- Gold gains 0.6% in USD and surges 1.7% in euros and pounds- European stocks fall more than 3% at the open after sharp falls in Asia- DJIA falls 1,175 points, S&P 500 down 4.1% and Nikkei plummets 4.7%- Gold rises from $1,330 to $1,342, ?942 to ?960 and EUR1,067 to EUR1,085 /oz- Bitcoin crashes another 10% and has now plummeted by 70% to below $6,000- Increased risk aversion will drive safe hav...Read More
"may also arise from the recent UK, and other states, practice of targeting suspected terrorists outside of the armed conflict itself and the meaning and application of a state's right to self-defence.Continue...Read More
"I would say that particularly for women, you're absolutely right, they will bear the brunt of looking for the food, looking for the firewood, looking for the place to migrateContinue...Read More
In the next downturn (which may have started last week, yee-haw), the world's central banks will face a bit of poetic justice: To keep their previous policy mistakes from blowing up the world in 2008, they cut interest rates to historically - some would say unnaturally low levels, which doesn't leave the usual amount of room for further cuts.Now they're faced with an even bigger threat but are...Read More
At the end of last week, gold encountered a couple of headwinds. Will they topple the yellow metal?First Gust of Wind: FedAs we predicted, the last FOMC meeting turned out to be more hawkish than expected. On January 30, we wrote:(…) the Fed has its own meeting this week. We could see a hawkish strike, especially that it will be the last Yellen’s meeting and she has nothing to lose. T...Read More
Most rebar and billet prices in the United Arab Emirates and Saudi Arabia fell this week, while the import market stayed quiet, sources told Metal Bulletin on Tuesday February 6. But strong demand for local rebar in the UAE meant that domestic prices remained firm this week. Domestic rebar The major rebar producers in the UAE announced new prices on January 16 and they have rem...Read More
Barely a week after it set another record high, the Dow just suffered its worst one-day loss in its entire history.Continue...Read More
By Steve St. AngeloUnfortunately for crypto investors "HODLING" onto Ripple, their huge gains have been wiped out in just the past few weeks. While Ripple's price surged to massive percentage gains in a short period, it came down just as fast. Unbelievably, Ripple's price surged from less than a penny in March 2017 to a peak of $2.81 on Jan 1st, 2018.Ripple's stunning price increase would ha...Read More
– Gold gains 0.6% in USD and surges 1.7% in euros and pounds– European stocks fall more than 3% at the open after sharp falls in Asia– DJIA falls 1,175 points, S&P 500 down 4.1% and Nikkei plummets 4.7%– Gold rises from $1,330 to $1,342, £942 to £960 and €1,067 to €1,085 /oz– Bitcoin crashes another 10% and has now plummeted by 70% to below $...Read More
By Frank HolmesOn the campaign trail, then-presidential candidate Donald Trump pledged to invest as much as $1 trillion in U.S. infrastructure if he were elected. Last week during his first State of the Union address, now-President Trump added half a trillion dollars more to that figure.The hefty price tag likely raised some eyebrows among Congress members, but Trump is right in aiming high to f...Read More
The markets just changed.Few understand what happened to the financial system after 2008. What happened was that the debt based financial system began to implode as debt deflation took hold. The scary thing is that it wasn't even a large amount of debt deflation.Remember the 2008 Crisis? That time when everyone thought the world was literally going to end? It's that small dip in the dotted line be...Read More
The Turkish steel mills have returned to the deep-sea scrap markets for two US cargoes, after a short break for negotiations, sources said on Tuesday February 6.A steel mill in the Izmir region booked a US cargo on February 6, comprising 15,000 tonnes of HMS 1&2 (80:20) at $343 per tonne, 20,000 tonnes of shredded at $348 per tonne and 5,000...Read More
Monday's monster stock selloff is exhibit A for why I frequently recommend a 10 percent weighting in gold, with 5 percent in bullion and jewelry, the other 5 percent in high-quality gold stocks, mutual funds and ETFs.What began on Friday after the positive wage growth report extended into Monday, with all major averages dipping into negative territory for the year. The Dow Jones Industrial Average...Read More
February 6th, 2018,Vancouver, B.C. - Northern Vertex Mining Corp. (TSX.V: NEE)(OTC Nasdaq Intl.: NHVCF)(the "Company" or "Northern Vertex") is pleased to announce that it has commenced stacking ore on the newly completed leach pad at the Moss mine. Approximately 7,800 tons of ore have been stacked to date, and production is ramping up towards an initial stacking rate of 2,500 tpd. All of the cru...Read More
Gold is all the rage right now. And some apparently think that if you aren’t outright ‘bullish’ you are unaware or unintelligent.Those who ply the trade for a living (i.e. advisors, investors, traders, writers) all seem to be on the same page. Even fundamentalists and technical analysts are teammates. Sort of.The U.S. dollar is in the headlines, so naturally, most of the explanat...Read More
CloseGain/LossGold $1321.70-$14.60Silver$16.60-$0.10XAU82.10-1.17%HUI181.87-2.12%GDM620.26-2.27%JSE Gold1193.12-7.05USD89.71+0.11Euro123.77-0.15Yen91.34-0.03Oil$63.39-$0.7610-Year2.802%+0.071T-Bond145.625-0.0625Dow24912.77+2.33%Nasdaq7115.88+2.13%S&P2695.14+1.74% The Metals: Gold gained $9.70 to $1346.00 in early Asian trade and held most of those gains into London, but it then fell back o...Read More
The markets just changed.Few understand what happened to the financial system after 2008. What happened was that the debt based financial system began to implode as debt deflation took hold. The scary thing is that it wasn't even a large amount of debt deflation.Remember the 2008 Crisis? That time when everyone thought the world was literally going to end? It's that small dip in the dotted line be...Read More
In terms of time, a short-term secondary low is due for gold here in the current timeframe, originally projected for the February 7th date, but with the normal plus or minus variance of a day or two in either direction. The current decline comes as a result of the 10, 20 and 34-day cycles, each of which have been pointing south off the 1370 swing top - and with the combination of the same at or in...Read More
Index futures were getting savaged late Monday night as DaBoyz worked feverishly to exhaust sellers so that They can run stocks up the ol' wazoo ahead of the opening bell. This is a dangerous game, even for the thimble riggers who control America's securities exchanges. I'd flagged the 2533.50 downside target shown (click thumbnail inset) for the E-Mini S&Ps less than an hour ago, when it look...Read More
Turkish domestic auto bundle scrap prices have gone down slightly this week, while ship scrap prices have remained stable, sources told Metal Bulletin on Monday February 5.Metal Bulletin's weekly price assessment for domestic auto bundle scrap (DKP grade) was TRY1,190-1,400 ($315-371) per tonne delivered on Monday, widening downward from last week's $1,210-1,400 per tonne.The slight change in the...Read More