Gold has big year in 2020 and outlook for this year robust. Learn about monetary expansion and gold future prices.Read More
The gold futures price reached US$1,767/ounce this week before retreating, which was the second time it has surpassed US$1,760 in the past two months, marking some of gold's highest levels in several years.Read More
GRMN and FIVN stocks are ready to continue their technical outperformance todayGarmin Ltd. (NASDAQ:GRMN) just reported another strong quarter, topping both earnings-per-share and revenue estimates, while also giving a better-than-expected outlook for 2019. The company's CEO Cliff Pemble cited the aviation, marine, outdoor, and fitness businesses as drivers for the upbeat results. Revenue from the...Read More
Domestic prices for hot-rolled coil (HRC) in Southern Europe have increased over the past week, supported by higher import offers, sources told Fastmarkets on Wednesday February 20.In Northern Europe, domestic prices picked up slightly, but buyers largely resisted the rises. This region's steel sector has traditionally been less exposed to the influence of imports and more focused on its domestic...Read More
Trump has hinted at pushing back the March 1 trade deadlineDow Jones Industrial Average (DJI) futures are marginally lower today, as Wall Street remains focused on U.S.-China trade talks. Specifically, President Donald Trump hinted at a possible extension to theMarch 1 deadline, when tariffs on Chinese imports are set to increase. Elsewhere, traders are awaiting the Federal Reserve's minutes from...Read More
How you can transform lagging indicators into leading indicators.Despite the strong January kick-start to 2019, many investors are still apprehensive of what's to come, especially considering some of the latest market-moving events -- think Fed policy announcements, U.S.-China trade negotiations, and earnings season, to start.While it's certainly no crystal ball, becoming familiar with the various...Read More
By: Craig Hemke, TF MetalsOver the past few months, we've written frequently about palladium and the threat it poses to The Banks' Fractional Reserve and Digital Derivative Pricing Scheme. As palladium prices are continuing to rise, we thought it best to explain this dynamic again today.A few years back, my friend Max Keiser coined the phrase "buy silver, crash JP Morgan". Back then it was hoped...Read More
- Jim Willie interviews Mark O'Byrne of GoldCore about the slowly erupting Global Financial Crisis II and the importance of being financially prepared but also "psychologically prepared" - "Not a single thing has been fixed" and vitally important people prepare now for the "next phase" of the currency wars and the global financial crisis which is set to impact financial markets, stocks, bonds,...Read More
DOWNLOAD MP3Welcome to this week's Market Wrap Podcast, I'm Mike Gleason.Coming up Chris Martenson of PeakProsperity.com and famous author of The Crash Crouse and his latest book Prosper! joins me to dissect what's behind the Yellow Vest movement in France and why the mainstream media and those in power simply don't want you to know what's really going on there. Chris also tells us which p...Read More
Bond Market Turned Down & Interest Rates Up - Check!Two-Year yield bottomed September 2011Five-Year yield bottomed July 2012Ten-Year yield bottomed July 2016The 30+ year bond bull market is done.Housing Market Turned Down - Check!Mortgage rates bottomed in July 2016.Mortgage applications have fallen hard.London, Vancouver B.C. and Australian prices are down.New York, San Francisco, and Dallas pr...Read More
Because of its wide availability and exceptional conductivity, copper is found in everything from consumer products to automobiles to semiconductors. Last year global demand for the red metal stood at 23.6 million tons, and by 2027, it's projected to reach just under 30 million tons, representing an average annual growth rate of about 2.6 percent.This phenomenal growth is attributable not just t...Read More
By: RambusBelow is the combo chart which has the HUI on top, the UUP in the middle and GLD on the bottom. Everything looks fine.The GDX daily chart shows a nice breakout and backtest to the top rail of the bullish rising wedge and now the door is open for a move higher.Below is the weekly chart for the GDX which shows the breakout starting to gaining some momentum.Below is the weekly chart for...Read More
By: Ira EpsteinMetals roar to the upside - Palladium explodes to the upside. The world wants to inflate:Read More
ASIAN METALS MARKET UPDATEI am not concerned over the rise in gold prices. I was bullish on gold, I am bullish on gold and I will remain bullish on gold. There will be corrections in gold prices. It will not be a one way traffic. What will be the floor price/bottom price if gold prices fall? To me a correction of $100-$125 are a part and parcel of the bull rally in gold. Right now gold should no...Read More
The percentage of "buy" ratings on SPX stocks just surpassed the 2014 peakA good place to get analyst data is from Zacks, which shows the number of brokerages that are recommending a "buy," "hold," or "sell" rating for each stock. Looking at current S&P 500 Index (SPX) component stocks, the chart below shows the total percentage of recommendations that are a "buy." This data puzzled me for a long...Read More
Europe frets over the stability of Indonesian tin supply, China sees less product coming from Myanmar and US buyers are trying to wait out the current high tin prices. Europe mulls how to make up for lost Indonesian supply Chinese premiums flat while import window closed US sees little spot buying, with buyers said to be waiting for rising LME tin prices to subside.European premiums flatIn Europe,...Read More
Slight price increases have begun to emerge for domestic hollow steel sections in Europe as a result of increases in the upstream steel coil market. ArcelorMittal, the world's largest steelmaker, announced on Tuesday February 19 that its prices for hot-rolled coil, cold-rolled coil and hot-dipped galvanized coil would increase by ?,?30 per tonne with immediate effect. The producer's higher HRC off...Read More
Shanghai zinc premiums softened over the past week on low spot interest due to import losses and a backwardation in London Metal Exchange price spreads, while lead premiums were largely unchanged across the globe, Fastmarkets heard on Wednesday February 20. Shanghai zinc market saw transactions at a lower premium, and import losses hovered around $100 per tonne. The contango of zinc spreads in mid...Read More
Here are five Fastmarkets MB stories you might have missed on Wednesday February 20 that are worth another look.A blockchain pilot project designed to demonstrate the presence of artisanal and small-scale mining sites in the tungsten supply chain is scheduled to be completed in May 2019. Glencore expects healthy future demand for cobalt and a bottoming out of prices after a difficul...Read More
There's still much to come in terms of crypto news 2019. Yet there have already been several significant developments in the global crypto markets just seven weeks into Q1. In a historic first, two of the largest economies in South America settled a trade agreement in Bitcoin.A new browser extension called Tippin allows users to send small BTC tips to users on Twitter via the lightning network.Jap...Read More
Section 232 tariffs on aluminium and steel raised $3.6 billion in their first nine months, and revenues for the last two months are likely to push that figure up by around another $1 billion, US government data shows.That figure would be enough to cover the shortfall in funding sought by United States President Donald Trump for border security. In other words, aluminium and steel tariffs could fun...Read More
The stock that Marin Katusa has been touting as his "FOREVER ROYALTIES" stock in my opinion is Lucara Diamond.He has pitched Lucara many times as you can see here.The royalty part comes into play on Lucara's diamond selling platform Clara.Read More