Via SovereignMan.comMay 6, 2010 started off as a pretty boring day.The most exciting stories from the morning's newspapers were reviews of the upcoming Iron Man 2 film.But all that changed at around 2:45pm when, without warning, the stock market crashed, and the Dow Jones Industrial Average dropped 1,000 points within minutes.It was unprecedented... especially because there was absolutely no reaso...Read More
The upcoming Lunar New Year period is expected to dampen demand for steel in Asia, although the extent to which it does so continues to depend on the ongoing winter production cuts in China that are scheduled to last until mid-March this year.The Lunar New Year festival is celebrated in many Asian countries including South Korea, Singapore, Malaysia, Taiwan and Vietnam, which typically declare sho...Read More
Fundamental DevelopmentsIn this New Year's holiday shortened week, the price of gold moved up again, another $16 and silver another 29 cents. Or we should rather say the dollar moved down 0.03mg gold and 0.03 grams silver. It will make those who borrow to short the dollar happy... Let's take a look at the only true picture of the supply and demand fundamentals for the metals. But first, here are...Read More
China's ferrous futures remained in positive territoryat lunchtime close on Tuesday January 9 despite being flat or slightly lower from their opening prices, after the Chinese government announcement of stricter rules on new steel capacity released had led to a spike in futures on Monday afternoon.Futures closing prices - morning session Shanghai Futures Exchange May rebar: 3,821 ($588) per tonne,...Read More
(Kitco News) - Gold and silver prices are weaker in early U.S. trading Tuesday. A rebound in theU.S. dollar index early this week is providing downside price pressure on thegold and silver markets. Some normal profit-taking and chart consolidation arealso featured after gold prices hit a 3.5-month high last week. February Comex gold was last down $5.50 an ounce at $1,314.90. March Comex silver was...Read More
The latest news and price moves to start the Asian day on Wednesday January 10.Base metals prices on the London Metal Exchange were mostly lower at the close on Tuesday January 9, with only nickel trading in positive territory. Read more in our live futures report.Here are how prices looked at the end of the day on Tuesday.Comex copper prices weakened during morning trading in the United Stat...Read More
CloseGain/LossGold $1314.00-$6.00Silver$17.00-$0.12XAU84.95-1.55%HUI192.30-1.33%GDM647.49-1.30%JSE Gold1286.67-32.45USD92.51+0.17Euro119.39-0.28Yen88.88+0.41Oil$62.96+$1.2310-Year2.548%+0.069T-Bond150.21875-1.50Dow25385.80+0.41%Nasdaq7163.58+0.09%S&P2751.29+0.13% The Metals: Gold fell $11 to $1309 in midmorning New York trade before it bounced back higher into the close, but it still ended...Read More
By Jordan Roy-Byrne CMT, MFTA The rally in Gold and gold mining stocks easily surpassed our expectations and targets. The strength has been far more than we anticipated. The gold stocks blew past their 200-day moving averages while Gold blew past $1300/oz. Now it is time to take a technical look and focus on the key support and resistance targets. The strength of the rebound pushed the miners...Read More
Graceland Updates By Stewart Thomson 1. I told subscribers to expect $1320 to function as a headwind for gold on this rally, and that's happening right on schedule. To understand the nature of this headwind, please click here now. Double-click to enlarge this important weekly gold chart.2. Note that the two biggest volume bars both occurred as key events in India occurred. It...Read More
By Clint SiegnerGold and silver premiums have been following the demand for physical metal lower in recent months. As investor selling ticked up, popular bullion products poured back into dealer inventories. The result has been some of the lowest premiums we've seen in a decade for items like gold and silver American Eagles.The "premium" is the amount over the market price for gold or silver com...Read More
The steel industries in Europe and Turkey will continue to grapple with elevated costs for graphite electrodes in 2018 despite some easing of prices in recent months.Graphite electrode prices reached $22,000-40,000 per tonne cfr Turkey in 2017, compared with $2,000 per tonne cfr Turkey in 2016, according to market sources.This massive price rise has had significant consequences for the steel indus...Read More
Gregory Mannarino started his financial career working for the securities and trading arm of the now defunct Bear Stearns before the dot-com bubble. He is an active trader of the capital markets and has published several books pertaining to finance, global economics, and equity trading; His most recent book is titled Ultimate Guide To Money and The Markets (free ebook). Gregory currently hosts a b...Read More
By Gary SavageJoin me in a look at the long term trends that are currently reversing in gold, silver, dollar, euro and the yen.https://blog.smartmoneytrackerpremium.com/ Read More
Fund Manager David Kranzler tells Silver Doctors the economy is headed for collapse.Kranzler sees a major red flag in the stock market. Bullish sentiment of investors is extremely high. Historically, this signals a market top. Also, he explains why sub-prime auto loans are headed for collapse.As for the precious metal markets, gold and silver have risen for a month, and Kranzler says we are headed...Read More
TECHNICAL SCOOPCharts and commentary by David ChapmanPhone: 416-523-5454 Email: david@davidchapman.comTwitter: @Davcha12January 8, 2018 "I would say Happy New Year but it's not happy; it's exactly the same as last year except colder." Robert ClarkWelcome to 2018. So far it looks the same as 2017. The President of the United States ended the old year and began the one with a barrage of tweets,...Read More
Catherine talks about her own breakaway from the corrupted system, and her work now at www.solari.com where she is helping people to understand our system, and move towards a more symbiotic one, based on empathy, morals, truth and co operation.Catherine Austin Fitts is a former Wall Street investment banker, macroeconomic expert and publisher of The Solari Report https://solari.com/.Read More
* Yen hits five-day high after BoJ trims buying in long-dated JGBs* Euro below $1.20 on profit-taking after record long positions* Dollar index hits 11-day high* Graphic: World FX rates in 2017 By Jemima KellyLONDON, Jan 9 (Reuters) - The yen reached a five-day high on Tuesday, after the Bank of Japan trimmed its purchases of long-dated government bonds in market operations, stoking speculation th...Read More
John Rubino is the founder and manager of the popular financial website DollarCollapse.com. Mr. Rubino is the co-author, with GoldMoney's James Turk, of The Money Bubble and The Collapse of the Dollar and How to Profit from It. He spent the 1980's on Wall Street as a Eurodollar trader, equity analyst and junk bond analyst. During the 1990's he was a featured columnist with TheStreet.com and a freq...Read More
The World is $233 Trillion In Debt: It's Time to Rebalance To Gold- Record level global debt level hit $233 trillion in Q3 2017- World's per capita debt now more than $30,000- UK personal debts climbed to the highest level since credit crunch, reaching more than ?200bn- US consumer credit highest jump in 2 years by 8.8% in November to $3.83 trillion- BofE warn UK banks could incur ?30bn of losse...Read More
Dutch wire products supplier Van Merksteijn is to build a mesh-quality wire rod mill with capacity for 800,000 tonnes per year at the seaport of Eemshaven in the north of the Netherlands, the company confirmed to Metal Bulletin on Tuesday January 9.The company hopes to start production at the mill in 2020, and is expected to use scrap-based electric-arc furnace (EAF) technology."The capacity we're...Read More