Zambia's Finance Ministry said on Sunday that it was open to dialogue with mining companies over the government's plans to increase mining taxes.Africa's second-largest copper producer said late last month that it would introduce new mining duties and increase royalties to help bring down mounting debt.Large miners such as First Quantum, Glencore and Vedanta Resources have often criticised the Zam...Read More
Zambia's Finance Ministry said on Sunday that it was open to dialogue with mining companies over the government's plans to increase mining taxes.Africa's second-largest copper producer said late last month that it would introduce new mining duties and increase royalties to help bring down mounting debt.Large miners such as First Quantum, Glencore and Vedanta Resources have often criticised the Zam...Read More
Stop picking losers with this strategy used by the richest investors.Forget P/E ratios and earnings per share...Forget the advice to "buy what you know" (no matter what Warren Buffett says)...Forget everything you think you know about picking stocks...The world's richest investors don't pay attention to any of that stuff. They know none of those factors impact the direction a stock's price is abou...Read More
A simple way to stop picking losers, and start cashing in like Wall Street's elite.Most traders would never believe that 9 out of 10 trades could be winners.But while it may sound impossible, thanks to a research breakthrough, it may not be as far-fetched as many think.JPMorgan's trading desk produced a 99.52% win rate from 2013 through 2017. That includes 2 straight years without a losing day....Read More
By Ed Steer06 October 2018 -- SaturdayYESTERDAY in GOLD, SILVER, PLATINUM and PALLADIUMThe gold price chopped sideways to down a bit in Far East and very early London trading -- and the low tick, such as it was, came a few minutes after the London open. From the point, it began to head unsteadily higher, but obviously ran into 'something' at, or shortly after, the morning gold fix in London....Read More
By John MauldinNothing to FearWhat is a Trade Deficit?Trading MathCreating CrisisIntensified ConflictToronto and FrankfurtI have to confess something: I run a huge trade deficit. It's not with China or Mexico, but with Amazon. I buy all sorts of goods from them and Jeff Bezos has yet to spend a penny with me. It's just not fair.Sound ridiculous? That's exactly what it is. Totally absurd. I like...Read More
By RambusSeveral weeks ago we looked at some resistance points for gold and silver from the short to the longer term time perspective. Below is a daily chart for gold which starts with the 2018 five point rectangle reversal pattern which broke down in May. The backtest to the underside of the five point rectangle took about five weeks to complete, forming a bearish rising wedge. From that poin...Read More
By Gordon T Long and Charles Hugh SmithKEY MESSAGES 1.QE and developed economies' central bank policies of easy money have distorted and corrupted the global supply chain. 2.The inevitable outcome was clearly evident in 2013-2015 but effectively ignored by the corporate global supply chain players in an Emerging Market race to capture economic growth. 3.Corporate debt loads are the central pr...Read More
"How did you go bankrupt?""Two ways. Gradually, then suddenly."?EURo Ernest Hemingway, The Sun Also RisesOn the surface, nothing much changed last week. The Fed, as expected, raised short-term interest rates very modestly, the US, Canada and Mexico cut a new NAFTA deal (kind of a pleasant surprise), unemployment fell again, Trump continued to tweet while Democrats and Republicans continued to ex...Read More
By Nathan McDonaldTime flies when your having fun printing copious amounts of fiat paper money out of thin air. It seems like just yesterday, in which the World was nervously biting their nails, as they watched the Greece credit crisis unfold, with one disaster after the other following in rapid succession. Riots raged in the streets and Greece was on the verge of anarchy. It was during this tim...Read More
By David MorganGoldman Sachs startup Circle, the Boston-based crypto finance company, has gone live with its stable coin called the US Dollar Coin, or USDC.This is the first cryptocurrency released by a major financial institution.In order to avoid instability and inflation inherent to other unregulated cryptocurrencies, the value of the USDC will be tied to the dollar. Does this mean the FED al...Read More
By Ed Steer06 October 2018 -- SaturdayYESTERDAY in GOLD, SILVER, PLATINUM and PALLADIUMThe gold price chopped sideways to down a bit in Far East and very early London trading -- and the low tick, such as it was, came a few minutes after the London open. From the point, it began to head unsteadily higher, but obviously ran into 'something' at, or shortly after, the morning gold fix in London....Read More
By John MauldinNothing to FearWhat is a Trade Deficit?Trading MathCreating CrisisIntensified ConflictToronto and FrankfurtI have to confess something: I run a huge trade deficit. It's not with China or Mexico, but with Amazon. I buy all sorts of goods from them and Jeff Bezos has yet to spend a penny with me. It's just not fair.Sound ridiculous? That's exactly what it is. Totally absurd. I like...Read More
By RambusSeveral weeks ago we looked at some resistance points for gold and silver from the short to the longer term time perspective. Below is a daily chart for gold which starts with the 2018 five point rectangle reversal pattern which broke down in May. The backtest to the underside of the five point rectangle took about five weeks to complete, forming a bearish rising wedge. From that poin...Read More
By Gordon T Long and Charles Hugh SmithKEY MESSAGES 1.QE and developed economies' central bank policies of easy money have distorted and corrupted the global supply chain. 2.The inevitable outcome was clearly evident in 2013-2015 but effectively ignored by the corporate global supply chain players in an Emerging Market race to capture economic growth. 3.Corporate debt loads are the central pr...Read More
"How did you go bankrupt?""Two ways. Gradually, then suddenly."?EURo Ernest Hemingway, The Sun Also RisesOn the surface, nothing much changed last week. The Fed, as expected, raised short-term interest rates very modestly, the US, Canada and Mexico cut a new NAFTA deal (kind of a pleasant surprise), unemployment fell again, Trump continued to tweet while Democrats and Republicans continued to ex...Read More
By Nathan McDonaldTime flies when your having fun printing copious amounts of fiat paper money out of thin air. It seems like just yesterday, in which the World was nervously biting their nails, as they watched the Greece credit crisis unfold, with one disaster after the other following in rapid succession. Riots raged in the streets and Greece was on the verge of anarchy. It was during this tim...Read More
By David MorganGoldman Sachs startup Circle, the Boston-based crypto finance company, has gone live with its stable coin called the US Dollar Coin, or USDC.This is the first cryptocurrency released by a major financial institution.In order to avoid instability and inflation inherent to other unregulated cryptocurrencies, the value of the USDC will be tied to the dollar. Does this mean the FED al...Read More
Demand for flat steel in Turkey was expected to remain slow throughout October, but prices were not expected to fall because they did so in September, and export demand was now strong, market participants told Fastmarkets on Wednesday October 3.Local producers have filled their order books until November, they said.The price falls in September were in part a result of the Turkish lira losing a sig...Read More