– 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...Read More
Domestic prices for steel wire rod were unchanged across Europe over the past week, with market participants expecting strong demand in the coming months, sources told Metal Bulletin on Wednesday February 21.Metal Bulletin's weekly price assessment for domestic mesh-quality wire rod in Northern Europe was ?,?545-560 ($673-692) per tonne delivered on...Read More
The doomsayers have been calling for recession for years. Mainstream economists laughed at them, painting a rosy picture. However, the recent plunge in the stock market strengthened the pessimists' hand. They interpret the dive as a signal of a coming recession. Is the end of the stock market boom really near?What Lies Ahead?The recent stock market turmoil brought traders to their knees. We, of co...Read More
John Rubino discusses how the Bond Vigilantes are enforcing a reconciliation of political myth with economic reality and what this means for stocks, bonds, commodities and precious metals.John Rubino is the founder and manager of the popular financial website DollarCollapse.com. Mr. Rubino is the co-author, with GoldMoney's James Turk, of The Money Bubble and The Collapse of the Dollar and How to...Read More
CloseGain/LossGold $1324.50-$6.20Silver$16.48+$0.01XAU80.51-0.39%HUI178.65-0.19%GDM611.03-0.78%JSE Gold1147.05-5.55USD90.05+0.34Euro122.92-0.45Yen93.03-0.34Oil$61.68-$0.1110-Year2.936%+0.055T-Bond142.6875-1.1875Dow24797.78-0.67%Nasdaq7218.23-0.22%S&P2701.33-0.55% The Metals: Gold dropped $5.20 to $1325.50 in late Asian trade before it rallied up to $1332.90 in midmorning New York trade and...Read More
Turkish steel mills paused their deep-sea scrap purchasing activity on Wednesday February 21 after news broke of the delivery of the Section 232 report in the United States, according to market sources.The mills in the country were expected to book more cargoes for March but they have slowed down their transactions and have booked only one cargo since the US Department of Commerce delivered its re...Read More
Investors 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 inflation. It tends to...Read More
The "pension crisis" is one of those things - like flying cars and nuclear fusion - that's always coming but never arrives. But the reason it hasn't yet happened is also the reason that it will happen, and soon:Continue...Read More
By Ira EpsteinGold at first up but then down off of FOMC Minutes. https://www.iraepstein.com/ Read More
Full Article: SWOT Analysis: Will Gold Shine During Volatile Times?By: Frank HolmesStrengthsThe best performing metal this week was gold, down 1.26 percent. China's demand for gold jewelry rose 10 percent last year to around 700 metric tons due to increasing wealth of residents. China is the largest market for gold in the world. Gold demand is also on the rise in India, the second largest cons...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 c...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
Iron ore prices held steady at $78 per tonne cfr China on Wednesday February 21, with China on the last day of its weeklong break for the Chinese New Year.Metal Bulletin's 62% Fe Iron Ore Index Today: $78.43 per tonne cfr Qingdao Daily change: unchanged Month-to-date average: $76.83 per tonne...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
Indian steel product export prices could fall if high import tariffs are applied to steel from countries such as South Korea, Turkey and Japan by the United States, sources have told Metal Bulletin.Any price drops for steel from South Korea, Turkey and Japan - which depend on steel exports to the US more than Indian steel mills do - would depress market conditions for Indian steel exporters too, s...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
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
Iranian export billet prices went up by $5-15 per tonne on an fob basis in the week ended Wednesday February 21 with higher offers being accepted by customers.Metal Bulletin's weekly price assessment for Iranian billet exports was $495-510 per tonne fob on February 21, against $490-495 per tonne fob a week earlier.Late last week, offers of Iranian billet were reported within the range of $495-510...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
Indian steel product export prices could fall if high import tariffs are applied to steel from countries such as South Korea, Turkey and Japan by the United States, sources have told Metal Bulletin.Any price drops for steel from South Korea, Turkey and Japan - which depend on steel exports to the US more than Indian steel mills do - would depress market conditions for Indian steel exporters too, s...Read More