By Frik Els Mining and metals investors started the third quarter the same way they ended the second, offloading the sector over fears of the impact of a global trade war. A trade tit-for-tat comes at a bad time just as China, responsible for half the world’s industrial metal demand, enters a period of slower […]
CHARTS: Halfway through 2018 and the mining rally is over Read More »
In the 2016 presidential election, Donald Trump’s two main issues were immigration and unfair trade practices. Immigration has continued to be a hot issue since President Trump was inaugurated in January of 2017. The Perdue-Cotton bill arguing on behalf of favoring skilled workers as immigrants led the news for a while. …read more From:: Resource
By James Rickards This post The Contrarian Position on Emerging-Market Currencies appeared first on Daily Reckoning. In my view, the rout in EM currencies is due for a sharp technical reversal. To understand this coming EM currency rally, we need to understand some fundamentals about foreign exchange markets in general. After decades of studying stock
The Contrarian Position on Emerging-Market Currencies Read More »
By James Rickards This post The Dollar Is a Source of Global Instability appeared first on Daily Reckoning. The dollar constitutes about 60% of global reserves, 80% of global payments and almost 100% of global oil transactions. So the dollar’s strength or weakness can have an enormous impact on global markets. Using the Fed’s broad
The Dollar Is a Source of Global Instability Read More »
This is supposed to be a seasonally bullish period. From the end of quarter window dressing through the July 4 holiday the stock market tilts to the bullish side; not always or every year but generally speaking. Why the markets are open on July 4 is another story, but consider the first and last hour
We could have low volume all week Read More »
December corn futures finished Friday’s session up 5-½ cents, trading in a 10-¼ cent range, trimming losses for the week to 6-¼ cents. Friday’s Commitment of Traders report showed managed money sold 33,313 futures from June 19 to June 26, expanding their net short position to 90,764. …read more From:: Resource Investor
Grains update: Corn, wheat & soybeans Read More »
Mexican Peso bulls were nowhere to be found during Monday’s trading session, despite Manuel Lopez Obrador securing a landslide victory in the presidential elections over the weekend. …read more From:: Resource Investor
Mexican peso bulls nowhere to be found Read More »
By Frik Els The price of platinum plunged more than 5% to touch $811.10 an ounce on New York futures markets on Monday, the lowest since July 2004. Platinum is also trading not far off a record discount to sister metal palladium which was pegged at $938 an ounce, and to gold which also continued
Platinum price plunges to 14-year low Read More »
By David Morgan Get Trading Recommendations and Read Analysis for just $50 per month. The Morgan Report: http://www.themorganreport.com/join The emergence of blockchain technology inspires us to imagine a future where physical weights and measures of pure silver are restored to the global economic system as a superior and sound form of money. This transformation requires
Putting SILVER on a BLOCKCHAIN with Lode Read More »
So, President Trump is using his leverage with the Saudis saying you must replace Iranian oil because we have got your back against your nemesis. The Saudis, of course, must look like any move they make is within the boundaries OPEC and Russia has set. Iran Oil Minister Bijan Namdar Zanganeh said any production increase
Crude: Tweet street Read More »
