(Reuters) - Poland raised its gold holdings to the highest in at least 35 years, data from the International Monetary Fund showed on Monday.The country increased its holdings by 4.4 tonnes from August to about 117 tonnes in September, a record, according to data going back to January 1983."We have a really exciting announcement coming this Thursday, learn more about it here...""While the exchang...Read More
Gold needs to trade over the $1225-$1230 zone to rise. Silver needs to break and trade over $14.90 to start another wave of rise. Copper and industrial metals will be very volatile. Crude oil will be very volatile. Brexit woes and political issues within the Eurozone have resulted in a firm US dollar. The Euro and cable have fallen slightly. Investor sentiment towards the euro and cable is shaky...Read More
China's ferrous futures trended upward during morning trading on Tuesday October 16, recovering from a drop during the Monday night session.Futures closing prices - morning session Shanghai Futures Exchange January rebar: 4,157 yuan ($601) per tonne, up 31 yuan per tonneJanuary hot rolled coil: 3,975 yuan per tonne, up 49 yuan per tonneDalian Commodity Exchange January iron ore: 510.50 yuan per to...Read More
Trading activity in the CIS export billet market remained quiet early in the week that began on Monday October 15 amid a mismatch between suppliers' offers and customers' bids.Some market participants expected that conditions in the regional steel market would improve because of the better diplomatic relations between Turkey and the United States, which could have a positive effect on CIS-origin s...Read More
(Reuters) - Walmart Inc’s (WMT.N) chief executive officer on Tuesday urged investors to rethink the company’s business, touting its various tech investments to grow online sales at a time it is battling Amazon.com (AMZN.O) for market share.The retailer also lowered its earnings forecast for the year and said its e-commerce growth next year would be slower than in the current fiscal yea...Read More
(Reuters) - BlackRock Inc’s (BLK.N) quarterly revenue fell short of Wall Street’s expectations on Tuesday as the world’s biggest asset manager reported its lowest sales of equity, bond and other long-term investments since the second quarter of 2016.Investors pulled money from BlackRock’s institutional stock index funds, while putting more into ostensibly lower-risk bond fu...Read More
Anya Parampil reports on new numbers released by the US Treasury Department which show the federal deficit ballooned to $779 billion during President Trump's first fiscal year in office. Tax cuts for the wealthy and soaring military spending are blamed for the increase. Anya is joined by Walter Smolarek, Organizer at the Answer Coalition, and Peter Schiff, CEO of Euro Pacific Capital, to reflect o...Read More
Link to Slides and Sources: https://www.itmtrading.com/blog/takes...Question 1. Sean B: Would zirp apply to brokerage accounts? Would a brokerage money market account be safer than a bank account?Question 2. Stephanos R: How do you come up with 25 gold 1oz coins can buy you 1 square block, buildings and all?Question 3. Richard W: Can the US Treasury change the maturation date of a bill/note/bond?...Read More
*The interview begins at 1:52Gerald 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 circulated Trends Journal newsletter. Gerald Celente is a political atheist. Unencumbered by political dogma, rigid ide...Read More
(Reuters) - Wells Fargo & Co (WFC.N) said on Tuesday it had applied for an investment firm license in France as part of a Brexit strategy to shift some of its servicing of European mainland customers out of London.The San Francisco-based bank, whose purchase of a high-profile location near the Bank of England two years ago was seen as a vote of confidence in the Brexit process, said it would c...Read More
Last week Mike Maloney unveiled his new indicator, the Market Fragility Index, to the public. Today he shows us a recent discovery that helps explain why the cracks in the financial system are growing larger every day, and why the next market crash will be far more devastating than anyone has anticipated. Michael Maloney is a precious metals investment expert and historian. He is the founder and o...Read More
Prices for rebar and billet in the United Arab Emirates were mostly stable in the week ended Tuesday October 16, and demand was moderate, sources told Fastmarkets.Local rebar producers rolled over their prices, and market activity now is better than in the previous week, when buying was very scarce.Domestic rebarLocal producers were offering rebar at 2,016-2,018 dirhams ($549) per tonne ex-works.A...Read More
Why are stocks falling all over the world? Co-author of The Money Bubble John Rubino joins Silver Doctors to discuss.Rubino says overvalued stock markets are facing higher interest rates. Stocks have been propped up partly because of corporate stock buy-backs. But with interest rates rising, corporate stock buy-backs become less profitable.What about gold and silver. As the stock market was fallin...Read More
Harley Schlanger's work can be found at LaRouchePAC.com.Read More
These Top 10 lowest cost gold mines are all below all-in-sustaining costs (AISC's) $550/oz level and will prove profitable - even if the price falls 50%.Mining Intelligence looked at costs at primary gold mines and found 10 operations that would still make money, even if gold halves in value from today's levels. AISC metrics has been taken as a basis of comparison and ranking.Since the World Gold...Read More
Women (and men, for that matter) are routinely being sexually assaulted by the TSA. Where's the outrage?Continue...Read More
BERLIN (Reuters) - German Chancellor Angela Merkel said that efforts to negotiate a deal on Britain’s withdrawal from the European Union were like “squaring the circle”, two people familiar with the matter told Reuters.She made the comment in a meeting of the parliamentary group of her Christian Democrat party on Tuesday, they said.She said it was clear that controls on the borde...Read More
China's domestic rebar prices retreated slightly on Tuesday October 16 on weak demand and losses in the futures market.Domestic Eastern China (Shanghai): 4,540-4,570 yuan ($656-660) per tonne, down 10-20 yuan per tonneNorthern China (Beijing): 4,330-4,370 yuan per tonne, down 10 yuan per tonneRebar demand remained soft on Tuesday, so buyers submitted lower bids than a day earlier.Traders who neede...Read More
Hungary's central bank increased its gold reserves 10-fold, citing the need to improve its holdings' safety, joining regional peers with relatively high ownership in the European Union's east.Following a similar move by Poland, the central bank in Budapest now holds 31.5 tons of the metal, taking the share among total reserves to 4.4 percent, in line with the average in the region, according to a...Read More
Continue...Max Keiser is an American broadcaster and film-maker. He hosts Keiser Report, a financial program broadcast on RT. He presents a weekly show about finance and markets on London's Resonance FM, and writes for The Huffington Post. Keiser invented "Virtual Specialist Technology," a software system used by the Hollywood Stock Exchange. Prior to inventing this technology, he worked on Wall S...Read More