"Jim Comey is among William & Mary's most distinguished alumni. He understands to the core of his being that our leaders must have an abiding commitment to ethical behavior and Continue...Read More
Indian local secondary billet prices were showing signs of weakness on Friday January 19 despite making a week-on-week gain of 400 rupees ($6) per tonne.Prices for Indian domestic secondary billet, mainly produced in induction furnaces, ended the week at 32,300-32,500 rupees ($506-509) per tonne ex-mill. This was an increase of 400 rupees per tonne compared with Metal Bulletin's assessment last we...Read More
By Dave KranzlerPeople who look for easy money invariable pay for the privilege of proving conclusively that it cannot be found on this earth. - Jesse LivermoreBoeing's stock has gone parabolic. It's doubled since April 2017:The stock now trades at a 31x PE ratio, for whatever that's worse. I'm sure if I went through the numbers closely, I could find numerous accounting manipulations which added...Read More
Continue...David Stockman is a former Republican congressman from Michigan and was President Reagan's budget director from 1981 to 1985. After leaving the White House, Stockman became a managing director at Salomon Brothers, and he later founded a private equity fund. David is the founder of David Stockman's Contra Corner, and he is the author of The Great Deformation: The Corruption of Capitalism...Read More
Gold is climbing as bond yields rise andthe dollar falls, over speculation that China is pulling back on buying USTreasuries and Japan signals it is winding down its quantitative easingprogram. Meanwhile, US debt continues to grow after the Republicans underPresident Trump pusheda trillion dollars worth of tax cuts through the Senate, that the Congressional Budget Office thinks will add$1.7 trilli...Read More
By David SmithTwo years ago in this space, I penned an essay discussing how Americans - and other countries that are "dollarized" - where the local currency is either the USD or pegged to it - had a significant advantage when it came to getting the most for their money when exchanging dollars for precious metals.Lately I looked into this issue again and the good news is - it's still a good deal....Read More
The UK inter-merchant price range for austenitic alloy steel scrap fell by ?40-60 per tonne this week as both the US dollar and nickel prices weakened, sources said on Friday January 19.Metal Bulletin's weekly price assessment for inter-merchant 18/8 scrap solids in the UK was ?900-940 ($1,247-1,302) per tonne delivered on Friday, compared with ?960-980 per tonne on January 12.The London Metal...Read More
By Avi Gilburt First published on Sunday Jan 14 for members: In 2017, the word "disappointment" took on a new spelling - "G-D-X." After several failed break-out attempts in 2017, there is no question that it provided us a year of frustration.As of Friday, the metals have now give us another indication that a break out attempt may be setting up yet again. And, just like the others we tracke...Read More
The scrap prices in the major markets, other than the United States, have softened in line with weak demand from Turkish steel producers during the working week from Monday January 15 to Friday January 19.However, the US market was also expected to follow the trend, with Baltic Sea and European suppliers having already agreed to sell material to Turkey at lower prices at the end of the week.Turkey...Read More
By Gary SavageToday's video looks at the recent price action in gold and miners with a detailed analysis of the trading difficulties confronting one's human nature. https://blog.smartmoneytrackerpremium.com/ Read More
The world’s leadinggold-stock ETF is nearing a major upside breakout from key technicallevels. GDX is getting closer tochallenging and powering above $25. Thatwould accelerate the sentiment shift in this deeply-undervalued sector back tobullish, enticing investors to return. Goodoperating results from the major gold miners in their upcoming Q4’17 earningsseason could...Read More
By Ira EpsteinGold consolidating but on the defensive.https://www.iraepstein.com/ Read More
Black swans are very surprising and rare events. As they are beyond the realm of normal expectations, it is impossible to predict them. However, analysts do not care about such details and they outdo each other in forecasts. Our favorite is the list of ten outrageous predictions published by the Saxo Bank. The risk events include: the loss of Fed’s independence for the U.S. Treasury, the plu...Read More
Gold bullion tends to rise January and February before Chinese New Year (see table)Gold is nearly 8% and $100 higher since Fed raised rates one month agoOptions traders are bullish and suggest gold has room to run (see chart)Nervous in short term, positive in medium term - gold at $1,500 in 2018From Bloomberg:Gold's breakneck rally eased this week, but tailwinds in both physical and paper marke...Read More
Gold is climbing as bond yields rise and the dollar falls, over speculation that China is pulling back on buying US Treasuries and Japan signals it is winding down its quantitative easing program. Meanwhile, US debt continues to grow after the Republicans under President Trump pushed a trillion dollars worth of tax cuts through the Senate, that the Congressional Budget Office thinks will add $1.7...Read More
Prices for containerized imports of ferrous scrap into India fell this week, with negative sentiment and a drop in demand weakening the market, sources told Metal Bulletin on Friday January 19.Indian import scrap markets achieved their highest prices for more than three years a fortnight ago, but the market undid those gains after a sharp decline in buying activity in Pakistan.Metal Bulletin's ind...Read More
"Growth should see the US hit historic highs above 10 million bpd, overtaking Saudi Arabia and rivaling Russia" Continue...Read More
CloseGain/LossOn WeekGold $1332.20+$5.90-0.43%Silver$17.02+$0.08-1.28%XAU87.97+0.46%-1.28%HUI196.93+0.20%-2.19%GDM662.24-0.01%-1.21%JSE Gold1297.69-11.87-2.53%USD90.67+0.15-0.31%Euro122.19-0.22+0.11%Yen90.42+0.26+0.43%Oil$63.37-$0.58-1.45%10-Year2.661%+0.041+4.43%Bond148.59375-0.84375-1.25%Dow26071.72+0.21%+1.04%Nasdaq7336.38+0.55%+1.04%S&P2810.30+0.44%+0.86% The Metals: Gold gained $11.60...Read More
In 2017, the word “disappointment” took on a new spelling – “G-D-X.”After several failed break-out attempts in 2017, there is no question that it provided us a year of frustration.As of Friday, the metals have now give us another indication that a break out attempt may be setting up yet again.And, just like the others we tracked last year, I am unable to tell you defi...Read More