Digital, state-issued currency is the "inevitable" next step of our economic evolution, says Cameron Chell, executive chairman of CurrencyWorks, who concedes it can be a "scary proposition."Speaking to Michelle Makori, editor-in-chief of Kitco News, Chell said that digital dollars, which fundamentally function differently a dollar that is digital, will eventually be adopted by governments."Ultimat...Read More
Jim Wyckoff, senior analyst of Kitco News, expects more bearishness for gold and silver in the immediate future.After a stronger than expected jobs report, with the economy adding 850,000 nonfarm jobs, higher than the initially expected 700,000, gold climbed higher along with equities.This is Wyckoff's forecast for the remainder of the year.Read More
Questions taken up today: 1.) Is Putin right when he said that, even if Russian forces sunk the HMS Defender, it would not lead to war? 2.) Do Europeans support the Green New Deal, as European Central Bank Chair Lagarde claims? Is it possible to have an honest debate on whether "climate change" is caused by human activities? 3.) Anything new to report on the status of Julian Assange? 4.) Is the 4t...Read More
00:00 Intro00:20 - Silver Supply/Demand dynamics and the current supply crunch.10:12 - Is there any way to replace silver?13:07 - What does investment demand in silver look like currently16:19 - Why the disconnect between the paper and physical silver prices and when will it end?20:15 - How is First Majestic will capitalize on growing silver demand22:57 - Will political hostility further contain s...Read More
Harry Dent is a Fortune 100 consultant, new venture investor, noted speaker, bestselling author, and the founder and senior editor at Dent Research, where he dedicates himself to identifying and studying demographic, technological, and geopolitical trends. He has a free daily newsletter at www.harrydent.com called "Survive and Prosper." Mr. Dent accurately predicted Japan's collapse in 1989, the d...Read More
We are not even 6 full months into Biden's presidency and his tax plans, specifically trying to get rid of the 1031 tax exchange, are really hurting small businesses, family farms and real estate investors in local communities. Joe Biden Declares War on Family Farms, Owner Occupied Businesses and Home Ownership https://www.theinstitutionalriskanaly...Carol Roth's new book just released: The War on...Read More
Join Mike Maloney in his latest 48 minute presentation in which he makes a public apology to Jeffrey Christian of CPM Group for using an image that Mr Christian did not like, along with a detailed thought experiment of what silver's price could be if several metrics from the 1980 rush play out in today's financial environment. You'll also learn about the ten-trillion dollar lie that government acc...Read More
0:00 - $150 silver, $3,000 gold2:30 - Bull cycle length5:50 - Sentiment on gold, silver8:50 - Inflation and metals9:38 - Fair value for gold?14:37 - Gold miners18:25 - Basel III20:31 - "Summer fireworks"Sentiment for gold and silver are weak, right now, said Lobo Tiggre of the Independent Speculator. Tiggre told David Lin, anchor for Kitco News, that he never wants to be a "mindless cheerleader" i...Read More
This will be the largest settlement in a child sexual abuse case in United States history. The Boy Scouts of America filed for Continue...Read More
"Violent groups try to manipulate your anger and disappointment," adds the latter missive, exhorting netizens to "take action now to protect yourself and others."Continue...Read More
All you have to do is tell them they are being attacked and denounce the pacifists for lack of patriotism and exposing the country to danger. It works the same way in any country.Continue...Read More
Socialist central planning has been elevated to a new art form based on control of the economy from the commanding heights of finance.Continue...Read More
Steve Penny joins us live for a silver market update!Steve Penny is a full-time trader specializing in silver, gold, and uranium. Steve Penny's Silver Chartist: https://www.silverchartist.com.Read More
In short, it's time to admit that California's "green" push has been a complete disaster, and is about to leave millions of people in the dark during hot, sweaty days, leading to countless deaths.Continue...Read More
Though gold's daily chart doesn't show much of a discernible trend, the weekly chart is helpful for Continue...Read More
Monthly European alloy steel surcharges for grade-316 stainless steel have surged for July because of a sharp increases in the price of molybdenum, Fastmarkets heard on Friday July 2.Fastmarkets' calculation of stainless steel cold-rolled sheet 316 2mm alloy surcharge domestic, Europe was ?,?2,902-2,946 ($3,439-3,492) per tonne for July, up by ?,?242-271 per tonne from June.The substantial increas...Read More
East China's rebar prices dropped on Friday July 2 due to weak demand on poor weather during the day, ending the week 10 yuan per tonne lower than June 25.DomesticEastern China (Shanghai): 4,830-4,860 yuan ($746-750) per tonne, down by 40-50 yuan per tonneNorthern China (Beijing) weekly assessment: 4,780-4,820 yuan per tonne, up by 20-30 yuan per tonneHeavy rain in large parts of eastern and south...Read More
When credit spreads narrow, it’s bad for gold. But this time there is a silver lining we can look for, although it’s quite adverse for the economy.There are several important factors affecting gold prices. Many analysts focus mainly on the US dollar and real interest rates . However, what is sometimes even more important is economic confidence. Of course, the level of economic confiden...Read More
The pig iron export market in Brazil remained calm in the week to Friday July 2, waiting to see how the global market will react to Russia's plan to impose export duties on a range of metal products.Fastmarkets' price assessment for pig iron, export, fob port of Vitoria/Rio, Brazil, was $620-625 per tonne on Friday, widening upward from $620 per tonne a week before.Offers from the south...Read More
The United States' pig iron import market was muted during the week to Friday July 2 because buyers preferred to wait to see the effects on the market of the announcement of an export duty by Russia.Russia is the largest global pig iron supplier. It intends to impose a temporary export duty on pig iron at the level of 15% but no less than $115 per tonne, to be effective from August 1 until Decembe...Read More