Three parallels 1807, 1907 and 2007 that influenced Jim on his investing decisions. What he finds attractive about Russia and why despite India's potential, he would like to see 3 changes India needs to do to attract significant foreign investment.Jim Rogers co-founded the Quantum Fund with George Soros in 1973, helping to steer the fund to a 4200% return before "retiring" at age 37. He is conside...Read More
Portfolio Manager, attorney, finance author, a regular guest on North American media. Danielle Park is the author of the best selling myth-busting book "Juggling Dynamite: An insider's wisdom on money management, markets and wealth that lasts," as well as a popular daily financial blog: www.jugglingdynamite.com. Danielle worked as an attorney until 1997 when she was recruited to work for an intern...Read More
Kevin O'Leary, star of Shark Tank, is not mincing words when it comes to Canadian politics. Speaking on the current government, he said that Canada's future hinges on drastic changes that need happen in parliament."The country is a disaster," O'Leary, chairman of O'Shares ETFs said, noting that another four years of the same leadership would cut the growth rate to zero.Kevin O'Leary is a Canadian...Read More
The price of steel billet imported into Egypt decreased in the week to Thursday July 18 because of lower offers and bids, while demand remained poor because of uncertainty about the application of import duties."Offer prices have fallen but there are no bookings because of the uncertainty about safeguard duties," a local market source told Fastmarkets.In April, Egypt imposed a temporary additional...Read More
Jordan Roy-Byrne, Founder of The Daily Gold joins me to address the the recent moves in silver just this week. With silver finally outperforming gold and closing in the 52 week highs this is another sign of bull market for the metals. The most important comments deal with how to trade this market if you have some cash ready to deploy.Jordan Roy-Byrne, CMT is a Chartered Market Technician and membe...Read More
"It's better to take preventative measures than to wait for disaster to unfold." Continue...Read More
Here at Zero Hedge, we've dedicated plenty of attention to signs of "Japanification" in European bond markets...Continue...Read More
Who knew Rand Paul could be such an effective negotator. One day after the Republican senator and son of Ron Paul was reported to be Trump's liaison to negotiate withContinue...Read More
Silver prices are in for a bid if key levels are broken, this according to Todd Horwitz, chief strategist of BubbaTrading.com."Silver has caught a bid and it looks like it wants to go higher. If this breakout can continue, we can clear $16 or $16.20 [an ounce], then I think we're on our way to $17 and then if we can get through there then I think you're on your way to $20," Horwitz told Kitco News...Read More
The export price for CIS-origin steel billet has tumbled with several new bookings done at lower prices, Fastmarkets heard on Thursday July 18.Fastmarkets' daily steel billet index, export, fob Black Sea, CIS, was $420 per tonne on July 18, down from $425 per tonne the day before. The price was in the range of $422-423 per...Read More
The S&P and Nasdaq closed higher despite a down day for NetflixThe Dow explored a 198-point range on both sides of breakeven today, with the blue-chip index ultimately avoiding a third straight loss thanks to a post-earnings pop for IBM (IBM). Gains for the Dow were modest, though, as a disappointing revenue forecast pressured UnitedHealth (UNH) stock. The S&P and Nasdaq managed to muscle to a win...Read More
One speculator wrote calls to bring the cost of a Dillard's put position down to $1.17MDepartment store operator Dillard's, Inc. (NYSE:DDS) has bounced back from its May-June lows around $56 per share, but the stock is now facing heavy resistance at the 200-day trendline. The moving average has capped multiple breakout attempts over the past year for the retailer, and now has the stock pulling bac...Read More
NFLX is headed for its sixth straight lossOne of the biggest and most surprising earnings losers this morning is Netflix, Inc. (NASDAQ:NFLX), down 9.7% to trade at $328.46 this morning. The streaming giant lost 126,000 U.S. video streaming customers for the first time in eight years, and international subscriber additions came in lower than expected. This has offsetbetter-than-expected second-qua...Read More
ACB is eyeing its worst session since January U.S. stocks are eyeing their third straight close in the red today, as Wall Street weighs a batch of disappointing earnings reports. Three stocks also below breakeven, due to bear notes from analysts, are weed concern Aurora Cannabis Inc (NYSE:ACB), online advertising issue Trade Desk Inc (NASDAQ:TTD), and oil titan Exxon Mobil Corporation (NYSE:XOM)....Read More
BHP expects its Western Australia Iron Ore operations to produce 273-286 million tonnes of the steelmaking raw material on a 100% basis over the next 12 months amid a significant maintenance program at the Port of Port Hedland, from which it ships its cargoes abroad."As part of this, a major car dumper maintenance campaign is planned for the September 2019 quarter, with a corresponding impact expe...Read More
By: Ira EpsteinGold remains in this congestion zone. Will it breakout? Fighting a battle..Read More
Expected interest rate cuts by all the central banks is supporting gold at the moment. European central bank is expected to cut interest rates in September. Trade war theme is still there. In short, all the factors are bullish for gold. Investment demand is on the rise with passing of each week. Economic growth news will be the key. Measures (other than interest rate or different forms of quan...Read More
Czech steelmaker Liberty Ostrava is increasing its steel prices by ?,?20 ($23) per tonne to partially offset an increase in production costs, the company told Fastmarkets on Tuesday July 16. "Recent increases in raw materials and energy costs and the prevailing steel prices in Europe necessitate an immediate response to avoid further margin squeezes for our steel business," the company said.O...Read More
Turkish steel producers remained quiet in the deep-sea scrap markets, awaiting some signs of recovery in the finished steel sector, sources said on Tuesday July 16.The last verified scrap deal was on July 9 when a steel mill in the Iskenderun region booked a UK cargo at $288 per tonne cfr for HMS 1&2 (80:20).Since then, Turkish steel mills have stayed away from the deep-sea markets...Read More