VANCOUVER, March 1, 2018 /PRNewswire/ - Northern Vertex Mining Corp. (NEE.V) (OTC Nasdaq Intl.: NHVCF) (the "Company") announces that the Company's unaudited interim consolidated financial results for the second fiscal quarter 2018 ended December 31, 2017 have been filed on SEDAR. The full version of the Condensed Interim Consolidated Financial Statements and Management's Discussion & Analysis...Read More
The US dollar has fallen rather sharply over the past year or so, despite ongoing Fed rate hikes. This persistent dollar weakness has really boosted gold. There's a fascinating interplay between these two currencies and futures speculators' expectations for Fed rate hikes. These traders hang on every word from top Fed officials, which greatly influences their trading. So these relationships are im...Read More
Every few decades a new "command and control" economy emerges, puts up awesome initial numbers, and convinces people prone to dictator-worship that they've Continue...Read More
Steel mills in the United Kingdom will be heavily disadvantaged if blanket 25% tariffs are applied to their exports to the United States, Richard Warren, head of policy at industry group UK Steel, said on Friday March 2."There is significant apprehension about the indirect effects of these measures in the form of steel trade diverted away from the US to other markets, such as the UK," Warren said....Read More
Althoughoil bulls pushed black gold higher after yesterday market’s open, their triumphwas very short-lived. Looking at the daily chart, it even tempts to say thattheir rally took place on an empty tank. Why? Because thanks to yesterday’s declineoil bears not only made short positions more profitable, but also gained nextpieces to their puzzle. Let's check them together in today's aler...Read More
Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort251,98173,26372,017161,527361,323485,525506,603Change from Prior Reporting Period -5,2246,9804,3816,614-8,4685,7712,893Traders17378834658255187 Small Speculators LongShortOpen Interest 47,33526,257532,860 -1,0651,8134,706 non reportable positionsChange from the previous reporting...Read More
Financial sacrifices are so obvious and commonplace they are seldom acknowledged.Borrowing money on a credit card, mortgage or car loan to purchase something is typical. You have sacrificed future spending for use in the present.1) If the purchase, financed by debt, increases income more than the cost of debt service, the required principal plus interest can be repaid from future income. This...Read More
- Global stocks slump as Trump risks trade wars- Gold prices little changed despite dollar weakness after tariff news- Trump announced plans to impose heavy tariffs on imported metals- China likely to retaliate with heavy tariffs on U.S. agricultural exports- Geo-political tensions with EU and of course China and Russia to escalate- Trade, currency wars and competitive currency devaluations tend...Read More
Iran has announced that purchase orders by merchants that are based on US currency will no longer be allowed to go through import procedures.Continue...Read More
Listen to the Podcast Audio: Click HereMike Gleason: It is my privilege now to welcome back Michael Pento, president and founder of Pento Portfolio Strategies, and author of the book The Coming Bond Market Collapse: How to Survive the Demise of the U.S. Debt Market.Michael is a well-known money manager and a fantastic market commentator, and over the past few years has been a wonderful guest and...Read More
By Swati Pandey and Charlotte GreenfieldSYDNEY/WELLINGTON, March 2 (Reuters) - The Australian dollarhovered near recent lows led by a broad risk-off move after U.S.President Donald Trump imposed a tariff on imported steel andaluminium, triggering fears of a global trade war.Australia, as an open economy, relies heavily oninternational trade and capital. It is particularly vulnerableto a U.S.-led t...Read More
Scrap prices in the global markets have continued to increase his week, amid strong demand for material in the major importing countries and upward momentum in the US export markets.Turkish steel mills continued to book more-deep sea scrap for April at escalating prices, with the country still enjoying strong demand for its finished steel products.Meanwhile, Taiwan import scrap prices also rose fu...Read More
- Global stocks slump as Trump risks trade wars- Gold prices little changed despite dollar weakness after tariff news- Trump announced plans to impose heavy tariffs on imported metals- China likely to retaliate with heavy tariffs on U.S. agricultural exports- Geo-political tensions with EU and of course China and Russia to escalate- Trade, currency wars and competitive currency devaluations tend t...Read More
The US dollar has fallen rather sharply over the past year or so, despite ongoing Fed rate hikes. This persistent dollar weakness has really boosted gold. There's a fascinating interplay between these two currencies and futures speculators' expectations for Fed rate hikes. These traders hang on every word from top Fed officials, which greatly influences their trading. So these relationsh...Read More
March 2 (Reuters) - Gold prices held little changed near two-month lows on Friday, as the dollar eased after U.S. President Donald Trump announced plans to impose heavy tariffs on imported steel and aluminum.FUNDAMENTALS* Spot gold was flat at $1,316.13 an ounce at 0124 GMT. Prices fell to their lowest since Jan. 2 to $1,302.61 in nthe previous session, under pressure from expectations of U.S. int...Read More
By Ira EpsteinNews of tariffs against China sends the US Dollar down and causes a late day rally in gold.https://www.iraepstein.com/ Read More
Gold is hated by governments around the world because it reveals their deceitful actions in totally destroying the economy. It isContinue...Read More
The UK inter-merchant price range for austenitic alloy steel scrap has gone unchanged this week because a rise in nickel prices at the end of last week was offset by a later drop this week, sources said on Friday March 2.Metal Bulletin's weekly price assessment for inter-merchant 18/8 scrap solids in the UK was ?950-990 ($1,306-1,361) per tonne delivered on Friday, unchanged over the week."The ni...Read More
Every few decades a new "command and control" economy emerges, puts up awesome initial numbers, and convinces people prone to dictator-worship that they've seen the future and it works. Between the 1920s and the 1970s, for instance, lots of influential people thought the Soviet Union would overtake the West, forcing the "free world" to embrace top-down economic planning.Then in the 1970s and 80s...Read More
One of the most asked question is if GLD is the same as owning gold. Like all Wall Street fiat money products, ETFs are actually a contract where the individual investor agrees to pay all the costs, run most of the risks and diminishes daily. Since the most important function of gold is to hold value over time, gold ETFs, by design, do not support the reason most people buy gold. Lynette Zang has...Read More