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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
Bob Moriarty of 321 Gold comments on the bulk sample assays from the company's Egina project in Australia. It's been eight months since I have delivered an update on Novo Resources Corp. (NVO:TSX.V; NSRPF:OTCQX). While Novo has put out a fair number of press releases since then I have been waiting for some solid red meat. They have just put out red meat that should satisfy the Novo faithful and r...Read More
Chinese steel mills are banking on infrastructure projects to beat the 2019 bear market, although the remaining months of the year are not expected to be as rosy as January-June due to the country's slowing growth rate. "Some sectors have been growing fast enough to bolster demand for some steel producers in the first half of 2019, especially those which supply steel to the infrastructure and heav...Read More
Chinese steel mills are banking on infrastructure projects to beat the 2019 bear market, although the remaining months of the year are not expected to be as rosy as January-June due to the country's slowing growth rate. "Some sectors have been growing fast enough to bolster demand for some steel producers in the first half of 2019, especially those which supply steel to the infrastructure and heav...Read More
(Updates with closing prices)By Peter HobsonLONDON, Aug 22 (Reuters) - Copper and other industrialmetals prices fell on Thursday as the United States and Chinaexchanged threats in their trade dispute and the yuan slumped toan 11-year low against the dollar. Investors fear the trade war is undermining economic growthand metals usage. A weaker yuan, meanwhile, makes dollar-pricedmetals more expensiv...Read More
Regional Fed presidents don't currently see the need for more rate cutsStocks seesawed today, trading on both sides of breakeven, with investors mostly monitoring updates from the Jackson Hole symposium. With Fed Chair Jerome Powell due to speak tomorrow, multiple regional Fed presidents said they don't see the need for more rate cuts at the moment. Traders also reacted to another brief inversion...Read More
We recommended the August 75 call in late MaySubscribers to Schaeffer's PowerTrend options recommendation service just scored a 244% profit on the Starbucks Corporation (NASDAQ:SBUX) August 75 call. Below, we'll explain why we expected an outsized move for SBUX, and how the winning options trade unfolded with our two partial closes.When we recommended our SBUX call on Tuesday, May 21, the stock...Read More
Reports suggest the blue chip is ready to ramp up 737 MAX production by early next yearBoeing Co (NYSE:BA) stock is at the top of the Dow today, up 4.4% at $354.93, after Reuters reported the company is planning to resume manufacturing its grounded 737 MAX jets in February 2020 at a monthly rate of 52 planes -- building to a record 57 units per month by June -- though this depends on regulators cl...Read More
The retail stock hit a multi-year low earlier Stocks are mixed today as recession fears resurface and a pair of Fed speakers struck a hawkish tone toward future rate cuts, though a big day for Boeing (BA) is keeping the Dow above water. Among other individual names making notable moves today are medical equipment maker Edwards Lifesciences Corp (NYSE:EW), data analytics software firm Splunk Inc (N...Read More
ULTA earnings are due out in a weekUlta Beauty Inc (NASDAQ:ULTA) is trading up 2.2% today at $335.47, testing its 20-day moving average. However, we're more interested in a longer-term trendline, that being the 10-month moving average. According to data from Schaeffer's Senior Quantitative Analyst Rocky White, the previous 10 signals of this type have resulted in an average one-month gain of 9.9%,...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
CEO Patrick Byrne is resigning due to his involvement with an FBI probeThe shares of Overstock.com Inc (NASDAQ:OSTK) have catapulted higher today, after being halted earlier for news. Specifically, the e-commerce and blockchain concern announced that CEO Patrick Byrne is resigning, effective immediately. The exit comes just a week after Byrne said he was involved in a federal probe into Russia and...Read More