Under the cloud of the continuing US/China trade dispute, which has no end in sight and is weighing on global economic activity, market sentiment is subdued. But numerous events are buffeting prices - with nickel supported by short-covering and fresh buying against concerns about present and future supplies, while copper mine supplies may be affected by strikes at ports in Peru. Zinc and tin, rema...Read More
Key data from the pricing sessions in Asia and Europe in the week ended Friday August 9. China Key drivers The price of antimony MMTA standard-grade II, ddp China ended a month of stability last week, dropping after some domestic suppliers lowered their offer prices to secure sales. Concerns over the possible outflow of antimony stocks held in Fanya Metal Exchange warehouses in the nea...Read More
A summary of the financial results for Austrian steelmaking group Voestalpine for the first quarter of its 2019-20 year, April 1 to June 30.In briefEarnings were down due to the fallout from international trade conflicts and the growing weakness of the global economy, which affects Europe's export-oriented industries.Profit margin came under presure from strong increases in...Read More
The Chinese ferro-silicon market softened over the past week in line with weaker demand, in turn fueling expectations of further price weakness in the near term.In Europe, however, the ferro-silicon market was steady after recording a small bounce in the prior week after suppliers held their offer prices ahead of expected uptick in demand. Chinese market prepares for further losses Europe awaits r...Read More
The upward momentum in global ferro-vanadium markets stalled in the week ended Friday August 9, with prices in Europe and China edging down. Chinese, European FeV prices edge down after spot activity slows V2O5 prices weaken in China while European market continues to riseUS ferro-vanadium prices soften amid renewed activityAfter rising for three consecutive weeks, the export price for ferro-vanad...Read More
UG2 chrome ore prices broke their four-week rally after the depreciation of the Chinese yuan raised purchasing costs for the country's importers. UG2 chrome ore prices down by $1 per tonne in China Domestic, imported ferro-chrome prices hold in China Low-carbon ferro-chrome prices halt their decline in Europe High-carbon ferro-chrome prices unchanged in Europe US high-carbon ferro-chrome market re...Read More
Last week was another strong one for the precious metals sector.Gold gained a whopping $51/oz or 3.5%. The gold stocks (GDX, GDXJ) advanced by roughly 6%. Silver gained 4%.Momentum in the sector began to build once Gold surpassed resistance at $1420-$1425/oz. We had noted the lack of resistance from $1425 to $1525-$1550/oz.Gold has not reached $1550/oz yet but as it inches higher, some technical a...Read More
Last week was another strong one for the precious metals sector.Gold gained a whopping $51/oz or 3.5%. The gold stocks (GDX, GDXJ) advanced by roughly 6%. Silver gained 4%.Momentum in the sector began to build once Gold surpassed resistance at $1420-$1425/oz. We had noted the lack of resistance from $1425 to $1525-$1550/oz.Gold has not reached $1550/oz yet but as it inches higher, some technical a...Read More
Craig HemkeAs global interest plummets to historically negative levels and as the U.S. bond market reveals a deeply inverted yield curve it's time again to assess what all of this means for the precious metals investor.Just yesterday, a fellow on CNBC remarked that "no one had seen this coming". By "this", he meant a sharp rally in both gold and bonds. Oh really? We write these articles for Spro...Read More
By: Ira EpsteinGold still up on the week. This pullback may not have been a cap on the gold rally. Was this a one day event?Read More
Trump and his delay of additional trade tariff will not have any impact on gold and silver. Yesterday's fall was just an excuse to book some profit. Long term bullish factors such as de-dollarization, central bank buying and interest rate cut trend is here to stay. Even corrections up to $1370 (if any) will be a part of the bullish trend. Silver will rise. I do not foresee it falling below $158...Read More
Gregory Mannarino started his financial career working for the securities and trading arm of the now defunct Bear Stearns before the dot-com bubble. He is an active trader of the capital markets and has published several books pertaining to finance, global economics, and equity trading; His most recent book is titled Ultimate Guide To Money and The Markets (free ebook). Gregory currently hosts a b...Read More
Jim Welsh believes we're in the midst of an economic slow down, but he's not ready to call it a recession. Global manufacturing has been slowing down for the past year, in large measure due to tariffs. But the service economy is another story. In the US, Europe and China this sector has been quite strong and resilient. Jim thinks we're going to start seeing weakness in services soon, but we'll hav...Read More
"We have gone from 100% confidence in central banks in 2009 . . . that notion has been completely eradicated, eviscerated and obliterated. The faith in central banks, European Central Bank, Bank of Japan and the Fed is almost completely gone. If you want proof, look at the dollar price of gold, and look at the price of gold in all other currencies around the world that it is measured in."Michael P...Read More
A feature full-length WSJ story today confirms Washington's worst fears over controversial Chinese telecommunications giant Huawei. Though it's been no secret that Chinese corporationsContinue...Read More
A Google insider who anonymously leaked internal documents to Project Veritas made the decision to go public in an on-the-record video interview. The insider, Zachary Vorhies, decided to go public after receiving a letter from Google, and after he says Google allegedly called the police to perform a "wellness check" on him. See the documents Zach leaked to Project Veritas in June: https://youtu.be...Read More
Links to slides and sources: https://www.itmtrading.com/blog/crisi...It's now becoming blatantly obvious that the 3 major crash indicators I've been talking about since earlier are heating up the economic crisis which has already started. Everyone wants to know right before it happens and everyone asks me to tell them what I'm doing. Well it's already happening, and I'm personally putting my dolla...Read More
Continue...Gerald Celente is a pioneer trend strategist and founder of The Trends Research Institute. He is the author of the national bestseller Trends 2000: How to Prepare for and Profit from the Changes of the 21st Century and publisher of the internationally circulated Trends Journal newsletter. Gerald Celente is a political atheist. Unencumbered by political dogma, rigid ideology or conventio...Read More
David Moadel is a trader and investor of stocks and options. A former elementary school teacher, David has a master's degree in education and a unique ability to convey knowledge in the area of finance. He has coached many people and likes to combine fundamental and technical analysis to help people find their own trading style.Read More