Duringyesterday’s session silver moved back and forth in a volatile manner on volumethat was the highest since April 2013. There were a few volume spikes in themeantime, but none as big as what we saw yesterday. The silver market is beingvery loud. But are you listening?Itmay be hard to notice silver’s signs with all that’s happening in the USD Indexand given the rally in gold st...Read More
VANCOUVER, British Columbia, Jan. 17, 2018 (GLOBE NEWSWIRE) -- Golden Arrow Resources Corporation (GRG.V) (GAC.F) (GARWF), ("Golden Arrow" or the "Company") is pleased to provide a summary of fourth quarter and year-end 2017 operating results as well as 2018 guidance for Puna Operations Inc., as reported by the project operator, SSR Mining Inc. HighlightsExceeded annual production guidance...Read More
The Turkish steel mills extended their silence in the deep-sea scrap markets on Wednesday January 17, because of tight supply in the US and high prices, according to market participants.The mills were expected to book more cargoes for February, but the weak demand for their finished goods was keeping them out of the market.Meanwhile, the heavy winter conditions along the US East Coast...Read More
DRAWS INITIAL US$3M FROM WORKING CAPITAL FACILITYJanuary 17, 2018, Vancouver, B.C. - Northern Vertex Mining Corp. (TSX.V: NEE) (the "Company") is pleased to announce that it has successfully completed the vendor commissioning phase of the start-up of the Moss Mine crushing plant.The initial testing phase of the crushing plant included 14 conveyors and 4 vibratory rock feeders, the jaw crusher, a...Read More
Today 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
- Gold is the "ultimate and only real money" - Former Reagan White House Budget Director David Stockman - Trump tax cuts will lead to a 'fiscal calamity of biblical proportions'- China downgrades U.S. over political 'deficiencies'- Expect a 'huge reset in the bond market' and a 'massive drop in household wealth'- 'People will flee the stock and bond markets in favour of gold and silver- Time...Read More
Seaborne iron ore prices retreated on Wednesday January 17, as end-users took a cautious approach to procurement amid narrowing marginsMetal Bulletin's 62% Fe Iron Ore IndexToday: $74.51 per tonne cfr QingdaoDaily change: Down by $1.20 per tonneMonth-to-date average: $76.79 per tonneMetal Bulletin's 58% Fe Premium IndexToday: $61.47 per tonne...Read More
Stocks are about to wake up to the risk of "higher rates."As I outlined in my bestselling book, The Everything Bubble: The Endgame For Central Bank Policy, the entire stock market move from the 2009 bottom onwards was induced by the Federal Reserve creating a bubble in US sovereign bonds, also called Treasuries.The idea here was that if the Fed could force bond prices high enough (resulting in ext...Read More
The current decline in the US dollar is just a part of the long term US dollar decline story. Germany has decided to include the Chinese Yuan in its basket of foreign exchange reserves. Other nations will follow soon. Migrants have made Eurozone's economic fundamentals very strong. Migrants will ensure that the Eurozone continues its strong economic growth over the next few years. Nations will b...Read More
Prices for physical iron ore retreated further on Wednesday January 17 amid concerns of a weakening Chinese steel market, and along with them, margins.Key driversPrices for both seaborne iron ore and port materials declined, tracking the general downtrend in the paper market for most of the day, though the benchmark contract for iron ore picked up just before the close of the trading session.China...Read More
Stocks are about to wake up to the risk of "higher rates."As I outlined in my bestselling book, The Everything Bubble: The Endgame For Central Bank Policy, the entire stock market move from the 2009 bottom onwards was induced by the Federal Reserve creating a bubble in US sovereign bonds, also called Treasuries.The idea here was that if the Fed could force bond prices high enough (resulting in ext...Read More
At 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 family!It was a pho...Read More
Secretary of State Rex Tillerson spoke at Stanford University Wednesday afternoon about the future of Syria and the US role in the war. In his talk Continue...Read More
CloseGain/LossGold $1329.00-$10.30Silver$17.02-$0.19XAU89.12-1.27%HUI200.07-2.11%GDM672.24-1.54%JSE Gold1313.51-3.20USD90.71+0.28Euro122.11-0.54Yen90.13-0.68Oil$63.97+$0.2410-Year2.572%+0.029T-Bond150.34375-0.46875Dow26115.65+1.25%Nasdaq7298.28+1.03%S&P2802.56+0.94% The Metals: Gold chopped between $1343.90 and $1332.90 in Asia and bounced back to $1338.90 in London before it fell to a new...Read More
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 introduced this year by sound money advocates in Alabama and...Read More
Stocks are about to wake up to the risk of "higher rates."As I outlined in my bestselling book, The Everything Bubble: The Endgame For Central Bank Policy, the entire stock market move from the 2009 bottom onwards was induced by the Federal Reserve creating a bubble in US sovereign bonds, also called Treasuries.The idea here was that if the Fed could force bond prices high enough (resulting in ext...Read More
"We have a deep sense of responsibility to give back to our country and the people who help make our success possible," CEO Tim Cook said.Continue...Read More
China's domestic rebar prices bounced back on Wednesday January 17 amid gains in the futures market.Domestic Eastern China (Shanghai): 3,740-3,800 yuan ($581-590) per tonne, up 30-40 yuan per tonne Northern China (Beijing): 3,770-3,800 yuan per tonne, up 20 yuan per tonne The benchmark May rebar futures contract traded at levels above Tuesday's settlement price of 3,814 yuan per tonne during most...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
Full Article: FED Actions Should Pressure GoldBy: Todd "Bubba" Horwitz"Once again, the master manipulators, better known as the Federal Reserve, are manipulating dollars to try and keep interest rates low. They are scared to death that rates will get away from them, as they have every time. They have tried to control and keep them artificially low.The entire QE program has been a debt building bu...Read More