The comments below are an edited and abridged synopsis of an article by John RubinoOil prices are up over the past year, which is bad if you're a developing country that imports a lot of oil. But the US dollar (the petrodollar) is also up, which compounds the problem because oil is priced in dollars. Brazil, for instance, finds itself buying an appreciating necessity that's priced in an appreciati...Read More
Doug Noland believes the monetary experiment of recent decades and most notably zero-interest rates following the 2008-09 financial crisis has set the stage for the mother of all financial disasters.John Rubino is the founder and manager of the popular financial website DollarCollapse.com. Mr. Rubino is the co-author, with GoldMoney's James Turk, of The Money Bubble and The Collapse of the Dollar...Read More
The comments below are an edited and abridged synopsis of an article by Hugo Salinas PriceThe problem of the world's monetary system, based on the paper dollar as the fundamental currency of the world, is called Triffin's Dilemma.If the dollar is required by all central banks as reserves, there is only one way that these banks can obtain them: They must sell more to the US than they buy from the U...Read More
The comments below are an edited and abridged synopsis of an article by Egon von GreyerzGlobal debt is out of control, and stocks are only rising due to money printing. The worst crash in history is coming, says Von Greyerz.As fear takes hold of markets and the global financial system, the flight to safety will start. There will be few safe assets. Stocks and bonds will crash, and so will property...Read More
The comments below are an edited and abridged synopsis of an article by Dave KranzlerWas gold dumped last Friday? Perhaps paper gold was, but not physical gold.The Comex is a futures contract trading venue. While its vault operators issue daily reports that allege the presence of 100-oz gold bars in custody, we have no idea if those bars are physically in the vaults or whether there are any encumb...Read More
Citigroup has issued a press release back in March stating that it will penalize banking clients who engage in gun sales even though they comply with federal,Continue...Read More
Video of the Weekby Greg Hunter with Gregory MannarinoTrader/analyst Gregory Mannarino says the debt crisis of 2008 is going to blow up again. The European debt crisis was never fixed; they just added more debt onto a debt issue. They maxed out their credit cards and borrowed more, and that is driving markets. They want people to believe it's political turmoil, but some of the largest economies in...Read More
Prices for rebar produced and delivered in southern Europe have narrowed downward by ?,?10 per tonne over the past week, sources told Metal Bulletin on Wednesday June 20.Metal Bulletin's weekly price assessment for domestic rebar in southern Europe was ?,?475-490 ($550-568) per tonne delivered on Wednesday, down from ?,?475-500 per tonne one week earlier. The assessment includes offers and de...Read More
BullionBuzz | Chart of the WeekSources: LBMA; Ycharts Data Stream; Optiontradingtips.com; BMG Group Inc.Read More
How will the coming financial reset impact your cash, savings, retirement accounts, stock, bonds, real estate, mortgage, student loans, gold, silver, and other assets? Will the collapse DESTROY WEALTH or TRANSFER IT from the unprepared to the those who have positioned themselves in advance? What facts do we have to go on from past financial resets, and what signals can we glean from current offici...Read More
TOPICS IN THIS INTERVIEW:01:10 Building wealth from scratch05:10 Gold going forward in the resource sector10:45 Purchasing power shifting from West to East13:30 Trump and Putin - Is there any collusions?18:20 Uranium, a shunned opportunityMarin Katusa has worked directly with and financed many companies of well-known individuals in the resource industry and has become one of the most trusted and w...Read More
Domestic prices for mesh-quality wire rod produced and delivered in both Northern and Southern Europe are unchanged over the past week, sources said on Wednesday June 20.The Southern European domestic price for mesh-quality wire rod held at ?,?520-535 ($602-620) per tonne delivered on June 20 from a week earlier."Mills are looking to push prices up but this hasn't happened yet - the expectation is...Read More
A BMO Capital Markets report outlined the pending arrangement between the two entities. In a June 18 research note, Andrew Kaip, an analyst with BMO Capital Markets, reported that Osisko Gold Royalties Ltd. (OR:TSX; OR:NYSE) acquired a silver stream from Falco Resources on its Horne 5 project in Quebec for CA$180 million (CA$180M). "The silver stream has an internal rate of return of 14% at spot...Read More
Drilling was completed on two holes at a site in British Columbia's Golden Triangle. Pretium's Brucejack MinePretium Resources Inc. (PVG:TSX; PVG:NYSE) recently reported the results of underground exploration drilling east from the Valley of the Kings. Two holes over 1,500 meters in depth intersected Brucejack-style mineralization. Proximity to porphyry-style mineralization at depth was suggested...Read More
Seaborne iron ore trading activity picked up on Wednesday June 20 with bids and trades for Brazilian fines at higher levels.Metal Bulletin 62% Fe Iron Ore Index: $65.49 per tonne cfr Qingdao, down $0.96 per tonneMetal Bulletin 58% Fe Premium Index: $53.61 per tonne cfr Qingdao, down $0.01 per tonneMetal Bulletin 65% Fe Iron Ore Index: $88.30 per tonne cfr Qingdao, up $1.50 per tonneMetal Bulletin...Read More
"I'll be signing something in a little while [to keep families together]...It just didn't feel right to me."Continue...Read More
Please Note: All articles published here are to inform your thinking, not lead it. Only you can decide the best place for your money, and any decision youContinue...Read More
China's ferrous futures remained subdued during morning trading on Wednesday June 20, with the benchmark contracts ending the session largely unchanged from their opening after experiencing major losses a day earlier.Futures closing prices - morning sessionShanghai Futures Exchange October rebar: 3,786 yuan ($585) per tonne, unchangedOctober hot-rolled coil: 3,880 yuan per tonne, up 6 yuan per ton...Read More
Sentiment in the CIS steel billet export market has cooled this week because buying activity has not bounced back as expected after last week's Ramadan and eid holidays.Some CIS mills were trying to push through higher prices, following reports of several CIS-origin cargoes being sold at $515-520 per tonne fob Black Sea last week, with higher scrap values in Turkey leading to a glob...Read More
China's domestic rebar prices remained in a downward trend on Wednesday June 20 after futures weakened in the first few hours of the day, which kept trading activity at a minimum in the spot market.Domestic Eastern China (Shanghai): 4,100-4,150 yuan ($633-641) per tonne, down 10-20 yuan per tonne Northern China (Beijing): 3,880-3,920 yuan per tonne, down 20-30 yuan per tonne Rebar futures had a we...Read More