Cables sent from the United Kingdom's Ambassador to Washington, Sir Kim Darroch, to the British Foreign and Commonwealth Office (FCO), which were leaked to Continue...Read More
According to the Institute of International Finance (IIF), China's debt to GDP Ratio is now over 300% at 303%!!China's debt tops 300% of GDP, now 15% of global total - IIF https://finance.yahoo.com/news/chinas...2018 Bank of International Settlement (BIS) Report: Hong Kong, China bank sectors vulnerable to crisis https://www.scmp.com/business/banking...Beijing Lets One Slip: Obscure Data Suggests...Read More
President Trump might be his own man, but not when it comes to John Bolton and Israel. Trump is their man and is again being manipulated into starting a fisticuffs with Iran.Continue...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
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
What is the difference between a recession and a depression? When your neighbor loses their job, it’s a recession. When you lose your job, that’s a depression! Not funny? Do not worry, we won’t make more jokes. Instead, we’ll analyze a new, but very important and powerful recessionary indicator. We invite you to read our today’s article, which discusses the Sahm Unemp...Read More
- RambusA big impulse move that we are currently experiencing right now in the PM complex is separated by several small consolidation patterns that make up the entire impulse leg. Its these small consolidation patterns that give life to a big impulse move because without these little rest stops along the way the impulse move would burn itself out. One should welcome and anticipate these small co...Read More
The gold miners’ stockscontinue to rally on balance, after a major upside breakout extended their strongupleg. That’s driving mounting interestin this recently-forsaken sector. Withthe latest quarterly earnings season underway, traders will soon enjoy bigfundamental updates from the gold miners. They are likely to report good Q2 results, with improving operationalperfo...Read More
The dream of building a new world-class copper-gold mine in Pakistan in an area bordering Afghanistan and Iran has been dashed, for now at least. The saga of Tethyan Copper Co's (TCC) efforts to develop the Reko Diq mine found resolution last week with an International Centre for Settlement of Investment Disputes (ICSID) ruling in favor of TCC following a dispute that has rumbled on for years.TCC,...Read More
The London Metal Exchange has just finished its trial to calculate nickel prices using a volume weighted average price (VWAP) method on the exchange's electronic trading platform. If early indications are anything to go by, metals market participants did not embrace this method of price discovery in the way some had anticipated. For three months since Monday March 18, closing prices for nickel car...Read More
- David HaggithNews of significant recessionary drops in the US became as relentless this past week as the ping, ping, pang of drips from a leaking ceiling hitting pans in the New York Stock Exchange. I've been saying you would hear the sounds of recession everywhere as soon as the second-quarter earnings reporting season began this summer. Here we are, and here's a list of the week's downbeat...Read More
- RambusA big impulse move that we are currently experiencing right now in the PM complex is separated by several small consolidation patterns that make up the entire impulse leg. Its these small consolidation patterns that give life to a big impulse move because without these little rest stops along the way the impulse move would burn itself out. One should welcome and anticipate these small co...Read More
The United States Secretary of Commerce has joined the growing chorus of voices questioning the current method of setting the US Midwest aluminium premium. Wilbur Ross said the US Midwest aluminium premium is at inflated levels that do not justify the cost of transportation and logistical handling costs that it was originally designed to reflect. His view is being echoed by a number of...Read More
Egon says once undervalued and depressed silver breaks-out, the price will explode. Here's why...by Egon von Greyerz of Gold SwitzerlandCONFIDENCE AND EUPHORIA WILL TURN TO FEAR AND DESPAIRInvestors today have Hobson's Choice. But they still don't understand the options open to them.Thomas Hobson had a livery stable of 40 horses in Cambridge in the 16th-17th centuries. But customers only had a cho...Read More
Podcast: Play in new window | DownloadSubscribe: Apple Podcasts | Android | Email | Stitcher | RSSMetals & Markets: Silver whale hunting time...by James Anderson of SD BullionSilver, at last, shows its shiny upside strength, as gold also flexed its spot price this week.The silver spot price blasted up to close the week around $16.25 oz, about a full Fed Note higher than it closed last week. Keep a...Read More
One of the biggest Social Security mistakes I see people make is claim their benefits too early. According to the Center for Retirement Research at Boston College, 60% of seniors are applying for social security benefits before full retirement age. If you turned 62 last year, your full retirement age will be 66 years and six months. Full retirement age will continue to increase in two-month increm...Read More
"This gold-related ETF is crushing the stock market's gains in 2019 - and analysts say the metal has room to run https://t.co/wXVTIvacub"Read full newsRead More
"VIDEO - Our editorial director shares content highlights from the week of July 15 to 19, 2019. If you missed a story this week, now's the time to catch up and get informed. To watch the update click https://t.co/W4lzXDzRja #resource #cannabis #lifescience #tech"Read full newsRead More
Opportunity for new discoveries lies beneath the surface in Western Australia's Pilbara gold region, the nation's top mining jurisdiction.Read full newsRead More