The market is now in position to crash. This is not something that will arrive as "a bolt out of the blue" - it has been setting up to do this for a long time. On the 6-month chart for the Dow Jones Industrials below we can see that on Friday it broke down from a Head-and-Shoulders top that had been forming since February, and the longer-term 5-year chart for the S&P500 index lower down the page...Read More
By: Dave KranzlerTrump's trade advisor, Peter Navarro, was on CNBC today asserting that the economy was expanding at an unprecedented rate. Either Navarro is tragically ignorant or an egregious liar. Either way he looks like an idiot to those us who study the real numbers and understand the truth.The Global Manufacturing PMI (Purchasing Managers Index) dropped to 50.4 - the lowest since July 2...Read More
Hoover, Smoot & HawleyMultiplayer Game TheoryTrade SandpileVictim ListLopsided PollsThe Seven-Body ProblemPublisher's Note: John Mauldin is recovering from a minor illness. He'll be back next week. Meanwhile, with trade disputes still roiling markets, below is a still-timely letter he wrote last year. You should definitely read it again. Ed D'Agostino"A conservative is someone who stands athw...Read More
Finland's next government, encompassing five parties from the left and center of the political spectrum, will increase spending by about 4 billion euros ($4.5 billion), Iltalehti reported, citing a draft of the government program agreed on Friday.The incoming cabinet, led by Prime Minister-designate Antti Rinne of the Social Democrats, is due to unveil its program and composition, including minist...Read More
The global steel billet market featured mixed price movements during the week ended Friday May 31, with trading slow in most billet-consuming countries.Middle Eastern markets and some in Africa and Asia were quiet due to the traditional slowdown during the Islamic holy month of Ramadan. The forthcoming rainy season was another actor behind weak demand in Asia.The optimism seen in the Black Sea mar...Read More
Community leaders from the district of Chilcaymarca in the southwestern Castilla province are threatening Peru's Compa???-a de Minas Buenaventura (NYSE: BVN) with a general strike due to the company's decision to fire 40 workers from its Orcopampa gold-silver operation.The activists say the workers' dismissal constitutes a breach of an agreement that Buenaventura and the community signed back in 2...Read More
A type of fungi that looks like a thread could offer clues for finding new gold deposits.According to scientists at Australia's national science agency CSIRO, fungi known as Fusarium oxsporum attach gold to their strands by dissolving and precipitating particles from their surroundings."Fungi can oxidise tiny particles of gold and precipitate it on their strands - this cycling process may contribu...Read More
The market is now in position to crash. This is not something that will arrive as "a bolt out of the blue" - it has been setting up to do this for a long time. On the 6-month chart for the Dow Jones Industrials below we can see that on Friday it broke down from a Head-and-Shoulders top that had been forming since February, and the longer-term 5-year chart for the S&P500 index lower down the page...Read More
The market is now in position to crash. This is not something that will arrive as "a bolt out of the blue" - it has been setting up to do this for a long time. On the 6-month chart for the Dow Jones Industrials below we can see that on Friday it broke down from a Head-and-Shoulders top that had been forming since February, and the longer-term 5-year chart for the S&P500 index lower down the page...Read More
By: Dave KranzlerTrump's trade advisor, Peter Navarro, was on CNBC today asserting that the economy was expanding at an unprecedented rate. Either Navarro is tragically ignorant or an egregious liar. Either way he looks like an idiot to those us who study the real numbers and understand the truth.The Global Manufacturing PMI (Purchasing Managers Index) dropped to 50.4 - the lowest since July 2...Read More
Hoover, Smoot & HawleyMultiplayer Game TheoryTrade SandpileVictim ListLopsided PollsThe Seven-Body ProblemPublisher's Note: John Mauldin is recovering from a minor illness. He'll be back next week. Meanwhile, with trade disputes still roiling markets, below is a still-timely letter he wrote last year. You should definitely read it again. Ed D'Agostino"A conservative is someone who stands athw...Read More
The global steel billet market featured mixed price movements during the week ended Friday May 31, with trading slow in most billet-consuming countries.Middle Eastern markets and some in Africa and Asia were quiet due to the traditional slowdown during the Islamic holy month of Ramadan. The forthcoming rainy season was another actor behind weak demand in Asia.The optimism seen in the Black Sea mar...Read More
Here are five Fastmarkets MB stories you might have missed on Friday May 31 that are worth another look.Troubled UK long steel producer British Steel entered compulsory liquidation on May 22. Fastmarkets examines the reasons behind the company's recent struggles, from uncertainty about Brexit and a slump in orders to rising costs for raw materials. Brazil-based miner Vale said fragments of th...Read More
Gold futures rallied on Friday, posting their highest finish in over seven weeks, as investors fled to the perceived safety of havens like precious metals amid fresh signs of escalation in tariff tensions between the U.S. and its global trade partners. "Washington's threat of tariffs on Mexico exacerbated fears of a global trade war and recession, which saw a 'flight to quality' and gains for safe...Read More
They say the waiting in the hardest part. The question is, how long will you wait for silver?by Matt from Silver Fortune via Silver FortuneThey say the waiting in the hardest part. The question is, how long will you wait for silver? .Read More
Lackluster trading in gold futures Thursday gave way to a solid move higher, as tepid trade in equity markets and persistent worries about U.S.-China trade tensions and sluggish global economic growth helped lift prices to their highest finish in roughly two weeks. Gold for August delivery on Comex GCM19, +0.23% climbed $6.10, or 0.5%, to settle at $1,292.40 an ounce. That was the highest finish f...Read More
Finland's next government, encompassing five parties from the left and center of the political spectrum, will increase spending by about 4 billion euros ($4.5 billion), Iltalehti reported, citing a draft of the government program agreed on Friday.The incoming cabinet, led by Prime Minister-designate Antti Rinne of the Social Democrats, is due to unveil its program and composition, including minist...Read More
Here are five Fastmarkets MB stories you might have missed on Friday May 31 that are worth another look.Troubled UK long steel producer British Steel entered compulsory liquidation on May 22. Fastmarkets examines the reasons behind the company's recent struggles, from uncertainty about Brexit and a slump in orders to rising costs for raw materials. Brazil-based miner Vale said fragments of th...Read More
RAPAPORT... GGTL Laboratories has developed technology that can match a stolen diamond to its identification report, even after it is recut to hide its origin. Technicians use a range of analytical identification data found in the stone, similar to a fingerprint. The information, which is derived through spectral and imagingdata, maps the internal features of a diamond. Those parameters are t...Read More
RAPAPORT... Mahiar Borhanjoo is set to leave Venus Jewel Internationalto become CEO of the DFL Group, the company behind a new onlinepolished-diamond hub. Borhanjoo has been managing director of India-based Venus Jewel, aleading polished manufacturer and supplier, since 2015, overseeing atransformation of the company's brand and online platform, DFL said Friday.Hepreviously served six years a...Read More