By RambusThis first chart is a daily line chart for GLD which shows it has completed 5 reversal points so far and is working on the all important 6th reversal point back up to the top rail. This is where the bulls need to step up to the plate.The weekly chart below shows the 2 1/2 year triangle that has been building out with 5 completed reversal points so far. A touch of the bottom rail will co...Read More
by Claudia Carpenter, BloombergIran's gold demand will probably be "strong" for the next few months and then gradually decline as U.S. sanctions start to take effect, according to the researcher who covers the country for Metals Focus Ltd.After a previous set of sanctions was imposed on Iran in 2012, it took two years for the country's gold demand to start falling, according to data from the Wor...Read More
In the world of crypto, false rumors abound. Talk of a worldwide crypto ban is the latest and most incredible claim of this nature.Consider the entire internet one giant troll box. Bitcoin serves as the ultimate troll food.Trolls feed off of reactions to their ridiculous assertions. That's why the number one rule of anything online is: don't feed the trolls.Unfortunately, sometimes you can't help...Read More
Full Article: SWOT AnalysisBy: Frank HolmesThe best performing metal this week was silver, up 0.14 percent. Gold traders were back to bullish this week after gold bounced off its 200-day moving average after dropping to its lowest since December on Tuesday, according to the Bloomberg weekly survey of traders. The yellow metal fluctuated on Friday morning after the jobs report came out with mixed...Read More
For most Americans the geopolitical/financial crises of the 1970s happened so long ago that they're about as relevant as the Revolutionary War or the Reformation. But for seasoned citizens who were around back then and paying attention, the similarities to today are becoming both eerie and scary. Consider:In the early 1970s the Middle East was a hotly contested part of the world, with Russia (th...Read More
China's domestic hot-rolled coil prices weakened further on Thursday May 10 amid low trading activity. DomesticEastern China (Shanghai): 4,170-4,200 yuan ($655-659) per tonne, widened downward by 10 yuan per tonneNorthern China (Tianjin): 4,010-4,030 yuan per tonne, down 20 yuan per tonneDemand remained weak in the morning amid losses in the futures market, which led to a slight price decrease in....Read More
"We are removing R. Kelly's music from all Spotify owned and operated playlists and algorithmic recommendations such as Discover Weekly,"Continue...Read More
Other than crude oil, none of the financial markets have reacted to Iran's nuclear deal cancellation news. The Bank of England (BOE) meeting today can provide the impetus for a trend change in currency markets as well as precious metals. Sterling can rise just before the BOE meeting or just after the BOE meeting. However if sterling falls after the BOE meeting gold will also crash. Right now g...Read More
HighlightsTim Draper, Silicon Valley V.C. legend, author of How to be The Startup Hero, founder of Draper University and Bitcoin expert makes his show debut. In only 5 years, Draper University has set a new standard in education, with several success stories including one graduate who created a billion dollar crypto-token company.Our guest had the foresight to purchase 30,000 Bitcoins in 2014 fr...Read More
Chinese ferrous futures remained subdued during morning trading on Thursday May 10, ending the session little changed from their opening prices after the physical steel and iron ore markets weakened a day earlier.Futures closing prices - morning session Shanghai Futures Exchange October rebar: 3,587 yuan ($564) per tonne, unchanged October hot-rolled coil: 3,682 yuan per tonne, down 5 yuan per ton...Read More
The biggest debates I have are with gold bugs. They believe endless money printing will inevitably lead to hyperinflation and that will push the gold price over $5,000 an ounce while sinking the dollar to near zero.Continue...Read More
Source: Chris Vermeulen for Streetwise Reports 05/09/2018 Chris Vermeulen of Technical Traders discusses what he believes is ahead for U.S. stocks. -->Since before the start of 2018, we have been relying on our advanced predictive modeling systems, technical analysis and our understanding of the capital markets to help our members take advantage of the incredible price swings in 2018.These...Read More
For most Americans the geopolitical/financial crises of the 1970s happened so long ago that they're about as relevant as the Revolutionary War or the Reformation.Continue...Read More
SHANGHAI, May 10 (SMM) – Sales of new-energy passenger vehicles in China came in at 73,145 units in April, up 150% year on year and up 31.3% month on month, according to data from China Passenger Car Association (CPCA) released on Wednesday May 9.The jump in April suggested a continuous growing demand, Cui Dongshu, secretary general at CPCA, was quoted as saying in local media reports.The A0...Read More
Is gold headed below $1000? I doubt it. Like every other bullion investor who has tired of watching gold's price meander sideways for nearly six years, I've grown increasingly disappointed and frustrated. But also concerned, as many apparently are, that one last, hellish plunge may be necessary to shake out the weak hands. However, looking at the long-term chart, I'm persuaded that bulls still...Read More
Let's hope history doesn't repeat, because we all know what happened to silver in 2011, the day after the big announcement. Here's the details...Please hear me out before saying, "Ole Half Dollar's fallen off his rocker again".This thought keeps creeping up in the back of my mind, so it's probably good to just speak my mind.And get it off my chest.On Monday, May 2nd, 2011 (Pakistani time), which w...Read More
Import rod markets have been quiet in the United States, with traders still hesitant to close on cargoes due to ongoing uncertainty around Section 232 exemptions. American Metal Market kept its assessment of import rod prices steady, at $600-635 per ton ($661-700 per tonne), flat from two weeks ago. The price has been unchanged since February 28, when traders grew concerned about future cargoes be...Read More
May 10, 2018, Vancouver, B.C. - Northern Vertex Mining Corp. (TSX.V:NEE) (OTC Nasdaq Intl.:NHVCF) (the "Company" or "Northern Vertex") is pleased to announce the appointment of William (Bill) Martinich to the position of General Manager at the Company's 100% owned Moss Gold Mine, located near the city of Bullhead, NW Arizona, USA. Mr. Martinich is a dedicated mining professional with over 20 y...Read More
by Claudia Carpenter, BloombergIran's gold demand will probably be "strong" for the next few months and then gradually decline as U.S. sanctions start to take effect, according to the researcher who covers the country for Metals Focus Ltd.After a previous set of sanctions was imposed on Iran in 2012, it took two years for the country's gold demand to start falling, according to data from the Wor...Read More