We should see negative oil prices and negative interest rates as the severed body parts of a dismembered banking beast littering the financialization abattoir we created Continue...Read More
"There's a possibility that the assault of the virus on our nation next winter will actually be even more difficult than the one we just went through." Continue...Read More
"I am just sorry that it took my colleagues in Democratic leadership 12 days to accept the inevitable, and that they shut down emergency support for Main Street in a search for partisan 'leverage' that never Continue...Read More
Why "it's not as bad as flu" - or car crashes or the 1957 pandemic - is not credible.Continue...Read More
the next big asset revaluation event as consumers continue to process the COVID-19 virus crisis and the consequences of this event.Continue...Read More
"Beyond traditional gold supply and demand fundamentals, financial repression is back on an extraordinary scale," Continue...Read More
Seaborne iron ore prices dropped on Tuesday April 21, following the crash in US oil prices, which fell into negative territory late on Monday evening in Singapore for the first time on record, Fastmarkets understands.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $84.37 per tonne, down $3.08 per tonne 62% Fe low-alumina fines, cfr Qingdao: $85.96 per tonne, down $3.15 per tonne58% Fe fines...Read More
And to think that all of this could have been avoided if only the Fed would purchase OIL, not the commodity but the ETN. Powell, are you listening, because if not soon every sContinue...Read More
"You were too proud and too nationalistic to tell the truth, which you felt was a national disgrace, and which now became a global disaster."Continue...Read More
CIS export slab prices surged in the week to Tuesday April 21 with mills managing to achieve higher levels in recent sales.Fastmarkets' weekly price assessment for steel slab, export, fob Black Sea, CIS, was $325-330 per tonne on Tuesday, up from $305-320 per tonne a week earlier.Demand for semi-finished steel products in China continued to render support to CIS slab producers. A large cargo of Ru...Read More
Maurice Jackson of Proven and Probable speaks to CEO John-Mark Staude and geologist Erika Sweeney about Riverside Resources' Los Cuarentas Project and the company's spinout, Capitan Mining. Los Cuarentas Gold Project (Santa Rosalia Sur Target) looking NNWMaurice Jackson: Today we're going to discuss the highly prospective gold and silver project located in Mexico. Joining us for a conversation is...Read More
Money manager Adrian Day discusses a general approach to the market, as well as recent developments at several companies on his list, including some buy recommendations, despite being overall cautious. Most markets have enjoyed a meaningful rally off their lows of three to four weeks ago. The S&P is up nearly 30%, with the Business Development Companies up 50% and more, while global markets have...Read More
The first quarter performance of Mandalay Resources' two operating mines is summarized and discussed in a BMO Capital Markets report. In an April 14 research note, BMO Capital Markets analyst Brian Quast reported that Mandalay Resources Corp. (MND:TSX) achieved a production beat in Q1/20.Quast reviewed and commented on the production numbers from each of Mandalay's operations. Total production in...Read More
China's domestic rebar prices slid further on Tuesday April 21 amid futures losses sparked by an oil market crash in the United States. Eastern China (Shanghai): 3,420-3,450 yuan ($483-488) per tonne, down by 10 yuan per tonneNorthern China (Beijing): 3,430-3,450 yuan per tonne, down by 20 yuan per tonne The May futures contract for West Texas Intermediate (WTI) crude oil fell as low as minus...Read More
Steel production outside China could contract by a double-digit percentage in 2020, according to global miner BHP, but output in China may rise slightly in the same period if the country can avoid a second wave of Covid-19 infections. According to the miner, steel makers from a variety of regions, including Europe, the Americas, India and Japan, have announced or signaled full shutdowns or curtail...Read More
Steel production outside China could contract by a double-digit percentage in 2020, according to global miner BHP, but output in China may rise slightly in the same period if the country can avoid a second wave of Covid-19 infections. According to the miner, steel makers from a variety of regions, including Europe, the Americas, India and Japan, have announced or signaled full shutdowns or curtail...Read More
Both gold and June-dated crude fell lowerThe Dow closed in the red, extending its losses from midday, following a second day of heavy losses for oil. Also weighing heavy for the blue-chip index is Boeing (BA) and Merck (MRK). Meanwhile, all eyes are on Washington, D.C., as the Senate managed to reach a deal for a $484 billion coronavirus relief package, aimed toward small businesses, testing, and...Read More
Beyond Meat will launch products in Starbucks' China locations this weekStarbucks (SBUX) announced yesterday that it would roll out its new plant-based lunch menu in China this week, with stores reopening amid an apparent slowdown of the coronavirus in the region. Many of the menu items will feature products made by Beyond Meat Inc (NASDAQ:BYND), marking a massive step for the company as it looks...Read More
There is plenty of room for analyst upgrades in this "buy" cycle Consumer products staple Procter & Gamble Co (NYSE:PG) is fresh off an upbeat post-earnings reaction from Friday. In addition to the shares coming off a $300 billion market cap near the $121 level, earlier in the week PG broke out of a trendline connecting lower highs since late February. In other words, the blue chip has support in...Read More
All three benchmarks are off by 2% or moreThe Dow Jones Industrial Average (DJI) is once again stuck deep in the red, down over 700 points at last check asoil prices cripple Wall Street. While May-dated crude futures --set to expire at the close today -- crossed back into positive territory at midday, panic around black gold remains amid plunging demand and soaring storage. Additionally, the S...Read More