A man used a firearm to stop looters from ransacking his cigar shop during riots sparked by the killing of George Floyd. Continue...Read More
Jordan discusses Silver, fundamentals, key levels, potential targets and upside potential.Jordan Roy-Byrne, CMT is a Chartered Market Technician and member of the Market Technicians Association.. He is the publisher and editor of TheDailyGold Premium, a publication which emphasizes market timing and stock selection for the sophisticated investor, as well as TheDailyGold Global, an add-on service f...Read More
Central banks have created a "milkshake" of different currencies and pushed liquidity into the global economy. As of 2016, the US started raising rates while the rest of the world was "mixing" the milkshake. As a result, raising rates acts as a straw that sucks the capital into the United States.So what is the outlook in the post-coronavirus economy? Brent Johnson, CEO of Santiago Capital, explain...Read More
"Every step which leads from capitalism toward planning is necessarily a step nearer to absolutism and dictatorship.""Once politics become a tug-of-war for shares in the income pie, decent government is impossible".Continue...Read More
"We believe this is a game changer. It will reduce strain on the healthcare system, we'll have fewer people getting into a critical condition...WeContinue...Read More
"If a city or state refuses to take the actions necessary to defend the life and property of their residents, then I will deploy the United States military and quickly solve the problem for them." Continue...Read More
In a Wedensday manuscript detailing how high-risk COVID-19 patients should be treated, Risch notes that the combination of hydroxychloroquine (HCQ) and the antibioticContinue...Read More
This means that the lower (and more negative) central banks push rates, the lower (not higher) the spending, the higher (not lower) the savings rate, the lower the inflation, the higher the disinflation Continue...Read More
Silver futures posted a gain of nearly 24% for the month of May, the largest since 2011.Continue...Read More
China's domestic rebar prices moved up on Monday June 1 following early gains in the futures market that emerged in response to positive data on downstream demand.Domestic Eastern China (Shanghai): 3,570-3,600 yuan ($500-504) per tonne, up by 40 yuan per tonneChina's steel purchasing managers' index for May was 50.9 points, which is 5 points higher than that for April, the China Federation of Logi...Read More
The European Commission (EC) plans to replace general annual quotas for hot-rolled coil with quarterly country-specific quotas and introduce some other strict measures to existing safeguard restrictions against imported steel, Fastmarkets understands.The EC sent a notice listing the changes to the World Trade Organization on May 29. The EC initiated a second review of the existing safeguard measur...Read More
Group Ten Metals' states its findings suggest a gold-rich mineralization may occur there along with platinum, palladium, nickel, copper and cobalt. Stillwater West PGE-Ni-Cu Project - 2019 DrillingGroup Ten Metals Inc. (PGE:TSX.V; PGEZF:OTCQB; 5D32:FSE) announced in a news release that additional exploration work returned high-grade gold (Au), platinum (Pt) and palladium (Pd) mineralization at Pi...Read More
Sector expert Michael Ballanger bemoans the panic-inducing influence of politicians and the influx of "counterfeit currency" from central banks on the money and commodities markets. One look at the chart of the U.S. financial markets against the backdrop of economic paralysis and suffering, and one is immediately filled with a myriad of emotions. Sympathy for those that have been afflicted by the...Read More
Prices in the European high-carbon and low-carbon ferro-markets increased in in the week ended Friday May 29.In high-carbon trading, industry sources reported deals agreed for more than 1,000 tonnes of alloy that raised the upper end of the price assessment. And deals for about 350 tonnes of more refined-grade material were reported, which had the same effect on the price range in that market.In a...Read More
Protests and relations with China do little to dash investor's hopes regarding U.S. economyDespite an uprising in social turmoil in the U.S., stocks marked the first day of June with gains. The Dow closed up 91 points, while the S&P 500 and Nasdaq marked closes modestly in the black. Despite relations with China on the brink of collapse, investors in the U.S. are still optimistic as the economy co...Read More
ET is cutting around 6% of its workforceThe shares of Energy Transfer LP (NYSE:ET) are up 1.2% at $8.26, after announcing that it's cutting around 6% of its workforce next week to combat the impact of coronavirus. With the energy sector hit particularly hard by the pandemic, especially in regard to oil and gas, Energy Transfer executives said in early May that it would cut operational and capital...Read More
Calls are more popular overall, but options traders have been unusually put-heavy of lateOver the last 10 trading days, the 20 stocks below have attracted the highest weekly options volume, thanks to data courtesy of Schaeffer's Senior Quantitative Analyst Rocky White. Stocks highlighted in yellow are new to the list. Standing out this week is Twitter Inc (NYSE:TWTR), a company that recently made...Read More
This weekend's protests are holding stocks level midday The Dow Jones Industrial Average (DJI) is hovering above breakeven at midday, as Wall Street attempts to break down the economic implications of this weekend's protests, especially amid the gradual economic reopening. The S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are also trading flat at the halfway point, inching higher after a mo...Read More
"Now is not the time to celebrate," Google said in a message on its websiteThe shares of Google (NASDAQ: GOOGL) are up 0.5% at $1,441.58 this morning, after the company postponed this week's unveiling of its latest Android 11 mobile operating system, in light of protests and civil unrest over the killing of George Floyd last Monday. "We are excited to tell you more about Android 11, but now is n...Read More
ZNGA is planning to buy Peak for $1.8 billionThe shares of Zynga Inc (NASDAQ:ZNGA) are up over 3.2% at $9.44 this morning, marking a fresh eight-year high after announcing its acquisition of mobile-game maker Peak for $1.8 billion. This deal will mark the largest purchase of a Turkish startup on record, and will include about $900 million in cash and $900 million in stock. On Zynga's end, the comp...Read More