On August 27th, 1859, George Bissel and Edwin Drake changed the American petroleum industry forever.The two men were responsible for the first successful use of a drilling rig for a commercial well. Drilled especially for oil.Continue...Read More
Bob Hoye is a trained geologist, successful resource investor and economic historian. Bob is the chief investment strategist for chartsandmarkets.com.Lior Gantz has been called a thrill-seeking entrepreneur by his team, and as such, he built and runs numerous successful businesses, and has traveled to over 30 countries in the past decade in pursuit of thrills and opportunities, gaining valuable kn...Read More
Definition: Shrinkflation is a reduction in the size or weight of retail products, especially items of packaged food, with no corresponding reduction in the retail price.Articles on Shrinkflation: 1) https://en.wikipedia.org/wiki/Shrinkf...2) https://corporatefinanceinstitute.com...3) Shrinkflation: for those struggling, it's about more than just chocolate bars https://www.theguardian.com/commenti...Read More
Gregory Mannarino started his career working for the securities and trading arm of the now defunct Bear Stearns before the dot-com bubble. After realizing that working on Wall Street was not like the movies, he moved on to get a medical degree and practiced medicine as a Physician Assistant. He also served in the United States Naval Reserve Medical Service Corps, having attained the rank of Lieute...Read More
Japan's government has decided to release over one million tons of contaminated water into the sea.Continue...Read More
Equally puzzling in the rush to embrace green energy is the fact that there has been so little regard for embracing the truth. Look into the waste stream of battery production Continue...Read More
"You'll see a real correction or maybe a dramatic fall in the market. So that's a very, very big problem," he said.Continue...Read More
This is probably why Fed Chair Powell is urging another massive spending bill, because otherwise, the Fed has no more Federal debt to buy and can't print any more money.Continue...Read More
The World Gold Council (WGC) found that 48% of potential buyers don't trust the gold industry. Why is this and what can be done to change this?Continue...Read More
The total demand for silver is so much more than just "silver-backed" ETF demand or bullion coin demand, and with or without an economic recovery on Main Street, the massive demand we've seen in 2020 will continue...Dave Kranzler stopped by Silver Doctors today for a robust discussion on how things are going in the markets and in the economy.Some of the topics in today's discussion include -There...Read More
If you are making less than $3,000 a month, you have plenty of company, because about half of the country is in the exact same boat. The Social Security Administration just released Continue...Read More
Biden widened his lead over Trump,while gold jumped above $1,900 again.According to the most recentReuters/Ipsos poll, Biden has increased his presidential race advantage. Now,as the chart below shows, he leads by 7 percent. I don’t trust in opinion polls. And whyis that you might wonder. It is because they measure the popular vote, whichdoesn’t exactly decide who wins the presidency....Read More
By Justin Spittler : My friend who’s a novice investor asked for advice recently. Hewas “bargain hunting” for cheap stocks, and trying to decide betweenbuying Kohl’s (KSS) or ExxonMobil (XOM).Icringed. “Listen,” I told him. “You’re thinking about this all wrong.”I getwhere my friend is coming from. From childhood we’re taug...Read More
Indonesian authorities have extended the deadline for scrap sellers to comply with new, strict import regulations until the end of the year, leading to a burst of activity in the market, market participants told Fastmarkets on Friday October 16.Rules concerning the registration of scrap exporters to Indonesia came into force on September 30, causing many deals to be canceled because some exporters...Read More
Here are five Fastmarkets stories you might have missed on Thursday October 15 that are worth another look.Demand in India for steel and ferrous scrap will remain subdued for the rest of this year, while Pakistan and Bangladesh both show stronger demand, Zain Nathani has said during the online Bureau of International...Read More
Here are five Fastmarkets stories you might have missed on Wednesday October 14 that are worth another look.The European Commission (EC) has initiated an expiry review of anti-dumping duties imposed on wire rod originating from China, it said on October 14.Trafigura's revenue was $171.5-billion in 2019, with group businesses in metals,...Read More
Prices of flat-rolled steel imports in South America mostly moved upward in the week to Friday October 16, amid higher offers from Chinese mills and deals being settled at higher levels.Fastmarkets' price assessment for steel hot-rolled coil, import, cfr main ports South America, was $530-565 per tonne on Friday, widening upward from $530-560 per tonne a week before.Chinese offers were reported mo...Read More
The London Metal Exchange three month copper price continued to decline on Friday October 16, while the three-month prices for nickel and aluminium made small gains over the day.The LME three-month copper price lost 0.7% to close at $6,738 per tonne, after seeing a low turnover of just above 11,300 lots on Friday.LME copper stocks totaled 184,850 tonnes on October 16, up from 73,625 tonnes on Sept...Read More
Brazil's export pig iron market was quiet during the week to Friday October 16 because suppliers have full order books and expected higher prices in the Chinese market.Fastmarkets assessed the price of pig iron, export, fob port of Vitoria/Rio, Brazil, at $352-355 per tonne on Friday, unchanged week on week because no trading activity was reported.Pig iron offers from the south of Brazil were repo...Read More
Indian mills were holding back their hot-rolled coil export offers because domestic prices for the commodity were still strong because of production shortfalls, Fastmarkets heard on Friday October 16.The price of steel hot-rolled coil (commodity), export, fob main port India, was assessed by Fastmarkets at $510-515 per tonne on October 16, unchanged since last week in the absence of new export off...Read More