China's rebar prices moved up on Monday September 23 after news broke that a few steelmaking regions would restrict production from this week. Domestic Eastern China (Shanghai): 3,670-3,700 yuan ($516-520) per tonne, up 50 yuan per tonneNorthern China (Beijing): 3,570-3,610 yuan per tonne, up 20 yuan per tonneLocal authorities in Tangshan are tightening steelmaking restrictions ahead of the countr...Read More
Daniel R. Amerman, CFAOne of the most common reasons to buy gold is to use it as a stable store of value. This analysis uses 50 years of history to test that common belief, and finds it woefully lacking - for it misses the best parts of investing in gold.The graph above will be developed, and we will show that gold is instead a more sophisticated (and desirable) investment than most people reali...Read More
Dave KranzlerIt would be difficult to find a chart with a more bullish set-up than that of GDX unless it was a chart of the imminent move higher in the U.S. dollar money supply:The Fed was unable to move the Fed funds rate within 50% of the its long term average "normalized" level. It was also unable to unwind little more than 20% of the money it printed under Bernanke and Yellen, despite Bern...Read More
U.S. Overnight Repo Rate Source: www.tradingeconomics.com , www.stlouisfed.orgAs expected, the Fed cut the key banking rate another quarter point this past week to 1.75%-2.00%. It is the second cut this year. Expectations by many are for one more, but there are many who expect the Fed to be done for the year. The Fed as usual was ambiguous. If there is one more, we would not expect it to happe...Read More
Peter DegraafLong term trends take a long time to reverse. One such trend compares gold mining stocks to the S&P 500 stocks. From 2002 until 2011 gold mining stocks outperformed generic stocks, as can be seen in the following chart. (Charts courtesy Stockcharts.com)The trend unmistakably featured mining stocks ($HUI) over the S&P 500 stocks. From 2011 until recently, the trend...Read More
Sept. 20th, 2019(S14-E714)Featured GuestsMichael Pento& Bob HoyePlease Listen HereInterview Recap.Bob Hoye, Editor & Chief Investment Strategist of Bob Hoye.com rejoins the show with insights on US Fed.Bob Hoye draws parallels between the declining yield curve today and that of the Great Depression.The global economy could enter an intractable downturn, beginning with a financial market declin...Read More
By: Avi GilburtThe pundits and the media were debating for several weeks leading up to the last Fed meeting about what the Fed was going to do and the effect they thought it would have on the market. And, it amazes that the great majority of the market does not realize how much of a waste of time these debates really are. But, as I often note, many market participants and analysts are simply...Read More
- Keith WeinerSomething happened in the credit market this week. A Barron's article about it began:"There have been disruptions in the plumbing of U.S. markets this week. While the process of fixing them was bumpy, it was more of a technical mishap than a cause for investor concern."Keep Calm and Carry OnSo, before they tell us what happened, they tell us it's just plumbing, it's been fixed,...Read More
Dear Friend of GATA and Gold:Why did the London Bullion Market Association drop JPMorganChase commodity trading desk chief Michael Nowak from its board of directors this week?Probably not because Nowak was indicted by the U.S Justice Department, accused of racketeering with other Morgan traders in part of the longstanding manipulation of the monetary metals markets. For the indictment was anno...Read More
StrengthsThe best performing metal this week was silver, up 3.16 percent, as gold rebounded this week. As gold was set for a small weekly gain for the first week in four, traders were mostly bullish or neutral on bullion's trajectory in the weekly Bloomberg survey. Palladium, however, rallied as much as 1.8 percent to a record $1,648.65 an ounce for its best run since 2012 with seven weeks of...Read More
Import prices for steel slab in Southeast Asia and East Asia breached the psychological floor of $400 per tonne for the first time since July 2017 on Monday September 23 amid weakness in the downstream hot-rolled coil market.A producer in the Commonwealth of Independent States sold 40,000 tonnes of slab to Southeast Asia at $400 per tonne cfr during the week to Monday.After the transaction at $400...Read More
RambusTonight I would like to start out by looking at the old ratio combo chart that has the GOLD:XAU ratio chart on top with the XAU on the bottom. I'm not going to go over all the details the ratio combo chart has, only to emphasize the 20 year 6 point parabolic arc which shows how gold had been outperforming the XAU until the small double top at 24.33 in late 2015. When the parabolic arc was...Read More
By: Ira EpsteinGold turning over? Market is confused from Friday's Chinese news..Read More
False AssumptionsNecessary DebateKeynesian Sense?The Bond Master ClassHouston and Home Again"Practical men, who believe themselves to be quite exempt from any intellectual influence, are usually the slaves of some defunct economist. Madmen in authority, who hear voices in the air, are distilling their frenzy from some academic scribbler of a few years back."?John Maynard KeynesI begi...Read More
Peter Schiff has been saying that the price of gold and silver are going to take off. But why?Peter isn't just taking a wild guess or gazing into a crystal ball. He's basing this prediction on the unavoidable economic consequences stemming from more than a decade of Federal Reserve mechanizations. In s nutshell, the central bank has checked us into a monetary roach motel. Once it entered the curre...Read More
Danielle DiMartino Booth of Quill Intelligence says the Fed is "woefully" behind the curve and discusses the central bank's repurchase operations.Danielle DiMartino Booth spent nine years as an advisor to Richard W. Fisher at the Federal Reserve Bank of Dallas. Danielle left the Fed in 2015 to found Money Strong, LLC, an economic consulting firm and launched a weekly economic newsletter She is the...Read More
Click here for the full transcript: http://financialrepressionauthority.c...Yra Harris is a trader with over 32 years of experience in all areas of commodity trading, with broad expertise in cash currency markets. He has a proven track record of successful trading through combination of technical work and fundamental analysis of global trends; historically based analysis on global hot money flows....Read More
The low, transparent prices will let patients without insurance pay out-of-pocket for basic care and know exactly what each service costs.Continue...Read More
President Trump deserves credit for resisting the war cries from neocons like Sen. Lindsey Graham and Secretary of State Mike Pompeo after last week's attack on two Saudi oil facilities. Pompeo was eager to blame Iran because he wants war with Iran and anything that can trigger such a war is fine with him. So he put the president in a difficult spot by declaring Iran the culprit: suddenly the pres...Read More
Harley Schlanger's work can be found at LaRouchePAC.com.Read More