Click Here to Listen to the Interview - *the interview begins at 25:00"When we have a bear market again, and we are going to have a bear market again, it will be the worst in our lifetime. Debt is everywhere, and it's much, much higher now."Click Here to Listen to the Interview - *the interview begins at 25:00Jim Rogers co-founded the Quantum Fund with George Soros in 1973, helping to steer the fu...Read More
By Marin KatusaOn Monday, February 5th, 2018 we experienced 'Volmageddon' (Volume Armageddon) where the low volatility indexes got crushed.During Volmageddon, we experienced the largest one-day point drop ever for the S&P 500 at 113.19 points, but an overall drop of 124.21 points within 24 hours.February 5th was the largest one-day point drop, it was nowhere near the all-time largest decline in...Read More
Prices for flat steel imports in South America fell this week with market participants in a rush to close deals ahead of the Chinese New Year holiday in mid-February. "Some transactions are being reported as traders are in a rush to sell their latest cargoes before the holiday in China," a flat steel trader said."At the same time, buyers are [hoping] to benefit from last-minute deal...Read More
Is this the beginning of a major crash? Join Mike Maloney for his latest update where he analyzes the stock market, gold & silver, and bitcoin. Links:'2018: Things To Come' video: https://www.youtube.com/watch?v=98eDt...What Happens To Gold & Silver If the Stock market Crashes? https://goldsilver.com/blog/if-the-st...Clive Maund: https://www.clivemaund.com/article.ph...Michael Maloney is a preciou...Read More
The unnaturally-tranquil stock markets suddenly plunged over this past week. Volatility skyrocketed out of the blue and shattered years of artificial calm conjured by extreme central-bank distortions. This was a huge shock to the legions of hyper-complacent traders, who are realizing stocks don't rally forever. With stock selling unleashed again, herd psychology will start shifting back to...Read More
Rebar prices in Argentina increased this month, as long steel producers made an adjustment due to cost increases, sources told Metal Bulletin. Metal Bulletin's weekly assessment of Argentina's domestic rebar went up to $860-865 per tonne ex-works on Friday February 9 from $840-850 per tonne ex-works the previous month. Prices of other long steel products, such as bars, have risen this month by 4-5...Read More
By Market AnthropologyBesides death and taxes - whose ultimatums we continue to try and cheat - the only two things you can truly depend on showing up on a regular basis are gravity and greed. Over the past week, the two collided in the equity markets in rather spectacular fashion, with gravity taking the day. Granted, it's been a while since equity traders felt the strange sensation of gravity....Read More
By Gary ChristensonGlobal stock and bond markets: Watch out below!I discussed over-priced markets here and here and here.2017 was an outstanding year in many markets. DOW up 24.7%NASDAQ 100 up 31% (Wow!)Nikkei up 19%DAX up 12%Gold up 13.6%Silver up 7.1%XAU (gold mining stocks) Index up 8%Dollar Index DOWN 10%We can be certain of the following:Death, Taxes and Politics.When markets move too far a...Read More
Metal Bulletin reviews the major stories that have affected the steel market over the past week.Both the iron ore and coking coal markets became quieter on Friday due to a slowdown in trading activity ahead of the Chinese lunar new year holiday.Metal Bulletin's 62% Fe Iron Ore Index ended the week at less than $77 per tonne, while Metal Bulletin's coal indices were flat at $199.42 per tonne cfr Ch...Read More
By BullionStarhttps://www.bullionstar.com/As market turmoil hits both equities and cryptocurrencies, the heightened volatility in these assets underscores gold's unique role as a safe haven, store of value and portfolio diversifier.Stock Market SelloffsWith major US stock indices falling again sharply on Thursday (DJIA - 4.02%, NASDAQ - 4.08%, S&P -3.41%), last Monday's equity market selloff and...Read More
Posted: Feb 9, 2018JK: INN's Charlotte McLeod interviews John Kaiser about his outlook for 2018Published: Feb 5, 2018INN: INN: Gold Price Could Reach $1,600 to $2,000 this YearOn January 22, 2018 Charlotte McLeod of the Investing News Network interviewed me about my outlook for 2018. The INN link includes a transcript. You can also go directly to YouTube.Read More
Within the last week, Facebook announced a ban on all advertisements about bitcoin, initial coin offerings and other cryptocurrencies.Continue...Read More
Transaction prices for domestic rebar in Poland have been largely unchanged over the past week because buying activity was slow with sufficient material in stock, sources told Metal Bulletin on Friday February 9.Metal Bulletin's weekly price assessment for domestic 12mm B500B-grade rebar in Poland was 2,310-2,360 zloty ($678-692) per tonne ex-works on February 9,...Read More
The U.S. dollar has been bleeding recently, despite all the Fed’s tightening efforts and the passage of Trump’s tax cuts. An accelerating economy, rising interest rates and pro-growth reforms should logically drive the value of the American currency. But they didn’t.Given the strong negative correlation between the greenback and gold, finding the cause behind the dollar’s w...Read More
Long ago in a distant galaxy called "2017," stock prices rose every day. And the people were happy. With paper profits in hand they maxed out their credit cards and bank lines to buy flat-screen TVs and cars and cover their student loans. Then one day a darkness began to spread. Stocks began to move in an unfamiliar way that felt profoundly wrong. They went "down" instead of up, and paper profit...Read More
The market in the United Kingdom for grade-5C ferrous scrap was unchanged this week, remaining stable while suppliers held firm their offer prices after steady losses in the previous three weeks.The market had been dropping since the price was last assessed on January 12, with suppliers cutting their offer prices in line with export demand.But an upturn in European export prices to the key destina...Read More
By Mining JournalNorthern Vertex Mining (CN:NEE) is on the cusp of being the US's next gold and silver producer and has started stacking ore on the new leach pad at its Moss mine in Arizona. Commissioning is continuing and production is ramping up to an initial stacking rate of 2,500 tonnes per day before building to 5,000t/day. The company said to the best of its knowledge, Northern Vertex wa...Read More
The stock market is a dangerous place to be right now.Watching VIX spiked from 17 to 50+ then crashing back to 30 within two days can certainly cause a cardiac arrest or two.What’s even worse is that investors took this little dip as a buying opportunity throwing more good money at this deformed market.On Tuesday U.S. stocks rebounded to post the biggest rally in 15 months.We have discussed...Read More
Mike Gleason: It is my privilege now to welcome in Axel Merk, President and Chief Investment Officer of Merk Investments and author of the book Sustainable Wealth. Axel is a highly sought-after guest at financial conferences and on news outlets throughout the world, and it's great to have him back on with us.Axel, it's a real pleasure to speak with you again, and thanks for joining us.Axel Merk: O...Read More