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
Bloomberg said GE has filed IPO papers for its healthcare unitThe shares of General Electric Company (NYSE:GE) are trading up 7.1% today at $7.79, after Bloomberg reported the company has filed confidentially for an initial public offering (IPO) of its healthcare unit. Plus, GE stock was upgraded for the second time in the past week -- with Vertical Research Partners lifting its rating to "buy" --...Read More
The three-month nickel price on the London Metal Exchange fell by 0.7% below its traditional support level of $12,000 per tonne during morning trading on Monday May 20, although thin trading volumes have capped further downside movement. The metal's futures price was recently traded at $11,910 per tonne. Despite total LME stocks remaining at a seven-year low at just 164,100 tonnes, commodity trade...Read More
My readers know that I'm a longtime critic of bitcoin. Bitcoin rose from about $2,000 in May 2017 to $20,000 by December 2017 in one of the greatest asset price bubbles in history.I argued repeatedly that it was nothing but a massive bubble and that the bubble would probably burst when it hit $20,000.In late 2017 it did.Bitcoin crashed from $20,000 all the way to $3,300 by December 2018 - an 83.5%...Read More
The United States copper premium continued to rise in the week to Wednesday August 4 and the Shanghai copper premium also rose due to a high import appetite despite arbitrage losses, sources told Fastmarkets.US copper premium range widens upwardFastmarkets adjusted its copper grade 1 cathode premium, ddp Midwest US to 8-9 cents per lb, the highest assessment in over a decade. This reflects a...Read More
E3 Lithium (TSXV: ETMC; US-OTC: EEMMF) has started drilling a brine production well - which it says is Alberta's first - for evaluating lithium in its Clearwater project.The well, located east of the town of Olds, will provide the company with data such as brine chemistry, lithium concentrations and the reservoir characteristics of the project, which E3 plans to use to upgrade its resource estimat...Read More
Sector expert Michael Ballanger offers insights from bear markets of the past to illuminate the "business of money." How quickly we forget.In each of the last five bear markets since the 1970s, I have etched into my neural storage unit memories as strong and clear as if they happened yesterday. Each one of those nasty declines were accompanied with events that marked the tops and bottoms, consis...Read More
"$SBM #InvestorPresenation ??"^???"Staying the course and keeping a logical perspective may assist the investor with making the tricky portfolio decisions when necessary#SironaBiochem #Biotech #SkinCare #Proactiv #Rodan+Fields #tsxv #SmallCaps #MomentumStockshttps://t.co/mt0f0r2GCZ"Read full newsRead More
News that every single ounce of silver production is being aggressively competed for is an extremely bullish driver for silver. Here are the details...Samuel Briggs via KinesisAndrew Maguire shares word that Standard Chartered bank is competing aggressively with JP Morgan for physical silver.3 fresh bullish drivers for silver. The sweet spots for gold and silver ahead of next week's options expir...Read More
Through its subsidiary, Zijin International Holdings, the company hopes to secure the exploration rights for the mine in Hotan County, Xinjiang, which is being offered by the Department of NaturalRead More
*This interview was first published on 10/12/18James Rickards discusses interest rates, the stock market, the US economy, precious metals, the risk of financial calamity, the future of the Fed and much more.Jim Rickards is a lawyer, investment banker and economist with over thirty years' experience in capital markets. He is currently Chief Global Strategist at Meraglim. He advises the Department o...Read More
ANKARA (Reuters) - The European Union said Turkey needs to “take decisive action to reverse the current trend in the rule of law and fundamental rights,” according to a joint statement following meetings between the two sides on Thursday.Earlier on Thursday, top EU officials rebuked Turkey over its arrests of journalists and academics and the long pre-trial detention of a Kurdish polit...Read More
Rebar and wire rod prices in Turkey's domestic market fell on Thursday November 22, on a stronger lira and poor demand, sources told Fastmarkets.The Fastmarkets weekly price assessment for domestic rebar in Turkey was TRY3,080-3,220 ($576-602) per tonne ex-works, down from TRY3,250-3,400 per tonne.Rebar in the Izmir and Karab? 1/4 k regions was TRY3,100-3,200 per tonne, while in the Istanbul...Read More
LONDON (Reuters) - Britain and the European Union agreed a draft text setting out a close post-Brexit relationship on Thursday, though wrangles over fish and the future of Gibraltar must still be settled before leaders meet on Sunday.Below are initial reactions from lawmakers within Prime Minister Theresa May’s Conservative Party who are unhappy with the deal:Conservative lawmaker Andrea Jen...Read More
BEIJING/SHANGHAI (Reuters) - Tesla Inc (TSLA.O) is cutting the price of its Model X and Model S cars in China, the U.S. firm said on Thursday, in a shift in strategy that will see it take more of a hit from tariffs linked to a biting trade war between China and the United States.The electric carmaker, led by billionaire CEO Elon Musk, said it will cut prices of the two models by 12-26 percent to m...Read More
MOSCOW (Reuters) - Russia hopes that all 20 members of the group of industrialized nations will support a multilateral approach to international trade regulation when they meet in Argentina next week, Russian G20 negotiator Svetlana Lukash said on Thursday.Lukash said G20 leaders, who will meet in Buenos Aires on Nov. 30, will discuss issues of global trade, climate change and international cooper...Read More
Turkish long steel export prices have gone down sharply on sluggish demand and falling global steel and scrap prices, sources said on Thursday November 22.Fastmarkets' weekly price assessment for rebar exports out of Turkey was $490-500 per tonne fob on an actual weight basis on Thursday, down from last week's $505-510 per tonne.The mills in the country lowered their offers to $500-510 per tonne f...Read More
BEIRUT (Reuters) - Lebanon marked 75 years of independence on Thursday but while the military staged an invitation-only parade, many citizens saw little to celebrate with the nation’s economic problems and political stalemate deepening.As the army closed off streets for its ceremony, protesters angry at worsening living conditions marched through Beirut under the slogan: “Our independe...Read More
YOKOHAMA, Japan/PARIS (Reuters) - Nissan Motor Co’s (7201.T) board voted unanimously to oust Chairman Carlos Ghosn on Thursday after the shock arrest of the industry heavyweight, ushering in a period of uncertainty for its 19-year alliance with Renault (RENA.PA).The Japanese firm said its board also voted to remove Greg Kelly - who like Ghosn has been arrested after allegations of financial...Read More
Steel billet import prices in Egypt have fallen slightly over the past week amid poor demand and lower offer prices, while domestic rebar prices were unchanged despite expectations of lower values, sources said on Thursday November 22.Fastmarkets' weekly price assessment for steel billet imported into Egypt was $475-480 per tonne cfr on Thursday, down from $480-485 per tonne cfr last week.Billet p...Read More
Trends forecaster Gerald Celente shares his observations and insight regarding the Great Reset taking place at every level and across the globe.Gerald Celente is a pioneer trend strategist and founder of The Trends Research Institute. He is the author of the national bestseller Trends 2000: How to Prepare for and Profit from the Changes of the 21st Century and publisher of the internationally circ...Read More