"To be honest with you, I just think these numbers right now are not relevant whether they're bigger or smaller in the short term," Mnuchin said Thursday.Continue...Read More
This is propaganda on a grand scale that I have never witnessed in my 50 years of experience! John Hopkins University has been promoting the collapse of democracy, justifying the suppression of all freedom and civil liberties. Continue...Read More
Today's retirees - the people who worked hard, played by the rules, and took advice from the experts - lose coming and going. All so governments could keep borrowing.Continue...Read More
Are gold and silver becoming what Mike Maloney has always suggested, Unaffordium and Unobtainium? The last few weeks have given us a preview of how stretched the physical gold and silver markets can become when the markets move, join Mike as he welcomes GoldSilver.com President Alex Daley for a special Retail Bullion Update. Michael Maloney is a precious metals investment expert and historian. He...Read More
Rick Rule, founder and chairman of Sprott Global Resource Investments Ltd., began his career in the securities business in 1974. He is a leading American retail broker specializing in mining, energy, water utilities, forest products and agriculture. His company has built a national reputation on taking advantage of global opportunities in the oil and gas, mining, alternative energy, agriculture, f...Read More
If you haven't noticed, the world is a complete mess. $5 trillion in stimulus is coming down the pike. The so-called experts have led us down the path of ruin. It's up to the individual to steer clear and survive. In the past 20 years, this is the third massive liquidity event. The fire sales are about to begin. Stock market losses shouldn't effect your burial plans. More saving and less spending...Read More
Hedge fund manager Paul Tudor Jones, founder of Tudor Investment and JUST Capital, tells CNBC's "Squawk Box" that he thinks the market could be higher as soon as three months from now despite what he sees as a turbulent month ahead.Continue...Read More
Below is our list of twelve medical experts whose opinions on the Coronavirus outbreak contradict the official narratives of the MSM, and the memes so prevalent on social media.Continue...Read More
Bailing out individuals based on their needs is not the same as bailing out corporations based on our need for them.Continue...Read More
Gold may become the only safe haven this time around. To be honest. Gold may rise a lot in this crisis, of which we Continue...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
The Turkish markets for steel billet have crashed over the past week, following the sharp decline in imported scrap prices amid the spread of the Covid-19 pandemic, sources said on Thursday March 26.Fastmarkets' weekly price assessment for steel billet import, cfr main port Turkey, was $357-360 per tonne on Thursday, down from the $390-400 per tonne of last week.After the imported scrap prices cra...Read More
Since Federal Reserve resources were barely able to prevent complete collapse in 2008, it should be expected that an even larger collapse will overwhelm the Fed's balance sheet.Continue...Read More
The ferro-tungsten market in Europe fell by 9.9% to a two-month low in the first half of this week, with the spread of the Covid-19 pandemic continuing to reduce demand for tungsten products.Fastmarkets' assessment of the price for ferro-tungsten, basis 75% W, in-whs dup Rotterdam, dropped to $31.50-32.50 per kg on Wednesday March 25, down from the previous week's assessment at $35-36 per kg. The...Read More
ArcelorMittal Nippon Steel India (AMNS India) is the latest steelmaker in the country to confirm it is reducing production rates due to the Covid-19 coronavirus lockdown in the country."AMNS operations are running at very low capacity, with minimum staff inside its facilities," a company spokesperson told Fastmarkets on Thursday March 26 without revealing details on which units had been&...Read More
Member mills of the China Iron & Steel Association (Cisa) increased their steel and hot-metal output rates from the preceding nine days in mid-March but mills' inventory of finished steel dropped sharply, according to data released late on Wednesday March 25.March 11-20 outputCrude steel: 1.84 million tonnes per day, up by 1.55%Finished steel: 1.76 million tpd, up by...Read More
Turkish carmakers Oyak Renault, Toyota Motor Manufacturing, Mercedes-Benz T? 1/4 rk and Ford Otosan have all announced production stops this month because of concerns about the spread of novel coronavirus (2019-nCoV)."We [will] gradually and temporarily suspend most of our operations as of March 26, 2020, in Oyak Renault automotive factories. [A] production resumption date will be shared again acc...Read More
Here are five Fastmarkets stories you might have missed on Thursday March 26 that are worth another look.China's electric-arc furnace mills have gradually raised production rates in the past three weeks following stronger demand for steel products.A major aluminium producer has concluded multiple deals with Japanese consumers for April-June delivery to main Japanese ports (MJP) at a premium on a c...Read More
The Chinese domestic portside manganese ore market has fallen into stasis this week with many ore traders refraining from making offers following the news that all miners in South Africa were required to shut down operations from Thursday March 26.The shutdown order was part of the country's efforts to limit the spread of the Covid-19 pandemic in the region.South Africa will enter a 21-day nationw...Read More
The market for pig iron exports from the Commonwealth of Independent States (CIS) was much reduced in the week to Thursday March 26, sources told Fastmarkets, despite a resumption of sales to China."Industrial activity has rebounded rapidly there and pig iron demand has been boosted," one exporter from the CIS said. "The price [in dollars] has reduced, but the devaluation of the Russian rouble has...Read More