Copper is a fairly strong measure of the strength and capacity of the global economy and global manufacturing. Right now, Copper has been under quite a bit of pricing pressure and has fallen from levels above $4.50 (near 2011) to levels near $2.55. Most recently, Copper has rotated higher to levels near $3.25 after President Trump was elected on November 2016, yet has recently fallen a...Read More
The inversion of the yield curve is of crucialimportance as it has historically been one of the most reliable recessionarygauges. Consequently, we invite you to read our today’s article about the historyof the yield curve inversions and find out whether the recession is coming, andwhat does it mean for the gold market. We keep our promises. In the previous edition ofthe Market Overview, we p...Read More
What a wild week it’s been forinvestors. The threat of global trade wars andcurrency wars sparked big swings across all major asset classes. Bond yields dove toward historic lows. Stocks plunged earlier in the week beforerebounding sharply by Thursday. Andprecious metals rode a huge safe-haven wave higher.Gold prices eclipsed the $1,500 levelon Wednesday for the first...Read More
All important factors are finally putting tremendous pressure on the USDollar. The weak economy will result in lower interest rates, thus more downward USD pressure. The enormous USGovt debt will result in further bond dumps in addition to trade settlement outside the USD, thus more downward pressure. The resentment for threatened hot wars, trade wars, economic sanctions, and SWIFT obstructions...Read More
Aug. 9th, 2019(S14-E708)Featured GuestsDr. Stephen Leeb &Arch CrawfordPlease Listen HereInterview RecapArch Crawford, head of Crawford Perspectivesfor 42 consecutive years rejoins the show.Arch's analysis indicates "the best gold buying opportunity in several years... add positions NOW!."If the recent breakout holds as expected, "... the upside could carry gold above $2,000-$3,000+." Slowing...Read More
David HaggithOh my gosh, what a load of BULL I keep reading among the gurus who whine about negative headlines and complain that this unmerited negativity is the only thing that is killing the bull market. Bull.The bellowing bulls cry every time someone runs a negative headline, "Stop, you're breaking our bull market with your negativity. That is the only reason it is going down." The real truth...Read More
By Avi GilburtThe Fed. The China trade deal. The House of Representatives impeachment proceedings. The Iranian aggression. North Korea firing missiles. Slowing growth in the world economy. As you can see, there are many issues worrying investors today. And, as the market moves up and down through these large gyrations these last two weeks, one excuse is paraded out after another.When the market...Read More
America has been gripped with violence for decades. While this is nothing new, the large number of mass shootings in 2019 is part of a growing trend over the last five to ten years. While some politicians seek to exploit every tragedy to push their own agendas, political gridlock prevents much of anything from being done on the national level. The Babylon Bee published a humorous graph illustratin...Read More
"Silver is going to be a home run. It actually just started..."Greg Hunter of USAWatchdog interviews Bill MurphyBill Murphy, Chairman of the Gold Anti-Trust Action Committee (GATA) is most bullish on silver. Murphy says, "For anyone that wants to get involved in precious metals, silver is going to be a home run. It actually just started. . . . Gold goes first because the physical market is tight....Read More
RAPAPORT... Revenue from Angola's national diamond-trading company,Sodiam, rose 3.9% year on year in the second quarter, with the government separately noting an increase in prices. Prices of Angola's diamonds have increased since the implementation of the country's new, more competitive diamond-trading policy last year, the government said in a Facebook post last week. That program allows mi...Read More
RAPAPORT... India's polished-diamond exports slid 18% year on year inJuly, reaching their lowest level since December 2018. The decline reflected aslowdown in the midstream sector as manufacturers struggled to offload excess goods. Rough trading alsodropped significantly, according to data from the Gem & Jewellery ExportPromotion Council. India Trade Data for July 2019Read More
RAPAPORT... Sarine Technologies saw a sharp decline in revenue duringthe second quarter, as an oversupply in the midstream led to lower sales of manufacturing equipment. Sales fell 35% year on year to $11.6 million for the threemonths ending June 30, the Israel-based company said last week. Revenue fromIndia -Sarine's largest market - dropped 32% to $8.2 million. Sales inAfrica plunged 63% to...Read More
Macauhub, an online news service, reported that the share capital held wholly or partially by the government of Angola in 195 different companies will be sold between 2019 and 2022, under the Privatization Program, published in the Diario da Republica official bulletin, as per the Portuguese-language Jornal de Angola. The program states that 175 companies will be sold via public tender, 11 by publ...Read More
Insideretail.asia reported that LVMH has bought a cornerstone share in Stella McCartney House. Full details of the deal will be released in September, however LVMH has confirmed Stella McCartney will continue as creative director and ambassador of her brand, while holding majority ownership. LVMH's archrival house Kering previously held a stake in Stella McCartney House until the celebrity bo...Read More
The luxury market analyst Pam Danziger, writing for Forbes, reported that a new study argues that Millennials are about to radically transform the luxury market by 2025. What Millennials expect from luxury brands is radically different from previous generations, she wrote. The study was by Boston Consulting Group (BCG) and Altagamma, and concerns the United States and China, the world's...Read More
Quality emerges at Galan's blue-chip lithium addressSPONSOREDgalan lithiumSouthern received a construction licence in July to build its controversial US$1.4 billion Tia Maria mine which has planned production of 120,000 tonnes of copper a year for 20 years.Southern said at the time it would not start construction until it had support from local communities, and communities immediately launched...Read More
Quality emerges at Galan's blue-chip lithium addressSPONSOREDgalan lithiumEro Copper ended the second quarter with an improved cash balance of US$35.7 million, and increased its full-year production guidance for 2019 by 2,000t of copper to between 38,000t-40,000t.The company's C1 cash costs per pound of copper were $1.04 in the second quarter. For gold, from the company's NX gold mine, C1 cash...Read More
Quality emerges at Galan's blue-chip lithium addressSPONSOREDgalan lithiumThe six-year review was conducted by the US States Forest Service.The publication of the DEIS triggers a further public consultation process over a 90-day period, which will inform the final environmental impact statement (EIS) and the next steps in the permitting process for the project.Quality emerges at Galan's bl...Read More
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
U.S. equity index futures moved lower this morning. S&P 500 futures were down 16 points in pre-opening trade. Index futures responded partially to a decline in second half earnings estimates for S&P 500 companies by Goldman Sachs and Citigroup due to possible impact of a trade war between the U.S. and China.Canfor (CFP $8.80) is expected to open higher after Jim Pattison's company offered...Read More