Suspect Predictions, Ill Wishes and Worthwhile Targets of ScornThis price of gold fell three bucks, and the price of silver fell ten cents last week. Perhaps because of the ongoing $150 price drop so far since April, we saw some doozy email subjects and article headlines this week. Panic on the inflation Titanic. [PT] One notable one, from the man who confidently asserted we will have hyperinfla...Read More
The Turkish Ministry of Trade, in its interim report on the investigation into steel imports, found that the tariffs on steel will increase the risk of Turkey's steel industry being hurt by increased imports....Read More
Singapore rebar import prices were stable over the past week amid thin trading in the spot market....Read More
CloseGain/LossGold $1200.50+$6.40Silver$14.17+$0.11XAU64.95+2.51%HUI140.57+2.25%GDM510.05+1.88%JSE Gold1029.79+23.49USD94.50-0.47Euro116.88+0.61Yen89.34+0.04Oil$68.91-$0.0810-Year2.993%UNCHT-Bond142.625+0.09375Dow26062.12-0.35%Nasdaq7895.79-1.43%S&P2888.80-0.56% The Metals: Gold jumped $10.40 to $1204.80 by late morning in New York before it drifted back lower into the cl...Read More
Dear Friend of GATA and Gold:Silver market analyst and rigging critic Ted Butler today explains why, despite the extreme conditions it reflects, he believes that the gold and silver futures market trader positioning data reported by the U.S. Commodity Futures Trading Commission is still accurate and predictive.The data, Butler asserts, is no more extreme than the prices of the monetary metals th...Read More
By Frank HolmesStrengths? The best performing metal this week was platinum, up 1.40 percent as hedge funds cut their bearish outlook in the futures market. Gold traders and analysts were bullish for a fourth week in a row, as measured by a Bloomberg survey. Gold futures had their biggest gain in two weeks after almost 22,000 December contracts changed hands on the Comex in New Yo...Read More
TECHNICAL SCOOPCharts and commentary by David ChapmanPhone: 416-523-5454 Email: david@davidchapman.comdchapman@enrichedinvesting.comTwitter: @Davcha12September 17, 2018 "I will hurt the shorts, and that is my goal." Dick Fuld, CEO Lehman Brothers, April 2008 "Our capital position at the moment is strong." Ian Lowitt, CFO Lehman Brothers, 5 days before Lehman filed for bankruptcy "I'm not go...Read More
By Keith WeinerFor about ten bucks a month, Netflix will give you all the movies you can watch, plus tons of TV show series and other programs, such as one-off science documentaries. They don't offer all movies, merely more than you can watch. Oh, and there are no commercials.They don't just give you old BBC reruns, which you know they can get for a pittance. Netflix is spending money (well Fede...Read More
By Avi Gilburt This week, I am going to bring back the list of reasons that have been paraded before you over the last three-plus years as to why the stock market rally is over:Brexit - NOPEFrexit - NOPEGrexit - NOPEItalian referendum - NOPERise in interest rates - NOPECessation of QE - NOPETerrorist attacks - NOPECrimea - NOPETrump - NOPEMarket not trading on fundamentals - NOPELow volatility -...Read More
By David MorganIn many ways, all the talk about global central banks beginning a "great unwind" of their extraordinary monetary stimulus is positively quaint. After all, how can officials from the Federal Reserve to the Bank of Japan even pretend to know how to reverse what they've done over the past decade?The Morgan Report's Weekly Perspective is our free e-newsletter. Our free e-newsletter wi...Read More
Turkish steel mills made no bookings of deep-sea scrap imports on Monday September 17 but negotiations were continuing, especially at the International Rebar Producers & Exporters Association (Irepas) conference being held at the same time in Istanbul....Read More
December Gold has trapped bulls with fake rallies two days in a row. It dove even more steeply on Friday, the second day, falling from a 1213.80 peak recorded in the dead of night to an end-of-session low at 1197.80. This kind of price action is bound to discourage bulls, and it could only occur if too many of them are too eager to jump on the futures every time they show a spark of life. Price...Read More
Although it didn't appear to be a breakdown, silver just closed the day (and week) at a new yearly low. Remember the day when silver moved briefly below $14? Ultimately, silver futures closed at $14.15 on that day, and they just closed at $14.14 on Friday. So little, yet so much. Breakdown confirmed by weekly closes is something very significant and yet, it's not the most important thing that we...Read More
- The U.S. government is "missing" $21 trillion between the Department of Defence (DOD) and Department of Housing and Urban Development (HUD)- Investment advisor and former Assistant Secretary of Housing, Catherine Austin Fitts, predicts the global financial system "will take some big hits before the end of the year" (see video below)- They can publish financial statements that are "complete f...Read More
Seaborne iron ore trading was quiet on Monday September 17 with prices remaining rangebound....Read More
The media? Gerald Celente has a few things to say about the media! Don't miss this lively and humorous take on what's wrong with the mainstream media in the United States from the Ron Paul Institute's September Washington DC conference on August 18th.Gerald Celente is a pioneer trend strategist and founder of The Trends Research Institute. He is the author of the national bestseller Trends 2000: H...Read More
Turkish domestic scrap prices have continued to increase in line with the firm values for imported scrap and good demand, sources said on Monday September 17....Read More
John Dellaportes noted attorney and expert on cryptos and ponzis, do I repeat myself. Recently two tracker stocks were put on hold by the SEC for at least 10 days. Is this a sign that the SEC is getting more involved in the Crypto Currency space, or is it a fluke. John says because the market is so new, the SEC is playing catch up. While the SEC has some extra-territorial powers, they are limited...Read More
According to a recent Reuters/Ipsos survey, 70 percent of Americans, including about 50 percent of Republicans, support Medicare for all, the latest incarnation of single-payer health care. Republican support for a health plan labeled "Medicare for all" is not surprising considering that Republican politicians support Medicare and that one of their attacks on Obamacare was that it would harm the p...Read More