In his latest commentary, financial strategist Michael Pento maps out the coming year. Spoiler alert: It ends ugly.Continue...Read More
Ronald discusses their annual report "In Gold We Trust" which is due out in May and how last year's report focused on the coming breakdown of trust in society. This year that erosion of trust may spill over into central banking.Multiple systemic shocks are now occurring, including a global demand crisis, deflationary reactions in assets, a global supply crisis, an oil collapse, a rising U.S. dolla...Read More
Gregory Mannarino started his financial career working for the securities and trading arm of the now defunct Bear Stearns before the dot-com bubble. He is an active trader of the capital markets and has published several books pertaining to finance, global economics, and equity trading; His most recent book is titled Ultimate Guide To Money and The Markets (free ebook). Gregory currently hosts a b...Read More
Rick Rule, founder and chairman of Sprott Global Resource Investments Ltd., began his career in the securities business in 1974. He is a leading American retail broker specializing in mining, energy, water utilities, forest products and agriculture. His company has built a national reputation on taking advantage of global opportunities in the oil and gas, mining, alternative energy, agriculture, f...Read More
"We're heading for a rough period, but it's only going to be weeks, we think. Weeks [or] months, but it's not going to be years, that's for sure," Kudlow said.Continue...Read More
'There really is no middle ground, and it's very tough to say to people, "Hey, keep going to restaurants, go buy new houses, [and] ignore that pile of bodies over in the corner. We want you Continue...Read More
President Donald Trump and Vice President Mike Pence held a call with some of America's wealthiest investors to discuss the coronavirus impact on the economy, according to sources.Continue...Read More
Last night, when observing the unprecedented "gold run" on precious metals dealers which has left all gold vendors with little Continue...Read More
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
The global pandemic has shut down several mining jurisdictions around the world, taking off a large chunk of silver production, this according to Keith Neumeyer, CEO of First Majestic Silver. "In 2018, we produced, as a global industry, 855 million ounces of silver. So far, we've had Peru come offline, with 145 million ounces, we've had Chile come offline with 42 million ounces, we've had Argentin...Read More
Can you imagine being in "blinding pain" for weeks, constantly gasping for air as you feel like you are being suffocated, and screaming for mercy because you are in so much constant torment? Continue...Read More
"We can't have the cure be worse than the problem," Trump told reporters Monday. "We have to open our country because that causes problems that, in my opinion, could be far bigger problems."Continue...Read More
Some of the prices for steel rebar and billet in the United Arab Emirates decreased over the past week, with demand very weak amid concerns about the spread of the coronavirus (2019-nCoV), market sources said on Tuesday March 24.Additionally, local rebar producers announced new domestic prices last week.Emirates Steel is now offering rebar at 1,853 ($504) dirhams, down from 1,897 dirhams per tonne...Read More
China's domestic rebar prices were mixed on Tuesday March 24, with those in the eastern region dipping while the northern market held steady amid fluctuating futures. Eastern China (Shanghai): 3,450-3,480 yuan ($486-490) per tonne, down 10 yuan per tonne Northern China (Beijing): 3,360-3,400 yuan per tonne, unchangedRebar futures dropped to a low of 3,373 yuan per tonne in the first 10 minutes of...Read More
EMX Royalty reported that it has acquired net smelter returns royalty interests covering 18 properties in Chile from Revelo Resources. In a news release, precious and base metals royalty company EMX Royalty Corp. (EMX:TSX.V; EMX:NYSE.American) announced that "it has entered into an agreement to purchase net smelter returns (NSR) royalty interests covering 18 properties in Chile from Revelo Resour...Read More
Turkey has requested the intervention of the World Trade Organization's Dispute Settlement Body in connection with steel safeguard measures introduced by the European Union.On Thursday, March 19, the WTO, said that a Turkish delegation had notified the organization that Turkey was deeply concerned by the safeguard measures imposed by the EU on imports of certain steel products...Read More
Gold logged its best day in over 10 years as wellThe Dow experienced a much-needed surge today, logging its best percentage gain since 1933. The blue-chip index surged toward the finish line today, as all signs point to a historic stimulus bill near agreement that would help buoy a floundering U.S. economy. The S&P 500 and Nasdaq both joined the Dow with big gains of more than 8%, as stocks rebou...Read More
YUMC just ran up to a historically bullish trendlineYum China Holdings Inc (NYSE:YUMC) is making news today after the China-based fast food firm this morning said it was seeing early stages of recovery following the peak of the coronavirus outbreak in the region. The KFC parent announced that 95% of its stores are either fully or partially open, and added that while same-store sales are still in d...Read More
There's a lot of optimism surrounding BZUN to be unwound Just yesterday, Jefferies trimmed its price target on Chinese e-commerce company Baozun Inc (NASDAQ:BZUN) to $36.60 from $39. And although BZUN is up 2.6% to trade at $25.93 today, the stock's technical picture is currently worth digging in to.In the last week, Baozun stock has seen new resistance emerge at its -20% year-to-date level after...Read More
Major indexes are in the black as congress promises a quick decisionExpanding off its early morning surge, the Dow Jones Industrial Average (DJI) is up around 1,500 points midday, driven heavily by outperforming Boeing (BA), American Express (AXP), and Chevron (CVX). The S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are also making sizable gains, after yesterday falling to multiyear lows along...Read More