Charles Hugh Smith calls the Federal Reserve an evil organization. Their meddling in the economy results in the concentration of wealth to those at the top of the wealth pyramid and is fueling asset bubbles, creating widening wealth inequality.Discussed in this interview:01:53 Where has the trillions printed gone?05:12 Gap between Fed's theory vs reality08:29 Fed-created cartels16:19 The Fed is ev...Read More
Here for his first appearance with us in 2020, David Morgan, known as The Silver Guru, and founder of TheMorganReport.com, returns to Finance and Liberty / Reluctant Preppers to give us his outlook on where silver, gold, and mining stocks are likely headed. Morgan also shares a healthy dose of his studied philosophical perspectives on the economy, major trends, and impactful pitfalls of our time....Read More
They cut his mic off at the end..."We love Europe, we just hate the European Union."The European Union "gives people power without accountability.""You may loathe populism, but I'll tell you a funny thing, it's becoming very popular."Nigel Farage is a UKIP Member of Parliament for the South East of England. Elected in 1999, he has used his experience of the EU to increase awareness of its activiti...Read More
"In the last few days the progress of the virus, especially in some countries, especially human-to-human transmission, worries us," the WHO Director-General said on Wednesday.Continue...Read More
Katherine Anne Castor who is the Democrat from the 14th district in Florida who is an attorney who apparently became a politician because she has difficulty with understanding the Continue...Read More
The Investing News Network sat down with Frank Holmes of US Global Investors at this year's Vancouver Resource Investment Conference to talk about gold, platinum and palladium, and what's next for precious metals. Frank Holmes is the CEO and chief investment officer of U.S. Global Investors, Inc., a boutique investment advisory firm based in San Antonio that manages domestic and offshore funds sp...Read More
"Over the past few weeks we have witnessed the emergence of a previously unknown pathogen that has [resulted in] an unprecedented outbreak." "We must act together now to limit the spread." Continue...Read More
The Centers for Disease Control and Prevention and Illinois public health officials said Thursday the first person-to-person transmission of the coronavirus in the United States has been confirmed. Continue...Read More
Gold prices have been consolidating for a few months already, and the next breakout could take prices to 2011 highs of $1,923, this according to Peter Reznicek, head trader at shadowtrader.net."For me, the target just has to be the prior all-time high in 2011. I'm just looking at the $1,923 level, that would be fine, and then reassess the situation from there," Reznicek told Kitco News.Read More
While investment demand rose to record levels last year, physical demand sharply declined to a nearly 10-year lowContinue...Read More
The China Council for the Promotion of International Trade is offering "force majeure certificates" to businesses in China affected by the outbreak of the Wuhan novel coronavirus."Businesses that have failed to perform on contracts on time, or fails to fulfil any international trade contract can apply to the council for a certificate," it said on its website.The move is to safeguard the rights and...Read More
Heavy rainfall in the Brazilian southeastern state of Minas Gerais has caused interruptions for some railway operators transporting iron ore for exports, but the impact has been minimal, companies told Fastmarkets on Wednesday January 29.January 2020 has had the highest rainfall rate in 110 years, the Minas Gerais' state governor office said on Wednesday. Vale, the world's largest iron ore pr...Read More
The Wuhan coronavirus will likely influence fundamentals in China's steel market and Chinese export trends in the near future, sources told Fastmarkets this week.Industry sources have sketched out a number of scenarios that may happen, especially if the situation becomes drawn out and restrictions on travel and transportation persist into the foreseeable future."If logistical restrictions continue...Read More
The China Council for the Promotion of International Trade is offering "force majeure certificates" to businesses in China affected by the outbreak of the Wuhan novel coronavirus."Businesses that have failed to perform on contracts on time, or fails to fulfil any international trade contract can apply to the council for a certificate," it said on its website.The move is to safeguard the rights and...Read More
The three-month zinc price on the London Metal Exchange closed at its lowest level in more than three years at the close of trading on Thursday January 30, settling below the nearby $2,200 per tonne support level, while the price of copper futures continued to decline over the afternoon.Zinc's outright price closed at its lowest level since July 2016 on Thursday afternoon, falling to a closing pri...Read More
Domestic prices for hot-rolled coil have been fairly stable in the north of Europe, but the mood is positive, supported by good order books at the steel mills and a lack of competitive import offers, sources told Fastmarkets on Thursday January 30.Fastmarkets' daily steel hot-rolled coil index, domestic, ex-works Northern Europe, was ?,?467.57 ($514.66) per tonne on Thursday January 30, up by ?,?0...Read More
The chief financial officer of copper producer Antofagasta, Alfredo Atucha, will retire on March 31, with Mauricio Ortiz appointed to replace him, the company said on Thursday January 30.Ortiz is currently the vice president of finance for the group's mining division and has been working for Antofagasta since 2015. Atucha first joined the miner in 2013."I want to thank Alfredo for his...Read More
The miner Russian Ferro Alloys (RFA) has started production of charge chrome at a time when supply from the incumbent producers has been cut in the face of low prices and an escalation of costs."The current production rate [of charge chrome] is set at 250,000 tonnes [per year] and can be adjusted based on market demand and on the ideal production mix," a spokesman told Fastmarkets on January 30. R...Read More
Here are five Fastmarkets MB stories you might have missed on Thursday January 30 that are worth another look.The Wuhan coronavirus will likely influence fundamentals in China's steel market and Chinese export trends in the near future, sources told Fastmarkets this week.Zinc's weak fundamentals are finally catching up with prices, after being softened by a selloff sparked by concerns about the co...Read More
Trade disputes and geopolitical uncertainties had already made the prospects for global economic growth uncertain. A coronavirus has now added to the challenges facing financial markets.The epicenter of the virus is Wuhan, an important commercial hub in China that is home to 11.9 million people, including the country's largest student population. It is also a manufacturing hub, with around 500 fac...Read More