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
Draghi has realized that he has singlehandedly destroyed the European bond market. Besides the fact that it is illegal to short government bonds, heContinue...Read More
Prices for domestic steel wire rod inched upward by ?,?5 per tonne in Southern Europe this week with mills well-booked and supply tight, sources told Metal Bulletin on Wednesday February 28.Metal Bulletin's weekly price assessment for domestic mesh-quality wire rod in Southern Europe widened upward to ?,?535-560 ($658-688) per tonne delivered on Wednesday, compared with ?,?530-555 per tonne delive...Read More
I'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 market which w...Read More
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
"I like taking the guns early, like in this crazy man's case that just took place in Florida ... to go to court would have taken a long time." Continue...Read More
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
The Turkish steel mills stayed back from the scrap markets on Wednesday February 28, booking no deep-sea cargoes, but they are expected to secure more transactions for April, Metal Bulletin was told.Scrap prices were also expected to increase further, amid strong demand from the country's steel producers."I hear that a number of mills are looking for material for April now. I think we will continu...Read More
Filing taxes can be complex, but an honest mistake or a slight exaggeration could land you in hot water with the auditors over at the Internal Revenue Service.Continue...Read More
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
Iron ore prices slid below $79 per tonne cfr China on Wednesday February 28 amid sluggish demand for the steelmaking raw material in the seaborne market. Metal Bulletin's 62% Fe Iron Ore Index Today: $78.61 per tonne cfr Qingdao Daily change: down by $0.54 per tonne Month-to-date average: $77.35 per tonne Metal Bulletin's 58% Fe Premium Index Today: $61.62 per tonne cfr...Read More
The National Association of Realtors is already blaming rising mortgage rates. Pending home sales - an indicator of future home sales, based on Continue...Read More
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
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
The seaborne iron ore market softened on Wednesday February 28 with few bids made in response to the large number of offers, most of them from traders.Key driversChina's benchmark iron ore futures contract retreated for a second day, while spot rebar and hot-rolled coil prices in the country also fell 10-20 yuan ($1.60-3.20) per tonne during the day.With downstream steel demand yet to pick up afte...Read More
The HUI Index just closed below both 2017 and 2018 lows. Continue...Read More
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
China's domestic rebar prices withdrew on Wednesday February 28 amid weak demand. Domestic Eastern China (Shanghai): 4,020-4,060 yuan ($637-643) per tonne, down 10 yuan per tonne Northern China (Beijing): 4,100-4,130 yuan per tonne, narrowed downward by 10 yuan per tonne Demand for rebar from the construction sector remained weak due to China's soft housing market, participants said. Since early t...Read More
Today, we're bringing readers the three best junior mining silver stocks to buy in 2018, which all have massive upside.During the last precious metals rally, starting in early 2016 through mid-year, silver gained 46%. However, the Global X Silver Miners ETF (NYSE Arca: SIL) gained 231%. And the ETFMG Prime Junior Silver ETF (NYSE Arca: SILJ) gained a whopping 344%.Still, when most investors think...Read More
Copper futures trading on the Comex market in New York fell for the fourth straight session on Wednesday on fresh doubts about the strength of the economy in top consumer China.Copper for delivery in May slumped 1.8% to a low of $3.1295 a pound ($6,900 a tonne) in early afternoon trade, down more than 5% so far this year.Chinese manufacturing data suffered its biggest fall in five years in Februa...Read More