The top trends forecaster shares his thoughts on why protests in many nations throughout the globe are a driver in central banks continual printing of a massive amount of money. Gerald also weighs in on the coronavirus situation, the U.S. strike on Iran earlier this month, and why he believes gold may hit a new all-time high as soon as this year.Gerald Celente is a pioneer trend strategist and fou...Read More
Investment Guru Jim Rogers on his expectations from India's Budget 2020, says "PM Modi always says that he is going to balance the budget but he never does it. India is only increasing debts every year."Jim Rogers co-founded the Quantum Fund with George Soros in 1973, helping to steer the fund to a 4200% return before "retiring" at age 37. He is considered to be one of the greatest investors of al...Read More
This map allows you to see in real-time where the latest cases of coronavirus are confirmed around the world. Continue...Read More
The following is a TA post. It tries not to focus on fundamentals or the negative potential sentiment setup that could develop when Coronavirus relief finally spreads across the land. It’s the short and long-term TA of it, as it stands now.I found this comment response to the Goldseek version of my article on the long-term gold Commitments of Traders situation to be amusing and also on point...Read More
- Gary Tanashian, NFTRHNote: The following is a TA post. It tries not to focus on fundamentals or the negative potential sentiment setup that could develop when Coronavirus relief finally spreads across the land. It's the short and long-term TA of it, as it stands now.I found this comment response to the GoldSeek version of my article on the long-term gold Commitments of Traders situation...Read More
By: Ira EpsteinGold pushing upper band of Bollinger band on monthly gold chart. There is nothing bearish on the chart, 18-month moving average now bullish, over the 100-month moving average. Weekly gold chart trying to break above the 1613.30 highs from missile day - swing lines. The uptrend in gold continues..Read More
As the coronavirus continues to spread, global financialmarkets are showing the symptoms of investor unease. Chinese and emerging markets stocks have taken a big hitover the past several days, as have commodities. Crude oil prices have dropped13% over the past two weeks while copper has seen a 12% drop on concerns aboutthe impact of the China virus on global demand. Gold is faring much better as s...Read More
Recession, recession - will wesee one in 2020? And will it bring about a rally in gold then?. True or false?In today’s article, we’ll test the ‘recessionin 2020’ narrative and we’ll then show you what it all means for the gold market.One year ago, we wrote that “we do not expectrecession next year or even in 2020”. We were right: the U.S. economy did notsl...Read More
European steel association Eurofer forecasts a modest recovery in apparent steel consumption in 2020, with risks relating to import volumes, Eurofer said on January 30."2019 was another challenging year for the steel sector, with declines in steel consumption and import levels, which - while down compared to 2018 - were still very high compared to historical levels," director general of Eurofer, A...Read More
TheFed kept rates unchanged and while it was not immediately preceded by majorprice moves in the PMs, the no-change decision was followed by bullish priceaction in the following hours. This action extends into today’s pre-markettrading.Mostinterestingly, however, the USD Index repeated its daily reversal confirming that lower values are to be expected. This confirms our yesterday’sanal...Read More
The Dow is at, or very close to a 90-yearresistance line: Could a top be in, or is it extremely close?What I do know, from my own research, is that major Dow peaks are extremelyimportant when it comes to Silver rallies. The best part of Silver rallies often comeafter major Dow peaks, and can last for years.Below, is a another long-term chart of theDow (with a Silver chart at the bottom):I have don...Read More
Heavy rainfall in the Brazilian southeastern state of Minas Gerais has caused interruptions for some railway operators transporting iron ore for exports, but the impact has been minimal, companies told Fastmarkets on Wednesday January 29.January 2020 has had the highest rainfall rate in 110 years, the Minas Gerais' state governor office said on Wednesday. Vale, the world's largest iron ore pr...Read More
The Wuhan coronavirus will likely influence fundamentals in China's steel market and Chinese export trends in the near future, sources told Fastmarkets this week.Industry sources have sketched out a number of scenarios that may happen, especially if the situation becomes drawn out and restrictions on travel and transportation persist into the foreseeable future."If logistical restrictions continue...Read More
- Gary Tanashian, NFTRHNote: The following is a TA post. It tries not to focus on fundamentals or the negative potential sentiment setup that could develop when Coronavirus relief finally spreads across the land. It's the short and long-term TA of it, as it stands now.I found this comment response to the GoldSeek version of my article on the long-term gold Commitments of Traders situation...Read More
Dave KranzlerThe "narrative" architects and fairytale spinners are desperately looking for evidence to fit their "consumer is still healthy / economy still fine" propaganda. The hype over strong holiday sales was premature if not fraudulent, as data-manipulators appear to have taken the growth in online holiday sales and projected it across the entire retail sales spectrum. I guess they overlook...Read More
By: Ira EpsteinGold pushing upper band of Bollinger band on monthly gold chart. There is nothing bearish on the chart, 18-month moving average now bullish, over the 100-month moving average. Weekly gold chart trying to break above the 1613.30 highs from missile day - swing lines. The uptrend in gold continues..Read More
Missing the YenBuy, Hold, PrayPassive Investing by the NumbersFloating AimlesslyDallas and New YorkRegular readers know I often criticize so-called "experts," usually economists or central bankers whose flawed decisions are punishing the rest of us. I find their expertise is not nearly as reliable as they seem to think.At the same time, I rely on experts whose judgment I respect. I know they a...Read More
Here are five Fastmarkets MB stories you might have missed on Friday January 31 that are worth another look. Imports of hot-rolled stainless steel sheet and coil from China, Taiwan and Indonesia now need to be registered on entering the European Union and could be subject to retroactive duties later in the year.The supply-demand dynamics in the global copper market were likely to turn into a defic...Read More
Trade disputes and geopolitical uncertainties had already made the prospects for global economic growth uncertain. A coronavirus has now added to the challenges facing financial markets.The epicenter of the virus is Wuhan, an important commercial hub in China that is home to 11.9 million people, including the country's largest student population. It is also a manufacturing hub, with around 500 fac...Read More
The latest bids, offers and deals in the global markets for rebar, wire rod, steel beams and other long steel products.Latest transaction: rebarRebarEast China, domestic, grade III 16-25mm...Read More