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METALS MORNING VIEW 28/02: Metals prices pull back after market surprised by Fed's hawkish comments

February 28, 2018 / www.metalbulletin.com

Base metals traded on the London Metal Exchange are mainly weaker this morning, Wednesday February 28, with prices off by an average of 0.4%.Lead prices lead the decline with a 1% drop, followed by copper prices (-0.6%) at $6,989 per tonne. Tin, zinc and nickel prices are off between 0.2% and 0.4%, while aluminium prices are little changed.This follows a day of general weakness on Tuesday that saw...Read More

Peter Schiff: Powell Optimism Belies Data

February 28, 2018 / marketsanity.com

Peter Schiff is an internationally recognized economist specializing in the foreign equity, currency and gold markets. Mr. Schiff made his name as President and Chief Global Strategist of Euro Pacific Capital. He frequently delivers lectures at major economic and investment conferences, and is quoted often in the print media, including the Wall Street Journal, New York Times, Barron's, BusinessWee...Read More

The Potential $54 Trillion Cost Of The Fed's Planned Interest Rate Increases

February 28, 2018 / news.goldseek.com

By Daniel R. Amerman, CFAThe United States national debt is currently about $20 trillion, and the federal government is paying some of the lowest interest rates in history on that debt. The Federal Reserve has raised interest rates five times now, and is publicly considering another seven increases between 2018 and 2020, for a total increase of 3%. What will be the impact on the national debt an...Read More

Gold Investing Fundamentals

February 28, 2018 / news.goldseek.com

Here I will discuss physical gold reality as well as current gold supply and gold demand factors today. Let's begin with the gold's supply chain. Not just from the ground, and no gold is not a mere entry into a bookkeeping ledger or a digital liability. Physical gold is born from the most violent phenomenon we human beings have ever witnessed... exploding stars. Scientifically explained plane...Read More

Alasdair Macleod: When will the next credit crisis occur?

February 28, 2018 / marketsanity.com

Alasdair Macleod speaks to questions about when he thinks the next credit crisis will occur and the logic behind his view.Alasdair Macleod is head of research for GoldMoney. He also runs FinanceAndEconomics.org, a website dedicated to sound money and demystifying finance and economics. He has a background as a stockbroker, banker and economist. Read More

Consumers In Surprising Places Are Borrowing Like Crazy

February 28, 2018 / news.goldseek.com

The Money Bubble is inflating at different speeds in different places. But apparently no culture is immune: Household Debt Sees Quiet Boom Across the Globe(Wall Street Journal) - A decade after the global financial crisis, household debts are considered by many to be a problem of the past after having come down in the U.S., U.K. and many parts of the euro area.But in some corners of the globe in...Read More

Gold Cycle Left Translating

February 28, 2018 / news.goldseek.com

By Gary SavageGold's daily cycle is becoming left translated as the US Dollar now appears to have formed an intermediate cycle low. This has significant implications for how gold is likely to perform over the next several weeks.https://blog.smartmoneytrackerpremium.com/ Read More

EUROPE CRC: Domestic prices stable, imports rise

February 28, 2018 / www.metalbulletin.com

Domestic prices for cold-rolled coil (CRC) in the EU have been largely unchanged over the past week, although import prices have inched upward, sources told Metal Bulletin on Wednesday February 28."The market is more or less quiet, because buyers have booked their required volumes. Non-EU suppliers have increased their offers so imports are not having any negative effect on prices," a German trade...Read More

Robert Kiyosaki: How the new tax code impacts you, and what changes you must make to legally pay fewer taxes

February 28, 2018 / marketsanity.com

Taxes are often your biggest expense, unless you educate yourself. The historic new tax code means a whole new round of financial education is required. In this episode, Robert and Kim talk to their tax advisor, Tom Wheelwright, and tax law specialist Ed McCaffery. Find out how the new tax code impacts you, and what changes you must make to legally pay fewer taxes.Robert Kiyosaki is best known as...Read More

The Light at the End of the HUI

February 28, 2018 / news.goldseek.com

By RambusI'm going to use this long term weekly chart for the HUI as a proxy for the other PM stock indexes. This chart also shows you why I've remained very cautious on any PM stock rally.What we know for sure is that the HUI rallied strongly out of its January 2016 low to the August 2016 high which was very impressive. At the time it looked like the initial impulse move in a brand new bull mar...Read More

Is The Gold Price Going To $10,000?

February 28, 2018 / news.goldseek.com

In the third Goldnomics podcast, we consider whether the gold price will reach $10,000 per ounce in the coming years and what factors will drive prices?As the "Everything Bubble" continues to inflate, higher gold prices appear to be on the horizon. Stephen Flood, CEO of GoldCore and Mark O'Byrne, Research Director and world renowned precious metals analyst discuss the outlook for the gold...Read More

EUROPE HRC: Domestic prices stable as buyers hold back

February 28, 2018 / www.metalbulletin.com

Domestic prices for hot-rolled coil (HRC) in the EU have been largely stable over the past week, with buyers holding back from new deals after booking sufficient volumes earlier, sources have told Metal Bulletin."Second-quarter production coil is well sold, so buyers are in no hurry to make new deals until a new trend in the market becomes clear," a German trader said.In the meantime, prices are u...Read More

Here's What Gold is Waiting for / Commodities / Gold and Silver Stocks 2018

February 28, 2018 / www.marketoracle.co.uk

Gold was well bid during the equity correction but it could not breakout then and has retreated as equities have roared back. As a result, the Gold to stocks ratio has retraced most of its recent surge. Meanwhile, the US Dollar has rebounded and the oversold and overhated bond market could be starting a rally. The recent rise in long-term bond yields which has benefitted Gold appears due for a pau...Read More

Camino Raises $1,516,000 to fund drilling at Los Chapitos Project

February 28, 2018 / news.goldseek.com

Camino Minerals Corporation ("Camino" or the "Company") (COR: TSX-V) is pleased to announce that it has completed a non-brokered private placement for gross proceeds of $1,516,060 which will be used to fund step out drilling at its Los Chapitos project ("Chapitos"), located in southern Peru, and for general working capital. The non-brokered private placement consisted of 4,331,600 units at a pr...Read More

EUROPE PLATE: Domestic prices stable but mill sentiment bullish

February 28, 2018 / www.metalbulletin.com

Domestic prices for heavy steel plate in Southern Europe have been largely unchanged over the past week, but the mills will insist on higher transaction prices for future deals, sources told Metal Bulletin on Wednesday February 28.The increase is likely to supported by growth in slab prices, according to market sources.Metal Bulletin's weekly price assessment for domestic grade-S235JR heavy steel...Read More

Police Officer Fired for NOT Killing a Suspect

February 28, 2018 / marketsanity.com

A former police officer, Steven Mader (center), who was fired for not shooting a black suspect during a standoff in Virginia. Mader was Continue...Read More

America's New Steel and Aluminum Protectionism / Commodities / Steel Sector

February 28, 2018 / www.marketoracle.co.uk

Now that the White House seeks to turn China’ssteel and aluminum overcapacity into a national security matter, America’s newprotectionism risks international trade discord.Following a tradeinvestigation of imports, U.S. Department of Commerce recently recommendedimposing heavy tariffs or quotas on foreign producers of steel and aluminum inthe interest of national security. Armed with s...Read More

Rickards: The IRS Comes for Bitcoin

February 28, 2018 / marketsanity.com

A lot of bitcoin advocates sold the idea that it was invisible to the IRS. Well, not really, I said all along. And now that's becoming evident, as you're about to see.Continue...Read More

Germany's Salzgitter forecasts stable EU prices for flat steel in 2018

February 28, 2018 / www.metalbulletin.com

German steelmaker Salzgitter expects to benefit from generally stable selling prices in the EU steel market in 2018, combined with raw material prices for iron ore and coking coal that will stay close to the levels seen at the end of 2017.The positive outlook, however, is threatened by significant volumes of coil imports into Europe from such countries as Turkey and India, despite anti-dumping mea...Read More

Is The Gold Price Going To $10,000? (Goldnomics Podcast 3)

February 28, 2018 / www.gold-eagle.com

In the third Goldnomics podcast, we consider whether the gold price will reach $10,000 per ounce in the coming years and what factors will drive prices?As the "Everything Bubble" continues to inflate, higher gold prices appear to be on the horizon. Stephen Flood, CEO of GoldCore and Mark O'Byrne, Research Director and world renowned precious metals analyst discuss the outlook for the gold pr...Read More

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