But Oracle's bottom-line number was better than expectedOracle Corporation (NYSE:ORCL) is pacing for its third straight quarter of post-earnings losses, with the shares falling 9.3% this morning to trade at $47.15. While the tech giant's sales from its cloud business rose almost 32% during its fiscal third quarter to $1.57 billion, this number fell just shy of estimates. Meanwhile, Oracle's earnin...Read More
Prices for imported billet in the United Arab Emirates increased this week on higher offers, but demand for rebar imports remained limited, sources told Metal Bulletin on Tuesday March 20. Demand for locally produced rebar in the UAE still remained strong, however. Domestic rebar The major rebar producers in the UAE rolled over prices for March and April production late in February. New prices are...Read More
Continue...Axel Merk is the Founder, President, Portfolio Manager, and CIO at Merk Investments LLC. He is an expert on qualitative research and macroeconomic trends. Mr. Merk is also an expert on macro trends, hard money, international investing, and on building sustainable wealth, and he is a pioneer in the use of strategic currency investing to seek diversification. He is a speaker and author on...Read More
By Axel MerkWhen it comes to your investment portfolio, do you ignore the noise coming out of the White House? Do tariffs matter? Or would it be more prudent to chill and focus on other potential drivers of the markets? I have (somewhat cynically) noted that the less investors have been thinking, the better their investment performance must have been over the past decade. Could it be that our in...Read More
Rising inflation has hit the headlines, sparking some attention from journalists. What most mainstream investors don't realize, though, is that history shows inflation can quickly get out of control, and not just in some mismanaged third-world country. Surprise spikes in inflation have occurred right here in the US-and given the massive amount of currency dilution around the world over the past de...Read More
Zimbabwe's new government has changed its empowerment ownership laws for the diamond and platinum sectors, in an effort to re-engage international lenders, curb spending and attract investors to revive the country's battered economy.The new rules, Reuters reports, limit majority ownership by state entities to only diamond and platinum operations and not the entire mining sector as in previous...Read More
Oppenheimer thinks Roku's streaming channel is a positive catalystRoku Inc (NASDAQ:ROKU) stock is higher today, up 3.2% to trade at $34.94, thanks to news the streaming TV company's app would be available on select Samsung Smart TVs this summer. This may have promptedan upgrade at Oppenheimer to "perform" from "underperform." The analyst in coverage said Roku's streaming channel is a positive cat...Read More
Dollar broadly higher ahead of Fed meeting Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitatio...Read More
Source: Jack Chan for Streetwise Reports 03/19/2018 Technical analyst Jack Chan charts recent movements in the gold and silver markets. -->Our proprietary cycle indicator is down.The gold sector is on a long-term buy signal. Long-term signals can last for months and years and are more suitable for investors holding for long term.The gold sector is on a short-term buy signal. Short-term sign...Read More
Big gold and silver miners have a problem: They're evaporating. Each year they take more metal out of the ground than they discover, which brings them ever-closer Continue...Read More
The Turkish scrap import market continued to be quiet on Tuesday March 20, on the absence of fresh deep-sea trading.Turkish steel producers stepped back from deep-sea scrap purchases on March 9, following the Section 232 announcement in the United States that applied a 25% duty to imports of steel products.The demand for rebar exports has gone down sharply since that announcement and the Turkish m...Read More
Conclusion why the US dollar's reserve status is at riskWhat is at stake is the reserve status of US dollar following:Loss of dependency on Saudi oil because of the US becoming an oil net importer as early as 2019 making the Petro-Dollar contract less of importance.The introduction of the Petro-Yuan-Gold contract planned for March 26.Trade tariffs that will reduce the flow of US dollars into forei...Read More
Options traders have been growing optimistic toward BB in recent weeksTech stock BlackBerry Ltd (NYSE:BB) is higher this morning, after the company announced another cybersecurity partnership, this time with sector peer Microsoft Corporation (NASDAQ:MSFT). Specifically, BlackBerry will provide security for the blue chip's flagship Office applications that are used by businesses. In reaction, share...Read More
Cranbrook, B.C., March 20th, 2018: Eagle Plains ("EPL" or "Eagle Plains") is pleased to announce that option partner SSR Mining Inc. (formerly Silver Standard Resources Inc.) ("SSRM") (TSX: SSRM) (NASDAQ: SSRM) has commenced its 2018 drilling campaign on Eagle Plain's 100%-owned Fisher Property. SSRM is planning approximately 18,000m (59,000') of drilling for the property during 2018, with an in...Read More
Dear Friend of GATA and Gold:Thanks to Keith Weiner of Monetary Metals for at least attempting a reply to your secretary/treasurer's recent commentary --http://gata.org/node/18105-- disputing his assertion that central banks don't care about gold and aren't manipulating its price. But in his new commentary, "Standing Ready to Lease Gold," posted at GoldSeek here --http://news.goldseek.com/GoldSe...Read More
WASHINGTON (Reuters) - President Donald Trump will soon make it easier to export some types of lethal U.S.-made drones to potentially dozens more allies and partners, according to people familiar with the plan.Trump is expected to ease rules for such foreign sales under a long-delayed new policy on unmanned military aircraft due to be rolled out as early as this month, the first phase of a broader...Read More
"It is time. #deletefacebook," he wrote on Twitter.Continue...Read More
- $8.8B Sprott Inc. sees higher gold on massive consumer debt, defaults & bankruptcies - Rising and record U.S. debt load may cause financial stress, weaken dollar and see gold go higher- Massive government and consumer debt eroding benefits of wage growth (see chart)by BloombergRising U.S. interest rates, usually bad news for gold, are instead feeding signs of financial stress among debt-la...Read More
Domestic prices for ferrous scrap in Italy increased by ?,?30 ($35) per tonne this month following the positive trend in the international market, sources told Metal Bulletin.Metal Bulletin's monthly price assessment for domestic grade E3 scrap in Italy was ?,?290-310 ($357-381) per tonne delivered in March, up from ?,?260-280 per tonne delivered a month earlier. The increase was...Read More
The major long-term driver of the gold price is confidence in the official money and in the institutions (governments, central banks and private banks) that create/promote/sponsor the official money. As far as long-term investors are concerned the gold story is therefore a simple one: gold will be in a bull market when confidence in the financial establishment (money, banks and government) is in...Read More