Danielle DiMartino Booth spent nine years as an advisor to Richard W. Fisher at the Federal Reserve Bank of Dallas. Danielle left the Fed in 2015 to found Money Strong, LLC, an economic consulting firm and launched a weekly economic newsletter She is the author of Fed Up: An Insider's Take on Why the Federal Reserve is Bad for America. DiMartino Booth began her career in New York at Donaldson, Luf...Read More

David Morgan is a world-renown precious metals aficionado. He is the creator of TheMorganReport.com, a monthly report that covers economic news, overall financial health of the global economy, currency problems and the key reasons for investing in precious metals. A dynamic, much-in-demand speaker all over the globe, David's educational mission also makes him a prolific author, having penned Get t...Read More

"Interesting exchange toward the end of Trump's remarks with reporters before Marine One departure: Trump says US considering blockade on Venezuela."Continue...Read More

Gold Options Doubled Today (August 1) in Hours... If you followed the gold recommendation I made here yesterday you could have doubled your money. Many of my subscribers did. Here's how:Read More

There was massive short covering in yesterday's gold rise. Yen crashed against the US dollar while gold rose. This is safe haven demand is nothing else. Trump said that he will impose additional ten percent tariff on the remaining $300 billion Chinese imports from September 1. There is recession fears and more global trade war fears. Gold is bound to rise more. Chinese retaliatory action will be...Read More

*The interview begins at 6:04Frank Holmes is the CEO and chief investment officer of U.S. Global Investors, Inc., a boutique investment advisory firm based in San Antonio that manages domestic and offshore funds specializing in the natural resources and emerging markets sectors.Read More

Silver market analyst Ted Butler welcomed a statement by the new chairman of the U.S. Commodity Futures Trading Commission, Heath Tarbert, that the commission Continue...Read More

The export market for pig iron from the Commonwealth of Independent States (CIS) was stable and seasonally calm in the past seven days, sources told Fastmarkets on Thursday August 1.Fastmarkets' weekly price assessment for high-manganese pig iron export, fob main port Black Sea, CIS, was $335-340 per tonne on Thursday, stable week on week.Sales from the CIS were heard only to the United States, th...Read More

Price movements in the global ferrous scrap markets were mixed in the past week. Poor demand in India and Turkey caused prices to fall or remain stable, but Asian scrap buyers have accepted increased prices because of higher settlements in the domestic market of the principal supplier, the United States. Weak downstream markets keep Turkish mills away from spot market Higher freight cost pushes do...Read More

Results from those activities, which are pending, will inform additional drilling. Dixie Lake, Red Lake DistrictGreat Bear Resources Ltd. (GBR:TSX.V; GTBDF:OTC) provided in a news release an update on its current, ongoing exploration efforts at its Dixie project in Ontario's Red Lake District.While the company awaits backlogged assays, it is exploring the LP Fault. All three rigs are currently dr...Read More

Permits have been obtained and a drilling company engaged. Defense Metals Corp. (DEFN:TSX.V; DFMTF:OTC; 35D:FSEQB) announced in a news release it contracted with Falcon Drilling to conduct drilling at the minerals explorer's Wicheeda rare earth elements project in British Columbia.The 2,000 meter surface core drill program is slated to begin in August and take about six weeks to complete. Current...Read More

Soaring iron ore prices have pushed Chinese hot metal costs up above those for ferrous scrap over recent months, stimulating greater use of the secondary raw material, according to calculations by Fastmarkets' research team. Fastmarkets' Steel Cost Service updates for the first and second quarters of 2019 detail average global integrated (BOF-route) plant's crude steel costs rose to an average of...Read More

Soaring iron ore prices have pushed Chinese hot metal costs up above those for ferrous scrap over recent months, stimulating greater use of the secondary raw material, according to calculations by Fastmarkets' research team. Fastmarkets' Steel Cost Service updates for the first and second quarters of 2019 detail average global integrated (BOF-route) plant's crude steel costs rose to an average of...Read More

China's rebar futures fell on Friday August 2 after United States President Donald Trump threatened to impose a 10% import duty on $300 billion worth of Chinese goods from September 1, which pushed down spot prices for the long steel product. Domestic Eastern China (Shanghai): 3,820-3,850 yuan ($554-558) per tonne, down 60-70 yuan per tonneNorthern China (Beijing): 3,750-3,780 yuan per tonne, down...Read More

ArcelorMittal has lowered its 2019 forecast for apparent steel consumption in Brazil amid slowing growth in the country's gross domestic product and a recession in neighboring Argentina.Brazilian steel demand is now expected to increase by 1.5-2.5% this year, compared with a previous of estimate of 3-4%, according to calculations by the world's largest steelmaker disclosed in its second-quarter ea...Read More

The Dow fell for a fourth straight dayU.S. stocks added to their recent weakness today, with the Dow finishing deep in the red for its fourth consecutive loss. The S&P and Nasdaq also finished deep in the red and extended their losing streaks to five days -- the longest since March -- due to ongoing trade fears, each posting their worst weekly performance of the year. An afternoon press conference...Read More

European steelmakers have increased their offer prices of stainless-steel flat products due to higher nickel costs, sources told Fastmarkets on Friday August 2.The price of nickel, 3 months, London Metal Exchange Daily Official, was $14,520-14,525 per tonne on August 2, up from $14,100-14,125 per tonne on July 26.As a result, European steelmakers have increased the August alloy surcharges for grad...Read More

BMO downgraded the equities to "underperform"The shares of Sprouts Farmers Market Inc (NASDAQ:SFM) are lower this afternoon, as traders pan the grocery concern's quarterly earnings report. In addition, analysts at J.P. Morgan Securities downgraded SFM to "neutral" from "overweight," and cut their price target to $19 from $22. Meanwhile, BMO Capital cut SFM stock to "underperform" from "market perf...Read More

Contrary to majority opinion, gold and especially the gold mining stocks that leverage its macro status are not about inflation, especially cyclical inflation that runs with a positive economy.Making an appropriate return after a few months on hiatus, ladies and gentlemen… the Macrocosm. old stocks are about counter-cyclicality as gold rises vs. US stocks…Gold rises vs. Global Stocks...Read More

An earnings beat from Aphria is helping the marijuana sector buck the broad market selloff While stocks are sinking today on trade fears, the weed sector is bucking broad market trends. This sector surge includes Cronos (CRON), up on its buyout of Redwood. Two other names making headlines today are Aphria Inc (NYSE:APHA) and Aurora Cannabis Inc (NYSE:ACB). Below we'll take a look at what's driving...Read More