On Friday, the market finally woke up to the reality of rising rates.The truth is that Central Banks have been printing money for too long, maintaining "emergency" levels of QE despite the fact the global economy is growing.This has unleashed inflation, which is forcing the bond market to drop. On Friday, stocks finally "got the memo" that conditions are too loose and the US Dollar is falling too...Read More
Seaborne iron ore prices moved up on Monday February 5 amid gains in the futures market.Metal Bulletin's 62% Fe Iron Ore IndexToday: $75.70 per tonne cfr QingdaoDaily change: $1.31 per tonneMonth-to-date average: $74.32 per tonneMetal Bulletin's 58% Fe Premium IndexToday: $61.14 per tonneDaily change: Up by...Read More
Full Article: Criminals smuggling gold into JapanBy: Julian RyallPolice in Nagoya have arrested six people in connection with the latest in a growing number of smuggling attempts. The six men were accused of illegally importing five gold bars on a Japan Airlines flight from Taiwan to Nagoya's Chubu Airport in July 2017.The 5kg of gold had a value of 22.8 million yen (US$210,000) but the smugglers...Read More
While investors are justifiably focused on what may be the opening crescendo of a long overdue sell-off in stocks, there is not, as of yet, as feverish a discussion of the parallel sell-offs in bonds and the U.S. dollar, which have been underway for at least a year and a half in bonds and 14 months for the dollar. I contend that this should be widely understood as the root causes of the jittery...Read More
Continue...Ray Dalio is an American businessman and founder of the investment firm Bridgewater Associates, one of the world's largest hedge funds. In 2012, Dalio appeared on the annual Time 100 list of the 100 most influential people in the world. In 2011 and 2012 he was listed by Bloomberg Markets as one of the 50 Most Influential people. Institutional Investor's Alpha ranked him No. 2 on their 2...Read More
Source: Michael J. Ballanger for Streetwise Reports 02/03/2018 Michael Ballanger discusses the latest developments in the precious metals sector. -->One of the things from which I occasionally enjoy a good chuckle is the insecurity displayed by bloggers or newsletter writers who are constantly in need of positive reinforcement derived by reminding readers of their "incredible market calls."...Read More
On Friday, the market finally woke up to the reality of rising rates.The truth is that Central Banks have been printing money for too long, maintaining "emergency" levels of QE despite the fact the global economy is growing.This has unleashed inflation, which is forcing the bond market to drop. On Friday, stocks finally "got the memo" that conditions are too loose and the US Dollar is falling too...Read More
Source: Jack Chan for Streetwise Reports 02/05/2018 Technical analyst Jack Chan charts the latest movements in the gold and silver markets. -->Our proprietary cycle indicator is up.The gold sector is on a long-term buy signal. Long-term signals can last for months and years and are more suitable for investors holding for long term.Gold sector is on a short-term sell signal. Short-term signa...Read More
We noted earlier that US equity futures were extending losses after the close, but the real panic action is in the volatility complex.Continue...Read More
The downward trend in the CIS export steel billet market slowed down in the week ended Monday February 5 with deal prices remaining largely unchanged week-on-week.Metal Bulletin's weekly export CIS Billet Index was stable at $492 per tonne fob Black Sea on February 5.Ukrainian steelmaker Metinvest offered billet at $490 per tonne fob Black Sea late last week, sources told Metal Bulletin.Market par...Read More
By Keith WeinerSinging the song of rising ratesLast week, we took a break from the theme of the consumption of capital, for our annual Outlook 2018 report. We are going to leave the topic for one more week, while we address a market move which is on everyone's mind.Are interest rates now in a rising cycle?The Fed has been singing the song of rising rates since Yellen hinted at it in September 20...Read More
On Friday, the market finally woke up to the reality of rising rates.The truth is that Central Banks have been printing money for too long, maintaining "emergency" levels of QE despite the fact the global economy is growing.This has unleashed inflation, which is forcing the bond market to drop. On Friday, stocks finally "got the memo" that conditions are too loose and the US Dollar is falling too...Read More
By Ira EpsteinGold closes steady off but caught an after settlement bid as stock indices had a sharp sell-off.https://www.iraepstein.com/ Read More
The Dow Jones industrial average lost nearly 1,600 points briefly on Monday. The Dow also erased its 2018 gains.Continue...Read More
Most Americans have spent the last few years pressed up against the proverbial bakery window, watching the 1% enjoy a life of ever-increasing wealth and seemingly total indifference to the multitudes who aren't favored by zero interest rates, big trust funds and political/corporate connections.The one consolation for the have-nots has been that, by owning few stocks and bonds, they would suffer le...Read More
China's domestic rebar prices rose slightly on Monday February 5 amid a strengthening of the billet market.Domestic Eastern China (Shanghai): 3,860-3,920 yuan ($612-622) per tonne, up 20 yuan per tonneNorthern China (Beijing): 3,920-3,960 yuan per tonne, widened upward by 10 yuan per tonneThe price of billet increased by 20 yuan per tonne over weekend, which gave the spot rebar market a boost.But...Read More
- Shrinkflation continues to take hold across UK, Ireland and US for sixth year running- Shrinkflation sees consumers gets less product, but at the same or increased price- 2,500 products have shrunk according to Office of National Statistics in UK- Reported inflation is between 1.7% and 3% but actually much higher- Shrinkflation is financial fraud, unreported inflation in stealth mode- Gold...Read More
Not strong, not weak but strategically benignBy Michael J. KosaresTrump-Mnuchin qualifiers in dollar statements tell all"While it's [a strong dollar] described as a desirable and intended thing, it might not be a choice. The size of dollar holdings of reserves (in dollar-denominated debt) and the dollar's role as the dominant world currency are anachronisms and large relative to what one would w...Read More
On Friday, the market finally woke up to the reality of rising rates.The truth is that Central Banks have been printing money for too long, maintaining "emergency" levels of QE despite the fact the global economy is growing.This has unleashed inflation, which is forcing the bond market to drop. On Friday, stocks finally "got the memo" that conditions are too loose and the US Dollar is falling too...Read More