China imported a record amount of iron ore in 2017

By analyst By Andrew Topf Hunger for high-quality iron ore from Australia and Brazil pushed Chinese imports of the steelmaking ingredient to a record high in 2017. While shipments were down 11% in December, the full-year totals rose 5% to 1.075 billion tonnes, exceeding a billion tonnes for the second year, according to Reuters trade data. “Big miners have expanded their production and shipments while China’s crackdown on illegal furnaces that use scrap for production in the first half spurred demand for seaborne iron ore”: CRU analyst Wang Di “Big miners have expanded their production and shipments while China’s crackdown on illegal furnaces that use scrap for production in the first half spurred demand for seaborne iron ore. Appetite for imported iron ore from Chinese steel mills remains strong,” Hellenic Shipping News quoted an analyst with CRU in Beijing, Saturday. The need for foreign iron ore is explained by China’s … Continue reading

Getting the Market Right: Andy Snyder on Investing in What You Know

By Steve McDonald Transcript: Steve McDonald: Our guest this week is the former Editorial Director of The Oxford Club and the founder of Manward Press, Andy Snyder. He’s here to talk about something unusual – it’s not a fundamental or a technical, which is what we normally talk about here. It’s a philosophy of investing. It’s called “own what you know,” and I’m going to let him explain it. Welcome, Andy. Andy Snyder: Hey, Steve, how are you? SM: I’m great, thank you. And congratulations on your Manward Press, it looks like it’s really tearing up the track. AS: Thank you, it’s been fantastic so far. It started as a passion project – early in the morning and late at night – and it’s blown up into something truly big. SM: That’s great, best of everything going forward. “Own what you know.” What is it? Where did you come up … Continue reading

TheDailyGold Premium Update #552

By Jordan Roy-Byrne CMT, MFTA Saturday evening we published and emailed TDG #552 to subscribers. In this 28-page update we cover a number of things including our detailed technical outlook for Gold, gold stocks and Silver as well as current standing of two sentiment indicators. We also included a report on one of our latest buys (a few weeks ago). The company owns 100% of an economic deposit and its growing. We like everything about the company except one tiny thing that could limit its gains. Nevertheless, we think it can rise 100%-150% from here, with an outside chance at 150%-200% if a few things go right. It is also a strong potential takeover target. …read more Source:: The Daily Gold The post TheDailyGold Premium Update #552 appeared first on Junior Mining Analyst. … Continue reading

Title: The Morgan Report’s Weekly Perspective with David Morgan

By David Morgan Get Trading Recommendations and Read Analysis on TheMorganReport.com for just $50 per month. | http://www.themorganreport.com/join The Morgan Report’s Weekly Perspective | http://www.themorganreport.com The Morgan Report’s Weekly Perspective is our free e-newsletter. Our free e-newsletter will keep YOU in the top 3% of the Informed, the Awake, and the Aware. Join our Free weekly e-letter…http://www.themorganreport.com/joinfreelist I’ve Been Helping My Subscribers Weather the Current Economic Mess. Now I Invite You to Join My Growing Circle of Successful Investors. The Morgan Report is all about YOU and how you can build and preserve Wealth for generations to come. We know it can sometimes seem a daunting task to protect your assets and preserve or grow your wealth. Over 15 years ago, a small group of us started The Morgan Report and formed an exclusive membership organization to promote personal freedom, an honest money system, free market wealth accumulation and asset … Continue reading

I Rode A Self-Driving Car Down The Las Vegas Strip

By Davis Ruzicka This post I Rode A Self-Driving Car Down The Las Vegas Strip appeared first on Daily Reckoning. On Tuesday, I got the chance to ride in a self-driving car — an opportunity only a handful of people in the world have experienced. As I stood outside the Las Vegas Convention Center, home to the Consumer Electronics Show (CES), I hailed a 4.4 mile Lyft to the Aria Hotel. But what started as an ordinary ride soon turned extraordinary with a single pop-up asking if I wanted to try out a self-driving Lyft. You’re damn right I did. And today I want to share my experience… The car of choice was the BMW 540i — a sleek sedan that wasn’t soiled with clunky sensors on the roof or sides. In total, this car had 21 mounted sensors — 9 LiDAR sensors which use light in the form of … Continue reading

Why the U.S. Takes More Generic Drugs Than Any Other Country

By Samuel Taube There aren’t many bipartisan issues in U.S. politics these days… but the need to reduce drug prices is one of them. Whether you live in a red state or a blue state… whether you love President Trump or hate him… we can all agree – our prescription costs are too darn high. The amount Americans spend on prescription drugs per capita is almost twice as much as the Organization for Economic Cooperation and Development’s average. And the difference in the cost of brand-name drugs is even larger. That’s why we take more generic drugs than any other industrialized country, as you can see in this week’s chart. Biotech investors who focus on brand-name drug companies are ignoring the drugmakers that account for more than 80% of prescription volume in the U.S. It’s important to understand how we got to this point – and what it means for … Continue reading

Weekend Show – Sat 13 Jan, 2018

By Cory Comments on Metals, The FANG Stocks, Bitcoin, and Trump’s First Year Download audio file (0113-KER-Weekend-Show-Full.mp3) This was a news heavy week for treasuries with the 10 year touching just under the 2.60% level. We also saw precious metals rise nicely but US markets continued to scream higher. The US Dollar was especially noteworthy as it closed Friday at it’s lowest level since 2014. In the show this week we have some insights on the metals complex from a technical and fundamental side plus comments on cryptocurrencies and the push back on the FANG stocks. This week was also a very busy week for our sponsors and a wide range of metals stocks. Please click on the links below and comment or email with questions or discussion points for management. I do my best to cover companies that have developing story and are vetted by other experts in the … Continue reading

Zinc price hits fresh decade high

By analyst By Frik Els Image: Glencore Zinc hit fresh highs above $3,400 a tonne on Friday, the best level since August 2007 as supply worries intensify and the base metal complex finds support from a robust outlook for global growth. “From the macro point of view, this is not an environment where you’d want to be shorting metals,” Michael Widmer, head of metals research at Bank of America Merrill Lynch, told Bloomberg News from London. Low treatment charges for concentrates, high physical delivery premiums for refined metal and low stockpiles all point to a tight market, Widmer said. LME inventories fell for a 13th week, reaching the lowest level since October 2008. Shanghai exchange stocks have more than halved over the past year. “From the macro point of view, this is not an environment where you’d want to be shorting metals” The metal has more than doubled since hitting … Continue reading

One Big, Potential Catalyst for Gold in 2018

By Jordan Roy-Byrne CMT, MFTA JERSEY CITY, NJ–(Marketwired – May 14, 2014) – Aoxing Pharmaceutical Company, Inc. (NYSE MKT: AXN) (“Aoxing Pharma”), a specialty pharmaceutical company focusing on research, development, manufacturing, and distribution of narcotic, pain-management, and addiction treatment pharmaceuticals, today announced its financial and operational results for the three and nine month periods ended March 31, 2014. Complete financial results can be found in the Quarterly Report on Form 10-Q filed by Aoxing Pharma on May 14, 2014. …read more Source: Market Wired Recent Headlines ‘ data-medium-file=”” data-large-file=”” src=”https://i1.wp.com/thedailygold.com/wp-content/uploads/2018/01/Potential-Big-Catalyst-for-Gold-in-2018_04_opt1-1024×768.jpg?w=150&ssl=1″ alt=”” data-recalc-dims=”1″> The rebound in the precious metals sector continues. Friday, Gold pushed to another new high, near $1340/oz. Gold stocks led by the HUI Gold Bugs Index and GDX also made a new high with juniors and Silver right behind. The greatest traders say the move comes first and then the reason later. When it comes to Gold we … Continue reading

As the Controlled Inflation Scheme Rolls On

By MN Gordon Controlled Inflation American consumers are not only feeling good. They are feeling great. They are borrowing money – and spending it – like tomorrow will never come. After an extended period of indulging in excessive moderation (left), the US consumer makes his innermost wishes known (right). [PT] On Monday the Federal Reserve released its latest report of consumer credit outstanding. According to the Fed’s bean counters, U.S. consumers racked up $28 billion in new credit card debt and in new student, auto, and other non-mortgage loans in November. This amounted to an 8.8 percent increase in consumer borrowing. It also ran total outstanding consumer debt up to $3.83 trillion. US non-mortgage consumer debt – this exercise in admirable restraint seems to have served as a template for corporations and the government. [PT] – click to enlarge. Perhaps this consumer spending binge will finally propel price inflation, as … Continue reading