Technical analyst Jack Chan charts energy and finds that a tradable bottom is in place. $OSX is on a major sell signal.Our proprietary cycle indicator turns up this week.New buy signalNew buy signal New buy signalNew buy signalSummaryEnergy sector is on a major sell signal. The cycle is now up, suggesting a tradable bottom is in place. We have taken some trading positions with a multi-week outlook...Read More
The attempts to mask inflation are reaching truly ludicrous proportions. Bloomberg reports that the "guts of the US CPI show key inflation weakest in years."What are the "guts?"Housing rents... which the CPI claims are falling.That's interesting, because:1) Apartment rents rose in 89% of US cities in January.2) Rents as a percentage of income are at their highest levels ever.3) The sup...Read More
- Gold Cup at Cheltenham - 'The Olympics' of the European horse racing calendar - Gold Cup trophy contains 10 troy ounces of gold - worth ?9,000- ?620 million bets on horses, 230,000 pints of Guinness will be drunk, 9.2 tonnes of potato eaten - Since the 5th century BC, gold has been the ultimate prize to award champions and gold has been constantly and universally awarded as top prize...Read More
Breakthrough Sound Money Bill Becomes Law Today with Wide SupportCheyenne, Wyoming - Sound money activists rejoiced as the Wyoming Legal Tender Act became law today. The bill restores constitutional, sound money in Wyoming.Backed by the Sound Money Defense League, Campaign for Liberty, Money Metals Exchange, and in-state grassroots activists, HB 103 removes all forms of state taxation on gold an...Read More
The attempts to mask inflation are reaching truly ludicrous proportions. Bloomberg reports that the "guts of the US CPI show key inflation weakest in years."What are the "guts?"Housing rents... which the CPI claims are falling.That's interesting, because:1) Apartment rents rose in 89% of US cities in January.2) Rents as a percentage of income are at their highest levels ever.3) The sup...Read More
Political developments in the USA will prevent the US dollar from sharp gains before the Federal Reserve meeting next week. Inflation meeting the Federal Reserve's target implies that a minimum of three interest rate hikes will be there. The fourth interest rate hike will be dependent on energy prices. Gold and silver are firm due to reduced chances of four interest rate hikes this year. Trump...Read More
The ECB dropped its easing bias on Thursday. Monetaryhawks are pleased. But doves are holding tight. And what does gold do?Hawks Awakenin Frankfurt…A major change at the European Central Bank! OnThursday, it removed its long-standing pledge to increase bond buys if needed.In January we could read that statement: (…) if theoutlook becomes less favourable, or if financial conditions be...Read More
Prices for steel beams in Europe could come under downward pressure in the coming weeks because of waning demand, despite mills plotting further price rises, sources told Metal Bulletin on Wednesday March 14."Demand for beams is not strong, which means that we are selling below our budget in terms of tonnes," one Northern European distributor said.Stockholders continue to hold bloated volumes of b...Read More
CloseGain/LossGold $1325.20-$0.60Silver$16.55-$0.02XAU79.79+0.11%HUI174.19-0.04%GDM607.88+0.17%JSE Gold1077.28-12.85USD89.74UNCHEuro123.67-0.23Yen94.14+0.26Oil$60.96+$0.2510-Year2.817%-0.030T-Bond145.875+0.71875Dow24758.12-1.00%Nasdaq7496.81-0.19%S&P2749.48-0.57% The Metals: Gold gained $4.30 to $1330.10 in Asia before it fell back to $1321.60 in midmorning New York trade...Read More
- Gold Cup at Cheltenham - 'The Olympics' of the European horse racing calendar - Gold Cup trophy contains 10 troy ounces of gold - worth ?9,000- ?620 million bets on horses, 230,000 pints of Guinness will be drunk, 9.2 tonnes of potato eaten - Since the 5th century BC, gold has been the ultimate prize to award champions and gold has been constantly and universally awarded as top prize...Read More
The attempts to mask inflation are reaching truly ludicrous proportions. Bloomberg reports that the "guts of the US CPI show key inflation weakest in years."What are the "guts?"Housing rents... which the CPI claims are falling.That's interesting, because:1) Apartment rents rose in 89% of US cities in January.2) Rents as a percentage of income are at their highest levels ever.3) The sup...Read More
CloseGain/LossGold $1325.20-$0.60Silver$16.55-$0.02XAU79.79+0.11%HUI174.19-0.04%GDM607.88+0.17%JSE Gold1077.28-12.85USD89.74UNCHEuro123.67-0.23Yen94.14+0.26Oil$60.96+$0.2510-Year2.817%-0.030T-Bond145.875+0.71875Dow24758.12-1.00%Nasdaq7496.81-0.19%S&P2749.48-0.57% The Metals: Gold gained $4.30 to $1330.10 in Asia before it fell back to $1321.60 in midmorning New York trade...Read More
By Ira EpsteinGold and silver trending slightly lower.https://www.iraepstein.com/ Read More
Gold has been trending higher since making the lows at 12.3.2015. From $1046.54 low, Gold rallied in 3 waves into the 7.6.2016 peak ($1375.15) and then pullback in 3 waves into the low at 12.15.2016 ($1122.81). Cycle from 12.15.2016 low has a 4 hour Bullish sequence as the yellow metal shows 5 swing sequence with a target of $1450.00. As far as Gold stays below below 7.6.2016 peak ($1375.15), ther...Read More
Prices for hollow steel sections in Northern Europe have fallen by ?,?5 ($6) per tonne this week, with some mills accepting lower bids to secure orders, market participants told Metal Bulletin on Wednesday March 14.Meanwhile, Southern European prices widened upward by ?,?5 per tonne, with the large Italian mills being more successful in driving up their offer prices, sources said.Metal Bulletin's...Read More
Serious problems affect Americans. Problems first, solutions at the end!We did what to ourselves? Our representatives, senators, and Presidents, supposedly acting on our behalf, voted for and created what history has shown are huge monetary and fiscal mistakes.Some will disagree, but consider this partial list:1 - Central banking and The Federal Reserve Act: Enough money was spread around Washingt...Read More
Dear Friend of GATA and Gold:Keith Weiner of Monetary Metals, whose recent commentary, "Super-Duper-Irrational Exuberance" was disputed by your secretary/treasurer yesterday --http://www.gata.org/node/18102-- today responds to the criticism but answers nothing about it.In his "Open Letter to GATA," posted at GoldSeek here --http://news.goldseek.com/GoldSeek/1521038153.php-- Weiner continues to i...Read More
The ECB dropped its easing bias on Thursday. Monetary hawks are pleased. But doves are holding tight. And what does gold do?Hawks Awaken in Frankfurt...A major change at the European Central Bank! On Thursday, it removed its long-standing pledge to increase bond buys if needed. In January we could read that statement:(...) if the outlook becomes less favourable, or if financial conditions become i...Read More
Weakening demand for rebar in the Turkish domestic and export markets has kept Turkish steel producers out of the deep-sea scrap markets, sources said on Wednesday March 14.Turkish steel producers paused their deep-sea scrap purchases after the Section 232 import tariffs were officially signed into effect in the United States, adding a 25% import duty on all steel product imports, exempting only C...Read More
Breakthrough Sound Money Bill Becomes Law Today with Wide SupportCheyenne, Wyoming (March 14, 2018) - Sound money activists rejoiced as the Wyoming Legal Tender Act became law today. The bill restores constitutional, sound money in Wyoming.Backed by the Sound Money Defense League, Campaign for Liberty, Money Metals Exchange, and in-state grassroots activists, HB 103 removes all forms of state ta...Read More