meeting, "Most participants noted that uncertainty and risks associated with trade policy had intensified and...Read More
Inflation data will also be in focusRate hikes and corporate earnings will be in focus next week. In addition to a handful of speeches from Federal Reserve officials, traders will also be eyeing a pair of inflation updates for signs the central bank could be ready to raise its key benchmark rate again. Plus, a number of big banks -- including JPMorgan Chase & Co. (NYSE:JPM) and Citigroup Inc (NYSE...Read More