In the latest edition of Insights, we check the relative performance of Canadian versus US stocks since December 1st of last year when Donald Trump issued Xi Jinping a tariff ultimatum during their Buenos Aires dinner. Our broadcast of the week looks at a possible signal for small-cap oil patch stocks while our insider of the week is one of Canada's most successful entrepreneurs who is buying an...Read More
Seaborne iron ore prices were rangebound on Tuesday July 23, while the ongoing environmental restrictions have limited iron ore demand.Fastmarkets' index for iron ore 62% Fe fines, cfr Qingdao: $117.82 per tonne, down $0.51 per tonne. Fastmarkets' index for iron ore 62% Fe Pilbara Blend Fines, cfr Qingdao: $117.74 per tonne, down $0.51 per tonne. Fastmarkets' index for iron ore 62% Fe low alumina...Read More
Bad weather is weighing on domestic rebar demand in China, but prices were unchanged on Tuesday July 23 with the strength in the futures market being sustained.Domestic Eastern China (Shanghai): 3,970-4,000 yuan ($577-581) per tonne, unchangedNorthern China (Beijing): 3,900-3,930 yuan per tonne, unchangedVarious parts of northern and southeastern China were inundated with heavy rain in the last co...Read More
Rising freight rates offset the benefit of a 3.5% increase in chrome ore prices in terms of producer sales in the week to Friday July 19, market sources told Fastmarkets. Chrome ore prices jumped on Friday amid rising nickel prices and stronger sentiment around the stainless steel market. Fastmarkets' chrome ore South Africa UG2 concentrates index basis 42%, cif China, rose by $5 per tonne, o...Read More
Jordan Roy-ByrneIt was a huge week for the gold stocks. GDX gained nearly 7% while GDXJ surged over 10%. Gold hit $1450/oz after Thursday before selling off Friday. Silver met the same fate on Friday but managed to close the week up over 6% and at a new 52-week high. Let's take a look at the current technicals.Gold closed the week just below $1427/oz. If it remains above $1420-$1425, then it i...Read More
Expected interest rate cuts by all the central banks is supporting gold at the moment. European central bank is expected to cut interest rates in September. Trade war theme is still there. In short, all the factors are bullish for gold. Investment demand is on the rise with passing of each week. Economic growth news will be the key. Measures (other than interest rate or different forms of quan...Read More
Both the Chinese domestic and export ferro-silicon prices jumped up by around 5% week on week on Wednesday July 17 on improved demand and tight supply, while US market participants view the stabilizing European price as a hint that the US price is close to reaching a bottom. An uptick in ferro-silicon demand pushed the Chinese domestic market up by 4.8% while the export price increased by 5.1%.US...Read More
China's stainless steel prices are set to come under pressure from rising supply, but with the Shanghai Futures Exchange set to launch its futures for this segment, the spot market could be in store for more liquidity as well as fluctuation.Rising capacity China's stainless steel mills are making more investments in infrastructure amid an outlook for steady growth of consumption in the country in...Read More
Peter Schiff is an internationally recognized economist specializing in the foreign equity, currency and gold markets. Mr. Schiff made his name as President and Chief Global Strategist of Euro Pacific Capital. He frequently delivers lectures at major economic and investment conferences, and is quoted often in the print media, including the Wall Street Journal, New York Times, Barron's, BusinessWee...Read More
Join Mike Maloney for a follow up from last week's video on the extreme event occurring in silver. You'll see the level of accumulation has only struck these levels before twice since 1969...what does it all mean?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'...Read More
* GRAPHIC-2019 asset returns:* LME nickel stocks touch lowest since January 2013 (Adds closing prices)By Zandi ShabalalaLONDON, July 23 (Reuters) - Nickel slipped on Tuesday andanalysts said prices that were still near one-year highs for themetal used to make stainless steel were not supported by mostfundamentals.Benchmark nickel on the London Metal Exchange (LME)ended 0.9% lower at $14,170 per to...Read More
Links to slides and sources: https://www.itmtrading.com/blog/digit...Question 1. Frank S: What will happen during the reset with all the digital gold contracts that exceed the amount of physically available gold? Will we see one price/market for physical bullion and another price/market for digital gold contracts? How will this market separation be visible for us?Question 2. Les M: When is enough...Read More
Max talks to Chris Martenson of PeakProsperity.com about the choice between 'greatness and oblivion' in our environmental and economic policies going forward. They also discuss whether or not the U.S. can go negative on their sovereign debt yields and still retain its reserve currency status. Max Keiser is an American broadcaster and film-maker. He hosts Keiser Report, a financial program broadcas...Read More
(Adds details)MILAN, July 23 (Reuters) - Italy's depositor protection fundon Tuesday kicked off a 900 million euro rescue process fortroubled bank Carige via the conversion of around 313million euros ($350 million) of a bond into shares.Genoa-based Carige, weakened by decades of mismanagement, risks collapse as a result of bad loans accumulated duringItaly's recession that followed the global fina...Read More
This whole claim of a gender wage gap? It's TOTALLY false. It compares total earnings, not pay earned for the "same work."Read More
The British government is refusing to release a 1941 file on Palestine, as it might "undermine the security" of Britain and its citizens. Continue...Read More
Former Dallas Fed advisor Danielle DiMartino Booth and NatWest Markets managing director Michelle Girard give their take on the booming national debt and whether the Federal Reserve should lower interest rates.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 cons...Read More
The Q2 earnings season is upon us and the risks to the rally that started after the worst December on record at the close of last year is in serious jeopardy. We received a glimpseContinue...Read More
For the past several months, Nick Santiago has been bullish on gold. Now that bullishness is expanding to silver, where he believes the returns will be severals times the eventual returns in gold. He believes that everyone needs to join this bandwagon now, before it's too late. Inflation is about to again rear its ugly head and those who don't prepare for it will face many difficulties. No one sho...Read More
James' new book is available for pre-order on Amazon and Barnes & Noble: Aftermath: Seven Secrets of Wealth Preservation in the Coming Chaos.Jim Rickards is a lawyer, investment banker and economist with over thirty years' experience in capital markets. He is currently Chief Global Strategist at Meraglim. He advises the Department of Defense, the U.S. intelligence community, and major hedge funds...Read More