Iranian producers of steel billet and slab have taken a wait-and-see position this week amid a sharp drop in prices in the global market.No fresh indications of billet offers for foreign customers were reported on Wednesday September 4."We opened a tender and will decide on a price in several days' time, but of course we are following global trends," one producing...Read More
By: Frank Holmes, US FundsThe fast food world gave us an interesting case study in supply and demand last week. By now you've no doubt heard about The Chicken Sandwich, the surprise superstar menu item from Popeyes Louisiana Kitchen that's launched 1,000 blog posts, op-eds and thought pieces. According to reports, the Cajun restaurant sold out of its entire seven-week inventory in just over two...Read More
Jordan Roy-Byrne CMT, MFTAA few weeks ago we wrote that precious metals were at risk of a correction. First, they powered higher. But last week they ran into technical resistance levels that date back well beyond only a few years. This is true for Gold, Silver as well as the miner ETFs: GDX and GDXJ.Starting with Gold, we can see that it has struggled to get through $1550/oz. That's not a surp...Read More
Clint Siegner, Money MetalsIndividual investors are nervous about the stock market and the possibility of recession.Meanwhile, institutional money from banks and hedge funds is keeping a bid under equities, pushing stock prices higher after every minor dip. Together with the "Plunge Protection Team," they are keeping the wheels from coming off the stock market cart.The question is whether that w...Read More
By: Ira EpsteinGold is just a very solid move, almost straight up since gold's low in May - gold weekly chart:Read More
China's domestic rebar prices moved up slightly on Wednesday September 4 on increased buying activity amid a strengthening of the futures market.Domestic Eastern China (Shanghai): 3,630-3,660 yuan ($507-511) per tonne, up 10 yuan per tonneNorthern China (Beijing): 3,600-3,630 yuan per tonne, widened upward by 10 yuan per tonneRebar futures experienced a strong morning and rose to a high of 3,443 y...Read More
Click Here to Listen to the InterviewJohn Williams of Shadowstats.com returns to the show with a disruptive economic forecast.Shadowstats.com's analysis mirrors the work of Boston University Economist, Professor Kotlikoff.The nation may be facing a solvency crisis if long-term obligations continue to accumulate.John Williams finds that up to $80 trillion is required to keep the house-of-cards from...Read More
Bill Murphy is a financial commentator and the chairman and director of the Gold Anti-Trust Action Committee (GATA), which was founded as a result of Murphy's essays on collusion among large financial institutions to suppress the price of precious metals. Murphy believes the price of gold is artificially low and has spent years lobbying the U.S. government to investigate market manipulation in the...Read More
Theodore Butler is an independent silver analyst who has published unique precious metals commentaries on the internet since 1996. He is the head of Butler Research LLC, where he offers a subscription service of weekly commentaries, including detailed analysis of the Commitment of Traders Report, regulatory developments, supply and demand considerations, and topics of interest to investors in prec...Read More
Sam Zell is an American businessman. He is chairman of Equity Group Investments (EGI), a private investment firm he founded in the 1960s. The firm's equity interests are often in asset-intensive industries such as real estate, energy, logistics, transportation, media, and health care. EGI's holdings also include fixed-income investments in public and private companies. The firm's specialty has alw...Read More
The U.S. government would partner with Big Tech to use spy data from Amazon, Google and Apple services and products to determine who could own a gun.Continue...Read More
"Google and YouTube knowingly and illegally monitored, tracked, and served targeted ads to young children just to keep advertising dollars rolling in."Continue...Read More
The yield curve first flirted with inversion earlier this year. That occurred clearly recently when the 2-year Treasury bond yield crossed below the 10-year, and it has done that further more recently.Continue...Read More
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
"Even if you don't believe the dollar is going higher, I hope you've at least sat back and thought, 'What if it did happen?'"Read More
"The Trump administration must pledge to continue this critical protection for children and families being treated for serious illnesses like cancer, cerebral palsy, cystic fibrosis,' Continue...Read More
After years of radio silence, Dr. Michael Burry - the small-time stockpicker who rose to fame for his bets against subprime mortgage bonds featured in the book (and later film) "the Big Short" - Continue...Read More
"You're seeing it pretty much throughout the world. It's only a matter of time before it's more in the United States," Greenspan told CNBC on Wednesday. Continue...Read More
Rob Isbitts is an investment strategist and portfolio manager for high net worth families with over 30 years of industry experience.Continue...Read More
Unlike GDX and GDXJ, GOAU is very selective. It has but 28 stocks. Thirty percent of the ETF is allocated toContinue...Read More