With his first year in office drawing to a close, the US president has been talking up his economic record in typical Trump style. But one man who does not share Trump's optimism is former congressman Ron Paul. He told RT the growth is not even for all people.Dr. Ron Paul is a physician and former twelve-term congressman from Texas who ran for president in 2008. He is the author of eight books, in...Read More
The paradoxical technical situation for oil that we highlighted in the last update has continued - and has gotten even more extreme. In that update we concluded that oil's very bullish volume indicators pointed to its continuing to advance, despite COT and Hedgers charts and sentiment indicators showing extremes that would normally call for a reversal to the downside, and that is what has happen...Read More
The Turkish deep-sea scrap market remained quiet on Wednesday January 3, with supply still tight, according to market sources.Turkish mills were expected to book more cargoes for February but the suppliers were largely out of the market."Scrap collection is slow due to heavy winter conditions and holiday...Read More
By Gary ChristensonFinancial sanity and stability may not return, but we can protect our assets and learn from the discussion.The DOW, S&P500, NASDAQ and other markets sell at all-time highs. However, many imbalances exist within our financial world.This is not new - things have been crazy before, are now, and will be again. But to regain financial sanity we need:From "Doug Casey on the New Fed...Read More
By Rory HallDr Warren Coats, former Chief of the SDR with the title Assistant Director of the Monetary and Financial Systems Department at the IMF penned an article on a return to the gold standard in 2013 - A Hard Anchor for the Dollar. Not a classic gold standard, but an "updated version" of a gold standard that would allow for entities like the IMF, World Bank and BIS to stay involved and b...Read More
By Avi GilburtAs Ecclesiastes notes, "There is nothing new under the sun." This, too, applies to the stock market.The average investor trap is the same throughout whatever period you wish to review. Markets become overexuberant, see a correction, sentiment resets, and markets rally on to their next phase of overexuberance. It is really that simple. Yet, we overcomplicate matters by relying on ec...Read More
Iron ore prices rose just short of $75 per tonne cfr China on Wednesday January 3 despite a retreat in the Chinese steel and futures markets.Metal Bulletin's 62% Fe Iron Ore Index Today: $74.97 per tonne cfr QingdaoDaily change: up by $0.26 per tonneMonth-to-date average: $74.84 per tonneMetal Bulletin's 58% Fe Premium Index...Read More
By BullionStarhttps://www.bullionstar.com/Throughout gold rush and gold mining history, the discovery of a large gold nugget is a phenomenon which always causes excitement throughout a mining community as well as capturing the wider public's imagination. It has probably something to do with so much gold being found at the same time, often with relative ease.Gold nuggets can be found in alluvial...Read More
By Frank HolmesAs we begin a New Year, I want to share with you the five most popular Frank Talk posts of 2017. One common theme you'll see in these posts is they all center on the topic of gold. Although we specialize in educating investors about gold and managing gold funds, it's worth noting that our gold posts garnered more interest than our bitcoin and blockchain posts in this year of crypt...Read More
The seaborne iron ore market continued to see thin trading with prices staying rangebound on Wednesday January 3 amid losses in China's steel and futures markets.Key driversChina's benchmark steel and iron ore futures contracts posted a short-lived uptick in the morning before trending downward after that to end the day in negative territory.The weathervane billet price in Tangshan fell 50 yuan ($...Read More
With this evening's robust extension of the rally begun from 1238.30 three weeks ago, buyers have finally made February Gold's chart look interesting encouraging, even. The move earlier in the day through the 1314.00 midpoint resistance, coupled with the so-far slight progress tonight above September's 1321.00 'external' peak, has put the 1389.60 target of the pattern in play. It would become...Read More
The U.S. Dollar is not ruling the seas of global commerce anymore. In 2018, non-Dollar platforms will continue the Dollar's decline, Dr. Jim Willie tells Silver Doctors.The Dollar has been the world reserve currency for decades, but the increase of non-Dollar trade is threatening the Dollar's dominance.Jim Willie is a statistical analyst in marketing research and retail forecasting. He holds a PhD...Read More
- Gold posted second straight annual gain in USD in 2017- Gold in 2017: up 13.6% USD, up 2.7% GBP, down 1.4% EUR- 2017 is gold's best year since 29.5% gain in 2010- Strong performance despite rate hikes and stock bubble - India's gold imports surged 67% in 2017, Turkish, Chinese demand strong- Gold finished 2017 with longest rally since June 2016- 2018: Currency War and The Year of the Phoeni...Read More
FOMC minutes and other market moving US economic data releases are there till Friday. US December jobs numbers will positively affect the US dollar only if they indicate an interest rate hike in March. All incoming US economic data releases need to be looked from a March interest rate hike perspective. The US dollar will get another wave knock down if there is any indication of an interest rate...Read More
China's domestic rebar prices dropped on Wednesday January 3 amid sparse trading. Domestic Eastern China (Shanghai): 4,250-4,300 yuan ($654-662) per tonne, down 30 yuan per tonneNorthern China (Beijing): 4,010-4,040 yuan per tonne, down 10 yuan per tonneBuyers slowed down on their procurement during the day on seeing the weakness in the futures market. The drop in demand in turn...Read More
The US is about to experience one of its biggest social and economic changes in generations.And the story of Desert Hot Springs, California, is the key to understanding it all...Continue...Read More
"In 2017, @ChurchofSatan & I were put on a few threads together.""In 2018, it's... @Hooters. What a time to be alive Chrissy!""It's been so long! Happy New Year!"Continue...Read More
Gold Bullion Prices Have Best Year Since 2010 With Near 14% Gain In 2017– Gold posted second straight annual gain in USD in 2017– Gold in 2017: up 13.6% USD, up 2.7% GBP, down 1.4% EUR– 2017 is gold’s best year since 29.5% gain in 2010– Strong performance despite rate hikes and stock bubble – India’s gold imports surged 67% in 2017, Turkish, Chinese...Read More
There are very few sellers leftThere were very few sellers left in January 2016 when the devastating “forever bear” was about to end. Six months later and a 150% rebound in the large caps and 200% rise in the juniors (GDXJ) provided sellers an opportunity. They drove the miners and juniors down by 40% to 45% in less than five months. However, both GDX and GDXJ have been able to hold ab...Read More
The most important piece of evidence that the next great bull market in gold has begun is the technical behavior of the prior bear market itself.Continue...Read More