Yen Surges As Jittery Traders Expect Imminent Intervention After Japan Reveals New Strategy To Wipe Out Shorts

An Israeli strike in southern Gaza on Tuesday killed a nine-year-old boy, according to the Palestinian news agency WAFA, as the Israeli military continues its constant violations of the US-backed ceasefire deal. The boy, identified as Adel Al-Najjar, was killed when an Israeli aircraft targeted Khan Younis. Photos show Palestinians mourning him during a funeral […]

Coking Coal Prices Surge 25%, Squeezing India's Steelmakers Submitted By Charles Kennedy of OilPrice.com Indian steelmakers are reeling from a jump in coking coal prices this year that is squeezing their margins and delaying capacity expansion in the steelmaking industry, analysts and industry executives tell Reuters. India relies on imports for as much as 95% of its coking coal, or metallurgical coal, demand. Metallurgical coal is a grade of coal that is one of the essential raw materials in the steelmaking process. Also known as met coal, this type of coal contains...

Uh-Oh, Silver! Authored by Adam Sharp via DailyReckoning.com, One year ago, silver was trading at around $36 per ounce. Today the price is around $60. Normally, that’d be considered a win. But over those 12 months, we silver bugs have been on a wild ride. Simply incredible price action. From $36 to $119 in about 8 months. And now back down to $66. I believe the silver bull market still has years to run. Maybe even another decade. Today, let’s explore why. +$16 Since 1980? Silver first reached $50 way back in 1980. Of course, silver’s miraculous 1971-1980...