By: Ira EpsteinGold came alive as the markets brought rates down. Gold still very much sideways on long-term view. It has been a long time!Read More
Seaborne iron ore concentrate and pellet prices continued to increase last week but trading remained fairly inactive.ConcentrateThe weekly Fastmarkets MB 66% Fe Iron Ore Concentrate Index stood at $118.10 per tonne cfr China last Friday on May 31, up by $2.31 per tonne week on week.The daily Fastmarkets MB 65% Fe Iron Ore Index averaged $120.58 per tonne cfr China last week, compared with an avera...Read More
The optimism in the Commonwealth of Independent States (CIS) export billet market has faded after the news of the reduction in import duty for Turkish steel into the United States in May initially supported it, which dragged prices down.The removal of the extra import duty failed to revive demand for Turkish rebar in the US, leading to a decrease in prices for both long steel products and steel sc...Read More
Trump imposed tariffs on Mexico and almost immediately the price of gold spikes $35. Should we all be surprised. Is this the final straw? How much more can the economy withstand? Perhaps this is what it takes to create a new economy. But it's incredibly to all the current participants of the current paradigm. What's a globalist to do? One thing is for certain, there's no stopping it now.John Rubin...Read More
Mohamed El-Erian, Allianz chief economic advisor, joins "Squawk on the Street" to discuss the impact of trade on markets and Trump's policy going forward.Mohamed El-Erian is the Chief Economic Adviser of Allianz, a multinational financial services company. He is the former CEO and co-Chief Investment Officer of PIMCO, a global investment firm and one of the world's largest bond funds in the world....Read More
Links to slides and sources: https://www.itmtrading.com/blog/speci...Will this Black Swan Event that will take down the global fiat system? It may have already begun, even if Mexican tariffs never go into effect, counterparty confidence between the US and all trading partners has been smashed. With the US currently renegotiating key global trade agreements, that confidence is critical - and now it...Read More
? Prof. Keen's debunking of the Nobel prize-winning work of economics William Nordhaus ? The role of Energy in the economy and why classical economic models fail to consider it ? Why Prof. Keen says the risks posed by climate change are far worse that Nordhaus estimates ? Prof. Keen's prediction of an eventual energy short for traders (and our host's disagreement)Steve Keen is an Australian-born,...Read More
"It's not hyperinflation, but it is very significant inflation."Catherine Austin Fitts is a former Wall Street investment banker, macroeconomic expert and publisher of The Solari Report https://solari.com/.Read More
A special webinar presentation with David Stockman, Chris Martenson and Adam Taggart.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...Read More
"(The) information on AMCA's affected system included financial information (e.g., credit card numbers and bank account information), medical information and other Continue...Read More
Last week in an episode of my daily Ron Paul Liberty Report we discussed whether the US and British government were actually trying to kill jailed Wikileaks publisher Julian Assange. More than seven years ago Assange was granted asylum from the government of Ecuador over fears that espionage charges were being prepared against him by Washington. He spent those years in a small room in the Ecuadori...Read More
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 Markets (free ebook). Gregory currently hosts a b...Read More
In the past, the Treasury market was terribly wrong about this. In these instances, the 10-year yield had no predictive quality. It was just a stupid move that then self-corrected brutally. The last such idiocy happened in 2016. The good folks who made that move are still ruing the day.Wolf Richter is the founder of Wolf Street Corp and the publisher of WolfStreet.com. Wolf has over twenty years o...Read More
You'd think that the more trouble the US causes around the world, the weaker the dollar would trade. Who, after all, wants to own the currency of the country Continue...Read More
What I'm about to show you is frightening to some people...And will become lucrative to a select few others. So there's no way to sugar-coat this.Continue...Read More
Markets are beginning to price in rate cuts and the Fed is under pressure to shift out of its policy to hold rates steadyContinue...Read More
@SadiqKhan, who by all accounts has done a terrible job as Mayor of London, has been foolishly "nasty" to the visiting President of the United States, by far the mostContinue...Read More
Import prices for steel slab in Asia fell over the past week on sluggish demand in East Asia amid declining prices in the downstream hot-rolled coil market, while trading activity slowed in parts of Southeast Asia due to holidays to mark the end of the Islamic holy month of Ramadan.Fastmarkets MB's weekly import price assessment for slab in Southeast Asia and East Asia was $455-460 per tonne cfr o...Read More
New findings are out from the New York Federal Reserve that reveal a troubling outlook for millennials who have now reached over US$1 trillion of debtContinue...Read More
"They located the treasure just six hours after leaving their house."Continue...Read More