By Ira EpsteinGold at first up but then down off of FOMC Minutes. https://www.iraepstein.com/ Read More
Domestic prices for cold-rolled coil (CRC) in the EU have been largely unchanged over the past week, but the sentiment in the market remains positive, sources told Metal Bulletin on Wednesday February 21."Prices for hot-rolled coil [HRC] are going to rise and downstream products will follow the increase," a German trader said.Domestic prices for hot-rolled coil (HRC) in the EU are likely to rise,...Read More
*This speech was delivered at the Vancouver Resource Investment Conference on January 21-22, 2018Jim Rickards is a lawyer, investment banker and economist with over thirty years' experience in capital markets. He is currently Chief Global Strategist at Meraglim. He advises the Department of Defense, the U.S. intelligence community, and major hedge funds on global finance, and served as a facilitat...Read More
The "pension crisis" is one of those things - like flying cars and nuclear fusion - that's always coming but never arrives. But for pension funds reason it hasn't yet happened is also the reason that it will happen, and soon: The Risk Pension Funds Can't Escape(Wall Street Journal) - Public pension funds that lost hundreds of billions during the last financial crisis still face significant risk...Read More
Renown Swiss investor and publisher of "The Gloom, Boom and Doom Report" Dr. Marc Faber discusses the global markets, housing and bond bubbles, central bank manipulation, gold, Trump, the petroyuan, the New Silk Road and what a potential conflict between the U.S. and China might look like as old empires die and new ones are born.Dr. Marc Faber was born in Zurich, Switzerland and obtained a PhD in...Read More
Domestic prices for hot-rolled coil (HRC) in the EU are likely to rise, supported by the fact that mills are well booked in the North and there is only reduced output from Italian steelmaker Ilva, sources told Metal Bulletin this week.The rise will also be supported by the fact that import offers are relatively high, according to market participants.Sources of HRC imports have been limited since t...Read More
Remember how mining stocks soared on Valentine's Day and how we wrote that a rally is not necessarily bullish? Guess what - this rally has been more than erased. Miners not only closed below the February 14th opening price, but also below the February 13th and 12th closing prices. Mining stocks big rally turned out to be nothing more than just a regular 50% retracement during a decline - somethi...Read More
By Dave KranzlerA colleague of mine pointed out that Trump has not been tweeting his flatulence about the economy recently. This thankful hiatus is after he just passed a tax cuts and a spending budget that is supposed to be stimulative. As it turns out, the economy is hitting the headwinds of marginally higher interest rates and a consumer that is bulging from the eyeballs with debt. W...Read More
Mike Maloney recently gave a speech at Anarchapulco titled: Freedom or Enslavement: The Crypto Revolution. In this video he summarizes his greatest hopes and fears for the the Bitcoin/blockchain area. Michael Maloney is a precious metals investment expert and historian. He is the founder and owner of GoldSilver.com, a global leader in gold and silver sales/storage and one of the world's most highl...Read More
By Stefan GleasonInvestors got lulled into a state of inflation complacency. Persistently low official inflation rates in recent years depressed bond yields along with risk premiums on all financial assets.That's changing in 2018. Five drivers of higher inflation rates are now starting to kick in.Inflation Driver #1: Rising CPIThe Consumer Price Index (CPI) is a notoriously flawed measure of inf...Read More
Domestic prices for heavy steel plate in Southern Europe have increased this week with Italian re-rollers pushing their offers upward, sources told Metal Bulletin on Wednesday February 21.The increase was supported by growth in slab prices, according to market sources.Metal Bulletin's weekly price assessment for domestic grade-S235JR heavy steel plate in Southern Europe was ?,?570-580 ($704-717) p...Read More
By Gary SavageThis video examines the current cyclical setup of both the US Dollar and gold and details specific time and price projections for each in the upcoming 4 weeks.https://blog.smartmoneytrackerpremium.com/ Read More
By Frank HolmesLast Friday marked the first day of the Chinese Lunar New Year, also known as the Spring Festival, China's most important holiday. The fire rooster struts off-stage, clearing the way for the loyal earth dog. According to CLSA's tongue-in-cheek Feng Shui Index, health care, consumer and paper products are favored to outperform early this year, followed by internet, utilities and te...Read More
Southern European tube mills have increased their prices for commodity-grade hollow steel sections again this week in an attempt to offset the pressures of higher prices and low availability in steel coil, sources told Metal Bulletin.Metal Bulletin's price assessment for Southern Europe-origin hollow sections was ?,?625-660 ($772-816) per tonne on Wednesday February 21, compared with ?,?625-655 pe...Read More
Vancouver, British Columbia--(Newsfile Corp. - February 21, 2018) - Zinc One Resources Inc. (TSXV: Z) (OTC Pink: ZZOF) (FSE: RH33) ("Zinc One" or the "Company") has received results from the final batch of surface and pit samples at its Bongar? Zinc Mine Project in north-central Peru. The program included a total of 446 samples from historic pits and surface channel samples from the Bongarita, M...Read More
- Bitcoin has 'pretty much failed' as a currency says Bank of England Carney- Bitcoin is neither a store of value nor a useful way to buy things - BOE's Carney- Project fear against crypto-currencies or an out of control investing bubble?- Bitcoin will likely recover in value but is speculative and not for widows and orphans- British pound has been a terrible store of value - unlike gold- Pound...Read More
The recommendations made by the United States Department of Commerce for trade action against steel imports under its Section 232 powers would introduce "an elementary of uncertainty" into the market that would last until a final decision on the matter is made, according to Latin American steel group Ternium."We are looking at [this subject] with caution," M??ximo Vedoya, who will replace Daniel N...Read More
The economic message taught in most universities is very distorted. It universally teaches children to judge economic systems from the perspective of their victimsContinue...Read More
Rememberhow mining stocks soared on Valentine’s Day and how we wrote that a rally isnot necessarily bullish? Guess what – this rally has been more than erased.Miners not only closed below the February 14th opening price, butalso below the February 13th and 12th closing prices.Mining stocks big rally turned out to be nothing more than just a regular 50%retracement during a decline &ndas...Read More
Turkey is a beautiful country with a rich history including Greek, Roman and Muslim influences that make it one of the most fascinating places on Earth. Continue...Read More