Bill Holter explains why he is convinced there will eventually be a failure to deliver in the futures markets which will trigger a run on gold and silver... and if that happens, inventory would completely dry up and become unavailable. Holter also describes the scary amount of credit that exists in all facets of the economy and the credit crisis that could ensue due to a monetary hiccup.Bill Holte...Read More
"I was just a human recording machine paid by the government to go into people's lives and befriend them and find out what they were thinking."Continue...Read More
A videographer captured footage of a clean-shaven Julian Assange being driven through the streets of London after his court hearing on Monday.Continue...Read More
Bob Moriarty has a very narrow time frame for when the stock/debt bubble will blow up: two weeks. Continue...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
How cash-burn machines power the real economy, and what happens to that economy when investors refuse to have more of their cash burned.Wolf Richter is the founder of Wolf Street Corp and the publisher of WolfStreet.com. Wolf has over twenty years of C-level operations experience, including turnarounds and a VC-funded startup. He has a BA, MA, and MBA (UT at Austin). In his prior life, he worked i...Read More
"Equity and corporate bonds in the U.S. have so far shrugged off the worrying signs for the global economy coming from lower oil prices. But we suspect that Continue...Read More
"Despite the fact that bank balance sheets are quite strong, I think you'll see more moments like this going forward." Continue...Read More
I am more and more convinced the Debt Markets are about to blow up. It will start with a small wobble. Perhaps a small hint that anticipated global recession isn't/won't be so bad, or Continue...Read More
Turkish domestic scrap prices increased up over the past week in response to rising imported scrap values, sources said on Monday October 21.Fastmarkets' weekly price assessment for steel scrap, auto bundle scrap, domestic, delivered Turkey, was TRY1,380-1,505 ($239-261) per tonne on Monday, up from the TRY1,300-1,430 per tonne of last week.The upturn in the assessment came following rising b...Read More
Seaborne iron ore prices continued to retreat on Monday October 21 to just above $85 per tonne cfr China amid pessimism about prices and margins.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $85.40 per tonne, down by $0.96 per tonne.62% Fe Pilbara Blend fines, cfr Qingdao: $85.05 per tonne, down by $0.35 per tonne.62% Fe low-alumina fines, cfr Qingdao: $84.24 per tonne, down by $0.69 per...Read More
Sprott made the purchase through a private agreement. Metallic Minerals Corp. (MMG:TSX.V; MMNGF:OTCMKTS) announced in a news release that Eric Sprott, through his corporation 2176423 Ontario Ltd., purchased 12,500,000 units of the Canadian precious metals explorer for $1.95 million. The price per unit was $0.156.Each unit has one common share and one-half of a one common share purchase warrant of...Read More
The Canadian company will investigate it with field work and possibly drilling. Aben's Forrest Kerr Gold ProjectAben Resources Ltd. (ABN:TSX.V; ABNAF:OTCQB) announced in a news release the results from holes FK19-55 through FK19-63 drilled at its Forrest Kerr project in British Columbia's Golden Triangle.Generally, the drill results showed gold mineralization in the North Boundary zone over about...Read More
The company is now planning a drill campaign there. Seabridge Gold Inc. (SEA:TSX; SA:NYSE.MKT) identified a new gold-copper porphyry target at its Iskut project in British Columbia, it announced in a news release. The newly discovered target is a "large intrusive system at relatively shallow depth that is likely responsible for the Quartz Rise Lithocap and elevated gold and copper concentrations...Read More
This was the conclusion drawn from the recent sequential copper analysis. Quaterra Resources Inc. (QTA:TSX.V; QTRRF:OTCQX) reported in a news release recent testing showed that actual copper recoveries at its MacArthur open-pit, oxide-leach project in Nevada could be higher than the assumptions used in the 2012 preliminary economic assessment. As such, the company will now investigate this possib...Read More
Trenching yielded some of the highest-grade results to date. White Gold Corp. (WGO:TSX.V; WHGOF:OTCMKTS) announced in a news release that recent trench and surface sample results confirmed at least four high-grade gold trends on its JP Ross property in the Yukon. This property sits 25 kilometers to the northeast of White Gold's flagship Golden Saddle and Arc deposit.The gold trends, Vertigo, Sabo...Read More
These further drill results are positive and consistent with previous ones. Marathon Gold Corp. (MOZ:TSX; MGDPF:OTCMKTS) announced in a news release that additional drill results from the Marathon deposit at the Valentine gold project in Newfoundland are positive."The new drilling continues to delineate significant new zones of quartz-tourmaline-pyrite-gold veining in areas of limited previous dr...Read More
Export steel slab prices from the CIS region continued to fall this week, under pressure from weak finished flat steel demand in the domestic and export markets.This was despite the reduced availability of slab from Ukraine and Russia amid maintenance works at the major mills.A cargo of Russian slab was sold to a buyer in Turkey at $350-355 per tonne cfr, equivalent to $335-340 per tonne...Read More
Import prices for steel slab in Southeast Asia and East Asia have fallen over the past week because of the sustained decline of prices in the downstream market for hot-rolled coil, market sources said on Monday October 21.HRC prices in Vietnam have been pressured downward by the ample supply of materials from India and Russia in the spot market.Fastmarkets' price assessment for steel slab, import,...Read More
China's domestic rebar prices were unchanged on Monday October 21 despite falling futures, with steady demand providing some stability to the market. Eastern China (Shanghai): 3,580-3,610 yuan ($506-510) per tonne, unchangedNorthern China (Beijing): 3,550-3,590 yuan per tonne, unchangedOctober's mild weather makes it a seasonally strong month for the rebar market when it comes to demand. The retur...Read More