RaboDirect Ireland to close online savings accounts in Irish market on May 16- RaboDirect holds over ?,?3 billion in deposits from its 90,000 Irish customers- Irish savers now exposed to still indebted Irish banks and bail-ins- Marian Finucane heard recently that buying gold is for "ordinary people" and not just for "rich and posh people"- By owning gold "if banks go belly up again you would be...Read More
AUSTIN, Texas (Reuters) - The 2018 U.S. primary elections kick off on Tuesday in Texas, where Democrats hope record-high levels of early voter midterm turnout and anger over President Donald Trump’s policies will help them flip congressional seats from Republican control.Democratic turnout in the state’s largest 15 counties hit 465,245 in early voting, according to the Texas secretary...Read More
Graceland UpdatesBy Stewart Thomson 1. Gold is showing solid rallies from my $1310 area buy zone (basis April futures). From both a love trade and fear trade perspective, the fundamental picture is becoming more positive.2. Please click here now. I've repeatedly highlighted the fact that while America has the world's richest economy, China's economy is vastly bigger.3. Court...Read More
Iron ore prices fell to $76 per tonne cfr China on Tuesday March 6 on growing port inventories.Metal Bulletin's 62% Fe Iron Ore Index Today: $76.07 per tonne cfr QingdaoDaily change: down by $0.96 per tonneMonth-to-date average: $77.71 per tonneMetal Bulletin's 58% Fe Premium Index Today: $60.56 per tonne cfr QingdaoDaily change: down by...Read More
"We could end up with a Speaker Pelosi and a [Senate] Majority Leader Chuck Schumer. In Texas, if conservatives stay home, if we rest on our laurels, we could see Texas Continue...Read More
U.S. Dollar Could Dictate Gold Prices AheadIf you are looking for direction on gold prices, it's important you look at the U.S. dollar. If the dollar declines continue, gold prices could rally significantly.Gold bugs, be happy; the U.S. dollar is declining. Mind you, don't pay attention to the daily fluctuations. A lot of it has to do with noise more than anything else.Look at the chart below, whi...Read More
This blog post is a guest post on BullionStar's Blog by the renowned blogger JP Koning who will be writing about monetary economics, central banking and gold. BullionStar does not endorse or oppose the opinions presented but encourage a healthy debate. Why didn't quantitative easing, which created trillions of dollars of new money, lead to a massive spike in the gold price?100 Trillion Doll...Read More
The tax system is setup to reward those that save. But half of the country doesn't have any money saved so that is a tiny problem. Continue...Read More
The seaborne iron ore market continued to weaken on Tuesday March 6 on growing port inventories, but steel mills remain optimistic due to the current good profitability of steel products. Key drivers Iron ore inventories at 42 major Chinese ports continued to pile up, reaching 159.37 million tonnes on Tuesday, up 740,000 tonnes since last Friday. Some trading sources said that very few m...Read More
U.S. stocks are poised for a second consecutive session of gains Tuesday as investors piled back into equity markets as lawmakers in the United States urged President Trump to dial-back his trade war rhetoric and reports that North Korea is willing to accept denuclearization if Kim Jong Un's regime can be guaranteed safety. Futures contracts tied to the Dow Jones Industrial Average were mar...Read More
The populist Five Star Movement won about one-third of the votes in the Italian general elections. It's another negativeContinue...Read More
Major blow to the EU! The populist Five Star Movement won about one-third of the votes in the Italian general elections. It's another negative shock for the European establishment. Will these stars shine on gold? Five Stars Movement TriumphsWe live in strange times. To be a hairstylist, you need a license. But you can become a politician being just a comedian and telling jokes. We refer here to...Read More
Local and imported rebar prices in the United Arab Emirates and Saudi Arabia remained unchanged this week although the price of steel billet imports into the UAE increased, sources told Metal Bulletin on Tuesday March 6. Demand for locally produced rebar in the UAE was still strong. Domestic rebar The major rebar producers in the UAE rolled over their prices for March and April production las...Read More
The rising interest-rate trend in the US isn't new and isn't related to the Fed's so-called "policy normalisation" program. However, it has only just started to matter.That the rising interest-rate trend isn't new and isn't related to the Fed's rate-hiking efforts is clearly illustrated by the following chart. This chart shows that the US 2-year T-Note yield began trending upward in 2011 more...Read More
SEOUL (Reuters) - North Korea is willing to hold talks with the United States on denuclearization and will suspend nuclear tests while those talks are under way, the South said on Tuesday after a delegation returned from the North where it met leader Kim Jong Un.North and South Korea, still technically at war but enjoying a sharp easing in tension since the Winter Olympics in the South last month,...Read More
- RaboDirect Ireland to close online savings accounts in Irish market on May 16- RaboDirect holds over EUR3 billion in deposits from its 90,000 Irish customers- Irish savers now exposed to still indebted Irish banks and bail-ins- Marian Finucane heard recently that buying gold is for "ordinary people" and not just for "rich and posh people"- By owning gold "if banks go belly up again you woul...Read More
China's domestic rebar prices remained in a downward trend on Tuesday March 6 amid high selling interest among stockists. Domestic Eastern China (Shanghai): 3,920-4,000 yuan ($618-631) per tonne, down 50-80 yuan per tonne Northern China (Beijing): 4,030-4,060 yuan per tonne, down 20 yuan per tonne Stockists lowered their prices in an attempt to secure more sales since they have a lot of inventory....Read More
(Adds details, quotes, context)MOSCOW, March 6 (Reuters) - Russia's Norilsk Nickel reported a 16 percent drop in 2017 net profit on Tuesday due to a smaller foreign exchange gain, but was optimistic about prospects for its largest revenue generator palladium, saying a market deficit could widen.Norilsk Nickel (Nornickel) is the world's top palladium producer. It also vies with Brazilian miner Vale...Read More
Limited offers and bullish sentiment resulted in import prices for steel billet in Southeast Asia rising further over the past week and those for slab in the wider region including East Asia to narrow upward.BilletMetal Bulletin's assessment of import prices for billet in Southeast Asia was $560-575 per tonne cfr for the week ended Monday March 5, up $20 per tonne from a week earlier.Numerous deal...Read More
LONDON (Reuters) - The dollar edged down on Tuesday, while the Canadian dollar traded close to an eight-month low on persistent worries about a trade war stemming from U.S. President Donald Trump’s proposed tariffs on imported steel and aluminium.Against the yen - traditionally seen as a safe haven - the dollar edged down 0.2 percent to slip below 106 yen, not far from the 16-month low the g...Read More