Gold is over brought and needs to break and trade over $1540 to start another wave of rise. Silver has a massive technical congestion between $1730-$1775. Silver needs to break and trade over $1730-$1775 zone for the rest of the month to rise to $1932 and $2100. Chances of sharp correction will be very high as long as silver does not break $1775. One step at a time for silver bulls. One should u...Read More
The Turkish deep-sea scrap markets went quiet again one day after the sale of a US-origin cargo because the mills were expecting lower prices, sources said on Thursday August 8.A steel mill in the Iskenderun region booked a US cargo of HMS 1&2 (90:10) and shredded at an average price of $294 per tonne cfr on August 7, which sent the daily indices down by almost $4 per tonne on the day.But the mill...Read More
? + "Get knowledgeable and get prepared as this crisis is going to be the worst in my life time"? + "I own physical gold and silver coins ... everyone should own them"? + "I own Chinese, Russian, American, Australian, Austrian silver coins" and "I own UK gold coins and I own a lot of gold coins from various places"? + "Singapore has been and is a very safe location for storage, Switzerland is too,...Read More
Billet prices in the Turkish domestic and import markets have weakened over the past seven days because of poor demand and a downturn in raw materials prices, sources said on Thursday August 8.Negative sentiment continued to dominate the Commonwealth of Independent States (CIS) export market for steel billet in the first week of August, amid a weakening of the finished long steel markets and the r...Read More
Gold and silver prices continue to push higher. They're starting to get some attention from the mainstream, too. A new uptrend in gold is clearly underway, but silver's performance has so far trailed gold's.Let's take a look at the price behavior over the past six-plus years of both metals to see if we can gain any insights about silver.I plotted the annual trading range of the gold price since 20...Read More
Trade wars, escalating tariffs, China devaluing their currency while unloading US Debt and stockpiling gold, ?EUR
*This interview was filmed on July 16, 2019Greg Weldon, founder and CEO of Weldon Financial Publishing, lays out a bullish case for gold based on a series of macro indicators. He believes that a looming recession will force global central banks to react with policy moves that will be overwhelmingly positive for gold. Weldon views gold as a great hedge against anything from a normal recession to a...Read More
"But what we can't do is fail to pass something. What I want to see here is an outcome, not a bunch of partisan back and forths, shots across the bow."Continue...Read More
"This morning, Twitter locked our account for posting the video of real-world, violent threats made against Mitch McConnell. This is a problem with the speech police in America today," Continue...Read More
Jason talks about the real reason that the Fed cut rates despite a supposed economic expansion and why more rate cuts (President Trump would be very happy) are coming sooner than later!Jason Burack is an investor, entrepreneur, financial historian, Austrian School economist, and contrarian. Jason co-founded the startup financial education company Wall St for Main St, LLC, to try to help the people...Read More
The prices of steel billet and rebar in Egypt were stable in the week ended Thursday August 8 on demand that remained weak due to the continuing uncertainty over the country's import duties."Most of next week will be Eid al-Adha [religious] holiday, so there was no buying this week," a local market source told Fastmarkets.In April, Egypt imposed a temporary additional import duty on rebar and bill...Read More
Links to slides and sources: https://www.itmtrading.com/blog/watch...Well grab your popcorn because you have front row seats to something that's about to make US history, and not in a good way. The Death of the Bond Market is unfolding right in front of us, because as Fiat (paper money) dies...so does the Bond Market. It's already happened over 4800 times (documented) around the rest of the world,...Read More
Discussed in this interview:06:05 Investment habits: Buy the fear, sell the euphoria08:51 Gold and silver as insurance13:38 Light up the Cuban for silver18:03 Gold to silver allocation18:43 Precious metals: Bullion or mining stocks21:38 Why the silver price sometimes lags behind the gold price24:49 Mining stocks performed well during big crises of the 21st century28:21 When silver hits $100Lior Ga...Read More
An inversion of the 2- and 10-year yields has happened before every recession over the past four decades. Continue...Read More
The US continues to escalate its anti-Venezuela measures this week, having announced Monday night that sanctions have grown to an economic embargo, and now that appears to include Continue...Read More
"I'm sorry I was born white and privileged. It disgusts me. And I feel so much shame." Continue...Read More
Growing evidence of a severe global recession is sure to provoke more aggressive monetary policiesContinue...Read More
David discusses some of the unique things that are currently happening in the gold markets. European institutions are investing in gold since they can now get better returns than from negative-yielding bonds. Gold stocks have yet to move since most investors are complacent from the current bull market in equities. When the equity markets roll over in the next year or so you will see a large rally...Read More
Prices in Southeast Asia's steel billet market declined after a major producer in India sold competitively priced cargoes into the region, sources said."The Indian producer reduced its asking price to attract customers because of limited buying interest in its domestic market during the country's monsoon season," a trader in Southeast Asia said.The transactions were reportedly concluded at $440-44...Read More
As an increasing number of dangerous chemicals are banned in other countries around the world, they remain legal in the US. Continue...Read More