China's steel futures rose during morning trading on Wednesday July 11 having started the day weak, while the steelmaking raw materials contracts ended the session little changed from their opening prices.Futures closing prices - morning session Shanghai Futures Exchange October rebar: 3,872 yuan ($584) per tonne, up 36 yuan per tonne October hot-rolled coil: 3,944 yuan per tonne, up 36 yuan per t...Read More
The comments below are an edited and abridged synopsis of an article by Charles Hugh SmithThere is no single cause of the gathering storm; in complex systems, dynamics feed back into one another, and the sum of destabilizing disorder is greater than the sum of its parts.Causal factors can be broken into two categories: systemic and social/economic. Smith discusses the S-curve of rapid expansion, a...Read More
NEW YORK (Reuters) - Investors yanked $188 million from the Janus Henderson Global Unconstrained Bond Fund, run by billionaire money manager Bill Gross, in June, marking four straight months of withdrawals, Morningstar Inc said on Wednesday.The Janus bond fund’s performance has stumbled this year, with some share classes down nearly 7 percent and falling to the bottom of their peer ranking,...Read More
WASHINGTON (Reuters) - The U.S. Environmental Protection Agency’s acting chief Andrew Wheeler said on Wednesday he would carry out President Donald Trump’s mission to provide regulatory relief to industry and protect the air and water.Wheeler had talked to Trump over the last few days and the president had told him to carry out those three tasks, the acting administrator said in his fi...Read More
David Stockman on "Closing Bell" (CNBC, July 10, 2018)David Stockman is a former Republican congressman from Michigan and was President Reagan's budget director from 1981 to 1985. After leaving the White House, Stockman became a managing director at Salomon Brothers, and he later founded a private equity fund. David is the founder of David Stockman's Contra Corner, and he is the author, most recen...Read More
Links and Slides: https://www.itmtrading.com/blog/gold-...IMF: https://www.imf.org/en/Publications/W...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. S...Read More
The comments below are an edited and abridged synopsis of an article by John RubinoTight labor markets are redressing some of the imbalance between employers and employees, while pulling formerly marginalized people into the mainstream economy.The trick is to maintain this kind of an environment once it's achieved. But labour shortages lead to higher wages, which are a form of inflation. The monet...Read More
The comments below are an edited and abridged synopsis of an article by Myra SaefongPlatinum, with its price at almost the lowest level in nearly a decade, might soon attract the interest of bargain hunters.Currently trading below gold and palladium, platinum is attractive from a pure price standpoint, as historically it has traded at a premium to both.Platinum settled at a 9 1/2 -year low of $81...Read More
The rich are getting richer, and the middle class is getting poorer. In this episode, Robert & Kim speak with Steven Brill about the causes of income inequality. Find out how severe income disparity impacts you and how you can protect yourself from its pitfalls.Robert Kiyosaki is best known as the author of Rich Dad Poor Dad, the #1 personal finance book of all time. His book titles hold four of t...Read More
The comments below are an edited and abridged synopsis of an article by Neils ChristensenGold is currently an attractive buy, according to Ronald-Peter Stoeferle, fund manager at Incrementum AG. He notes several factors that will lead to higher prices by year end.The most significant factor is falling momentum in the US dollar; interest in the greenback is waning as the Federal Reserve moves close...Read More
The comments below are an edited and abridged synopsis of an article by Anna GolubovaThere is a significant recovery in gold demand within the technology sector, says the World Gold Council (WGC), which notes that gold has a big role to play in the electrification of vehicles.Technology demand for gold accounted for more than 380 tonnes of the yellow metal used annually over the past decade, which...Read More
The comments below are an edited and abridged synopsis of an article by Trevor GersztPlanning for retirement requires investing wisely, with a careful investing strategy and a commitment to assets that will continue making gains far into the future.Gerszt discusses diversification, focusing on the long term, and the importance of gold.Gold has been a hedge against inflation and financial crisis fo...Read More
"For most people, TSA screenings are an unavoidable feature of flying," but it is "squarely in the realm" of Congress to expand liability for abusesContinue...Read More
(Reuters) - U.S. stocks fell on Wednesday and looked set to snap their four-day winning streak after Washington’s threat to impose tariffs on an additional $200 billion worth of Chinese goods raised fears of an escalating trade war.China responded to Trump’s threats by accusing the United States of bullying and warned that it would hit back.The biggest drags on the Dow Jones Industrial...Read More
CIS export billet prices continued to fall on Wednesday July 11 amid a lack of supporting factors, Metal Bulletin was told.Buying activity in most markets remained close to nil, with customers referring to weak domestic markets for finished long steel products, and consequently expecting import billet prices to drop further.Besides that, import scrap prices in Turkey moved downward again with book...Read More
TORONTO, July 11 (Reuters) - Canada's Barrick Gold Corp lowered its full-year copper production forecast on Wednesday while increasing its cost estimates, saying the change reflected operational challenges and planned work at its Lumwana mine in Zambia.Barrick, which looks likely to lose its rank as the world's biggest gold producer this year, maintained its 2018 output estimate of between 4.5 mil...Read More
Jordan Roy-Byrne, founder and editor of The Daily Gold shres his thoughts on why gold investors need to watch the S&P more closely than the USD. These comments are also tied into a bigger picture look at where the PMs are heading to the end of the year.Jordan Roy-Byrne, CMT is a Chartered Market Technician and member of the Market Technicians Association.. He is the publisher and editor of TheDail...Read More
July 11 (Reuters) - Foreign direct investment in Chile hit $8.48 billion from January to April, its highest level since records began 15 years ago, thanks to a new law designed to attract investment, the government investment agency said on Wednesday.InvestChile, an arm of the economics ministry, said foreign direct investment (FDI) increased by 655 percent over the same period last year, and it w...Read More
Mark Mobius, partner and co-founder of Mobius Capital Partners, discusses the rising trade tensions between the U.S. and China, winners and losers from the trade war, nationalism in Turkey, opportunities in China, emerging markets, Vietnam, where he wouldn't invest, trends in currency markets and one of his trades.Read More