- Gold currently undervalued- Since 2000, the gold price has beaten the S&P 500 Index- A 'a once-in-a-decade opportunity' as gold-to-S&P 500 ratio is at its lowest point in 10 years.- Reached 'peak gold' as exploration budgets continue to tighten- $80 trillion sits in global equities, a 'ticking time bomb'- Gold remains an appealing diversifier in the current environment of high valuations and u...Read More
By Frank HolmesStrengths? The best performing metal this week was platinum, up 4.3 percent as speculators cut their net bearish platinum positions. After being bullish for the previous three weeks, gold traders and analysts are neutral this week, according to a Bloomberg survey. However, the number of new investors for BullionVault hit the highest level since November 2016, accor...Read More
Current Position of the MarketSPX: Long-term trend - The bull market is continuing with a top expected in the low 3000s.Intermediate-trend - A short-intermediate term top is re-forming at a higher level!.Analysis of the short-term trend is done on a daily basis with the help of hourly charts. It is an important adjunct to the analysis of daily and weekly charts which discusses the course of longer...Read More
Listen to the Podcast Audio: Click Here Mike Gleason: It is my privilege now to welcome in Gordon Chang, author, television pundit, and columnist at the Daily Beast. Gordon is a frequent guest on Fox News, CNBC, and CNN, among others, and is one of the foremost experts on Asian economics and geopolitics, having written books on the subject and it's great to have him back on with us.Gordon, it's...Read More
By Keith WeinerShort-term interest rates have been relentlessly rising since the second half of 2015. For example, 3-month LIBOR was 0.28% in July of that year. It is now 1.7%. This is just a result of the Fed centrally planning our economy, managing our interest rate for us.Long-term rates have not moved. The 10-year Treasury yield in July 2015 was 2.5%. It is now ... 2.5%.The direct result of...Read More
By Graham Summers The market is now officially in the largest bubble relative to the economy in history. Warren Buffett once famously stated that his favorite means of valuing stock was the stock market capitalization to GDP ratio. This was the very metric he used when he decided to avoid investing during the Tech Bubble. Bill King of The King Report notes that based on this metric, stocks ar...Read More
In a recent newsletter John Mauldin wrote: "It is monetary policy madness to raise rates and undertake quantitative tightening at the same time." However, this is exactly what the Fed plans to do in 2018. Has the Fed gone mad?If mad is defined as diverging in an irrational way from normal practice then the answer to the above question is no. The Fed is following the same rule book it has always...Read More
By JP Koninghttps://www.bullionstar.com/People who live in developed nations have grown used to inflation of around 2% a year over the last few decades. Why do prices generally rise by that amount? What drives the purchasing power of money in these countries? Why can't prices stay constant year-over-year rather than increasing?To help answer some of these questions, let's go far back in time. We...Read More
Light automotive production in Mexico hit an annual record high in 2017, at 3.77 million units, the country's automobile association, Amia, said on Monday January 8.This represented an increase of 8.90% from 2016's output of 3.46 million vehicles.This positive result was mostly due to demand from export markets, according to the group.Exports of Mexican light auto...Read More
The seaborne iron ore market received a boost on Monday January 8 froma strong futures market. Key drivers China's Ministry of Industry & Information Technology (MIIT) announced on Monday that no new capacity will be allowed in the steel, cement and flat glass industries, and issued specific requirements for steel mills replacing old with new capacities. The announcement s...Read More
- Gold currently undervalued- Since 2000, the gold price has beaten the S&P 500 Index- A 'a once-in-a-decade opportunity' as gold-to-S&P 500 ratio is at its lowest point in 10 years.- Reached 'peak gold' as exploration budgets continue to tighten- $80 trillion sits in global equities, a 'ticking time bomb'- Gold remains an appealing diversifier in the current environment of high valuations and...Read More
China's ferrous futures prices turned around to surge late in the afternoon on Monday, January 8 after the country's officials declared stricter steel capacity replacement criteria to be implemented from this year.The production facilities that will be allowed to have capacity replaced will only include those recorded in capacity replacement plans approved by local or central governments...Read More
Codelco's Ventanas smelter in Chile achieved record-high copper cathode production in 2017 despite stricter environmental regulations and a more complex global scenario for smelters, the company said on Monday January 8.Ventanas' cathode production reached record levels for the fourth consecutive year. Output totaled 410,024 tonnes in 2017, up by 2,700 tonnes...Read More
Aluminium was the only metal that ended lower at the end of trading on the London Metal Exchange on Monday January 8.The three-month aluminium price ended around 1.2% lower than its pre-weekend closing level at $2,175 per tonne.Around 14,000 lots changed hands by the 5pm close, outpacing copper by about 2,000 lots.Stocks fell a net 3,600 tonnes to 1,095,875 tonnes. Although on-warrant aluminium st...Read More
NFEx Markets' chief operating officer and its most senior director, Mark Bradley, has resigned from the board alongside non-executive director Jim Coupland, filings on the UK's Companies House show on Monday January 8.The over-the-counter base metals trading platform is due to start trading in the coming months.Bradley and Coupland will remain advisers to NFEx alongside former London Metal Exchang...Read More
Turkish steel mills returned to the deep-sea scrap markets willing to pay higher prices on Monday January 8.Metal Bulletin's daily index for Northern European HMS 1&2 (80:20) closed the day at $368.20 per tonne cfr, up by $6.58 per tonne.The daily index for US-origin scrap closed at $378.85 per tonne cfr. Up by $9.34 per tonne, putting the premium for US material...Read More
The latest metal markets news and price moves to start the North American day on Monday January 8.Lead and zinc began the week slightly higher while the rest of the base metals on the London Metal Exchange came under pressure this morning. Zinc was Monday morning's best performer, up $13 to $3,365 per tonne. Aluminium, meanwhile, continued to slip marginally lower, down $12 to $2,193.50 per tonne....Read More
Good morning from Metal Bulletin's office in Shanghai, as we bring you the latest news and pricing stories on Monday January 8.Base metals prices on the Shanghai Futures Exchange were weaker across the board during Asian morning trading on Monday, with the complex coming under pressure from news that researchers at China's central bank have agreed that the time may be right to raise interest rates...Read More
RAPAPORT PRESS RELEASE, January 8, 2018, Las Vegas... RapNet, theworld's leading diamond trading network, will launch a new, upgraded platformtomorrow, January 9, 2018. The upgrade will provide members with a moresecure, intuitive and smarter trading environment. It is the first step in a $5million Rapaport and RapNet development project that will revolutionize theelectronic market for diamonds.&n...Read More
RAPAPORT... Gem Diamonds has recovered two large rough diamonds at itsLet??eng mine in Lesotho, it said Monday. The "high-quality," type-IIa stones weigh 117 (pictured) and 110carats, and both have D color, the company noted. The London-based miner'sshare price jumped about 6% in early trading following the announcement. "While we do not know the final value of the stones, it islikely that good-qu...Read More