Northern hemisphere summer is over. It has been a golden summer this year. Silver outperformed gold. Some of you were telling me how I was not hyper bullish on silver. My answer is that, I have been an outright silver bull since I started analyzing precious metals in 2003 and will remain bullish on silver till I am alive. However I been scorned by clients, family and friends over the past few ye...Read More
Supply Shocks AheadSubnormal GrowthBond Market InsanityParalyzed BusinessBumpy RideFlorida and a Fire Drill(August 31) We have reached Labor Day weekend which, in the US, is a holiday for honoring work and workers. If you're a Baby Boomer like me, you also grew up knowing school was about to start again. We didn't do the mid-August thing back then. The first day of school was the day after Labor...Read More
The uptrend in the iron ore market since 2019 started halted in August, with a month-on-month price decline of 24% for 62% Fe material and a 23% price decline for 65% Fe material.The 65% Fe derivatives contract on the Singapore Exchange - which was launched in December 2018 and settled against Fastmarkets' daily 65% Fe iron ore index - stayed above 2-million-tonne trading volumes in August, compar...Read More
Physical iron ore prices were down on Tuesday September 3 amid a cooling off in buying interest while the futures market stayed largely rangebound.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $89.14 per tonne, down by $1.44 per tonne.62% Fe Pilbara Blend Fines, cfr Qingdao: $89.53 per tonne, down by $1.44 per tonne.62% Fe low-alumina fines, cfr Qingdao: $86.80 per tonne, d...Read More
"I think we're in the third and final phase of the gold market that's started in 2001, and this will be the most explosive phase for gold," Giustra told Kitco News.Frank Giustra is a Canadian business executive, who has been particularly successful in the mining and filmmaking industries, and is a noted philanthropist. Mr. Giustra started out as an assistant trader and then became a stockbroker at...Read More
William Cohan, Vanity Fair special correspondent, joins "Fast Money Halftime Report" to discuss why a Fed rate cut could be a mistake.Read More
We all agree that this is an early stage bull market for gold but there are some near term swings to take note of.Jordan Roy-Byrne, CMT is a Chartered Market Technician and member of the Market Technicians Association.. He is the publisher and editor of TheDailyGold Premium, a publication which emphasizes market timing and stock selection for the sophisticated investor, as well as TheDailyGold Glo...Read More
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Gregory Mannarino started his financial career working for the securities and trading arm of the now defunct Bear Stearns before the dot-com bubble. He is an active trader of the capital markets and has published several books pertaining to finance, global economics, and equity trading; His most recent book is titled Ultimate Guide To Money and The Markets (free ebook). Gregory currently hosts a b...Read More
Topics:Oct 12, 2018: A date few noticed but we all should: The USD "insurance" market effectively went no-offerWhy FX-hedged relative yields are so importantConsequences of FX-hedged UST yields turning negativeWhere we stand: 7th, 8th or 9th inning?The mechanics: What should we expect from markets when the Fed is forced to monetize deficits?Read More
0:05 Introduction2:19 Price action in gold and silver and its significance7:05 Wait for a pullback to buy more gold stocks?11:39 Why Dave likes U.S. Gold Corp.23:24 Discussing Mineral Mountain Resources26:57 Discussing appropriate share dilution for pre-revenue junior miners36:44 What will happen to our gold stocks after a major systemic collapse?Dave Kranzler of Investment Research Dynamics retur...Read More
Prices for steel rebar and billet imported into the United Arab Emirates have decreased over the past week, with demand remaining poor, sources said on Tuesday September 3.Market participants believed that demand would improve after the price falls stopped, because buyers did not want to book while prices were still on their way downward.Domestic rebarEmirates Steel is the UAE's largest producer,...Read More
On today's episode of Double Down, Max Keiser and Stacy Herbert talk to Alasdair Macleod of Goldmoney.com about President Trump's rampage on Twitter against the US Fed.Continue...Read More
Sean Masaki Flynn is an associate professor of economics at Scripps College and the author of "Economics for Dummies" and, most recently, "The Cure That Works; How to have the world's best health care - at a quarter of the price."Continue...Read More
Oil and gas companies are facing an onslaught of bankruptcies as the "shale revolution" appears to be coming to an unceremonious end, at least on Wall Street, according Continue...Read More
Six in 10 Americans are worried about tariffs affecting holiday shopping, Coresight Research found in a survey.Continue...Read More
Starting with Gold, we can see that it has struggled to get through $1550/oz. That's not a surprise as we pointed out thisContinue...Read More
Time Stamp References:0:40 - His CMT education and luck in 2008.2:40 - Bullish on gold and silver since last year.5:20 - Positioning for a recession.7:00 - Recession indicators.8:40 - Favorite indicators.13:20 - Authors and books on T.A.15:20 - Keep learning, question and try new things.JC has been bullish on precious metals for the past year although he anticipated a decline in the US dollar inde...Read More
China's domestic rebar prices rose again on Tuesday September 3, supported by strong futures prices even though trading was not very active. Domestic Eastern China (Shanghai): 3,620-3,650 yuan ($504-508) per tonne, up 30 yuan per tonne Northern China (Beijing): 3,600-3,620 yuan per tonne, up 20 yuan per tonne The rebar futures price on the Shanghai Futures Exchange remained above Monday's set...Read More