Gold needs to trade over $1339-$1345 zone to start another wave of rise. Chances of correction will be high as long as gold does not break this zone. Silver needs to fall below $1445 or break and trade over $1492 for direction. Momentum is down for silver. Copper can see a temporary rise. Crude oil can fall first and then rise. Trend is still down for gold and silver. Buyers and investors will...Read More
Seaborne iron ore prices soared on Tuesday June 11 in line with spikes in the futures prices amid bullishness triggered by more supply issues in Australia and economic stimulus in China.MB 62% Fe Iron Ore Index: $106.61 per tonne cfr Qingdao, up by $5.10 per tonne. MB 62% Fe Pilbara Blend Fines Index: $105.41 per tonne cfr Qingdao, up by $5.10 per tonne. MB 62% Fe Iron Ore Index-Low Alumina: $109....Read More
The Turkish deep-sea scrap import market was mostly quiet on Tuesday June 11 with the mills focused on making sales of finished steel, sources told Fastmarkets.The mills in Turkey booked three deep-sea cargoes from the United States over the weekend, taking advantage of falling prices.The prices on those cargoes sent the daily scrap indices down by around $11-12 per tonne at the beginning of the w...Read More
David Stockman warns that President Trump's trade war and easy money policies will plunge the U.S. into a recession.David Stockman is a former Republican congressman from Michigan and was President Reagan's budget director from 1981 to 1985. After leaving the White House, Stockman became a managing director at Salomon Brothers, and he later founded a private equity fund. David is the founder of Da...Read More
Mike "Mish" Shedlock a registered investment advisor, representative for Sitka Pacific Capital Management and he operates one of the most popular websites about the economy and investing online: MISH'S Global Economic Trend Analysis.Read More
Max interviews Alasdair Macleod of Goldmoney.com for his thoughts on the gold market as the US Federal Reserve chairman calls for the end of the use of the word 'unconventional' when referring to QE and other new monetary policy tools. They discuss whether or not interest rates will go to zero in the US as billionaire investor Stan Druckenmiller believes and what happens, in that case, to Europe w...Read More
Michael Maloney is a precious metals investment expert and historian. He is the founder and owner of GoldSilver.com, a global leader in gold and silver sales/storage and one of the world's most highly regarded investment education companies. He is author of the highest selling precious metals investment book of all time, Rich Dad's Advisors: Guide to Investing In Gold and Silver. In addition, Mr....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
John Rubino is the founder and manager of the popular financial website DollarCollapse.com. Mr. Rubino is the co-author, with GoldMoney's James Turk, of The Money Bubble and The Collapse of the Dollar and How to Profit from It. He spent the 1980's on Wall Street as a Eurodollar trader, equity analyst and junk bond analyst. During the 1990's he was a featured columnist with TheStreet.com and a freq...Read More
Documents leaked to Project Veritas by a Pinterest insider reveal that the San Francisco-based social media company has blocked links from Zero Hedge Continue...Read More
In January, I wrote about a then-upcoming vote by Amazon shareholders on a resolution calling for the company's board of directors to "prohibit sales of facial Continue...Read More
The US Dollar Index is diverging against the Trade Weighted U.S. Dollar Index or Broad Index https://fred.stlouisfed.org/series/TWEXB which measures the US Dollar against 26 other currencies and updates the weighting yearly (rather than never) like the older US Dollar Index.The regular US Dollar Index has been showing weakness lately with the US Dollar Index failing to get to or stay above 98 with...Read More
Hard to believe but at least 25% of China's bank debt is worthless. And worse still, if there's a systemic crash, it could go a lot higher. But no one seems to be very concerned about it. After all the cure for bed debt is faster economic growth. But that's not happening either. Growth rates have plunged and could even be approaching negative territory. What's a poor central planner to do?Portfoli...Read More
Danielle DiMartino Booth spent nine years as an advisor to Richard W. Fisher at the Federal Reserve Bank of Dallas. Danielle left the Fed in 2015 to found Money Strong, LLC, an economic consulting firm and launched a weekly economic newsletter She is the author of Fed Up: An Insider's Take on Why the Federal Reserve is Bad for America. DiMartino Booth began her career in New York at Donaldson, Luf...Read More
Continue...Mohamed El-Erian is the Chief Economic Adviser of Allianz, a multinational financial services company. He is the former CEO and co-Chief Investment Officer of PIMCO, a global investment firm and one of the world's largest bond funds in the world. Dr. El-Erian also served as a member of the faculty of Harvard Business School. Before joining PIMCO, Dr. El-Erian was a managing director at...Read More
"Trade protectionism and unilateralism are very much on the rise. How to respond to the bullying practices of the United States ... its practices of tradeContinue...Read More
"The purpose ... is to say to Russia, or anybody else that's engaged in cyber operations against us, 'you will pay a price,'" he said. "We will impose costs Continue...Read More
"We have collected from today's young to pay today's old and counted on tomorrow's young to keep doing so. That was a fine scheme as long as the number of young people was Continue...Read More
China continued its renewed (public) gold-buying spree in May adding almost 16 tons of the precious metal to its Continue...Read More
There are times the sentiment for silver gets so out of whack that it's like buying a winning lottery ticket after the Continue...Read More