If you're worried about contact tracing in the age of Covid-19, worry no more: that ship has long sailed.Continue...Read More
At least 10 local news stations around the country aired corporate propaganda from online retail giant Amazon praising the company's worker safety protocols ahead of a shareholders meeting on Continue...Read More
James "Jim" Grant is an American writer and publisher and the founder of Grant's Interest Rate Observer, a twice-monthly journal of the financial markets. He is the author , most recently, of The Forgotten Depression: 1921: The Crash That Cured Itself. Grant's television appearances include "60 Minutes," "The Charlie Rose Show," Bloomberg TV, CNBC and other well-known financial news sources. His j...Read More
The Democrats are burning down their own house now, and everyone can see it. And after my interview with Bob Kudla, tonight's breaking news is that President Trump will sign an Executive Order on Thursday relating to big tech social media censorship. Hopefully he will re-level the playing field.Bob's website: tradegeniusacademy.comRead More
1. Weekly initial jobless claims were posted at 8:30 am today. There were 2.123 million new claims. More importantly, continuing claims declined to 21.052 million from 24.912 million. So as people get back to work and as the economy opens up these numbers will get better. Continuing claims is the number to watch. 2. Money is rotating out of the large techs and into financial and retail. Macy's is...Read More
We believe we've already entered a period of decline that has lasted at least 15+ years and the "blowout process" that ends this decline will be somewhat cataclysmic. Continue...Read More
Trump's Phase One Trade Deal with China is not going well. US exports are less than half of purchases pledged by China,Continue...Read More
President Trump retweeted a video where a supporter declares "the only good Democrat is a dead Democrat." When pressed for further explanationContinue...Read More
Millionaires say they're bearish enough to commit only a third of their cash to equities.Continue...Read More
This would require the Bank of England to release the gold, something it has refused to do thus far. Continue...Read More
Gold firmed up on Thursday as concerns about a deepening rift between the United States and China Continue...Read More
Topics:Market rallying on hope and hype.Trump's odds of winning re-election continues decreasing.Chinese trade deals unwind.Stimulus more dangerous than virus.Everything that can go wrong, likely will go wrong, all at the same time.American taxpayers stuck with 8 years of tax debt and counting.We are a zombie country and the world is about to find out we're insolvent.Jerome Powell saying the antit...Read More
Export billet prices from the Commonwealth of Independent States (CIS) continued to weaken in the last week of May amid a lack of support from customers in Asia, particularly China.Chinese customers - who had been actively booking CIS-origin material - found the current import billet prices unprofitable considering the uncertainty in the finished long steel markets and the fluctuation of yuan agai...Read More
Money manager Adrian Day reviews developments, both positive and not-so-positive, at several companies in his portfolio and he finds that some are cheap enough to buy. Loews Corp. (L:NYSE, 31.19) is having a rough time, with several of its holdings severely hit by not only Covid restrictions but by broader market conditions as well. Its struggling, majority-owned Diamond Offshore succumbed to wea...Read More
Once the deal for the final 20% closes, Aftermath Silver will begin exploration there. Aftermath Silver Ltd.(AAG:TSX.V) announced in a news release it agreed to acquire from SSR Mining its 20% interest in the Cachinal silver-gold project, for a total consideration of CA$700,000.This deal will take Vancouver, British Columbia-based Aftermath Silver's ownership of Minera Cachinal shares to 99.9%; M...Read More
Newrange Gold Corp. reported that it will begin drilling this week at its Pamlico Gold project in Nevada. In a news release, Vancouver-based precious metals exploration and development company Newrange Gold Corp. (NRG:TSX.V; NRGOF:OTC) announced that it has lined up a drilling contractor to commence operations on May 28 at its Pamlico Gold Project in Nevada. The firm indicated that it has already...Read More
Metallic Minerals defines and refines targets at the Yukon project. Metallic Minerals Corp. (MMG:TSX.V; MMNGF:OTCMKTS) announced in a news release the results of recent exploration work at the Formo, Silver Queen and Duncan Creek targets at its Keno silver project in the Yukon's Keno Hill district.At Formo, via underground sampling, the company identified three high-grade mineralized shoots retur...Read More
Seabridge Gold intends to initiate data collection and analysis on this orogenic gold asset. In a news release, Seabridge Gold Inc. (SEA:TSX; SA:NYSE.MKT) announced that its acquisition of the 3 Aces gold project in the Yukon closed."3 Aces is a first rate exploration play with the potential to host a high grade commercially-viable ore body," Seabridge Gold Chairman and CEO Rudi Fronk said in th...Read More
Turkish domestic and export prices for steel billet have gone down slightly over the past week in line with the poor demand for finished steel, but imported billet prices have remained firm, sources said on Thursday May 28.Fastmarkets' weekly price assessment for steel billet, domestic, exw Turkey, was $365-372 per tonne on Thursday, down from the $370-375 per tonne of last week.Long steel produce...Read More
China's domestic rebar prices edged up day on day on Thursday May 28 amid active trading following futures gains, sources said. Domestic Eastern China (Shanghai): 3,510-3,540 yuan ($491-495) per tonne, up by 10 yuan per tonneSome end users increased procurement rates following the strong futures prices, although many others still kept their purchases limited, Fastmarkets heard.Stronger demand push...Read More