By Ryan WildayThose key levels were $7075 and $505, the May 28 lows.And, while it did bring bitcoin down hard, we've seen very little decline in ethereum. I had suggested in previous writings and on my Korelin Report discussions that we've seen some fledgling signs of decoupling in some alt coins from bitcoin movements since April. This is further evidence.Not only did bitcoin break $7075 but pl...Read More

By Keith WeinerA gold bond is debt obligation that is denominated in gold, with interest and principal paid in gold. As I will explain below, it's a way for the issuer to pay off its debt in full, and there are other advantages.Sometimes, I find that it's helpful to show a picture of what I'm talking about. At the Harvard Club in New York, an old gold bond is hanging on the wall among other memo...Read More

By Jordan Roy-Byrne CMT, MFTA We do not focus too much on the US dollar because in the big picture Gold usually leads movements in the dollar. As it pertains to the present, Gold's failure to breakout (while the dollar made two new lows since the summer 2016 peak in Gold) implies that the dollar, at worst is not going much lower anytime soon. At best, it could signal that the dollar's bull mark...Read More

In yesterday's intraday Alert, we explained why the short-term outlook for the precious metals changed from bearish to neutral and we took profits from our short positions. It was not just the fact that the price targets were reached for gold and silver. The key to the change in the outlook was seeing the confirmations from gold's performance relative to the USD Index and from the mining stocks'...Read More

Being huge, consequential and technologically advanced, China isn't normally lumped into the "emerging" category with Brazil and Argentina. To most observers they've already left the kids table and are now seated with the developed-world adults. But that might be premature. A big part of China's economic ascendance was purchased with borrowed money - including a lot of US dollars - and came at t...Read More

- London house prices down 1.9 per cent in Q2 (yoy)- London house prices still 50% above 2007 bubble peak (see chart)- Brexit and weak consumer confidence to blame say experts- Little sign that U.K. property "weakness" is likely to change- London property bubble appears to be burstingFrom Bloomberg:U.K. house-price growth has slowed to the weakest pace in five years, while London values are...Read More

China's ferrous futures largely trended downward during morning trading on Wednesday June 27 on weaker sentiment, dampening trading activity in the spot market. Uncertainty over China's monetary policy adjustments and a brewing global trade war were among the factors weighing on sentiment.Futures closing prices - morning session Shanghai Futures Exchange October rebar: 3,699 yuan ($563) per tonne,...Read More

Source: LBMA; BMG Group Inc.Read More

The comments below are an edited and abridged synopsis of an article by Nomi PrinsWhen trade wars escalate and geopolitical tensions rise, economies can be badly damaged, leading to a vicious cycle of aggressive responses. US President Donald Trump could unilaterally slow, alter or even shut down various elements of global trade, and if he manages to do so, there will be a price to pay in jobs a...Read More

Prices in the CIS export billet market remained unchanged on Wednesday June 27, but negative sentiment among market participants was growing due to a lack of trading and the downward price trend in China's domestic market."Chinese billet [prices have] collapsed so we are likely to [be affected by] the decrease," a producer source told Metal Bulletin.A trader source co...Read More

The comments below are an edited and abridged synopsis of an article by Nicholas ColasGE is leaving the Dow after being there for 111 years-longer than any other company. Replacing it is Walgreens Boots Alliance, 4 years old in its current form. At price of around $65, it will have roughly 5x more influence on the Dow than GE ($13).Why Walgreens and not Amazon or Google? Because Charles Dow's name...Read More

Full description and comments at: https://www.peakprosperity.com/podcas...Collectively, the world's major central banks have pumped $1.1 trillion into the markets over the past year.The result of all this money printing is now well known: massively inflated real estate, stock and bond asset price bubbles, as well as extraordinary wealth and income gaps across society.Some day all of this insanity...Read More

Link to Slides and Sources: https://www.itmtrading.com/blog/tech-...The surge in insider selling is picking up steam with the current buy/sell ratio now at the highest level of the year. This could indicate a market on the brink of a major market breakdown! With global central banks now moving toward tightening (raising rates and buying fewer bonds), who will ride to the markets rescue?Tech giants...Read More

The comments below are an edited and abridged synopsis of an article by Tyler DurdenThere was a brief respite for Chinese stocks last week that quickly disappeared, and it leaked into US stock markets too. The Dow has had its longest losing streak since 1978. It's down over 1% year-to-date, while the Nasdaq is up almost 12%. This is the worst year-to-date divergence between Dow/Nasdaq since 2009.I...Read More

The comments below are an edited and abridged synopsis of an article by Christoph GrizzardAlong with countries like Brazil and South Africa, Russia and China are seeking to sidestep the US dollar wherever possible.In addition, Russia and China have been stockpiling gold, and the yuan has gained a place in the IMF's SDR basket, alongside the dollar, the yen, the euro and the pound.America is no lon...Read More

Jim Willie is a statistical analyst in marketing research and retail forecasting. He holds a PhD in Statistics, and his career has stretched over 25 years. He aspires to thrive in the financial editor world, unencumbered by the limitations of economic credentials. Jim operates a free website called Golden Jackass.Read More

The comments below are an edited and abridged synopsis of an article by GoldCoreRussia dumped Treasuries in April and bought another 600,000 ounces of gold to add to its already sizeable gold reserves.And it's not only Russia; India, Turkey, Mexico, Iran, Kyrgyzstan, Kazakhstan, Belarus, Uzbekistan, Tajikistan, Mongolia and China have been increasing their gold reserves.The deterioration of the US...Read More

The comments below are an edited and abridged synopsis of an article by Wolfgang RattayAfter the lengthy bear market, gold could pick up its bullish momentum again, according to VanEck International Investors Gold Fund manager Joe Foster.The prospects for beaten-down gold stocks are starting to look promising, he said, citing geopolitical risk, uncertainty around the Trump presidency and potential...Read More

"Approximately two weeks ago, it was reported to me by a staff member who came in early that they observed all three SWP [State Warning Point] staff on shift asleepContinue...Read More

China's domestic rebar prices continued to decline on Wednesday June 27 on weak futures and thin trading. Domestic Eastern China (Shanghai): 3,950-3,990 yuan ($601-607) per tonne, down 10 yuan per tonne Northern China (Beijing): 3,840-3,880 yuan per tonne, down 10-20 yuan per tonne Rebar futures dropped soon after the benchmark contract opened at a high 3,705 yuan per tonne, resulting in most part...Read More