Singing 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 2014. The Fed's fir...Read More
"We cannot tolerate pervasive and persistent misconduct at any bank," Janet Yellen said Friday.Continue...Read More
The big question is if has gold topped out for the short term. Traders are expecting a March interest rate hike by the Federal Reserve after nonfarm payrolls. My 2018 analysis is based on four interest rate hikes this year. I expect gold price to rise despite four interest rate hikes by the Federal Reserve. Only the pace of rise and pace of fall will not be as per trader expectation. Asian gold...Read More
By Clint Siegner The meteoric rise of crypto-currencies, including Bitcoin, captured the attention of many precious metals investors last year. Crypto's potential to serve as private and decentralized currency - beyond the reach of bankers (central and otherwise) to corrupt and control - is an alluring combination for some speculative members of "honest money" crowd. Investors are currently tr...Read More
I've spent over thirty years analyzing markets and have noticed an interesting correlation between the Wall St. Markets (stocks, interest rates) Gold (and the mining shares), the Dollar Index and Oil. In the charts below, I describe what I call "shadows" of the past and how they repeat certain patterns.Right now I know that traders are concerned with rising interest rates, but at this point in the...Read More
By Frank HolmesStrengths? Despite the headwinds of rising interest rates, gold was the best performing metal this week, although down slightly by 1.24 percent. Gold traders are bullish for the fourth week in a row after the yellow metal posted its biggest monthly advance in five months in January, according to Bloomberg's weekly survey. The government of India is presenting a p...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 - Is this an intermediate-term top? Perhaps not yet!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 discusses the course of longer market trend...Read More
Chinese ferro-silicon prices have edged down in line with tender purchase prices in the past week, with the European market easing amid reports of deals heard below the current range. China tracks lower tender purchase prices ...but supportive factors seen European price range eases US market firms while available supply thins Chinese domestic ferro-silicon prices were lower week on...Read More
By Avi GilburtFor 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 market. I believe that the GDX can outperform the general equity market once we confirm a long term break out has begun, and I think we can see it in occur in early 2018. But, that will depend if the ma...Read More
As you are, or should be, aware the big market plunge on Friday came as no surprise to us - it was predicted just a few days before in the article BROAD US STOCKMARKET MELTUP update, in which the point was made that habitual victims Mom and Pop were at last getting stuck into the market, making the danger of a violent reversal even greater.So what now? - does Friday's savage drop mark the start of...Read More
By David HaggithThe sweet grande dame of the central bankster world sees nothing but the brightest future to the furthest horizons for the markets she has been nurturing with her benevolent "wealth effect," as one of her close colleagues called it. While Grandpa Greenspan routinely warns now that stock and bond markets are in bubbles, Grandma Yellen says,I don't want to label what we're seeing a...Read More
Manganese ore prices have climbed higher in the past week, extending a run higher on relatively tight spot availability and consumer demand in China ahead of the week-long national holiday beginning on February 15. Manganese ore markets eye price increases on tight availability and Chinese demandEuropean alloys market extends trend of stable pricesUS silico-manganese prices tick higher Manganese...Read More
As you are, or should be, aware the big market plunge on Friday came as no surprise to us - it was predicted just a few days before in the article BROAD US STOCKMARKET MELTUP update, in which the point was made that habitual victims Mom and Pop were at last getting stuck into the market, making the danger of a violent reversal even greater. So what now? - does Friday's savage drop mark the star...Read More
Tightening supply in China pushed up chrome ore and domestic and imported charge chrome prices in the week to Friday February 2, while the European market dipped and the US price range widened. Tight supply, transport disruptions push up domestic Chinese ore and alloy marketsCharge chrome import prices jump on rand appreciationPrices edge up in JapanEuropean market slips amid thin tradingUS marke...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
The big question is if has gold topped out for the short term. Traders are expecting a March interest rate hike by the Federal Reserve after nonfarm payrolls. My 2018 analysis is based on four interest rate hikes this year. I expect gold price to rise despite four interest rate hikes by the Federal Reserve. Only the pace of rise and pace of fall will not be as per trader expectation. Asian gold...Read More
Amid carnage on stock markets Monday, the most active gold futures contract on the Comex market touched a high of $1,345 an ounce, up 0.6% compared to Friday's settlement. Volumes were massive with nearly 30m ounces of April delivery gold traded by mid-afternoon as gold pared some of its earlier gains.Gold and the US dollar usually move in opposite directions but on Monday the metal attracted buyi...Read More
European apparent steel consumption is forecast to increase by 1.90% year-on-year in 2018 and by 1.40% year-on-year in 2019, European steel association Eurofer said at a seminar held in Brussels, Belgium, on Monday February 5.European steelmakers gained EU market share over the course of 2017, with import volumes falling in the second half of 2017. Steel imports held a 21% share of apparent steel...Read More
Gold projects are no longer the favourite destination of private capital raised for investment in the mining sector as optimism about electric vehicle demand steer funds into battery metals.Private-equity deals in the mining industry bounced back in 2017 according to a new report by UK law firm Berwin Leighton Paisner with investment in the sector jumping by more than 30% to $2.3 billion.43% of fu...Read More
With the Chinese economy slowing down and steel margins being squeezed by higher raw materials costs and lower finished steel prices, the prospects for 2018 do not exactly look rosy.But pressures on the domestic housing market are easing and industrial growth is still above 6%, so with the Chinese New Year just around the corner, it's probably best to wait until after the celebrations to...Read More