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
The problem is the economy that's left has no means of creating tens of millions of jobs to replace those lost as the 1959 economic model collapses.Continue...Read More
Watching the Democratic Party's national convention, it is readily apparent that those backing Joe Biden's candidacy are hoping that Americans are suffering from collective amnesia. Continue...Read More
Translation: we expect Exxon Mobil to be a drag on our index for a long-time, along with the price of crude oil. Since we already have Chevron dragging down the index, we're booting Continue...Read More
The Justice Department is going to charge Teva after the company rebuffed a settlement that would have required Continue...Read More
"We've shown that playing football's safe, that's what we've shown. So, that part of it. Now, we gotta make smart decisions on what we're doing - not doing - when we're doing more than football."Continue...Read More
When the Trump administration withheld billions of dollars in security aid to Pakistan in 2018, the logic then was that the Pakistani military would be forced to form greater ties with the US and surrounding allies to reclaim lost aid. Continue...Read More
Gold traders wait for Jerome Powell's speech at Jackson Hole scheduled to hold later this week for Continue...Read More
Two Israeli teenagers discovered a clay jar filled with hundreds of gold coins that had sat undisturbed for over 1,100 years.Continue...Read More
Peter Krauth looks at the factors behind the movements in the gold and silver markets. Gold's retreated from a record high above $2,000, and silver's off its own seven-year highs near $30.Is that cause for concern? I doubt it.These have been dramatic surges to new levels, brought on by a combination of low interest rates, historic money-printing raising the specter of inflation, a softer U.S. dol...Read More
Red Cloud raises its target price on Troilus Gold after the release of a new resource estimate. In a July 29 research note, analyst Jacob Willoughby reported that Red Cloud increased its target price on Troilus Gold Corp. (TLG:TSX; CHXMF:OTCQB) to CA$2 per share from CA$1.50 to reflect the updated Troilus project resource estimate. The company is currently trading at about CA$1.25 per share.Willo...Read More
Generation Mining reported it is commencing a 5,000-meter exploration drill program along the western margin of its Marathon palladium-copper project in NW Ontario. In a news release, Toronto-based PGM exploration company Generation Mining Ltd. (GENM:TSX; GENMF:OTCQB; 9GN.F) announced that "it has contracted Vital Drilling Services to complete a 5,000 meter drilling program along the western marg...Read More
In advancing the asset, Aurania Resources identified targets, conducted studies for water use permits and sampled the soil. Aurania Resources Ltd. (ARU:TSX.V; AUIAF:OTCQB) recapped in a news release its accomplishments during the first half of 2020.The Toronto-based company reported that it has identified copper-silver targets for scout drilling, which will begin at Tsenken N2 and progress to Tse...Read More
In a response to the coronavirus crisis, the Fed has already cut interest rates to zero and implemented quantitative easing. But that’s not enough and the U.S. central bankers are now talking about “yield curve control”. What is it and how it could affect the gold market?Normally, the central banks lower the short-term interest rate to stimulate the economy. But the federal funds...Read More
Research Highlights:With Gold trading above $2,000 for the first time and Silver trading near $27.50, you need to understand the risks in the markets that precious metals are warning of.If Gold breaks above $2,400, then there is a very real concern that the global markets could be close to some type of decline/collapse event.We believe the upside potential in precious metals could drive a very wid...Read More
The steel recycling division of Tata Steel has announced it is launching a mobile app for sourcing steel scrap in India, the company said on August 19.The app - named FerroHaat - claims to be a world first and aims to source steel scrap from traders in India. The app is a step toward organizing the currently disorganized Indian scrap supply chain,while also providing a reliable source of scrap met...Read More
Peter Krauth discusses Warren Buffett's big move into gold and discusses why the price of the metal is likely to climb much higher.Warren Buffett has long been known as one of the biggest gold-haters around. Yet in one move he's helped gold go mainstream.The "Oracle of Omaha's" about face could be the ultimate Buy Signal.For millions of investors, seeing Buffett dump banks while buying gold is lik...Read More
Dillinger and Saarstahl have announced that operations have begun at Germany's first hydrogen-based steel production plant in Dillingen, the companies said on August 21.The new plant in Dillingen is said to be the first in Germany that uses hydrogen as a reducing agent in the blast furnace (BF), via the injection of hydrogen-rich coke gas, Fastmarkets understands.Dillinger and Saarstahl - both own...Read More
Crude steel production in Germany was down by 24.70% year on year in July due to capacity being cut to balance the drop in demand caused by the Covid-19 pandemic, German steel federation WV Stahl said on Monday August 24.Germany's crude steel production totaled 2.42 million tonnes in July 2020, down from 3.22 million tonnes in the corresponding period of 2019.The July 2020 output is close to the l...Read More
Here are five Fastmarkets stories you might have missed on Tuesday August 25 that are worth another look.Mexican steel scrap prices increased in the week ended Friday August 21, maintaining an uptrend started in late July, with the country's manufacturing sector continuing to recover gradually from the Covid-19 pandemic...Read More