CloseGain/LossGold $1341.90+$16.00Silver$16.60+$0.26XAU82.01+1.10%HUI177.73+1.32%GDM618.75+1.06%JSE Gold1127.39-3.86USD90.01-0.05Euro123.05+0.01Yen94.51+0.46Oil$63.01$1.9310-Year2.741%-0.001T-Bond146.53125-0.09375Dow23644.19-1.90%Nasdaq6870.12-2.74%S&P2581.88-2.23% The Metals: Gold gained $18.80 to $1344.70 in early afternoon New York trade before it edged back lower into...Read More
We’re facing an imminent crisis in global lithiummarkets. Demand is growing exponentially,and lithium consumers are facing a 100,000-ton shortfall by 2025. Traditional lithium brine projects take too longto put into production. At up to 48 months, they won’t be able to close thesupply gap on their own. The industry is turning to high grade, hard rocklithium pegmatite deposits. That&rsq...Read More
Bloomberg reported Apple will use its own chips in Macs by 2020The U.S. stock market is spiraling at the start of the second quarter, as the tech rout intensifies. Among stocks making notable moves are blue-chip chipmaker Intel Corporation (NASDAQ:INTC), retailer Wayfair Inc (NYSE:W), and cancer treatment specialist Sellas Life Sciences Group Inc (NASDAQ:SLS). Here's a quick look at how shares of...Read More
Despite the fact that, through the enactment of new laws and regulations, local governments in Sub-Saharan Africa are starting to claim a larger share of their countries' mineral resource wealth, BMI Research believes that investments in the region will continue to rise in Q3-2018.In an industry overview published today, BMI presents the recent changes to the Democratic Republic of Congo's mining...Read More
NEW YORK (Reuters) - U.S. stocks tumbled on Monday, weighed down by Amazon.com after U.S. President Donald Trump again attacked the online retailer, while the dollar slid as China raised tariffs on U.S. products in an escalating spat between the world’s two biggest economies.China bumped tariffs by up to 25 percent on 128 U.S. products, from frozen pork and wine to certain fruits and nuts, i...Read More
By Dave KranzlerThere is plenty of dysfunction in plain sight to suggest that the financial markets can't bear the strain of unreality anymore. Between the burgeoning trade wars and the adoption in congress this week of a fiscally suicidal spending bill, you'd want to put your fingers in your ears to not be deafened by the roar of markets tumbling - James Kuntsler, "The Unspooling"Many of you ha...Read More
David Stockman appears on "Mornings with Maria" (Fox Business Network, March 29th, 2018)David Stockman is a former Republican congressman from Michigan and was President Reagan's budget director from 1981 to 1985. After leaving the White House, Stockman became a managing director at Salomon Brothers, and he later founded a private equity fund. David is the founder of David Stockman's Contra Corner...Read More
Technical analyst Clive Maund takes a close look at the COT reports to see what they mean for silver and gold.It is understood that precious metals investors are getting fed up with the action in the sector, as gold and silver backed off sharply yet again from resistance last Wednesday, yet this is nothing to be concerned about as both remain well above recent support levels. We know that COTs for...Read More
China's ferrous futures decreased during morning trading on Monday April 2, losing the gains made during last Friday night's trading session.Futures closing prices - morning session Shanghai Futures Exchange October rebar: 3,366 ($536) per tonne, down 61 yuan per tonne May hot-rolled coil: 3,707 yuan per tonne, down 37 yuan per tonne Dalian Commodity Exchange May iron ore: 445 yuan per tonne, down...Read More
The Fed is lying about inflation.How do I know?Because several of the Fed's OWN in-house inflation measures are roaring.The New York Fed's UIG inflation measure is currently clocking in at 3.06%.The Atlanta Fed's "sticky" inflation measure is growing at an annualized rate of 2.2%.Even the Fed's heavily massaged Personal Consumption Expenditures (PCE) metric is growing at 1.8% on an annualized basi...Read More
- UK high street and wider consumer market feeling effects of financial crisis, Brexit and inflation- 350,000 retails jobs expected to disappear between 2016 and 2020- Centre for Retail Research predicts 9,500 shops to close this year and 10,200 in 2019- UK is 'worst performing' European market for new car registrations - Moody's- UK's growth outlook is the 'worst in the G20' - Institute of Fisc...Read More
The stock has pulled back since touching a record high in JanuaryChinese e-commerce concern Alibaba Group Holding Ltd (NYSE:BABA) has struggled to build off of a rip-roaring 2017 which saw the stock nearly double in value. The company is in the news today after buying up the remaining shares of Chinese food delivery app Ele.me. Although BABA stock is currently down 3.8% to trade at $176.54 amid...Read More
A Mongolian former finance minister, Bayartsogt Sangajav, has been arrested as part of an investigation into suspected abuse of power during investment talks for the giant Oyu Tolgoi copper mine in 2009, the anti-corruption agency said on Monday.Mongolia's Independent Authority Against Corruption told a media briefing that Bayartsogt was detained on Sunday.The Swiss Office of the Attorney General...Read More
Last Monday, the Shanghai International Energy Exchange launched the first futures contract for crude oil priced in Chinese yuan. It's a major step forward in the process of international de-dollarization. Now Chinese and other international traders can buy and sell the world's most important commodity in a liquid market without using U.S. dollars.The "petro dollar" now faces the prospect of bei...Read More
CloseGain/LossGold $1341.90+$16.00Silver$16.60+$0.26XAU82.01+1.10%HUI177.73+1.32%GDM618.75+1.06%JSE Gold1127.39-3.86USD90.01-0.05Euro123.05+0.01Yen94.51+0.46Oil$63.01$1.9310-Year2.741%-0.001T-Bond146.53125-0.09375Dow23644.19-1.90%Nasdaq6870.12-2.74%S&P2581.88-2.23% The Metals: Gold gained $18.80 to $1344.70 in early afternoon New York trade before it edged back lower into...Read More
By Graham Summers The Fed is lying about inflation. How do I know? Because several of the Fed's OWN in-house inflation measures are roaring.The New York Fed's UIG inflation measure is currently clocking in at 3.06%.The Atlanta Fed's "sticky" inflation measure is growing at an annualized rate of 2.2%.Even the Fed's heavily massaged Personal Consumption Expenditures (PCE) metric is growing at 1...Read More
Weary of stagnant metals and ready for the pending wealth transfer? Silver and gold guru David Morgan returns to Reluctant Preppers to report that he sees a significant change in equity markets, bond markets, and coming this year in precious metals..David Morgan is a world-renown precious metals aficionado. He is the creator of the Silver-Investor.com website and The Morgan Report, a monthly repor...Read More
CloseGain/LossGold $1341.90+$16.00Silver$16.60+$0.26XAU82.01+1.10%HUI177.73+1.32%GDM618.75+1.06%JSE Gold1127.39-3.86USD90.01-0.05Euro123.05+0.01Yen94.51+0.46Oil$63.01$1.9310-Year2.741%-0.001T-Bond146.53125-0.09375Dow23644.19-1.90%Nasdaq6870.12-2.74%S&P2581.88-2.23% The Metals: Gold gained $18.80 to $1344.70 in early afternoon New York trade before it edged back lower into...Read More
WASHINGTON (Reuters) - U.S. construction spending rose less than expected in February amid a steep decline in investment in public construction projects.The Commerce Department said on Monday construction spending edged up 0.1 percent after being unchanged in January.Economists polled by Reuters had forecast construction spending accelerating 0.5 percent in February. Construction spending increase...Read More
Dear Reader,If you're looking for answers as to why the US financial system is the way it is... or have questions about what's coming down the pike in the financial markets, pick up a copy of our bestselling book The Everything Bubble: The End Game For Central Bank Policy on KINDLE today.If you've yet to pick up a copy, grab one now. You'll immediately know more about how the financial system work...Read More