TECHNICAL SCOOPCharts and commentary by David ChapmanPhone: 416-523-5454 Email: david@davidchapman.comTwitter: @Davcha12April 2, 2018 "Every time I get accustomed to low volatility, like we were towards the end of the Greenspan era, and we think we have all the levers under the control... something erupts to remind us that the idea that anybody is in control of everything is hubris." Lloyd Blan...Read More

Source: Michael J. Ballanger for Streetwise Reports 03/31/2018 Precious metals expert Michael Ballanger finds that lots of quotes from classic films apply to silver and gold's current situation. -->In the context of relative performance, silver could easily assume the role of Terry Malloy (Marlon Brando in "On the Waterfront" [1954]) when he looks at his older brother and says: "I coulda ha...Read More

Justin's note: Imagine not being able to board a plane because you forgot to pay your water bill... or being denied access to a train because you jaywalked.Continue...Read More

With competition in the global steel markets remaining fierce, Metal Bulletin provides an update on the new, progressing and closed trade cases from around the world in March 2018.The case list below includes only updates. For other continuing cases...Read More

The following is authored by Mr. John Exter (ex-New York Fed Vice President): Now that the international monetary system we have long known has broken down, and the world is groping through monetary reform for a new one, it is time to consider some fundamentals.What is money anyway?First, it is a means of payment or medium of exchange. I prefer that first phrase. It is simpler. We all use mone...Read More

By Dave KranzlerThere is plenty of dysfunction in plain sight to suggest that the financial markets can't bear the strain of unreality anymore. Between the burgeoning trade wars and the adoption in congress this week of a fiscally suicidal spending bill, you'd want to put your fingers in your ears to not be deafened by the roar of markets tumbling - James Kuntsler, "The Unspooling"Many of you ha...Read More

You don't have to be a chartist to discern the weight of supply sitting on the stock market right now. The steep pitch of early February's plunge tells us that many investors were caught completely by surprise. Although some undoubtedly expect shares to binge anew to untold highs, it's possible that even more are waiting for a strong upswing that would allow an exit with less-than-stellar gain...Read More

"it provides clear evidence that the silver market is now getting at an extreme level looking for a reversal...." Here's why...by Steve St. Angelo of SRSrocco ReportWhile silver investment demand is totally off the radar, certain indicators, including the Gold-Silver ratio, suggest that interest in the poor man's gold will likely increase significantly over the next few years. The rising interes...Read More

Anglo American has again halted iron ore output at its Brazilian Minas-Rio operation, with the company's shipments affected after a pulp leakage at its slurry pipeline on Thursday March 29."The supply is paralyzed, as the stock level of 700,000 tonnes of iron ore ended," the miner told Metal Bulletin on April 2."We are now negotiating [the issue] with each client," it added.The company supplies th...Read More

In the context of relative performance, silver could easily assume the role of Terry Malloy (Marlon Brando in "On the Waterfront" [1954]) when he looks at his older brother and says: "I coulda had class. I coulda been a contender. I coulda been somebody, instead of a bum, which is what I am, let's face it." And make no mistake, silver has behaved like a bum, without class, never in contention, and...Read More

By Graham Summers The Fed is lying about inflation. How do I know? Because several of the Fed's OWN in-house inflation measures are roaring.The New York Fed's UIG inflation measure is currently clocking in at 3.06%.The Atlanta Fed's "sticky" inflation measure is growing at an annualized rate of 2.2%.Even the Fed's heavily massaged Personal Consumption Expenditures (PCE) metric is growing at 1...Read More

The Federal Reserve recently increased interest rates to 1.75 percent. This is the highest interest rates have been since 2008, but it still leaves rates at historic lows. While the Fed says economic growth justifies future rate increases, an honest examination of the economy suggests that future rate increases are unlikely.The Fed's claim that the economy is strong is based on misleading governme...Read More

- UK high street and wider consumer market feeling effects of financial crisis, Brexit and inflation- 350,000 retails jobs expected to disappear between 2016 and 2020- Centre for Retail Research predicts 9,500 shops to close this year and 10,200 in 2019- UK is 'worst performing' European market for new car registrations - Moody's- UK's growth outlook is the 'worst in the G20' - Institute of Fisc...Read More

Big gains in the billet market over the weekend gave support to tender prices on the seaborne iron ore market on Monday April 2, though premiums for the most-liquid Pilbara Blend fines continued to weaken.Metal Bulletin 62% Fe Iron Ore Index: $65.80 per tonne cfr Qingdao, up by $0.81 per tonne Metal Bulletin 58% Fe Premium Index: $52.49 per tonne cfr Qingdao, up by $0.49 per tonne Metal Bulletin 6...Read More

Current Position of the MarketSPX: Long-term trend - The bull market is continuing with a top expected in the low 3000s.Intermediate trend - The intermediate correction from 2873 should now continue until May.Analysis of the short-term trend is done on a daily basis with the help of hourly charts. It is an important adjunct to the analysis of daily and weekly charts which discusses the course of l...Read More

By John MauldinVelocity and DebtMissing ReflationGenerational DifferenceIncome DisparityDeficit HeadacheTech TroubleMonetary MadnessCharlotte, Fort Lauderdale, Chicago, and RaleighHere in Texas you know spring is here when our state flower, the bluebonnet, pops up everywhere. I was at the Masters in Augusta last year, and the azaleas were beautiful. But they are cultivated and take a lot of work...Read More

Dr. Jerome Corsi joined us again to talk about his new book Killing the Deep State - The Fight to Save President Trump. The level and depth of the corruption and the plan to depose the President is breathtaking in its audacity and its naivet?(C). Never before in American History has a secret cabal so openly attempted to subvert the will of the electorate. Now they're on the defensive and we all h...Read More

By Jordan Roy-Byrne CMT, MFTA Last week we noted that Gold's quarterly close would be a key marker for Gold's immediate breakout potential. Gold was seemingly on course for its highest quarterly close since 2012 until it reversed back below quarterly resistance at $1330/oz. Hence, an imminent break to the upside is unlikely and gold watchers will have to remain patient. It's not yet Gold's time...Read More

China's ferrous futures decreased during morning trading on Monday April 2, losing the gains made during last Friday night's trading session.Futures closing prices - morning session Shanghai Futures Exchange October rebar: 3,366 ($536) per tonne, down 61 yuan per tonne May hot-rolled coil: 3,707 yuan per tonne, down 37 yuan per tonne Dalian Commodity Exchange May iron ore: 445 yuan per tonne, down...Read More

"Initial analysis demonstrates the find is at substantial levels, capable of supporting the long-term extraction of tight oil and deep gas." Continue...Read More