Turkish steel mills returned to the deep-sea scrap markets for material at lower prices on Wednesday January 24, after a short break for price negotiations.Metal Bulletin's daily index for Northern European HMS 1&2 (80:20) closed the day at $346.50 per tonne cfr, down by $7.44 per tonne day-on-day.The daily index...Read More
For greed all nature is too little.Seneca Whenever the masses fully embrace a market, trouble is usually close at hand, and that's what occurred with bitcoin; the masses were completely enamoured with Bitcoin. The masses were euphoric and were expecting bitcoin to soar to the next galaxy. Wild targets of $100,000 were being issued that sounded more like the ravings of a lunatic than of an exper...Read More
What does 2018 hold for investors? In this episode, Robert & Kim are joined by Dennis Gartman, publisher of The Gartman Letter. Gartman has been actively investing and publishing for over 40 years, and oftentimes offers a contrarian's view. Find out what his projections are for gold, stocks and commodities.Robert Kiyosaki is best known as the author of Rich Dad Poor Dad, the #1 personal finance bo...Read More
By Gary TanashianAs the long-term interest rate Amigo continues upward, the anti-USD 'inflation trade' continues onward and more and more gold bug writers emerge from the woodwork, it is time for a little antidote to the inevitable pitches and hype to come.Everything is playing to script and with this little pullback to a higher low in the miners being resolved in the favored direction, the writ...Read More
Iron ore prices remained steady around $74 per tonne cfr China on Wednesday January 24 amid mixed signals from China's steel and futures markets.Metal Bulletin's 62% Fe Iron Ore Index Today: $74.53 per tonne cfr Qingdao Daily change: up by $0.24 per tonne Month-to-date average: $76.38 per tonne Metal Bulletin's 58% Fe...Read More
Billionaire hedge-fund manager Ray Dalio said that the bond market has slipped into a bear phase and warned that a rise in yields could spark the biggest crisis for fixed-income investors in almost 40 years.Ray Dalio is an American businessman and founder of the investment firm Bridgewater Associates, one of the world's largest hedge funds. In 2012, Dalio appeared on the annual Time 100 list of th...Read More
Source: Streetwise Reports 01/23/2018 Technical analyst Jack Chan charts the latest movements in the gold and silver markets. -->Our proprietary cycle indicator is up.The gold sector is on a long-term buy signal. Long-term signals can last for months and years and are more suitable for investors holding for long term.The gold sector is on a short-term buy signal. Short-term signals can last...Read More
- Cyber war is increasing threat - Investors are not prepared for- Third most likely global risk in 2018 is cyber war say WEF- "Scale and sophistication of attacks is going to grow"- EU, US, NATO lay down ground rules for offensive cyber war- Ireland is viable target for attackers but is 'grossly unprepared for cyber war'- UK should expect attack that cripples infrastructure within 2 years- Tru...Read More
Prices for iron ore fines were relatively steady on Wednesday January 24 amid mixed signals from China's steel and futures markets, but premiums for lumps continued to rise.Key drivers China's steel futures continued to outperform those for iron ore, with the benchmark rebar and hot rolled coil contracts ending around 1% higher than the previous day's settlement price, while that for iron ore clos...Read More
"The technical barrier [to cloning primates] is now broken." Continue...Read More
Iranian export billet and slab prices strengthened over the week ended on Wednesday January 24 with renewed bookings, Metal Bulletin has heard.Metal Bulletin's weekly price assessment for Iranian export billet was $508-510 per tonne fob on January 24, against $500-510 per tonne fob a week earlier.Khouzestan Steel, the country's largest billet exporter, was seeking $515-520 per tonne fob in...Read More
Topics:-Coming Currency War with China-What if China decided to stop buying U.S. Treasuries?-Global financial war games-Political Triad: Trump - China Trade War - North Korea-U.S. Federal Reserve weak dollar policy-Inflation expectations could spike gold prices-China & Russia exploding gold reserves-Currency Wars explained-Protecting your assetsJim Rickards is a lawyer, investment banker and econo...Read More
For the past few years the "strong dollar" has been so central to the global financial story - enabling ever-lower interest rates Continue...Read More
China's domestic rebar prices held steady on Wednesday January 24 with rising futures providing some support to the spot market.Domestic Eastern China (Shanghai): 3,850-3,900 yuan ($601-609) per tonne, unchanged Northern China (Beijing): 3,900-3,950 yuan per tonne, unchanged Rebar futures experienced a slight increase during the day, which failed to stimulate too much buying interest in the spot m...Read More
Gold may be considered to be a bet against the U.S. dollar. The depreciation of the greenback supported the yellow metal in 2017. The price of gold managed to rise last year in rather unpleasant macroeconomic environment mainly thanks to the weakness of the U.S. dollar. Now, the key question is whether the bearish trend in the greenback will continue or we will see a trend reversal (or actually a...Read More
We called this explosive Trump rally. Right after the election... After Dow futures fell 800 points overnight and the S&P 500 and Nasdaq futures hit their Continue...Read More
Rick Rule, founder and chairman of Sprott Global Resource Investments Ltd., began his career in the securities business in 1974. He is a leading American retail broker specializing in mining, energy, water utilities, forest products and agriculture. His company has built a national reputation on taking advantage of global opportunities in the oil and gas, mining, alternative energy, agriculture, f...Read More
As the long-term interest rate Amigo continues upward, the anti-USD ‘inflation trade’ continues onward and more and more gold bug writers emerge from the woodwork, it is time for a little antidote to the inevitable pitches and hype to come.Everything is playing to script and with this little pullback to a higher low in the miners being resolved in the favored direction, the writer bugs...Read More
Transaction confirmation times have risen substantially; this, in turn, has led to an increase in the failure rate of transactions denominated in fiat currencies.Continue...Read More