By: Ira EpsteinI do not buy anything Trump is saying in front of NATO, for the press, in negotiations in his trade-deals. Next round of sanctions with China is nearing and will know more soon. Gold still not over the key 18-week moving average, negative bias remains..Read More
Gold and silver would have skyrocketed yesterday but for news of nearing of a trade deal. US November private ADP numbers stood at 67,000. If nonfarm payrolls on Friday matches ADP, then chances of interest rate cut in next week FOMC could be very high. Gold just corrected on trade deal news while silver fell. Crude oil zoomed. Trump has a history of flip-flop, unless a trade deal is actually si...Read More
Turkish steel producers skipped the day with no deep-sea bookings, while prices remained unchanged on tight supply, sources said on Thursday December 5.There were rumors of a UK or European cargo being sold at $282 per tonne cfr for HMS 1&2 (80:20), but market participants said the deal had not been closed."Suppliers have already...Read More
Influential bond investor Jeffrey Gundlach, the CEO of $150 billion DoubleLine Capital, sees a scenario where U.S. stocks get crushed in the next recession - and likely won't recover for quite some time to come.Even with Wall Street benchmarks just days removed from new record highs, the bearish investor declared that "the pattern of the United States outperforming the rest the world has already c...Read More
The seaborne iron ore prices have stayed rangebound on Thursday December 5, while demand for iron ore lump has started to improve.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $88.65 per tonne, down $0.41 per tonne.62% Fe Pilbara Blend fines, cfr Qingdao: $87.74 per tonne, down $0.41 per tonne.62% Fe low-alumina fines, cfr Qingdao: $88.25 per tonne, down $0.38 per tonne.58%...Read More
David Stockman, director of the Office of Management and Budget under Ronald Reagan and a critic of Donald Trump, joins me to discuss what he considers the Democrats' laughable case for impeachment, plus the likely Democratic nominee, and how the Federal Reserve hurts the average person. David Stockman is a former Republican congressman from Michigan and was President Reagan's budget director from...Read More
There is no alternative to the stock market - TINA. None dare call it QE. Debt monetization like Zimbabwe. $14 trillion of new confetti since 2007. No wonder the market hasn't crashed yet. But there will be a day when the recession comes and we'll turn to central banks and they'll be powerless. We're already in QE and zero percent money, what else can they do? What about the fiscal side of the leg...Read More
Rob Kirby is a financial commentator and former broker who worked on an institutional trading desk for most of the 1980s and right up until 1996. He also worked for 11 years at Prebon Yamane, an international inter-dealer broker of foreign exchange and interest rate products. He spent an additional year at another money/bond broker called Freedom Bond Brokers, then spent two years at Garban Inc.,...Read More
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Legalized sports gambling has had a noticeable affect on NFL television ratings this year, New York Giants co-owner Jonathan Tisch told CNBC on Thursday.Continue...Read More
Twitter has written "shadow banning" aka, censorship, into their new terms. The platform will now intentionally "limit the visibility" of some users. Expect those who dissent from the official narrative Continue...Read More
The major stock market indices will move sideways through the remainder of the month (and year) to end the year about where they are now. That said, if markets move outside a narrow range, there is moreContinue...Read More
Ronald-Peter St??ferle delivers another informative discussion on what the global economy is still yet to face. The warning signals are everywhere, as recession clouds are getting darker, quietly the central banks are accumulating more Gold than ever before, Ronald-Peter explains why.TOPICS IN THIS INTERVIEW:01:05 Recession clouds are getting darker05:35 Government and the FED, who is TRULY runnin...Read More
Our latest SBTV guest is Professor Steve Keen who was credited as the first Australian economist to have warned of the 2008 financial crisis years before it happened. Steve Keen believes the global economy is stuck in a 'lost decade' type of credit stagnation which will continue into the 2020s if private debt levels are not reduced.Discussed in this interview:02:28 Warnings from high private debt...Read More
"As the truth is trickling out of Iran, it appears the regime could have murdered over a thousand Iranian citizens since the protests began." Continue...Read More
While China is bracing for what may be a historic D-Day event on December 9, when the "unprecedented" default of state-owned, commodity-trading conglomerate Tewoo with $38 billion in assets may take place, it has already Continue...Read More
When it comes to JPM's Silver Rigging personnel the List is Long...but when will the RIGGING BOSSES see RICO charges?!Bix Weir has 30 years' experience in the financial industry with various fortune 500 companies. He is the creator of the "Road to Roota Theory" and his commentary is published at www.RoadtoRoota.com. Bix has dedicated his efforts over the last 15 years to exposing the long term man...Read More
Northern European steelmakers are expected to achieve increased domestic transaction prices in December, partially reflecting higher offers, sources told Fastmarkets on Thursday December 5.Fastmarkets' steel hot-rolled coil index domestic, exw Northern Europe, was ?,?431.63 ($479.15) per tonne on December 5.The assessment is based on "workable" prices reported by market sources at ?,?425-430 per t...Read More
The record-breaking gold nugget was discovered by a treasure hunter in May and weighs 4.28 ounces.Continue...Read More
Large regional construction projects will remain the main driver of steel demand in the Middle East in the medium term, steel sector professionals told Fastmarkets in a survey ahead of the 23nd Middle East Iron & Steel Conference in Dubai later this month.Infrastructure construction in Qatar for the 2022 Football World Cup and in the United Arab Emirates related to the Dubai Expo 2020 exhibition i...Read More