Back in the 1500s, a financial agent of Queen Elizabeth I named Thomas Gresham observed that that "bad money drives out good." That is, if two kinds of money Continue...Read More
Gold remains largely forgotten, off the radars of most investors. But that's likely to change soon as this leading alternative investment is nearing a major bull breakout. Once gold climbs to decisive new bull-market highs, sentiment will turn and investors' interest will surge. Their resulting buying will rapidly drive gold higher, attracting in more capital inflows. Gold is only a coup...Read More
The war on cash has been going on for decades. The U.S. abolished the $500 bill in late 1969. (The old $500 bill featured a portrait of President William McKinleyContinue...Read More
Prices for hot-rolled coil (HRC) imported into India from South Korea have fallen by about $30 per tonne in the past month, with a southern India-based end-user booking a large shipment at $660-665 per tonne cfr Chennai port this week.Importers based in the northern port of Mumbai were unsuccessful in booking the South Korean shipment, which comprised about 25,000 tonnes of HRC, although it was fi...Read More
- 'Powerful bull market' will likely send gold to $5,000 to $10,000- If USD & Treasuries keep falling, stocks may decline at 'moment's notice'- Traditional portfolio of stocks and bonds will not protect investors- "Gold will replace bonds as the go-to hedge"by Brian Delaney of Secure InvestmentsGold is gaining momentum after a 5-year consolidation and is set to challenge the 2011 highs some tim...Read More
DEEPCASTER LLCFORTRESS ASSETS PORTFOLIO | LETTERS, ALERTS & ARTICLESHIGH POTENTIAL SPECULATOR | HIGH YIELD PORTFOLIOPreserve & Enhance WealthInvestment & Geopolitical Intelligence Of several Threats to the Markets and Economy, there is one which is both Paramount and probable to be realized. But this Great Threat also provides an opportunity for Great Profit and Wealth Protection for those who...Read More
The first earning season after the tax changes is upon us. Earnings have not disappointed with many corporations posting the expected 20% earning surge YOY. But Insider selling more than doubled this past week.$370 Trillion in fiat money contracts are tied to LIBOR, which is set to die in 2021. The problem is all the contracts tied to that rate that come due AFTER 2021 and LIBOR is on the rise.Loo...Read More
Friday Wrap: Um, so if you're not on silver's side, you might want to raise that white flag right about now. Silver is about to make things really messy...This morning I asked if silver might test a 16-handle based on a new possible contrarian indicator?So far my theory is wrong, but either way, we're down, and it hasn't been an easy day to sit through.But we need to look at the bright side - we'r...Read More
Import prices for flat steel products in South America have all declined this week, on reduced buying appetite in the markets, Metal Bulletin has heard."There is low buying interest, with clients adopting a wait-and-see approach," a South America-focused steel trader said. "The market seemed to be weak in China [this week], with mills holding [back] their offers."Offer prices for China-origin hot-...Read More
SHANGHAI, Apr 20 (SMM) – Selenium prices in China stayed at low levels during the week ended Friday April 20 amid thin transactions.SMM assessed selenium powder at 300-320 yuan/kg as of Friday, flat from levels seen last week with sellers mostly fulfilling long-term orders. The offers in the international market also kept flat from at $23.5-26/lb. SMM assessed selenium dioxide at 175-18...Read More
John Williams of Shadowstats.com, a leading online alternative economic-resource sees the potential for an explosive move in the PMs sector / commodities.According to Shadowstats, the official inflation numbers are significantly understated - consumers are being robbed as the pace of price increases exceeds wages. Shadowstats finds that the GDP is slowing at a rapid clip, which will be reflected...Read More
Government central planners at the Federal Reserve, and everywhere else, all suffer from "physics envy." They seek to model the un-modelable. Ron Paul discusses why the central planners always have, and always will, fail spectacularly.Dr. Ron Paul is a physician and former twelve-term congressman from Texas who ran for president in 2008. He is the author of eight books, including the New York Time...Read More
A contrarian indicator just tripped. Here's what it could mean for the white metal...Are contrarian indicators real?Look at none other than Dennis Gartman this week and think about it, because the question is rhetorical:NEW RECOMMENDATION: We wish to sell WTI and Brent Crude short this morning upon receipt of this commentary, predicated upon the massive narrowing of the backwardation in both and...Read More
Coated coil prices were stable in Turkey this week although demand was still soft in the local and export markets, Metal Bulletin was told on Friday April 20.Domestic pricesOne Northern Turkish producer was offering 0.50mm hot-dipped galvanized coil (HDG) at $790-800 per tonne ex-works this week.A second producer in the same region was still offering similar product at $825 per tonne ex-works.Sout...Read More
By Rory HallThis is about as underreported as it gets. A tiny, almost nonexistent report appeared in Trend.az news service on Thursday April 19 announcing that Turkey's Central Bank had moved 220 tons of gold out of the Federal Reserve System to take possession in Turkey. Trend is also reporting that an additional 95 tons of gold is being moved out of the Federal Reserve and back to Turkey.Remem...Read More
North Korea has agreed to suspend all Nuclear Tests and close up a major test site. This is very good news for North Korea and the World - big progress! Look forward to our Summit.Continue...Read More
Metal Bulletin reviews the major stories that have affected the steel market over the past week.Iron ore prices and trading activity both faltered on Friday April 20, after the value of Metal Bulletin's 62% Fe Iron Ore Index surged by more than $2.50 per tonne a day earlier.The stoppage of Anglo American's Minas-Rio iron ore operation in Brazil will have an effect, albeit a small one, on worldwide...Read More
"Looks like OPEC is at it again. With record amounts of Oil all over the place, including the fully loaded ships at sea, Oil prices are artificially Very High! No good and will not be accepted!"Continue...Read More