"So thank you to everybody who's doing what I'm doing, working from home to stop the spread of the virus from household to household," he added."That's the way we're going to win."Continue...Read More

If you're like us you've been sitting back with nothing else to do than contemplate the global economic disaster that we're currently going through. Is it a deep state plot, an act of utter incompetence by our leaders or just a bunch of well intentioned pointy headed bureaucrats in over their heads? It really doesn't matter which. This disaster has been completely mishandled from the get go. Accor...Read More

New York's explosion of confirmed coronavirus case numbers over the past several days - with the state's total at 37,258 cases, with 5,327 currently hospitalized, and 1,290 patients in the ICU - 20,011 among these in New York City alone, is downright scary.Continue...Read More

"Normalizing liquidity conditions, negative real rates, low cost of carry and concerns surrounding fiat currency debasement, not Continue...Read More

Export prices for Brazil-origin slab dipped for a second consecutive week on Friday March 27, with local producers turning to China to keep volumes going while other markets are muted because of the Covid-19 pandemic.Fastmarkets' weekly price assessment of steel slab, export, fob main port Brazil, fell to $330-350 per tonne on Friday, from $400-430 per tonne a week earlier.There were several repor...Read More

The price of stainless steel in the European domestic market increased this week with producers anticipating shortages following the closure of all production sites in Italy, sources told Fastmarkets on Friday March 27. On March 21, the Italian government issued a decree closing all non-essential production operations in the country, including steelmaking. Following this, many mills elsewhere in E...Read More

The Critical Investor takes a look at recent actions taken by this gold explorer. The coronavirus pandemic together with the Saudi Arabia-Russia oil production increase took its toll on the equity markets the last few weeks. The commodity markets in particular got hit too, as main end-user China got hit by a halt in manufacturing plants across the economy. Precious metals like gold rose initially...Read More

Bob Moriarty of 321gold comments on where he believes the economy is heading. Those who never predicted a financial collapse in the first place are now edging closer to the swamp to dip their toes into the water. Now they are suggesting, perhaps we could have a recession."Forget that. You cannot have every supply chain in the world chopped in two and have a recession. A depression was baked into...Read More

The House passed the historic stimulus bill later in the dayThe Dow ended another volatile week with a loss today, falling sharply as the U.S. became the country with the most reported coronavirus cases worldwide. The blue-chip index plunged over 1,000 points at its session lows, with Boeing (BA) the leading laggard. Later in the day, the U.S. House of Representatives passed the $2 trillion stimul...Read More

Stocks are eyeing big weekly gainsDespite just having come off its worst week since 2008, stocks suffered big losses again Monday, after the U.S. stimulus bill failed to pass in the Senate twice. The Dow, S&P 500, and Nasdaq recovered by Tuesday, however, as the gridlock in D.C. loosened, and hopes to pass the economic bill grew. Not only did the blue-chip index surge to its best daily percentage...Read More

European flat steel producers have reduced output, and some of them have stopped operating certain equipment, in their attempts to balance supply and demand after multiple automotive producers suspended their operations because of the Covid-19 pandemic.All the major steel coil producers in Northern Europe - including ArcelorMittal, Thyssenkrupp, Salzgitter and Tata Steel - have taken steps to cut...Read More

ON Semiconductor stock is getting dragged down with the broader market todayON Semiconductor Corp (NASDAQ:ON) is following the rest of its sector peers back down the charts today, right on the heels of a big win for chipmakers yesterday. The stock is down 7.1% to trade at $13.10 at last check, with a price target cut from Deutsche Bank to $22 from $26 hardly helping matters. Today's dip puts ON's...Read More

LONDON, 3 March 2020 - BullionVault has seen a ?1m gold purchase made using its smartphone apps for mobile devices, reports The Telegraph today - website of the UK's best-selling daily broadsheet newspaper.That marks the London-based fintech's second-largest ever trade made on a mobile phone and the largest purchase made via its apps for Android or iPhone devices.Read the full story at The Telegr...Read More

Straddle trades are a viable option even when markets aren't as volatile A long volatility/ straddle strategy might be a good idea for the current roller-coaster market environment we're experiencing. Having a set allocation of your portfolio with these types of trades can be very beneficial to your overall returns, especially in times of turbulence. However, this strategy doesn't necessarily requ...Read More

Stocks are expanding their losses today as attention shifts back to the pandemicDespite yesterday's third-straight gain, the Dow Jones Industrial Average (DJI) is continuing to drop midday as attention shifts back to coronavirus now that the U.S. has the most confirmed cases worldwide. The blue-chip index is down over 740 points, most hindered by Boeing (BA), which was last seen down nearly 10%. N...Read More

Morgan Stanley upgraded the Weight Watchers parent to "overweight" from "equal weight"Weight Watchers parent WW International Inc (NASDAQ:WW) is getting dragged lower, along with the broader market, down 9.8% at $15.22, despite an upgrade to "overweight" from "equal weight" from Morgan Stanley. The analyst predicted a post-coronavirus surge in focus on health and wellness after an extended period...Read More

Fiat Chrysler is repurposing at least one facility to manufacture masks to combat COVID-19While more preventative measures are put in place to tackle to coronavirus pandemic, Fiat Chrysler Automobiles NV (NYSE:FCAU) announced it was in the process of converting its first plant into a hub that will create face masks to be donated to first responders and healthcare workers, and will be assisting chi...Read More

Cheesecake factory's board of directors will take a 20% reduction in cash retainer feesCheesecake Factory Inc (NASDAQ:CAKE) is down 8.4% to trade at $19.66 at last check this morning. Recently, the restaurant company's CEO, David Overton, told landlords they would not be paying April rent due to the closings and lack of business amid the coronavirus outbreak. Now, the board of directors has electe...Read More

On Monday, the Fed introduced QE-infinity. What does it imply for the US economy and the gold market?Fed Drops Bazooka… and Goes Nuclear Instead!On Monday, the Fed pulled out an even larger bazooka than it did previously. Or, forget about the bazooka. The US central bank has gone nuclear! Indeed, the US central bank announced extensive new measures to support the economy. On March 15, the F...Read More

ArcelorMittal will idle the No3 blast furnace at its integrated slab and flat steel Tubar??o facility, in the country's southeastern Esp?-rito Santo state, because of impacts from the spread of the novel coronavirus, the company said on Friday March 27.The blast furnace at the Tubar??o unit, which has capacity to produce 2.8 million tonnes of crude steel per year, will be halted in early April for...Read More