But, but, but... yesterday CNBC was telling us about how strong the consumer is and how bonds must be wrong.Continue...Read More
India has been adhering to its 'no first use' nuclear weapons policy, but its defense minister says it "depends on the circumstances" if that will continue to be the case. Continue...Read More
Topics:01:35 $3000 - $5000 Gold crushing the street!05:35 $3000 Gold incoming?09:25 Silver's interesting trend, unseen breakout potential15:35 First movers like BTC and Gold making Silver & altcoins explode!18:50 Overvalued equities against precious metalsJeff Clark is editor and lead writer of BIG GOLD, the monthly gold-investment newsletter from Doug Casey's Casey Research. Having worked on his...Read More
?>>?Bill Murphy of GATA.org returns with GATA.org's latest report on the stunning 3 month PMs rally.Once silver breaches $21 is breached, the next leg could send silver sky-high.The cost of living relative to typical domestic income per capita has increased sharply.This event prods investors to chase increasingly risky-assets while forgetting safety.Key investing wisdom, "Be far more concerned b...Read More
China's domestic rebar prices were flat on Friday August 16, though trading activity increased slightly. Domestic Eastern China (Shanghai): 3,670-3,700 yuan ($521-525) per tonne, unchangedNorthern China (Beijing): 3,610-3,630 yuan per tonne, unchangedRebar futures picked up earlier in the day, which stimulated buying interest in the spot market. The benchmark rebar contract on the Shanghai Futures...Read More
Key data from the pricing sessions in China, Asia, Europe and the United States for the week ending Friday August 16. Europe The high carbon ferro-chrome price dropped by 4.4% in the past week due to lower offer prices with one deal reported being done at $0.71 per lb for 350 tonnes. European industry sources generally put prices in the upper 0.70 cents per lb range, although there wer...Read More
Roger Moss, CEO of Labrador Gold, sits down with Maurice Jackson of Proven and Probable to discuss his company's exploration efforts in Labrador. Maurice Jackson: Joining us for conversation is Roger Moss, the president, director, and CEO of Labrador Gold Corp. (LAB:TSX; CBLLF:OTCQX). Glad to have you on the program to share the value proposition before us in Labrador Gold. We have a lot of groun...Read More
Portfolio Manager, attorney, finance author, a regular guest on North American media. Danielle Park is the author of the best selling myth-busting book "Juggling Dynamite: An insider's wisdom on money management, markets and wealth that lasts," as well as a popular daily financial blog: www.jugglingdynamite.com. Danielle worked as an attorney until 1997 when she was recruited to work for an intern...Read More
Gregory Weldon is CEO of Weldon Financial and Editor of the influential newsletters "Weldon's Money Monitor," the "Commodity and Currency Monitor," the" Metal Monitor," and the "ETF Playbook." He launched these macro-market publications, covering supply-demand fundamentals, along with technical, intermarket, and psychological insights, after building a successful career as a trader on Wall Street....Read More
The Canadian company is testing for the presence of Getchell-style, high-grade gold there. Seabridge Gold Inc. (SEA:TSX; SA:NYSE.MKT) began drilling at its Snowstorm project in Northern Nevada, it announced in a news release. Drilling over 7,000 meters will be done, first reverse circulation drilling to the Paleozoic surface then diamond core drilling to target depths. The purpose is to test for...Read More
The results highlight the potential for the explorer to grow its mineral inventory. TMAC Resources Inc. (TMR:TSX) announced in a news release that recent drilling delivered strong results from its Doris and Doris regional programs at its Hope Bay property in Nunavut, Canada. Underground drilling expanded the Doris BTD extension zone. Results showed, for instance, intercepts of 93.3 grams per ton...Read More
Bob Moriarty of 321 Gold makes available the first two chapters of his most recent book that delve into the current state of the economy. Yellow Vests walking in Oloron, France. Photo: Robert MoriartyAfter being bugged unmercifully by a couple of my so-called friends, I finally sat down in early January to write a tome about investing in resource stocks. It took me sixteen days to write. And anot...Read More
The price range for grade-304 cold-rolled stainless sheets narrowed upward this week while participants increasingly expect monthly alloy surcharges for September to rise substantially, Fastmarkets heard on Friday August 16.Fastmarkets' assessment of the price for stainless steel cold-rolled sheet, 2mm, grade-304, transaction domestic, delivered North Europe was ?,?2,230-2,250 ($2,482-2,504) per t...Read More
Market participants in Asia expect PT Indonesia Tsingshan Stainless Steel to be the most significantly affected should the European Union decide to impose anti-dumping duties on imports of stainless hot-rolled coil and sheet from the region.The EU earlier this week initiated an anti-dumping investigation into imports of such products from China, Indonesia and Taiwan.The EU probe could further limi...Read More
Oil edged higher, despite a trimmed demand forecast from OPECThe Dow closed the book on a roller-coaster week with an emphatic 306-point gain. Rallying bond yields and cooling trade tensions with China fueled the blue-chip index's fourth triple-digit move of the week. The S&P 500 and Nasdaq both finished with strong gains today as well, thanks to resurgent bank and tech sectors, respectively. How...Read More
BofA-Merrill Lynch cut DOW to "underperform"U.S. stocks are higher with bond yields today, though the major indexes are still pacing for a third straight weekly loss. Among stocks making notable moves are chemical concern Dow Inc (NYSE:DOW)and biotechPlus Therapeutics Inc (NASDAQ:PSTV). Here's a quick look at what's moving the shares of DOW and PSTV.Dow Stock Shrugs Off DowngradeAfter earlier touc...Read More
The stock market took a hit as a rare inverted yield curve spooked tradersIt was another volatile week on Wall Street, with the Dow Jones Industrial Average (DJI) exploring a more than 1,000-point trading range. Most of the action occurred to the downside -- creating a profitable environment for SPDR S&P 500 ETF (SPY) straddle traders -- after a rare yield curve inversion of the 2-year and 10-year...Read More
Goldman Sachs upgraded KTOS to "buy" and hiked its price target to $26Drone maker Kratos Defense & Security Solutions, Inc (NASDAQ:KTOS) is eyeing its best day in months following a bull note from Goldman Sachs. The analyst upgraded the stock to "buy" from "hold," and hiked its price target to $26 from $24 -- a roughly 44% premium to last night's close. Goldman said it had confidence in the 2020...Read More
The "Chinese Netflix" is higher on stimulus hopesIQIYI Inc (NASDAQ:IQ) -- often called the Chinese Netflix -- will report earnings after the close on Monday, Aug. 19. Ahead of the event, J.P. Morgan Securities launched coverage of the stock with an "underweight" rating and $14 price target, representing a record low for IQ shares and an 18% discount to their current price. Nevertheless, IQ stock i...Read More
Welcome to this week’s Market Wrap Podcast, I’m Mike Gleason.Coming up we dive into China with one of the foremost experts on the subject Gordon Chang. Gordon shares his thoughts on the U.S.-China trade war and why he believes it’s not likely to end anytime soon, talks about the pending economic catastrophe he sees in China and the effects it’s going to have on the global e...Read More