Erik Townsend and Patrick Ceresna welcome Keith McCullough to MacroVoices. They discuss the macro themes of the last quarter of 2019, what is next for the Chinese economy, long short pairs trade in software industry and moreMr. Keith R. McCullough is the Founder and CEO of Hedgeye Risk Management LLC. He covers the strategy sector at the firm. Prior to founding the firm, Mr. McCullough was a Partn...Read More

Axel Merk is the Founder, President, Portfolio Manager, and CIO at Merk Investments LLC. He is an expert on qualitative research and macroeconomic trends. Mr. Merk is also an expert on macro trends, hard money, international investing, and on building sustainable wealth, and he is a pioneer in the use of strategic currency investing to seek diversification. He is a speaker and author on topics ran...Read More

"We are removing any and all mentions of the potential whistleblower's name and will revisit this decision should their name be widely published in the media or used by public figures in debate.Continue...Read More

Central banking can only exist at the expense of Liberty. The longer that it exists, the more Liberty it destroys. Ultimately, one of the two must give.Dr. Ron Paul is a physician and former twelve-term congressman from Texas who ran for president in 2008. He is the author of eight books, including the New York Times bestsellers The Revolution: A Manifesto and End The Fed. An unwavering defender o...Read More

Eric Sprott discusses this week's downturn in precious metal prices while also providing his perspective on several mining companies which have recently reported quarterly earnings.Eric Sprott has more than 40 years of experience in the investment industry. In 1981, he founded Sprott Securities (now called Cormark Securities Inc.), which today is one of Canada's largest independently owned securit...Read More

Portfolio Manager, attorney, finance author, a regular guest on North American media. Danielle Park is the author of the best selling myth-busting book "Juggling Dynamite: An insider's wisdom on money management, markets and wealth that lasts," as well as a popular daily financial blog: www.jugglingdynamite.com. Danielle worked as an attorney until 1997 when she was recruited to work for an intern...Read More

Slides and Links: https://www.itmtrading.com/blog/inves...A leveraged loan is typically used in LBOs (leverage buyouts) where a corporate merger or acquisition is funded by debt initially funded by either a bank or a non-bank. Then, "using the leveraged loan market as a wallet" additional debt is put on the corporation to fund dividend payouts. Once that money has been paid out, it's no longer ava...Read More

A handful of chart by Albert Edwards at Society General suggests a recession is long overdue.Continue...Read More

The Federal Reserve's grand scheme to raise asset prices and create a "wealth effect" has many unintended consequences, not the least of which is pricing young people out of the real estate marketContinue...Read More

"The U.S. economy has experienced more than $500 billion in direct losses over the last five years due to climate and weather-related events. In addition, climate change has significantContinue...Read More

Despite the NY Fed disclosing recently that Repo Madness averages (means that some days it's a lot higher) $190 billion dollars per day and not $120 billion dollars per day, the US Dollar Index is rallying and back over 98.The Fed's official balance sheet increased another $20 billion dollars in the last week. It's now increased $72 billion dollars in just the last 2 weeks and $279.5 billion dolla...Read More

Prices for 18/8 stainless steel scrap increased this week in Europe despite market participants insisting that demand was still at "rock bottom", sources told Fastmarkets on Friday November 8. While mills continued to enjoy high discounts for the nickel component of the scrap, traders said the recent fall in alloy scrap prices had happened too quickly and that scrap merchants were u...Read More

The inter-merchant spot market for light iron scrap in the UK moved up by ?5 ($6) per tonne in the week ended Friday November 8, repeating the increase by a similar amount the week before, on steady domestic demand and higher European export prices.Fastmarkets' weekly price assessment for steel scrap 5C, loose old light, domestic, delivered inter-merchant, UK, was ?70-90 ($90-116) per tonne on F...Read More

The pig iron import market in the United States strengthened in the week ended Friday November 8 on higher scrap prices, sources told Fastmarkets. Fastmarkets' price assessment for pig iron, import, cfr Gulf of Mexico, US, was $320-325 per tonne, up from $310-312 per tonne a week earlier."The scrap price has rebounded by $20 [per gross ton]; that will support pig iron prices," one buyer in the US...Read More

Slab export prices from Brazil were unchanged on Friday November 8 amid high iron ore costs and improved sentiment in the United States.Fastmarkets' weekly price assessment for steel slab exports, fob Brazil, remained at $355-360 per tonne on Friday.Offers to the US continued to be reported at $350-360 per tonne fob, as high costs for iron ore continued to pressure...Read More

The Critical Investor does a deep dive into this explorer's drill program at its Yukon silver project. Haldane Exploration camp, YukonAll cashed up after raising C$1.1 million in an oversubscribed financing in July, Alianza Minerals Ltd. (ANZ:TSX.V) was ready for its 2019 Phase II drill program at its flagship Haldane silver project, after the Phase I drill target defining program was completed e...Read More

CIS billet producers continued to insist on the prices that were offered to foreign customers earlier this month for December-rolling material, despite the lack of trading activity this week, Fastmarkets learnt on Friday November 8.The material was available mainly from Russian mills for around $380 per tonne fob.Meanwhile, most Ukrainian mills were absent from the market. Three mills - Dneprovski...Read More

Prices for imported and domestically produced billet in Turkey increased in the week to Thursday November 8, following the rise in the segment of scrap.Offers for imported billet from the CIS region were mainly within the range of $390-400 per tonne cfr, depending on the region, sources told Fastmarkets.There were also offers at $405-410 per tonne cfr, but these were considered too high by market...Read More

Stainless steel prices in Europe stabilized on Friday November 8 after falling ?,?100 per tonne a week ago, but market participants told Fastmarkets that poor demand and plentiful supplies were still a major issue.Fastmarkets' price assessment for stainless steel cold-rolled sheet, 2mm, grade-304, transaction domestic, delivered North Europe, was ?,?2,200-2,250 ($2,433-2,489) per tonne on November...Read More

Key data from the pricing sessions in Europe, Asia and the United States for the week ending Friday November 8. China  The high-grade manganese ore index recovered some of the recent losses after a number of large sales were made above the previous week's index.  Seaborne low-grade manganese ore prices slid amid persistently weak market sentiment and lower producer offers.  An incre...Read More