Domestic prices for cold-rolled coil (CRC) increased in Southern Europe this week and are expected to soon move up further, sources told Metal Bulletin.The rise was supported by a lack of competitive import offers in the market. Metal Bulletin's weekly price assessment for domestic CRC in Southern Europe was ?,?610-640 ($735-772) per tonne ex-works on Wednesday December 17, up from ?,?59...Read More
By Dave KranzlerUsually I'm loathe to stick out price targets on the markets, especially gold and silver, because of the undeniable market invention of the Central Banks - market manipulation which is blatant to the point at which it is now denied only by card-carrying idiots.Gold and silver had a sharp run-up in the last two weeks of 2017. However, the abrupt move in gold was accompanied by a r...Read More
Gerald believes that the US has a major problem. The middle class is continuing its descent into oblivion. The big corporations don't care and are accelerating the trend through their unabashed greed. Gerald doesn't see an upside due in large part to the dumbing down of America. Until people are no longer willing to tolerate the situation, it will continue unabated. Gerald Celente is a pioneer tr...Read More
By Frank HolmesAt the beginning of every year, we update what's typically one of our most popular pages, the Periodic Table of Commodity Returns. I encourage you to explore 10 years' worth of data on basic materials such as aluminum, zinc and everything in between. A word of warning, though the interactive feature makes the table highly addictive. Please feel free to share it with friends and fa...Read More
Domestic prices for hot-rolled coil (HRC) in the EU are expected to rise due to the lack of competitive import offers, sources told Metal Bulletin this week.The price rise is expected to be about ?,?10-20 per tonne and will be reflected in deals for coil from second-quarter rolling, according to market participants. EU mills were reported to be almost fully booked for first-quarter production of H...Read More
Rick Rule joined us today and had some huge news. The wizards of Sprott have been working overtime to bring us a gold-backed/convertible crypto currency. Imagine taking your token and exchanging it for gold! The physical gold will be stored by the Royal Mint of Canada. As Rick likes to say, "Imagine your gold being protected by NATO." There's going to be a tremendous add-on market for ancillary se...Read More
By Jeff ClarkYou undoubtedly know that 2017 was a record-setting year for the broad stock markets. And while gold was up last year despite numerous headwinds, most mainstream investors aren't paying much attention to gold since they keep seeing so much green in their stock portfolios. Even I was taken back by some of the data from the bull market in stocks...The Dow hit a record high 71 times l...Read More
By Mike GleasonListen to the Podcast Audio: Click Here Here's What Arizona, Texas, North Carolina, Virginia, Idaho, Etc. Are Doing...In 2017, Arizona, Louisiana, Virginia, Texas, and North Carolina, and even Minnesota made progress on the sound money front. In 2018, other states could do so as well.36 states have already removed sales taxes from precious metals transactions, and bills being pus...Read More
Domestic prices for rebar in Northern Europe have narrowed upward by ?,?10 per tonne week-on-week amid rising production costs and strong demand, sources told Metal Bulletin on Wednesday January 17.Metal Bulletin's weekly price assessment for domestic rebar in Northern Europe was ?,?550-570 ($674-698) per tonne delivered on Wednesday, up from ?,?540-570 per tonne on January...Read More
Danielle DiMartino Booth, founder of Money Strong, LLC and advisor to Richard Fisher, and talks about how rising interest rates could impact the economy.Danielle DiMartino Booth spent nine years as an advisor to Richard W. Fisher at the Federal Reserve Bank of Dallas. Danielle left the Fed in 2015 to found Money Strong, LLC, an economic consulting firm and launched a weekly economic newsletter She...Read More
2017 was literally the smoothest stretch of highway that US stocks have ever traveled. Rising almost every day and seldom falling hard, they made it virtually impossible for investors to lose money. Here's the Dow Jones Industrial Average over the past two years. Note how unnaturally smooth the recent action was. As a result, measures of volatility (i.e., fear) like the Vix fell to all-time lows...Read More
TOPICS IN THIS INTERVIEW:00:35 Why are we seeing a mass selloff of treasuries?03:35 Is 2018 the breakout year for Gold?04:55 Advice on gold06:15 Yuan gaining strength against the Dollar07:35 Has oil bottomed out?09:50 Trump, tax cuts and the political situation in AmericaJim Rogers co-founded the Quantum Fund with George Soros in 1973, helping to steer the fund to a 4200% return before "retiring"...Read More
By Rory Hall Honest commerce is a good platform from which to have good international relations, Foisting empty dollars on countries around the world whom you trade with, that are created out of thin air, is not conducive to peaceable international relations. Which is the world is in the mess it's in today. Rob Kirby ~The Daily CoinLet's get the year started properly with a visit from Rob Kirby...Read More
Domestic European prices for steel beams increased again this week due to healthy demand from end-users and steep costs for producers, market sources told Metal Bulletin on Wednesday January 17.Metal Bulletin's price assessments for S235-grade, 200 x 200mm category-2 H-beams made in both Northern and Southern Europe moved up by ?,?5 per tonne to ?,?620-650 ($759-796) per tonne delivered on January...Read More
Source: Jack Chan for Streetwise Reports 01/15/2018 Technical analyst Jack Chan charts the latest movements in the gold and silver markets, and says that a falling dollar is supportive for metal prices. -->Our proprietary cycle indicator is up.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.Gol...Read More
By RambusToday the GDXJ is breaking out above its neckline. Again I was looking for a little more chopping action between the neckline and the neckline symmetry line before the breakout, but so far it's not happening. I'm going to take my second position and buy 150 shares at the market at 35.34 with the sell/stop at 33.31 for now. A backtest to the neckline would come in around the 35.10 for a...Read More
By RambusMy past two weekend reports have armed the investor with ideas for the coming year 2018. This week's report summarizes those ideas, updates the current PM rally and adds more ideas to the list. It is important to understand the driving force which will fuel the coming bull market in precious metals so I lay it out. I will then focus on what I consider the best risk/reward Precious M...Read More
Domestic prices for steel wire rod rose by ?,?5-20 per tonne in Southern Europe this week because of higher ferrous scrap costs, sources told Metal Bulletin on Wednesday January 17.Meanwhile, Metal Bulletin's weekly price assessment for domestic mesh-quality wire rod in Southern Europe narrowed upward to ?,?520-550 ($637-674) per tonne delivered on January 17, from ?,?515-530 per...Read More
By Steve St. AngeloThe oil market price is setting up for one heck of a fall. Now, could this large oil correction cause the next stock market crash? Time will tell. However, the indicators in the oil market are showing the largest net commercial short positions in history. The current net commercial short positions in the oil market are even higher by 174,000 contracts than the level wh...Read More
It's no secret that stock markets are at already unsustainable levels and getting more so every day. This has led otherwise intelligent people to question whether standard security valuation tools are still relevant. When prices are rapidly increasing it's easy to believe that valuations don't matter. However, at such time when the market inevitably corrects, Danielle's belief (and mine too) is th...Read More