Editor's note: After last week's health scare Dr. Paul is already back to work. The man is a true liberty warrior!The Centers for Disease Control have come out with a new estimate of the Covid infection fatality ratio and the numbers will shock you. No wonder the Florida governor has said "enough is enough" and decided to open his state up completely. We are told to trust the CDC, so why is the ma...Read More
The CIS export market for steel billet has turned quiet at the end of September with a growing difference between mills' offers and customers' bids, Fastmarkets has heard.Mills continued to insist on offers within the range of $415-420 per tonne fob Black Sea on Monday September 28, according to market sources. There was reduced availability of material due to maintenance work at some assets, as w...Read More
We have been deceived by public health authorities about Covid, partly from public authorities' ignorance of the virus, its spread and treatment, but mainly on purpose. Continue...Read More
The precious metals sector is now confirmed to be in correction and consolidation mode. This started about a month and a half ago. In the big picture, these periods are choppy. My thinking could change but it appears to me the sector will consolidate for the remainder of this year. Maybe the larger consolidation will end around the holidays.Jordan Roy-Byrne, CMT is a Chartered Market Technician an...Read More
David Stockman is asked how important of a role he thinks the economy and a continued rally in the stock market will play in the outcome of the presidential election.Continue...Read More
During the FOMC's September press conference, Fed Head Jerome Powell managed to communicate three big lies in the space of an hour. The fact that bile spews from the mouth of a central banker isn'tContinue...Read More
Velocity is a useless, inconsistent measure of something that has morphed over time yet never had an independent existence of its own. Attempting to predict prices from velocity or velocity from prices is a fool's mission.Continue...Mike "Mish" Shedlock is a registered investment advisor and representative for Sitka Pacific Capital Management. His articles about the the economy and investing onlin...Read More
Coddled investors, not taxpayers, should step up to the plate and fund the "daily cash burn."Continue...Read More
"During the April-June 2020 period of the COVID-19 pandemic, the initial SARS-CoV-2 load steadily declined among hospitalized patients with a corresponding decrease in the percent of deaths over time," Continue...Read More
"Elon Musk, Joe Rogan and Ben Shapiro, to name just a few, are leaving California to escape incompetent governance. The "response" from Sacramento? Wealth and massive income tax increases on job creators Continue...Read More
There's an increasing level of fear both in the US and worldwide. The Fed was looking for the administration to get another fiscal package to help move things forward. Economic data has been relatively benign. In Europe there's fear of another Covid wave. Peter doesn't expect the economy to shut down and he doesn't expect the Congress to do anything either. So it's highly doubtful that another sti...Read More
Aurania Resources reported that Tiria-Shimpia is becoming another compelling target at Lost Cities-Cutucu. Aurania Resources Ltd. (ARU:TSX.V; AUIAF:OTCQB) has discovered, through soil sampling, extensions to the areas of previously identified silver mineralization at the Tiria-Shimpia silver-gold target of its Lost Cities-Cutucu project in Ecuador, the company announced in a news release. "Tiria-...Read More
Lion One Metals presented an updated PEA demonstrating strong economics for its Tuvatu Gold Project in Fiji. In a news release, Lion One Metals Ltd. (LIO:TSX.V; LOMLF:OTCQX) reported that "it has completed an updated Preliminary Economic Assessment (PEA) for the company's 100% owned Tuvatu Gold Project located on the island of Viti Levu in Fiji."The company advised that the PEA report was prepare...Read More
Bob Moriarty of 321gold presents his investment thesis on Cabral Gold, which is exploring its Cuiu?? Cuiu?? gold project in Brazil. Cabral Cuiu-Cuiu projectBack in July I wrote a short piece about Cabral Gold Inc. (CBR:TSX.V; CBGZF:OTCMKTS). Shares were $0.155 apiece then, now up 300% even within a two-month correction. After last week's announcement it should be obvious to investors just why.Ove...Read More
Portside prices for both low- and high-grade manganese ore in China continued to fall in the week to Friday September 25, after ore traders cut their offer prices further in response to disappointing pre-holiday restocking activity among alloy smelters, market sources told Fastmarkets.Fastmarkets' manganese ore port index, base 37% Mn, range 35-39%, fot Tianjin, China, was 34.20 yuan ($5.01) per d...Read More
Gold, silver and the HUI Gold Bugs index are viewed here by their big picture monthly charts. In NFTRH we use mainly daily and weekly charts of these along with individual miners to better gauge the shorter-term pictures, which will advise on the end of the correction better than these more cumbersome monthlies that are great for keeping perspective amid the shorter-term noise.Our target for gold...Read More
The gold miners’ stockshave just been hammered, plunging to new correction lows. That shattered their indexes’ 50-day movingaverages, pounding nails in the coffin of this sector’s recent highconsolidation. This necessary correctionprobably isn’t over yet. It is stillsmall and short compared to this bull market’s precedent, the gold stocks arenowhere...Read More
Precious metals markets got clobbered early this week as gold and silver broke down from their high-level consolidations. Strength in the U.S. Dollar Index seemed to be the catalyst that got the selling going.Once key technical levels got breached, the selling intensified.Gold prices fell below the $1,900 level on Wednesday. Meanwhile, silver plummeted below $24 an ounce and traded as low as $22 o...Read More
Here are five Fastmarkets stories you might have missed on Monday September 28 that are worth another look....Read More
Cleveland-Cliffs has reached a definitive agreement to buy ArcelorMittal USA and its subsidiaries for around $1.4 billion, which will make it the largest flat-rolled steel producer in the country, the company said on Monday September 28.The deal included the steel making operations of Indiana Harbor, Burns Harbor, Cleveland, Coatesville, Steelton, and Riverdale, as well as finished steel units Col...Read More