It keeps getting better. Japan announces a $1.1 trillion bailout plan, which equals 40 percent of their GDP. The EU just announced an $826 billion liquidity plan. Lufthansa gets $10 billion bailout offer but doesn't like the strings that came with it. Economies around the world are starting to reopen. Korea is having issues. In the US and elsewhere things are going pretty well. No vaccine or cure...Read More
Jason talks about Stephanie Pomboy of Macro Mavens wondering recently why gold prices are are not well above $1700/oz given the current state of the global economy and the policy responses by central banks & governments. The answer why is that a lot of paper price manipulation and rules changes have occurred in the last 8-9 weeks since the last week of March 2020 to prevent gold prices for going a...Read More
Man, with the major pandemic and economic risks we all have to deal with, it's so frustrating to have to waste time and energy addressing the plague of crap 'science' being dumped on us on a daily basis. It's so unnecessary. Our society knows how to do science well. But due to Big Pharma protecting its profits, or political agendas, or whatever the reasons may be - we are not getting rigorous trus...Read More
David Stockman explains why the lockdown is hurting 95% of Americans. David Stockman is a former Republican congressman from Michigan and was President Reagan's budget director from 1981 to 1985. After leaving the White House, Stockman became a managing director at Salomon Brothers, and he later founded a private equity fund. David is the founder of David Stockman's Contra Corner, and he is the au...Read More
"It's about time some heavily armed rednecks stood with fellow citizens."Read More
Authorities plead for calm as angry protests continue in Minneapolis over the widely publicized killing of George Floyd after his violent arrest. Former Minnesota Gov. Jesse Ventura joins Rick Sanchez to share his insights. He says that the protests constitute a "no-win situation" for officials. He argues that white people cannot understand the dangers facing over-policed black Americans. Jesse Ve...Read More
Each new bailout strengthens the case for history's go-to safe-haven asset, gold. This explains why, in the midst of a potential tsunami of deflationary defaults, the gold price is now at record levels Continue...Read More
Whether the current correction lasts another two weeks or seven weeks (pick a random number) it will not change the larger bullish setup that is in place for Gold and especially the gold stocks. Continue...Read More
Harley Schlanger's work can be found at LaRouchePAC.com.Read More
Some of today's questions:Billy Buehler: If both UBI and negative interest rates get implemented, will every month be a race to empty my checking account? Or work up the amount of debt beforehand and then pay it all off on payday?Martin Stevens: Gold has been holding at $1700 for a while now - when is it going to make its next upward push?Banhuevos 1: What are the pros and cons to negative rates f...Read More
Millennials face the worst comeback odds of any generation, already hammered by 2008's Great Recession, and now dealing with an economic slowdown akin to the Great Depression. Continue...Read More
That answer from Quarles effectively means that the Fed plans to keep its corporate bond buying program alive for at least half a decade. Here's how we know that.Continue...Read More
Pity them because they have spent their entire lives in a state of emergency.They were born in the wake of the 9/11 attacks; raised without any expectation of privacy in a technologically-drivenContinue...Read More
A top pulmonologist in the Netherlands says that thousands of Dutch residents who have recovered from COVID-19 may be left with permanent lung damage, resulting in decreased lung capacity and difficulty absorbing oxygen.Continue...Read More
Gold is embarking on a broad-based, decade-long bull market, and it's not a matter of if prices hit all-time highs but when it hits all-time highs, said one of the authors behind the annual 'In Gold We Trust' report.In an interview with Kitco News, Ronald-Peter Stoeferle, fund manager at Incrementum AG, said that a new monetary policy regime of low interest rates and high inflation is expected to...Read More
Bernard Baruch was one of the wealthiest speculators in American history. He started with nothing and worked his way up to becoming a war effort hero and a Continue...Read More
The price of shredded ferrous scrap imported into India in containers moved up on Friday May 29, on growing interest from mills returning to the market for the first time since the Covid-19 lockdown, sources told Fastmarkets.Fastmarkets calculated the steel scrap, shredded, index, import, cfr Nhava Sheva, India, at $275.21 per tonne on Friday, up from $266.67 per tonne a week earlier. Many market...Read More
Slab export prices in Brazil increased in the week to Friday May 29, with multiple deals and negotiations taking place in Asia.Fastmarkets assessed the price for steel slab export, fob main port Brazil at $345-355 per tonne on Friday, up by $5-10 from $335-350 per tonne the previous week.Demand for Brazilian slab has increased in Asia, with one deal concluded for 40,000 tonnes to China and another...Read More
Prices in Southeast Asia's steel billet market tumbled over the past week due to weaker demand from Chinese importers, sources said. Market participants attributed the reduction in Chinese demand to the weaker-than-expected economic stimulus announced at the country's recent annual parliamentary meeting, while adverse weather conditions are weighing on domestic rebar demand in eastern China, a maj...Read More
Technical analyst Clive Maund charts Black Tusk Resources and explains why he sees it as an "immediate strong speculative buy." If you are one of those people who likes to show up at a lavish party right at the starting bell, after weeks or even months of arduous preparation (by others) then this stock is for you. This is one of the most powerfully bullish setups I have seen for a long time and t...Read More