By Frank HolmesReady for inflation?Just days after Treasury Secretary Steven Mnuchin reassured markets that a trade war between the U.S. and China was "on hold," the Trump administration announced that it would be moving forward with plans to impose 25 percent tariffs on as much as $50 billion worth of Chinese exports to the U.S. Beijing has already suggested that it will retaliate in kind.The W...Read More
Back in the late 1990s I interviewed for an analyst job with a value-oriented money manager. My main impression of our talk was how sad the guy was. The tech bubble was in full swing, any little nothing company with even a tangential relationship to the Internet was soaring, and this poor guy's cash-rich, super-safe stocks were lagging so far behind the market averages that it was hard to see ho...Read More
Increase Portfolio DiversificationImportant Tail Risk HedgeValuable Inflation Hedgeby George Milling-Stanley of State Street via TheFMReportWhile gold has traditionally been seen as a tactical way to help preserve wealth during market corrections, times of geopolitical stress or persistent dollar weakness, we think there is a case to be made for gold as a core diversifying asset with a long-term...Read More
The US dollar is firm ahead of the FOMC meet next week. The European political crisis is partly to blame for the US dollar's gain. Big moves in gold and silver or energy space will be there from Thursday as short term traders prepare for FOMC. Over the past five years, I have seen gold demand in India rising sharply around the end of "Ramzan Eid". The same is applicable to other nations where th...Read More
Some steel prices in the United Arab Emirates rose this week, with producers optimistic about future demand, while local rebar demand was strong, sources told Metal Bulletin on Tuesday June 5.Domestic rebar Major rebar producers in the UAE announced new rebar prices on May 23. The biggest steel producer, Emirates Steel, is offering rebar at 2,295 dirhams ($625) per tonne ex-works. Compatriot produ...Read More
David Stockman appears on "Futures Now" (CNBC, June 5, 2018)David Stockman is a former Republican congressman from Michigan and was President Reagan's budget director from 1981 to 1985. After leaving the White House, Stockman became a managing director at Salomon Brothers, and he later founded a private equity fund. David is the founder of David Stockman's Contra Corner, and he is the author, most...Read More
Join Mike Maloney as he takes a look at the recent actions of several governments in regard to trade tariffs. Is this a case of 'an eye for an eye makes the whole world blind'? Michael Maloney is a precious metals investment expert and historian. He is the founder and owner of GoldSilver.com, a global leader in gold and silver sales/storage and one of the world's most highly regarded investment ed...Read More
China's rebar market was mixed on Tuesday June 5, with domestic prices in the eastern region falling even though those in the north held steady, while export prices posted some gains.Domestic Eastern China (Shanghai): 3,940-3,970 yuan ($614-619) per tonne, down 10-30 yuan per tonne Northern China (Beijing): 3,880-3,910 yuan per tonne, unchanged In Shanghai, sellers discouraged by early losses in t...Read More
The Chinese domestic ferro-silicon market continued to strengthen after environmental regulators in the country enforced production cuts, while the US and European markets were largely stable amid thin trading activity. China domestic market bolstered by enforced cutbacks European FeSi market stabilizes amid quiet spot demand US spot market firms on elevated replacement costs Chinese domestic pric...Read More
The #MeToo era claims its latest victim: "We are no longer a pageant, we are a competition."Continue...Read More
Chinese ferro-vanadium exporters held their offer prices steady amid increased buying interest, while European ferro-vanadium prices continued their ascent on supply concerns. Chinese ferro-vanadium prices stabilized amid spike in trading buying interest European ferro-vanadium prices continue rebound on thinning available inventories US ferro-vanadium market slightly softer on sluggi...Read More
The data: Job openings rose 6.7 million in April the Labor Department said Tuesday, the best ever number in a series that goes back 18 years.Continue...Read More
"Bitcoin is still the area for people who are trying to avoid taxation or other examinations of their transactions. That's one thing where I think it probably still has utility, but the governments have figured that out."Continue...Read More
Vancouver-based miner collaborates with partners to advance mine development and the gold processing plant. Lion One Tuvatu Project MapLion One Metals Limited (LIO:TSX.V; LOMLF:OTCQX) recently announced it has signed an indicative term sheet with Sinosteel Equipment & Engineering Co., Ltd. and Baiyin International Investment Ltd. It combines an EPC (engineering, procurement and construction) and...Read More
Technical analyst Jack Chan charts the latest moves in the gold and silver markets. Our proprietary cycle indicator is up. The gold sector is on a long-term buy signal. Long-term signals can last for months and years and are more suitable for investors holding for long term. The gold sector is on a short-term buy signal. Short-term signals can last for days and weeks, and are more suitable for tra...Read More
Bob Moriarty of 321 Gold profiles a small-cap explorer with prospective land in British Columbia. Black Tusk Location MapIf you want to be a hero with the PermaBulls, all you have to do is predict an imminent and high price for gold, no matter how absurd. But PermaBulls either forgot or never knew that prices for everything go both up and down. And if you want to profit the most, you want to be b...Read More
A BMO Capital Markets report outlined the reasons why this precious metals producer deserves upgrading. In a May 29 research note, analyst Andrew Kaip indicated BMO Capital Markets revised its rating on Fresnillo Plc (FRES:LSE) to Outperform from Market Perform, and increased its target price on the company to ?16.50 from ?15 per share. Fresnillo's stock is currently trading at around ?13.15 per...Read More
It's like something out of a sci-fi movie - tiny robots zipping around through Continue...Read More
Manganese ore prices stabilized in China for the first time in several weeks after reclaiming some losses a week ago. Ore prices stable in China after brief rebound Chinese silico-manganese prices rise on higher offers Indian silico-manganese prices stabilize after weeks of decline European alloy prices steady Ferro-manganese prices drop in US, while silico-manganese edges up Manganese ore prices...Read More
CloseGain/LossGold $1296.50+$4.70Silver$16.49+$0.09XAU83.05+1.06%HUI178.67+0.97%GDM623.77+0.53%JSE Gold1025.63+18.59USD93.91-0.14Euro117.17+0.19Yen91.16+0.03Oil$65.52+$0.7710-Year2.920%-0.023T-Bond144.375+0.25Dow24799.98-0.06%Nasdaq7637.86+0.41%S&P2748.80+0.07% The Metals: Gold gained $8.70 to as high as $1300.50 in early afternoon New York trade before it drifted back lo...Read More