Import prices for steel billet in Southeast Asia rose on Friday February 8 after an unexpected surge in offer levels, although trading activity remained slow with some market participants still away for the Lunar New Year.Fastmarkets MB's daily import price assessment for billet in Southeast Asia was $455-470 per tonne cfr Manila on Friday, up $5-10 per tonne from $450-460 per tonne cfr on Th...Read More
What's happening in the economy? Where's the price of gold heading? Should you be worried about an economic decline. What's going to happen in 2019. Our round table answers these questions and many more. We answer some listener questions and let you know where we think things are heading. An important conversation that you need to hear.John Rubino is the founder and manager of the popular financia...Read More
Charles Hugh Smith writes the Of Two Minds blog which covers an eclectic range of timely topics: finance, housing, Asia, energy, long-term trends, social issues, health/diet/fitness and sustainability. From its humble beginnings in May 2005, Of Two Minds now attracts some 200,000 visits a month. Charles also contributes to AOL's Daily Finance site and has written eight books, most recently "Surviv...Read More
Gerald Celente returns from the Trends Research Institute and Globalnomic (R) Trend Forecaster with key insights.Venezuela is on the verge of chaos as President Maduro faces a coup and perhaps even pressure from US military forces.Already over 3 million people have fled the nation.A key method of transferring their wealth remains gold and cryptos, underscoring the significance of safe haven invest...Read More
Eric Sprott has more than 40 years of experience in the investment industry. In 1981, he founded Sprott Securities (now called Cormark Securities Inc.), which today is one of Canada's largest independently owned securities firms. In 2001, Eric established Sprott Asset Management Inc. Over the years, Eric has personally been the recipient of numerous awards and honors, including one of Investor Dig...Read More
"A lot of people who are having mental health issues will often post on their social media pages that they're about to hurt themselves or others," Continue...Read More
Alexandria Ocasio-Cortez has some new suggestions to save the world: force the U.S. to do away with cows and airplanes (for starters). Read More
During President Trump's latest State of The Union speech, he stated that "America will never be a socialist country." However, America is bankrupt precisely because of the massive Socialist policies that it already has. The president then went on to advocate a few new Socialist policies of his own! Ron Paul discusses on today's Liberty Report!Dr. Ron Paul is a physician and former twelve-term con...Read More
David contrasts today's market with that of the bull market of the 1970s. Back then the coinage had just separated from the silver standard to today's fiat standard. People at that time understood this would lead to problems. However, few recognize this fact today. He says, "From a value investor perspective, you need to consider that on an inflation-adjusted basis; silver is cheaper than it has e...Read More
A crucial theme from last year is continuing into this year - stock buybacks. Last year was a banner year for companies buying back their own shares. Continue...Read More
Gold stocks' young upleg is gathering steam, marching steadily to higher lows and higher highs. These bullish technicals are gradually improving sentiment, fueling mounting interest in this contrarian sector. That's helping the gold stocks regain lost ground relative to gold, the driver of their profits. Fundamentals are growing more favorable as gold itself powers higher. All this portends much-b...Read More
Just a few days after the San Fran Fed, that incubator of profound economic insight and blatantly money-wasting research which recently found that record amounts in student Continue...Read More
Zimbabwean gold miner RioZim said on Friday it had suspended production at its three mines for the second time in four months because the central bank had failed to pay it in U.S. dollars for part of its gold deliveries.Gold producers in the southern African country sell their output to central bank subsidiary Fidelity Printers and Refiners and are supposed to be paid 55 percent of their earnings...Read More
Things keep getting worse for pensions...If you've read Notes recently, you know the pension fund crisis is one of our major themes. Simply put, these giant pools of capital Continue...Read More
Ecuador-focused explorer SolGold (LON, TSX:SOLG) said Friday it was "surprised and disappointed" at how quickly Cornerstone Capital Resources (TSX-V:CGP) dismissed a takeover approach, adding that it will bring the offer directly to the target's shareholders.Last month, SolGold put forward what it called a "premium" offer for Cornerstone's 15% share of the Cascabel copper-gold project in exchange...Read More
South Africa's Harmony Gold said on Friday its earnings per share for the first half of the year could be up to 97 percent lower than this time last year.The gold miner said a 915 million rand ($67 million) depreciation charge, lower derivatives gains and unfavourable currency conversion hit earnings, while costs also rose 6 percent.Headline earnings per share - a key profit measure in South Afric...Read More
After decades of tirelessly serving as watchdogs on our behalf against corruption and lack of enforcement in the precious metals markets, the Gold Antitrust Action Committee finally has an ally in Washington DC. Bill Murphy, co-founder of GATA.org returns to Reluctant Preppers to give us his take on the latest upturn in the gold market, and what lies ahead for 2019!Bill Murphy is a former American...Read More
Genesis Metals (TSXV: GIS) announced this week a new resource estimate for the Chevrier gold project near Chibougamau, Quebec.In a press release, the miner said the resource estimate is for both the main Zone and east Zone at Chevrier, which are 10 kilometres apart. Geological data indicate that both zones are located within the Fancamp Deformation Corridor, which is a major structural break that...Read More
Transaction prices for grade-304 cold-rolled (CR) stainless sheet in Europe have increased this week for the first time since mid-2018. The increase is largely the result of firmer nickel costs, which themselves began rising at the start of 2019 after decreasing throughout the second half of 2018. Distributors said that, looking at recent costs, it was clear that alloy surcharges for stainless ste...Read More
Heavy rains in northern Chile, which forced state miner Codelco to halt operations at its Chuquicamata and Ministro Hales copper mines, have also impacted Freeport-McMoRan's El Abra.Codelco, the world's No.1 copper producer, said Friday it had sent its daytime shift of workers home as a preventative measure and would evaluate whether to cancel its night shift as well.Freeport-McMoran (NYSE: FCX),...Read More