By David HaggithLike the disintegration of the formerly charmed stock market, the return of Carmageddon is right on schedule. I had stated early last year that one of the first cracks in our economy to become evident would be the crash of the car industry.That crack materialized as promised, but then Hurricanes Harvey and Irma showed up to flood a million automobiles. Before any statistics mater...Read More

By Keith WeinerThe hot topic in monetary economics today (hah, if it's not an oxymoron to say these terms together!) is whither interest rates. The Fed in its recent statement said the risk is balanced (the debunked notion of a tradeoff between unemployment and rising consumer prices should have been tossed on the ash heap of history in the 1970's). The gold community certainly expects rapidly r...Read More

Adds background on Cadia mine, previously announced FY production)May 7 (Reuters) - Australia's biggest gold miner Newcrest Mining Ltd said on Monday its expects its flagship Cadia mine to return to full production rates by the end of June.The miner said it had begun depositing tailings into the Cadia Hill open pit over the weekend, after receiving approval from the New South Wales Department of P...Read More

The word "collusion" has come to be associated with Russia, Trump and the U.S. election.But my new book, Collusion: How Central Bankers Rigged the World,is about something entirely different aContinue...Read More

The latest news and price moves to start the Asian day on Tuesday May 8.Base metals prices on the Shanghai Futures Exchange were broadly up during Asian morning trading on Monday May 7, with the complex benefiting from a slight drop in the dollar index. There were no London Metal Exchange prices on Monday due to a bank holiday.The US Midwest aluminium premium was unchanged on May 4, with mark...Read More

Calls have been popular on MSFT and BABAMicrosoft Corporation (NASDAQ:MSFT) and Alibaba Group Holding Ltd (NYSE:BABA) both enjoyed upbeat earnings reactions in recent weeks, and options data suggests a number of traders have been betting on more upside in the near term. Schaeffer's Senior Quantitative Analyst Rocky White compiled a list of the 20 stocks that saw the heaviestoptions volume over the...Read More

By Avi GilburtWell, everyone else has been calling for a market crash, so I thought maybe I should too. But, while I think the market will likely crash again, I don't think it is going to happen just yet, as I still believe this bull market has several more years to run.When I peruse the articles on Seeking Alpha, it seems to be en vogue today to be bearish. The headline articles discuss how the...Read More

Continue...Dr. Marc Faber was born in Zurich, Switzerland and obtained a PhD in Economics at the University of Zurich. Between 1970 and 1978, Dr. Faber worked for White Weld & Company Limited in New York, Zurich and Hong Kong. From 1978 to February 1990, he was the Managing Director of Drexel Burnham Lambert (HK) Ltd. In 1990, he set up his own business, Marc Faber Limited which acts as an investm...Read More

"gold's technicals are improving and silver's are so positive that you have to wonder if there's a catch, though what that..."by John Rubino of Dollar CollapseThe past few months have seen some unusual, maybe even unique, developments in the gold and silver futures markets, with gold becoming extremely bearish and silver almost ridiculously bullish.Neither imbalance has amounted to much in terms o...Read More

Import prices for rebar in Singapore were up over the past week due to higher offers for China-origin materials.There were mainly only China-origin mill cargoes in the spot market, with about three Chinese mills offering export materials. This included a major Chinese mill offering rebar at $570 per tonne fob China, and two others which followed its lead.Singapore buyers said they were getting off...Read More

Black gold is trading above $70 per barrelU.S. stocks are trading higher at midday, as surging oil prices continue to take focus ahead of an expected U.S. decision on Iran sanctions. TheDow Jones Industrial Average (DJI) is up triple digits, while the S&P 500 Index (SPX) and Nasdaq Composite (IXIC) also see noteworthy gains, as the energy sector continues to climb alongside crude. At last check...Read More

The past few months have seen some unusual, maybe even unique, developments in the gold and silver futures markets, with gold becoming extremely bearish and silver almost ridiculously bullish. Neither imbalance has amounted to much in terms of price action, so it's not clear whether the most recent changes matter. Still, the action in both gold and silver futures remains unusual enough to bear w...Read More

"It's better if they don't understand it," Buffett said Monday morning. "If you don't understand it you get much more excited."Continue...Read More

JD.com will report earnings before the open tomorrowJD.com Inc (NASDAQ:JD) reports first-quarter earnings before the open tomorrow, and will be in particular focus after Chinese rival Alibaba (BABA) reported an earnings victory on Friday. Ahead of tomorrow's event, the options market is bracing for a larger-than-normal move from the e-commerce name. Over the last eight quarters, JD.com stock ha...Read More

China's domestic rebar prices dropped on Monday May 7 following falls in the billet market over the weekend. Domestic Eastern China (Shanghai): 4,000-4,050 yuan ($629-637) per tonne, down 50-60 yuan per tonneNorthern China (Beijing): 3,890-3,940 yuan per tonne, widened down 20 yuan per tonneBillet prices dropped sharply during the weekend on high selling interest, which prompted rebar traders to c...Read More

By Steve St. AngeloThe switch from Central bank gold sales to purchases had a big impact on the gold market. Precious metals investors fail to realize that Central banks sold a staggering amount of gold into the market up until 2009. It's also quite interesting that Central banks became net purchasers after the 2008 Market meltdown.There's been a lot of speculation as to why the Central bank...Read More

"I will be announcing my decision on the Iran Deal tomorrow from the White House at 2:00pm."Continue...Read More

(Refiles to remove repeated comment) * Dollar index edges back towards Friday's four-month high * Specs cut net long positions in gold in week to May 1 * GRAPHIC-2018 asset returns: By Jan HarveyLONDON, May 7 (Reuters) - Gold fell on Monday, snappingthree days of gains as the dollar index rose back towards its2018 peak and last week's soft U.S. jobs data did little todampen optimism about the worl...Read More

By Chip Cummins in London and James T. Areddy in Shanghai This article is being republished as part of our daily reproduction of WSJ.com articles that also appeared in the U.S. print edition of The Wall Street Journal (May 7, 2018). Mining giant Glencore PLC and Qatar said they have scrapped plans to sell a roughly $9 billion stake in Russian state oil company PAO Rosneft to a once-high-flying Ch...Read More

Sarepta stock has nearly tripled in the past yearShares of InVitae Corp (NYSE:NVTA) and Sarepta Therapeutics Inc (NASDAQ:SRPT) are pointed higher this morning, after the two companies expanded their partnership in clinical research for Duchenne Muscular Dystrophy (DMD) treatments. The collaboration takes advantage of NVTA's genetic testing to find patients who may benefit from SRPT's clinical tr...Read More