As I noted yesterday, stocks still have some life in them.Calling the precise top of a bubble is all but impossible. This is particularly true when you have a White House that openly admits it views stocks as a "report card." Rarely does the one being graded have the ability to manipulate the results of his or her "report card." In this case, the White House does.Having said that, my current bluep...Read More
Do you hear the military march? The world’s largesteconomies are flexing their muscles and preparing for war. Will gold win thetrade conflict between the United States and China?So It BeginsTrade war. This topic dominated the recent days. Lastweek, President Trump announced plans for tariffs on about $60 billion ofChinese imports. In response, Liu He, China’s vice-prime minister, told...Read More
NEW YORK, March 27 (Reuters) - Bullion investors, miners and makers of coins will help drive the fifth straight annual increase in total global gold investment in 2018, CPM Group said in its Gold Yearbook 2018 on Tuesday, citing geopolitical tensions and fears that the bubbling U.S. economic expansion will end in a 2019 recession."The changing global monetary policy landscape coupled with long in...Read More
After many starts and stops over the past few years, the Chinese oil exchange launched on March 26, 2018 as I have been reporting for the past few weeks. This is a big deal. It appears to be a direct competitor to the US dollar in, right now, just oil but it could expand to many other materials- particularly in Eastern Europe and Asia where their one belt one road initiative is taking place. (the...Read More
Rumors are swirling the Oracle of Omaha may take a stake in GEGeneral Electric Company (NYSE:GE) hit an eight-year low of $12.73 on Monday, and was the only Dow stock to finish the session at a loss, and closed the day in oversold territory, based on its 14-day Relative Strength Index (RSI) of 28. Today, the shares are at the top of the Dow -- up 6% to trade at $13.67, on track for their best day...Read More
CloseGain/LossGold $1344.30-$8.60Silver$16.51-$0.18XAU81.25-1.52%HUI176.28-1.50%GDM617.49-1.30%JSE Gold1118.05-11.81USD89.39+0.34Euro124.04-0.50Yen95.00UNCHOil$65.25-$0.3010-Year2.781%-0.065T-Bond145.75+1.03125Dow23857.71-1.43%Nasdaq7008.81-2.93%S&P2612.62-1.73% The Metals: Gold fell $13.70 to $1340.20 in midmorning New York trade before it bounced back higher into the cl...Read More
CloseGain/LossGold $1344.30-$8.60Silver$16.51-$0.18XAU81.25-1.52%HUI176.28-1.50%GDM617.49-1.30%JSE Gold1118.05-11.81USD89.39+0.34Euro124.04-0.50Yen95.00UNCHOil$65.25-$0.3010-Year2.781%-0.065T-Bond145.75+1.03125Dow23857.71-1.43%Nasdaq7008.81-2.93%S&P2612.62-1.73% The Metals: Gold fell $13.70 to $1340.20 in midmorning New York trade before it bounced back higher into the cl...Read More
As I noted yesterday, stocks still have some life in them.Calling the precise top of a bubble is all but impossible. This is particularly true when you have a White House that openly admits it views stocks as a "report card." Rarely does the one being graded have the ability to manipulate the results of his or her "report card." In this case, the White House does.Having said that, my current bluep...Read More
Steel traders in the central region of Russia, around Moscow, have not resumed active purchasing of hot-rolled (HR) and cold-rolled (CR) sheet this week despite a gradual demand improvement in the secondary market, Metal Bulletin has been told."We see some seasonal demand improvement but now we are selling material that was purchased earlier this year, when prices were lower," a trader told Metal...Read More
Full Article: Gold is a Sleeping Giant You Can't Afford to MissBy: Katusa ResearchYesterday, I walked you through the Bitcoin bubble.I showed you why the easy money has already been made and why the technology is still years away from revolutionizing money.I have to be honest though.Full Article: Gold is a Sleeping Giant You Can't Afford to MissBy: Katusa ResearchDisclaimer (C) 2010 Junior Gold...Read More
Canada's Copper Mountain Mining (TSX: CMMC) has obtained shareholder approval for its planned acquisition of Australian junior Altona Mining (ASX:AOH) in a deal worth A$93 million, or about $71m at today's rates.Under the agreement, each Altona share will be exchanged for 0.0974 Copper Mountain shares, which equates to a 41.7% premium based on closing prices at the time of both companies first...Read More
A new phrase has been added to our lexicon of late, and that is what has become known as "fake news." This new phraseology can be aptly applied to that which is presented by our old friends at the GATA (Gold Anti-Trust Action) committee.GATA has been trying to convince all those who are willing to listen that it is not its fault that the metals market dropped from 2011 to 2015 (where silver lost 7...Read More
RBC Capital thinks Dynavax could surge up to 30%The Dow is holding higher this afternoon thanks to a strong move from GE stock. Three other names making notable moves today are drug stocks Esperion Therapeutics Inc (NASDAQ:ESPR), Arrowhead Pharmaceuticals Inc (NASDAQ:ARWR), and Dynavax Technologies Corporation (NASDAQ:DVAX). Here's what's moving shares of ESPR, ARWR, and DVAX. ESPR Stock Jumps On...Read More
GoldWe were anticipating a modest one or two week correction prior to the resumption of the short-term upward trend, but all we got was a two-day pullback. The gold-market correction that appeared to get underway during the first half of last week was cut short by Friday's downside breakout in the Dollar Index.This means that the gold market has stayed short-term "overbought" and is still vulnerab...Read More
NEW YORK (Reuters) - Maziar Hashemi, a naturalized U.S. citizen who lives in Massachusetts, has been told by doctors that his best hope for surviving a rare form of blood cancer is a bone marrow transplant.President Donald Trump’s travel ban could make that impossible.Bone marrow transplants require a close match between donor and recipient. A few months after his diagnosis last September, H...Read More
By Ira EpsteinBig test to see if gold and silver find support on Wednesday.https://www.iraepstein.com/ Read More
As I noted yesterday, stocks still have some life in them.Calling the precise top of a bubble is all but impossible. This is particularly true when you have a White House that openly admits it views stocks as a "report card." Rarely does the one being graded have the ability to manipulate the results of his or her "report card." In this case, the White House does.Having said that, my current bluep...Read More
"California, with its large immigrant communities, would be disproportionately harmed by depressed participation in the 2020 census,"Continue...Read More
China's hot-rolled coil prices recovered some losses on Tuesday March 27 following a rebound in the futures market.DomesticEastern China (Shanghai): 3,730-3,780 yuan ($593-601) per tonne, up 30 yuan per tonneNorthern China (Tianjin): 3,710-3,740 yuan per tonne, up 40 yuan per tonneThe paper market charted a recovery during the day after successive days of decreases, which provided support to the s...Read More