Everything in life involves risk. Recognizing it and learning to manage it is the key to investment survival in the current market. It's when you're engaging in high risk investing, without recognizing it, that you can really get hurt. Unfortunately, in today's financial system, there are no accurate indicators or risk disclosures. That's why you need to find sources outside the system to learn ho...Read More
For August stock markets were down across the globe. Energy was down. Metals turned up in a big way. Interest rates hit the skids with the 10 Year yielding just 1.5%. Dollar continued rising and Euro is sinking. Bitcoin fell below 9558. Gold to silver ratio is heading south. Platinum starting to take off. Till next month!Michael S. "Mickey" Fulp is a Certified Professional Geologist with over 29 y...Read More
"When evaluating the desirability of government bonds as a long-term investment, it's imperative to compare the prevailing yields of bonds with the earnings yields for stocks." Continue...Read More
Bridgewater founder Ray Dalio must still be feeling the after-effects from all those psychedelics he ingested during his latest stint at Burning Man, because his latest take on recessionContinue...Read More
China and the US announced new round of trade talks and will work to make substantial progress. Personally I think the US, worn out by the trade war, may no longer hope for crushing China's will. Continue...Read More
"For the near-term uptrend in gold to be seriously jeopardized, prices would have to drop belowContinue...Read More
Gold, silver and platinum will rest for a while but we haven't seen a top. The upcoming bubble in real money is going to surprise everyone.Continue...Read More
The export market for pig iron from the Commonwealth of Independent States (CIS) has gone down because of lower demand, more supply and a weak scrap market, sources told Fastmarkets on Thursday September 5.Fastmarkets' weekly price assessment for high-manganese pig iron, export, fob main port Black Sea, CIS, was $315-325 per tonne on Thursday, dropping from $330-335 per tonne a week before."[The p...Read More
Turkish steel producers have continued to secure scrap cargoes for September deliveries this week with prices continuing to move down, sources said on Thursday September 5.A steel mill in the Iskenderun region booked a Baltic-sea cargo comprising 25,000 tonnes of HMS 1&2 (80:20) at $247 per tonne and 5,000 tonnes of bonus at $257 per tonne for September shipment.Following the $12.30 per tonne pric...Read More
Bob Moriarty of 321 Gold explains what one indicator is showing for the precious metals. When you are climbing the steepest of mountains, especially at high altitudes, it can be tiring. If you start getting a nosebleed, you are simply working too hard and need a break.The DSI (Daily Sentiment Index) on gold hit 97 four weeks ago and while it has struggled to keep up with its fellow climbers with...Read More
Seaborne iron ore prices stayed rangebound around $90 per tonne cfr on Thursday September 5 after holding above that mark earlier in the week, while increased trading activity was heard for Brazilian Blend fines (BRBF).Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $90.18 per tonne, down by $1.14 per tonne.62% Fe Pilbara Blend fines, cfr Qingdao: $90.57 per tonne, down by $1.14 per tonne.6...Read More
The import price for steel billet in Egypt fell in the week ended Thursday September 5, with market activity limited by buyers who were waiting until a court decides on the imposition of an import safeguard duty on the expectation that prices will subsequently fall. Egypt's Administrative Court suspended temporary safeguarding duties on billet and rebar in July, prompting a flurry of legal activit...Read More
Prices in Southeast Asia's steel billet market fell to their lowest level since June 2017 on Thursday September 5, in response to plunging ferrous scrap prices in the bellwether Turkish market.Fastmarkets' daily index for steel scrap, HMS 1&2 (80:20 mix), North Europe origin, cfr Turkey, was $250.21 per tonne on September 4, its lowest since February 2017. The index was down by $12.30 per tonne da...Read More
The Dow has now logged back-to-back triple-digit gainsThe Dow nabbed its second straight triple-digit gain today on renewed trade optimism. Stocks roared out of the gate on U.S.-China trade tailwinds, after representatives from both sides confirmed a tentative early October meeting. This led to the blue-chip index's best single-session percentage gain since Aug. 13, with trade-sensitive Caterpilla...Read More
Trading activity in China's domestic rebar market picked up on Thursday September 5 due to an open arbitrage window between physical and futures prices. Domestic Eastern China (Shanghai): 3,650-3,680 yuan ($510-514) per tonne, up 20 yuan per tonneNorthern China (Beijing): 3,640-3,660 yuan per tonne, up 30-40 yuan per tonneA gap of about 200 yuan per tonne between spot prices in eastern China and t...Read More
The 2020 election could see some major changes in the American economic system.The U.S. 2020 election will be one unlike America has ever seen, predicts oneanalyst.With both sides growing increasingly divided, it's impossible to know which way the sentiment will shift, and what will happen as a result.But one Stansberry analyst has concerns about what the future holds, and how a radicalized presid...Read More
After a judge approved the Aetna merger, the drugstore stock surgedSubscribers to Schaeffer's Weekly Options Countdown options recommendation service just scored a major profit on the CVS Health Corp (NYSE:CVS) weekly 9/6 59.50-strike call.Below, we'll explain why we expected a leg up for CVS shares, and how the winning options trade unfolded. When we recommended the trade to subscribers on Sund...Read More
Lululemon will report its second-quarter earnings after the close today Athleisure brand Lululemon Athletica inc. (NASDAQ:LULU) is set to unveil its second-quarter earnings after the close today, and options traders have kicked it into high gear. So far, 31,000 calls and 27,000 puts have crossed the tape, five times what is typically seen at this point. From the looks of it, most of these bulls ar...Read More
China's leading stainless steel mills - Taiyuan Iron & Steel (Tisco), Tsingshan Group and Baosteel - have taken diverse approaches to their September tender prices for high-carbon ferro-chrome, Fastmarkets heard on Thursday September 5.Tisco has raised its tender price by 50 yuan ($7) per tonne month-on-month to 6,100 yuan ($852) per tonne, while Tsingshan and Baosteel have rolled over their price...Read More
LONDON, 3 September 2019 - More private investors bought gold on BullionVault last month than any time since Donald Trump won the White House in 2016, reports leading US finance site MarketWatch."First-time buyers are leading this jump in gold demand," MarketWatch quotes Adrian Ash, director of research at BullionVault, "with August bringing the most new investors to bullion in more than six years...Read More