By Graham SummersIt's no secret that Central Banks have been funneling liquidity both directly and indirectly into stocks. However, what most investors don't realize is that this liquidity pump is about to end.Why?Because the endless streams of liquidity (Central Banks continue to run QE programs of $100+ billion per month despite the global economy stabilizing) have unleashed inflation.Forget t...Read More
Author and analyst Rob Kirby joins Sprott Money to answer questions on topics ranging from precious metals, the mining shares to the future of the Canadian dollar.Rob Kirby is a financial commentator and former broker who worked on an institutional trading desk for most of the 1980s and right up until 1996. He also worked for 11 years at Prebon Yamane, an international inter-dealer broker of forei...Read More
Turkey's Tosyali Holding is planning to build a steel plant in Ethiopia, Africa, the company announced this week.The mill will produce billet and rebar, and will reduce the country's reliance on imports, chairman Fuat Tosyali said on Wednesday January 17.The company chairman visited Ethiopia last week to meet with the country's minister of foreign investments, Aklilu Hailemicheal.Fu...Read More
By Gary SavageThe liquidity will flow into commodities causing inflation...just like it did in 2008. This time the bubble will be in the precious metals market instead of the energy markets though. The metals have held up much better than the rest of the commodity sector. Big money has been accumulating all last year in preparation for what happens when the stock bubble pops. This is why stocks...Read More
By Ira EpsteinApple's announcement of repatriation and one-time tax payment of $38 billion lifts the Dollar and sinks gold.https://www.iraepstein.com/ Read More
The bull market's blow-off-like trajectory has steepened, if such a thing were imaginable, with Wednesday's 322-point rally in the Dow. The blue chip average is ostensibly headed to the 27,251 target shown, and although this Hidden Pivot resistance is worth shorting, I wouldn't recommending standing in the herd's way if it is exceeded by more than 10-15 points. The broad averages reportedly are...Read More
YouTube as you know it is being systematically destroyed...Read More
Turkish domestic rebar and wire rod prices continued to remain firm this week, in line with good demand in the country's local market.Metal Bulletin's weekly price assessment for domestic rebar on Thursday January 18 was $570-575 per tonne ex-works, widening upward from the $570-572 per tonne of last week.The domestic...Read More
- Latest bitcoin, crypto crash causes gold coin and bar demand to surge- Bitcoin down 40% from high, Ripple down 50% and Ethereum down 30%- Ripple and 'Digital gold' Bitcoin fall past key psychological price levels- $300bn wiped from cryptocurrency fortunes in just 36 hours- New research says that there is 'Price Manipulation in the Bitcoin Ecosystem'- Savvy crypto buyers converted their short...Read More
President Donald Trump's "Fake News Awards," widely mocked by the mainstream media, served to shine a light on the unprecedented hostility between his administration and the press. While Trump's critics accuse him of waging a war on free speech itself, he is in fact at war with a specific milieu saturated with bias and committed to wrecking the Trump presidency, legal and media analyst Lionel of L...Read More
The Federal Reserve's beige book stressed on the sustained strength of the US economy. This implies quicker interest rate hikes. Gold fell as a result. To me the correction in gold and silver is a part of the impeding sharp rally. However if gold and silver fall today, then chances of $1292 and $1673 and below will be very high. Short term buyers will turn into sellers. It's a big day for gold a...Read More
Car sales in America, US Treasury market, China & more...Read More
The Turkish deep-sea scrap market continued to remain quiet on Thursday January 18, with Turkish steel mills staying away due to the current high prices, sources told Metal Bulletin.Turkish steel producers were expecting to be back for more February cargoes, but they are struggling with softening rebar export values and weak demand in the country's major export markets.Suppliers in the United Stat...Read More
‘Digital Gold’ Bitcoin Flight To Safe Haven Physical Gold– Latest bitcoin, crypto crash causes gold coin and bar demand to surge– Bitcoin down 40% from high, Ripple down 50% and Ethereum down 30%– Ripple and ‘Digital gold’ Bitcoin fall past key psychological price levels– $300bn wiped from cryptocurrency fortunes in just 36 hours– New rese...Read More
Tradingposition (short-term; our opinion): No positions are justifiedfrom the risk/reward perspective.OnTuesday, crude oil hit a fresh 2018 high of $64.89, but then reversed anddeclined very quickly, erasing most of Friday increase. What encouraged oilbears to act and how did this decline affect the short-term picture?Yesterday,the Energy Information Administration said that U.S. oil output is exp...Read More
Seaborne iron ore prices saw marginal gains on Thursday January 18 with Metal Bulletin's 62% Fe Iron Ore Index nudging up amid rising port prices and a stronger futures market. Metal Bulletin's 62% Fe Iron Ore IndexToday: $74.87 per tonne cfr Qingdao Daily change: Up by $0.36 per tonne per tonne Month-to-date average: $76.64 per tonne Metal Bulletin's...Read More
It's no secret that Central Banks have been funneling liquidity both directly and indirectly into stocks. However, what most investors don't realize is that this liquidity pump is about to end.Why?Because the endless streams of liquidity (Central Banks continue to run QE programs of $100+ billion per month despite the global economy stabilizing) have unleashed inflation.Forget the "official" date....Read More
"We see gold becoming bullish when it breaks over $1,400 [an ounce] and the mid-$1,400's, which it hasn't done in years, so it's still in that trading range," he said, "we don't see a big downside risk in gold." Gerald Celente is a pioneer trend strategist and founder of The Trends Research Institute. He is the author of the national bestseller Trends 2000: How to Prepare for and Profit from the C...Read More
Metals are setting up for that “Rip Your Face Off Rally”. The following charts for Gold and Silver show a very interesting setup that is unfolding as the US markets continue to strengthen – that being that the Metals are showing strength in price and we can only assume this is related to some level of FEAR in the markets or expectations that the “Equities and Bitcoin...Read More