RambusJust a quick update on the Yen / PM combo we've been following. Today the yen is moving lower in its new impulse move to the downside doing away with the positive correlation it used to have with the PM complex. While the yen is moving lower more PM stock indexes are breaking out to the upside. I just wanted to post this combo chart early so you can follow the breaking out and the backtest...Read More
- Steve St. Angelo, SRSrocco Report According to a precious metals dealer I spoke with, the world out on the street is that demand for gold and silver has recently surged due to investor concerns about a disruption to the Global Supply Chain. We are already seeing a massive slowdown in China's oil demand as official reports show a 20% reduction in oil consumption. However, I believe China'...Read More
- Stewart Thomson, Graceland Updates 1. The decline of the American empire continues relentlessly. The citizens look towards their government for guidance and all they see is maniacal debt worship. Monkey see...monkey do:2. New statistics show that credit card debt of millennials now rivals total student loan debt. 3. Please click here now. The nation's so-called "leaders" now...Read More
By: Ira EpsteinGold Market: higher highs ad higher lows short-term. What resistance exists above? Markets in general are looking at the "what if" scenarios..Read More
One needs to keep on booking profit as long as gold does not break $1633.80 and silver does not break $1882.90. There is a big technical resistance between $1633.80-$1648.50 and $1663.30. For gold to rise to $1900-$2000 for the rest of the year, it has to break and trade over $1633.80-$1648.50-$1663.30 zone. Why am writing this? This is always a slip between the cup and the lip. The Lip here is...Read More
Turkish rebar and wire rod export prices have continued to increase in line with rising scrap costs although demand, especially for rebar, was still not strong enough for the mills, sources said on Thursday February 20.Fastmarkets' weekly price assessment on Thursday for steel reinforcing bar (rebar), export, fob main port Turkey, was $430-440 per tonne on an actual weight basis, up from last week...Read More
Renowned analyst and forecaster Luke Gromen joins us to answer questions about interest rates, central bank policy and the benefits of physical precious metal ownership.Luke Gromen is a graduate of the University of Cincinnati and received his MBA from Case Western Reserve University. He earned the CFA designation in 2003. Luke provides strategic consulting services for corporate executives and is...Read More
Peter Schiff, Louis Navellier, Rick Rule, Jeffrey Saut, and Mark Skousen discuss their investment outlook for the year ahead at the Orlando Money Show. Recorded February 6, 2020.Gold has surged to all-time highs in 2019 after a five-year consolidation, and there are signs it is gaining momentum, which could portend another historic bull run. Global trade and geopolitical uncertainty have fueled th...Read More
SBTV had a fascinating chat with Dave Kranzler, fund manager and publisher of Investment Research Dynamics, about gold's new bull market run. Dave also posited that the movement of the gold price in 2019 suggested that smart money in the gold market anticipated the problems in the repo market and bought gold, driving prices above multi-year resistances.Discussed in this interview:03:43 Why banks a...Read More
Here's a heart wrenching video of a Wuhan mother who cannot take the lies anymore.Continue...Read More
Just because impeachment is almost over and it's an election year does not mean that Congress won't be the scene of anti-Trump activity. Congress is set to keep up the pressure on Trump on a daily basis, and the attacks will continue.Continue...Read More
The global economy was already on precarious footing, and now investors face increased risk due to slowed growth resulting from the coronavirus, Yale University's Stephen Roach told CNBC on Wednesday.Part 1 (part 2 below)Stephen Roach, former Morgan Stanley Asia chairman on just how disruptive the coronavirus could be to China and the global economy.Part 2?>>?Stephen S. Roach, former Chairman of M...Read More
Frank Holmes is the CEO and chief investment officer of U.S. Global Investors, Inc., a boutique investment advisory firm based in San Antonio that manages domestic and offshore funds specializing in the natural resources and emerging markets sectors.Read More
"What a wonderful country we have," Bloomberg said. "The best known socialist in the country happens to be a millionaire with three houses. What'd a miss here?"Continue...Read More
Dexin Steel Indonesia will fire up its first blast furnace on Friday February 21, an industry source told Fastmarkets.Owned by China's Delong Holdings, the mill in Central Sulawesi province's Indonesia Morowali Industrial Park, will have a total production capacity of 3.5 million tonnes per...Read More
Talk about a spike in deaths: Iran is now reporting 9 deaths after shocking the world by revealing that two Chinese nationals infected with the virus had died in the city of Qoms earlier this week Continue...Read More
Turkish deep-sea scrap import prices remained largely unchanged on Thursday February 20, despite the market going quiet after this week's buying spree, sources told Fastmarkets. Steel mills in the country have booked at least six deep-sea cargoes so far this week, totaling around 180,000 tonnes. The most recent deals put the price for Baltic Sea-origin HMS 1&2 (80:20) at $279 per tonne c...Read More
Chinese port prices increased by as much as 15 yuan per tonne ($2.14 per tonne) for Pilbara Blend fines on Thursday February 20 amid a surge in the May iron ore contract on the Dalian Commodity Exchange (DCE).Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $92.01 per tonne, up $2.01 per tonne.62% Fe Pilbara Blend fines, cfr Qingdao: $91.34 per tonne, up $2.01 per tonne.62% Fe low-...Read More
Lion One Metals will continue this work over the coming months. In a news release, Lion One Metals Ltd. (LIO:TSX.V; LOMLF:OTCQX) announced that surface sampling from the Navilawa tenement at its Tuvatu project in Fiji returned high-grade gold."These first surface sample results are very promising and, coupled with recently announced results from our controlled-source audio-magnetotelluric surveys...Read More
Mineral Mountain Resources continues to hit, with the drill bit, wide intervals of Homestake-style mineralization. In a news release, Vancouver-based Mineral Mountain Resources Ltd. (MMV:TSX.V) provided an update on its in-progress Phase 2 drill program targeting the Shear zone at its Standby gold project in South Dakota.As of Feb. 15, 2020, the company drilled seven holes covering 2,522 meters (...Read More