By Craig HemkeWithin this current fractional reserve and derivative pricing system, it's sometimes easy to anticipate price rallies and slams by observing The Bullion Banks and their practice of increasing and decreasing the total open interest of contracts on the COMEX. Our most recent example of this came back in December. With price down near $1250 in COMEX gold, we anticipated a bottom and a...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 ab...Read More
Healthy profit margins sent China's crude steel output to a new high in 2017 after dropping closer to the 800-million-tonne mark in the two preceding years. The world's second-largest economy produced a total of 831.73 million tonnes of crude steel last year, according to data released by the National Bureau of Statistics (NBS) on Thursday January 18. This is up 5.7% from a year earlier, the burea...Read More
Silver has plenty of room to run due to increasing demand and shrinking supply, according to the Silver Institute.Continue...Read More
As you may recall we nailed the Bitcoin top within 2 days. Here is the chart from the update of 18th December... And here is the latest chart showing what has happened since... As Bitcoin is still at a very high level historically, it is considered worthwhile for those hapless individuals (not us) who bought Bitcoin in the recent past to make a tactical switch on opportunity cost grounds into...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 term...Read More
Gold is technically overbought and the U.S. dollar is technically oversold, so we could see the price swing back regardless of what happens withContinue...Read More
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
China's domestic rebar market maintained its upward momentum on Thursday January 18 amid active trading. Domestic Eastern China (Shanghai): 3,760-3,830 yuan ($584-595) per tonne, up 20-30 yuan per tonne Northern China (Beijing): 3,800-3,820 yuan per tonne, up 20-30 yuan per tonne Trading houses actively purchased rebar throughout the day to build up their inventories on seeing the steady gains in...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
Robust nickel prices appear to be providing some support to East Asia's stainless steel market amid persistently weak demand.Chinese producers are raising their offers for both stainless cold-rolled coil and hot-rolled sheet due to higher prices for nickel this month, despite soft demand and low bids from buyers.The three-month nickel contract on the London Metal Exchange is averaging at $12,649 p...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
- 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
Full Article: Silver Antidote to Bubble CrazinessBy: Gary ChristensonCHARACTERISTICS OF BUBBLE CRAZINESS:U.S. stocks, according to many measures, are the most over-valued in history. We live in a Bubble Zone!Bitcoin and other cryptos are definitely in a bubble, but they could rise even higher.Full Article: Silver Antidote to Bubble CrazinessBy: Gary ChristensonDisclaimer (C) 2010 Junior Gold Re...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
Mexico's Ministry of Economy has removed definitive countervailing duties on certain imports of graphite electrodes from China and the United Kingdom, according to the International Rebar Producers & Exporters Association (Irepas).Effective immediately, Mexico will not apply duties to graphite electrode imports from China or the UK, Irepas said on Wednesday January 17. Mexico imposed duties as hig...Read More
Healthy profit margins sent China's crude steel output to a new high in 2017 after dropping closer to the 800-million-tonne mark in the two preceding years. The world's second-largest economy produced a total of 831.73 million tonnes of crude steel last year, according to data released by the National Bureau of Statistics (NBS) on Thursday January 18. This is up 5.7% from a year earlier, the burea...Read More
TOPICS IN THIS INTERVIEW:01:00 War games with North Korea - what happens next04:30 Is there any reason to fear N.Korea06:45 China holding US debt and the mass selloff of treasuries12:10 Gold's outlook for 201815:25 US equity markets and Iran19:15 The bubble mentality in stocks and cryptocurrencies22:00 Where to find out more from Gerald CelenteGerald Celente is a pioneer trend strategist and found...Read More
Summary of BHP's production results for the three months ended December 31, 2017.(year-on-year change) Copper 429,000 tonnes, +20% Iron ore 62 million tonnes,...Read More