Here's one reason why we could still be in the early innings of last week's rally"In a worst-case scenario, a move down to the SPY 245 strike, or SPX 2,450, remains a possibility into June expiration, as the SPY 245 strike is the last of several heavy put open interest strikes below the market... A move below the 270 and 275 strikes would further increase the possibility of a sharp sell-off by Jun...Read More
* Euro zone periphery govt bond yields (Updates prices)By Virginia FurnessLONDON, June 10 (Reuters) - Euro zone government bond yieldsrose on Monday as markets were cheered by the United States'trade agreement with Mexico, though pessimism about globalgrowth has kept yields pinned near multi-year lows.European shares climbed after the United States on Fridaydropped its threat to impose tariffs on...Read More
". @BluejayMining is dual listed on the London AIM Market and Frankfurt Stock Exchange and is primarily focused on advancing the Dundas Ilmenite project an advanced stage ilmenite project in Greenland into production in 2018. We are pleased to have them present at #MJSelect! #MJS"Read full newsRead More
* GRAPHIC-2019 asset returns: (Updates with closing prices)By Eric OnstadLONDON, June 10 (Reuters) - Consumer buying andshort-covering helped aluminium to bounce on Monday from itslowest since January 2017 after data showed an upswing inexports from top producer China, fuelling worries aboutoversupply.Copper and some other industrial metals stabilised on theback of a U.S.-Mexico deal that averted...Read More
The current gold price rally is coming at a perfect time for junior gold miner stocks.Right now, we are just heading into the prime months of the summer drilling season for junior gold exploration companies.The gold rally means that the market's attention will be focused on these stocks as they announce their drilling programs and then report results in the summer and fall.As I described last...Read More
Sibanye-Stillwater said on Wednesday about 3,450 jobs would be lost in the propo...Read full newsRead More
Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. The INK CIN Index began to bounce back from heavily oversold conditions along with world markets. The Index gained 14.25 points and closed strongly, less than a point off the week's highs, at 1092.81. MACD shot up 4.4 points at 1.54. Our short-term momentum indicator RSI surged 15.16 po...Read More
When American businessmen Rich Munson and John Adams made their first trip to Guyana as private investors in 1999 and picked up the rights to the 626 sq. km Toroparu gold concession in a remote part of the Upper Puruni River region, the only way they could access the property was by boat or helicopter."There was one helicopter in the country and it was an old, Russian one that Russia had left from...Read More
June 7th, 2019(S14-E699)Featured GuestsNick Barisheff & Dr. Chris MartensonGuest order by seniorityPlease Listen Here Interview RecapNick Barisheff returns to the show, head of Bullion Management Group (BMG) and author of $10,000 Gold.BMG announced a new hedge fund for pension funds and accredited investors to prepare investors for financial calamity.Nick Barisheff cautions investors to pr...Read More
By: Ed SteerYESTERDAY in GOLD, SILVER, PLATINUM and PALLADIUMThe gold price drifted quietly lower almost from the open of trading in New York at 6:00 p.m. EDT on Thursday evening, with its low tick of the day coming at, or shortly after the 2:15 p.m. afternoon gold fix in Shanghai. It wandered higher without much conviction until the noon silver fix in London -- and then began to head higher...Read More
- RambusIt's hard to believe that the massive H&S consolidation pattern we've been following for several years began to develop all the way back in 2013 during the initial crash off the 2011 high. This weekly line chart shows the price action closing this week right on the neckline at 1350. Note how many touches the neckline has experienced from below with each one backing off. Now the questio...Read More
Well, it didn't take much and it didn't take long. After years of delays, a tentative start, many cautious pauses along the way, and a top speed that never really hit cruising velocity, the Fed has taken the first available off-ramp on the road towards policy "normalization." In a speech on Tuesday this week in Chicago, Fed Chairman Jerome Powell delighted Wall Street by signaling that the Fed m...Read More
"Consider trade protectionism. It's been tried - and found wanting - since the Great Depression." Elaine Chao, U.S. Secretary of Transportation 2017-, Secretary of Labour 2001-2009, Republican Party member, Spouse Mitch McConnel, b. 1953 "As we learned after President Herbert Hoover signed the Smoot-Hawley tariff at the outset of the Great Depression, vibrant international trade is a key compon...Read More
Dear RayIncome and Wealth InequalityIs Capitalism the Problem?Boston, New York, and ???"The ideas of economists and political philosophers, both when they are right and when they are wrong, are more powerful than is commonly understood. Indeed, the world is ruled by little else. Practical men, who believe themselves to be quite exempt from any intellectual influences, are usually slaves of some...Read More
Domestic rebar prices in Brazil fell during May as leading steelmakers battle with new participants for market share amid low domestic demand, retreating from announced price increases.Fastmarkets' domestic rebar price assessment was 2,450-2,600 Reais per tonne delivered on June 7, down from 2,600-2,720 Reais per tonne a month prior. The bottom of the price range is at its lowest for this year.Lon...Read More
June 7th, 2019(S14-E699)Featured GuestsNick Barisheff & Dr. Chris MartensonGuest order by seniorityPlease Listen Here Interview RecapNick Barisheff returns to the show, head of Bullion Management Group (BMG) and author of $10,000 Gold.BMG announced a new hedge fund for pension funds and accredited investors to prepare investors for financial calamity.Nick Barisheff cautions investors to pr...Read More
By: Ed SteerYESTERDAY in GOLD, SILVER, PLATINUM and PALLADIUMThe gold price drifted quietly lower almost from the open of trading in New York at 6:00 p.m. EDT on Thursday evening, with its low tick of the day coming at, or shortly after the 2:15 p.m. afternoon gold fix in Shanghai. It wandered higher without much conviction until the noon silver fix in London -- and then began to head higher...Read More
- RambusIt's hard to believe that the massive H&S consolidation pattern we've been following for several years began to develop all the way back in 2013 during the initial crash off the 2011 high. This weekly line chart shows the price action closing this week right on the neckline at 1350. Note how many touches the neckline has experienced from below with each one backing off. Now the questio...Read More
Well, it didn't take much and it didn't take long. After years of delays, a tentative start, many cautious pauses along the way, and a top speed that never really hit cruising velocity, the Fed has taken the first available off-ramp on the road towards policy "normalization." In a speech on Tuesday this week in Chicago, Fed Chairman Jerome Powell delighted Wall Street by signaling that the Fed m...Read More
"Consider trade protectionism. It's been tried - and found wanting - since the Great Depression." Elaine Chao, U.S. Secretary of Transportation 2017-, Secretary of Labour 2001-2009, Republican Party member, Spouse Mitch McConnel, b. 1953 "As we learned after President Herbert Hoover signed the Smoot-Hawley tariff at the outset of the Great Depression, vibrant international trade is a key compon...Read More