China's domestic rebar prices retreated on Tuesday February 26 after supply pressures led sellers to destock.Domestic Eastern China (Shanghai): 3,740-3,780 yuan ($558-564) per tonne, down 10-20 yuan per tonneNorthern China (Beijing): 3,730-3,770 yuan per tonne, widened downward by 10 yuan per tonneSelling interest among stockists picked up due to an increase in inventory levels, which led to them...Read More
By: Avi GilburtAlbert Einstein once said: "Few people are capable of expressing with equanimity opinions which differ from the prejudices of their social environment. Most people are incapable of forming such opinions." This phenomena is quite evident on Seeking Alpha, which is a crowd sourced website. Most readers gravitate to an analyst simply because that analyst supports the readers o...Read More
By: Jordan Roy-Byrne CMT, MFTABack in 2013 I recall having a bearish view on the stock market due to extremely bullish sentiment readings. The market completely ignored that, made a major breakout through 13 year resistance and continued running for years.Lesson learned.Turning to Gold, we find something similar during major breakouts in 2005, 2007 and 2009. In the chart below we plot Gold alon...Read More
TSX Venture Exchange: BSKFrankfurt Stock Exchange: MAL2OTCQB Venture Market (OTC): BKUCFVANCOUVER, Feb. 27, 2019 /CNW/ - Blue Sky Uranium Corp. (TSX-V: BSK, FSE: MAL2; OTC: BKUCF), ("Blue Sky" or the "Company") is pleased to announce the results of the first Preliminary Economic Assessment ("PEA") for the Ivana Uranium-Vanadium deposit at the Company's 100% owned Amarillo Grande Project...Read More
By: Ira EpsteinFed Powell was more of a political discussion and not financial.Lower dollar, yields falling. Gold's volatility falling, a market in no-man's land. Gold held $1,323.3 -- bulls won the day. Gold's seasonal chart running into resistance...Read More
COLORADO SPRINGS, Colo., Gold Resource Corporation (NYSE American: GORO) (the "Company" or "GRC") today announced an eighth consecutive year of profitability, reporting net income of $9.3 million or $0.16 per share. The Company also confirmed its previously announced 2018 annual mill production of 26,838 gold ounces and 1,672,034 silver ounces for 47,622 precious metal gold equivalent ounces....Read More
Rick's Picks avidly follows the stock market's ups and downs each day, as well as the way it is influenced by the Fed's silly obfuscations. On some days it feels as though the cheerleaders at The Wall Street Journal et al. are overdoing it, generating enough hubris to stand economic logic on its head. But let's not kid ourselves. Whether this rally has a week to go, a month, or even a year, t...Read More
Gold will break free from $1320-$1340 trading range and form a new range anytime soon. Silver needs to trade over $1596 to zoom. Copper needs to trade over $291 (till Monday) to zoom. If crude oil rises today and tomorrow, then chances of $60 by next week will be very high. Germany's Merkel wants a united Europe to counter Asia. Chancellor Merkel has said that European political and business l...Read More
Key data from the Wednesday February 27 pricing session in Europe.Key drivers - Persistent supply worries involving a major supplier prompted short-covering and is expected to propel prices higher in the weeks to come. Ferro-titanium producers and traders have been getting more buying interest from Europe and the United States. With one producer typically offering at least 350 tonnes per month to...Read More
There's no way to guess precisely where gold and silver prices may go - however, we do have historical examples that can be extrapolated for today's economic climate. Join Mike Maloney as he updates the prices required for gold to account for the massive amount of base currency that is literally being printed as though it is going out of fashion. Michael Maloney is a precious metals investment exp...Read More
Read the full story from Project Veritas: https://www.projectveritas.com/2019/02/27/facebook-insider-leaks-docs/Read More
Money manager Michael Pento gives his simple economic road map. Pento says, "We're going to have one final whoosh down in stock prices and in the economy. That's going to bring Jerome Powell (Fed Head) back to 0% interest rates and back into QE (money printing), and then it is intractable inflation for as far as the eye can see. That is going to be a very, very dangerous new paradigm for the world...Read More
Following reports of a potential power shortage in one of China's major ferro-alloy production hubs in the second quarter of this year, market participants have downplayed any immediate impact on ferro-alloy prices in the country, saying they intend to adopt a wait-and-see stance in the run up to April.The city of Ulanqab in China's autonomous region of Inner Mongolia is expected to experience a s...Read More
Certain political elements within the United States simply can't deal with the fact that our Founders created a voting system that ensured limitations on mob rule stemming Continue...Read More
"The judge was like, 'This looks like a one-off..."We may have to do discovery and get the CHP to tell us all the instances where this has happened."Continue...Read More
Will US trade threats against China and Europe work out?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
We had some creative questions to ask Jim about life philosophy, influence and what he would tell his 20-year old self, but also dig into those questions about investing today, where the markets are headed, his long-term view of economies and we threw in a few questions that you guys sent in to us. 03:22: Jim Leaving the Backwoods of Alabama for the Ivy League and Wall Street04:56: How Jim Defines...Read More
"The price of gold has been moving higher even if rates have been moving higher. And it's either the folks investing in gold are looking beyond the hump when rates are eventually going to go down, and eventually they will, real interest rates haven't really gone higher, inflationary pressures are moving a little bit higher; and at the end of the spectrum, of course, people buy gold for diversifica...Read More
"History tells us that wars are full of miscalculation. My question is that, given the weapons we have, can we afford miscalculation...We should sit down and talk."Continue...Read More
"Boeing will benefit greatly from her broad perspectives and combined diplomatic, government and business experience to help achieve our aspiration to be the best in aerospace Continue...Read More