By Gary SavageThis video looks at the strong possibility that gold has completed a half cycle low and is ready to continue higher.https://blog.smartmoneytrackerpremium.com/ Read More
Alasdair Macleod shares his well reasoned expectations for the direction of markets as well as GDP and Main Street in 2018 based on the credit cycle.Alasdair Macleod is head of research for GoldMoney. He also runs FinanceAndEconomics.org, a website dedicated to sound money and demystifying finance and economics. He has a background as a stockbroker, banker and economist. Read More
SEOUL (Reuters) - U.S. President Donald Trump told his South Korean counterpart Moon Jae-in he is open to talking with North Korea, the South's presidential office said on Wednesday after they had spoken by telephone.A day after North and South Korea held their first talks in more than two years, Trump said there would be no military action while talks are ongoing, the Blue House said in a stateme...Read More
By Steve St. AngeloSome nasty dark clouds are forming on the financial horizon as total world debt is increasing nearly three times as fast as total global wealth. But, that's okay because no one cares about the debt, only the assets matter nowadays. You see, as long as debts are someone else's problem, we can add as much debt as we like... or so the market believes.Now, you don't have to...Read More
Billionaire investor Warren Buffet says cryptocurrencies are headed for trouble.Photo credit: FlickrRead More
The precious metals sector moved higher in the first days of this year, but based on yesterday's decline and the current price levels, 2018 is already a down year for silver and mining stocks. Gold is almost flat. This is a subtle clue that the rally may have already ran its course. The confirmation comes from what happened yesterday. Miners continued their decline, invalidating the previous bre...Read More
Bloomberg article discussing China's new US debt strategy: https://www.bloomberg.com/news/articles/2018-01-10...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;...Read More
The Turkish deep-sea scrap market went quiet on Wednesday January 10, with the mills in the country trying to put downward pressure on prices.But while mills were trying to reduce scrap prices, suppliers remained firm because the heavy winter conditions increased their costs, sources said."The mills went quiet, waiting for a supplier who is in hurry to sell. Five or six Baltic Sea suppliers...Read More
VANCOUVER, B.C., Jan. 10, 2018 (GLOBE NEWSWIRE) -- Golden Arrow Resources Corporation (GRG.V) (GAC.F) (GARWF), "Golden Arrow" or the "Company") announces that the Company has made an application to the TSX Venture Exchange to extend the term of the outstanding warrants as follows:4,510,000 warrants that set to expire on January 28, 2018 to be extended to January 28, 2019. These warrants were ori...Read More
SEOUL (Reuters) - South Korean President Moon Jae-in credited U.S. President Donald Trump on Wednesday for helping to spark the first inter-Korean talks in more than two years, and warned that Pyongyang would face stronger sanctions if provocations continued.The talks were held on Tuesday on the South Korean side of the demilitarized zone, which has divided the two Koreas since 1953, after a prolo...Read More
Robert says there are three kids of money: God's money, government money, and people's money. Find out what the value of each of these monies is, and more importantly, how to use each money to build wealth. In this episode, you will hear why a penny saved is not a penny earned.Harry Dent is a Fortune 100 consultant, new venture investor, noted speaker, bestselling author, and the founder and senio...Read More
By RambusTMV is a 3 X short the TLT 20 year treasure bond etf. This trade is based on the TLT. For well over three years now the TLT has been building out what looks like a massive H&S top with the top of the right shoulder now in play. I'm going to take an initial position and buy 250 shares of TMV, 3 X short the TLT, and buy 250 shares at the market at 18.83 with the sell/stop on a daily close...Read More
- Gold at all time in eight major emerging market currencies- A stronger performance than seen when priced in USD, EUR or GBP- As world steps away from US dollar hegemony expect new gold highs in $, EUR and ?- Gold is a hedge against currency debasement and depreciation of fiat currenciesEditor: Mark O'ByrneSource: allstarcharts.com h/t @DominicFrisbyWhen we talk about the gold price we all...Read More
Iron ore prices experienced a slight dip but managed to stay above $78 per tonne cfr China on Wednesday January 10 amid uncertainties resulting from a forecast cyclone in Australia.Metal Bulletin's 62% Fe Iron Ore Index Today: $78.31 per tonne cfr QingdaoDaily change: down by $0.16 per tonneMonth-to-date average: $76.79 per tonneMetal Bulletin's 58% Fe Premium Index Today: $62.71 per tonne cfr Qin...Read More
WASHINGTON (Reuters) - The Federal Reserve Bank of Minneapolis on Wednesday called for U.S. regulators to raise capital requirements for the largest U.S. banks, saying they are still ‘too big to fail’ despite a slew of reforms introduced following the 2008 financial crisis.The academic study estimates there is still a 67 percent chance of a tax-payer funded bail out over the next 100 y...Read More
By Ira EpsteinStrong US Dollar and rising interest rates pressure gold lower.https://www.iraepstein.com/ Read More
Seaborne iron ore prices retreated for the first time this year on Wednesday January 10 amid uncertainties over whether a forecast cyclone in Australia could result in supply disruptions.Key driversChina's ferrous futures retreated in the afternoon after trending upward in the morning. The benchmark iron ore contract ended slightly lower than a day earlier.A tender for a seaborne cargo of Pilbara...Read More
LONDON (Reuters) - Crude oil prices hit new multi-year highs on Wednesday as OPEC-led production cuts and healthy demand helped to balance the market, but analysts warned of possible overheating.A broad, global market rally, including stocks, has also been fuelling investment into crude oil futures. [MKTS/GLOB]U.S. West Texas Intermediate (WTI) crude futures CLc1 were at $63.60 a barrel, up 64 cen...Read More
Purchasing activity in the Iranian export semi-finished steel market was delayed in the week ended Wednesday January 10 because customers wanted to wait and see the market trend become clearer after the year-end holidays.Metal Bulletin's newly launched weekly assessment of the Iranian export billet price was $510-520 per tonne fob on January 10.Esfahan Steel, the country's sole blast oxygen furnac...Read More
LONDON (Reuters) - The U.S. dollar slumped on Wednesday after a report that China was ready to slow or halt its U.S. treasury purchases, with the greenback posting its biggest single-day drop against the Japanese yen in nearly eight months.Officials reviewing China’s foreign-exchange holdings have recommended slowing or halting purchases of U.S. Treasuries, Bloomberg News reported, citing pe...Read More