Source: Jack Chan for Streetwise Reports 04/26/2018 Technical analyst Jack Chan updates the gold and silver charts and finds buy signals for both gold and silver remain in place. --> 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...Read More
- Investors should not be put off by higher interest rates, World Gold Council research finds they do not always have a negative impact on gold- Only short-term movements in gold are 'heavily influenced by US interest rates'- Correlation between US interest rates and gold is waning, with US dollar a better indicator of short-term gold price- New findings will reassure gold investors that there...Read More
Source: Clive Maund for Streetwise Reports 04/25/2018 Technical analyst Clive Maund discusses the trend of earnings relative to stock market cycles. -->Decades ago, the famous market analyst Joseph Granville stated that "there is more maintained stupidity in this business than probably in any other business in the world," referring to the stock market. He was right, except that the governme...Read More
While not exactly a "State-Of-The-Union" address this week, the London Metal Exchange's Update Forum in London - open to all - was a useful pit-stop event on what is gearing up to be a busy few months in its unfolding Strategic Pathway. On a widespread and varied menu, LME decisionmakers outlined current thinking and plans across the board. Among these are a couple of potentially tricky initiative...Read More
Back in 2005 a reporter took a tour of General Motors' headquarters, and in the resulting article one thing stood out: The executives and engineers the reporterContinue...Read More
By Avi GilburtOne of the main benefits of understanding Elliott Wave analysis is that it places the market into a larger degree objective context from which you can make your major decisions about your investments.While most analysis is either strongly bullish or strongly bearish for years on end (as I am sure many of you read perma-bears and perma-bulls alike), markets do not work like that. Th...Read More
Domestic prices for heavy steel plate in Europe have moved down slightly this week but are expected to recover in May, sources told Metal Bulletin on Thursday April 26."There is some resistance currently from buyers, and plate prices have weakened a bit, but I think this situation is temporary," an Italian source said.Plate prices are expected to be supported by a recovery in restocking activity a...Read More
TSX Venture Symbol: COR OTCQB Symbol: CAMZF Frankfurt Symbol: XC01VANCOUVER , April 26, 2018 /CNW/ - Camino Minerals Corporation ("Camino" or the "Company") (COR:TSX-V) is pleased to report results for the first diamond drill hole completed as part of the 2018 drill program on the Adriana Zone ("Adriana") at its Los Chapitos Project ("Chapitos"), located in southern Peru. Select drill highlight...Read More
Alasdair says to get ready for the break-out in silver, because it could happen at any moment. Here's why...Alasdair Macleod interviewed on Reluctant PreppersJust when you thought Bitcoin and other cryptocurrencies had burned out through exhaustion blow-off top and fallen into the valley of despair, along comes the steady-minded and soft-spoken Head of Research for GoldMoney, Alasdair Macleod, to...Read More
Big companies report blow-out earnings. Home prices soar. North Korea promises to end its nuke program, possibly averting another Asian war.And stocks fall.Does this mean the news no longer matters? That's exactly what it means. But it never did matter. In a world this complex, big things both good and bad are always happening. So the events themselves are less important than our interpretation...Read More
Domestic prices for hot-rolled coil (HRC) in Southern Europe fell this week, mainly due to lower import offers, sources told Metal Bulletin.In addition, the domestic prices moved down as end users continued to resist any price rises from distributors, having not fully absorbed the price increases from the first quarter of this year, according to market sources.Metal Bulletin's weekly price as...Read More
Chris says we must learn to play the price moves to our advantage. Here's how Chris is doing just that...by Chris Vermeulen of The Technical TradersOur recent silver analysis could not have been more accurate. Please take a minute to read it before you continue reading the rest of this post if you have not already done so. The Silver price breakout, to near $17.20, last week was incredible....Read More
- Investors should not be put off by higher interest rates, World Gold Council research finds they do not always have a negative impact on gold- Only short-term movements in gold are 'heavily influenced by US interest rates'- Correlation between US interest rates and gold is waning, with US dollar a better indicator of short-term gold price- New findings will reassure gold investors that there...Read More
The Mexican government is analyzing whether to renew a 15% tariff against imports of various steel products from countries with which Mexico does not have free trade agreements, according to Latin American steel group Ternium."Mexico is on the path to renew the safeguard against steel imports," the company's chief executive officer, Maximo Vedoya, said on Thursday April 26.The measure, which acts...Read More
"The actual information that the Americans have about us is much less than what they think they have. When will they figure this out? When it is too late,"Continue...Read More
The price of steel billet imports into Egypt fell again this week while local rebar prices remained unchanged, sources told Metal Bulletin on Thursday April 26.The country's biggest producer, Ezz Steel, is still offering rebar at E ?12,528 ($706) per tonne ex-works, including 14% VAT, while Beshay Steel, also a...Read More
Those fleeing Syria are uniting with local terrorist groups in an attempt to flee to Europe, he said.Continue...Read More
Turkish domestic long steel prices have gone down this week due to poor demand and falling prices for scrap and billet, sources said on Thursday April 26.Metal Bulletin's weekly price assessment for domestic rebar in Turkey was $555-570 per tonne ex-works, down from the $570-590 per tonne of last week.The local rebar price in...Read More
Company founder and former CEO Giulio Bonifacio left the executive job in February but has stayed on as a director.Nevada Copper said it hired Gili for his project experience in the US state, as Barrick's general manager for the Cortez district.Chairman Stephen Gill said the CEO pick was important as the team moved towards construction of the Pumpkin Hollow underground mine."[Gili] brings an excep...Read More
An announcement is expected as early as next month, people familiar with the matter said, as President Xi delivers on a promise to open the country's Continue...Read More