As more millennials are interestedin sustainable investments, one "green tech" company is leading the charge on clean drilling.Concerns about climate change and the high cost of energy have driven the maturation of the "Green Technology" movement into a trillion-dollar industry.Socially Responsible Investments (SRIs) are the most popular component of the average millennial's 401K, according to a r...Read More
The streaming name's fourth-quarter results beat on both the top and bottom lineThe shares of Roku Inc (NASDAQ:ROKU) are up 5.7% in electronic trading, after the streaming device service reported fourth-quarter earnings of 5 cents per share on $275.7 million in revenue -- more than analysts were expecting. What's more, Roku added 3.3 million users over the three-month period, while user streaming...Read More
Several Fed speakers could weigh in on the recent batch of ugly economic dataDow Jones Industrial Average (DJI) futures are up over 100 points today, on hopes that a trade resolution between the U.S. and China is in sight. Ahead of the March 1 tariff deadline, and after weeks of lower-level trade talks, President Donald Trump and Chinese Vice Premier Liu He will meet in Washington, D.C., today. El...Read More
COT SPECIAL PUBLICATION SCHEDULE Reminder -- Due to the U.S. Government Shutdown (February 1 Announcement) The last COT report was published on December 21, 2018. Reports going forward from that date will be published in chronological order beginning with the report previously scheduled for release on Friday, December 28, 2018 (based on data from Monday, December 24, 2018). The CFTC publ...Read More
The gold miners' stocks surged strongly this week, blasting to new upleg highs. The mounting gains are naturally driving more interest in this small contrarian sector, shifting sentiment towards bullish. Despite their accelerating rally, gold stocks still remain fairly low technically and deeply undervalued relative to gold. So their strengthening upleg likely has plenty of room to run c...Read More
Prices for imported flat steel products in South America continued to rise over the past week with Chinese mills not backing down from more expensive offers made after the Lunar New Year celebrations, despite faltering demand in the region, Fastmarkets heard on Friday February 22.Fastmarkets assessed the import price for hot-rolled coil (HRC) in South America at $560-570 per tonne cfr on February...Read More
HighlightsMichael Pento, President and Founder of Pento Portfolio Strategies LLC returns to Goldseek.com Radio.Mr. Pento graciously outlines his current portfolio-strategy in detail for the listening audience.One of the few economic pundits to correctly anticipate the market plunge of 2018 on record.Gold and utilities remain favorite long positions, while he is comfortable with a short positi...Read More
By: Ira EpsteinGold still lower-lows, higher-highs...Read More
On Wednesday the Indoos poked marginally above a key peak at 25,908 recorded in December. This would likely have caused a multitude of technical traders and algos to smack their lips with anticipation, since such breakouts, even when slight, are among the most bullish events that can occur on charts. Of course, it could also be a great way for Mr. Market to set a ruinous trap for bulls, since th...Read More
Dear Friend of GATA and Gold:The Shareholders' Gold Council, started last year by fund manager John Paulson "to conduct research reports and studies of interest to investors in the gold industry" (https://www.goldcouncil.net/), has rejected GATA's requests for membership and to make a presentation about manipulation of the gold market by central banks and their bullion bank agents.A representati...Read More
There will be demand in Asia of gold and silver today. If gold and silver continue to fall today also, then jewelers will have a jolly time during the weekend. They will be very busy. There should be good gold jewelery demand tomorrow if gold prices fall today also. Does an end to so called trade war between USA-China imply that it is over for gold bulls? This is the question which I am aski...Read More
Brazilian slab export prices have jumped for a third consecutive week following the positive trend in steel prices and the costs of raw materials.Fastmarkets' weekly assessment of Brazilian slab export prices was $490-530 per tonne fob on Friday February 22, compared with $460-510 per tonne fob a week earlier.Some volumes were still available for April shipment, and sellers were waiting to place o...Read More
Steel scrap prices in the principal trading regions have fallen sharply, as was expected by the majority of market participants, during the working week from Monday February 18 to Friday February 22.The price falls followed the decrease in Turkish scrap import prices this week, which was itself the result of limited demand for rebar and billet in the country's domestic market.Prices in Taiwan mana...Read More
Section 232 tariffs on aluminium and steel raised $3.6 billion in their first nine months, and revenues for the last two months are likely to push that figure up by around another $1 billion, US government data shows.That figure would be enough to cover the shortfall in funding sought by United States President Donald Trump for border security. In other words, aluminium and steel tariffs could fun...Read More
Detailed data for Chinese trade is still not available, but there are indications that the East Asian country may have become the biggest importer of pig iron in Asia last year, according to Fastmarkets' research team.We pointed out in June last year that the Chinese import pig iron market might revive to fill the widening gap between iron and steel production in China, alongside ferrous scrap.Hon...Read More
The process to exclude steel and aluminium from the Section 232 import tariffs applied by the United States is having some interesting consequences.Notably, in the event of a national security issue - which Section 232 was designed to address - the United States would theoretically rely on Japan for its steel and Saudi Arabia for its aluminium.Those countries have been granted the highest volume o...Read More
Shares in Canada's Eldorado Gold (TSX:ELD)(NYSE:EGO) climbed on Friday after the miner said it is ready to grow its yearly output to more than 500,000 ounces next year, supported by the restart of its K????lada?? gold mine in Turkey, and the soon-to-be coming online Lamaque project in Canada.The Vancouver-based miner cancelled plans last month to build a $500-million processing mill at K????lada...Read More
Zinc and lead concentrate treatment charges (TCs) rose in February deals for spot cargoes with liquidity sinking over the Lunar New Year and while market participants became insular ahead of annual contract negotiations.Fastmarkets assessed zinc concentrate TCs at $215-250 per tonne on February 22 from $210-240 per tonne in January, which reflects the gap between the low volumes of trader and smel...Read More
Coal trading has become too risky, a trader remarked on Thursday February 21 amid news that customs authorities in Dalian, a major city in northeastern China, had slashed the yearly coal import quota for ports under their jurisdiction by 25%.The fallout of the move, which is expected to affect Australian coal shipments, came in the form of a weakening of the Australian dollar amid concerns about p...Read More
Today, most governments, including the US, are already ensnared in a debt trap - only the public has yet to realise the consequences and the planners are not about to tell them. The difficulty for nearly all governments is the deterioration in their finances will eventually wipe out their currencies unless a solution is found.A currency board system is not the best mechanism whereby currency is ma...Read More