The price for rebar produced and delivered in Southern Europe widened slightly on Wednesday November 21, although consumers remained unwilling to buy large volumes because questions persist about the European Commission's import quotas.Fastmarkets' weekly price assessment for domestic rebar in Southern Europe widened upward to ?,?530-540 ($605-616) per tonne delivered on Wednesday, from ?,?530-535...Read More
The price for rebar produced and delivered in Northern Europe stayed flat on Wednesday November 21, with consumers not willing to commit to purchases during a time of uncertainty in the markets.Fastmarkets' weekly price assessment for domestic rebar in Northern Europe stayed at ?,?550-560 ($628-639) per tonne delivered on Wednesday, unchanged now for three weeks, after producers resisted lowering...Read More
Gordon T. Long has been watching auto sales for quite some time. Debt keeps going up and now sales are declining. Corporate debt has escalated and it has become a giant equity to debt swap. It can't keep going the way it's going and it won't. According to Gordon it's all just a matter of timing. The Fed will have to reverse course and flood the system with liquidity once again. Daddy where do busi...Read More
Mass migration, the rise of anti-establishment politicians, and global cynicism can all be linked directly to The Great Recession of 2008. Nomi Prins joins Robert & Kim to discuss how central banks have rigged the economic system, and potentially made things worse ten years after the last financial crisis.Robert Kiyosaki is best known as the author of Rich Dad Poor Dad, the #1 personal finance boo...Read More
The words "snowmen" and "freshman" are no longer allowed. What's next?Read More
As we claim often here at PeakProsperity.com: Energy is everything. Will our global society be able to transition off of its extreme dependence on fossil fuels? And if so, can we do so without too much pain?Scott Tinker is the Director of the Bureau of Economic Geology at the University of Texas at Austin, and founder of the non-profit Switch Energy Alliance, which is dedicated to helping humanity...Read More
David Morgan is a world-renown precious metals aficionado. He is the creator of TheMorganReport.com, a monthly report that covers economic news, overall financial health of the global economy, currency problems and the key reasons for investing in precious metals. A dynamic, much-in-demand speaker all over the globe, David's educational mission also makes him a prolific author, having penned Get t...Read More
The Turkish steel producers have extended their absence from the deep-sea scrap markets due to sluggish demand for their finished steel products, sources told Fastmarkets on Wednesday November 21.In addition to their fears of renewed product outflows from China, the weakening local and export rebar prices have become another obstacle for the mills in Turkey.Rebar prices in China, in both the domes...Read More
The U.S. and South Korea will scale down a major military exercise in 2019 in order to avoid setting back diplomacy over North Korea's nuclear weapons.Continue...Read More
"WikiLeaks, I love WikiLeaks," Trump said at a rally shortly before the election. "Boy, I love reading those WikiLeaks," he again stated just days before the vote.Continue...Read More
GE is just one of several hundred big companies with CEOs who now have to justify a massive, in some cases catastrophic waste of shareholder cash.Continue...Read More
QUEBEC - They don't call it "Windfall" Lake for nothing. The latest windfall from the property was made by Osisko Mining of Toronto. Drilling returned 83.9 g/t gold over 5.3 metres - an almost unheard of length for such a high grade.And that's not all. The same hole, OSK-W-18-1731 in the Lynx zone, also returned 89.3 g/t gold over 2.4 metres.Other holes were almost as promising: OSK-W-18-1728-W1 r...Read More
IDM Mining (TSXV: IDM; US-OTC: IDMMF) has added a third underground drill at its Red Mountain underground gold-silver project, east of Stewart, British Columbia. The company has increased its drill program by 5,400 metres; it will now drill 13,000 metres across 54 holes.With its 2018 drilling, the company is testing various zones at Red Mountain including the northern and western extensions of the...Read More
Infill drilling in the southwestern part of the Marathon deposit in Newfoundland continues to return high-grade gold intercepts, Marathon Gold Corp. (TSX: MOZ) reports.The company completed its 41,000-metre step-out and infill drill program for 2018 at the end of October and assays released today include 5.36 grams gold over 11 metres from 26 metres below surface in hole MA-18-330; 3.63 grams gold...Read More
One of the questions I am asked most frequently in my global travels is what will be the cause of the next financial crisis. This question is asked by those who understand that Continue...Read More
One of Barrick Gold Corp.'s most senior executives, who held various high-profile roles at the company from Nevada to Tanzania, has left the company as it prepares to complete its merger with Randgold Resources Ltd.Richard Williams served as Barrick's chief of staff and later chief operating officer. A former commander in Britain's Special Air Service, he was assigned in February to work full-time...Read More
If corporate earnings rise in 2019 like Wall Street analysts expect, stocks are a screaming buy at these bear-market levels. But earnings won't riseContinue...Read More
Shares in struggling South African platinum producer Lonmin (LON:LMI) climbed Wednesday after the South African Competition Tribunal approved the company's takeover by Sibanye-Stillwater (JSE:SGL) (NYSE:SBGL), with conditionsBy late afternoon, Lonmin had climbed 8% to 48.12p, while Sibanye was slightly up in New York at $2.74 as the regulator imposed as condition a moratorium on planned layoffs at...Read More
Interest rates are at their highest levels in eight years, and that's having a profound impact on mortgage applications to refinance home loans Continue...Read More
World's largest miner BHP (ASX, NYSE, LON, JSE:BHP) told investors on Wednesday that it has learned from its past mistakes and is now spending its money more wisely.Explaining BHP's fresh strategy to seek growth while maintaining a healthy balance sheet, chief financial officer Peter Beaven said in a briefing the company has learned to assess both risks and returns, actively manage threats and thi...Read More