Brazilian steelmaker Gerdau has temporarily halted operations in Argentina and Peru following lockdowns in both countries to combat the spread of the novel coronavirus (2019-nCoV) pandemic.Gerdau's activities in Brazil have been affected, but have not been suspended so far, the company said on Tuesday March 24.Capital expenditure initiatives around the globe have been put on hold to reduce on...Read More

Austrian steelmaking group Voestalpine will enforce shorter working hours across its operations in Europe as part of short-term work model amid the coronavirus (2019-nCoV) pandemic, the company said on Monday March 23.The coronavirus pandemic has already hit the heart of the European economy. Widespread closures of car-manufacturing sites across Europe, as well as shutdowns and capacity cuts in th...Read More

German steelmakers Saarstahl and Dillinger, both part of Stahl Holding Saar (SHS), have cut production amid the novel coronavirus pandemic, although blast furnace (BF) and coking plant operations will both be maintained, the companies said in a joint statement on Tuesday March 24.The increasingly tough market situation in Europe, in the wake of the coronavirus outbreak, has forced regional steelma...Read More

Richard (Rick) Mills, Ahead of the herdIn the 1960s, French politician Val?ry d'Estaing complained that the United States enjoyed an "exorbitant privilege" due to the dollar's status as the world's reserve currency. He had a point.Because the dollar is the world's currency, the US can borrow cheaper than it could otherwise (lower interest rates), US banks and companies can conveniently do cross-...Read More

Stewart Thomson, Graceland Updates 1. I said yesterday morning that amidst all the Corona War mayhem, a move over $1550 for gold would be incredibly positive.2. Please click here now. Double-click to enlarge this spectacular gold chart. $1550 is now support!3. Please click here now. In what is arguably the most horrific act in the history of the United States, and ce...Read More

By Daniel R. Amerman, CFAThe United States is currently reeling, as much of the nation shuts down in the attempt to prevent the spread of the coronavirus. We can only hope for the best when it comes to the containment of the medical crisis, and the lives of so many people in the U.S. and around the world.At the same time, the economic future of the nation - and financial futures of the savers, i...Read More

In times of expansion, it is to the hare the prizes go. Quick, risk taking, and bold, his qualities are exactly suited to the times. In periods of contraction, the tortoise is favored. Slow and conservative, quick only to retract his vulnerable head and neck, his is the wisest bet when the slow and sure is preferable to the quick and easy. Every so often, however, there comes a time when neit...Read More

By Gary SavageMar 23, 2020https://blog.smartmoneytrackerpremium.com/Read More

To My Readers:I have sent the following note to Sean Hannity, Rush Limbaugh and Holman Jenkins of the Wall Street Journal. It is a MUCH better idea than squandering $2 trillion sending out checks to...EVERYBODY. Here is what the President needs to do. Please forward this to your Congressman if you agree:President Trump needs to mobilize the Army to set up Civil Conservation Corps/WPA-type work c...Read More

Here are five Fastmarkets stories you might have missed on Tuesday March 24 that are worth another look. India is entering a 21-day lockdown period to help prevent the spread of the novel coronavirus (2019-nCoV) pandemic, but the production of essential commodities will continue.Freeport-McMoRan has declared force majeure on near-term sales agreements for its Cerro Verde mine in Peru, according to...Read More

Ferrous scrap prices in Mexico increased in the week ended Friday March 20 on a strong currency devaluation which made the material more expensive in pesos, while steelmakers were building inventories before scrap runs out amid global lockdowns.At least two major steel producers bid for scrap at prices 200-300 pesos ($8-12) above those of the previous week. But the increase was not enough to offs...Read More

Nomi Prins discusses the coronavirus crisis in the United States.Nomi Prins is an American author, journalist, and Senior Fellow at Demos. She has worked as a managing director at Goldman-Sachs and as a Senior Managing Director at Bear Stearns, as well as having worked as a senior strategist at Lehman Brothers and analyst at the Chase Manhattan Bank. Prins is known for her books All the Presidents...Read More

Dr. Marc Faber discusses the coronavirus pandemic and its devastating impact on the global economy.Dr. Marc Faber was born in Zurich, Switzerland and obtained a PhD in Economics at the University of Zurich. Between 1970 and 1978, Dr. Faber worked for White Weld & Company Limited in New York, Zurich and Hong Kong. From 1978 to February 1990, he was the Managing Director of Drexel Burnham Lambert (H...Read More

The recent pandemic has provided the catalyst needed to finally push our economy into an overdue "great depression," this according to Doug Casey, founder of Casey Research.Casey told Kitco News that although the virus has popped the bubble, the underlying problem is still due to poor economic fundamentals.Doug Casey is an American-born libertarian economist and advocate of the free market. He is...Read More

India is entering a 21-day lockdown period to help prevent the spread of the novel coronavirus (2019-nCoV) pandemic, but the production of essential commodities will continue.In an address to the nation, Indian prime minister Narendra Modi said that the lockdown was effective from midnight local time, 18:30 London time."For the past two days, many parts of the country have been locked down. From m...Read More

Max interviews Alasdair Macleod of GoldMoney.com about gold in the age of pandemic. They discuss the increasingly unstable markets and ask whether or not they are a sign of the end of the fiat currency regime. Max Keiser is an American broadcaster and film-maker. He hosts Keiser Report, a financial program broadcast on RT. He presents a weekly show about finance and markets on London's Resonance F...Read More

It was always going to happen, the catalyst was the shock. Who would have thought a pandemic would trigger the global financial collapse. Early Monday morning the Fed announced the largest QE program in history. It's unlimited, literally infinite. Free money is on it's way. Helicopter money is on its way. Free money is coming to you soon. There's time to wait to get it right. The people in charge...Read More

It now appears that governments around the world have skipped the helicopter drops, and are headed straight for the Currency Bombers. Join Mike Maloney as he discusses this unprecedented printing, as well as his thoughts on mining stocks and ETFs. Michael Maloney is a precious metals investment expert and historian. He is the founder and owner of GoldSilver.com, a global leader in gold and silver...Read More

The bill establishes a digital dollar, which it describes as 'a balance expressed as a dollar value consisting of digital ledger entries that are recorded as liabilities in the accounts of any Federal Reserve Bank or ... an electronic unit of value, redeemable by an eligible Continue...Read More

The federal government has done an absolutely terrible job with controlling the spread of the covid-19 virus in AmericaContinue...Read More