Record student loan balances? Check. Trillion dollar credit card debt? Check. Six tech stocks dominating the Nasdaq? Check. Subprime auto loans at record levels? Check.Continue...Read More
By David MorganI've Been Helping My Subscribers Weather the Current Economic Mess. Now I Invite You to Join My Growing Circle of Successful Investors.The Morgan Report is all about YOU and how you can build and preserve Wealth for generations to come. We know it can sometimes seem a daunting task to protect your assets and preserve or grow your wealth. Over 15 years ago, a small group of us star...Read More
SHANGHAI, Apr 13 (SMM) – Development in the cathode materials industry is likely to drive the development of new-energy vehicles as cathode materials determine battery performance, said vice president of Yibin Libode New Materials' technology centre, Wu Ceng.At the SMM CoLiNi Summit on Friday April 13 in Quzhou, Zhejiang province, Wu said that the industry remain...Read More
German steelmakers have settled their monthly scrap contracts for April largely in line with March prices, sources told Metal Bulletin on Friday April 13.Metal Bulletin's monthly price assessment for domestic grade-E3 scrap in Germany for April was ?,?280-300 ($346-370) per tonne delivered, stable month-on-month.The negative trend settled in the international scrap market had no effect on German s...Read More
Gold failed at resistance Wednesday but remains in position to breakout anywhere from very soon to in the summer. Its increasing relative strength has brought it very close to a breakout. Meanwhile, the stocks are trading in tighter and tigher ranges and are set to move up aggressively and sustain it if Gold can close above $1360-$1370. Jordan Roy-Byrne, CMT is a Chartered Market Technician and me...Read More
The mega-cap stocks that dominate the US markets have enjoyed an amazing bull run. But February's first correction in years proved things are changing. With that unnatural low-volatility melt-up behind us, it's more important than ever to keep leading stocks' underlying fundamentals in focus. They help investors understand which major American companies are the best buys and when to deploy...Read More
Ted Butler says "JPMorgan not only maintained its perfect trading record, it did so in absolutely spectacular fashion, with the past year being..."by Ted Butler via SilverSeekA year ago, I took the occasion of new appointments at the CFTC as an opportunity to try once again to persuade the agency to step up to the plate and address a silver manipulation that had been in place for more than 30 year...Read More
SHANGHAI, Apr 13 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightDriven by US President Donald Trump's tempered remarks on Syria, the US dollar index rebounded to 89.7, up 0.28%, while most base metals closed lower. LME zinc tumbled 4% and SHFE zinc slipped 2% under pressure from market talk that China's State Reserve Bureau...Read More
Early earnings reports showed strong results but financial stocks did not perform well to end the weekContinue...Read More
Attention, please! The leverage in the stock market has been recently rising. As one can see in the chart below, the stock market margin debt surged more than $113 billion in 2017, one of the largest annual surges. Moreover, it was the ninth annual increase in a row. Chart 1: Stock Market Margin Debt (in $ billions) from February 2010 to January 2018. As a reminder, margin debt is a borrowing...Read More
Prices for containerized shredded scrap imports into India moved downward again this week despite trading conditions improving by the end of the period, market sources told Metal Bulletin on Friday April 13.Metal Bulletin's weekly index for containerized imports of shredded scrap into India was $381.27 per tonne cfr Nhava Sheva on April 13, down by $4.72 per tonne week-on-week, compared with $385....Read More
- Gold & silver eke out small gains; palladium surges 8% and platinum 2%- Oil (WTI) surges over 8% to over $66.90/bbl; supply disruption risk- U.S. dollar and Treasuries fall; geopolitical, trade war and fiscal concerns- Stocks rally and shrug off trade war, macro and geo-political risks- Bitcoin, major cryptos (Ethereum, Ripple etc) rise sharply- Russia-US tensions high: Trump warns attack 'c...Read More
My dad just predicted #Bitcoin to be $250k by 2022. #legend @TimDraperContinue...Read More
Indian local secondary billet prices have risen by at least 1,700 rupees per tonne in the current week on increased demand from rebar mills.Prices for Indian domestic secondary billet, mainly produced through induction furnace route, on Friday April 13 were 35,000-35,200 rupees ($xx-xx) per tonne ex-mill, an increase of 1,700 rupees per tonne compared with Metal Bulletin's assessment last week of...Read More
Nova Leap Health Corp.'s (TSXV:NLH) first Canadian acquisition pushes annual revenue run rate past US$11 millionSmallCapPower | April 13, 2018: Announces a definitive agreement to make its third acquisition in 2018. On April 3, 2018, Nova Leap Health Corp. (TSXV:NLH) announced it has executed a definitive agreement to acquire an Eastern Canadian home care services company for US$2.14 million - US$...Read More
China's domestic rebar prices rebounded on Friday April 13 following the rising futures. Domestic Eastern China (Shanghai): 3,660-3,710 yuan ($582-590) per tonne, up 30 yuan per tonne Northern China (Beijing): 3,670-3,700 yuan per tonne, up 10 yuan per tonne Rebar futures moved up steadily on Friday, which kept sentiment bullish in the spot market. Buyers raised procurement rates on seeing the pap...Read More
David Morgan is a world-renown precious metals aficionado. He is the creator of TheMorganReport.com, a monthly report that covers economic news, overall financial health of the global economy, currency problems and the key reasons for investing in precious metals. A dynamic, much-in-demand speaker all over the globe, David's educational mission also makes him a prolific author, having penned Get t...Read More
Tania Constable, who has more than 20 years' experience in the Australian resources sector, was named as the new chief.She was most recently CEO of the Co-operative Research Centre for Greenhouse Gas Technologies and prior to this was a senior executive in the Australian Public Service, including chief advisor in the Treasury's revenue group and head of the department of industry's resources divis...Read More
Hampel has 27 years' experience in lithium, rare earth elements base metals and precious metals geology and has overseen Premier's exploration projects in Zimbabwe since 2014.Over the 2008-2012 period, he was COO and consulting geologist for Tantalus Rare Earths (GR:TAEN) in Madagascar and prior to this was head of department for mining infrastructure and mineral resources for Fugro Consult in Ber...Read More
The base price assessments for flat stainless steel products in Europe narrowed downward by ?,?10 per tonne this week due to continued pressure from cheap imports, sources told Metal Bulletin on Friday April 13.Metal Bulletin's weekly base price assessment for 2mm, grade-304 cold-rolled (CR) stainless steel sheet was ?,?1,050-1,100 ($1,296-1,357) per tonne delivered in Northern Europe on Friday, c...Read More