For Part 1 of this interview, CLICK HEREFor Part 2 of this interview, CLICK HEREDoug Casey is an American-born libertarian economist and advocate of the free market. He is a bestselling financial author, international investor, entrepreneur, and the founder and chairman of Casey Research, a provider of subscription financial analysis about specific market verticals including natural resources/meta...Read More
Steel billet import prices in Egypt increased in the week to Thursday November 8, but demand for rebar was still weak in the country.Fastmarkets' weekly price assessment for steel billet imported into Egypt was $480-490 per tonne cfr on Thursday, compared with $477-480 per tonne cfr last week.Billet producers in the Commonwealth of Independent States (CIS) increased their prices because of the hig...Read More
James Kwantes profiles a long-time, stable silver producer with growingdeposits in Mexico and a "call option" on high-grade gold in Canada. Long before Hollywood directors made it a favored setting for westerns. . .before Pancho Villa rose from the poverty of a hacienda there to become an important Revolutionary general. . .the Mexican state of Durango was a major center for global silver product...Read More
The Critical Investor explains why he believes this company is one of the safest leveraged plays on the silver price.San Miguel open pit; Pirquitas Mine1. Introduction Although silver does not get much love lately, there are silver plays around that could move significantly as soon as the price of the metal recovers in more positive precious metals sentiment. One of these plays is Golden Arrow Res...Read More
The Thursday Market Minute Global stocks extend gains, taking European and Asia markets to the highest levels in a month, as risk appetite returns following a largely expected result from U.S. midterm elections.China's U.S. trade surplus narrows to $31.78 billion in October, but still sits 22% higher on a year-to-date basis as export strength in the face of White House tariffs continues to surpr...Read More
A look at how gold performed relative to stocks during the last U.S. recessionContinue...Read More
(Updates prices) * Gold edges down for a fifth straight session * Fed policy statement due at 1900 GMT * Platinum near more than 4-month highsBy Swati VermaBENGALURU, Nov 8 (Reuters) - Gold slid to a one-week low onThursday as the dollar firmed in the wake of the U.S. midtermelections, with market participants now awaiting clues on thepace of interest rate hikes from the U.S. Federal Reserve.The m...Read More
Turkish billet prices have increased over the past week, amid rising imported scrap values, but demand has remained limited due to high prices, sources said on Thursday November 8.Suppliers in the CIS region were offering billet into Turkey at around $485-490 per tonne cfr, but customers in Turkey were not bidding any higher than $475 per tonne.Fastmarkets' weekly price assessment for billet impor...Read More
China's domestic rebar prices remained on a downward trajectory on Thursday November 8 due to continued soft demand. Domestic Eastern China (Shanghai): 4,480-4,520 yuan ($647-653) per tonne, down 20-30 yuan per tonneNorthern China (Beijing): 4,350-4,400 yuan per tonne, down 20-30 yuan per tonneFutures dropped steadily in morning trade, leading to weak buying interest in the spot market. Selle...Read More
NEW YORK (Reuters) - For years, U.S. military veterans were more likely than other Americans to be self employed. But that trend has reversed over the last generation and on Thursday a report by the Federal Reserve suggested one reason is that they are less likely to get the financing they need.The report’s authors said the data for the first time provided “substantial evidence”...Read More
The European molybdenum markets have dropped this week amid quiet business while dealers prepared for more active trading at the Fastmarkets MB ferro-alloys conference in Lisbon, Portugal this weekend, sources said.Fastmarkets MB assessed the price of European drummed molybdic oxide, in-warehouse Rotterdam, at $11.80-12.00 per lb on Wednesday November 7, down from $12.00-12.15 per lb on Friday las...Read More
(Reuters) - High-profile U.S. electoral races in Georgia, Florida and Arizona remained unresolved on Thursday, two days after the vote, with the prospect of legal challenges, recounts and ballot reviews setting the stage for possible weeks of uncertainty.In Georgia, where Republican Brian Kemp declared victory in the governor’s contest on Wednesday on a narrow lead, campaign officials for De...Read More
Asian stainless steel participants are increasingly looking to Taiwan and Indonesia as the region's new price-setters, while Chinese exporters struggle to catch up in the heated price war, participants told Fastmarkets MB.Competition among suppliers in the region has intensified in recent months amid lackluster demand, growing pessimism and the increased availability of cheap substrate triggered b...Read More
China's ferrous futures fell during morning trading on Thursday November 8 after prices in most of physical markets weakened a day earlier.Futures closing prices - morning session Shanghai Futures Exchange January rebar: 3,913 yuan ($565) per tonne, down 38 yuan per tonne January hot-rolled coil: 3,657 yuan per tonne, down 41 yuan per tonne Dalian Commodity Exchange January iron ore: 512 yuan per...Read More
LONDON (Reuters) - Media reports suggesting that Britain could seal a divorce deal with the European Union in the next few days should be taken “with a very large pinch of salt”, a senior UK government source told the Press Association on Thursday.Both sides have indicated that they are nearing a deal in recent days but a government source told Reuters earlier on Thursday that Prime Mi...Read More
Ignoring select Vanguard funds can help investors make 226% more than the average Vanguard investor.With more than 180 funds to choose from, most every Vanguard investor needs advice on which funds are best for them to own. Trouble is...Vanguard tells investors to buy funds no one should own, while hiding some of their strongest funds.Wealthy investors are some of the most demanding people out the...Read More
KROKOS, Greece (Reuters) - Every autumn, Zisis Kyrou is more often found plucking flowers in northern Greece’s purple saffron fields than in his office as a civil engineer.Saffron - the spice so expensive it’s called “red gold” - has brought jobs and money to a region better known for coal mines and unemployment. A year ago, its producers began exporting to the United State...Read More
Oil prices fell for a ninth straight dayAfter Wednesday's post-midterms rally, U.S. stocks took a breather today. The Federal Open Market Committee (FOMC) surprised no one by standing pat on interest rates, and said it "expects further gradual increases" to rates. Energy stocks, in particular, took a beating, as oil prices fell into bear market territory -- down 20% from their October high -- and...Read More
WASHINGTON (Reuters) - The United States on Thursday imposed sanctions on two Ukrainians, one Russian and nine entities in Ukraine and Russia, partly for actions related to Moscow's annexation of Crimea, the U.S. Treasury said.One of the entities sanctioned - the Limited Liability Company Southern Project - was linked to Bank Rossiya and Russian businessman Yuri Kovulchuk, the Treasury said in a s...Read More
Fed Chair Jerome Powell will speak on WednesdayFollowing a hectic run of Election Day results and a Fed meeting, the economic calendar next week doesn't take much of a breather. There is plenty on tap to whet investors' appetites, including more remarks from Fed Chair Jerome Powell, additional speeches from Fed presidents, and a full earnings slate. Several notables are poised to step into the ear...Read More