By Gary TanashianSo here we are, with the sector leading the recovery out of the March crash during still-deflationary times. Inflation? It is not yet anywhere to be found, and that probably has a lot of inflation-centric would-be gold boosters on the sidelines. Someday, when these ladies are in full cheer with inflation signals rising, it will be time for caution.Meanwhile, for years we have st...Read More
No Place to Hide: How Market Manipulation in the Age of Pandemic is Destroying Traditional Safe HavensBy Neil VowlesUniversity of Sussex, Brighton, England, UKThursday, May 14, 2020http://www.sussex.ac.uk/broadcast/read/52005The coronavirus pandemic has created enormous volatility in global financial markets but prices of safe-haven assets such as gold and bitcoin are not surging as one might ex...Read More
The major gold miners' stocks have rallied dramatically out of mid-March's stock-panic lows, soaring to new bull-market highs. Their just-reported Q1'20 operational and financial results reveal whether today's higher gold-stock prices are fundamentally justified. They also illuminate whether this gold-stock upleg is likely to continue powering higher, despite the catastrophic economic damage...Read More
By: Ira EpsteinGold is thrusting higher and now looking at prior highs, watch these key resistance and breakout levels. Read More
Domestic prices for ferrous scrap in Italy have jumped over the past month due to low scrap collection in Europe, sources told Fastmarkets on Friday May 15.Fastmarkets' monthly price assessment for steel scrap, No E8 (thin new production steel scrap), domestic, delivered mill Italy was ?,?240-250 ($259-270) per tonne on May 15, up from ?,?210-230 per tonne in the middle of April. The assessment is...Read More
Export prices of Brazil-origin slab increased week on week amid recent deals and offers to China as well as increased raw material costs.Fastmarkets assessed the price for steel slab export, fob main port Brazil at $335-350 per tonne on Friday May 15, up by $5 from $330-345 per tonne the week previous.Chinese customers recently purchased material, sources said, with deals being heard at a minimum...Read More
David Stockman, director of the Office of Management and Budget under Ronald Reagan, joins The Tom Woods Show for a discussion of the wisdom (or otherwise) of the response to COVID-19, and what the economic ramifications are.David Stockman is a former Republican congressman from Michigan and was President Reagan's budget director from 1981 to 1985. After leaving the White House, Stockman became a...Read More
?>>?Michael Pento is a specialist in Austrian economics and is the President of Pento Portfolio Strategies. Prior to starting Pento Portfolio Strategies he served as a senior economist and VP of the managed products division of another well known financial firm. Michael has also created ETFs and UITs that were sold throughout Wall Street. Earlier in his career, he worked on the floor of the NYSE....Read More
Eric Sprott has more than 40 years of experience in the investment industry. In 1981, he founded Sprott Securities (now called Cormark Securities Inc.), which today is one of Canada's largest independently owned securities firms. In 2001, Eric established Sprott Asset Management Inc. Over the years, Eric has personally been the recipient of numerous awards and honors, including one of Investor Dig...Read More
Nomi covers the Fed, Wall Street and the recent bailouts.Nomi Prins is an American author, journalist, and Senior Fellow at Demos. She has worked as a managing director at Goldman-Sachs and as a Senior Managing Director at Bear Stearns, as well as having worked as a senior strategist at Lehman Brothers and analyst at the Chase Manhattan Bank. Prins is known for her books All the Presidents' Banker...Read More
For Part 1 of this interview, CLICK HEREJason continues his conversation with former Congressman Dr. Ron Paul. The two finish up their talk by looking at why the government thinks they're the best option for many aspects in our lives, what would happen if the government got out of the way and prices reverted to normal (rather than the distorted view we're getting today), and why we shouldn't expec...Read More
"This was an absolutely fraudulent, fabricated story...This was an effort to prevent Trump from working with Putin."Harley Schlanger's work can be found at LaRouchePAC.com.Read More
Domestic demand for rebar in China increased on Friday May 15, but prices remained unchanged with sellers being under pressure to destock. Domestic Eastern China (Shanghai): 3,460-3,490 yuan ($487-492) per tonne, unchangedNorthern China (Beijing) - weekly assessment: 3,420-3,460 yuan per tonne, down by 30-40 yuan per tonneEnd users raised their procurement rates ahead of the weekend, but the heigh...Read More
Scientists injected human stem cells into mouse embryos and let them develop. One of the resulting embryos had 4% human cells after 17 days of additional maturity.Continue...Read More
The Parkland, Florida, police officer who sheltered behind his car while nearly 20 students were shot and killed will be re-instated to his job, his union announced on Thursday. Continue...Read More
Any journalist who also sold out all his stock while writing on this issue NEEDS to be investigated! The press is fulfilling the very same role they did to create the Communist Revolution - a favorite tool of Lenin.Continue...Read More
Rising concern of virus spread as Wuhan rolls out its mass testing. Videos show worrisome scenes at test sites."China in Focus" is a new Youtube channel created by NTD to provide viewers with fast, compelling, first-hand news from China."NTD is a New York-based global news and entertainment media company founded in 2001. We believe the integrity of our world hinges on the accurate and truthful spr...Read More
The U.S. Commerce Department said it was amending an export rule to "strategically target Huawei's acquisition of semiconductors that are the direct product of certain U.S. software and technology."Continue...Read More
Steady demand from China continued to prop up prices in Southeast Asia's steel billet market over the past week, sources told Fastmarkets on Friday May 15. Market participants said China remained the preferred destination for suppliers due to their ability to pay higher prices and book larger cargoes than Southeast Asian re-rollers. Demand in Southeast Asia remained sluggish due to restrictions im...Read More
In "freedom and democracy" America there is only official truth, and it is a lie. A person or website that speaks real truth is shunted aside as a "conspiracy theorist," "Russian agent," "racist,"Continue...Read More