No affect in gold and silver price after the FOMC minutes. Traders are still hooked to US-China trade relations, slowdown and central banks bunking US dollar. Federal Reserve policymakers were deeply divided over whether to cut interest rates last month but were united in wanting to signal they were not on a preset path to more cuts. In my view, Trump will start a currency war by forcing Federal...Read More
Seaborne iron ore prices bounced up on Thursday August 22 after a major plunge to almost a seven-month low a day earlier.Fastmarkets indicesIron ore 62% Fe fines, cfr Qingdao: $84.42 per tonne, up by $2.04 per tonne. Iron ore 62% Fe Pilbara Blend Fines, cfr Qingdao: $84.80 per tonne, up by $2.04 per tonne. Iron ore 62% Fe low-alumina fines, cfr Qingdao: $83.13 per tonne, up by $2.56 per tonne. Iro...Read More
CIS suppliers are to reduce their export billet offers by the end of the week, due to a lack of trading activity in most sales outlets, sources told Fastmarkets on Thursday August 22.A Russian producer was offering August rolling billet at $405 per tonne fob Black Sea, but there were no takers ready to accept this price.A Ukrainian mill, shipping material from Azov Sea ports was offering bill...Read More
Frank discusses his early career, his experiences in the late 1970s in that bull market and how in 1997 he decided to do something different by starting Lionsgate Entertainment. After that, he started several successful gold companies including Wheaton River and in 2009 Endeavour Mining. Frank is now back in the resource space with Leagold Mining Corporation. He feels that central banks and govern...Read More
David Rosenberg is Chief Economist and Strategist for Gluskin Sheff in Toronto. In this episode, David answers questions regarding negative interest rates, central bank policy and the outlook for the dollar and gold.Read More
Discussed in this interview:01:42 Gold and silver off to the races?07:31 Commitment of Traders report showing physical market in control11:32 Rising gold and silver prices indicating a crisis ahead?15:28 Power pyramid of the financial elite20:47 Gold a threat to the financial elite?26:27 Impact of China and BRICS countries to 'Anglo-American' empire31:24 Silver's tiny share of global financial wea...Read More
Max interviews Charles Hugh Smith of OfTwoMinds.com about the 'gulag of the mind' keeping people trapped in the predatory financial and political system and the 'human tragedy' in San Francisco. And what does a post-imperial U.S. look like for the ordinary citizen? Not bad, it turns out.Max Keiser is an American broadcaster and film-maker. He hosts Keiser Report, a financial program broadcast on R...Read More
The steel billet import price in Egypt fell in the week to Thursday August 22, with market activity limited because buyers want to wait until the court makes a decision on safeguard duties. Egypt's Administrative Court suspended the temporary duties in July, prompting a flurry of court activity, which eventually led to the final session to discuss the matter being scheduled for...Read More
Continue...Andrew P. Napolitano, a former judge of the Superior Court of New Jersey, is the senior judicial analyst at Fox News Channel. Judge Napolitano has written seven books on the U.S. Constitution. The most recent is Suicide Pact: The Radical Expansion of Presidential Powers and the Lethal Threat to American Liberty.Read More
"As President, Bernie Sanders will boldly embrace the moral imperative of climate change and mobilize the political will necessary for a wholesale transformation of our societyContinue...Read More
Jordan Roy-Byrne, Founder of The Daily Gold shares his strategy for investing in gold stocks, especially the stronger ones that have already moved. With the rebound in gold stocks a couple days ago there is a good chance that the pullback was delayed.Jordan Roy-Byrne, CMT is a Chartered Market Technician and member of the Market Technicians Association.. He is the publisher and editor of TheDailyG...Read More
Bob's website: tradegeniusacademy.comRead More
Continue...Harry Dent is a Fortune 100 consultant, new venture investor, noted speaker, bestselling author, and the founder and senior editor at Dent Research, where he dedicates himself to identifying and studying demographic, technological, and geopolitical trends. He has a free daily newsletter at www.harrydent.com called "Survive and Prosper." Mr. Dent accurately predicted Japan's collapse in...Read More
Investors need to factor in the natural progression of the dynamics between China, Hong Kong, and the free world. That is; from Opium wars to currency wars, to military wars.Continue...Read More
"There is little room for interest rate cuts. In every US recession since the 1970s, the fed funds rate was cut >500bps. In most, the real rate fell >400bps below the neutral rate. Continue...Read More
The U.S. is still expected to account of the bulk of new drilling and the vast majority of new production, with much of that coming from shale. Continue...Read More
The markets are waiting for Jackson Hole. Continue...Read More
0:05 Introduction2:12 Steve's "Energy Returned on Investment" (EROI) thesis6:34 If EROI is accurate, what's the impact on society?8:19 Nuclear power and the EROI theory11:26 Will society continue to advance if the EROI theory is true?12:50 Mining trends Steve focuses on14:47 Can't price inflation solve the EROI problem?17:24 New source of energy could solve the EROI problem20:47 Silver price forec...Read More
Eastern China's rebar prices edged up on Thursday August 22 amid a recovery in the futures market, while those in the northern region were stable amid weak demand. Domestic Eastern China (Shanghai): 3,660-3,690 yuan ($518-523) per tonne, up 10 yuan per tonneNorthern China (Beijing): 3,600-3,630 yuan per tonne, unchangedRebar futures charted a recovery in the afternoon after trending downward in th...Read More
Yildirim Group will close three high carbon ferro-chrome furnaces for at least three months for maintenance, removing 10,000 tonnes per month of ferro-chrome from the market. The Turkish industrial group will close two ferro-chrome furnaces at its Eti Krom subsidiary in Turkey for three months and a third furnace at its Tikhvin ferro-alloy plant in Russia, the company said on Thursday August 22. T...Read More