By Avi GilburtAs many of you know, I run a trading room with well over 3500 members, including over 450 money managers. I have seen the good, the bad, and the ugly as far as what traders and investors do through the years. And, no matter how much I warn about the pitfalls in the market, many chose to ignore me, and eventually learn on their own the hard way.To this end, this article is focus...Read More
Some flat steel prices in Turkey's domestic and export markets went down slightly this week, although import prices were unchanged, market participants told Metal Bulletin on Thursday March 29.Local producers were fully booked until June.Domestic pricesHot-rolled coil (HRC) producers in Turkey have been offering material at $650-660 per tonne ex-works for late-May and early-June production, and a...Read More
Regular readers of Goldmoney's research will be aware that we were among the first to alert western financial markets that China would introduce a new oil futures contract priced in yuan, months before it was officially admitted that the plans for the contract were being finalised and a date for trading was being planned.Trading in the new Shanghai oil future commenced last Monday, and on the firs...Read More
VANCOUVER, BRITISH COLUMBIA / March 29, 2018 / MGX Minerals Inc. ("MGX" or the "Company") (CSE: XMG / OTCQB: MGXMF / FKT: 1MG) is pleased to report additional assay results of Petroleum Coke ("Petcoke") samples collected from stockpiles produced from the Fort McMurray area mining and upgrading operation as well as the Edmonton refinery. Both samples originated from Delayed Coking operations. Sampl...Read More
My Bias: Long to a new all time high above 1827.Wave Structure: Impulse structure to a new high.Long term wave count: wave (3) above 1666. GOLD accelerated lower in a possible wave 'iii' brown today,This final decline should create a clear five wave patternand carry into support at about 1303 at a minimum.The main resistance for the long term count lies at 1366,And this is the confirmation point f...Read More
By Ira EpsteinStable before Easter.https://www.iraepstein.com/ Read More
Remember LIBOR? The interest rate which soared during the global financial crisis? It's on the rise again, but almost no one is paying adequate attention to it. We are - and we will analyze for you what this means for the gold market. Hello LIBOR, My Old FriendSimon and Garfunkel sang about darkness, the old friend. We can refer these words to LIBOR which has come to talk with us again. I bet...Read More
Measures taken in conjunction with the safeguard case against a number of imported steel products in the EU will have a negative impact on Europe's independent distributors, sources have told Metal Bulletin.The European Commission (EC) launched a safeguard case into 26 carbon and stainless steel products imported into the EU on March 26. The EC claims that the investigation was started to prevent...Read More
As if the world economy isn't fragile enough, it appears that we are on the brink of a trade and currency war, compounded by a protectionist reversal of globalisation that could sink the dollar which already has lost its traditional safe haven appeal. As the United States inflames relations with China and Japan, it risks a retaliation that could cause fearful investors to dump dollars and seek ref...Read More
As a general rule, the most successful man in life is the man who has the best informationA frequently trotted-out rule in investing is when there is blood in the streets, it's time to take a stock position. When it comes to senior, mid-tier and junior gold stocks, the blood is definitely flowing, despite gold rising 4% year-on-year and 12.5% throughout 2017. The reason for gold stocks' current...Read More
Full Article: Gold Will Rise As the Dollar FallsBy: Bill BaruchFundamentals: Today is April options expiration and more volume is in April, but the open interest has shifted. April is ok to trade, but longer-term must begin using June. What is there not to like about Gold right now as the Dollar loses ground after yet another Fed rate hike. The metal is holding well this morning despite U.S-Chin...Read More
Congressional investigators looking into the origins of Special Counsel Mueller's Russia probe believe they've found a smoking gun thatContinue...Read More
If production drives prices, how does oil rise 14x when production trends sideways for 10 years? There's a widespread assumption that supply and demand drive oil prices. Almost all economists base their oil forecasts entirely on this premise, and so do many speculators.If the oil industry ramps up production and increases supply, economists expect a drop in oil prices. If production decreases, or...Read More
Over 9 Metres of 43.6% Zinc at Mina Grande Sur(1)Over 7 Metres of 25.3% Zinc at Bongarita(1)Vancouver, British Columbia--(Newsfile Corp. - March 29, 2018) - Zinc One Resources Inc. (TSXV: Z) (OTC Pink: ZZZOF) (FSE: RH33) ("Zinc One" or the "Company") has received the first drill results from the previously announced drill program at its Bongar? Zinc Mine project located in north-central Peru. Th...Read More
Remember LIBOR? The interest rate which soared during the global financial crisis? It's on the rise again, but almost no one is paying adequate attention to it. We are - and we will analyze for you what this means for the gold market.Hello LIBOR, My Old FriendSimon and Garfunkel sang about darkness, the old friend. We can refer these words to LIBOR which has come to talk with us again. I bet you...Read More
Import prices for flat steel goods brought into South America have all decreased this week, under pressure from trade tensions between China and the United States, which strongly affected the Chinese domestic market earlier this week.The import market in the region was also affected by reduced buying interest."[Chinese mills] were trying to sell volumes at any cost," a Chile-focused steel trader s...Read More
By Koos Jansenhttps://www.bullionstar.com/According to the United States Treasury its 261 million ounces (? 8,100 tonnes) in official gold reserves are fully audited and accounted for. Because for many decades rumours are making rounds this gold has been covertly sold, in this essay we'll thoroughly scrutinise the audits - indirectly evaluating the accuracy of the gold claims by the Treasury. Wh...Read More
Mike "Mish" Shedlock a registered investment advisor, representative for Sitka Pacific Capital Management and he operates one of the most popular websites about the economy and investing online: MISH'S Global Economic Trend Analysis.Read More
- This is the largest debt issuance since 2008 financial crisis- Trump threatens trade war with its biggest creditor - China- Bond auctions have seen weak demand due to large supply and trade war concerns- $20 trillion mark reached in early September 2017; $1 trillion added in just 6 months- US total national debt level now exceeds $21.05 trillion and is accelerating higher- U.S. debt and dolla...Read More
“Somethings never change. Some things do.” You might be wondering why we are quotingone of the lines from the Matrix movie. The reason is because that’s exactlywhat we can say about the gold market and the price patterns in it. The thingthat never changes is the fact that gold will always somehow react to the fundamental news, but the way itreacts will vary over time. Moreover, t...Read More