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The growing coronavirus pandemic is harshly impacting economic activity around the globe. It has also triggered the worst market crash since the 2008 Great Depression. Despite stimulus measures, including Trump’s recently announced US$2 trillion package, the short-term economic outlook remains bleak. This is weighing heavily on commodities, particularly oil and base metals. That in turn has...Read More
The TSX rallied this week with some of its biggest positive moves in history. Many stocks rallied in line with it — stocks like Scotiabank and Barrick Gold (TSX:ABX)(NYSE:GOLD). But the difference between these stocks lies elsewhere. Today, we will take a look at why Canadian investors should own the gold miner instead of the banker.For one thing, Barrick is positive by 17% year on...Read More
(Image courtesy of BHP). Global miner BHP Group (ASX, LON, NYSE: BHP) launched an $8-million plan focused on helping mitigate the spread of COVID-19 in Chile.BHP operates the Escondida copper mine, which is the world's largest, and the Pampa Norte mine, which consists of two operations, Spence and Cerro Colorado. Both complexes are in the northern Atacama Desert but Escondida and Spence are locat...Read More
(Reference image from Pixnio, CC0). The Esperanza camp, which is part of the San Carlos Panantza mining complex in Ecuador, was intentionally set on fire and destroyed this weekend, according to information made public by the Ministry of Energy and Natural Non-Renewable Resources.The copper project, located in the southeastern province of Morona Santiago, is operated by Explorcobres S.A.(EXSA),...Read More
CPU processor. (Reference image from Pxfuel, CC0). A research paper published in Physical Review Letters reveals that gold can stand up to the strain of the next-generation data processing in electronic devices.The study was carried out because engineers were starting to worry about the possibility of the tiny gold wires that are used in electronics behaving more like a liquid than a solid as cir...Read More
Here are five Fastmarkets stories you might have missed on Friday March 27 that are worth another look.European flat steel producers have reduced output, and some of them have stopped operating certain equipment, in their attempts to balance supply and demand after multiple automotive producers suspended their operations because of the Covid-19 pandemic.The Zambian government will remove the 5% im...Read More
Here are five Fastmarkets stories you might have missed on Friday March 27 that are worth another look.European flat steel producers have reduced output, and some of them have stopped operating certain equipment, in their attempts to balance supply and demand after multiple automotive producers suspended their operations because of the Covid-19 pandemic.The Zambian government will remove the 5% im...Read More
Here are five Fastmarkets stories you might have missed on Friday March 27 that are worth another look.European flat steel producers have reduced output, and some of them have stopped operating certain equipment, in their attempts to balance supply and demand after multiple automotive producers suspended their operations because of the Covid-19 pandemic.The Zambian government will remove the 5% im...Read More
There were 63,159 new confirmed cases of the virus yesterday, taking the global tally to 634,835 people, according to the World Health Organisation.The number of deaths increased by 3,464 to 29,957.The oil price has tumbled towards US$20 per barrel while gold is worth about US$1,630 an ounce on the spot market."In China, workers are returning to factories just to be told about delayed or cancelled...Read More
Here are five Fastmarkets stories you might have missed on Friday March 27 that are worth another look.European flat steel producers have reduced output, and some of them have stopped operating certain equipment, in their attempts to balance supply and demand after multiple automotive producers suspended their operations because of the Covid-19 pandemic.The Zambian government will remove the 5% im...Read More
Here are five Fastmarkets stories you might have missed on Friday March 27 that are worth another look.European flat steel producers have reduced output, and some of them have stopped operating certain equipment, in their attempts to balance supply and demand after multiple automotive producers suspended their operations because of the Covid-19 pandemic.The Zambian government will remove the 5% im...Read More
Here are five Fastmarkets stories you might have missed on Friday March 27 that are worth another look.European flat steel producers have reduced output, and some of them have stopped operating certain equipment, in their attempts to balance supply and demand after multiple automotive producers suspended their operations because of the Covid-19 pandemic.The Zambian government will remove the 5% im...Read More
In our latest Insights, we update where we stand with respect to peak insider buying, an event that can coincide near stock market lows. Meanwhile, we note one area of the market that may have put in a V-shaped recovery.In our clip of the week we look at a way to help narrow down opportunity, and our insider of the week will likely have a bigger impact on our mutual well-being than any CEO or pol...Read More
The world suddenly finds itself tipped into the gravest crisis since the 2nd World War, and with respect to the global economy it is actually far worse, because the financial system was teetering on the verge of collapse even before the coronavirus epidemic surfaced as a result of the exponential growth of debt and derivatives - so the virus epidemic and the reaction to it has simply acted as a...Read More
Here are five Fastmarkets stories you might have missed on Friday March 27 that are worth another look.European flat steel producers have reduced output, and some of them have stopped operating certain equipment, in their attempts to balance supply and demand after multiple automotive producers suspended their operations because of the Covid-19 pandemic.The Zambian government will remove the 5% im...Read More
To Watch Update #59, CLICK HEREThe world has been fighting covid-19 long enough that we are beginning to arrive at some constructive conclusions. Part of the intense infectiousness of this virus is due to its long asymptomatic phase, where hosts feel fine but are shedding contagious particles. Increased testing is now showing that the majority of folks testing positive don't realize they're sick....Read More
Wolf Richter is the founder of Wolf Street Corp and the publisher of WolfStreet.com. Wolf has over twenty years of C-level operations experience, including turnarounds and a VC-funded startup. He has a BA, MA, and MBA (UT at Austin). In his prior life, he worked in Texas and Oklahoma, including a decade as General Manager and COO of a large Ford dealership and its subsidiaries. Read More
"Currency wars, trade wars, Greatest Depression, World War 3."Gerald Celente is a pioneer trend strategist and founder of The Trends Research Institute. He is the author of the national bestseller Trends 2000: How to Prepare for and Profit from the Changes of the 21st Century and publisher of the internationally circulated Trends Journal newsletter. Gerald Celente is a political atheist. Unencumbe...Read More
An invigorating discussion of current circumstances with Mervyn King, former governor of the Bank of England and author of Radical Uncertainty.James "Jim" Grant is an American writer and publisher and the founder of Grant's Interest Rate Observer, a twice-monthly journal of the financial markets. He is the author , most recently, of The Forgotten Depression: 1921: The Crash That Cured Itself. Gran...Read More