Greg Weldon breaks down the market fallout still ahead of us as a result of the coronavirus, why gold and silver won't be immune to the selloff that will continue to take place in all markets. Even though it could present a fantastic opportunity for precious metals investors. Gregory Weldon is CEO of Weldon Financial and Editor of the influential newsletters "Weldon's Money Monitor," the "Commodit...Read More

If you want to know why things are screwed up, take a good look at your family (not mine). The corona virus could be a pandemic, but Gerald thinks not. So far the mortality rate has been relatively low. Just like the weatherman likes to panic the public at the first sign of a hurricane, so to with our public health officials. Why believe one word that comes out of any government. They're lying. So...Read More

Is the January Effect dead? Is it now the February Effect? After Tesla nearly hit $1000 per share, it's now fallen almost 20 percent. Global trade contracted in 2019. Perhaps the world economy was already declining and this is just the final chapter of the stock market's long extended bull market. Passive investing is the dominant form of investing, whatever happened to stock pickers? And the debt...Read More

"I wish, again, to express my closeness to those who are ill with coronavirus and to health care workers who are caring for them." Continue...Read More

The market is now demanding almost 4 rate-cuts this year - a stunning example of the desperation for monetary policy mavens to save the world through easy money... and maintain the 'buy the dip' strategy that a generation of money managers has become conditioned to.Continue...Read More

A great many systems that are assumed to be robust are actually fragile. Exhibit #1 is the global financial system, of course, but Exhibit #2 may well be the healthcare system globally and in the U.S.Continue...Read More

Gold is being slammed lower despite a massive stock market sell-off.Continue...Read More

In short, the baby is being thrown out with the bath water. Continue...Read More

Prices in Southeast Asia's steel billet market continued to face multiple headwinds in the week to Friday February 28, despite the sustained uptrend in the bellwether Turkish ferrous scrap import market. Many buyers had replenished their inventories previously or expect the rise in scrap prices to be unsustainable, leading to sluggish demand, a trader in the Philippines said.Ferrous scrap prices i...Read More

A surge in Chinese high-carbon ferro-chrome production last year led to a jump in buying interest for chrome ore, resulting in a significant build-up of ore inventories in the country that is dampening market sentiment. At the same time, the increased output among Chinese ferro-chrome smelters is exceeding demand from the downstream stainless steel sector and is putting pressure on China's market...Read More

The findings will help Nexus Gold's geologists identify targets for future drilling. Nexus Gold Corp. (NXS:TSX.V; NXXGF:OTCQB) reported in a news release early results of samples taken from its recently acquired Manzour-Dayere gold exploration consession in Burkina Faso. Available results are for 12 samples taken from an active artisanal zone in the 19,053-hectare concession's northeast corner. T...Read More

The Canadian explorer, Galway Metals, hits one of its best intercepts in the company's history. In a news release, Galway Metals Ltd. (GWM:TSX.V) reported results from three highlight holes drilled at its Clarence Stream project in southwest New Brunswick. "Galway's strong drill results demonstrate that Clarence Stream is an emerging new gold district in North America," President and CEO Robert H...Read More

The price of stainless steel in the European domestic market was unchanged in the week ended Friday February 28, but decreases were expected from next week following mills' recent announcement of lower monthly alloy surcharges.The surcharges for grade-304 stainless steels came down substantially this week because of lower nickel prices. The nickel downturn also caused grade-316 surcharges to decre...Read More

Key data from the pricing sessions in Asia, Europe and the United States for the week ending Friday February 28. China  Novel coronavirus (2019-nCoV) continues to weaken sentiment for seaborne ore prices amid sharp falls in portside and alloy prices.  Portside prices fell on aggressive bids...Read More

Fed Chair Powell noted the central bank will take action if neededIn a historic week for the market, stocks once again found no footing amid worries over the coronavirus and its global economic impact. The blue-chip index briefly breached the 25,000 level and found itself more than 1,000 points in the hole at its session lows. This seventh straight loss for the Dow caps off a 3,583.26-point loss i...Read More

The coronavirus outbreak is nearing pandemic statusThere's only so many ways to describe the bloodbath that occurred on Wall Street this week. The coronavirus outbreak, nearing pandemic status, sent the Dow, S&P 500, and Nasdaq all into correction territory and headed for their worst weekly losses since October 2008. The Dow twice logged single-day losses of 1,000 points or more,while the 10-year...Read More

Wayfair stock is heading toward its sixth straight lossWayfair Inc (NASDAQ:W) reported its quarterly earnings this morning and the results aren't pretty. The furniture company reported an adjusted loss of $2.80 per share, larger than the anticipated $2.65 loss. And while Wayfair increased fourth quarter sales profits, fourth-quarter revenue also missed its mark.In response, W stock dropped 24.2% o...Read More

NVAX is still enjoying tailwinds after the vaccine announcementShares of Novavax Inc (NYSE:NVAX) are soaring today, up 12.3%, earlier peaking at $17.71, and last seen at $13.87. The clinical-stage vaccine company earlier in the week announced a COVID-19 vaccine candidate, which they hope to put into phase 1 clinical trial late this spring. NVAX is planning to utilize its proprietary Matrix-M adjuv...Read More

The Dow is looking at its worst weekly loss since the financial crisis The Dow Jones Industrial Average's (DJI) steep sell-off continues, as the blue chip index eyes its worst week since the financial crisis of 2008, on track for a roughly 13% weekly drop. Trade bellwether Boeing (BA) is leading the index's sell-off, while Apple (AAPL) is also suffering notable losses midday. The S&P 500 Index (SP...Read More

Stocks are set to get rocked againDow Jones Industrial Average (DJI) futures are pointing to another day of substantial losses for stocks. More countries have reported their first cases of the coronavirus, and the World Health Organization (WHO) warned the virus could spread all across the globe. Meanwhile, more businesses are lowering their yearly outlooks because of the outbreak, pushing traders...Read More