That's it? Dishonest and misleading memo wrecked the House intel committee, destroyed trust with Intelligence Community, damaged relationship with FISA court, and inexcusably exposed classified investigation of an American citizen. For what? DOJ & FBI must keep doing their jobs.Continue...Read More
Metal Bulletin reviews the major stories that have affected the steel market over the past week.Raw materialsIron ore prices ended Friday on the rise after experiencing declines early in the week. Metal Bulletin's 62% Fe Iron Ore Index came to $74.39 per tonne cfr Qingdao, amid gains in the futures and steel markets.Trading activity in the seaborne coking coal market remained thin on Friday, with...Read More
By Gordon LongIn this 30 minute video which includes over 20 slides, Charles Hugh Smith and Gordon T Long discuss their 2018 Themes.http://gordontlong.com/ Read More
Kaiser Media Watch Blog enables John Kaiser to share online content from other media he deems interesting or relevant to Kaiser Research Online audiences. He collects links to such content and writes a brief explanation. The KMW Blog gets updated during the evening KRO update. After a week or so the current KMW Blog gets archived and a new one is started. Tweets are sent with a link to the item in...Read More
Global investors areradically underinvested in gold today. Years of relentless stock-market rallying to endless new record highshave left this classic alternative investment deeply out of favor. But this gold-demand ebb is ending. The same central banks that fueled theseextreme stock markets through epic easing are reversing to massive andunprecedented tightening. As stocks...Read More
By Steve St. AngeloThe U.S. Government is in serious trouble when interest rates rise. As interest rates rise, so will the amount of money the U.S. Government will have to pay out to service its rapidly rising debt. Unfortunately, interest rates don't have to increase all that much for the government's interest expense to double.According to the TreasuryDirect.gov website, which came back on...Read More
Indian local secondary billet prices this week showed a slight fall of about 200 rupees per tonne week-on-week, with buyers staying away from the market and the number of inquiries to mills dwindling.Prices for Indian domestic secondary billet, which is mainly produced through the induction furnace route, ended the week at 31,800-32,000 rupees ($497-501) per tonne ex-mill on Friday February 2. Thi...Read More
Danielle DiMartino Booth spent nine years as an advisor to Richard W. Fisher at the Federal Reserve Bank of Dallas. Danielle left the Fed in 2015 to found Money Strong, LLC, an economic consulting firm and launched a weekly economic newsletter She is the author of Fed Up: An Insider's Take on Why the Federal Reserve is Bad for America. DiMartino Booth began her career in New York at Donaldson, Luf...Read More
The blockchain has discovered gold (or gold has discovered the blockchain). Either way, this means several things. First, the decades-long dream of a gold-backed cybercurrency may finally be realized. Second, gold and probably silver are looking at a big new source of physical demand. Third, the huge number of gold-related initial coin offerings (ICOs) in this largely unregulated pipeline will r...Read More
The gold price had a good start for 2018, rising from 1310 at the start of January to a high of $1367 with the most recent trading price of $1351. Which is set against my forecast for 2018 for the gold price to first target resistance $1375, an eventual break of which would propel the Gold price towards a 2018 target of $1500, and then further for the Gold price to ultimately target a trend toward...Read More
Dear Reader,If you're looking for answers as to why the US financial system is the way it is... or have questions about what's coming down the pike in the financial markets, pick up a copy of our bestselling book The Everything Bubble: The End Game For Central Bank Policy on KINDLE today.If you've yet to pick up a copy, grab one now. You'll immediately know more about how the financial system work...Read More
By Avi Gilburt First published on Wed Jan 31 for members: While I would love to suggest that the market is ready to break out in a big way, I still have no clear indications that is the case just yet. And, this comes more so from the GDX than either of the metals themselves. So, I am going to focus on the GDX in this update.The action over the last two days has been a lot more convoluted t...Read More
Christopher Martenson is a former American biochemical scientist. Currently he is a writer and trend forecaster interested in macro trends regarding the economy, energy composition and environment. He is the founder of PeakProsperity.com. As one of the early econobloggers who forecasted the housing market collapse and stock market correction years in advance, Chris rose to prominence with the laun...Read More
Transaction prices for domestic rebar in Poland have been largely unchanged over the past week because buyers have not accepted higher offers, sources told Metal Bulletin on Friday February 2.Metal Bulletin's weekly price assessment for domestic 12mm B500B-grade rebar in Poland was 2,320-2,370 zloty ($695-710) per tonne ex-works on February 2, compared with 2,310-2,360 zloty per tonne ex-works a w...Read More
In its outlook for 2018, Thomson Reuters GFMS analysts see gold prices rising to $1,500 an ounce sometime this year on inflation fears. This would put gold at a level unseen since April 2013.According to Thomson Reuters, the price appreciation could be driven by "concerns that the United States may pull out of NAFTA," or the North American Free Trade Agreement. NAFTA, of course, is the trade pact...Read More
April Gold, most immediately the one shown at 1373.10 (see inset). Odds that it will be achieved within the next couple of days would shorten significantly if buyers are able to push easily past the 1354.30 midpoint resistance. At the close of Wednesday's regular session, buyers were stalled precisely at that number, but the shallow pullback so far is encouraging. A higher target of larger deg...Read More
Shale companies continue to drill at a frenzied pace, adding rigs and breaking U.S. oil production levels with each passing week. Yet, the oil production is becoming increasingly geographically concentrated. Not only is the Permian basin accounting for much of the new oil production in the U.S., but a relatively small number of counties within the Permian are home to most of that action. The drill...Read More
Ready or not, a trade war between the U.S. and China is underway.On Monday, Jan. 22, President Trump announced steep 30% U.S. tariffs on imports of solar panels and washing machines.Continue...Read More
CloseGain/LossOn WeekGold $1331.80-$18.20-1.32%Silver$16.60-$0.64-4.65%XAU83.88-4.25%-7.12%HUI188.03-4.41%-7.54%GDM642.62-2.88%-5.89%JSE Gold1228.89-15.95-6.41%USD89.16+0.57+0.07%Euro124.59-0.60+0.28%Yen90.85-0.59-1.22%Oil$65.45-$0.35-1.45%10-Year2.838%+0.059+6.73%Bond145.00-1.5625-2.58%Dow25520.96-2.54%-4.12%Nasdaq7240.95-1.96%-3.53%S&P2762.13-2.12%-3.85% The Metals: Gold fell $22.50 to a...Read More
Metal Bulletin reviews the major stories that have affected the steel market over the past week.Raw materialsIron ore prices ended Friday on the rise after experiencing declines early in the week. Metal Bulletin's 62% Fe Iron Ore Index came to $74.39 per tonne cfr Qingdao, amid gains in the futures and steel markets.Trading activity in the seaborne coking coal market remained thin on Friday, with...Read More