By Stefan GleasonPresident Donald Trump's "America First" trade policies are upending decades of global arrangements and entanglements. Globalists are aghast that the leader of the free world is openly confrontational toward NAFTA, NATO, the European Union, United Nations, and World Trade Organization.In rebuffing the global community by pursuing unilateral tariffs and vowing to win trade wars a...Read More
By RambusThe HUI along with most of the other PM stock indexes are at a critical point right here and now. Below is a combo chart we've following which has the UUP (The US Dollar Index ETF) on top and the HUI on the bottom. The UUP is building out a potential morphing bullish rising wedge consolidation pattern which would most likely give the PM complex some headwind if the price action breaks...Read More
by Avi Gilburt, ElliottWaveTrader.netFirst published Sun Jul 1 for members of ElliottWaveTrader.net: Dealing with markets is more about psychology than it is about anything else. So, let's begin this weekend's analysis with a discussion of the psychology of the metals market.There has been no trade more frustrating over the last several years than the metals. In fact, if you even remember...Read More
June was hot for the central banks. The Federal Reserve lifted the federal funds rate for the second time this year, while the European Central Bank announced that it would end its bond purchase program by the end of 2018. It would mean another step towards normalization of the crisis-era monetary policy, which would end quantitative easing on both sides of the Atlantic Ocean. What do these impo...Read More
- U.S. China trade war escalates as Russia stockpiles gold on the Keiser Report- Trump's erratic and risky trade policies pose a risk to dollar as reserve currency- China, Russia "getting cosier" with Silk Road and increasing economic cooperation- China and Russia "want to do business outside of the dollar" and "dollar will finally reach its comeuppance"- "No gold ever leaves China ... they ar...Read More
LONDON (Reuters) - Airbus (AIR.PA) on Friday raised its forecast for aircraft demand over the next 20 years as it begins to recover from two years of late deliveries of its A320neo passenger jet.Aircraft demand has been driven mainly by strong economic growth in emerging markets and the need to replace older planes in mature Western markets.Airbus also confirmed that it was studying further develo...Read More
Global steel scrap prices softened in the week ended Friday July 6, amid a fall in demand across most regions. Turkey booked no new deep-sea cargoes and the Indian market was also quiet, while prices on the East Coast of the United States remained flat due to a lack of deals.Bucking the trend, prices in Taiwan edged upward with improved demand, after there being no changes last week.Turkey imports...Read More
DETROIT (Reuters) - German luxury automaker BMW said on Friday that it will be unable to “completely absorb” a new Chinese 25 percent tariff on imported U.S.-made models and will have to raise prices on the vehicles it makes in Spartanburg, South Carolina.BMW said in a statement it is “currently calculating related necessary pricing increases” for U.S.-made models imported...Read More
BERLIN (Reuters) - China’s Premier Li Keqiang called on Berlin to sweep aside barriers hindering Chinese firms’ investment in Europe, urging German companies “not to be afraid” of cooperating with their Chinese counterparts.Li’s message, in an article for the Frankfurter Allgemeine, comes ahead of an intergovernmental summit in Berlin next week, when German manufactur...Read More
Former Congressman Ron Paul joins Larry with his take on Donald Trump, the Russia probe, and warns of a 'secret government' operating in the U.S. Then former Defense Secretary William Cohen on the potential pitfalls in negotiating with North Korea.Dr. Ron Paul is a physician and former twelve-term congressman from Texas who ran for president in 2008. He is the author of eight books, including the...Read More
Eric Sprott returns this week to discuss the growing trade wars, the global economy and the impact these events will have on precious metal prices.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 establish...Read More
"Everything is going in a 180 degree direction to what the Federal Reserve said it would do!"Gregory Mannarino started his financial career working for the securities and trading arm of the now defunct Bear Stearns before the dot-com bubble. He is an active trader of the capital markets and has published several books pertaining to finance, global economics, and equity trading; His most recent boo...Read More
Steel slab prices in July will be relatively stable in Brazil thanks to steady fundamentals, and will hold up in Asia despite soft demand, market participants told Metal Bulletin on Friday July 6.But slab prices are expected to rise in the Commonwealth of Independent States (CIS) amid increasing prices for finished flat steel products and an expected reduction in supply.AsiaSoutheast Asia's and Ea...Read More
TOPICS IN THIS INTERVIEW:00:45 Strong market sentiment, is this a good sign?06:05 Amazon announcement shaking the pharmacy sector13:05 How intelligent is artificial intelligence?28:25 Where to find Karl's economic analysisKarl Denninger is an American technology businessman, finance blogger, and political activist, sometimes referred to as a founding member of the Tea Party movement. His website i...Read More
KHAN AL-AHMAR, West Bank (Reuters) - Palestinians and their supporters marked a temporary victory in a Bedouin village in the Israeli-occupied West Bank on Friday after an Israeli judge halted demolition proceedings.Khan al-Ahmar, which lies east of Jerusalem at a site whose fate has become a focus of protests and international concern, was quiet early on Friday after two days of clashes between a...Read More
OTTAWA, July 6 (Reuters) - The Canadian economy added more jobs than expected in June, helping cement market expectations that the Bank of Canada will raise interest rates for the fourth time in a year next week.Statistics Canada said on Friday that 31,800 positions had been created in June, most of them part-time, while the unemployment rate rose to 6.0 percent from 5.8 percent as more people sou...Read More
China's domestic rebar prices were unchanged on Friday July 6 amid the sparse trading. Domestic Eastern China (Shanghai): 3,940-3,980 yuan ($593-600) per tonne, unchanged Northern China (Beijing): 3,870-3,910 yuan per tonne, unchanged Bad weather kept end-user demand weak during the day.Sellers maintained their prices flat on seeing futures strengthen at the end of the morning session, though they...Read More
WASHINGTON (Reuters) - The U.S. government is seeking guidance from a federal court over its efforts to reunite migrant parents and their children before court-imposed deadlines, after the administration separated the families for crossing the U.S.-Mexico border illegally.In a filing overnight, U.S. Department of Justice officials asked the United States District Court for the Southern District of...Read More
The smallest dog on the planet - which weighed less than an ounce when born - has been cloned a record-breaking 49 times Continue...Read More