Today's Wall Street Journal is profiling an orthodontist who has $1 million in student loans, is paying less than the interest that's accruing, and because of this will owe $2 million in the not too distant future.The list of things that have to happen for a situation like this to evolve is long and improbable. But apparently less so all the time. The Journal reports that 100 other Americans are...Read More
Three-month base metals prices on the London Metal Exchange were for the most part weaker on the morning of Friday May 25, down between 0.2% and 0.6%, with copper down by 0.6% at $6,872 per tonne. Zinc was the single exception, up by a marginal 0.1%.Volume on the LME has been average, with 6,612 lots traded as of 7.34 am London time. This follows a general day of firmness on Thursday, when all the...Read More
By Ira EpsteinMetals stay under pressure due in part to rising US Dollar.https://www.iraepstein.com/ Read More
Let's take a second look at the drivers of gold. We have already stated that the three most important factors are: the real interest rates, the U.S. dollar, and the risk aversion. Fair enough. But we have presented just the first approximation. We need to dig deeper. Why? First, all these variables are connected together. Many analysts and investors who listen to them often make a mistake, assu...Read More
VANCOUVER, BRITISH COLUMBIA / May 25, 2018 / MGX Minerals Inc. ("MGX" or the "Company") (CSE: XMG / OTCQB: MGXMF / FSE: 1MG) is pleased to announce that 100% wholly-owned subsidiary ZincNyx Energy Solutions, Inc. ("ZincNyx") and its research partners will receive a grant from Canada's Natural Science and Engineering Research Council ("NSERC") to develop nanostructured material for their next gener...Read More
Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort189,67798,72055,606203,101318,676448,384473,002Change from Prior Reporting Period -11,791-10,305-9,7137,1764,662-14,328-15,356Traders18682855150277182 Small Speculators LongShortOpen Interest 54,55829,940502,942 -2,688-1,660-17,016 non reportable positionsChange from the previous...Read More
Full Article: The Great OzBy: Jeff ThomasFor eight years (2008-2016), the US liberal media touted the brilliant accomplishments of the liberal president, whilst the conservative media groused that nothing he did was of value.Today, the conservative US media are touting the brilliant accomplishments of the conservative president, whilst the liberal media grouse that nothing he does is of value.Full...Read More
The junior gold miners have largely been shunned over the past year or so, condemned to listlessly drift near lows. Their stock prices have suffered serious collateral damage from stubbornly-bearish gold sentiment. But they are faring much better under the hood than their battered visages suggest, with their latest quarterly results revealing strong fundamentals. Juniors are ready to soar...Read More
An overview of the battery raw materials markets and their price moves from the past week.Read More
By Avi GilburtThe question I posed in the title of this article has been debated ad nauseum by market participants for decades. While we clearly have "cycles" analysts who claim that the market can be timed, there are significantly more doubters than believers. For those that know me, you would know that I run several trading rooms accommodating approximately 3700 subscribers and over 450 mon...Read More
SHANGHAI, May 25 (SMM) – To improve air quality and regulate pollution for the Shanghai Cooperation Organisation (SCO) Summit in Qingdao, Shandong province, environmental protection authorities in Shandong and Jiangsu will undertake inspections from May 30-June 11. All of Shandong province will subjected to the probes while just Xuzhou and Lianyungang in Jiangsu will be affected. The ef...Read More
Earlier this year when President Trump began beating the drums loudly, causing fear of a trade war (and assuring us that such a conflict could be easily won), I cautioned that he had no idea the trouble he was courting . Based on his spectacular misunderstanding of the power dynamic built in to international trade, he was also in danger of bringing a knife to a gunfight.As the year has progresse...Read More
Global lithium battery-grade market stabilizes after prices decreased in recent weeks, producers and consumers' price struggle persists due to unmatched price expectations between both sides of the market. Global lithium market unchanged Mismatch of price expectation between two sides of the market persists Lithium producers expect prices and market activity to pick up Downstream consumers wait fo...Read More
By Steve St. AngeloThe U.S. and global economies are choking on a massive amount of debt. While Wall Street and the Mainstream financial media continue to rationalize the skyrocketing debt as merely the cost of doing business, the disintegrating fundamentals point to an economic catastrophe in the making.Of course, a full-blown economic meltdown may not occur this year or even next, but as tim...Read More
Today's Wall Street Journal is profiling an orthodontist who has $1 million in student loans, is paying less than the interest that's accruing, and because of this will owe $2 million in the not too distant future.The list of things that have to happen for a situation like this to evolve is long and improbable. But apparently less so all the time. The Journal reports that 100 other Americans are...Read More
Turkey's election angst, geopolitical risk and collapse of the lira is driving up demand for goldTurkish lira has collapsed versus gold and now the lowest on record (see chart)Significant demand for gold coins in Turkey and central bank has repatriated gold and added to gold reserves"Having the gold physically at home allows countries to feel like they are in control of their reserves" Dr Brian...Read More
David Morgan is dropping some serious truth bombs as to the true state of the U.S. economy. Here's just how bad things really are...Editor's Note: Sound in intro video not audible so video started right at point of interview.*****David Morgan interviewed on Reluctant PreppersAre global hot-spot eruptions more likely to cause flight to the US Dollar, or precious metals, or both - and in what order?...Read More
The London Metal Exchange's new cash-settled cobalt contract will run alongside the existing physically-delivered contract at first, and it may prove sustainable to run the two in parallel going forward, the bourse's chief executive officer said."There are people who have been supportive of the physical contract. After the summer, we will engage with users to see if they want to continue with the...Read More
Today's Wall Street Journal is profiling an orthodontist who has $1 million in student loans, is paying less than the interest that's accruing, and because of this will owe $2 million in the not too distant future.Continue...Read More