Another market support gets pulled away and turned upside down.Continue...Read More
0:00 Introduction0:22 Trading commodities amidst inflation4:27 Are the bag-holders always retail investors?6:15 Small-cap stock short squeezes8:38 Trading gold & gold stocks9:23 Oil10:05 Trading black swan events10:46 Watching where politicians invest12:00 Impact of increased U.S. taxes on the markets13:55 USD14:31 "Sell in May and go away"?15:35 Nick's performance YTDProfessional Trader Nick Sant...Read More
Danielle DiMartino Booth spent nine years as an advisor to Richard W. Fisher at the Federal Reserve Bank of Dallas. Danielle left the Fed in 2015 to found Money Strong, LLC, an economic consulting firm and launched a weekly economic newsletter She is the author of Fed Up: An Insider's Take on Why the Federal Reserve is Bad for America. DiMartino Booth began her career in New York at Donaldson, Luf...Read More
A company with ties to the Chinese Communist Party owns 130,000 acres of land in Texas-right next to America's largest air force pilot training base.Continue...Read More
Never before have we seen these wrong-way traders make such a massive bet on higher stock prices. At the same time, we Continue...Read More
Part 1 (part 2 below)Part 2Dr. Rand Paul is the junior United States Senator for Kentucky. Elected in 2010, he has proven to be an outspoken champion for constitutional liberties and fiscal responsibility, and a warrior against government overreach. A graduate of Duke University School of Medicine, Rand was a practicing ophthalmologist in Bowling Green, Ky., for 17 years. Rand has been a vocal adv...Read More
'Tucker Carlson Tonight' host reacts to Dr. Fauci's emails exposed. "Fauci was just another sleazy federal bureaucrat - deeply political and often dishonest..."Read More
Turkish steel producers extended their silence in the deep-sea scrap import markets amid weakening demand for finished long steel products, sources told Fastmarkets on Thursday June 3.The most recent deep-sea trade was concluded at the end of last week, when a steel mill in the Marmara region booked a US cargo, comprising HMS 1&2 (80:20) at $503 per tonne and shredded scrap at $513 per tonne cfr.S...Read More
With the US Mint admitting that there's actually a "global silver shortage," it makes you wonder if this scheme is close to the end of the road. Dave Kranzler joins me to discuss silver supply and the interesting comments from the Mint and the former head of the Mint.Dave Kranzler spent many years working in various Wall Street jobs. After business school, he primarily traded junk bonds for a larg...Read More
"We can make this change rather quickly, within a month," Siluanov said to reporters Thursday.Russia's gold holdings Continue...Read More
The Afghan adventure served absolutely no useful purpose whatsoever. There were zero benefits to either the US or the natives.Continue...Read More
Prices for steel billet imported into Egypt decreased during the week ending Thursday June 3 because of global price falls, although demand for rebar was better, sources have told Fastmarkets.Global prices for billet have been decreasing recently, because of limited buying by customers in China.Fastmarkets' daily steel billet index, export, fob Black Sea, CIS, was $653 per tonne on June 2, falling...Read More
Turkish steel billet prices have gone down this week on falling costs for imported scrap raw material, market participants said on Thursday June 3.The Turkish scrap import prices have been falling over the week amid limited demand from the mills in the country.Fastmarkets calculated the daily index for steel scrap, HMS 1&2 (80:20 mix), North Europe origin, cfr Turkey, at $495.27 per tonne on Wedne...Read More
This McAlinden Research Partners report looks at factors supporting high copper prices and notes that the "fundamentals underlying copper futures pricing remain very much intact." Copper discoveries, particularly in South America, have slowed in recent years and a new wave of political upheaval across the continent may create even more barriers to expansion. This news comes just as projections fr...Read More
A National Bank of Canada Financial Services report explains why it considers MAG Silver Corp.'s capex of the Juanicipio project fully funded. JuanicipioIn a May 17 research note, National Bank of Canada analyst Don DeMarco reported the "most relevant" points from MAG Silver Corp.'s (MAG:TSX; MAG:NYSE A) Q1/21 filings and recent Juanicipio project update. The key topics were capex, cash and catal...Read More
China's domestic rebar prices continued to increase on Thursday June 3 on futures gains, but heavy rains slowed the increase compared with Wednesday's uptick, sources told Fastmarkets. DomesticEastern China (Shanghai): 5,030-5,050 yuan ($787-790) per tonne, up by 30 yuan per tonne The transportation of rebar by truck and construction activity were interrupted by heavy rains in certain parts of eas...Read More
A Cormark Securities report discusses the milestone that could drive MAG Silver Corp.'s multiple higher. In a May 19 research note, Cormark Securities analyst Richard Gray wrote that MAG Silver Corp. (MAG:TSX; MAG:NYSE A) and joint venture (JV) partner Fresnillo remain on track with construction to meet their Q4/21 Juanicipio mill-commissioning target. Gray noted that mechanical installation of t...Read More
Japanese semiconductor chip producer Renesas Electronics Corp aims to return its production rate to 100% of its capacity three months after a fire broke out of its Naka factory in Japan's Ibaraki prefecture March 19.It is currently operating at 88% of capacity after restarting operations on April 17 following the procurement of all the equipment necessary to restore its pre-fire capacity.The fire...Read More
The rebounds in Gold and Silver exceeded my expectations and closed May in a strong fashion, near the highs of the month.Gold’s monthly close was the third-highest ever. Silver failed to break resistance at $28.50, but its monthly close at $28 was the second-highest in the last eight years.As noted last week, Gold and gold stocks have perked up in real terms. Gold relative to Bonds has...Read More
China's customs authorities will no longer require imports of some hot-rolled and cold-rolled coil to undergo inspections from June 10, the General Administration of Customs said on Tuesday June 1.The products affected, under the 10-digit Harmonized System (HS) code, include:7208261000 Other high-strength HRC of a thickness of 3mm or more but less than 4.75mm 7208269000 Other HRC of a thickness...Read More