In late 2008 during what is now referred to as the Great Financial Crisis, government and financial managers had an opportunity to reset a badly out of balance dysfunctional banking system. It would have required pain from bank bondholders, shareholders and taxpayers in general. Everyone recognized Continue...Read More

Prices for rebar imported into the United Arab Emirates have decreased over the past week, with demand only moderate although some deals were heard, sources said on Tuesday August 6.The lower price for imports was because market participants in the Middle East region will be celebrating the Eid al Adha religious holiday most of next week, so some deals were made at discount prices.Domestic rebarLo...Read More

"He's in there nursing his little broken arm. He should've broke his raggedy wrinkly [expletive] neck." Continue...Read More

Jason talks about an interesting chart from global macro hedge fund Crescat Capital about the divergence between precious metals stocks and oil since 1983 and what it might mean for US stocks and also the oil market. Also, many US shale oil producers had really bad Q2 2019 earnings including Concho Resources (NYSE: CXO). Is a larger US shale oil bust coming soon?Jason Burack is an investor, entrep...Read More

Market observers feared China would use its currency as a weapon in the trade war. However, some of those fears were alleviated after Chinese authorities said it would not be devaluing its currency further. Continue...Read More

Dr. Ron Paul is a physician and former twelve-term congressman from Texas who ran for president in 2008. He is the author of eight books, including the New York Times bestsellers The Revolution: A Manifesto and End The Fed. An unwavering defender of the US Constitution, Paul has been an advocate of sound money, personal liberty, free markets, and international peace throughout his political career...Read More

"We know it will be more effective than existing technologies-so we have something thatContinue...Read More

The imported steel billet market in Algeria is expected to become tighter by the end of the year amid the development of local production capacities, sources told Fastmarkets."The [import billet market] is very close. It's not easy to do business with the two majors buyers of billet [Tosyali and Algerian Qatari Steel (AQS)]. Besides, Tosyali is working with [direct reduced iron] DRI and AQS will w...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

The order was issued "in light of the continued usurpation of power by Nicolas Maduro and persons affiliated with him, as well as human rights abuses"Continue...Read More

China's domestic rebar prices held steady on Tuesday August 6, but export prices for the long steel product fell as a result of a weaker yuan. Domestic Eastern China (Shanghai): 3,770-3,800 yuan ($538-542) per tonne, unchangedNorthern China (Beijing): 3,730-3,760 yuan per tonne, unchangedTraders kept prices flat during the day to see how the futures market develops.Sellers would not have been able...Read More

The company notes that this year's drilling program re-emphasizes high potential exploration drilling on targets that can drive the project's valuation. Dark Star with Sentinel in the backgroundGold Standard Ventures Corp. (GSV:TSX.V; GSV:NYSE) announced in a news release the components of its 2019, $6.9 million exploration and development program for its Railroad-Pinion project in Nevada's Carli...Read More

Although assays are pending, the company states the visual indicators are encouraging. Aben's Forrest Kerr Gold ProjectAben Resources Ltd. (ABN:TSX.V; ABNAF:OTCQB) announced in a news release that the 2019 drilling completed so far at Forrest Kerr "continues to provide encouraging visual indicators of significant alteration and mineralization immediately south of the North Boundary mineralized zo...Read More

The company closes a first tranche of a private placement for proceeds of approximately CA$1.5 million. Group Ten Metals Inc. (PGE:TSX.V; PGEZF:OTCQB; 5D32:FSE) closed the first tranche of its nonbrokered private placement for gross proceeds of CA$1,500,499, it announced in a news release. Via the transaction, the Vancouver-based company issued 10,715,850 units at CA$0.14 apiece. Each unit compri...Read More

These results are from an ongoing mapping and sampling program at various levels of the underground workings. Newrange Gold Corp. (NRG:TSX.V; NRGOF:OTC) announced in a news release that exploration work on the 5570 level of its Good Hope mine identified structurally controlled, high-grade gold and silver mineralization. Good Hope is part of Newrange's Pamlico project in Nevada.Follow-up undergrou...Read More

Merafe Resources' earnings fell by 45% in in the first half of the year due to lower chrome ore and ferro-chrome prices, it said.The South African chrome producer, which runs a joint venture with trader-miner Glencore, reported earnings before interest tax, interest, depreciation and amortization (Ebitda) of 435.1 million rand ($29.44 million) for the first six months of this year, down from 796.3...Read More

Ferro-chrome production cuts are likely due to today's low pricing environment, prompting a rebound in the market when supply surpluses shrink, Merafe Resources said on Monday August 5. The South African chrome producer, which runs a joint venture project with trader-miner Glencore, said price and exchange rate volatility are expected to continue to affect the market while global uncertainty will...Read More

Chinese imports of manganese ore totaled 15.7 million tonnes in the first six months of 2019, up by 27.8% from around 12.3 million tonnes in the corresponding period of 2018, according to official but unconfirmed data seen by Fastmarkets. In June, China imported about 2.03 million tonnes of manganese ore, marking an increase of around 3% from 1.97 million tonnes last June, despite being down by 39...Read More

The tech sector lead today's market gainsThe Dow, S&P 500, and Nasdaq all snapped their recent losing streaks, bouncing back some after yesterday's beat-down. Traders took some solace in China stabilizing the yuan, while advisors for President Donald Trump also left the door open for progress on the trade front. The tech sector was one of the biggest winners from the risk-on session, though energy...Read More

Meanwhile, ACB shares are popping on preliminary guidanceStocks are mostly higher this afternoon, following yesterday's nosedive, encouraged by China's plans to stabilize the yuan. Three stocks also making wild moves are pharma stocks McKesson Corporation (NYSE:MCK) and Cardinal Health Inc (NYSE:CAH), as well as marijuana concern Aurora Cannabis Inc (NYSE:ACB). Below, we'll look at what's sparkin...Read More