TECHNICAL SCOOPCharts and commentary by David ChapmanPhone: 416-523-5454 Email: david@davidchapman.comTwitter: @Davcha12January 22, 2018"There are only patterns, patterns on top of patterns, patterns that affect other patterns. Patterns hidden by patterns. Patterns within patterns. If you watch close, history does nothing but repeat itself. What we call chaos is just patterns we haven't recogn...Read More
By JP Koninghttps://www.bullionstar.com/People often refer to bitcoin as digital gold because of the similarities between the two assets. One big difference between gold and bitcoin is currently playing out in their respective futures markets. Since bitcoin futures were introduced last December by the CBOE, futures prices have often been inverted, or in backwardation. This sort of phenomenon rar...Read More
A Report was released in April of 2017 that didn't receive any real publicity until recently.Continue...Read More
Turkish domestic scrap prices continued to increase amid strong demand over the past week, sources said on Monday January 22.Metal Bulletin's weekly price assessment for domestic auto bundle scrap (DKP grade) was $1,300-1,440 ($342-379) per tonne delivered, up from last week's $1,260-1,400 per tonne.The upward movement came after several steel mills raised their buy prices for the materi...Read More
Even though mining stocks closed last week below the Jan. 2 close and silver even declined below the Dec 31, 2017 close, gold moved higher. It's not far from this year's top either. So, is all well and are bullish gold price forecasts justified? Not necessarily. In today's article, we show you two reasons why it's a good idea to think twice before opening long positions in gold. Some time ago w...Read More
Eventhough mining stocks closed last week below the Jan. 2 close and silver evendeclined below the Dec 31, 2017 close, gold moved higher. It’s not far fromthis year’s top either. So, is all well and are bullish goldprice forecasts justified? Not necessarily. In today’s article, weshow you two reasons why it’s a good idea to think twice before opening longpositions in gold.S...Read More
Continue...Mohamed El-Erian is the Chief Economic Adviser of Allianz, a multinational financial services company. He is the former CEO and co-Chief Investment Officer of PIMCO, a global investment firm and one of the world's largest bond funds in the world. Dr. El-Erian also served as a member of the faculty of Harvard Business School. Before joining PIMCO, Dr. El-Erian was a managing director at...Read More
XAUUSD is facing the resistance of theupper trend line (now at around 1343.00) of the triangle pattern on its weeklychart once again. Being contained by the trend line, the gold price pulled back from 1344.65. Let’s look into the 4-hour chart, the fallfrom 1344.65 is likely consolidation of the uptrend from 1236.45. Deeperdecline towards 1305.82 key support would likely be seen in the coming...Read More
It's deja-vu all over again, as baseball legend Yogi Berra might have said. The politicians and media are telling us the world is coming to an end because a "compromise" could not be made at the 11th hour to keep the Federal government in business.Republicans blame Democrats for the shutdown over their insistence on legislation to benefit about 700,000 "Dreamers" - immigrants who were brought ille...Read More
Iron ore prices experienced little movement on Monday January 22 amid inactivity in the seaborne market. Metal Bulletin's 62% Fe Iron Ore Index Today: $76.61 per tonne cfr Qingdao Daily change: down by $0.14 per tonne Month-to-date average: $76.65 per tonne...Read More
By Keith WeinerWe have been discussing the consumption of capital. We again must say:"We see people eating more of the seed corn."Right now as we write this on Saturday afternoon, the US government has "shut down", due to a political impasse on the legislation to fund its continuing operations. Government funding is a mix of taxing and borrowing. Government borrowing provides a segue into anothe...Read More
Kai Stinchcombe, co-founder and CEO of True Link Financial, joins the team to discuss his recent article questioning the utility of the supposedly-groundbreaking software for digital assets. 2:07 The case against the blockchain4:14 A costless and decentralized form of exchange: #Cash4:45 Bitcoin conference doesn't accept bitcoin7:17 Ripple and international payments12:28 "Here's your #libertarian...Read More
Tradingposition (short-term; our opinion): No positions are justifiedfrom the risk/reward perspective.Althoughthe EIA weekly report showed that crude oil inventories dropped for a ninthstraight week and distillate stockpiles fell more than expected, U.S.production outweighed positive news. But did yesterday price action changeanything in the technical picture of black gold? Yesterday’sreport...Read More
The financial media is finally catching on to something we've been screaming about for years...That the Fed's preferred metric for measuring inflation is a complete joke.Making matters more difficult, the Fed's preferred inflation gauge does a pitiful job of capturing the quandary facing many households that live paycheck to paycheck. The so-called core PCE is the central bank's go-to inflation me...Read More
COLORADO SPRINGS, CO, Jan. 22, 2018 (GLOBE NEWSWIRE) -- Gold Resource Corporation (NYSE American: GORO) (the "Company") today announced preliminary 2017 year-end and fourth quarter mill production results. The Company produced approximately 28,117 gold ounces and 1,773,263 silver ounces for the 2017 year, which met its annual gold and silver production target ranges. Gold Resource Corporati...Read More
Sentiment in the CIS export billet market turned negative in the week ended Monday January 22 amid a lack of activity and pressure arising from weakness in Chinese prices, Metal Bulletin has heard.There was almost no trading activity for CIS billet exports during the week."The market seems to have completely stopped," one trader said. "There is no liquidity."Another trader told Metal Bulletin that...Read More
Continue...Nassim Taleb spent 20 years as a derivatives trader and, after closing 650,000 option transactions and examining 200,000 risk reports, he changed careers in 2006 to become a scholar and philosophical essayist. Taleb is currently Distinguished Professor of Risk Engineering at New York University's Polytechnic Institute, but he self-funds his research and operates in the manner of indepen...Read More
The financial media is finally catching on to something we've been screaming about for years...That the Fed's preferred metric for measuring inflation is a complete joke.Making matters more difficult, the Fed's preferred inflation gauge does a pitiful job of capturing the quandary facing many households that live paycheck to paycheck. The so-called core PCE is the central bank's go-to inflation me...Read More
Pension Crisis And Deficit of ?2.6B At Carillion To Impact UK Pensions- Carillion collapses leaving a ?900 million debt pile and 30,000 pensions at risk- Carillion PLC share price has collapsed 94% in last twelve months- Private analysis of Carillion's pension deficit reveals it to be as high as ?2.6 billion- Figure adds to the UK's ongoing pension crisis, both private and state are severely...Read More