Japan's Kobe Steel plans to increase its automotive steel production to meet growing demand for such steel, and is targeting to a February 2021 start-up for a 240,000-tonnes-per-year continuous annealing line for steel sheet at its Kakogawa Works.The move is prompted by expectations of growing demand for high-strength and lightweight car bodies."Rising demand for automotive high-strength steel and...Read More
The Mint Corporation's (TSXV:MIT) mobile wallet is set to be launched in April and increased revenue per cardholder is expected from its mobile wallet servicesUbika Research has released an analyst note on The Mint Corporation (TSXV:MIT), a globally-certified payments company headquartered in Toronto, Canada, with their primary business in Dubai, United Arab Emirates (UAE). Mint's mobile wallet is...Read More
LatestPrice – $1340.20Pattern – price looks to have been consolidating these pastfew months and as price rose into this consolidation pattern it should leavethe same way – up. Breaking below the low of this consolidation phase at $1303could be one area to place stops.BollingerBands – price found support three separate times at the lower band. I doubtthere will be a fourth t...Read More
The big questions being tossed around Wall Street today are: why are markets such a mess? Why are we getting these wild swings?The reality is that the markets are NOT a mess. These are actually normal healthy markets. Healthy markets move, sometimes a lot in a small span of time.The real issue is that from '09 until recently, the market was completely artificial because Central Banks cornered ALL...Read More
Bullish options prices have imploded during FB's recent pullbackThe tech sector is helping to power the U.S. equities market to another day of big gains, and FAANG stocks -- Alphabet (GOOGL) notwithstanding -- are trading notably higher. Facebook, Inc. (NASDAQ:FB) and Amazon.com, Inc. (NASDAQ:AMZN) have been two of the higher-profile names in this group in recent weeks, and the shares are swinging...Read More
ISTANBUL, April 5 (Reuters) - Koza Ltd, whose founder had to abandon his Turkish gold assets, is expanding its operations in Britain with a $1 million programme to drill for gold in Ayrshire, Scotland, together with a venture partner, the company said on Thursday.Founder Akin Ipek built a multi-billion-dollar fortune in Turkey based on gold mining, but left the country in 2015 after relations betw...Read More
By Ryan WildayWhile we still await the crypto bottom, I want to start this week's article off with a personal narrative. I owe my current working life to ethereum.In 2016, I was a practicing design strategist for Samsung while trading as a hobby. In fact, I had already been trading for two decades when I decided to continue my study of the market by learning Elliott Wave Theory. Soon after that,...Read More
We have been here before - twice. The first time was in the late 1920s, which led to the dollar's devaluation in 1934. And the second was 1966-68, which led to the collapse of the Bretton Woods System. Even though gold is now officially excluded from the monetary system, it does not save the dollar from a third collapse and will still be its yardstick.This article explains why another collapse is...Read More
WASHINGTON (Reuters) - The U.S. Commerce Department said on Thursday it had made a final determination that tool chests made in China and Vietnam were being dumped in the U.S. market, and it announced import duties on the products ranging up to 327 percent.The department said tool chests manufactured by the Tongrun Single Entity in China would face duties of 97 percent, while imports from other Ch...Read More
CloseGain/LossGold $1326.30-$7.10Silver$16.39+$0.08XAU81.47+0.77%HUI176.34+0.66%GDM612.19+0.36%JSE Gold1085.57-7.48USD90.48+0.35Euro122.38-0.48Yen93.10-0.57Oil$63.54+$0.1710-Year2.836%+0.030T-Bond144.84375-0.875Dow24505.22+0.99%Nasdaq7076.55+0.46%S&P2662.84+0.69% The Metals: Gold fell $10.60 to $1322.80 at about 9:30AM EST before it bounced back higher into the close, but...Read More
CloseGain/LossGold $1326.30-$7.10Silver$16.39+$0.08XAU81.47+0.77%HUI176.34+0.66%GDM612.19+0.36%JSE Gold1085.57-7.48USD90.48+0.35Euro122.38-0.48Yen93.10-0.57Oil$63.54+$0.1710-Year2.836%+0.030T-Bond144.84375-0.875Dow24505.22+0.99%Nasdaq7076.55+0.46%S&P2662.84+0.69% The Metals: Gold fell $10.60 to $1322.80 at about 9:30AM EST before it bounced back higher into the close, but...Read More
By Keith WeinerThe dollar is failing. Millions of people can see at least some of the major signs, such as the collapse of interest rates, record high number of people not counted in the workforce, and debt rising from already-unpayable levels at an accelerating rate.I am going to share a little bit about myself and my personal motivation. I want to help fix this problem. The alternative, if it'...Read More
Zimbabwe wants mining firms to list on the local bourse as part of efforts under new president Emmerson Mnangagwa to boost investment and local ownership of its vast mineral resources, a new bill before parliament showed.Mnangagwa, who took power in November when the military ousted Robert Mugabe after nearly four decades, has vowed to revitalise the economy and unlock investment in the mining sec...Read More
The stock could be headed back toward record highs soon, if history repeatsAfter adding 154% in 2017, Square Inc (NYSE:SQ) stock has continued this torrid pace in 2018, adding 38% year-to-date to trade at $47.83. Toward the end of March, however,the software stock lost steam, and is pacing for a third straight weekly losses. If history is any guide, though, it could be time to bet on the payment p...Read More
The big questions being tossed around Wall Street today are: why are markets such a mess? Why are we getting these wild swings?The reality is that the markets are NOT a mess. These are actually normal healthy markets. Healthy markets move, sometimes a lot in a small span of time.The real issue is that from '09 until recently, the market was completely artificial because Central Banks cornered ALL...Read More
Full Article: Gold: Is It Different This Time?By: Maison Placements CanadaAs if the world economy isn't fragile enough, it appears that we are on the brink of a trade and currency war, compounded by a protectionist reversal of globalisation that could sink the dollar which already has lost its traditional safe haven appeal. As the United States inflames relations with China and Japan, it risks a...Read More
The dollar is failing. Millions of people can see at least some of the major signs, such as the collapse of interest rates, record high number of people not counted in the workforce, and debt rising from already-unpayable levels at an accelerating rate.I am going to share a little bit about myself and my personal motivation. I want to help fix this problem. The alternative, if it's not fixed, will...Read More
Google recently announced the launch of a new product, the Google News Initiative, to combat misinformation. The program will likely suppress the work of alternative news outlets, making it less about stopping misinformation and more about controlling information altogether. The Resident discusses. Follow The Resident at http://www.twitter.com/TheResidentRead More
WASHINGTON (Reuters) - U.S. President Donald Trump called the Washington Post the “chief lobbyist” for Amazon.com Inc on Thursday, repeating his unsubstantiated attack on the newspaper.The newspaper is privately owned by Jeff Bezos, the founder and chief executive officer of the online retailer. Amazon does not own the Post.Trump regularly lashes out against what he perceives as criti...Read More