By: Ira EpsteinI am bullish gold, but don't want $1,463 taken out. We are above 18-dma, $1,499.60 resistance area:Read More
There will be short covering and subsequent buildup of long positions if gold and silver rise today and tomorrow. There was no surprises in FOMC meet. Now the focus will shift to European central bank meeting, impeachment news related to Trump and UK elections and the key trade deal. Fed Chairman Jerome Powell said the economic outlook for the U.S. was favorable as the central bank announced its...Read More
Turkish steel producers have resumed their deep-sea scrap purchases after a short break for negotiations, sources said on Thursday December 12.A steel mill in the Marmara region booked a 40,000-tonne US cargo, comprising HMS 1&2 (80:20) at $297 per tonne, shredded at $302 per tonne and bonus at $307 per tonne cfr.A steel producer in the Iskenderun region booked a 30,000-tonne Baltic Sea cargo of H...Read More
Physical iron ore prices softened on Thursday December 12 amid losses in Chinese rebar prices and news of production restrictions in Anyang city, central China.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $94.02 per tonne, down $0.65 per tonne.62% Fe Pilbara Blend fines, cfr Qingdao: $93.11 per tonne, down $0.65 per tonne.62% Fe low-alumina fines, cfr Qingdao: $93.63 per t...Read More
"You can have a fiat money standard if people have confidence. There are a couple of ways to destroy confidence. One, too much debt, and the other one is inflation. Inflation is not much of a problem right now but too much debt is, because it points to inflation as a way out." Part 1 (part 2 below)"With slow growth I think you'll see one, maybe two rate cuts, that will give the stock market a boos...Read More
On Wednesday the Federal Reserve paused its interest rate reduction campaign while again going with the "nothing to see here" routine. Although fortunately Michael Pento of Pento Portfolio Strategies was kind enough to join me on the show to reveal what the Fed left unsaid.He talked about how the impact of years of misguided Fed policy has created what's unfolding in the markets now. As well as ho...Read More
Steel billet prices in Turkey increased over the past week in response to the rising cost of imported scrap, sources told Fastmarkets on Thursday December 12.Suppliers of material from the Commonwealth of Independent States (CIS) raised their offers for Turkey to $420-425 per tonne cfr this week, up from $410-415 per tonne last week. However, buyers in Turkey prefer domestic billet...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
Peter Schiff on Fox Business 12/11/2019Peter 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 and investment conferences, and is quoted often in the print media, including the Wall Street Journal, New Y...Read More
In addition, players who test positive for opioids, fentanyl, cocaine and synthetic THC will be referred for treatment before they're disciplined.Continue...Read More
"Project Veritas has dozens of insiders inside these companies filming right now."Read More
Stephen Roach, former Morgan Stanley Asia chairman, discusses phase 1 of the trade deal between U.S. and China on CNBC's "Closing Bell."Stephen S. Roach, former Chairman of Morgan Stanley Asia and the firm's chief economist, is a senior fellow at Yale University's Jackson Institute of Global Affairs and a senior lecturer at Yale's School of Management. He the author, most recently, of Unbalanced:...Read More
Peter Schiff, CEO of Euro Pacific Capital, talks about the Phase 1 trade deal news, the state of the coming elections and why "government is a cancer" that will eventually consume the U.S.Peter Schiff is an internationally recognized economist specializing in the foreign equity, currency and gold markets. Mr. Schiff made his name as President and Chief Global Strategist of Euro Pacific Capital. He...Read More
Danielle DiMartino Booth spent nine years as an advisor to Richard W. Fisher at the Federal Reserve Bank of Dallas. Danielle left the Fed in 2015 to found Money Strong, LLC, an economic consulting firm and launched a weekly economic newsletter She is the author of Fed Up: An Insider's Take on Why the Federal Reserve is Bad for America. DiMartino Booth began her career in New York at Donaldson, Luf...Read More
"We need to break the gridlock that has dominated Parliament for the last three years. We need a functioning working majority."Continue...Read More
"One China deal isn't going to solve our problems with China," said Sen. Marco Rubio. "It may get us through some short-term friction but we have big systemic problem with trade with China."Continue...Read More
The bill "allows indefinite detention of Americans without charge/trial, reauthorizes intelligence agencies without reforms to protect Americans' rights, violates the original budget caps, and makes Continue...Read More
Our guest on SBTV this week is Bill Murphy, the Chairman and Director of the Gold Anti-Trust Action Committee (GATA). Bill is a veteran in the gold and silver industry known for his dogged efforts in calling out market manipulation in the precious metals markets by bullion banks and the government.Discussed in this interview:03:45 Gold and collapse of Long-Term Capital Management08:52 Culprits in...Read More
Peter Schiff is an internationally recognized economist specializing in the foreign equity, currency and gold markets. Mr. Schiff made his name as President and Chief Global Strategist of Euro Pacific Capital. He frequently delivers lectures at major economic and investment conferences, and is quoted often in the print media, including the Wall Street Journal, New York Times, Barron's, BusinessWee...Read More
Prices for steel billet and rebar in Egypt continued to rise in the week ended Thursday December 12 amid moderate demand from the construction sector, sources told Fastmarkets.Egyptian rebar producers were offering rebar at E ?10,000-10,580 ($618-654) per tonne ex-works including 14% VAT.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), domestic, exw Egypt,...Read More