Drilling contractor Layne Christensen (NASDAQ: LAYN) has rejected opposition to Granite Construction's US$376 million offer for the company, but won't fully address concerns outlined in a letter by Cetus Capital until "the second quarter of 2018".Staff reporter27 MARCH 201827/03/2018commentsshareGranite (NYSE: GVA) and Layne announced the former's bid on February 14 this year. Layne was trading ar...Read More
Dear Friend of GATA and Gold:In commentary posted today at GoldSeek, headlined "GATA Is at It Again" --http://news.goldseek.com/GoldSeek/1522155660.php-- financial letter writer Avi Gilburt accuses GATA of routinely taking quotes out of context, starting with the mention made of GATA by the deputy chairman of the Bank of Russia, Oleg Mozhaiskov, in his address to the London Bullion Market Associ...Read More
– Silver Futures Report, JP Morgan Record Silver Bullion Holding Is Extremely Bullish– JP Morgan Continues Adding To Massive Silver Bullion Holdings (see chart)– Silver Speculators Go Short – Which Is Extremely Bullish– Stunning Silver COT Report: One For the Ages (see chart) The silver futures Commitment of Traders (COT) report released last Friday was...Read More
CloseGain/LossGold $1344.30-$8.60Silver$16.51-$0.18XAU81.25-1.52%HUI176.28-1.50%GDM617.49-1.30%JSE Gold1118.05-11.81USD89.39+0.34Euro124.04-0.50Yen95.00UNCHOil$65.25-$0.3010-Year2.781%-0.065T-Bond145.75+1.03125Dow23857.71-1.43%Nasdaq7008.81-2.93%S&P2612.62-1.73% The Metals: Gold fell $13.70 to $1340.20 in midmorning New York trade before it bounced back higher into the cl...Read More
Flat steel import prices into the United Arab Emirates and Saudi Arabia decreased, while demand was moderate, sources told Metal Bulletin on Tuesday March 27. Most buyers want to wait and see if price decreases continue. UAE Hot-rolled coil (HRC) was being offered to the UAE at $610-620 per tonne cfr from China, down from $635-640 per tonne cfr last week. India offered HRC at 640 per tonne cfr to...Read More
By Graham Summers As I noted yesterday, stocks still have some life in them. Calling the precise top of a bubble is all but impossible. This is particularly true when you have a White House administration that openly admits it views stocks as a "report card." Rarely does the one being graded have the ability to manipulate the results of his or her "report card." In this case, the White House d...Read More
As I noted yesterday, stocks still have some life in them.Calling the precise top of a bubble is all but impossible. This is particularly true when you have a White House that openly admits it views stocks as a "report card." Rarely does the one being graded have the ability to manipulate the results of his or her "report card." In this case, the White House does.Having said that, my current bluep...Read More
Do you hear the military march? The world’s largesteconomies are flexing their muscles and preparing for war. Will gold win thetrade conflict between the United States and China?So It BeginsTrade war. This topic dominated the recent days. Lastweek, President Trump announced plans for tariffs on about $60 billion ofChinese imports. In response, Liu He, China’s vice-prime minister, told...Read More
After many starts and stops over the past few years, the Chinese oil exchange launched on March 26, 2018 as I have been reporting for the past few weeks. This is a big deal. It appears to be a direct competitor to the US dollar in, right now, just oil but it could expand to many other materials- particularly in Eastern Europe and Asia where their one belt one road initiative is taking place. (the...Read More
CloseGain/LossGold $1344.30-$8.60Silver$16.51-$0.18XAU81.25-1.52%HUI176.28-1.50%GDM617.49-1.30%JSE Gold1118.05-11.81USD89.39+0.34Euro124.04-0.50Yen95.00UNCHOil$65.25-$0.3010-Year2.781%-0.065T-Bond145.75+1.03125Dow23857.71-1.43%Nasdaq7008.81-2.93%S&P2612.62-1.73% The Metals: Gold fell $13.70 to $1340.20 in midmorning New York trade before it bounced back higher into the cl...Read More
CloseGain/LossGold $1344.30-$8.60Silver$16.51-$0.18XAU81.25-1.52%HUI176.28-1.50%GDM617.49-1.30%JSE Gold1118.05-11.81USD89.39+0.34Euro124.04-0.50Yen95.00UNCHOil$65.25-$0.3010-Year2.781%-0.065T-Bond145.75+1.03125Dow23857.71-1.43%Nasdaq7008.81-2.93%S&P2612.62-1.73% The Metals: Gold fell $13.70 to $1340.20 in midmorning New York trade before it bounced back higher into the cl...Read More
Last Thursday, the Dow Jones fell 724 points. It followed up with a 424 point decline on Friday. Meanwhile, the Nasdaq fell 2.43% Friday.Most analysts blamed the plunge on fear of an all-out trade war between the US and China. But the Federal Reserve rate hike on Wednesday also likely played a part in the stock market decline. The markets don't like the prospect of having their easy-money punch...Read More
As I noted yesterday, stocks still have some life in them.Calling the precise top of a bubble is all but impossible. This is particularly true when you have a White House that openly admits it views stocks as a "report card." Rarely does the one being graded have the ability to manipulate the results of his or her "report card." In this case, the White House does.Having said that, my current bluep...Read More
Steel traders in the central region of Russia, around Moscow, have not resumed active purchasing of hot-rolled (HR) and cold-rolled (CR) sheet this week despite a gradual demand improvement in the secondary market, Metal Bulletin has been told."We see some seasonal demand improvement but now we are selling material that was purchased earlier this year, when prices were lower," a trader told Metal...Read More
Full Article: Gold is a Sleeping Giant You Can't Afford to MissBy: Katusa ResearchYesterday, I walked you through the Bitcoin bubble.I showed you why the easy money has already been made and why the technology is still years away from revolutionizing money.I have to be honest though.Full Article: Gold is a Sleeping Giant You Can't Afford to MissBy: Katusa ResearchDisclaimer (C) 2010 Junior Gold...Read More
A new phrase has been added to our lexicon of late, and that is what has become known as "fake news." This new phraseology can be aptly applied to that which is presented by our old friends at the GATA (Gold Anti-Trust Action) committee.GATA has been trying to convince all those who are willing to listen that it is not its fault that the metals market dropped from 2011 to 2015 (where silver lost 7...Read More
GoldWe were anticipating a modest one or two week correction prior to the resumption of the short-term upward trend, but all we got was a two-day pullback. The gold-market correction that appeared to get underway during the first half of last week was cut short by Friday's downside breakout in the Dollar Index.This means that the gold market has stayed short-term "overbought" and is still vulnerab...Read More
By Ira EpsteinBig test to see if gold and silver find support on Wednesday.https://www.iraepstein.com/ Read More
By Frank HolmesIn a January post, I showed how the price of gold rallied in the months following the 2015 and 2016 December interest rate hikes as much as 29 percent in the former cycle, 17.8 percent in the latter. Gold ended 2017 up double digits, despite pressure from skyrocketing stocks and massive cryptocurrency speculation.click to enlargeI forecast then that we could see another "Fed rally...Read More
As I noted yesterday, stocks still have some life in them.Calling the precise top of a bubble is all but impossible. This is particularly true when you have a White House that openly admits it views stocks as a "report card." Rarely does the one being graded have the ability to manipulate the results of his or her "report card." In this case, the White House does.Having said that, my current bluep...Read More