Markets are still digesting last week's Chinese devaluation that sent the Dow crashing over 700 points last Monday. And as everyone knows by now, the Trump administration Continue...Read More
The trends are more clear and bullish on stocks today, and may get clearer on gold quite soon. But this could be it for gold.Continue...Read More
Tuomas Malinen, PhD (econ.) CEO of GnS Economics Limited and Adjunct Professor of Economics at the University of Helsinki, calls in to express his concerns with modern theory and practice.2:00 Applying scientific principals to economics6:24 Groupthink in action13:10 Central banks and intellectual dissent15:20 MMT: the endgame17:32 Investment implicationsJames "Jim" Grant is an American writer and...Read More
'There is no barrier for U.S. Treasury yields going below zero. Zero has no meaning, beside being a certain level.'Continue...Read More
The warden of the Metropolitan Correctional Center (MCC) where Jeffrey Epstein died has been temporarily reassigned to the Bureau's Northeast Regional Office by Attorney General Continue...Read More
We haven't seen anything like this since the Great Depression of the 1930s. Leading up to this year, farm incomes had been trending lower for most of the past decade, and meanwhile farmContinue...Read More
Tariffs will go ahead on Sept 1st but tariffs on some products (including cellphones, game consoles, Continue...Read More
Gold was up big Tuesday morning before the UST made an announcement saying they will be postponing certain tariffs on specific Chinese goodsContinue...Read More
Import prices for steel slab in Southeast Asia and East Asia remained stable over the past week despite weaker currencies in some markets following a flare-up in trade tensions between China and the United States.The Taiwanese dollar was trading at NT$31.41 to $1 on August 13, compared with NT$31.05 to $1 a month earlier, while Indonesia's currency moved to 14,245 rupiah per $1 on August...Read More
China's domestic rebar prices picked up some strength on Tuesday August 13 amid early gains in the futures market. Domestic Eastern China (Shanghai): 3,650-3,680 yuan ($517-521) per tonne, up 20 yuan per tonneNorthern China (Beijing): 3,610-3,640 yuan per tonne, up 10 yuan per tonneRebar futures picked up late on Monday and stayed high for the rest of the day. The most-traded October contract stay...Read More
We strongly advise metals investors to read the "Ahead of the herd" site regularly. It is very educational and informative. Readers will find the site loaded wtih facts and information with a sharp insight into the mining industry. Views on the metals are the priority but there are regular in-depth opinions on currencies, interest rates, central banks activities among several topics. Analysis and...Read More
One of the partners provides a project update. MAG's Juanicipio JV ProjectMAG Silver Corp. (MAG:TSX; MAG:NYSE A) provided, in a news release, Q2/19 highlights regarding Juanicipio, its joint venture project with Fresnillo."This was a landmark quarter for MAG," the corporation's President and CEO George Paspalas said in the release. Regarding Juanicipio, both companies approved the mine developmen...Read More
The company aims to better delineate and potentially expand the deposit. Defense Metals Corp. (DEFN:TSX.V; DFMTF:OTC; 35D:FSEQB) started the 2019 diamond drill program at its Wicheeda rare earth elements project in British Columbia, it announced in a news release.The goal of the campaign, expected to take about six weeks, is to better define and possibly expand the Wicheeda deposit to update the...Read More
The Chinese ferro-silicon market softened over the past week in line with weaker demand, in turn fueling expectations of further price weakness in the near term.In Europe, however, the ferro-silicon market was steady after recording a small bounce in the prior week after suppliers held their offer prices ahead of expected uptick in demand. Chinese market prepares for further losses Europe awaits r...Read More
The upward momentum in global ferro-vanadium markets stalled in the week ended Friday August 9, with prices in Europe and China edging down. Chinese, European FeV prices edge down after spot activity slows V2O5 prices weaken in China while European market continues to riseUS ferro-vanadium prices soften amid renewed activityAfter rising for three consecutive weeks, the export price for ferro-vanad...Read More
UG2 chrome ore prices broke their four-week rally after the depreciation of the Chinese yuan raised purchasing costs for the country's importers. UG2 chrome ore prices down by $1 per tonne in China Domestic, imported ferro-chrome prices hold in China Low-carbon ferro-chrome prices halt their decline in Europe High-carbon ferro-chrome prices unchanged in Europe US high-carbon ferro-chrome market re...Read More
AAPL shares were atop the Dow by day's endStocks got a shot in the arm today, thanks to news the Trump administration plans to delay some tariffs previously expected to go into effect in September. President Donald Trump admitted to the press that the move was meant to take the burden off consumers during the holiday season, and the news was a boon to the tech sector in particular, with Apple (AAP...Read More
The latest inflation data is also on Wall Street's radar Dow Jones Industrial Average (DJI) futures are pointed sharply lower this morning, with the blue-chip index set to build on yesterday's geopolitical-inspired sell-off. Investors are nervously eyeing a narrowing of the 2-year and 10-year Treasury yield spread, as rare occurrences of a yield curve inversion have previously preceded recessions....Read More
AAII bears doubled from a week earlierIt's been a rocky month so far for the U.S. stock market. After hitting an all-time high above 3,000 in late July, the S&P 500 Index (SPX) plummeted to a two-month low in early August, amid concerns about the U.S.-China trade war, future Fed policy, and a global recession. Against this backdrop, several sentiment indicators are lighting up-- and here's what th...Read More
News the U.S. will delay some Chinese tariffs is boosting U.S. stocksThe U.S. stock market is surging today on reports the U.S. will delay additional tariffs on several Chinese goods ahead of the holiday shopping season. The retail sector in particular is rallying on the news, with Walmart Inc (NYSE:WMT), American Eagle Outfitters (NYSE:AEO), and Best Buy Co Inc (NYSE:BBY) among some of the bigges...Read More