Traders will prefer to be long gold than short gold. I was hoping that sense will prevail in Trump and that a trade deal would be done with China on the weekend. Trump tweets suggest that he has refused to budge and will not budge for the rest of the his term which ends in January 2021. It is very difficult to predict the real long term impact of the US-China trade on China and rest of the wor...Read More
The price range for CIS export slab has narrowed downward by $5 per tonne fob week on week, amid a weak market for finished steel, Fastmarkets heard on Monday May 13.Fastmarkets' weekly price assessment for CIS export slab was $450-460 per tonne fob on May 13, down from $450-465 per tonne fob a week earlier.CIS-origin slab offers to Europe were heard at $480 per tonne fob, market participants said...Read More
Domestic prices for rebar in eastern China dipped on Monday May 13 amid high selling interest among stockists. Domestic Eastern China (Shanghai): 4,040-4,080 yuan ($592-597) per tonne, down 10 yuan per tonneNorthern China (Beijing): 3,910-3,960 yuan per tonne, unchangedSellers in eastern China lowered their prices slightly to secure more sales in an effort to destock. Many stockists are worried th...Read More
Kent Collier and Sarah Gefter of credit research firm www.reorg.com call in to discuss the latest happenings in distressed debt.3:51 2007, then and now7:16 Taking inventory of the cycle12:51 The J. Crew "trapdoor." Innovation or gimmick?18:02 Deteriorating accounting standards20:38 Issues that might ring the bellJames "Jim" Grant is an American writer and publisher and the founder of Grant's Inter...Read More
If the economy looks so great then why would anyone be worried about it. As John and Andy point out there's lots to worry about and that's why gold prices are breaking $1300 yet again. No doubt, President Trump will pull another rabbit out of a hat with China Trade, but then what? Debt keeps going up and so do entitlements and the demise of social security is just around the corner. And it's not m...Read More
Greg Weldon of Weldon Financial joins Chris Gleason for a sensational interview on how he views the precious metals now and which one he favors over the others. Plus, Greg has some warnings about why a failure to finalize a trade deal with China very soon could be very problematic for the U.S. stock market. So, be sure to stick around for one of our very favorite guests, Greg Weldon, coming up aft...Read More
"We're living in a complete and total farce."Gregory Mannarino started his financial career working for the securities and trading arm of the now defunct Bear Stearns before the dot-com bubble. He is an active trader of the capital markets and has published several books pertaining to finance, global economics, and equity trading; His most recent book is titled Ultimate Guide To Money and The Mark...Read More
SBTV had a great conversation with the fiery and straight-talking Gerald Celente, Founder of the Trends Research Institute, about how he forecast the 1987 Black Monday crash, the lack of independence of the Federal Reserve and also the 2020 US Presidential elections.Discussed in this interview:02:12 "I became a political athethist thanks to Jimmy Carter!"07:52 How Gerald Celente forecasted Black M...Read More
"An aircraft carrier that has at least 40 to 50 planes on it and 6000 forces gathered within it was a serious threat for us in the past but now...the threats have switched toContinue...Read More
The Swedish government said Monday they would reopen an investigation into a rape allegation against Julian AssangeContinue...Read More
It's a measure of modern financial markets' absurdity that bets on bets on bets have come to seem normal. Maybe acronyms like CLO and CDO make them sound scientific. OrContinue...Read More
Danielle DiMartino Booth spent nine years as an advisor to Richard W. Fisher at the Federal Reserve Bank of Dallas. Danielle left the Fed in 2015 to found Money Strong, LLC, an economic consulting firm and launched a weekly economic newsletter She is the author of Fed Up: An Insider's Take on Why the Federal Reserve is Bad for America. DiMartino Booth began her career in New York at Donaldson, Luf...Read More
Continue...Egon von Greyerz is founder and Managing Partner of Matterhorn Asset Management AG & GoldSwitzerland. Since the 1990s Egon von Greyerz has been actively involved with financial investment activities including mergers and acquisitions and asset allocation consultancy for private family funds. This led to the creation of Matterhorn Asset Management, an asset management company based on we...Read More
When a housing bust gets big enough, there will be a mortgage crisis, and it will hit banks, shadow banks, and mortgage insurers no matter what the mortgage laws are.Wolf Richter is the founder of Wolf Street Corp and the publisher of WolfStreet.com. Wolf has over twenty years of C-level operations experience, including turnarounds and a VC-funded startup. He has a BA, MA, and MBA (UT at Austin)....Read More
Bitcoin surged to almost $8,000 on Monday and didn't look back, as its longest winning streak in six years continued to rekindle theContinue...Read More
While many factors contribute to their creation, market reversals only happen when a shift in sentiment occurs.That's why bull markets can go on for much longer than reason merits. As long as the marginal buyer is keeping the faith that he can sell toContinue...Read More
Saudi Arabia says two of its oil tankers had been sabotaged near the United Arab Emirates in an important shipping lane that sees a large amount of oil transported each yearContinue...Read More
Economist Judy Shelton, a Trump economic advisor and a gold standard advocate is rumored to be Trump's next Fed pick.Continue...Read More
Gold is threatening to breakout to the upside out of a trading range with $1280 on the bottom and about $1292 on topContinue...Read More
British Columbia's top mining companies have been on a roller-coaster ride over the past five years, according to data compiled for Business in Vancouver's Biggest Mining Companies in B.C. list.In 2015, Teck Resources Ltd. (TSX:TECK.B) (No.1 on BIV's list) and Goldcorp Inc. (TSX:G) (No. 2) suffered massive declines in net income.Teck's net income fell by $2.87 billion to $2.48 billion in the red...Read More