Clint Siegner The crooked precious metals trading department at JPMorgan Chase lost another man last week. Christian Trunz pleaded guilty to criminal "spoofing" of the markets and resigned from his position as an Executive Director with the bank.The story mirrors that of John Edmonds, the Chase banker who pleaded guilty last October for rigging gold and silver prices.Like Edmonds' illicit tradin...Read More
By: Ira EpsteinGold hit the upper bolinger band and retreated yesterday, some of the pros took some off the table. Big US holiday coming too. Gold Market overbought..Read More
China's rebar prices continued to experience pressure from the country's protracted trade tensions with the United States on Tuesday August 27.Domestic Eastern China (Shanghai): 3,550-3,600 yuan ($497-504) per tonne, down 70-90 yuan per tonneNorthern China (Beijing): 3,540-3,560 yuan per tonne, down 50 yuan per tonneSimmering tensions between the world's two largest economies pushed down rebar pri...Read More
The Chinese ferro-silicon price continued to trend lower over the past week amid persistently weak domestic demand, while prices in Europe and the United States were steady in inactive spot markets. China's domestic ferro-silicon price drops on weak demand, adequate supplyExport price in China steady but vulnerableEU prices steady in quiet marketUS price flat due to inactivity Chinese ferro-s...Read More
Links to slides and sources: https://www.itmtrading.com/blog/qa-wi...Question 1. Eric M: Are corporate, high yield and international bond instruments exposed to the same risk, and are they bad investments?Question 2. Fred J: If fiat currency is not backed by gold, then why and how would those who create the fiat currency care one way or other about gold? Why should the Federal Reserve/IMF/World Ba...Read More
Maloney is a collector. He collects fine art, cars, books, music, gold, silver....and MEMES. Enjoy this 'first in series' video where Mike gives you a look at his collection of memes that highlight the stark differences between socialism and capitalism.Michael Maloney is a precious metals investment expert and historian. He is the founder and owner of GoldSilver.com, a global leader in gold and si...Read More
Rick discusses his early career lessons and how in a bull market, anyone including him can look like an expert. In the 1970s, the incorrect narrative was that the world was running out of resources. What everyone missed was that when prices rise, people learn to conserve, they become more efficient while higher prices encourage new supply. Think about the attractiveness of modern bonds where banks...Read More
Peter Schiff is an internationally recognized economist specializing in the foreign equity, currency and gold markets. Mr. Schiff made his name as President and Chief Global Strategist of Euro Pacific Capital. He frequently delivers lectures at major economic and investment conferences, and is quoted often in the print media, including the Wall Street Journal, New York Times, Barron's, BusinessWee...Read More
We are now witnessing the death throes of the free market. The massive and record-breaking global debt overhang, which is now $250 trillion (330% of GDP), demands a deflationary deleveraging depression to occur; as a wave of defaults eliminates much of that untenable debt overhang. The vestiges of the free market are trying to accomplish this task, which is both healthy and necessary in the long t...Read More
"Everybody loves me, and I love everybody," Chappelle assures the audience. "I got friends who are Ls, who are Bs, and I got friends who are Gs. But the Ts hate my f**king guts."Continue...Read More
Chinese vanadium exporters continued to reduce their offer prices due to lackluster overseas buying interest in the week ended Friday August 23, while European and US markets reported thin trading amid summer mill outages. Chinese exporters reduce offers amid limited buying interest abroad. European ferro-vanadium market faces thin trading. Vanadium pentoxide suppliers in Europe raise...Read More
RV sales are crashing at a year-over-year rate of 20% below sales for the same period last year. 2017 was the peak thus far and 2018 sales were 4% lower. Hence, this year's crash Continue...Read More
*This interview was recorded on 8/23/19David Stockman is a former Republican congressman from Michigan and was President Reagan's budget director from 1981 to 1985. After leaving the White House, Stockman became a managing director at Salomon Brothers, and he later founded a private equity fund. David is the founder of David Stockman's Contra Corner, and he is the author of The Great Deformation:...Read More
For Part 1 of this interview, CLICK HEREMax Keiser is an American broadcaster and film-maker. He hosts Keiser Report, a financial program broadcast on RT. He presents a weekly show about finance and markets on London's Resonance FM, and writes for The Huffington Post. Keiser invented "Virtual Specialist Technology," a software system used by the Hollywood Stock Exchange. Prior to inventing this te...Read More
Gregory Mannarino started his financial career working for the securities and trading arm of the now defunct Bear Stearns before the dot-com bubble. He is an active trader of the capital markets and has published several books pertaining to finance, global economics, and equity trading; His most recent book is titled Ultimate Guide To Money and The Markets (free ebook). Gregory currently hosts a b...Read More
Numerous women have come forward to describe abuse at the hands of infamous pedophile Jeffrey Epstein and his circle. Meanwhile, prosecutors are trying to bring the case against Epstein to an end on account of his suicide. Investigative journalist Ben Swann explains why the case is far from closed. Read More
The 30-year bond yielded 1.961% and was on pace to close below the 3-month bill yield for the first time in twelve years.Continue...Read More
And the punchline: "There's even an argument that the election itself falls within the Fed's purview."Continue...Read More
Profit-lock enthusiasts can buy a breakout over $30 and place a stoploss at $27.50. A move above $30 opens the door for a violent surge to $37-$39.Continue...Read More