* Chinese currency depreciation to help exports * Copper's resistance at $6,110 where moving averagesconverging (Updates with closing prices)By Pratima DesaiLONDON, Jan 9 (Reuters) - Copper prices climbed to one-weekhighs on Wednesday after reports of fresh stimulus in topconsumer China and signs of progress in Sino-U.S. trade talksreinforced expectations of stronger growth and demand.Benchmark co...Read More
Concentrate exports from Indonesia's Grasberg mine, the world's second-largest copper mine, will drop about 85% this year because of a lag in output while operations shift from open pit to underground mining, a government official said on Wednesday.Shipments this year are expected to fall to 200,000 tonnes from an estimated 1.2 million tonnes last year, Yunus Saefulhak, director of minerals at Ind...Read More
Published8:21PM ET Tue,8 Jan 2019Updated6 Hours AgoReuters Simon Dawson | Bloomberg | Getty ImagesGold will continue to shine amid a weak dollar, says author and gold pro Jim Rickards.Palladium scaled a fresh all-time high on Wednesday after a Chinese official said the government was contemplating policies to increase domestic buying of automobiles, while gold was propped up by a falling dollar...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average rose for a third straight day amid cautious optimism over the prospects for a trade deal between the U.S. and China.Donald Trump said in a tweet that discussions between the world's two largest economies were "going very well."Union Pacific Corp. (UNP) jumped 8.4% after the railway operator said indu...Read More
The Tuesday Market Minute Global stocks trade higher as investors eye progress in U.S. China trade talks, but weaker-than-expected Samsung profit forecast rattles tech markets. Samsung cites softer China demand as it tees-up an 11% fall in fourth quarter sales and smaller-than-expected profits in a "stagnant and fiercely competitive smartphone market" smartphone market.European st...Read More
2019 is looking like one of those either/or years, where growing financial instability leads to either a 2008-style Continue...Read More
Forecasts, Commentary & Analysis on the Economy and Precious MetalsCelebrating our 45th year in the gold businessJanuary, 2019_____________________________________________________________________________________________________________________________Gold mine production by countryDivergent paths among the major global producers tell an important taleSources: MetalsFocus and the World Gold Coun...Read More
By: Gary TanashianThe 3 Amigos were a blogger's way of not boring himself to death while fleshing out important macro indicators month after month.Amigo #1 (SPX/Gold ratio) got home and dropped from target. What's more, it has taken back the ratio's equivalent of the entire Trump rally and that is an eventuality we are very open to on nominal SPX as well.The gaps are interesting and among sev...Read More
John Williams & Chris Waltzek Ph.D. - January 8th, 2019. -- CLICK HERE TO LISTEN NOW (Mp3 file) HighlightsThe founder of Shadowstats.com, a leading online alternative economic-resource offers listener's a financial market overview for 2019.John Williams notes the economic mishaps leading up to the Great Recession of 2008 were mostly ignored.The inordinately large global financial-bubble...Read More
By: Gary ChristensonJohnny Cash sang "Folsom Prison Blues" in 1957. The first verse is:I hear the train a comin'It's rollin' round the bend,And I ain't seen the sunshineSince I don't know when.I'm stuck in Folsom PrisonAnd time keeps draggin' onBut that train keeps a rollin'On down to San Antone.The Federal Reserve operates from The Eccles Building in D.C. Regarding the Fed I suggest changing "F...Read More
Big moves will be there in metals, energies and the US dollar Index only after the outcome of US-China trade talks are known. Till then, the consolidation phase will be there. Focus of the world in on a Chinese slowdown. Long term metal investors are on the sidelines as they expect slower and lower Chinese demand. If the trade talks succeed and all issues comes to an end once and for all, then a...Read More
Peter Schiff is an internationally recognized economist specializing in the foreign equity, currency and gold markets. Mr. Schiff made his name as President and Chief Global Strategist of Euro Pacific Capital. He frequently delivers lectures at major economic and investment conferences, and is quoted often in the print media, including the Wall Street Journal, New York Times, Barron's, BusinessWee...Read More
Real estate has seen quite a rise during the current cycle. However, our economic world is complicated; everything is \connected. While the stock market has been taking its lumps, what will be the effect on real estate? Danielle believes that it's going to come down as well, for a number of reasons. Obviously the wealth effect brought on by rising stock prices can act in reverse. There's also the...Read More
Alasdair Macleod explains why he believes meltdown was predictable and what you can do to at least in part protect yourself against the carnage that lays ahead.Alasdair Macleod is head of research for GoldMoney. He also runs FinanceAndEconomics.org, a website dedicated to sound money and demystifying finance and economics. He has a background as a stockbroker, banker and economist. Read More
"Continue to keep the bitcoins flowing, and we'll continue to keep the truth flowing." Continue...Read More
"Our southern border is a pipeline for vast quantities of illegal drugs," Donald Trump stated last night while expounding the merits of the "big, beautiful wall" Continue...Read More
Roota's plan all along was to run the monetary printing press for as long as possible soaking up all the benefits of free money until the system could not support it anymore and then CRASH EVERYTHING...we have now ARRIVED at that point!Bix Weir has 30 years' experience in the financial industry with various fortune 500 companies. He is the creator of the "Road to Roota Theory" and his commentary i...Read More
As financial markets begin the year with huge volatile swings and job numbers surprise to the upside, Double Down talks to Mish Shedlock of MishTalk.com about what Continue...Read More
JOB GROWTH SURGES BY 312,000 IN DECEMBER Job creation ended 2018 on a powerful note, with non-farm payrolls surging by 312,000 in December though the unemployment rate rose to 3.9 percent. Continue...Read More
If the U.S. health care system was a country, it would have the fifth largest GDP on the entire planet. At this point only the United States, China, Japan and Germany have aContinue...Read More