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Stock Market Meltdown? Flash-crash? No. This Is What Happened

February 05, 2018 / marketsanity.com

Gregory Mannarino started his financial career working for the securities and trading arm of the now defunct Bear Stearns before the dot-com bubble. He is an active trader of the capital markets and has published several books pertaining to finance, global economics, and equity trading; His most recent book is titled Ultimate Guide To Money and The Markets (free ebook). Gregory currently hosts a b...Read More

Raising Rates Reflect Bigger Debt Not Faster Growth

February 05, 2018 / news.goldseek.com

While investors are justifiably focused on what may be the opening crescendo of a long overdue sell-off in stocks, there is not, as of yet, as feverish a discussion of the parallel sell-offs in bonds and the U.S. dollar, which have been underway for at least a year and a half in bonds and 14 months for the dollar. I contend that this should be widely understood as the root causes of the jittery...Read More

Jason Burack: Just A Correction or is The Next Big Stock Market Crash (Finally) Here?

February 05, 2018 / marketsanity.com

Today was a bad day for the US stock market https://www.cnbc.com/2018/02/04/us-st... Is this just a correction or is the next big stock market crash (finally) here? Read More

Jack Chan's Weekly Precious Metals Update

February 05, 2018 / news.goldseek.com

Source: Jack Chan for Streetwise Reports 02/05/2018 Technical analyst Jack Chan charts the latest movements in the gold and silver markets. -->Our proprietary cycle indicator is up.The gold sector is on a long-term buy signal. Long-term signals can last for months and years and are more suitable for investors holding for long term.Gold sector is on a short-term sell signal. Short-term signa...Read More

Vietnam's HRC import prices widen upward on steady demand

February 05, 2018 / www.metalbulletin.com

Import prices for re-rolling-grade hot-rolled coil in Vietnam widened upward over the past week amid steady demand.Metal Bulletin's assessment of HRC import prices in Southeast Asia - which mainly looks at Chinese 2-3mm SAE1006 HRC and equivalent grades sold into Vietnam - was $585-595 per tonne cfr for the week ended Monday February 5, widening upward by $2 per tonne from a week earlier.Some 10,0...Read More

Ira Epstein's Metals Video 2 5 2018

February 05, 2018 / news.goldseek.com

By Ira EpsteinGold closes steady off but caught an after settlement bid as stock indices had a sharp sell-off.https://www.iraepstein.com/ Read More

Jim Grant & Jon Boyar discuss opportunities in U.S. equities

February 05, 2018 / marketsanity.com

Jon Boyar, president of Boyar Research, joins the team to discuss opportunities in U.S. equities that are not eligible for the major indices.1:45 Jon's approach to finding #value5:40 Patience is a virtue11:55 Jon's investment process and a few of his favorite #stocksJames "Jim" Grant is an American writer and publisher and the founder of Grant's Interest Rate Observer, a twice-monthly journal of t...Read More

Gold takes center-stage in dollar scare

February 05, 2018 / news.goldseek.com

Not strong, not weak but strategically benignBy Michael J. KosaresTrump-Mnuchin qualifiers in dollar statements tell all"While it's [a strong dollar] described as a desirable and intended thing, it might not be a choice. The size of dollar holdings of reserves (in dollar-denominated debt) and the dollar's role as the dominant world currency are anachronisms and large relative to what one would w...Read More

EU steel market recovery to continue in 2018-19 despite import threat, Eurofer says

February 05, 2018 / www.metalbulletin.com

European apparent steel consumption is forecast to increase by 1.90% year-on-year in 2018 and by 1.40% year-on-year in 2019, European steel association Eurofer said at a seminar held in Brussels, Belgium, on Monday February 5.European steelmakers gained EU market share over the course of 2017, with import volumes falling in the second half of 2017. Steel imports held a 21% share of apparent steel...Read More

Nope, Bitcoin Is NOT Digital Gold (But Here's What It Is...)

February 05, 2018 / news.goldseek.com

By Clint Siegner The meteoric rise of crypto-currencies, including Bitcoin, captured the attention of many precious metals investors last year. Crypto's potential to serve as private and decentralized currency - beyond the reach of bankers (central and otherwise) to corrupt and control - is an alluring combination for some speculative members of "honest money" crowd. Investors are currently tr...Read More

John Rubino-Of Popular Delusions and the Madness of Bitcoin

February 05, 2018 / marketsanity.com

It happened. Bitcoin, which only ever goes up, is near $7000, down over 60% from its high of nearly $20,000. If you've been listening to this show, there should be no surprise. It was inevitable. The DJIA lost 666 last Friday. Another inevitability, but predictions of this bull market's death have been greatly exaggerated, for now. John Rubino is the founder and manager of the popular financial w...Read More

SWOT Analysis: Chinese Gold Consumption Rose 9.4 Percent in 2017

February 05, 2018 / news.goldseek.com

By Frank HolmesStrengths? Despite the headwinds of rising interest rates, gold was the best performing metal this week, although down slightly by 1.24 percent. Gold traders are bullish for the fourth week in a row after the yellow metal posted its biggest monthly advance in five months in January, according to Bloomberg's weekly survey. The government of India is presenting a p...Read More

Long Steel Products Trade Log, February 5, 2018

February 05, 2018 / www.metalbulletin.com

The latest bids, offers and deals in the global markets for rebar, wire rod, steel beams and other long steel products. Latest transactions: wire rod, rebarWire rodUkraine, export, wire rod, assessed at $580-595 per tonne fob Black Sea.Ukraine (ArcelorMittal Kryvyi...Read More

There Is Too Much Misinformation About The Metals

February 05, 2018 / news.goldseek.com

By Avi GilburtFor those that follow me regularly, you will know that I have been tracking a set up for the VanEck Vectors Gold Miners ETF (NYSEARCA:GDX), which I analyze as a proxy for the metals market. I believe that the GDX can outperform the general equity market once we confirm a long term break out has begun, and I think we can see it in occur in early 2018. But, that will depend if the ma...Read More

Is Congress Finally Pushing Back Against Security Agencies' Over-Reach?

February 05, 2018 / marketsanity.com

The last time the U.S. Congress pushed back against the Imperial Presidency and the over-reach of the nation's Security Agencies was 43 years ago, in 1975.Continue...Read More

Best Commodity Trading Opportunities to See Now / Commodities / Commodities Trading

February 05, 2018 / www.marketoracle.co.uk

Special 5-day event (free): "Best Commodity Opportunities to See Now"Dear reader,Volatility is picking up steam -- and it's more than just Bitcoin and U.S. stocks that deserve your attention. A recent report by Goldman Sachs concludes that right now is,"...the best backdrop to own commodities since at least 2004... History says commodities will outperform stocks [in 2018]"Well, it so happens that...Read More

Local steel prices in Russia to be driven by global moves, currency rates in 2018, major trader says

February 05, 2018 / www.metalbulletin.com

Finished steel prices in Russia will be reliant on moves in the global market and on how well the rouble holds up against the US dollar in 2018, Yuriy Tsybulko vice-president at Russia's biggest trading company, Metallservice, told Metal Bulletin. "The Russian [steel] market directly depends on the global market, which is why our domestic market will be [affected] by the situation in Chi...Read More

Grandma Yellen Pats Markets on the Head and Sends them off to Bed ... with a Warm Glass of Poison

February 05, 2018 / news.goldseek.com

By David HaggithThe sweet grande dame of the central bankster world sees nothing but the brightest future to the furthest horizons for the markets she has been nurturing with her benevolent "wealth effect," as one of her close colleagues called it. While Grandpa Greenspan routinely warns now that stock and bond markets are in bubbles, Grandma Yellen says,I don't want to label what we're seeing a...Read More

DAILY SCRAP REPORT: Turkish mills in negotiations for Baltic scrap

February 05, 2018 / www.metalbulletin.com

The Turkish scrap import market was still silent at the beginning of this week, with the country's steel mills still in negotiations with suppliers, sources said on Monday February 5.The steel producers in Turkey had returned to the deep-sea scrap market at the end of last week for three deep-sea cargoes from the United States and the UK.Two steel mills booked US cargoes at...Read More

PM Sector, Stock Market And Treasuries Update After Plunge

February 05, 2018 / news.goldseek.com

As you are, or should be, aware the big market plunge on Friday came as no surprise to us - it was predicted just a few days before in the article BROAD US STOCKMARKET MELTUP update, in which the point was made that habitual victims Mom and Pop were at last getting stuck into the market, making the danger of a violent reversal even greater. So what now? - does Friday's savage drop mark the star...Read More

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