The state court of Minas Gerais (TJMG), in Brazil's southeastern region, partially suspended on Tuesday April 16 a previous injunction that was keeping Vale's Brucutu iron ore mine halted.The decision came after a request from the municipality of S??o Gon??alo do Rio Baixo, where the mine is located.The Brazilian miner shouldn't be prohibited from running the operations, as that could "severely hu...Read More
Turkish steel producers resumed their deep-sea scrap purchases on Tuesday April 16 at slightly higher prices, but it was still unclear in which direction the market was moving, sources said.A steel mill in the Iskenderun region booked a European cargo late on April 15, comprising 17,500 tonnes of HMS 1&2 (75:25) and 7,500 tonnes of bonus at an average price of $308 per tonne cfr.The cargo was sche...Read More
By Adam Taggart"We are on the precipice of the greatest retirement crisis in the history of the world. And that makes perfect sense because, first of all, we have the largest elderly population in the history of the world.Just focusing on the United States: our elderly are woefully unprepared to retire. And in the decades to come we will witness millions of elderly American's, Baby Boomers and...Read More
By: Keith Weiner, Monetary MetalsLast week, we wrote that regulations, taxes, environmental compliance, and fear of lawsuits forces companies to put useless ingredients into their products. We said:"For example, milk comes from the ingredients of: land, cows, ranch labor, dairy labor, dairy capital equipment, distribution labor, distribution capital, and consumable containers."There are eight n...Read More
By: Jordan Roy-Byrne CMT, MFTA The big picture fundamentals for precious metals have been trending more bullish in recent months as expectations for the Federal Reserve went from a few rate hikes in 2019 to an expectation of a rate cut within the next 12 months. That is aligned with the peak in the 2-year yield and growing concerns over slowing growth globally.However, that doesn't preclude a te...Read More
When the S&Ps took a bold leap on December 26 after plummeting 500 points earlier in the month, few could have imagined what would happen next. It were as though, missing an arm and a leg, a soldier had vaulted from a trench in the heat of the Battle of the Somme and shouted "Vive la France!" In the movie, the soldier is dead before he stumbles and hits the ground. But on Wall Street, U.S. stock...Read More
1. Global stock and bond markets continue to be driven by the macros of a possible trade deal, accommodative central banks, weaker earnings, continued stock buybacks, and rising government debt.2. Gold is driven by these same macros, but it has the additional price driver of seasonal Chindian physical market demand.3. It's currently the soft season for physical demand, but the r...Read More
By: Dave KranzlerLiterally, the wheels are coming off. Panasonic, which supplies batteries that it manufactures for Tesla at the Gigafactory in Nevada announced that it was cutting back on its plans to expand production capacity at the plant. It also announced that it was suspending plans to produce batteries at Tesla's planned Shanghai Gigafactory. In an article in a Japanese business publicat...Read More
By: Ira EpsteinGold trading into a market downtrend, oversold but $1,280 level in play...Read More
Gold and silver are still not out of the bear shadow. If they fall today, then they will crash. India is closed tomorrow. In India this is the biggest holiday week of the year. If Indian gold prices fall, then jewelers will have the best sale of the current year. A hopefully good jewelry sale will result higher Indian gold demand next week. Day traders need to remain on the sidelines today. Tr...Read More
Seaborne iron ore prices continued to follow the downward trend on Tuesday April 16, while the seaborne spot market remained thin. MB 62% Fe Iron Ore Index: $94.78 per tonne cfr Qingdao, down $0.64 per tonne. MB 62% Fe Pilbara Blend Fines Index: $93.56 per tonne cfr Qingdao, down $0.64 per tonne. MB 62% Fe Iron Ore Index-Low Alumina: $96.70 per tonne cfr Qingdao, down $1.87 per tonne. MB 58% Fe Pr...Read More
Financial experts Gordon T. Long and Charles Hugh Smith join FSN for a discussion on what went/is going wrong with the American Experiment. Obviously among the culprits, corrupt government, corporatization, financialization and inflation to name just a few. The solution is very straight forward and simple. Go back to localization, bring back the institutions that once made America great. The mom a...Read More
It's been a while since Mike Maloney has given an update on the 'Death Of The Dollar' as the world's reserve currency. Join him today for a look at some important events that are unfolding right now.Michael Maloney is a precious metals investment expert and historian. He is the founder and owner of GoldSilver.com, a global leader in gold and silver sales/storage and one of the world's most highly...Read More
The Commonwealth of Independent States export slab price slid by mid-April on pressure from the weakening finished flat-steel market in both the CIS and the global market due to subdued buying activity, Fastmarkets learned.Recent slab offers from CIS to Turkey were heard at $500 per tonne cfr, equivalent to $485 per tonne fob Black Sea, while the latest sales to Europe were all finalized at the sa...Read More
In order for the USA to petition a UK court for extradition, the alleged crime MUST be also a crime in the UK. Typically, the charged person will raise Continue...Read More
There was a time when "price stability" - that is, money that buys the same amount of stuff every year - was considered a good thing. But as debts began to Continue...Read More
Jason's talk with Gerald Celente about freedom of speech, the brutal arrest of Julian Assange, Trump, the Brexit freak show, the great awakening and the great escape from human slavery and the legalization of Cannabis.Gerald Celente is a pioneer trend strategist and founder of The Trends Research Institute. He is the author of the national bestseller Trends 2000: How to Prepare for and Profit from...Read More
Continue...Alasdair Macleod is head of research for GoldMoney. He also runs FinanceAndEconomics.org, a website dedicated to sound money and demystifying finance and economics. He has a background as a stockbroker, banker and economist. Read More
China's domestic rebar market participants had mixed reactions toward futures losses on Tuesday April 16. Domestic Eastern China (Shanghai): 4,050-4,130 yuan ($604-616) per tonne, widened by 10-20 yuan per tonne on both endsNorthern China (Beijing): 4,040-4,060 yuan per tonne, up 30-40 yuan per tonneRebar futures fell during the day, market participants responded to it differently. Some of them co...Read More