Sprott Money News ? Sprott Money News Weekly Wrap-up - 6.26.20Eric Sprott has more than 40 years of experience in the investment industry. In 1981, he founded Sprott Securities (now called Cormark Securities Inc.), which today is one of Canada's largest independently owned securities firms. In 2001, Eric established Sprott Asset Management Inc. Over the years, Eric has personally been the recipie...Read More
What's going in the country is emblematic of what's going on in our financial world. What's being told to us doesn't comport with what's going on in the world. Rob believes there's a shortage of gold and silver and yet the prices don't move. But when you try to purchase PPE (personal protective equipment). The price of disposable gowns has gone up from 50 cents to $50. And that's just one example....Read More
Gerald Celente is a pioneer trend strategist and founder of The Trends Research Institute. He is the author of the national bestseller Trends 2000: How to Prepare for and Profit from the Changes of the 21st Century and publisher of the internationally circulated Trends Journal newsletter. Gerald Celente is a political atheist. Unencumbered by political dogma, rigid ideology or conventional wisdom,...Read More
HBO is censoring five South Park episodes that depict the Islamic prophet Muhammad.Continue...Read More
What will cause the central banks to lose control is the greatest wave of debt defaults in recorded history. On that score, the Fed just issued its Flow of Funds data for Q1, and itContinue...Read More
MacroVoices Erik Townsend and Patrick Ceresna welcome Harley Bassman to the show to discuss everything from the recession outlook to the coming shift from deflation to inflation, and what it means for fixed income markets & more.Harley's biography: http://www.convexitymaven.com/biography.htmlTopics:Impact of COVID19 on recession - was it the cause or catalyst?Perspective on declining population an...Read More
Once you allow your economy to become dependent on extremes of debt, leverage, inequality, legalized looting, monopoly, pay-to-play politics and speculative asset bubbles, a depression is inevitable.Continue...Read More
Portfolio Manager, attorney, finance author, a regular guest on North American media. Danielle Park is the author of the best selling myth-busting book "Juggling Dynamite: An insider's wisdom on money management, markets and wealth that lasts," as well as a popular daily financial blog: www.jugglingdynamite.com. Danielle worked as an attorney until 1997 when she was recruited to work for an intern...Read More
Indian local secondary billet prices increased by 300 rupees per tonne week-on-week on Friday June 26 on improved demand from sustained buying by makers of finished steel products.The price of steel billet, domestic, ex-works India, was assessed by Fastmarkets on June 26 up by 300 rupees per tonne to 27,600-27,800 rupees ($366-369) per tonne, compared with last week's assessment at 27,300-27,500 r...Read More
"The Fed's severely adverse scenario for GDP imagined a decline of "8 1/2 percent from its pre-recession peak, reaching a trough in the third quarter of 2021."Continue...Read More
"Regular consumption of even small amounts of the heavy metal over extended periods increases the risk of cardiovascular disease, certain cancers, and lower IQ scores in children, and poses Continue...Read More
"Here in the United States, it's going to be black people who really should get it first and many indigenous people, as well as people with underlying symptoms, and then elderly people."Continue...Read More
"This is an important snapshot of the brain-related complications of COVID-19 in hospitalised patients. It is critically important that we continue to collect this information to really Continue...Read More
My regular readers know why I believe the gold price is poised to move from its current level of around $1,760 per ounce to $2,000... $3,000... and beyond.Continue...Read More
"These patterns say gold can make a new all-time high in the (second half of 2020) with Q3 on our mind."Continue...Read More
Key data from the pricing sessions in Asia, Europe and the United States during the week ending Friday June 26. China The domestic market was propelled higher by continued tight availability, with increased spot demand from mill restocking ahead of the Dragon Boat Festival holiday on June 25-27.Export prices followed the domestic market up, despite major suppliers admitting...Read More
Striking workers have put all industrial action at Tata Steel IJmuiden on hold until Friday June 26 to negotiate with management, Dutch trade union FNV Metaal said this week. All industrial action at Tata Steel IJmuiden has been temporarily stopped until Friday 1 pm local time after the company invited unions to the negotiation table, FNV said on Wednesday. "Due to the pressure of the strikes, the...Read More
Here are five Fastmarkets stories you might have missed on Tuesday June 23 that are worth another look.A recent resurgence of Covid-19 infections in Beijing led to some jitters in China's steel sector in the initial stages of the outbreak, but market participants do not expect this second wave to leave much of an impact on the industry.The aluminium duty-paid market in Europe is set to come under...Read More
Sales of passenger cars in the EU will fall by 25% year on year in the full 2020 because of the Covid-19 pandemic, the European Automotive Manufacturers Association (ACEA) said on Tuesday June 23.The major economic crisis facing the auto industry will see car sales in the European Union tumble by more than 3 million units, with only 9.6 million units expected to be sold this year, compar...Read More
An overview of the minor metals markets and the reasons for their latest price moves.Read More