By Frank HolmesStrengths? The best performing metal this week was palladium, up 9.16 percent on concerns new Russian sanctions announced at the start of week could disrupt supplies. Gold traders and analysts are at their most bullish on the gold price in a year, according to the weekly Bloomberg survey. Gold ETFs saw holdings increase for seven consecutive days with total holding...Read More
– Global debt bubble hits new all time high – over $237 trillion– Global debt increased 10% or $21 tn in 2017 to nearly a quarter quadrillion USD – Increase in debt equivalent to United States’ ballooning national debt – Global debt up $50 trillion in decade & over 327% of global GDP – $750 trillion of bank derivatives means global debt over $1 quadril...Read More
"War" and "pensions" are conceptually about as different as it's possible to be. But - in a measure of how far into Crazy Town we've wandered - they're both taking the world in the same direction. If a Middle East (or Asian!) war doesn't spike oil prices and push the global economy into recession, then pensions will probably produce the same end result. Here's an excerpt from a much longer New Y...Read More
David Morgan is a world-renown precious metals aficionado. He is the creator of the Silver-Investor.com website and The Morgan Report, a monthly report that covers economic news, overall financial health of the global economy, currency problems and the key reasons for investing in precious metals. A dynamic, much-in-demand speaker all over the globe, David's educational mission also makes him a pr...Read More
Import prices for re-rolling-grade hot-rolled coil sold into Vietnam continued to fall over the past week with offers becoming more competitive amid persistently weak demand.Metal Bulletin's assessment of HRC import prices in Southeast Asia - which mainly looks at Chinese 2-3mm SAE1006 HRC and equivalent grades sold into Vietnam - was $595-607 per tonne cfr for the week ended Monday April 16, down...Read More
CloseGain/LossGold $1346.00+$1.60Silver$16.67+$0.03XAU83.98-0.12%HUI182.48-0.52%GDM637.55-0.20%JSE Gold1097.04-17.23USD89.46-0.30Euro123.78+0.38Yen93.29+0.19Oil$66.22-$1.1710-Year2.832%+0.010T-Bond145.53125+0.125Dow24573.04+0.87%Nasdaq7156.28+0.70%S&P2677.84+0.81% The Metals: Gold chopped between $1348.60 and $1341.20 in Asia before it climbed up to $1350.50 in midmorning...Read More
CloseGain/LossGold $1346.00+$1.60Silver$16.67+$0.03XAU83.98-0.12%HUI182.48-0.52%GDM637.55-0.20%JSE Gold1097.04-17.23USD89.46-0.30Euro123.78+0.38Yen93.29+0.19Oil$66.22-$1.1710-Year2.832%+0.010T-Bond145.53125+0.125Dow24573.04+0.87%Nasdaq7156.28+0.70%S&P2677.84+0.81% The Metals: Gold chopped between $1348.60 and $1341.20 in Asia before it climbed up to $1350.50 in midmorning...Read More
By Keith WeinerBack in the drug-soaked, if not halcyon, days known at the sexual and drug revolution the 1960's many people were on a quest for the "perfect trip", and the "perfect hit of acid" (the drug lysergic acid diethylamide, LSD). We will no doubt generate some hate mail for saying this, but we don't believe that anyone ever attained that goal. The perfect drug-induced high does not exist...Read More
VANCOUVER, BRITISH COLUMBIA / April 16, 2018 / MGX Minerals Inc. ("MGX" or the "Company") (CSE: XMG / OTCQB: MGXMF / FKT: 1MG) is pleased to announce that its wholly owned subsidiary ZincNyx Energy Solutions Inc. ("ZincNyx") has developed new methods to expand the capacity of its zinc-air fuel cell battery as part of the mass production design phase.BackgroundZincNyx has developed a patented reg...Read More
A few weeks ago we wrote that it may not be Gold’s time yet but a few recent developments suggest its time could be sooner than we anticipated. Although Gold failed to breakout last week, we should note the positive action in the miners. Over the past seven trading days the miners have strongly outperformed Gold. That includes the juniors, which appear very close to breaking out of the downt...Read More
By Ira EpsteinGold up but momentum lacking.https://www.iraepstein.com/ Read More
Hot-rolled coil prices rose in east China in the morning of Monday April 16 but ceded a lot of those gains in the afternoon following losses in the paper market.DomesticEastern China (Shanghai): 3,930-3,980 yuan ($626-634) per tonne, up 10-30 yuan per tonneNorthern China (Tianjin): 3,870-3,890 yuan per tonne, unchanged Spot cargoes changed hands at 3,940-3,980 yuan per tonne in the first half of t...Read More
- Global debt bubble hits new all time high - over $237 trillion- Global debt increased 10% or $21 tn in 2017 to nearly a quarter quadrillion USD- Increase in debt equivalent to United States' ballooning national debt- Global debt up $50 trillion in decade & over 327% of global GDP- $750 trillion of bank derivatives means global debt over $1 quadrillion- Gold will be 'store of value' in coming e...Read More
Full Article: GOLD BULL MARKET REVIEWBy: Ronald RosenThis quarterly gold chart is for us simple folks with lots of patience. We know that gold is in a bull market when the yellow line is above the green line. Yep! Yellow is above the green. The yellow line is the one year moving average. The green line is the two year moving average. Ferdinand the bull woke up two years ago when the yellow line m...Read More
Over the weekend, President Trump celebrated firing more than 100 missiles into Syria by Tweeting, "Mission Accomplished!" They say if you cannot learn from history you are condemned to repeat it. So I guess we are repeating it.We all remember that "Mission Accomplished" was the banner behind then-President Bush as he gloated aboard a US navy ship that the war in Iraq had been won. After his "vict...Read More
COLORADO SPRINGS, CO, April 16, 2018 (GLOBE NEWSWIRE) -- Gold Resource Corporation (NYSE American: GORO) (the "Company") reports preliminary production results for the first quarter ended March 31, 2018 of approximately 6,647 ounces of gold, 425,884 ounces of silver and significant base metals. Gold Resource Corporation is a gold and silver producer, developer and explorer with operations in...Read More
The Brazilian competition regulator, Cade, has approved the sale of long steel assets from ArcelorMittal Brasil to Mexico's Grupo Simec, according to a document published in the country's official gazette on Monday April 16.These divestments are part of the merger process between ArcelorMittal Brasil and local long steel producer Votorantim Siderurgia. In February, Cade approved the merger between...Read More
Thomas a member of the FSN community asked us a question about the viability and future of the US Dollar. While the dollar might be the best looking horse in the glue factory, it's still headed for the glue pot of history. If all fiat currencies are going down, you need to look elsewhere to protect your wealth and your future. John Rubino is the founder and manager of the popular financial websit...Read More
By Ronan Manlyhttps://www.bullionstar.com/On 29 January 2018, the Commodity Futures Trading Commission (CFTC) Division of Enforcement together with the Criminal Division of the US Department of Justice and the FBI announced criminal and civil enforcement actions against 3 global investment banks and 5 traders for involvement in trade spoofing in precious metals futures contracts on the US-based...Read More
Silicon Valley is pouring venture capital into startups that use cultured animal cells to grow meat. The hope (now backed with hundreds of millions of dollars) Continue...Read More