Sound money advocates have been proclaiming that "the Fed can't print gold" pretty much since the end of the last gold standard. But no one outside that little echo chamber paid attention, fixating Continue...Read More
Like addicts who cannot control their cravings, financial analysts cannot stop themselves from seeking some analog situation in the past which will clarify the swirling chaos in their crystal balls. Continue...Read More
Wolf Richter is the founder of Wolf Street Corp and the publisher of WolfStreet.com. Wolf has over twenty years of C-level operations experience, including turnarounds and a VC-funded startup. He has a BA, MA, and MBA (UT at Austin). In his prior life, he worked in Texas and Oklahoma, including a decade as General Manager and COO of a large Ford dealership and its subsidiaries. Read More
"There is no free market. There is nothing anymore. Everything has been taken over."Gregory Mannarino started his career working for the securities and trading arm of the now defunct Bear Stearns before the dot-com bubble. After realizing that working on Wall Street was not like the movies, he moved on to get a medical degree and practiced medicine as a Physician Assistant. He also served in the U...Read More
Which leaves the oil price as a rare indicator of what's real. Unemployment claims are real too. They've jumped 26mm in the two months since stocks hit all-time highs.Continue...Read More
A US default would be economic suicide, collapse the US dollar, collapse the stock market and throw the entire global currency system into chaos.Continue...Read More
The Fed is back to its same ole bait and switch routine.Yesterday, the Federal Reserve issued a press release, which, on Continue...Read More
Based on mainstream news coverage alone, for instance, you'd likely never know that organizers and tenants in New York are preparing the largest coordinated rent strike inContinue...Read More
The pressure on the LBMA and the COMEX has not let up, and with premiums for physical silver remaining elevated, you start to wonder if at some point there will be pressure on the COMEX physical delivery mechanism.Fortunately, in this week's Gold and Silver Market Update with Dave Kranzler of Investment Research Dynamics, we discussed the latest developments on the exchanges, whether there will be...Read More
Tavi Costa of Crescat Capital joins Tom to discuss the debt distortion in the markets. Tavi doesn't expect a V-shaped recovery, and he says, "They have never been this bullish on gold and silver." He feels that China and Hong Kong are in massive credit bubbles that will burst. We are currently in a liquidity trap as the world has lost 50 trillion in market cap from February to the bottom in March....Read More
Here are five Fastmarkets stories you might have missed on Friday April 24 that are worth another look.Anemic demand stemming from the Covid-19 pandemic resulted in another round of import price decreases for flat-rolled steel in South America, with the majority of customers reported as skipping orders for June shipments, market sources said.When the oil price fell into negative price territory at...Read More
Here are five Fastmarkets stories you might have missed on Friday April 24 that are worth another look.Anemic demand stemming from the Covid-19 pandemic resulted in another round of import price decreases for flat-rolled steel in South America, with the majority of customers reported as skipping orders for June shipments, market sources said.When the oil price fell into negative price territory at...Read More
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Can you believe what’s happening? While Central Banks print trillions of new dollars, oil prices recently turned negative. It could be a Goldilocks environment for strong, well-capitalised miners like Barrick Gold (TSX:ABX).Even a modest rise in gold prices can have a tremendous impact on its bottom line — and oil is one of Barrick’s biggest expenses.Its profits could potentially...Read More
One of the few assets to have performed robustly during the coronavirus crisis is gold. The yellow metal has soared by 14% since the start of 2020 to be trading at over US$1,729 per ounce. There are signs that as the coronavirus fallout mounts, gold will rally higher. Some analysts are projecting that the precious metal could reach US$3,000 an ounce, as government stimulus weighs on fiat currencie...Read More
The Solwezi licences are located roughly 15 km from First Quantum Minerals' Kansanshi copper mine (pictured). Image: First Quantum Minerals. Rio Tinto (NYSE: RIO) has entered into an earn-in and joint venture agreement with Vancouver-based junior Midnight Sun Mining (TSXV: MMA), under which the Anglo-Australian miner can earn up to a 75% interest in the latter's Solwezi licenses.The Solwezi licen...Read More
The coronavirus market crash has not been as bad for some TSX stocks as it was on the broader markets. This top TSX stock has surged from close to $33 levels to its all-time high of $56, and that’s a staggering 70% surge in just about five weeks.Notably, the TSX Composite Index managed to gain just 5% in the same period. The top Canadian giant that outperformed broader markets by such a wide...Read More
After the Fukushima disaster, uranium was hammered below $20 per pound. It has been a long and brutal bear market. However, the tide might finally be turning. It recently hit a new four-year high. And Uranium Participation (TSX:U) offers a relatively safe way to profit from this opportunity.What makes uranium unique?As you probably know, uranium is used to fuel nuclear power plants.Utili...Read More
Plant site at Juanicipio. Image from MAG Silver. MAG Silver (TSX: MAG) announced on Monday it has arranged a non-brokered private placement with mining investor Eric Sprott, offering approximately 4.53 million common shares of the company at a price of C$13.25 ($9) per share for gross proceeds of C$60 million ($42m).Shares of MAG skyrocketed more than 17% during Monday's morning session to a six-...Read More