Dear Friend of GATA and Gold:A grudgingly approving reference to GATA comes today from the investment research chief of currency trading house BDSwiss, Marshall Gittler, whose essay at FXStreet is headlined "Another 'Risk-Off' day, But with Another Fall in Gold":https://www.fxstreet.com/analysis/another-risk-off-day-but-with-another-...Gittler writes:"The most interesting point of the day, thoug...Read More
By: Carolyn BorodenGold has potential upside to 1709.41 in the futures (GC) as long as two support areas hold. There's initial support at the recent low near 1626, and a wide cluster of support at symmetry projections between 1614.80 and 1621.30.As long as price holds above one of these two zones, we can begin to look at buy triggers. If price breaks beneath there, we'll back off until furth...Read More
Gold should start another wave of rise. Silver will now behave like a precious metals and not an industrial metal. Even USA is preparing for corona virus outbreak. Lack of demand from global tourism industry should result in crude oil prices sliding. Next week will be a big week for bulls and bears of gold. If economic data releases wins then gold prices will correct more. If corona virus wins t...Read More
Turkish steel mills have continued to stay away from the deep-sea scrap markets to try to keep pressure on prices, sources said on Thursday February 27.After a buying spree in the past three weeks, the mills stopped their deep-sea purchases at the beginning of this week.The mills were very active in the deep-sea scrap markets in the period from February 4-24, booking at least 22 cargoes totaling m...Read More
Turkish steel billet prices have remained stable over the past week on steady imported scrap costs, sources said on Thursday February 27.The suppliers in the Commonwealth of Independent States (CIS) region were still offering material at $405-415 per tonne cfr this week, but no significant bookings were heard at those prices.Some sources believed that bids from Turkish customers would be heard at....Read More
To Watch Update #33, CLICK HEREThe situation with the coronavirus is quickly going from bad to worse.Hundreds of cases breaking out across the world, dozens of new deaths.And, of course, these are just the official numbers. Many countries have inadequate/non-existent testing procedures, so the true numbers may be quite a bit higher.As covid-19 continues to rip through the EU, Iran and South Korea,...Read More
As predicted by both Mike Maloney and Chris Martenson, the economic consequences of the Coronavirus pandemic are proving to be devastating. Markets are being crushed all around the world, as investors and industry slowly awaken to the dire circumstances that will effect every aspect of our intertwined 'just in time' economy. Join Mike and Chris for their latest update on the markets, the US dollar...Read More
Charles was long gold from $1494 and closed the trade two days ago when it hit its short term cycle peak. Chareles believes that it will resume it's upward trajectory in early summer 2020, eventually hitting a $2500. The Vix hit a high as predicted. Crude is still going to 36. Natgas hit a low of 1.77 per mm btu, another Nenner call. Charles's target high for the S&P was 3389 and that's where it l...Read More
*Interview was recorded on 13th Feb 2020Discussed in this interview:02:32 Top trend for 2020: New world disorder08:01 Closing of gold window in 197114:33 The endgame of the dishonest money system15:48 Beneficiaries of the monetary methadone19:12 The great gold robbery of 193322:06 Gold bull run27:12 The first shots of World War III has been fired32:26 Prepare now to survive the coming depressionGe...Read More
With Equity markets topping, POTUS calling for lower rates, Fed policy driving negative real interest returns, and deficits ballooning from $1.2T towards $2T, more and more people are waking up to the realization that the USD buys less each year, and that gold offers a safe haven.Rick Rule, CEO of Sprott Asset Management, returns to Liberty & Finance / Reluctant Preppers to answer viewers' questio...Read More
"Today, Firefox began the rollout of encrypted DNS over HTTPS (DoH) by default for US-based users. The rollout will continue over the next few weeks to confirm no major issues are discovered as this new protocol is enabled for Firefox's US-based users."Continue...Read More
"If you're a U.S. citizen and thinking ICE facial-recognition searches don't affect you, you're wrong." Continue...Read More
Mohamed El-Erian thinks the Fed's upcoming rate cuts will have little impact on the economy since the Fed can't force people to travel or leave their homes. Continue...Read More
Exactly a month ago I warned that the Corona Virus outbreak was going to pop the "Everything Bubble." I did something fairly subtle. I buried my main message under a whole heap of cow manure. It doesn't make aContinue...Read More
US stock market pounded again for the 6th day in a row.Two back to back days with markets down 3%. The only time it's ever happened three days in a row was during the great depression.Gold living up to its role as a store of value.Bitcoin fails the test as a reserve currency.Bitcoin pumpers forced to admit it is not digital gold. It's digital risk.Democrat candidates pander against each other.Pete...Read More
The newspaper then attacked Cuban Americans who had escaped the communist nation, writing that Sanders' "comments sparked the anger of the most Continue...Read More
As the hysteria surrounding the mysterious coronavirus case in California with no obvious connection to China mounts, California Gov. Gavin Newsom just confirmed that the state is 'monitoring' 8,400 people. Continue...Read More
Health officials have been suggesting the use of face masks to prevent the spread and transmission of the coronavirus, which is quickly spreading around the globe. But the real question is doContinue...Read More
"In the event that the virus effect spreads to Q2, we could see gold top $1800/oz already on a 3-month basis."Continue...Read More
Prices for imported steel billet and domestic rebar in Egypt increased in the week ended Thursday February 27, but demand was still weak, sources told Fastmarkets.Some Egyptian rebar producers increased their prices on Wednesday February 26.Egyptian rebar producers were offering rebar at E ?9,600-10,100 per tonne ex-works including 14% value-added tax, up from last...Read More