China's domestic rebar prices moved up further on Tuesday December 10 on early gains in the futures market, though sentiment among participants remained bearish. Eastern China (Shanghai): 3,910-3,940 yuan ($555-560) per tonne, up 10 yuan per tonneNorthern China (Beijing): 3,650-3,690 yuan per tonne, up 10 yuan per tonneSellers kept raising their prices after rebar futures climbed steadily in the m...Read More
One would have to place their trust in unicorns, sasquatch, leprechauns, and the tooth fairy to believe the current economic construct is sustainable. You also need to be woefully ignorant of history. In fact, there has never been a nation that engaged in massive debt monetization and did not eventually face hyperinflation, depression, and mass chaos. There is simply no such thing as magic, and yo...Read More
The Fed will cut all the way to 0% if needed, contrary to what markets are pricing in, this according to Peter Schiff, CEO of Euro Pacific Capital.Peter Schiff is an internationally recognized economist specializing in the foreign equity, currency and gold markets. Mr. made his name as President and Chief Global Strategist of Euro Pacific Capital. He frequently delivers lectures at major economic...Read More
Gold will resume its upward trajectory towards the end of Q1 2020. US stock market will not see a blow-off yet. Interest rates are not going up, they're going lower still. Starting middle of January long rates will be heading down. Unemployment will pick up next year and recession is likely. Oil longer term cycles are down, as low as $36 per barrel. Natgas hit it's price target on the down side an...Read More
Remember just a few months ago when repo rates went from 1 percent to 10 percent overnight. The Fed assured us that it was because of quarterly tax payments, or who knows may it was a YouTube video that caused the meltdown. Well, we speculated from the get go that it was one or more major banks going bust. We were close to the truth, at least according to the BIS (Bank for International Settlement...Read More
Ronald looks back at gold's performance during 2019 and discusses how it operates as a seventh sense in the market. Gold is revealing issues and projecting an increase in recessionary and inflationary concerns. Both of these topics are quickly becoming contrarian perspectives as the Economist magazine recently noted in their Special Report that "We have reached the end of inflation." Sentiment for...Read More
The global monetary system underpinned by massive government debt can subsist for only so long before reality kicks in. What will come next?Massive wealth transfer, says Christopher Martenson, CEO and co-founder of Peak Prosperity. He argues faith in the US dollar is not eternal, and those holding bonds, stocks, and fiat currency will bear the brunt of the fallout.That is why big players from bill...Read More
Matt Farah is a car enthusiast and the host of "The Smoking Tire" seen on YouTube and also a podcast available on Apple Podcasts.Read More
"Travelers, including U.S. citizens, should not have to submit to invasive biometric scans simply as a condition of exercising their constitutional right to travel." Continue...Read More
When China blows the whole thing blows, starting with corporate debt. Then spreading to the biggest real estate bubble wherein consumers have 89% ownership and 75% of their net worth in real estate... Continue...Read More
Max interviews Dominic Frisby about the history of taxes as outlined in his new book, DAYLIGHT ROBBERY. They discuss the history of taxation; from Mesopotamia to modern day France and the Yellow Vest movement. They also look at having a land value tax instead of income tax, which Frisby suggests is the worst of all options.Max Keiser is an American broadcaster and film-maker. He hosts Keiser Repor...Read More
Freshly back from presenting his forecast of THE TOP 5 MINING STOCKS for 2020 at the 2019 Silver & Gold Summit in San Francisco, Jeff Clark, Senior Precious Metals Analyst for GoldSIlver.com, returns to Finance and Liberty & ReluctantPreppers to explain his provocatively titled recent article, "You Stupid Gold Bugs, Trade Wars Risks Are Over, so SELL YOUR GOLD!"Jeff's Risk Analysis Article Discuss...Read More
The next round of quantitative easing - official, actual quantitative easing - is fast approaching. Yes... the Federal Reserve will soon be clearing for emergency action.Continue...Read More
Ben Swann breaks down the key points of the new USMCA and explains why despite claims by the Trump administration and Congressional Democrats, the new North American trade deal is only a little better than NAFTA.Read More
Dangerous levels of radiation have been detected at a sports complex where the 2020 Tokyo Olympics torch relay will kick off next year, according to a new report by Greenpeace.Continue...Read More
"Gold cannot fully replace government bonds in a portfolio, but the case to reallocate a portion of normal bond exposureContinue...Read More
Mogale Alloys has issued a Section 189 notice - a South African legal requirement representing an intention to retrench staff - amid low chrome ore and ferro-chrome prices. Ilitha Mining, another subsidiary of Afarak, has also issued a Section 189 notice, the company said. Helsinki and London-listed mining and metallurgical group Afarak said on Monday December 9 it has been forced to scale down op...Read More
Consequently, additional drill testing is warranted in the specific host zone. Defense Metals Corp. (DEFN:TSX.V; DFMTF:OTC; 35D:FSEQB) announced in a news release the assay results from two holes diamond drilled at its Wicheeda rare earth elements (REEs) project near Prince George, Canada.Hole WI19-28 returned 2.46% light rare earth oxide (LREO), or cerium, lanthanum, neodymium, praseodymium, and...Read More
Today's environment is drastically different than it was in the late '70's and early '80s when inflation was nearly out of control. Today, disinflation is the primary challenge central banks Continue...Read More
Precious metals expert Michael Ballanger takes a look at the factors behind silver's recent price decline. In this week's commentary, I am going to respond to the rash of end-of-the-world emails and terror-stricken texts that bombarded me after the BLS reported a better-than-expected Non-Farm Payrolls number Friday that sent stocks screaming higher and the precious metals into a nosedive. I must...Read More