- Review of 2018: 'Everything bubble' started bursting- International stock market indices and many property markets have fallen sharply- S&P 500 -4.5%, Nikkei -8%, EuroStoxx 50 -12.5%, FTSE -13%, DAX -16.5%- Of 54 major international stock market indices, only 6 are higher (see table below)- Global property bubble bursting - London, Sydney and Vancouver fall nearly 10%- Crypto bubble burst a...Read More
Turkish scrap import prices fell again Wednesday December 19, following news of a fresh deep-sea cargo booking, sources told Fastmarkets MB.Details of a steel producer in the Iskenderun region booking a European cargo, comprising 25,000 tonnes of HMS 1&2 (75:25), 7,000 tonnes of a mixture of bonus and shredded and 3,000 tonnes of busheling, at an average price of $285 per tonne cfr, came to light...Read More
David Morgan is a world-renown precious metals aficionado. He is the creator of the Silver-Investor.com website and The Morgan Report, 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 pr...Read More
Jason's talk with the great Gerald Celente about Macron, Yellow Vests, enslavement, enlightenment, financial 9/11, Brexit , truth and self empowerment.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 the Changes of the 21st Century and publisher of the international...Read More
Jason's talk with Paul Craig Roberts former secretary to the treasury with Ronald Reagan, about the Yellow Vest protests in France, Brexit, the EU, Macron, Quantitative Easing, self empowerment and taking back your power.Paul Craig Roberts is an American economist and a columnist for Creators Syndicate. He served as an Assistant Secretary of the Treasury in the Reagan Administration and was noted...Read More
Jason talks about leading economic indicators like demand for chemicals for the auto, housing and electronics as well as Chinese demand for chemicals flashing warning signals and FedEx, who ships goods for consumers and businesses all over the world warning about problems increasing in the EU and a general global economic slowdown outside of the US.Paul Hodges, chairman of International eChem gave...Read More
China's domestic rebar prices were largely flat on Wednesday December 19 amid fluctuations in the billet and futures markets. Domestic Eastern China (Shanghai): 3,780-3,820 yuan ($548-554) per tonne, unchangedNorthern China (Beijing): 3,580-3,600 yuan per tonne, narrowed upward by 10 yuan per tonneThe price of billet rose 10 yuan per tonne in the morning after declining by the same amount late on...Read More
Peter Schiff is an internationally recognized economist specializing in the foreign equity, currency and gold markets. Mr. made his name as President and Chief Global Strategist of Euro Pacific Capital. He frequently delivers lectures at major economic and investment conferences, and is quoted often in the print media, including the Wall Street Journal, New York Times, Barron's, BusinessWeek, Time...Read More
George Friedrich Wilhelm Hegel was right - Again: The only thing the human race learns from history is that it learns nothing from history.Continue...Read More
I don't care if you're gay, straight, or wish to marry a potato. If you went to this event, if you watched a child perform sexually, if you gave Continue...Read More
Author and publisher John Truman Wolfe says get ready for more trouble in the banking sector. Derivatives will help lead the next disaster. And the big banks are by no means insulated. Citibank just reported a $180 loan loss to an Asian hedge fund. And this could just be the beginning. Unsound loans to weak borrowers is an ongoing pattern. Nothing ever really changes.Read More
Real estate expert Ben Jones says the 2008 Housing Bubble is still going on. If it is, we could see prices fall even lower than last time.Speculation and over exuberance has reentered the real estate industry, he says and predicts a major correction ahead. "It's popping right now.""You're going to get foreclosers, you're going to get a lot of them." How will it compare to the last crash? "It could...Read More
Continue...Christopher Martenson is a former American biochemical scientist. Currently he is a writer and trend forecaster interested in macro trends regarding the economy, energy composition and environment. He is the founder of PeakProsperity.com. As one of the early econobloggers who forecasted the housing market collapse and stock market correction years in advance, Chris rose to prominence wi...Read More
Axel Merk is the Founder, President, Portfolio Manager, and CIO at Merk Investments LLC. He is an expert on qualitative research and macroeconomic trends. Mr. Merk is also an expert on macro trends, hard money, international investing, and on building sustainable wealth, and he is a pioneer in the use of strategic currency investing to seek diversification. He is a speaker and author on topics ran...Read More
"The solution is not ideal but it allows us to avoid an 'Excessive Deficit Procedure' at this stage ... One important positive element is that the new budget is based on a plausible economic scenario," Continue...Read More
"I think that the runoff of the balance sheet has been smooth and has served its purpose," Powell stated during the news conference. "I don't see us changing that."Continue...Read More
Pretium Resources Inc. (TSX,NYSE:PVG) has closed on the previously announced $480 million debt facility to refinance its existing construction credit facility.The company has also repurchased 100% of the callable 8% gold and silver stream that was sold as part of the construction financing package for the development of the Brucejack gold-silver mine in British Columbia.Last week, Pretium reported...Read More
The last few years of the Everything Bubble were driven by the ultimate dumb money: corporations borrowing to buy back their stock at record high prices. A whole generation of Continue...Read More
This video looks at the setup for the stock market in the very short-term and medium term and how that could impact Gold.Continue...Read More
JOHANNESBURG - A South African union has filed an appeal to overturn a mining deal in which Sibanye-Stillwater intends to acquire rival Lonmin , Sibanye said on Wednesday.The Association of Mineworkers and Construction Union (AMCU), protesting to job cuts related to the deal, launched an appeal with the Competition Appeals Court. The union's action comes almost a month after the Competition Tribun...Read More