U.S. Secret Service Also Frustrated with U.S. Mint's "Lack of Supporting Action" Washington, DC (March 12, 2018) - Congressmen Alex Mooney (R-WV) criticized the United States Mint for its "disappointing and concerning" lack of awareness or action on the growing problem of high-quality counterfeits of U.S. precious-metals coins entering the country from China and elsewhere.In a letter dated March...Read More
- Recent stock market selloff showed gold can deliver returns and reduce portfolio risk- Gold's performance during stock market selloff was consistent with historical behaviour- Gold up nearly 10% in last year but performance during recent selloff was short-lived- The stronger the market pullback, the stronger gold's rally- WGC: 'a good time for investors to consider including or adding gold as a...Read More
Felix Sater, the man at the center of a controversial email "tying" President Trump to Russia while trying to work a business deal, has come forwardContinue...Read More
Demand for imported scrap in Turkey could suffer as a result of the United States applying tariffs on shipments of Turkish steel, a spokeswoman for German steel recycling association BDSV told Metal Bulletin on Monday March 12.Lower demand for Turkish steel in the US under tariffs could lead to a drop in steel production in Turkey and lower scrap demand from the country, the spokeswoman said.Altho...Read More
By Frank HolmesStrengths? The best performing metal this week was silver, up 0.43 percent as hedge funds cut their bearish outlook. After mostly bearish opinions last week, gold traders are leaning more bullish this week on the yellow metal's performance. BullionVault's Gold Investor Index rose last month to 54.1, up from 52.7 the prior month, when it was at the lowest level sinc...Read More
Think back to the halcyon days of the dot com boom. This was a time after Greenspan declared "irrational exuberance". Long Term Capital Management collapsed in 1998, and Greenspan decided to risk propelling exuberance to a level beyond irrational. Super-duper-irrational exuberance?Anyway, Greenspan cut interest rates a few times in late 1998. Technology companies were able to raise $5 million or m...Read More
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By Keith WeinerThink back to the halcyon days of the dot com boom. This was a time after Greenspan declared "irrational exuberance". Long Term Capital Management collapsed in 1998, and Greenspan decided to risk propelling exuberance to a level beyond irrational. Super-duper-irrational exuberance?Anyway, Greenspan cut interest rates a few times in late 1998. Technology companies were able to rais...Read More
Turkish domestic scrap prices have moved in varying directions over the past week, with some mills raising their buy prices for auto bundle scrap, while another mill reduced its buy price for ship scrap, sources said on Monday March 12.Metal Bulletin's weekly price assessment for domestic auto bundle scrap (DKP grade) in Turkey was TRY1,260-1,420 ($330-372) per tonne delivered on March 12, widenin...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 2872 could continue until mid-May, but is mostly behind us.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 d...Read More
"Kevin, are we going for an additional tax cut, I understand?" Trump asked, drawing laughter from those gathered for the event. "Huh? He's the king of those tax cutsContinue...Read More
Listen to the Podcast Audio: Click HereMike Gleason: It is my privilege now to welcome in Gerald Celente, publisher of the renowned Trends Journal. Mr. Celente is perhaps the most well-known trends forecaster in the world and it's always great to have him on with us.Mr. Celente, thanks again for the time today and welcome back.Gerald Celente: Oh, it's always great being on. Thank you.Mike Gl...Read More
The reduced availability of steel billet and increased prices for ferrous scrap resulted in the global steel billet market trending mostly upward during the week ended Friday March 9, Metal Bulletin has learnt.CIS, Turkey, North AfricaCIS export billet prices continued to climb during the week, supported by strong demand, lower supply of the semi-finished material and rising scrap costs.Mills were...Read More
By John MauldinLabor 2030Surplus WorkersWealth Tax ComingHome Again, Home Again, Jiggity-JigWe've just wrapped the Strategic Investment Conference, which in many ways is the best week of my year. Seeing so many old friends, making new ones, and having countless fascinating conversations is my idea of heaven.On the other hand, this particular heaven is also exhausting. I've been running at full p...Read More
By Avi GilburtDo you think we will ever see a week of market moves associated with news events for which you will not shake your head?Week after week I think analysts say something so stupid that I just want to scream. As I have pointed out so many times over the years, I keep hoping that some form of sanity will grip pundits one day. I keep hoping that they may wake up and recognize the error o...Read More
CIS export slab prices soared in the week ended Monday March 12 amid reduced availability of the material as well as continuing growth in flat steel prices in customers' own markets.Metal Bulletin's weekly price assessment for CIS export slab was $580-590 per tonne fob Black Sea on Monday March 12, up from $555-565 per tonne fob Black Sea.Ukraine's Metinvest was offering its material to Turkey, on...Read More
- Recent stock market selloff showed gold can deliver returns and reduce portfolio risk- Gold's performance during stock market selloff was consistent with historical behaviour- Gold up nearly 10% in last year but performance during recent selloff was short-lived- The stronger the market pullback, the stronger gold's rally- WGC: 'a good time for investors to consider including or adding gold as...Read More
CIS export billet prices soared in the week ended Monday March 12 with mills pushing through higher prices amid reduced availability of the material and lively demand.Metal Bulletin's export CIS Billet Index was $551 per tonne fob Black Sea on March 12, up by $17 per tonne week-on-week.Mills were selling material mainly within the range of $540-550 per tonne fob Black Sea.Ukraine's ArcelorMittal K...Read More
The Chinese ferro-silicon spot market slumped over the past week because of slow demand from key consumers in the steel and magnesium sectors.The market will be vulnerable to further losses if there is no upturn in demand in the near term. Chinese demand lags behind supply... ...and domestic prices fall more than 10% Europe price range widens amid uncertainty US market eases, wary of renewed impor...Read More