Rick Rule, President and CEO of Sprott US Holdings Inc. weighs in on the trajectory of gold prices. Rule discusses the prospect generator model and private placements ahead of his panel discussionRick Rule, founder and chairman of Sprott Global Resource Investments Ltd., began his career in the securities business in 1974. He is a leading American retail broker specializing in mining, energy, wate...Read More
Graceland Updates By Stewart Thomson 1. Most analysts in both the gold and mainstream investment communities seem to be in "summer doldrums" mode. They are nervous about stock markets because of rate hikes and the late stage of the business cycle. That's understandable.2. Unfortunately, they also seem to be unaware of the fabulous uptrends developing in many gold stocks. 3...Read More
Dear Friend of GATA and Gold:In his latest book, "The New Case for Gold," fund manager, geopolitical analyst, and financial letter writer James G. Rickards may have summarized the international gold price suppression scheme better than anyone, including GATA itself.Indeed, the book's subchapter titled "Paper Manipulation" is so expert, specific, and compelling that your secretary/treasurer today...Read More
Flat steel import prices in the United Arab Emirates and Saudi Arabia decreased slightly this week because of limited demand, sources told Metal Bulletin on Tuesday May 15.Buyers preferred to postpone bookings ahead of the Islamic holy month of Ramadan, which starts this week and will lead to a further reduction in market activity.Working hours will be reduced in Saudi Arabia, with Ramadan always...Read More
You might have heard the expression "sell in May and go away." This investing strategy says that investors might sell equities in May and repurchase them in October, in order to avoid the poor returns historically experienced in the summer months. Mike Matousek, head trader at U.S. Global Investors, tests this theory against a "buy and hold" strategy and explains the recent S&P 500 performance.F...Read More
By Frank HolmesLast week I had the opportunity to sit down with Marco Streng, the wunderkind bitcoin visionary behind Genesis Mining. Genesis, as many of you reading this might know, is the world's largest cloud bitcoin mining company, with over 2 million customers worldwide. It calls Iceland home, whose cool climate and affordable green energy are ideal for mining newly minted virgin cryptocurr...Read More
China's domestic hot-rolled coil prices continued to inch up on Tuesday May 15 with buyers keeping their procurement rates steady. Domestic Eastern China (Shanghai): 4,220-4,240 yuan ($666-669) per tonne, up 10 yuan per tonne Northern China (Tianjin): 4,070-4,090 yuan per tonne, up 10 yuan per tonne Demand for HRC has remained constant in the last few days amid small changes in the futures market,...Read More
By Steve St. AngeloTurkish gold imports surged due to a sharp increase in investment demand as well as renewed Central bank purchases. While the Chinese and Russian governments have been adding gold to their official reserves over the past several years, Turkey added 86 metric tons to its official holdings in the last seven months of 2017.According to the 2018 World Gold Survey, Turkish offic...Read More
By Jordan Roy-Byrne CMT, MFTA Last week we discussed the fundamentals of Gold, which do not appear bullish at the moment. Real rates (and yields) are rising and investment demand for Gold is flat. That in itself is a temporary but big missing link. However, we are referring to the missing link in the context of intermarket analysis. Gold is an asset that performs best when its outperforming its...Read More
No, Amazon.com Inc. (NYSE: AMZN) doesn't want to build a million brick-and-mortar grocery stores.And no, Jeff Bezos isn't trying to trick you into paying more than you intended, either.To set the record straight, Money Morning Technical Trading Strategist D.R. Barton, Jr., appeared on FOX Business Network's "Varney & Co." today to explain the real reason that Amazon is building "cashier-less"...Read More
Import prices for steel billet and slab in Southeast Asia were relatively steady over the past week amid soft demand as a result of subdued sales downstream, particularly in Indonesia.BilletMetal Bulletin's assessment of import prices for billet in Southeast Asia was $550-560 per tonne cfr for the week ended Monday May 14, narrowing upward by $5 per tonne from a week earlier.Deals involving billet...Read More
It's back. The crucial correlation returned to the gold market. Does it herald important shifts in trends? Real Interest Rates Are Back in TownOne of the biggest developments in the gold market during the first four months of 2018 was the breakdown of the traditional negative correlation between real interest rates and the price of bullion. As one can see in the chart below, the price of gold w...Read More
Dear Friend of GATA and Gold:In his latest book, "The New Case for Gold," fund manager, geopolitical analyst, and financial letter writer James G. Rickards may have summarized the international gold price suppression scheme better than anyone, including GATA itself.Indeed, the book's subchapter titled "Paper Manipulation" is so expert, specific, and compelling that your secretary/treasurer today...Read More
Haspel says that the torture program "is not one the CIA should have undertaken." At the same time, she said that she will not "condemn those that made these hard calls" Continue...Read More
Peter KrauthAfter putting in a distinct bottom early last week, silver has staged a roaring comeback.From Tuesday's low to Friday's high, silver was up 3% over just three days. Today (Tuesday, May 15), silver prices are hovering near $16.30 per ounce.The markets powered higher last week as the dollar headed south. That was enough to help push silver prices higher, as investors recognized its relat...Read More
The graphite electrodes used in electric-arc furnace (EAF) steelmaking have changed from being a commodity to a strategic material, with prices surging last year amid drastic changes in market conditions, an industry conference has heard.Dr Mark Shujun Ma, the vice-chairman of the China Association of Small & Medium Enterprises, was speaking at the 78th meeting of the International Rebar Producers...Read More
As a general rule, the most successful man in life is the man who has the best information Copper had one of it best years ever in 2017, rising 27% on the back of supply disruptions and steady demand from China, by far the largest copper consumer. Commodities analysts are usually wrong about copper supply, always predicting a glut in the market for the ubiquitous metal used in everything from p...Read More
"This exercise targeting us, which is being carried out across South Korea, is a flagrant challenge to the Panmunjom Declaration and an intentional military provocation Continue...Read More
By Avi GilburtWhile most of the articles I write are focused towards the Elliott Wave analysis we practice, there are times that something comes to my attention which almost begs me to write publicly about it. This article is one of those that beg to be written.I have written many articles in the past which provide general advice to traders and investors. Some of the articles I have written warn...Read More
Prices for steel rebar in the United Arab Emirates and Saudi Arabia were stable this week although demand remained weak, sources told Metal Bulletin on Tuesday May 15.The market was expected to remain slow in the near term because of the Islamic holy month of Ramadan, which begins later this week, and during which working hours will be reduced.Domestic rebarThe major rebar producers in the UAE hav...Read More