An app called Clearview allows the user to snap a photo of anyone. Once that's done, the person who took your picture will have access to all of your information. Continue...Read More
Cato Institute Research Fellow Patrick Eddington recently filed several Freedom of Information Act (FOIA) requests to find out if the Federal Bureau of Investigation ever conducted surveillance of several organizations dealing with government policy, including my Campaign for Liberty. Based on the FBI's response, Campaign for Liberty and other organizations, including the Cato institute and the Re...Read More
"There's a lot of chatter within the Fed...about whether their inflation targets even make sense."Nomi Prins is an American author, journalist, and Senior Fellow at Demos. She has worked as a managing director at Goldman-Sachs and as a Senior Managing Director at Bear Stearns, as well as having worked as a senior strategist at Lehman Brothers and analyst at the Chase Manhattan Bank. Prins is known...Read More
Keep an eye on Europe. I do not see any way of avoiding this crisis. Politicians are too busy with other things. The free market will push rates higher andContinue...Read More
Mike "Mish" Shedlock is a registered investment advisor and representative for Sitka Pacific Capital Management. His articles about the the economy and investing online can be found at Mish Talk. Read More
Data shows hate crimes against Black people, Latinos, Jews and transgender people hit a 16-year high in 2018. Investigative journalist Ben Swann breaks down the trend as gun-rights activists rally against proposed gun legislation in Richmond, Virginia.Read More
New data highlights that many young adults are still living with their parents deep into adulthood and this is largely being driven by economic reasons. Continue...Read More
"I just lost all the #Bitcoin I have ever owned. My wallet got corrupted somehow and my password is no longer valid. So now not only is my Bitcoin intrinsically worthless; it has no market value either."Continue...Read More
Palladium has soared by more than 25% in the last two weeks alone, and almost doubled in value over the last 12 months.Continue...Read More
"While the drivers of recent performance are not entirely clear-cut, we believe the surge in geopolitical tensions may have Continue...Read More
High demand for pig iron, mainly in Asia, has supported further price growth in the export pig iron market in Brazil, sources told Fastmarkets during the week ended Friday January 17.Fastmarkets' weekly price assessment for pig iron, export, fob port of Vitoria/Rio, was $320-325 per tonne on Friday, up by $5 per tonne from $315-320 per tonne a week earlier.A cargo of 60,000 tonnes was bought for t...Read More
The pig iron import market in the United States has gone up because suppliers have increased their offers, citing low availability of material for February and March shipments, sources told Fastmarkets on Friday January 17.Fastmarkets' price assessment for pig iron, import, cfr Gulf of Mexico, US, was $350 per tonne on Friday, up from $340-345 per tonne a week earlier.Suppliers from the Commonweal...Read More
Sector expert Michael Ballanger considers the last week in the stock and precious metals markets. Ever since Sept. 19, 2008, when Hammerin' Hank Paulson appeared in front of the U.S. Congress on bended knee and begged those clueless politicians for a bailout which he did successfully the spread of moral hazard throughout the world has been a contagion that makes the Bubonic plague appear as harml...Read More
Technical analyst Clive Maund looks at the charts and finds that gold may react back before continuing to climb. At first glance gold looks like it may be about to advance out of a bull Flag, but there are a number of factors in play that we will examine that suggest that any near-term advance won't get far before it turns and drops again, and that a longer period of consolidation and perhaps rea...Read More
Gusa Brasil, formerly knows as Sidepar, partly restarted operations in the state of Par?? in northern Brazil in early January, with the first pig-iron sale made in the middle of the month, sources told Fastmarkets.The restart will add a small tonnage to the pig iron market, however, so participants only expect a minor impact, Fastmarkets was told."Pig iron prices have improved so that makes it rea...Read More
Technical analyst Clive Maund charts silver and predicts a small drop in the price of the metal. If gold is looking set to react back over the short to medium term, which it does, then it implies that silver, which is weaker at this stage in the cycle, is set to react back too.On silver's latest 6-month chart we can see that the fairly tight pattern that has developed over the past several weeks,...Read More
The price of steel billet fell in most regions in the week ended Friday January 17 due to an unexpected drop in ferrous scrap prices in Turkey.The downturn in Turkish deep-sea scrap import prices affected scrap prices in other regions and put downward pressure on the global billet markets.A steel mill in the Izmir region booked a US cargo of 35,000 tonnes of HMS 1&2 (95:5) at $295 per tonne cfr la...Read More
Offers for CIS-origin billet started to slide on Monday January 20, following last week's drop in scrap prices and weakening sentiment in the finished long steel market.Fastmarkets' daily index for steel scrap, HMS 1&2 (80:20 mix), US origin, cfr Turkey, tumbled by around $15 to $288.80 per tonne last Thursday, after a steel mill in the Izmir region booked a US cargo of 35,000 tonnes of HMS 1&2 (9...Read More
China's domestic rebar prices were unchanged on Monday January 20 amid a pre-holiday lull, though some optimism has emerged over demand for the long steel product after the Chinese New Year. Eastern China (Shanghai): 3,640-3,670 yuan ($531-535) per tonne, unchangedNorthern China (Beijing): 3,540-3,560 yuan per tonne, unchangedLocal governments in China have issued 655.7 billion yuan worth of speci...Read More
Samancor Chrome has provisionally decided to restructure its mining and smelting operations in a move that will reduce staff and production levels due to the deteriorating chrome markets and rising power costs, Fastmarkets has learned. South Africa's largest ferro-chrome producer wrote to employees and unions on Friday January 17, in letters seen by Fastmarkets, warning that it had made the provis...Read More