By RambusThe HUI along with most of the other PM stock indexes are at a critical point right here and now. Below is a combo chart we've following which has the UUP (The US Dollar Index ETF) on top and the HUI on the bottom. The UUP is building out a potential morphing bullish rising wedge consolidation pattern which would most likely give the PM complex some headwind if the price action breaks...Read More
by Avi Gilburt, ElliottWaveTrader.netFirst published Sun Jul 1 for members of ElliottWaveTrader.net: Dealing with markets is more about psychology than it is about anything else. So, let's begin this weekend's analysis with a discussion of the psychology of the metals market.There has been no trade more frustrating over the last several years than the metals. In fact, if you even remember...Read More
June was hot for the central banks. The Federal Reserve lifted the federal funds rate for the second time this year, while the European Central Bank announced that it would end its bond purchase program by the end of 2018. It would mean another step towards normalization of the crisis-era monetary policy, which would end quantitative easing on both sides of the Atlantic Ocean. What do these impo...Read More
- U.S. China trade war escalates as Russia stockpiles gold on the Keiser Report- Trump's erratic and risky trade policies pose a risk to dollar as reserve currency- China, Russia "getting cosier" with Silk Road and increasing economic cooperation- China and Russia "want to do business outside of the dollar" and "dollar will finally reach its comeuppance"- "No gold ever leaves China ... they ar...Read More
Global steel scrap prices softened in the week ended Friday July 6, amid a fall in demand across most regions. Turkey booked no new deep-sea cargoes and the Indian market was also quiet, while prices on the East Coast of the United States remained flat due to a lack of deals.Bucking the trend, prices in Taiwan edged upward with improved demand, after there being no changes last week.Turkey imports...Read More
Former Congressman Ron Paul joins Larry with his take on Donald Trump, the Russia probe, and warns of a 'secret government' operating in the U.S. Then former Defense Secretary William Cohen on the potential pitfalls in negotiating with North Korea.Dr. Ron Paul is a physician and former twelve-term congressman from Texas who ran for president in 2008. He is the author of eight books, including the...Read More
Eric Sprott returns this week to discuss the growing trade wars, the global economy and the impact these events will have on precious metal prices.Eric Sprott has more than 40 years of experience in the investment industry. In 1981, he founded Sprott Securities (now called Cormark Securities Inc.), which today is one of Canada's largest independently owned securities firms. In 2001, Eric establish...Read More
"Everything is going in a 180 degree direction to what the Federal Reserve said it would do!"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 boo...Read More
Steel slab prices in July will be relatively stable in Brazil thanks to steady fundamentals, and will hold up in Asia despite soft demand, market participants told Metal Bulletin on Friday July 6.But slab prices are expected to rise in the Commonwealth of Independent States (CIS) amid increasing prices for finished flat steel products and an expected reduction in supply.AsiaSoutheast Asia's and Ea...Read More
China's domestic rebar prices were unchanged on Friday July 6 amid the sparse trading. Domestic Eastern China (Shanghai): 3,940-3,980 yuan ($593-600) per tonne, unchanged Northern China (Beijing): 3,870-3,910 yuan per tonne, unchanged Bad weather kept end-user demand weak during the day.Sellers maintained their prices flat on seeing futures strengthen at the end of the morning session, though they...Read More
The smallest dog on the planet - which weighed less than an ounce when born - has been cloned a record-breaking 49 times Continue...Read More
The fake news media continues to target YouTube for allowing independent journalists and bloggers to actually speak the truth. Read More
Abolish the Federal Reserve.Regular readers have heard Doug Casey make this suggestion many times. He's been arguing in favor of this for years.Continue...Read More
Continue...Ray Dalio is an American businessman and founder of the investment firm Bridgewater Associates, one of the world's largest hedge funds. In 2012, Dalio appeared on the annual Time 100 list of the 100 most influential people in the world. In 2011 and 2012 he was listed by Bloomberg Markets as one of the 50 Most Influential people. Institutional Investor's Alpha ranked him No. 2 on their 2...Read More
Topics:1:10 Is democracy dying a slow death in the United States?05:10 The day after the dollar's global demise14:50 Why is the world shunning precious metals?21:10 Trump, baby boomers and millennials taking the economic helmDr. Ron Paul is a physician and former twelve-term congressman from Texas who ran for president in 2008. He is the author of eight books, including the New York Times bestsell...Read More
Whether this is a coordinated response is unclear - and certainly on a much smaller scale - but Bloomberg reports that Russian Prime Minister Continue...Read More
Hillary used a private email because that would not be "discoverable" without a subpoena of her personally. Her fundraising for the Clinton Foundation Continue...Read More
Key data from the pricing session in the week ending Friday July 6. China Most of the ferro-chrome smelters in Inner Mongolia that were idled have restarted, which weighed on Chinese ferro-chrome prices. Increased domestic supply subdued demand for imported charge...Read More
Chip samples revealed gold at grades up to 39.2 grams per ton. Through mapping and surface sampling, Palamina Corp. Palamina Corp. (PA:TSX.V; PLMNF:OTC.MKTS) found a large-scale zone of anomalous gold mineralization in the Veta area, one of the highest priority targets, of its Coasa gold project in southeastern Peru's Puno orogenic belt. This newly identified zone is 300 by 400 meters wide, open...Read More
Tuesday'sunsuccessful attempt to break above upper borders of the rising trend channelscost oil bulls more than many buyers expected. Their weakness was quicklydetected by therivals, who took control during yesterday's session. The effectsof their attackare seen not only on the crude oil charts, because they alsoaffected the pronunciation of our next interesting ratio. Is it possible thatthe relat...Read More