Effects of Monetary Pumping on the Real WorldAs long time readers know, we are looking at the economy through the lens of Austrian capital and monetary theory (see here for a backgrounder on capital theory and the production structure). In a nutshell: Monetary pumping falsifies interest rate signals by pushing gross market rates below the rate that reflects society-wide time preferences; this dist...Read More
CloseGain/LossOn WeekGold $1314.00+$2.60-0.73%Silver$16.50+$0.08-0.12%XAU82.40+0.03%-0.64%HUI181.39+0.04%-0.36%GDM632.56+0.19%-0.25%JSE Gold1115.06-31.19+1.77%USD92.60+0.14+1.19%Euro119.57-0.33-1.41%Yen91.73+0.17-0.02%Oil$69.72+$1.29+2.38%10-Year2.945%-0.001-0.47%Bond143.53125-0.03125+0.24%Dow24262.51+1.39%-0.20%Nasdaq7209.62+1.71%+1.26%S&P2663.42+1.28%-0.24% The Metals: ...Read More
In 2017, trading volume on the Shanghai Futures Exchange shrank by almost one fifth to 1.36 billion lots, mainly led by a drop in rebar and bitumen trading, official data shows, yet trading turnover rose by 5.8% to 89.9 trillion yuan ($14.1 trillion). The SHFE's trading turnover accounted for a 47.9% share of China's futures markets, followed by Dalian Commodity Exchange, which accounted for...Read More
WASHINGTON (Reuters) - U.S. job growth increased less than expected in April and the unemployment rate dropped to near a 17-1/2-year low of 3.9 percent as some jobless Americans left the labor force.The Labor Department’s closely watched employment report on Friday also showed wages barely rose last month, which could ease concerns that inflation pressures are rapidly building up, likely kee...Read More
Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort209,577102,79866,156179,735311,607455,468480,561Change from Prior Reporting Period -16,22713,64011,8024,020-25,908-405-466Traders19586905153288191 Small Speculators LongShortOpen Interest 52,28827,195507,756 1,7511,8121,346 non reportable positionsChange from the previous reporti...Read More
Click Here to Listen to the Interview - *the interview begins at 05:42Greg lays out a compelling case for higher inflation later this year, the dominoes it will cause to fall, and how it will affect the average consumer, Fed policy, the stock market and precious metals.Click Here to Listen to the Interview - *the interview begins at 05:42Gregory Weldon is CEO of Weldon Financial and Editor of th...Read More
Comex copper prices dipped Friday May 4 morning in the US with a rebounding dollar sinking the latest rally.Copper for July settlement on the Comex division of the New York Mercantile Exchange fell 0.55 cents or 0.2% to $3.0750 per lb. Yesterday, Unites States non-ferrous scrap exports to China were brought to a halt on news that the Chinese government has implemented a 30-day suspension on i...Read More
NEW YORK (LPC) - The US leveraged loan market has nearly doubled in size in the last five years to a US$1trn asset class from a small private market despite feeling the full weight of regulatory pressure in the aftermath of the credit crisis, and is poised to set new records as regulation is rolled back.Agencies have dictated everything from the way financings should be structured to the type of i...Read More
Tahoe Resources (TSX: THO, NYSE: TAHO) announced this week the end of a strike carried out by 65 per cent of its workforce at the La Arena gold mine since April 22, 2018.Workers were demanding higher profit-sharing payouts. However, the company has said that it addresses such payouts in accordance with the Peruvian labour law. In a press release, the miner said that, following an agreement with th...Read More
By Alasdair MacleodArtificial intelligence (AI) is seen as both a boon and a threat. It uses our personal data to influence our lives without us realising it. It is used by social media to draw our attention to things we are interested in buying, and by our tablets and computers to predict what we want to type (good). It facilitates targeting of voters to influence elections (bad, particularly i...Read More
Fund Manager David Kranzler says gold and silver may be in the final bottoming process.Will the U.S. dollar move higher? Kranzler says if we see a spike in the Dollar, it will signal we are on the cusp of another financial crisis.Dave Kranzler spent many years working in various Wall Street jobs. After business school, he primarily traded junk bonds for a large bank. Dave graduated from Oberlin Co...Read More
Drilling contractor and products group Boart Longyear (ASX: BLY) again boasted of continuing an improving trend for its results in the March quarter, with a 15% boost in revenues thanks to improved market conditions, although it is still trying to right the ship after the downturn and stabilise profits.Staff reporter04 MAY 201804/05/2018commentsshareMillennial Lithium building Grandes plansSPONSOR...Read More
Listen to the Podcast Audio: Click HereMike Gleason: It is my privilege now to welcome in Greg Weldon, CEO and President of Weldon Financial. Greg has over three decades of market research and trading experiencing, specializing in the metals and commodity markets and even authored a book in 2006 titled, Gold Trading Boot Camp where he accurately predicted the implosion of the U.S. credit market...Read More
(Reuters) - U.S. stock indexes were little changed on Friday in choppy trading after data showed weaker-than-expected U.S. jobs and wages growth in April, while unemployment rate dropped to a 17-1/2-year low.Apple (AAPL.O) rose 2.4 percent, helping the indexes shed earlier losses, after Warren Buffett’s Berkshire Hathaway (BRKa.N) raised its stake in the iPhone maker.The Labor Department&rsq...Read More
The DIVA Museum, an institution created with the idea of highlighting the story behind some of the world's most beautiful diamonds, opened today in Antwerp, the capital city of the Flemish province of the same name located in northern Belgium. Antwerp is known for being home to silversmiths, jewellers and diamond dealers since the sixteenth century, and this new 850 m ?- museum tries to showcase h...Read More
Leading contract driller Ausdrill (ASX: ASL) this week took a majority stake in end-to-end seismic hard rock exploration service provider HiSeis.Staff reporter04 MAY 201804/05/2018commentsshareHiSeis was established in 2009 to commercialise the work of Curtin professors Anton Kepic and Milovn Urosevic that enabled the application of seismic technology to minerals exploration.While seismic had trad...Read More
In interviews, whenever I try to make the case that US policies are leading to the kinds of currency disruptions common in developing countries, I say something like, "For a glimpse of America's future, take a look at Argentina, where they're eating cats and dogs because of hyperinflation ... wait, no, I meant Venezuela." Mixing up countries kind of dilutes the power of the statement, but for so...Read More
Investors also reacted to another drop in U.S. unemploymentThe Dow soared today, as news that Warren Buffett substantially increased his Apple (AAPL) position sparked a huge move from the tech giant. In fact, shares of the iPhone maker hit an all-time high and closed the week up 13.3% -- the best week in years for AAPL. The broader tech sector rallied as a result, helping the Dow and S&P erase alm...Read More
Diversified miner Anglo American said on Friday it will end its investment in deep sea mining company Nautilus Mining."We are exiting our small minority shareholding in Nautilus, as part of the prioritisation of our portfolio on our largest and greatest potential resource assets," Anglo spokesman James Wyatt-Tilby said, confirming a report in the Financial Times.Anglo has a 4 per cent stake in Tor...Read More
3 Things in the Markets to Know Right Now TheStreet's May 5 "Investor Boot Camp" conference is coming up, and you won't want to miss it. Quickly register here. Food for thought from Jefferies: The large-cap Russell 2000's price-to-earnings multiple continues to contract and at 16.6 times, is off quite considerably versus the recent peak of 20 times. It stands 7.9% above its long-term a...Read More