By Mike Maloney"Wall Street and the financial sector are all trying to figure out 'Well how can we get a piece of these profits?', and the way it is engineered - they can't!"https://goldsilver.com/promo/freebook/ Read More
Import volumes of steel products from China into Latin American countries dropped by 50% year-on-year in January, according to figures released by regional steel association Alacero on Tuesday March 13.Latin America imported 412,000 tonnes of steel from China during the month, compared with 822,000 tonnes a year before.Meanwhile, China's total steel exports decreased by 39% to 4.40 million tonnes...Read More
For those that follow me regularly, you will know that I have been tracking a set-up for the VanEck Vectors Gold Miners ETF (NYSEARCA:GDX), which I analyze as a proxy for the metals mining market. I also believe that GDX can outperform the general equity market once we confirm a long-term break out has begun, and I still think we can see it in occur in 2018. This week, I will provide an update to...Read More
By George SmithI have never met Gary North and probably never will. Yet, through his writings he has had a far-reaching influence on my thinking, especially with regard to government and economics. He runs a membership website, GaryNorth.com. For $14.95 a month you get access to everything on the site, including four daily articles that he writes six days a week and posts while most people...Read More
The economic data is now beginning to reveal what the bond market has been screaming for weeks: namely that INFLATION. HAS. ARRIVED.In the last 24 hours we've seen:Core inflation rose 2.2% year over year for the month of February.Media one-year inflation expectations rose to 2.83% from 2.71%Wage data rose at an annualized pace of 3% over the last three months.The markets have already taken note, w...Read More
Swiss special and stainless steel producer Schmolz + Bickenbach (S+B) forecasts a rise in special steel long product demand and prices in 2018, the company said after reporting successful results for 2017.Swiss special and stainless steel producer Schmolz + Bickenbach (S+B) forecasts demand and price growth for special steel long products in 2018, the company said after reporting successful result...Read More
The past 18 months have been difficult for precious metals investors. If you had known Donald Trump would be elected and the US Dollar would soon begin a nearly 15% decline, you would have expected Gold to blow past its 2016 high. You would have been shocked to see the gold miners and junior gold stocks trading lower. Gold has fared okay but the gold stocks and Silver have lagged. As US equities h...Read More
If you're getting the sense that stocks always go up, that's because they've been doing so for a really, really long time. From CNBC today: On the bull market's ninth birthday, here's how it stacks up against historyo The Dow has quadrupled during the bull market, which turned 9 on Friday.o This is the biggest and longest bull market for the Dow post-WWII, according to Leuthold Group.The bullish...Read More
As the world transitions from deflation to inflation, investors need to engage in serious sector rotation or they risk being left behind.Income growth in China/India, US government tax cuts, central bank rate hikes, and quantitative tightening are the main fundamental forces of this transition.The paint is barely dry on Trump's first tranche of tax cuts, and he's already talking about round two!Tr...Read More
The economic data is now beginning to reveal what the bond market has been screaming for weeks: namely that INFLATION. HAS. ARRIVED.In the last 24 hours we've seen:Core inflation rose 2.2% year over year for the month of February.Media one-year inflation expectations rose to 2.83% from 2.71%Wage data rose at an annualized pace of 3% over the last three months.The markets have already taken note, w...Read More
The latest bids, offers and deals in the global markets for rebar, wire rod, steel beams and other long steel products. Latest transactions: rebarRebar Turkey, export, rebar, offered at $615-620 per tonne cfr on theoretical weight basis, to...Read More
CloseGain/LossGold $1325.80+$2.10Silver$16.57+$0.02XAU79.70+0.04%HUI174.25-0.09%GDM606.84-0.03%JSE Gold1090.13-15.81USD89.74-0.14Euro123.90+0.48Yen93.88-0.18Oil$60.71-$0.6510-Year2.847%-0.020T-Bond145.15625+0.40625Dow25007.03-0.68%Nasdaq7511.01-1.02%S&P2765.31-0.64% The Metals: Gold fell $6.60 to $1317.10 in Asia before it jumped up to $1327.50 in early New York trade and...Read More
By Frank HolmesFriday marked the ninth anniversary of the stock bull market, the second longest since World War II following the spectacular run in the 1990s that finally met its match when the tech bubble burst in March 2000. The current expansion, which some consider the "most hated bull market in history," has largely been fueled by extraordinarily accommodative monetary policy in the form of...Read More
CloseGain/LossGold $1325.80+$2.10Silver$16.57+$0.02XAU79.70+0.04%HUI174.25-0.09%GDM606.84-0.03%JSE Gold1090.13-15.81USD89.74-0.14Euro123.90+0.48Yen93.88-0.18Oil$60.71-$0.6510-Year2.847%-0.020T-Bond145.15625+0.40625Dow25007.03-0.68%Nasdaq7511.01-1.02%S&P2765.31-0.64% The Metals: Gold fell $6.60 to $1317.10 in Asia before it jumped up to $1327.50 in early New York trade and...Read More
For those that follow me regularly, you will know that I have been tracking a set-up for the VanEck Vectors Gold Miners ETF (NYSEARCA:GDX), which I analyze as a proxy for the metals mining market. I also believe that GDX can outperform the general equity market once we confirm a long-term break out has begun, and I still think we can see it in occur in 2018. This week, I will provide an update to...Read More
The economic data is now beginning to reveal what the bond market has been screaming for weeks: namely that INFLATION. HAS. ARRIVED.In the last 24 hours we've seen:Core inflation rose 2.2% year over year for the month of February.Media one-year inflation expectations rose to 2.83% from 2.71%Wage data rose at an annualized pace of 3% over the last three months.The markets have already taken note, w...Read More
March 13th, 2018, Vancouver, B.C. - Northern Vertex Mining Corp. (TSX.V: NEE) (OTC Nasdaq Intl.: NHVCF) (the "Company" or "Northern Vertex") is pleased to announce its First Gold Pour at the Moss Mine in NW Arizona, USA, a commitment of up to US$100 Million for Acquisition and Development from its partner Sprott Private Resource Lending LP ("Sprott Lending") and a CAD$2 Million Non-Brokered Expl...Read More
Sampling at Golden Arrow Resources Corp.'s Antofalla silver-gold property in northwest Argentina's Catamarca province. Photo Credit: Golden Arrow Resources Corp. Golden Arrow Resources Corp. (TSXV: GRG) a member of the Grosso Group of companies is placing its precious and base metal exploration assets in Argentina into a new, 100%-owned subsidiary called New Golden Exploration, now that its...Read More
Analysts split on China's demand as gold jewelry tastes change...LEADING ANALYSTS are split over the prospects for China's private gold buying in 2018, as a "healthy outlook" from one consultancy contrasts with a "tough year in store" from another."China's gold demand is likely to have peaked in 2013," says Thomson Reuters GFMS, "and is very unlikely to return to those levels in future, regardless...Read More
UK ferrous scrap prices for monthly deliveries to consumers in March have rebounded, recovering losses from last month, with the prices of almost all grades up by ?30 per tonne amid firm demand, trade sources told Metal Bulletin this week.Only borings bucked the trend, with the price increasing by only ?25 per tonne.Trend-indicating grades in the UK such as HMS 1&2 (old steel) and OA (plate and...Read More