CloseGain/LossGold $1352.10+$22.80Silver$16.87+$0.30XAU85.50+5.49%HUI189.40+4.96%GDM641.91+4.24%JSE Gold1173.26+2.95USD88.95-0.74Euro124.58+1.07Yen93.49+0.71Oil$60.60+$1.4110-Year2.911%+0.082T-Bond143.50-1.0625Dow24893.49+1.03%Nasdaq7143.62+1.86%S&P2698.63+1.34% The Metals: Gold gained $7.60 to $1336.90 in Asia before it dropped back down to $1318.50 just after this morning's inflation dat...Read More
Iron ore prices jumped to more than $78 per tonne cfr China on Wednesday February 14 despite inactive physical trading. Metal Bulletin's 62% Fe Iron Ore Index Today: $78.41 per tonne cfr Qingdao Daily change: up by $1.05 per tonne Month-to-date average: $76.19 per tonne Metal Bulletin's 58% Fe Premium Index...Read More
By Frank HolmesThe U.S. has been a net importer of energy since 1953, but that's set to change early next decade, according to the Energy Information Administration (EIA). In its highly anticipated Annual Energy Outlook 2018, the agency forecasts that the U.S. will become a net exporter of energy by as early as 2022, thanks in large part to the boom in shale oil and liquefied natural gas (LNG) p...Read More
As I've been stating for weeks now, inflation is the big theme for 2018. Even the Fed's ridiculous CPI measure is coming in higher than expected (though real inflation is now at 3%).Why is this a big problem?Because inflation is going to:1) Either blow up the Everything Bubble2) Force Central Banks to become more hawkish, thereby draining liquidity from the stock market.As I outlined in my...Read More
The market finally had a pullback. Was it just a 3 day event or is this just the beginning? Paper profits aren't real money until you sell or liquidate. It's always better to sell before the crash, but why are so few unable to execute? It's all tied into the human psyche. Dopamine is so good, we want the good times to keep rolling along. But they don't and you need to be prepared. Otherwise, you'l...Read More
By Ira EpsteinGold rallies sharply off of inflation as shown in today's US CPI numbers.https://www.iraepstein.com/ Read More
VANCOUVER, BRITISH COLUMBIA / February 14, 2018 / MGX Minerals Inc. ("MGX" or the "Company") (CSE: XMG / OTCQB: MGXMF / FKT: 1MG) is pleased to announce the Company has commenced joint brine testing with four Chilean mining companies at multiple salars (the "Projects") located throughout Chile. The Projects are at various stages of development. The purpose of joint testing is to provide a basis...Read More
Bids for seaborne iron ore rose despite little trading on Wednesday February 14, the last working day before the Chinese Lunar New Year holiday.Key driversChina's ferrous futures prices largely continued to advance, with the benchmark iron ore contract still outshining other products, ending 2.6% higher than the preceding day's settlement.Bids for seaborne cargoes of 62% Fe Australian fines rose a...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 wounds is highly crit...Read More
As I've been stating for weeks now, inflation is the big theme for 2018. Even the Fed's ridiculous CPI measure is coming in higher than expected (though real inflation is now at 3%).Why is this a big problem?Because inflation is going to:1) Either blow up the Everything Bubble2) Force Central Banks to become more hawkish, thereby draining liquidity from the stock market.As I outlined in my...Read More
*Peter's audio volume improves around the 7:00 minute mark.The interview covered many topics from government debt, gold, bitcoin, fiat currencies like the US dollar, trade deficits.Peter Schiff is an internationally recognized economist specializing in the foreign equity, currency and gold markets. Mr. Schiff made his name as President and Chief Global Strategist of Euro Pacific Capital. He freque...Read More
Self-destruction usually happens in stages. At first there's a binge in which the thrill outweighs the sense of transgression. This is usually followed by remorse, acknowledgement of risks, and an attempt to reform. But straight-and-narrow is exhausting, and because of this is frequently just temporary, eventually giving way to a kind of capitulation in which the addict drops even the pretense o...Read More
Full Article: Raising Rates Reflect Bigger Debt Not Faster GrowthBy: Peter SchiffWhile 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...Read More
Our articles, Technical Trading Mastery book, and 3 Hour Trading Video Course are designed for both traders and investors to explore the tools and techniques that discretionary and algorithmic traders need to profit in today's competitive markets. Created with the serious trader and investor in mind - whether beginner or professional - our approach will put you on the path to win. Understandin...Read More
Iranian steel billet export prices narrowed upward by $5 per tonne over the week ended Wednesday February 14, with deals being reported at the higher prices.Metal Bulletin's weekly price assessment for Iranian billet exports was $490-495 per tonne fob on February 14, against $485-495 per tonne fob a week earlier.Market participants reported several cargoes of Iranian billet being sold...Read More
By Jeff ClarkThere aren't many investment scenarios you can point to with any degree of certainty and say, "This asset is going to rise." Saying so is usually fraught with risk, even if in hindsight it turns out to have been an accurate call.But there are certainly times when you can see that the odds are heavily stacked in your favor. And we have one of those potential scenarios right now in go...Read More
We are entering unprecedented economic times. Stocks are at all-time highs, but markets are jumpy. Interest rates are rising, which may impact bonds in ways he haven't seen for a generation. Find out the best way to navigate this landscape in this episode with Bert Dohmen, Robert & Kim.Robert Kiyosaki is best known as the author of Rich Dad Poor Dad, the #1 personal finance book of all time. His b...Read More
There aren't many investment scenarios you can point to with any degree of certainty and say, "This asset is going to rise." Saying so is usually fraught with risk, even if in hindsight it turns out to have been an accurate call.But there are certainly times when you can see that the odds are heavily stacked in your favor. And we have one of those potential scenarios right now in gold.It's a rathe...Read More
"I have therefore come to the decision to resign as the president of the Republic with immediate effect, even though I disagree with the decision of the Continue...Read More
China's rebar futures prices saw limited increases on the last trading day ahead of the New Year holiday, while spot prices were unchanged.Domestic Eastern China (Shanghai): 3,860-3,920 yuan ($613-623) per tonne, unchangedNorthern China (Beijing): 3,950-3,990 yuan per tonne, unchanged Spot prices held steady since most market participants started their break well in advance of the Februa...Read More