Here are five Fastmarkets stories you might have missed on Thursday June 25 that are worth another look.Striking workers have put all industrial action at Tata Steel IJmuiden on hold until Friday June 26 to negotiate with management, Dutch trade union FNV Metaal said this week.Demand for copper in Europe is weak and economies are struggling to restart after coronavirus-related lockdowns, forcing c...Read More
Turkish steel producers returned to the deep-sea scrap market on Thursday June 25, attracted by lower prices, sources told Fastmarkets.A steel mill in the Osmaniye region booked a 27,500-tonne US cargo, comprising HMS 1&2 (80:20) at $261 per tonne, shredded at $266 per tonne and bonus scrap at $271 per tonne cfr. The cargo's composition was not clear at the time of publication.The previo...Read More
David Haggith Look at the plethora of problems in my list of 2020 economic predictions, which are so severe and so likely to get even worse that it's more difficult to imagine they won't get worse than to believe they will. Some are so bad that just a few of them would plunge us into an abyss of social and financial catastrophes.Here are my economic predictions for the remainder of 2020This...Read More
By: Chris MarcusThe majority of financial market participants were blindsided by the Federal Reserve's recent historic actions following the reported outbreak of the Corona virus.Yet for those who know about G. Edward Griffin and his legendary book "The Creature From Jekyll Island," the latest financial moves came as little surprise. As a result, they were prepared in advance.So to find out what...Read More
By Avi Gilburt, ElliottWaveTrader.netWhile many viewed unemployment, or the Covid virus, or the slowed GDP, or a myriad of other factors as reasons to believe the market is "dangerous," I propose that these four-letter words are more dangerous to your investment account than anything else:NEWS, BIAS, and HOPEYou see, many will turn to the news to determine which direction the market will move....Read More
By: Ira EpsteinSilver was a miserable failure trying to join the party. Gold as lots of resistance here but it does not mean that it will not break to the upside:Read More
The latest forecasts from Fastmarkets' team of analysts are ready to view.The recent announcement about Vale's resumption of operations in Brazil, along with new concerns about a slump in demand because of heavy rainfall in China, has resulted in the end of the iron ore price rally. There has also been pressure from tight steel spreads, with the operating margins for Chinese steel mills shrinking...Read More
Data is increasingly suggesting that the first wave of covid-19 in a country (or state) is the worst. The most people get infected during that initial period, as expected with a virus with an R0 this high. Many US states are still in their first waves, especially those in the South and West seeing re-surging infections. The battle there remains focused on preventing things from getting out of cont...Read More
We've had many requests for Mike Maloney's opinion on Brent Johnson's 'Dollar Milkshake Theory', so we decided to go one better - a conversation between Mike and Brent covering the dollar, gold, and their expectations for the economy in general. Don't miss this 25 minute clip, it is packed with very useful information. Find Brent at santiagocapital.com.?>>?Michael Maloney is a precious metals inve...Read More
*This interview was recorded on March 28, 2020What happens when an upheaval so massive forces financial markets, governments, and society to rethink how our systems work? Michael Krieger, author of the Liberty Blitzkrieg, joins Real Vision to explain what coronavirus and the response to the outbreak has revealed about the condition of American systems - from financial markets to the health care sy...Read More
For the first time since the Great Depression, both advanced and emerging economies are going into recession in 2020. In this video Lynette shows you what economist just said the dollar could decline at "Warp Speed". Then she breaks down what you need to know about both the "Trickle Down" and the "Trickle Up" theories, along with the 4 biggest changes that should influence every choice you make fr...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
http://financialrepressionauthority.c...John Mauldin is a renowned financial expert, a New York Times best-selling author, a pioneering online commentator, and the publisher one of the first publications to provide investors with free, unbiased information and guidance, Thoughts from the Frontline-the most widely read investment newsletter in the world. Each week, well over a million readers turn...Read More
Mohamed El-Erian, chief economic advisor at Allianz, joins "Squawk Box" to discuss Wednesday's market plunge as well as the prospects for an economic and financial recovery from the coronavirus crisis.Mohamed El-Erian is the Chief Economic Adviser of Allianz, a multinational financial services company. He is the former CEO and co-Chief Investment Officer of PIMCO, a global investment firm and one...Read More
For Part 1 of this interview, CLICK HEREG. Edward Griffin talks about his thoughts on the silver market, what really happened with JFK and the silver certificates, and how people can actually respond to the wild events they see taking place around them.G. Edward Griffin is an American film producer, author, and political lecturer. He is best known as the author of The Creature from Jekyll Island:...Read More
The little-known feature is buried deep within your iPhone settings, and shows your exact movements over the past few months.Continue...Read More
Just as Afghanistan became a safe haven for terrorists in the 1990s, though a hell-hole for its people, Libya has gone the same way.Indeed, it has become the perfect laboratory - and one located close to Europe - for indoctrination and terrorist training. With so many Libyans engaged in fighting each other, the terror groups can hole up in camps far from any police or state control.Continue...Read More
"This whole scamdemic has been a deliberate way to cull small businesses to allow the merger to complete itself between corporations and...this New World Order."Gregory Mannarino started his career working for the securities and trading arm of the now defunct Bear Stearns before the dot-com bubble. After realizing that working on Wall Street was not like the movies, he moved on to get a medical de...Read More
Wolf Richter just published some charts that, for anyone with a sense of stock market history, are pretty ominous. It seems that the major market indexes that recently soared Continue...Read More