I remember clearly the first time someone informed me that all markets were manipulated. It was just after my mom told me that the sun rises Continue...Read More
By Axel Merk And Nick ReeceIn recent months, pundits have cautioned about a flattening yield curve, suggesting it may signal the end of the economic expansion, the end of the bull market, possibly even the end of the world as we know it. There's plenty to worry about in the markets, but in the spirit that knowledge is the enemy of ignorance, let's clear up some myths.First, what is yield curve s...Read More
This blog post is a guest post on BullionStar's Blog by the renowned blogger JP Koning who will be writing about monetary economics, central banking and gold. BullionStar does not endorse or oppose the opinions presented but encourage a healthy debate. The poster child of a cashless society is Sweden. There are all sorts of anecdotes about beggars accepting cards, churches passing around mo...Read More
"Woke up and wasn't even going to check my silver shorts....I was shocked"Marshall Swing sent us a quick comment about the smash on Tuesday, and today he was kind enough to follow it up with his chart.The barrage of news has been relentless this week to say the least, and BOOM, we got hit real good on Tuesday.Marshall wanted me to point out the fact that just the hint of rate increases is enough t...Read More
Turkish rebar and wire rod export prices have weakened in the past week on sluggish demand in the country's export markets, sources said on Thursday May 17.Turkish steel producers had reduced their offers to $555-560 per tonne fob on an actual weight basis, while buyers' bids have fallen to $545 per tonne fob and below, according to sources.Only a...Read More
Peter KrauthGold is the ultimate safe haven no investor can afford to ignore… but it's the white metal, silver, that's beautifully poised to deliver, frankly, extreme outperformance over the next several years.All the hours of precious metals and commodities research I do each month has brought me to one inescapable conclusion: Silver is the most undervalued resource right now.And you don't...Read More
By Rory HallMany of you may remember the great debate between then Congressman, Dr. Ron Paul and then Federal Reserve Chairman, Ben Bernanke, when Dr. Paul ask Mr. Bernanke if gold was money. The look on Bernanke's face is absolutely priceless.If we go all the way back to 1966 we would find Alan Greenspan's report Gold and Economic Freedom where Greenspan explained, in plain English, how what ai...Read More
Harvey says with 335,000 ounces of silver standing for delivery this month, somebody is in desperate need of silver. Here's the details...by Harvey Organ of Harvey Organ BlogMAY 16/GOLD RISES $1.05 TO $1292.00/SILVER UP 10 CENTS TO $16.39/ HUGE 1.883 MILLION OZ OF SILVER ADDED INTO THE SLV/DESPITE THE SHELLACKING IN GOLD/SILVER YESTERDAY WE HAD A MONSTROUS 20,000 EFP'S ISSUED IN GOLD AND OVER 4,00...Read More
In this special edition of Under The Skin celebrating the paperback release of my book Recovery - clinical psychologist Dr. Jordan Peterson joins Russell again to discuss the nature of social hierarchies, where power lies and how to live in harmony. We also compare his 12 Rules for Life with the 12 Steps in my book Recovery.Read More
Turkish domestic long steel prices have gone down on a US dollar basis over the past week due to the weakening of the domestic lira, sources said on Thursday May 17.Metal Bulletin's weekly domestic price assessment for rebar in Turkey was $555-570 per tonne ex-works, down from the $565-570 per tonne of last week.The local rebar price in the Izmir region was $560-570 per tonne ex-works, while the I...Read More
"We can't comment directly on regulatory matters, but over the past several months we've built more robust internal processes that reinforce our values, and if we find any Continue...Read More
The price of imported steel billet in Egypt has gone up this week although local rebar prices are unchanged, sources told Metal Bulletin on Thursday May 17.The country's rebar biggest producer, Ezz Steel, is still offering material at E ?12,528 ($700) per tonne ex-works, including 14% VAT, while Beshay Steel, also a major domestic producer, is offering...Read More
The resource estimate was subdivided into the upper polymetallic zone and the lower copper zone, with the latter's high-grade inferred mineral resource at 1.1 million tonnes at 1.1% copper and 13g/t silver containing 26 million pounds (11,793.4 tonnes) of copper and 460,000 ounces of silver at a 0.5% copper cut-off grade.The upper zone's inferred mineral resource includes a high grade domain of 75...Read More
Trading activity has rebounded in the export market for pig iron from the Commonwealth of Independent States after a long silence in key outlet regions for the product."The market is still rather quiet, but buyers have started to show an interest in new purchases," a trader told Metal Bulletin on Thursday May 17.Metal Bulletin's export price assessment for high-manganese pig iron from the CIS regi...Read More
That was the key message of a panel session at ResourceStocks Sydney Thursday featuring PCF Capital Group managing director Liam Twigger, Resource Capital Funds' Joe Bishop, Cardinal Resources director Robert Schafer and Lion Selection Group's Hedley Widdup.Read More
SHANGHAI, May 17 (SMM) – The nonferrous complex closed higher except for SHFE zinc that dropped close to 1%. SHFE aluminium rose close to 1%, copper, lead, nickel and tin inched up.The ferrous complex saw mixed trading. Coking coal lost 1.9% while coke and iron ore closed slightly lower. Hot-rolled coil gained over 1% and rebar edged up.Copper: The SHFE 1807 contract was dragged down by...Read More
Turkish deep-sea scrap import prices fell sharply on Thursday May 17 on news of a fresh European cargo being sold on the day.The country's steel producers were trying to get lower prices because of the weak demand in the domestic finished steel markets, sources said.A steel mill in the Iskenderun region booked the European cargo, comprising 25,000 tonnes of HMS 1&2 (75:25) and 10,000 tonnes of bon...Read More
It said the target was an alluvial plain on Rico Creek, which drained the giant Paracatu gold deposit owned by Kinross.Kinross took full ownership of the long-life mine, also known as Morro do Ouro, in December 2004 and it produced 359,959 gold-equivalent ounces last year."Our multifactorial analysis had predicted a high probability for gold in this mineral right, and now drilling has confirmed it...Read More
Production of most pig iron and all steel products at ArcelorMittal Kryvyi Rih (AMKR) facility in Ukraine has been halted due to worker protests that began on Wednesday May 16. The protests were started by railroad department workers and spread to all other departments on May 16. Protesters have demanded an increase to monthly salaries to ?,?1,000 ($1,181) and to assurances that all rolling stock...Read More