The price of austenitic stainless steel scrap in the European domestic market moved slightly higher this week because of tight supply, despite low demand from mills and lower nickel costs, Fastmarkets heard on Friday June 26.Traders had by this week settled their terms with stainless steel mills for July, and in some cases had secured slightly lower nickel discounts - when traders sell to mills, t...Read More
Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort308,45956,50247,555114,410401,702470,424505,759Change from Prior Reporting Period 31,0643,4551,4683,48832,76036,02037,683Traders22560695457305163 Small Speculators LongShortOpen Interest 61,67726,342532,101 6,5184,85542,538 non reportable positionsChange from the previous reporti...Read More
The inter-merchant spot price for light iron scrap in the UK was unchanged in the week to Friday June 26, continuing the stability seen last week amid low-key but steady trading and little change in export prices, trade sources said.There was also some market expectation that monthly delivery settlement prices would be rolled over after the conclusion of negotiations due to start next week.Trade s...Read More
Bob KirtleyIntroductionWe are presently enduring a period of great change due to the Coronavirus which has already cost many lives and inflicted untold damage to the global economy.Alongside the damage caused by this virus the world has also entered a recession having been through an eleven-year period of expansion.To make matters worse many nations are shouldering massive debts raising question...Read More
By: Ira EpsteinGold weekly chart shows $16+ for the week going into Friday. $1785 area still the resistance, will be looking at this..Read More
The Coronavirus Aid, Relief, and Economic Security Act, also known as the CARES Act, was passed by Congress on March 27, 2020. The $2.2 trillion stimulus package provided relief for Americans and for businesses who were reeling from the effects of the coronavirus pandemic. The package included financial help in the form of stimulus checks of up to $1200 for eligible Americans. On May 15, 2020, the...Read More
Paul Craig Roberts explains why the left hates America and is trying to cancel it. You can find his recent articles over on https://www.paulcraigroberts.org/Paul Craig Roberts is an American economist and a columnist for Creators Syndicate. He served as an Assistant Secretary of the Treasury in the Reagan Administration and was noted as a co-founder of Reaganomics. Dr. Roberts is a former editor a...Read More
Harry Dent is a Fortune 100 consultant, new venture investor, noted speaker, bestselling author, and the founder and senior editor at Dent Research, where he dedicates himself to identifying and studying demographic, technological, and geopolitical trends. He has a free daily newsletter at www.harrydent.com called "Survive and Prosper." Mr. Dent accurately predicted Japan's collapse in 1989, the d...Read More
Sprott Money News ? Sprott Money News Weekly Wrap-up - 6.26.20Eric 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 securities firms. In 2001, Eric established Sprott Asset Management Inc. Over the years, Eric has personally been the recipie...Read More
What's going in the country is emblematic of what's going on in our financial world. What's being told to us doesn't comport with what's going on in the world. Rob believes there's a shortage of gold and silver and yet the prices don't move. But when you try to purchase PPE (personal protective equipment). The price of disposable gowns has gone up from 50 cents to $50. And that's just one example....Read More
Gerald Celente is a pioneer trend strategist and founder of The Trends Research Institute. He is the author of the national bestseller Trends 2000: How to Prepare for and Profit from the Changes of the 21st Century and publisher of the internationally circulated Trends Journal newsletter. Gerald Celente is a political atheist. Unencumbered by political dogma, rigid ideology or conventional wisdom,...Read More
HBO is censoring five South Park episodes that depict the Islamic prophet Muhammad.Continue...Read More
What will cause the central banks to lose control is the greatest wave of debt defaults in recorded history. On that score, the Fed just issued its Flow of Funds data for Q1, and itContinue...Read More
MacroVoices Erik Townsend and Patrick Ceresna welcome Harley Bassman to the show to discuss everything from the recession outlook to the coming shift from deflation to inflation, and what it means for fixed income markets & more.Harley's biography: http://www.convexitymaven.com/biography.htmlTopics:Impact of COVID19 on recession - was it the cause or catalyst?Perspective on declining population an...Read More
Once you allow your economy to become dependent on extremes of debt, leverage, inequality, legalized looting, monopoly, pay-to-play politics and speculative asset bubbles, a depression is inevitable.Continue...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
Indian local secondary billet prices increased by 300 rupees per tonne week-on-week on Friday June 26 on improved demand from sustained buying by makers of finished steel products.The price of steel billet, domestic, ex-works India, was assessed by Fastmarkets on June 26 up by 300 rupees per tonne to 27,600-27,800 rupees ($366-369) per tonne, compared with last week's assessment at 27,300-27,500 r...Read More
"The Fed's severely adverse scenario for GDP imagined a decline of "8 1/2 percent from its pre-recession peak, reaching a trough in the third quarter of 2021."Continue...Read More
"Regular consumption of even small amounts of the heavy metal over extended periods increases the risk of cardiovascular disease, certain cancers, and lower IQ scores in children, and poses Continue...Read More
"Here in the United States, it's going to be black people who really should get it first and many indigenous people, as well as people with underlying symptoms, and then elderly people."Continue...Read More