TECHNICAL SCOOPCharts and commentary by David ChapmanPhone: 416-523-5454 Email: david@davidchapman.comdchapman@enrichedinvesting.comTwitter: @Davcha12December 24, 2018"At the end of each year I make a list of my mistakes, and it's pretty friggin long" Dean Lombardi (ice hockey executive, GM San Jose Sharks 1996-2003, GM Los Angeles Kings 2006-2017 "I made no resolutions for the new year. The...Read More
By John MauldinPowell and the New FedLate in the CycleBond BoomPriced to SellA Little NostalgiaWe have reached the best time of year, when we can look to the future with hope. We can stop wondering what will happen in 2018 and look forward to 2019. The investment industry always does this enthusiastically, as you will see in forecasts everywhere the next few weeks.Not wanting to be left out, or...Read More
A Monday Morning Musing from Mickey the Mercenary Geologist Non-renewable natural resources (e.g., industrial metals, precious metals, agricultural minerals, industrial minerals and rocks, energy fluids, and energy solids) are extracted from Earth's surface and its depths. Exploitation of these resources naturally leads to depletion and more must constantly be found, developed, and mined. In ou...Read More
Dear Friend of GATA and Gold:Interviewed Friday by Chris Marcus of Arcadia Economics (https://arcadiaeconomics.com), your secretary/treasurer discussed recent developments in gold and silver market rigging by the U.S. government, its agents, and others. Among them:-- The confession by former JPMorganChase trader John Edmonds; whether he will incriminate the bank's former commodities desk chief,...Read More
By Avi Gilburt I would not have had to invest or work at all if I had $100 for every time I heard an analyst tell me that the market is just not trading upon fundamentals at this time. In fact, when the market seems to disconnect from the fundamentals, analysts view it as the market being wrong. But, isn't it my responsibility as an investor to align my investment account with the market ra...Read More
By David HaggithThis ain't no ballgame. This bear has shown up for blood, not sport. The Nasdaq intraday hit the 20% down mark that is widely regarded as qualifying for a change from a bull market to a bear market. A close at that level would have made it as official as a declaration of a bear market gets.As can be expected, the major index whose stocks played the largest role in forming the bul...Read More
MERRY CHRISTMASThe US government shut down (if any) should be bullish for gold once again. I repeat, other than economics all other factors are ripe for 2019 to be a "gold en" year. There is speculation that Trump may replace the Federal Reserve chief Jeremy Powell. The US dollar will lose its so called safe haven status if there is such a move. The euro and pound and even the Chinese have som...Read More
China's domestic rebar prices were mixed on Monday December 24, with prices in the east of the country down amid lower futures and billet prices, but those in the north flat Domestic Eastern China (Shanghai): 3,780-3,820 yuan ($547-553) per tonne, down 20 yuan per tonne Northern China (Beijing): 3,620-3,650 yuan per tonne, unchangedBillet prices dropped over the past weekend due to weak...Read More
Import prices for rebar in Singapore continued on a downward trend on weak demand from domestic buyers.Fastmarkets MB's assessment of import prices for rebar in Southeast Asia - which mainly looks at cargoes sold into Singapore on a theoretical weight basis - was $475-485 per tonne cfr for the week to Monday December 24, down from $480-490 per tonne cfr from a week earlier.Spot trading was extreme...Read More
*This interview was recorded on 12/19/18Jim Rickards, author of The Road to Ruin, joins Remy Blaire at the NASDAQ MarketSite following the December FOMC rate announcement to discuss the trajectory of the Federal Reserve. Rickards weighs in on the U.S.-China trade war and the fundamental outlook for the global investment landscape.Jim Rickards is a lawyer, investment banker and economist with over...Read More
Gregory Mannarino started his financial career working for the securities and trading arm of the now defunct Bear Stearns before the dot-com bubble. He is an active trader of the capital markets and has published several books pertaining to finance, global economics, and equity trading; His most recent book is titled Ultimate Guide To Money and The Markets (free ebook). Gregory currently hosts a b...Read More
There's no such thing as a good central planner. No one can successfully manipulate the economy and be a good Fed Chairman. The problem with the economy is the existence of the Federal Reserve itself. Ron Paul discusses on today's Liberty Report!Dr. Ron Paul is a physician and former twelve-term congressman from Texas who ran for president in 2008. He is the author of eight books, including the Ne...Read More
"I would urge my colleagues in the Senate and the House, call people from the administration and explain this policy...This is the role of the Congress, to make administrations Continue...Read More
"Makes it abundantly clear we are headed towards a series of grave policy errors which will endanger our nation, damage our alliances & empower our adversaries."Continue...Read More
Jason talks about how US Treasury Secretary Steven Mnuchin just announced on Twitter an emergency bank and plunge protection team meeting for tomorrow. How unusual and Orwellian!1) US Treasury Secretary Steve Mnuchin Tweet: https://twitter.com/stevenmnuchin1/st...2) Mnuchin Called Bank CEOs To Check Liquidity, Calm Markets; Has Monday Call With Plunge Protection Team https://www.zerohedge.com/news...Read More
Turkish domestic scrap prices have continued to fall over the past week in line with weakening finished steel values in the country's export and domestic markets, sources said on Monday December 24.Fastmarkets MB's weekly price assessment for domestic auto bundle (DKP-grade) ferrous scrap was TRY1,480-1,590 ($279-300) per tonne delivered on December 24, down from TRY1,490-1,710 per tonne last week...Read More
"The only problem our economy has is the Fed. They don't have a feel for the Market, they don't understand necessary Trade Wars or Strong Dollars or even Democrat Shutdowns over Borders. The Fed is"Continue...Read More
Update: With everyone suddenly freaking out over whether (and why) Mnuchin really made the kind of "liquidity test" call to bank CEOs that was reserved for the depthContinue...Read More
Globally, there were 1,349 announced mining deals valued at $86.3 billion through December 18 this year, up 60% from the 2017 total, according to data compiled by Bloomberg.During the heady days of the China-induced supercycle in metals demand, mergers and acquisition in the industry topped $100 billion three years in a row, peaking at $149 billion in 2012 before slumping to little over $50 billi...Read More
The stock market got creamed on Christmas Eve and gold benefitted as its safe-haven status was fulfilledContinue...Read More