Continue...James Turk has specialized in international banking, finance and investments since graduating in 1969 from George Washington University with a B.A. degree in International Economics. His career began at Chase Manhattan Bank (now JPMorgan Chase & Co.), which included assignments in Thailand, the Philippines and Hong Kong. He subsequently joined the investment and trading company of a pro...Read More
The debate is over folks; the math is what it is and any government official who tries to do anything to constrain anyone in their business or personal life beyond the boundaries of a nursing or Continue...Read More
This week on System Update, host Glenn Greenwald examines the crumbling of the US social fabric. Glenn explores the rise in so-called Deaths of Despair, and examines the symptoms of deep unhappiness across in America - from suicide to drug overdoses - and how this long-term trend has acutely intensified with the Covid pandemic.Glenn Greenwald is one of three co-founding editors of The Intercept. H...Read More
Why, in the world's richest country, is every metric of mental health pathology rapidly worsening?Continue...Read More
"I am not sad that a f**king fascist died tonight," yells a female Antifa militant at a gathering in downtown Portland. The crowd laughs and cheers. The victim was a Trump supporter.Continue...Read More
Not content with driving out its wealthiest with yet another tax hike on millionaires, New Jersey just made life for all of its residents, including lower and middle classes, more expensiveContinue...Read More
This confusion explains his recent decision to sell bank stocks and buy shares in Barrick Gold, because gold is where you hide out when you see bad and/or incomprehensible things coming your way.Continue...Read More
Ohio's $16 billion Police & Fire Pension Fund is following in the steps of Warren Buffett and making a big statement about owning gold. Continue...Read More
July FOMC minutes hit the gold prices. But what’s next for the yellow metal?The key event last week was the publication of the minutes from the FOMC meeting in July. After their release, the U.S. dollar jumped, while the price of gold dropped, as the chart below shows. Why? Well, the Fed officials disappointed investors who expected some clues about upgrading the U.S. central bank’s fo...Read More
Elliott Wave International's analysts have posited that the next big global monetary event will be deflation, not inflation.The writer of an August 18 Telegraph article also sees "powerful deflationary winds." Here's an excerpt:Talk of resurgent global inflation is mostly noise. Powerful deflationary winds continue to blow through the world economy. ...The great inflation hypothesis now in fashion...Read More
Sanjeev Gupta, Executive Chairman of steel and aluminium investment company GFG Alliance, will head the roster at the London Metal Exchange's virtual seminar this year, the LME announced on August 28.The virtual seminar will start on Monday October 19, 2020 and replaces the annual LME week gathering of metal market participants in London, which has been canceled amid the Covid-19 pandemic.Gupta ha...Read More
The European Commission (EC) has started an expiry review of anti-dumping measures on imports of cold-rolled flat stainless steel from China and Taiwan.The request for an expiry review was lodged by the European steel association Eurofer on May 27 this year."The request is based on the grounds that the expiry of the measures would be likely to result in continuation or recurrence...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
Here are five Fastmarkets stories you might have missed on Friday August 28 that are worth another look.South American flat-rolled steel import prices ended the week on August 28 showing no clear trend because deals for October-shipment cargoes were very scarce, and customers were still waiting to hear offers for November shipments.The first...Read More
Here are five Fastmarkets stories you might have missed on Friday August 28 that are worth another look.South American flat-rolled steel import prices ended the week on August 28 showing no clear trend because deals for October-shipment cargoes were very scarce, and customers were still waiting to hear offers for November shipments.The first...Read More
Plans for a London Metal Exchange spot trading platform have sparked intense debate within the aluminium industry. But opponents and supporters don't necessarily fall into the camps that one might expect. For starters, a decision by the LME not to change its futures contract, establish a new green aluminium contract or set thresholds to define what constitutes low-carbon metal is proving key in st...Read More
Has silver had its run? Not by a long shot!by David Morgan of The Morgan ReportSilver Could Pass Its All-Time High | https://www.themorganreport.comIf silver had the same kind of performance as the Dow since around the creation of the Federal Reserve in 1913, then it would have topped out at around $225oz. Yet, it only topped out around $50 in 1980 and 2011.So that begs the question... has silver...Read More
Why have the miners lagged bullion prices, and will we see mining stock 10-baggers again?Gwen Preston with Chris Marcus of Arcadia EconomicsMany mining stock investors have heard the stories of how in past precious metals rallies, some of the stocks were 10-baggers, 20-baggers, or even 50 or 100-baggers. Meaning the stock value went up many multiples throughout the course of the rally.To find out...Read More
The latest forecasts from Fastmarkets' team of analysts are ready to view.These include an increase in our copper mine disruption estimates, upgrades to our production outlook for Indonesian nickel pig iron (NPI), a smaller refined zinc surplus, and an upgrade to our zinc price forecasts.Aluminium: Big disconnect between price and fundamentalsAluminium has extended its uptrend on the London Metal...Read More
The latest forecasts from Fastmarkets' team of analysts are ready to view.US market under pressureUS prices for welded pipe products were under pressure because market participants, especially distributors, have started to take steps to generate cash and were moving material if they were able to do so, even if it meant selling at low prices.We expect more such "fire sales" in the coming months, bu...Read More