Silver as an investment

Category Archives: Copper

Selloff Accelerates As Trump Fears Mount: “The Market Will Revert To Much Higher Volatility”

European and Asian stocks slumped on Thursday following the worst one-day drop in US stocks in 8 months, while S&P futures tumbled to session lows, down 0.3% to 2,350 after initially posting a modest rebound, following a new Reuters report alleging that Trump campaign members communication with Russians on at least 18 occasions, and which […]

Euro Surges As Trump Fears Slam Dollar; Futures Poised For New Records

In a replica of Monday’s early trading, European shares are down, this time led by health-care stocks even as the Euro surges above 1.1050, the highest level since the US election. Asian equities rose, while S&P futures were unchanged although we expect the ramp to kick in any second, and take the NASDAQ to another […]

Oil Surges After Saudis, Russians Agree To 9 Month OPEC Output Cut Extension; US Futures Flat

In an otherwise quiet session in which European shares dropped, Asian equities rose and S&P500 futures were little changed, crude oil surged above $49 on high volume, after the Saudi and Russian energy ministers said in Beijing they favor extending the OPEC production cut for 9 months, though the end of Q1 2018. WTI rose […]

Junior Miners ; Big loss presents opporunity, says Joe Friday

Junior Miner ETF has had a rough go of it the past 90- days. Could that large decline, present an opportunity? Below looks at the performance of GDXJ over 90-day windows since inception. CLICK ON CHART TO ENLARGE GDXJ has fallen nearly 25% over the past 90-days. When GDXJ has been down this hard in […]

Markets All Too Quiet Ahead Of Inflation, Retail Sales Data

Asian stocks and S&P futures are both feeling the weather this morning, while European stocks are little changed as traders have decided to hold back until today’s key US CPI and retail sales data is released in under two hours. Commodities have posted another modest rebound, driven by a rise in metal prices that has […]

Europe, US Futures Slip Despite Brent Bouncing Back To $51

Asian stocks rose lifted by commodity names; European equities trade mostly lower but with little in the way of conviction or firm direction while the Italian banking index is at the highest level in a year following domestic earnings; S&P index futures are modestly in the red after the cash market closed at a record […]

Some Chinese Banks Suspend “Interbank Business” As Regulator Demands That Collateral “Actually Exists”

With “risk” in most of the developed world seemingly a long forgotten four-letter word, as seen by today’s plunge in the VIX to a level not seen in 34 years, traders hoping for some “risk event” have been confined to the recent turmoil in China, where overnight not only did trade data disappoint, with both […]

Mining CEO Explains Why Silver Could Reach Over $136

Authored by Simon Black via SovereignMan.com, His remarks started off like dozens of presentations that I had heard so many times before. . . “Without silver,” began the speaker, “our entire society would go back to the Stone Age.” The speaker was the CEO of one of the largest silver mining companies in the world, […]

Oil Fireworks Unsettle Global Markets Ahead Of Payrolls Report

With all eyes on crude, following last night’s mini flash crash which sent WTI lower by 3% from just above $45 to under $43 in under 10 minutes, equity markets, generally quiet overnight, have taken on a secondary importance ahead of today’s key risk event, the April payrolls report (full preview here). In global equities, […]

“Someone Is Blowing Up”: RBC Warns China-Induced Unwinds Are Escalating

"Something is off," warns RBC's head of cross-asset strategy Charlie McElligott in the introduction to his latest market noting that the swing in US fiscal policy optimism is coming at a critical time as the China's liquidity tightening is spooking the reflation story. SUMMARY: Movement on US fiscal policy is currently driving US rates and […]