Current Position of the MarketSPX: Long-term trend - The bull market is continuing with a top expected in the low 3000s.Intermediate trend - A short-intermediate term top is re-forming at a higher levelAnalysis of the short-term trend is done on a daily basis with the help of hourly charts. It is an important adjunct to the analysis of daily and weekly charts which discusses the course of longer m...Read More
By David HaggithMy 2018 economic predictions follow through on the accurate predictions I made in 2017. In my last article, I stated that I had bet my blog the stock market would crash by January 2018. In fact, however, I've gone back and rechecked those predictions and my bet, and I found that I wisely hedged my bet in terms of timing due to the Trump factor. I realized back then that, for the...Read More
By Dave KranzlerGold and silver had a sharp run-up in the last two weeks of 2017. However, the abrupt move in gold has been accompanied by a rapid rise in the gold futures open interest on the Comex. Furthermore, based on the last COT report the banks have dramatically increased their net short position and the hedge funds have gotten, once again, extremely net long. I don't like the looks o...Read More
By Daniel R. Amerman, CFAA critical component of financial planning for retirement is that many healthcare expenses are a shared expense for those 65 and older, as a matter of current law and design. A 65 year old pays the same Medicare Part B premiums as a 95 year old, and someone in perfect health pays the same premiums as someone with multiple serious health issues.By law, 25% of total Medica...Read More
By Graham SummersThe 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...Read More
Import prices for steel billet and slab in Southeast Asia held steady over the past week, with end-users of the former and non-Chinese mills being slow to react to lower offers from China, while the rainy season dampened demand for the latter.Metal Bulletin's assessment of import prices for billet in Southeast Asia was $530-545 per tonne cfr for the week ended Monday January 22, unchanged from a w...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
Peter KrauthLast week, I showed you several charts that prove a powerful gold bull market is back.Today, I'm here to show you that it's got good company.You see, silver and gold usually travel in a pair. So the silver bull is also back.And given silver's volatility and leverage to gold, I think every investor should be positioned in this precious metal right now.As you'll see from the charts I'm g...Read More
Every week there is some news to for traders and investors to think about. Long term and medium term investors need not scrutinize news in a big way. Short term investors and day traders have to look at each and every news item as it is difficult to predict a reaction after any news. One should have key technical support before hand with him. One should also look for breakout price points and th...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
CIS export rebar and wire rod prices continued to climb in the week ended Monday January 22 despite the downbeat mood in the steel billet segment.This was due to the reduced availability of material, mostly wire rod, in the markets because mills have already sold out their February volumes.Metal Bulletin's weekly price assessment for CIS wire rod exports was $585-590 per tonne fob Black Sea on Jan...Read More
Russian producers have announced increasing prices for hot- and cold-rolled steel sheet from February production for domestic buyers, citing high prices and demand in the export market."It was predictable that mills would increase prices, because we are seeing rising export prices and a strong market for [steel] slab," a trader told Metal Bulletin.Metal Bulletin's price assessment for Russian 4mm...Read More
Prices for CIS-origin hot-rolled coil (HRC) and cold-rolled coil (CRC) remain high, with producers almost sold out of February-rolled material."The market is frozen because mills don't have material," a trader told Metal Bulletin on Monday January 22. He added that it was possible to buy CRC from Russian mills, but HRC was totally sold out.Meanwhile, March-rolled material was available from Ukrain...Read More
Base metals prices on the London Metal Exchange mostly closed in positive territory on Monday January 22 on continued support from the weaker dollar.Lead prices closed back above $2,600 per tonne and close to seven-year high levels. The global refined lead market recorded a deficit of 169,000 tonnes year-to-date through November 2017, according to the International Lead & Zinc Study Group. "The st...Read More
The latest metal markets news and price moves to start the North American day on Monday January 22.Base metals prices on the London Metal Exchange were higher across the board in morning trading, with the dollar still weak.The three-month lead price remains robust on Monday. It climbed above $2,600 per tonne this morning, before retreating slightly, supported by tightness in the market and a bulli...Read More
RAPAPORT... India's polished-diamond exports increased 2.1% to $23.09billion in 2017 as the nation shipped out a higher volume of goods. By weight, exports jumped 14% to 37.3 million carats, whilethe average price slipped 11% to $620 per carat, Rapaport calculations show. Netpolished exports - representing exports minus imports - jumped 3.8% to $20.71billion, according to the figures, which are ba...Read More
Good morning from Metal Bulletin's office in Shanghai, as we bring you the latest news and pricing stories on Monday January 22.Copper prices on the Shanghai Futures Exchange edged lower during Asian morning trading on Monday, following a further increase in SHFE deliverable red metal stocks last week.Copper recorded the biggest stock increase across the SHFE base metals complex last week, with SH...Read More
RAPAPORT... Jewelers of America picked the winners of its 16th annual GEM Awards, held on Friday in New York. Irene Neuwirth of Irene Neuwirth Jewelry won in the jewelry-design category for her modern style using raw, unmanufactured gemstones, while Marion Fasel took home the prize for media excellence for online magazine TheAdventurine.com.The retail-innovation award went to Moda Operandi, which...Read More
JOHANNESBURG (miningweekly.com) – LSE-listed Gem Diamonds on Monday reported that it has the recovered a 149 ct, D-colour Type IIa diamond, with excellent shape, from its 70%-owned Letšeng mine, in Lesotho.This is the fourth high-quality diamond of over 100 ct recovered so far this year, and follows closely upon the recovery of the exceptional 910 ct diamond on January 15.Letše...Read More