Here are five Fastmarkets stories you might have missed on Wednesday May 27 that are worth another look.The annual sitting of the National People's Congress of the People's Republic of China and the Chinese People's Political Consultative Conference - widely known as the 'twin sessions' - in Beijing released a series of stimulus packages for the development of China's economy amid the Covid-19 pan...Read More
The Turkish deep-sea scrap import market was quiet on Wednesday May 27, with market participants returning after a four-day lockdown, sources told Fastmarkets.The whole country was under lockdown to prevent the further spread of the Covid-19 virus during the Eid al-Fitr celebrations - which are held to mark the end of Ramadan and took place between the night of Friday May 22 and the...Read More
COLORADO SPRINGS, CO, May 27, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Gold Resource Corporation (NYSE American: GORO) (the "Company") declares its monthly instituted dividend of one-third of a cent per common share for May 2020 payable on June 23, 2020 to shareholders of record as of June 11, 2020. Gold Resource Corporation is a gold and silver producer, developer and explorer with operat...Read More
Sector expert Michael Ballanger considers what the post-pandemic world could look like in the aftermath of central bank actions.As I sit here on the shores of lovely Lake Scugog, its weed-infested waters lying in wait for countless unsuspecting propellers soon to be ensnared, I am reminded of the failed world of central banking and policy initiatives, which too has become ensnared in flora of it...Read More
By Ricky WenTuesday's session played out as a massive gap up and consolidation. This meant that it allowed the price action and its internals to reset, catch a breath in order to ramp up higher again. It's been the same structure for the past few weeks once the price action gets too far away from the 4-hour or daily trending support levels if you've utilized our key concepts such as 8/20EMA on t...Read More
"I think there is a strong likelihood we will need another bill."That's according to Treasury Secretary Steven Mnuchin, who supports additional fiscal stimulus to combat the economic impact of the novel coronavirus within reason.The secretary's statement comes after the House passed a record-shattering $3 trillion relief package, though leaders in the Senate have said they will not put it up for...Read More
By: Gary SavageI warned you about this situation. Gold's option expiration on Tuesday. Usually see an attack. The triangle consolidation pattern was blocked and not allowed to get follow-through, the technical will transform into a box:https://blog.smartmoneytrackerpremium.com/Read More
By: Ira EpsteinGold dropped because of the strong equity markets, but not the tech sector -- stalling. Gold's trend is down in the short-term:Read More
Spot gold is higher than comex gold futures after a very long-term time. Silver, copper and crude oil will remain firm on demand outlook and mine supply pressure. Trend of all metals, energies and US dollar Index till 2nd June can be misleading. Trend between 3rd June to 17th June will be sustainable. COVID is getting less attention now. Focus is on jobs and economy. COVID infections once world...Read More
Seaborne iron ore prices regained some stability with active trading on Wednesday May 27, after falls the previous day that were triggered by an easing of supplies from Brazil.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $95.37 per tonne, up by $0.09 per tonne.62% Fe low-alumina fines, cfr Qingdao: $98.00 per tonne, up by $0.03 per tonne.58% Fe fines high-grade premium, cfr Qingdao: $84....Read More
Cold War 2.0 with China has got off the ground and is gaining momentum. Some say Beijing must pay for the pandemic, while others claim it's an existential security threat to the Washington-centric world. Still, others say Washington simply can't concede that we now live in a multipolar world. Jim Rogers & Tom Watkins give their opinions.Jim Rogers co-founded the Quantum Fund with George Soros in 1...Read More
The case for owning precious metals is easy to make, especially silver. According to financial writer John Rubino, it now takes 100 ounces of silver to equal the value of 1 ounce of gold. That's a near record of 100 to 1 silver/gold ratio. Rubino contends, "The silver/gold ratio says silver is clearly a buy based on historical trends and the relationship between gold and silver. . . . You would ex...Read More
The global currency crisis of 2020 and beyond is here. In this interview Cambridge House CEO Jay Martin talks in-depth with Santiago Capital Manager Brent Johnson about the coming global currency crisis.Brent Johnson is popular for his Dollar Milk Shake Theory - A theory that argues that what counts in a global financially connected world is where the capital flows and not so much which central ba...Read More
For years it seemed as if there was an imbalance in the silver market. And while it was hard to know when the market would be repriced, in some ways it seemed inevitable.Now the signs continue to emerge that the market is under more pressure than ever, with a possible breakpoint within sight. Well-known London silver trader and whistleblower Andrew Maguire was kind enough to join me on this show a...Read More
Here are five Fastmarkets stories you might have missed on Wednesday May 27 that are worth another look.The annual sitting of the National People's Congress of the People's Republic of China and the Chinese People's Political Consultative Conference - widely known as the 'twin sessions' - in Beijing released a series of stimulus packages for the development of China's economy amid the Covid-19 pan...Read More
Bill Gates will get his wish. He will be able to reduce the population by 10%-15% by the age-old method of creating war.Continue...Read More
The markets have convinced themselves that they are in a win-win situation. This is not something Mohamed El-Erian feels comfortable about.Continue...Read More
The plan calls for players to earn their salary via a tier system. The more a player is scheduled to earn for the 2020 season, the less he retains under the plan.Continue...Read More
There are now over 11,000 covid-19 cases tied to Tyson Foods, Smithfield Foods and JBS. Despite the industry's best efforts, cases continue to rise rapidly. Continue...Read More