By: Ira EpsteinGold market has backed off here. Not pretty on the chart action on gold..Read More
The monthly alloy surcharges for stainless steel in Europe have decreased for May because of lower alloy component costs, Fastmarkets heard on Friday May 1.Transaction prices for finished stainless steel remained unchanged, meanwhile, following decreases last week that were made in anticipation of the lower May surcharges.Fastmarkets' calculation of the stainless steel cold-rolled sheet, 2mm, grad...Read More
As we learn more about the coronavirus, and all of the numbers that are released by the government, there's more and more that just doesn't add up. Fortunately, Jim Willie, editor of The Hat Trick Letter, joined the show to discuss the discrepancies he's noticed, and what he thinks is really going on. So if you want to know what you're not being told about Coronavirus, click to watch the video now...Read More
Key data from Fastmarkets' pricing session in Shanghai, New York and Galway on Friday May 1.China China's domestic prices climbed on a more active spot market, with mills restocking ahead of the Labor Day holiday from May 1-5.Production costs for ferro-silicon will increase...Read More
While everyone sits at home with increasing frustration, there's a lot of new attempts of control being imposed on the world, which are frankly quite maddening. And what's worse are all the facts surfacing about what's already happened long before this pandemic was revealed. In this video I'm going to show those facts, along with the newest attempts at getting you to forfeit your rights, including...Read More
When the only journalist in the world who dares tell the truth rots in jail in England, being tortured on behalf of the US for doing his job, something is terribly wrong with our society.Continue...Read More
Be prepared! Sometimes in future, your children or grandchildren will ask you about the current economic slump. They will question: "how was it possible that such a minor pandemic in terms of mortality Continue...Read More
It's game-over for most of the U.S. oil industry. Prices have collapsed and storage is nearly full. The only option for many producers is to shut in their wells. That means no income. Continue...Read More
The company has placed items like burgers, bacon and sausage on "controlled allocation," according to Business Insider. Additionally, the company's distribution centers have been placed on "managed supply".Continue...Read More
"Counterfeiters are using sophisticated online marketing techniques to prey on the emotional fears and anxieties of the public. Continue...Read More
The man's father-in-law was a dentist for 55 years and kept all of the gold fillings he removed.Continue...Read More
Key data from the pricing sessions in Asia, Europe and the United States for the week ended Friday May 1.China The rise in UG2 chrome ore prices slowed down after China's major stainless steel mills all raised their ferro-chrome tender prices by a lower-than-expected amount. The imported charge chrome price ticked upward by $0.01 per tonne on improving sentiment and with availability of material f...Read More
The leveraged buyout (LBO) of the private sector by the government will cripple the capital markets' price signaling mechanism and bring innovation to a screeching halt. Continue...Read More
An article in Canada's french La Press today announced that Canada had fiished selling off its gold reserves. The last time a country sold their gold it was England at US$275 per ounce in 2002. It turned out to be a bottom (the worst time to sell) as it is now around US$1700 per ounce. Let's see if history repeats itself. I have always been on the record to support assets with no counter party ris...Read More
The Dow finished the day down 622 pointsThe Dow marked the first day of May with a 622-point loss. The S&P 500 and Nasdaq also closed in the red, as tech giant Amazon.com (AMZN) led the indexes downward, following a less-than-stellar first-quarter earnings report. Meanwhile, U.S. President Donald Trump's tariff consideration is weighing heavy, after White House economic advisor Larry Kudlow stated...Read More
Wall Street kept its eye on the Fed's two-day meeting, while coronavirus-related headlines continued to stream in The Dow Jones Industrial Average (DJI), the S&P 500 Index (SPX) and the Nasdaq Composite (IXIC) all struggled to maintain their momentum this week, though the Dow and S&P both notched their best months since 1987. While the week started off strong as the first murmurs of plans to reop...Read More
Amazon's first-quarter earnings missed Wall Street's estimatesThe shares of Amazon.com, Inc. (NASDAQ:AMZN) are down 8.2% to trade at $2,271, after the e-commerce giant reported first-quarter earnings of $5.01 per share, which came in lower than Wall Street's $6.25 estimate. The firm's reported revenue of $75.45 billion exceeded estimates, however. The company also forecast a possible second-q...Read More
Brazil's Vale expects the price premium for high-grade iron ore fines to decrease in the second quarter compared with those in the first, with production in China resuming.Brazilian 65% Fe iron ore has been fetching around $20 per tonne more than reference prices for 62% Fe material. This difference is mainly due to supply issues, which reduced inventories in China, the mining major's executive di...Read More
The Dow and Nasdaq are set to eke out weekly winsThe Dow Jones Industrial Average (DJI) is stumbling into the weekend, nursing a nearly 600-point loss at midday. As if the coronavirus outbreak wasn't pressuring Wall Street enough, now there are fresh tariff threats from President Donald Trump aimed at China in retaliation for the country's handling of the COVID-19 pandemic. The S&P 500 Index (S...Read More