Shipments of steel products from Iran remained unaffected by the conflict in the Gulf of Oman, which took place late last week, sources told Fastmarkets."We can still ship material," the country's major semi-finished steel producer told Fastmarkets.On June 13, two oil tankers (Norwegia-owned Front Altair and the Japan-owned Kokuka Courageous), reported an attack in the Gulf of Oman. Front Altair w...Read More
Peter Schiff is an internationally recognized economist specializing in the foreign equity, currency and gold markets. Mr. Schiff 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, BusinessWee...Read More
"They are going to keep lowering interest rates. It's monetary methadone. All these people are addicts. Morons and imbeciles call them 'investors.' They're addicts and gamblers. They can't stop, and all they want is that drug- monetary methadone. They are just going to keep filling it in until they OD."Gerald Celente is a pioneer trend strategist and founder of The Trends Research Institute. He is...Read More
Jordan Roy-Byrne, Founder of The Daily Gold joined me for a discussion on the set up in the gold market heading into the Fed meeting. We look at the spec position in gold and the USD as well as how gold has been preforming against other currencies of late. Finally a comment on the overall breadth in the gold stocks, which are great indicators of a potential breakout.Jordan Roy-Byrne, CMT is a Char...Read More
Overt smackdowns of gold as it persistently and repeatedly tests a 6-year resistance & support limit are becoming more obvious, more desperate, and eventually will be proven futile, according to veteran gold market watchdog Bill Murphy of the Gold Antitrust Action Committee (GATA.org.) Murphy returns to Reluctant Peppers to contend that we are witnessing the early stages of gold's breakout from a...Read More
China's domestic rebar prices increased on Wednesday June 19 on futures gains, but export prices continued to drop due to the need to sell. Domestic Eastern China (Shanghai): 3,820-3,860 yuan ($552-558) per tonne, up 20-30 yuan per tonneNorthern China (Beijing): 3,680-3,710 yuan per tonne, up 10-30 yuan per tonneRebar futures' rise led to more active trading in spot market and pushed up...Read More
The robot is designed to spy on citizens near parks and city buildings and relay the footage directly to law enforcementContinue...Read More
They used money that was allocated to fund Russian disinformation and fake news.Continue...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
The Deutsche Bank (NYSE:DB) stock chart since 2012 includes many examples (at least 23) of magical V shaped recoveries where the stock price was literally a falling knife and some buyer still came in and bought the shares to try and paint the tape to produce a share price recovery.However, since 2014 the share price has been in a very clear downtrend with lower highs on rallies and rallies do not...Read More
Links to slides and sources: https://www.itmtrading.com/blog/choke...The Oil rally that started in early 2019 is over with spot oil off more that 20% from its recent high. The markets are looking at rising US shale production, diminishing demand because of the global slowdown and a deepening trade war that would dampen demand even further.This is what that markets are looking at. Are they missing...Read More
Trump's showdown with China is causing anxiety in markets across the world. Asian-based economist Richard Duncan joins Robert to offer his view of how China is responding to Trump. Find out why bond yields are crashing, and how China is choosing to isolate itself from the U.S.Robert Kiyosaki is best known as the author of Rich Dad Poor Dad, the #1 personal finance book of all time. His book titles...Read More
President Trump raised a record breaking $24.8M in less than 24 hours for his re-election. The enthusiasm across the country for this President is unmatched and unlike Continue...Read More
John Bolton hates the governments of Venezuela, Cuba, and Nicaragua-calling them the "troika of tyranny" and the "three stooges of socialism"-and is determined Continue...Read More
The 10Y US Treasury yield is now down 11bps from the FOMC Statement, plunging back below 2.00% Continue...Read More
A BMO Capital Markets report gave the new figures for tons and grades and compared them to ones in a prior estimate. In a June 17 research note, BMO Capital Markets analyst Edward Sterck reported that South32 Ltd. (S32:ASX; S32:LSE) published a mineral resource for its Taylor deposit in Arizona.Sterck noted the new JORC compliant resource is generally similar to the NI 43-101 compliant one comple...Read More
Sector expert Michael Ballanger offers his take on various factors affecting the stock and commodities markets prior to today's Federal Open Market Committee meeting. Question #1: With unemployment rates at 50-year lows, inflation below the Federal Reserve's target, housing (bankers' major collateral) at or near record highs, and stock markets within 2% of all-time highs, why in the Lord's name i...Read More
The company intends to ramp up the mine to full capacity next quarter. Dundee Precious Metals Inc. (DPM:TSX) achieved commercial gold production at its Southern Bulgaria Krumovgrad project, from now on to be called Ada Tepe as it is known locally, it announced in a news release."Commercial production at Ada Tepe marks the beginning of a new chapter for Dundee Precious Metals, delivering significa...Read More
The goal now is to understand the entire project and its potential. Seabridge Gold Inc. (SEA:TSX; SA:NYSE.MKT) announced in a news release it is shifting its exploration focus at KSM this year to blind targets beneath the Sulphurets fault system. The company is sending crews to KSM for three purposes. One is to assess the possibility of additional gold-copper porphyry systems below the Sulphurets...Read More
This work is being done in advance of drilling later this summer. American Pacific Mining Corp. (USGD:CSE; USGDF:OTC) announced in a news release that a CSAMT geophysical survey has begun on its Tuscarora project in Nevada. Reno-based Zonge International is conducting the study."This nonintrusive, low-impact controlled source audiofrequency magnetotellurics survey will highlight key target explor...Read More