"Travel," Mahatma Gandhi once said, "is the language of peace."If that's the case and I happen to believe that it is then I'm extremely bullish about the future, especially with respect to U.S.-China relations. The trade war's days may be numbered as both sides of the skirmish reached a partial agreement last Friday, laying the groundwork for Presidents Donald Trump and Xi Jinping to sign a tr...Read More
US President Donald Trump said on Monday October 14 that he will impose a 50% tariff on imports of steel from Turkey in response to that country's military actions in northeastern Syria.However, market participants believe such a move will have a minor impact on the Turkish steel sector, because Turkey's steel exports to the United States are already limited because of weak demand.BilletA trader f...Read More
Clint Siegner, Money MetalsJerome Powell has something in common with Bagdad Bob, Saddam Hussein's infamous press secretary. They're both liars, suggests Money Metals podcast guest Craig Hemke of the TF Metals Report.Telling obvious lies with a straight face is part of Powell's job description. He hopes to maintain order even though anyone who is paying attention knows something extraordinary i...Read More
At present, there could be a number of positive developments for precious metals.Last Friday, the US Dollar cracked lower and could be at risk of lower levels into year end.Days earlier the Federal Reserve announced new "QE-like" measures just as they told us it was not really QE. In addition, the market is showing a nearly 68% chance of a rate cut later this month. Isn't all this bullish for...Read More
Stewart Thomson 1. For silver, all roads probably lead to the $22-$25 area. For gold, all roads likely lead to $1600-$1800. There could be significant bumps in these roads, probably involving time more than price.2. Please click here now. Double-click to enlarge this silver chart.3. Silver looks stronger than gold, but gold is also looking very solid, from b...Read More
By: Ira EpsteinGold swing lines: lower highs and lower lows. Bollinger support $1478, near swingline..Read More
CIS billet producers raised their export offer prices this week due to reduced availability and in response to rising scrap costs.The move came in response to last week's rise in imported scrap prices in Turkey, with billet harder to source in the absence of some Ukrainian mills.Some Russian producers also reported that they had filled their November order books last week and h...Read More
Eastern China's rebar prices dropped on Tuesday October 15 due to subdued demand and weakening futures, while those in the north held steady. Domestic Eastern China (Shanghai): 3,670-3,700 yuan ($519-523) per tonne, down 30 yuan per tonneNorthern China (Beijing): 3,570-3,600 yuan per tonne, unchangedSome traders stopped restocking due to narrowing margins. This, coupled with weak futures, weighed...Read More
Following a series of repurchase operations that were supposed to be temporary, last week Federal Reserve Chairman Jerome Powell apparently felt that the liquidity issue had not yet been solved. As he said "Indeed, my colleagues and I will soon announce measures to add to the supply of reserves over time." And sure enough, later in the week the Fed announced that it was going to start purchasing s...Read More
Michael Maloney is a precious metals investment expert and historian. He is the founder and owner of GoldSilver.com, a global leader in gold and silver sales/storage and one of the world's most highly regarded investment education companies. He is author of the highest selling precious metals investment book of all time, Rich Dad's Advisors: Guide to Investing In Gold and Silver. In addition, Mr....Read More
For Part 1 of this interview, CLICK HEREMax continues his interview with Alasdair Macleod of Goldmoney.com. In this segment, they discuss the rise of China, its large purchases of gold, and Alasdair's belief that China may one day announce that it has over 10,000 tons of gold. Should Beijing do this, the dollar is toast, he says.Alasdair Macleod is head of research for GoldMoney. He also runs Fina...Read More
In this interview Kerry Stevenson from Symposium discusses with Egon von Greyerz the deteriorating health of the global world economy. The root cause originates from deceitful governments, derivatives, money printing and too much debt.Egon doubts Cryptos will be a savior of the upcoming global melt down. Egon purports: Governments are likely to ban Cryptos, by shutting down the exchanges, also the...Read More
"If 'Fairy Godmother Billy Porter' doesn't have an Academy Award for Best Supporting Actor written all over it, we don't know what does." Continue...Read More
U.S. Attorney General William Barr, along with co-conspirators in the UK and Australia, recently wrote a letter to Mark Zuckerberg requesting he not move forward with Continue...Read More
The mainstream financial media is absolutely ebullient about global central banks' renewed enthusiasm to cut interest rates to a level that is even lower than they already are. Continue...Read More
Topics:Why the narrative just failed and what it meansTranslating narrative failure to portfolio positioning: Who wins and who loses?Reconciling Luke's narrative failure thesis with the treasury bid evidenced by low yieldsRead More
Continue...Robert Shiller is an American economist, academic, and best-selling author. He currently serves as a Sterling Professor of Economics at Yale University and is a fellow at the Yale School of Management's International Center for Finance. Mr. Shiller has been a research associate of the National Bureau of Economic Research (NBER) since 1980, was Vice President of the American Economic Ass...Read More
"If America does not speak out for human rights in China because of commercial interest, then we lose all moral authority to speak out for human rights anyplace in the world."Continue...Read More
German Chancellor Angela Merkel ignored an EU risk assessment and allows Huawei's 5G technology.Continue...Read More
China's ferro-silicon market has been stable since participants returned from a week-long national holiday in the country on October 1-7, with prices hemmed between tighter supply amid production cuts and weaker demand.In Europe, prices increased for the first time since the start of August amid supply worries after a recent announcement of cuts to domestic production combined with low trader stoc...Read More