- Hubert MoolmanA while ago, I wrote about a coming confirmation of the multi-year gold bull market. It has taken longer than expected, but that signal has now arrived, and the bull is very much confirmed.Here is a gold chart indicating that very important signalI have marked two fractals (patterns) 1 to 5, to show how they might be similar. I have also marked the point where interest rates pe...Read More
Fastmarkets wishes to clarify the specification of the Vietnam steel scrap assessment, which is based on heavy melting scrap 1&2 of 80:20 quality.The name of this price, which from July 5 will have the symbol MB-STE-0783 exclusively associated with it, has been amended to steel scrap HMS 1&2 (80:20), cfr Vietnam, $/tonne. The specifications for this price are as follows:Assessment: Steel...Read More
Lynette Zang has held the position of Chief Market Analyst at ITM Trading since 2002. Ms. Zang has been in the markets on some level since 1964. Her mission is to convert financial noise into understandable language. She has been a banker, a stock broker and studied world currencies since 1987. She believes strongly that we need to be as independent as possible and at the same time, we need to com...Read More
For Part 1 of this interview, CLICK HEREMax continues his interview with David Morgan of TheMorganReport.com about the precious metals markets, interest rates heading to zero, and what's next for the bond markets. As David Morgan is a former test pilot, Max also asks him about the future for Boeing in the aftermath of the 737 MAX disasters.Max Keiser is an American broadcaster and film-maker. He h...Read More
Rick Rule, founder and chairman of Sprott Global Resource Investments Ltd., began his career in the securities business in 1974. He is a leading American retail broker specializing in mining, energy, water utilities, forest products and agriculture. His company has built a national reputation on taking advantage of global opportunities in the oil and gas, mining, alternative energy, agriculture, f...Read More
Computer security is no laughing matter. Recently I was at a dentist's office and they were still using computers running Windows XP, a 20 year old operating system with virtually no built-in security. That office's network and computers were a sitting duck. Recently a city in Palm Beach County was hacked and their computers were locked up with Ransomware. They paid $600,000 to free them up. Rober...Read More
The recent Financial Times investigation revealed that Microsoft had collected discreetly a facial recognition database of some 10 million images of some 100,000 people. Continue...Read More
Gold has spent the past couple of weeks steamrolling technical barriers and reviving the spirits of long-suffering gold bugs. But markets don't move in a straight line.Continue...Read More
As US stock markets and corporate debt markets price in boom times from here to eternity while the Treasury market is pricing imminent financial depression of apocalyptic Continue...Read More
"Detailed information about the operation was leaked and that's egregious. The operation was compromised and when that happens, the lives of agents and officers are absolutelyContinue...Read More
"I have never seen this kind of cooperation from Mexico before in terms of immigration."Continue...Read More
After a hope-filled bounce in May, The Conference Board's Consumer Confidence index plunged in June from a revised 131.3 to 121.5 (well below expectations of a modest drop to 131.0).Continue...Read More
As the squabbling over Italy's populist government's plans to blow out its budget deficit to finance an agenda of Continue...Read More
No surprise that gold is getting ready for a temporary reversal of its recent advance. Too much, too soon is never a good thing. As predicted, gold was heading higher in the am and has now gone into negative territory for the day. We can all speculate about markets being rigged, etc. Looks like the gold market will be set to continue its increase in the 4th quarter of the year, as it usually does....Read More
Prices for imported billet in the United Arab Emirates weakened over the past week, in line with lower offers and a lack of demand, sources said on Tuesday June 25.Domestic rebar The domestic rebar market in the UAE was sluggish due to a drop in demand during the summer period. The UAE's largest producer, Emirates Steel, was offering rebar at 1,881 dirhams ($512) per tonne ex-works this week, whil...Read More
Northern China's domestic rebar prices continued to rise on Tuesday June 25 amid surging futures, though the eastern Chinese market held steady.Domestic Eastern China (Shanghai): 3,900-3,950 yuan ($567-574) per tonne, unchangedNorthern China (Beijing): 3,770-3,800 yuan per tonne, up 30-40 yuan per tonneTraders in Shanghai kept prices flat despite rising futures in an attempt to secure more sales.B...Read More
Precious metals expert Michael Ballanger looks at the recent run-up in gold and reveals his recent trades. I am so confused tonight that I had to crowbar the booze cabinet in order to calm my scrambled soul and ease the pain in my pseudo-analytical chest. That's right. "PSEUDO" as opposed to "QUASI" and as opposed to "FAUX." The latter two adjectives imply vagueness and deceit and I would expect...Read More
Chrome ore prices dropped again in China and alloy prices weakened globally in the week ended Friday June 21 due to poor demand. Ore prices down for seventh week runningCharge chrome import prices weaken in ChinaAlloy prices dip in Japan, South KoreaEuropean alloy prices slumpUS market flat once again UG2 chrome ore prices in China slid for the seventh consecutive week on Friday after some suppli...Read More
Ferro-silicon prices in China were stable in the week ended Friday June 21, extending a steady run in the market for a fifth consecutive week against firm Chinese futures prices and relatively limited availability in the physical market.In Europe, the market has fallen due to weak spot demand and an increasing number of quarterly deals done below ?,?1,000 ($1,139) per tonne, which has dragged down...Read More
The S&P 500 and Nasdaq logged their third straight lossThe Dow suffered a triple-digit loss today, as hopes for an interest rate cut next month took a hit in the wake of Fed Chair Jerome Powell's speech this afternoon. Powell described the Fed's approach as "patient," and said it's "important not to overreact in the short term." Fanning the flames of uncertainty were additional comments from St. L...Read More