China's ferrous futures increased during morning trading on Wednesday November 21, with sentiment improving, especially when it came to steel contracts.Futures closing prices - morning session Shanghai Futures Exchange January rebar: 3,686 yuan ($531) per tonne, up 63 yuan per tonneJanuary hot-rolled coil: 3,583 yuan per tonne, up 76 yuan per tonneDalian Commodity Exchange January iron ore: 511 yu...Read More
BERLIN (Reuters) - Germany and France said they would sign a contract with Airbus and Dassault Aviation to start work on a next-generation fighter jet in early 2019, with next steps on a joint tank program due by the end of 2018.French President Emmanuel Macron and German Chancellor Angela Merkel first announced plans for the two big arms program in July 2017 as part of an effort to deepen bilater...Read More
European prices for mesh-quality wire rod were flat across the Northern and Southern parts of the continent on Wednesday November 21, while concerns over the import quotas imposed by the European Commission (EC) continued to grow.Fastmarkets' weekly domestic price assessments for mesh-quality wire rod in both Southern and Northern Europe stayed at ?,?540-560 ($616-639) per tonne delivered on Wedne...Read More
Please Note: US markets are closed tomorrow for Thanksgiving and will close early on Friday. CloseGain/LossGold $1225.30+$2.90Silver$14.48+$0.16XAU67.20+3.12%HUI151.58+2.98%GDM551.76+2.35%JSE Gold1149.02+5.37USD96.73-0.08Euro113.84+0.16Yen88.76UNCHOil$54.63+$1.2010-Year3.059%+0.003T-Bond139.875-0.15625Dow24464.69-0.00%Nasdaq6972.25+0.92%S&P2649.93+0.30% The Metals: Gold saw slight losses...Read More
By Ira EpsteinMetals look good going into the close.https://www.iraepstein.com/ Read More
A recent MarketWatch article notes that:GE was one of Wall Street's major share buyback operators between 2015 and 2017; it repurchased $40 billion of shares at prices between $20 and $32. The share price is now $8.60, so the company has liquidated between $23 billion and $29 billion of its shareholders' money on this utterly futile activity alone. Since the highest net income recorded by the co...Read More
By Jordan Roy-Byrne CMT, MFTA It is very difficult to pick exact bottoms but there are many tools we can use to help us pinpoint potential bottoms. You don't hear technical analysts talk about fundamentals but we do for a reason. Major shifts in the primary trend are supported by fundamental shifts, though they can be very hard to spot until after the fact. Because of our extensive study of h...Read More
By PlungerMr. Market the Great DeceiverMarkets are deceptive...but we all know that. Beyond deceptive, markets are actually down right diabolical. Mr. Market operates through his two most trustworthy lieutenants Mr. Bull and Mr. Bear. He has tasked Mr. Bull to climb and reach the top of the mountain using investors buying power to fuel the rise. But he has also instructed Mr. Bull to no...Read More
By Craig HemkeOn Tuesday, significant gold news was made when the London Bullion Market Association finally began its long-awaited disclosure of gold market size and trading volume. If anything, all their first report revealed was the sheer magnitude of the scam and the fraud that persists in the current system. A summary of the report, along with a brief interview of LBMA CEO Ruth Crowell, can...Read More
The Heart of the Matterby John Hussman of Hussman FundsLet's be clear. October's market decline was a rather mild warning shot. At its lowest close, the S&P 500 lost -9.9% from its September peak, before rebounding in recent sessions. As I noted during the 2000-2002 and 2007-2009 collapses, intermittent "fast, furious, prone-to-failure" rebounds are among the factors that encourage investors...Read More
The price for rebar produced and delivered in Southern Europe widened slightly on Wednesday November 21, although consumers remained unwilling to buy large volumes because questions persist about the European Commission's import quotas.Fastmarkets' weekly price assessment for domestic rebar in Southern Europe widened upward to ?,?530-540 ($605-616) per tonne delivered on Wednesday, from ?,?530-535...Read More
The price for rebar produced and delivered in Northern Europe stayed flat on Wednesday November 21, with consumers not willing to commit to purchases during a time of uncertainty in the markets.Fastmarkets' weekly price assessment for domestic rebar in Northern Europe stayed at ?,?550-560 ($628-639) per tonne delivered on Wednesday, unchanged now for three weeks, after producers resisted lowering...Read More
Gordon T. Long has been watching auto sales for quite some time. Debt keeps going up and now sales are declining. Corporate debt has escalated and it has become a giant equity to debt swap. It can't keep going the way it's going and it won't. According to Gordon it's all just a matter of timing. The Fed will have to reverse course and flood the system with liquidity once again. Daddy where do busi...Read More
Mass migration, the rise of anti-establishment politicians, and global cynicism can all be linked directly to The Great Recession of 2008. Nomi Prins joins Robert & Kim to discuss how central banks have rigged the economic system, and potentially made things worse ten years after the last financial crisis.Robert Kiyosaki is best known as the author of Rich Dad Poor Dad, the #1 personal finance boo...Read More
The words "snowmen" and "freshman" are no longer allowed. What's next?Read More
As we claim often here at PeakProsperity.com: Energy is everything. Will our global society be able to transition off of its extreme dependence on fossil fuels? And if so, can we do so without too much pain?Scott Tinker is the Director of the Bureau of Economic Geology at the University of Texas at Austin, and founder of the non-profit Switch Energy Alliance, which is dedicated to helping humanity...Read More
David Morgan is a world-renown precious metals aficionado. He is the creator of TheMorganReport.com, a monthly report that covers economic news, overall financial health of the global economy, currency problems and the key reasons for investing in precious metals. A dynamic, much-in-demand speaker all over the globe, David's educational mission also makes him a prolific author, having penned Get t...Read More
The Turkish steel producers have extended their absence from the deep-sea scrap markets due to sluggish demand for their finished steel products, sources told Fastmarkets on Wednesday November 21.In addition to their fears of renewed product outflows from China, the weakening local and export rebar prices have become another obstacle for the mills in Turkey.Rebar prices in China, in both the domes...Read More
The U.S. and South Korea will scale down a major military exercise in 2019 in order to avoid setting back diplomacy over North Korea's nuclear weapons.Continue...Read More
"WikiLeaks, I love WikiLeaks," Trump said at a rally shortly before the election. "Boy, I love reading those WikiLeaks," he again stated just days before the vote.Continue...Read More