"I think it was generally believed that the access point or potential access point to WikiLeaks was Roger Stone...I was led to believe he had a relationship with WikiLeaks and Julian Assange."Continue...Read More
Gold had a strong selloff on Tuesday of last week (November 5th) when the price opened near the 50-day moving average and then promptly collapsed all the way down to around $1482. It ended Thursday below a key support level at about $1480 that had supported the gold price for multiple weeks. To make things worse, it then ended the week below the next support price of $1465.From a technical analyst...Read More
Should real rates rise, then gold's fair value would fall. That would boost the premium for the wrong Continue...Read More
Steel billet prices in most markets around the world continued on an upward trend in the week ended Friday November 8 amid a recovery in scrap prices in the bellwether Turkish import market.Market participants consider Turkey's scrap import prices to be a major indicator of scrap price trends because the country is the world's largest importer of the steelmaking raw material.Fastmarkets' assessmen...Read More
Bob Moriarty of 321gold discusses the stock price of this explorer with a major gold resource in the Yukon. White Gold Corp. (WGO:TSX.V; WHGOF:OTCBB) is one of those companies with great partners, Kinross Gold as well as Agnico Eagle, over 1.7 million ounces in a gold resources in one of the best gold camps in Canada but can't seem to get any respect. At the end of December of last year the share...Read More
Australia’s Mineral Resources (ASX:MIN) said last week it is pausing operations at its Wodgina lithium project, a joint venture with US-based Albemarle, due to “challenging lithium market conditions.” “Given the current challenging market conditions for lithium, the MARBL Lithium Joint Venture believes there is more value to be delivered in the long term by placin...Read More
RambusA line chart can give you a different perspective vs a bar chart which is why I like to use them both to help uncover a potential pattern. Line charts can often times give you a quicker heads when a stock is breaking out.Below is a weekly line chart for GLD which shows you why I'm so concerned about the PM complex right now. As you can see this weekly line chart shows a triple top with the...Read More
By: Ira EpsteinGold wanting to breakdown but the gold market does not have a trend but bias and momentum down. Below the 18-week moving average. $1,440-$1,450 support. $1,485 challenge area..Read More
Although some notable long-term bond bulls are close to throwing in the towel as U.S. Treasury yields continue to climb, the chart suggests the bull market begun nearly 40 years ago still has farther to go. Yields on the long bond settled Friday at 2.41%, up from 1.90% in August, while T-Notes have gone from 1.43% to 1.93% over the same time. The rallies have been impressive if not to say sc...Read More
Make no mistake: Oil and gas companies may be doing some serious cost-cutting and slimming-and-trimming to stay competitive after the shale boom binge, but when it comes to employment, it’s still one of the best industries to hit up for a job.Jobs are booming, just as much as U.S. oil and gas production is.US oil production has increased from 11.7 million bpd at the start of 2019 to 12.6 mil...Read More
A line chart can give you a different perspective vs a bar chart which is why I like to use them both to help uncover a potential pattern. Line charts can often times give you a quicker heads when a stock is breaking out.Below is a weekly line chart for GLD which shows you why I’m so concerned about the PM complex right now. As you can see this weekly line chart shows a triple top with the b...Read More
Something has changed in the gold industry. During high gold-price periods the trend was to produce as much as possible - in many cases, irrespective of higher extraction costs per ounce. In a way you can’t blame them for making hay while the sun shone. The gold price rose for 12 consecutive years, hitting an all-time high of $1,907 an ounce in that heady summer of 2011. Why wouldn’t i...Read More
I will start this expose of what is really going on in Chile by pointing out that as I have lived there for the last 14 years, I am well placed to talk about it. I am aware that the truths that I am going to set out here may upset more than a few people, but if things are ever going to get better you have to begin by accepting reality, and the reality of the situation in Chile, which has seeming...Read More
RambusA line chart can give you a different perspective vs a bar chart which is why I like to use them both to help uncover a potential pattern. Line charts can often times give you a quicker heads when a stock is breaking out.Below is a weekly line chart for GLD which shows you why I'm so concerned about the PM complex right now. As you can see this weekly line chart shows a triple top with the...Read More
By: Ira EpsteinGold wanting to breakdown but the gold market does not have a trend but bias and momentum down. Below the 18-week moving average. $1,440-$1,450 support. $1,485 challenge area..Read More
Although some notable long-term bond bulls are close to throwing in the towel as U.S. Treasury yields continue to climb, the chart suggests the bull market begun nearly 40 years ago still has farther to go. Yields on the long bond settled Friday at 2.41%, up from 1.90% in August, while T-Notes have gone from 1.43% to 1.93% over the same time. The rallies have been impressive if not to say sc...Read More
Technical RecessionFreight Volumes Plummet"An Ugly Battle"Philadelphia, Dallas, and ???If you are a computer (other than the newest experimental quantum ones), your world is entirely binary. Everything is some combination of zeroes and ones. The machines can do marvelous things with those two digits but they have limits.We humans don't have to think in either/or terms, yet we often do. I see it...Read More
Steel billet prices in most markets around the world continued on an upward trend in the week ended Friday November 8 amid a recovery in scrap prices in the bellwether Turkish import market.Market participants consider Turkey's scrap import prices to be a major indicator of scrap price trends because the country is the world's largest importer of the steelmaking raw material.Fastmarkets' assessmen...Read More
Here are five Fastmarkets MB stories you might have missed on Friday November 8 that are worth another look.China's import quota system, which has restricted the inflow of scrap metal this year, will remain in place for another year, with a significant drop expected in the total quantity of quotas granted, the China Nonferrous Metals Industry Association (CMRA) said.An injunction from a Brazilian...Read More
Here are five Fastmarkets MB stories you might have missed on Friday November 8 that are worth another look.China's import quota system, which has restricted the inflow of scrap metal this year, will remain in place for another year, with a significant drop expected in the total quantity of quotas granted, the China Nonferrous Metals Industry Association (CMRA) said.An injunction from a Brazilian...Read More