Regular readers will be familiar with the charts used in these reports. The fact that the gradients of all the trend lines used in the analysis are derived from the master line shown as M, nevertheless might not be fully appreciated. That structure reveals underlying symmetry in market prices in that the price tends to react to channels, which will become evident once the reader works to identify...Read More
"Compound interest is the eighth wonder of the world." Albert Einstein"My wealth has come from a combination of living in America, some lucky genes, and compound interest." Warren BuffettCompound interest is an extraordinarily powerful financial tool, and reinvesting the cash flows received from investments has historically been the single most reliable way of...Read More
Brazilian crude steel output increased by 5.50% year-on-year in February, according to figures released by national steel institute A??o Brasil on Monday March 19.Production totaled 2.71 million tonnes, against 2.57 million tonnes a year before.Brazilian firms produced 1.83 million tonnes of finished steel last month, growth of 7.50% from February 2017's level of 1.70 million tonnes.In the same co...Read More
Japan central bank head says G20 to reaffirm need for free trade Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. I...Read More
Twitter announced its intent to ban cryptocurrency ads this morningShares of social media giant Twitter Inc (NYSE:TWTR) are falling today in light of Facebook's data mishap. Meanwhile, the company just announced a plan to ban cyrptocurrency ads.In response, TWTR stock has already explored both sides of breakeven today, but was last seen 0.8% lower to trade at $35.29.Overall, Twitterhas had a grea...Read More
Current Position of the MarketSPX: Long-term trend - The bull market is continuing with a top expected in the low 3000s.Intermediate trend - The intermediate correction from 2872 could nowcontinue until May-June.Analysis of the short-term trend is done on a daily basis with the help of hourly charts. It is an important adjunct to the analysis of daily and weekly charts which discusses the course o...Read More
Friday's session in the precious metals sector was very exciting, but quite a few investors will want to agree to that, because the volatility wasn't really big. But the dam is broken, and we saw several new cracks pointing to an incoming breakdown. It's not the time to look away from all the signs - it's time to take advantage of them. In addition to showing you how we plan to proceed with the...Read More
NEW YORK (Reuters) - Luke Thomas, 44, an information technology field manager who lives in Miami, began investing in the U.S. stock market in his early 20s, attracted by the prospect of learning “how to grow a little bit of money into a lot,” he said.At the time, he put most of his money into a handful of small-cap and over-the-counter stocks. Yet watching the Russell 2000 index of sma...Read More
Local rebar and import billet prices in Egypt increased again this week because of strong demand.Beshay Steel began offering rebar at E ?12,996 ($738) per tonne ex-works on Saturday March 17, up from the E ?12,768 per tonne ex-works announced on March 8.The country's...Read More
The brokerage firm still believes HCA Healthcare is a "buy"Brokerage firm Leerink mentioned HCA Healthcare Inc (NYSE:HCA) as a stock to buy in a note on hospital operators. The covering analyst said fundamental tailwinds such as a bad flu season and rising healthcare costs continue to help HCA and sector peers. The equity is trading down 0.4% at $102.36 this morning, but is holding support at the...Read More
By Keith WeinerWe will take another break from capital destruction, to treat a topic which has come up this week. On March 11, we said:"...central bankers do not think about gold.Granted, they once did. In the 1960's, there was the now-infamous London Gold Pool to keep the price of gold at $35. This is endlessly cited as evidence of current central bank price suppression, without bothering to me...Read More
The latest bids, offers and deals in the global markets for rebar, wire rod, steel beams and other long steel products. Latest transactions: RebarRebarEgypt, domestic (Ezz Steel), rebar,...Read More
"There is a possibility that such aircraft could be used in a deception operation designed to confuse enemy planes in the air, to launch a surprise attack against enemy installationsContinue...Read More
More than 50 million FB users were reportedly compromisedShares of Facebook, Inc. (NASDAQ:FB) have plunged 5.6% this morning to trade at $175.84, amid reports that U.K.-based Cambridge Analytica -- a political data mining firm with ties to Steve Bannon, a former adviser to President Donald Trump -- gathered personal information from more than 50 million profiles on the social media site without ge...Read More
Strong global economic fundamentals can limit the rise of gold and silver. Whenever the focus moves away from global economic fundamentals like a Russia-UK/US spat etc. gold and silver will rise. Gold and silver will zoom if there is any clear indication of three interest rate hikes by the Federal Reserve (two after this week's hike). I am hyper bullish in gold and silver on or after July. There...Read More
The Turkish steel mills extended their silence in the deep-sea scrap market on Monday March 19, amid weak rebar demand in the country's export markets.There were rumors of a Baltic Sea cargo sold to a steel mill in the Iskenderun region, but no market participants could confirm such a transaction.Rebar demand in the country's export markets has slowed down significantly, after the Section 232 anno...Read More
Dear Friend of GATA and Gold:Gold researcher Ronan Manly's detailed report for Russia Today on the history and mechanisms of gold price suppression by central banks, called to your attention by GATA a few hours ago --http://gata.org/node/18112-- has been quickly reprinted by the Daily Sabah, a major newspaper in Istanbul, Turkey, that is published in English, German, Arabic, and Russian:https://...Read More
The slow-motion train wreck of "social credit" systems and the "gamification" of society has moved to the next stage. Now the Chinese government is going to start barring people from flying or riding trains if their social credit score is not up to snuff. China may be the test case for these ideas, but they're already being rolled out in other countries. So what are we going to do about it?Read More
One of the penny stocks is set for its worst day in more than a yearCidara Therapeutics Inc (NASDAQ:CDTX) stock is lower today, down 22% to trade at $6.09, despite the biotech company reporting its anti-fungal drug Rezafungin acetate met the main goals of a mid-stage study. Cidara will advance this drug to late-stage trials in the latter half of the year. Even amidst the seemingly upbeat news --...Read More
Turkish domestic scrap prices have continued to rise in line with strong finished steel values and the weakening of the Turkish lira, sources said on Monday March 19.Metal Bulletin's weekly price assessment for domestic auto bundle scrap (DKP grade) in Turkey on Monday was TRY1,300-1,520 ($331-387) per tonne delivered, up from last week's TRY1,260-1,420 per tonne.The upward movement in the assessm...Read More