A Monday Morning Musing from Mickey the Mercenary GeologistContact@MercenaryGeologist.comApril 9, 2018 This is no April Fools' joke, folks: Trump's tweets and threats on trade tariffs are treating us to tremendous turmoil in the financial sector. Some investors are visibly nervous given the recent downturn and a doubling of market volatility. However, let's put some levity on the current situa...Read More
The trade wars are coming to Walmart near you, or are they? Another example of the Art of the Deal. There will never be a trade war. This is just pure posturing. So be merry and buy some electronics, everything will be fine. Remember the cycles create the news, not the opposite. When in doubt, count your Bitcoin, or what's left of it anyway. The only thing to fear is bankruptcy, and even that isn'...Read More
SHANGHAI, Apr 9 (SMM) – This is a roundup of global macroeconomic news last week and what is expected today.Last weekThe US dollar closed at 90.12 on Friday April 6, up 0.25% over the week. LME metals fell across the board on Friday except for aluminium, which was up over 3% inventory dropped for the first time in over nine months. Copper edged down close to 1%. Zinc and tin fell over 1...Read More
Brazilian imports of long steel products increased by 6.86% year-on-year in March 2018, with higher shipments from Turkey and South Korea.Imports of non-alloyed long steel products amounted to 20,349 tonnes during the month, against 19,043 tonnes in the corresponding period a year earlier, according to figures released...Read More
NEW YORK (Reuters) - Wall Street led global stocks higher on Monday as the beaten down tech sector rallied, also lifting oil prices, while investors kept an eye on a U.S.-China trade spat.Large-cap U.S. tech companies rose 2.6 percent but are still down more than 7 percent from a record high hit four weeks ago.The United States and China have threatened each other with tens of billions of dollars...Read More
When I played pro hockey in Richmond, Virgina, it was during the era of "Slapshot!" and the Broad Street Bullies when gooning (fighting) was fashionable and an integral part of the sport. Stocking your team with two-or three enforcers meant that the finesse players could sail around the ice doing pirouettes and triple axles and dipsy-doodles without the fear of some 250-lb lumberjack from northern...Read More
The RSX ETF is pacing for its worst day in yearsNew U.S. sanctions against Russia are sinking the VanEck Vectors Russia ETF (RSX), along with several stocks with Russian ties, including internet issue and Uber partner Yandex NV (NASDAQ:YNDX). In addition, the sanctions froze the U.S. assets of Russian aluminum company Rusal, lifting shares of American aluminum producers like Alcoa Corp (NYSE:AA)....Read More
"All of the companies in the Russell 2000 that used to pay 31% corporate tax rate now pay 21%, so the cash flows are going to increase dramatically, not just this quarter, for the next two years." Kevin O'Leary is a Canadian businessman, investor, and television personality. From his basement, he launched SoftKey Software Products and In 1999 Kevin sold his company to the Mattel Toy Company for a...Read More
- Gold outperforming stocks in 2018 and this century (see chart)- Gold up close to 2% in 2018 while S&P 500 is down 2%- Trump trade wars and Kudlow as Trump chief economic advisor is gold bullish- Given gold's performance, Kudlow's dismissal of gold as "end of the world insurance" is "irrational"- Market volatility could drive gold to $1,500/oz in 2018 - HolmesAuthored by Frank Holmes of US Funds...Read More
"But just when silver is universally left for dead, one of its massive uplegs or bull markets suddenly ignites. Some catalyst, typically a major..."by Adam Hamilton of Zeal LLCSilver has been dead money over the past year or so, relentlessly grinding sideways to lower. That weak price action has naturally left this classic alternative investment deeply out of favor. Silver is extremely under...Read More
The recent pullback in BIDU shares looks like an opportunity to go longThe recent global trade tensions have weighed on China-based Baidu Inc (NASDAQ:BIDU), with the shares falling from around $270 to their current perch of $226.56 in less than a month. This pullback could be a buying opportunity, however, based on technical data -- and past BIDU performances. Take a look at the chart below.As you...Read More
Commerzbank figures gold should hold around $1,300 on anypullback since physical demand tends to be encouraged at this level. “On anumber of occasions recently, gold has been seen to respond more to bearishthan to bullish news,” analysts say. “This could signal an upcoming correctionwhich could take the gold price back down towards the $1,300 mark. We do notbelieve the price will...Read More
CIS export rebar and wire rod prices became firmer in the week ended Monday April 9 because the availability of the products, as well as the semi-finished products used to make them, was reduced by recent strong sales.This was despite the continuing downward trend in the global long steel markets, most notably in Turkey and China.The CIS region's major long-steel supplier, ArcelorMittal, was offer...Read More
By Nicholas LePan, GoldSeek.com The town of Oatman, Arizona sits in the middle of region that has a long history of gold mining, having produced ~2 million ounces of gold over its history. Northern Vertex (TSX-V: NEE) is the latest company that has explored, defined a resource, started operations and will be looking for more at its Moss Mine. Goldseek came down for a very special moment in...Read More
"Trump is not going to change - get over it!"Kevin O'Leary is a Canadian businessman, investor, and television personality. From his basement, he launched SoftKey Software Products and In 1999 Kevin sold his company to the Mattel Toy Company for a staggering 3.7 billion dollars, one of the largest deals ever done in the consumer software industry. To keep his money working hard, he took control of...Read More
By Jordan Roy-Byrne CMT, MFTA Readers know that I have beaten this drum all too often. Gold's major fundamental driver is declining or negative real rates. There is a strong inverse correlation because Gold is money. That's what JP Morgan said and he's far more qualified to understand than quotable celebrities like Mark Cuban. But I digress. When real rates are increasing or strongly positive (...Read More
Facebook CEO Mark Zuckerberg is in Washington, D.C., this weekSocial media giant Facebook, Inc. (NASDAQ:FB) and airline concern Boeing Co (NYSE:BA) both experienced pullbacks over the past few weeks, which sparked interest from options traders. What's more, FB and BA made Schaeffer's Senior Quantitative Analyst Rocky White's list of 20 stocks that saw the heaviest weekly options volume during the...Read More
As everyone seems glued to their twitter accounts or their news feeds, the market has been both rallying and fading despite all the negative news of these trade wars that are supposedly going to tank our equity market.I mean, it's not like we began this correction well before trade wars began in earnest. Right? In fact, does any of this surprise you in any way, especially since the President certa...Read More
With the massive spec net short in silver combined with the commercial net long, the coming rally could literally be spectacular. Here's why...by Craig Hemke of TF Metals ReportWith the open interest in Comex silver blowing out to a new alltime high yesterday, we thought it best to discuss again what this indicates and what it doesn't.As of yesterday's Comex close, the total open interest in Comex...Read More
Source: Jack Chan for Streetwise Reports 04/09/2018 Technical analyst Jack Chan updates the gold and silver charts and finds buy signals for both gold and silver. -->Our proprietary cycle indicator is up.Gold sector is on a long-term buy signal. Long-term signals can last for months and years and are more suitable for investors holding for long term.Gold sector is on a short-term buy signal....Read More