Nicholas Santiago started trading in 1991. In 1997, he became a licensed Series 7 and 63 registered representative. He successfully managed money for a large, affluent private client group. Nick is an expert in Technical Analysis. He is a highly regarded and accomplished technician in the studies of Elliot Wave, Gann Theory, Dow Theory and Cycle Theory. After applying his knowledge to his client b...Read More
SDRs were originally intended as a kind of "paper gold." Once the IMF starts the printing presses, investors will probably favor real gold as the proper antidote.Continue...Read More
Danielle DiMartino Booth is truly a global thought leader on monetary policy, economics and finance. Her book Fed Up: An Insider's Take on Why the Federal Reserve is Bad for America provides an insider's perspective of the potential damage an overreaching, out of control Fed can do. We discussed the economic ramifications of what will be left in the wake of the Covid 19 pandemic. 15% unemployment...Read More
Pretty much everything is falling apart. You've got oil in negative numbers, never happened before. You've got a large part of the planet still on lockdown and you've got central banks printing money like nobody's business. Hopefully, there is an end in site, but how much longer can things go on before there's a complete implosion. Danielle and I discuss what's coming down the road and for many of...Read More
"I think it's too soon," Trump said at his daily coronavirus briefing on Wednesday. "But at the same time, he must do what he thinks is right."Continue...Read More
"I am speaking out because to combat this deadly virus, science - not politics or cronyism - has to lead the way," Bright said.Continue...Read More
"We were told the test was ready. That turned out to be flat-out wrong."Continue...Read More
"We cannot keep up with the demand to speak with new clients or interested clients. It just keeps climbing."Continue...Read More
Japanese ferrous scrap export prices rose again on Wednesday April 22 with lower availability and more sales to Taiwan driving prices up, market sources said.One scrapyard source reported gradually decreasing scrap supply in Japan amid slowing economic activity in a similar development to the low-availability environment in both the United States and Europe, Fastmarkets was told.Japan announced it...Read More
Turkish billet prices have gone down over the past week due to sluggish demand resulting from the impact of the Covid-19 outbreak and the upcoming Islamic holy month of Ramadan, sources said on Wednesday April 22.Fastmarkets' weekly price assessment for steel billet import, cfr main port Turkey, was $365-370 per tonne cfr on Wednesday, down from the $375-380 per tonne. Suppliers in the Commonwealt...Read More
Vietnam's Formosa Ha Tinh Steel Corp will not announce its monthly offer prices for its steel supply for the first time in history."The company will engage in private price negotiations with individual customers based on their demand and inventory levels," a source told Fastmarkets on Wednesday April 22.Formosa Ha Tinh Steel Corp is one of two major blast furnace-based producers in Vietnam, togeth...Read More
Since Bob and I last spoke the stock market has been on a tear and precious metals mining shares have also had a large rally. In our latest conversation Bob and I discuss a wide range of topics Continue...Read More
Maurice Jackson of Proven and Probable speaks with Andy Schectman, president of Miles Franklin Precious Metals Investments, about the present situation with physical precious metals. Maurice Jackson: Today, we're going to discuss precious metals premiums, the COMEX and the big picture. Joining us for a conversation is Andy Schectman, the president of Miles Franklin Precious Metals Investments. An...Read More
New drill results continue to show potential for Gold Terra Resource to add to its existing Inferred mineral resource there. Gold Terra Resource Corp. (YGT:TSX.V; TRXXF:OTC; TXO:FSE) announced in a news release that 10 holes drilled in the Sam Otto South target at its Yellowknife City project in the Northwest Territories all returned gold mineralization."We are confirming the continued expansion...Read More
Roxgold reported that recent drill results at its S?gu?la Gold project are expected to increase current mineral resource estimates. In a news release, Canada-based mining company Roxgold Inc. (ROXG:TSX) announced additional results from the company's drill program at its S?gu?la Gold project in C?te d'Ivoire.The firm provide detailed results from reverse circulation (RC) and diamond drilling (DD)...Read More
Black Tusk Resources is doing the preliminary work necessary to plan future exploration at both properties. In a news release, Black Tusk Resources Inc. (TUSK:CSE; BTKRF:OTCMKTS; 0NB:FSE) provided an update on its two recently acquired Quebec platinum group element (PGE) properties: PG Highway and Lorrain.The PG Highway property "had another claim accepted from the original staking," taking the t...Read More
Key data from Fastmarkets' pricing session in Europe on Wednesday April 22.Key drivers Europe ferro-titanium market extends steady trend for a third consecutive week while supply worries support prices amid reduced production both within the continent and abroad. UK-based sources say domestic production has been cut up to as much as 20% from some furnaces due to reduced staffing levels while worke...Read More
The European charge and high carbon ferro-chrome benchmark has jumped by 13 cents, or 12.9%, to $1.14 per lb for the second quarter of 2020. The settlement is announced every quarter by Merafe Resources, which operates a chrome joint venture with trader-miner Glencore in South Africa. The benchmark is settled via negotiations between a leading South African ferro-chrome producer and a major Europe...Read More
June-dated crude rose over 19%The Dow extended its midday rally, closing up over 450 points as oil prices stabilized, shaking off a volatile and historic two-session drop.Though corporate earnings leaned towards the grim side, the blue-chip index was joined by the S&P 500 and Nasdaq today in the black, as sentiment found some stability. Also in focus has been the latest relief effort out of Washin...Read More
Microsoft and Apple will report earnings next weekAs April comes to a close and the pandemic continues to encroach on the U.S. economy, there's a jam-packed slate on tap for investors next week. The highlight will be an advance reading of first-quarter gross domestic product (GDP), which willundoubtedlyshow the beginning economic effects of the coronavirus outbreak. The Federal Open Market Committ...Read More