Recent News

Egon von Greyerz - Gold Will Continue to Reflect The Destruction of Paper Money

January 24, 2020 / marketsanity.com

Egon sees the 2008 Global Financial Crisis as only a 'rehearsal' and that the real economic crisis is not far away. He also expects the gold silver ratio to go down to 30 as a result of silver prices rising three times faster than gold in the coming years.Discussed in this interview:04:54 Gold is the best form of insurance11:27 Swiss attitude towards gold14:55 Switzerland refining LBMA gold bars i...Read More

Chinese government is clearly not telling the full story about the coronavirus outbreak

January 24, 2020 / marketsanity.com

"At present, there is an obvious increase in the number of patients with fever in the city, and it is true that there are long queues and a shortage of beds in fever clinics."Continue...Read More

Karl Denninger: Your health records will soon be used against you!

January 24, 2020 / marketsanity.com

Every single health record is going to wind up in these systems. All of them. And they will be used against you. There is nothing in the law to prevent that.Continue...Read More

Jim Grant & Ronald Stoeferle discuss gold, gold miners, deflation and the U.S. dollar

January 24, 2020 / marketsanity.com

Ronald Stoeferle, managing partner at Incrementum AG, calls in to discuss pressing monetary matters and to review the investment merits of the Money of Kings.4:22 Institutional distrust means opportunity11:34 Deflation and the U.S. dollar18:14 The miners: a dismal past but a better future?25:09 Gold and crypto, monetary cousinsJames "Jim" Grant is an American writer and publisher and the founder o...Read More

Rick Rule: Get in Precious Metals for Easy Money, Uranium if You're Patient

January 24, 2020 / marketsanity.com

The easiest money will continue to be made in precious metals, says Rick Rule of Sprott. But patient speculators may want to consider uranium. 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 com...Read More

Jordan Roy-Byrne: Look to Bond Yields & US Dollar for Gold's Next Moves

January 24, 2020 / marketsanity.com

Jordan Roy-Byrne steps away from the gold charts and looks to the bond market and USD as barometers for the precious metals. With yields looking like they have topped a couple weeks ago the direction which is now falling yields is very important. As for the dollar the question remains, is this year when we see the dollar breakdown?Jordan Roy-Byrne, CMT is a Chartered Market Technician and member o...Read More

Jeff Berwick fires back at Peter Schiff after Peter claims he 'lost all his Bitcoin'

January 24, 2020 / marketsanity.com

This week in Boomer tweets: - Peter Schill can't remember password, loses Bitcoin.Jeff Berwick is the founder of The Dollar Vigilante, CEO of TDV Media & Services and host of the popular video podcast, Anarchast. Jeff is known to be an anarcho-capitalist activist and has written extensively about the impending collapse of the US dollar-based financial system.Read More

Trump administration unveils new rules to curb 'birth tourism'

January 24, 2020 / marketsanity.com

"It will defend American taxpayers from having their hard-earned dollars siphoned away to finance the direct and downstream costs associated with birth tourism."Continue...Read More

Former Wells Fargo Execs Hit With $59MM In Fines Over Fake Account Scandal; Stumpf Barred For Life

January 24, 2020 / marketsanity.com

"The actions announced by the OCC today reinforce the agency's expectations that management and employees of national banks and federal savings associations provide fair access to financial services, treat customers fairly, and Continue...Read More

Report: US water contamination far worse than we thought

January 24, 2020 / marketsanity.com

Toxic chemicals linked in some cases to cancer, liver damage, low birth weight and other health problems are present in US tap water in levels far higher than was previously believed, according to a new report. Read More

Mickey Fulp discusses gold, miners, base metals, palladium

January 24, 2020 / marketsanity.com

It is unlikely that President Donald Trump would be defeated at the November 2020 presidential election, said Mickey Fulp of the Mercenary Geologist, but should that happen, copper and other base metals would take a hit."If Trump is defeated, I think that would be negative for the base metals because a president that will come in on the Democratic side is not going to lean on China the way that ma...Read More

Warren Buffett could easily take out all the gold on the COMEX - Jeff Clark

January 24, 2020 / marketsanity.com

The gold and silver markets are small enough that any significant inflow of capital could push prices higher, this according to Jeff Clark, senior precious metals analyst of GoldSilver.com."The gold market is so small that Warren Buffett could take less than 5% of his cash and buy every registered ounce of gold on the COMEX," Clark told Kitco News on the sidelines of the Vancouver Resource Investm...Read More

DAILY SCRAP REPORT: Prices fall again with latest UK deal

January 24, 2020 / www.metalbulletin.com

Turkish deep-sea scrap import prices went down once again on the news of a fresh deal for a UK-origin cargo heard on Thursday January 23.The cargo was booked late on January 22 by a steel mill in the Iskenderun region at $277 per tonne cfr for 22,000 tonnes of HMS 1&2 (80:20).This transaction compared with the most recent cargo sold at $295 per tonne cfr for HMS 1&2 (95:5) from the United States o...Read More

SPECIAL REPORT: LOOK AHEAD - Steel market outlook for 2020

January 24, 2020 / www.metalbulletin.com

With the calendar having shifted to 2020, opportunities and threats abound for steel and steelmaking raw materials markets across the world.In this special report, we take you around the globe to provide you with a...Read More

IRON ORE DAILY: Prices drop ahead ofChinese New Year amid growing concerns over coronavirus

January 24, 2020 / www.metalbulletin.com

Seaborne iron ore prices dropped significantly on Thursday January 23 in the lull ahead of the week-long Chinese New Year holiday, amid rising concerns over the potential impact of the coronavirus outbreak in Wuhan.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $93.44 per tonne, down $3.24 per tonne.62% Fe Pilbara Blend fines, cfr Qingdao: $92.48 per tonne, down $3.24 per tonne.6...Read More

TURKEY STEEL BILLET: Prices down on falling scrap costs

January 24, 2020 / www.metalbulletin.com

The price of billet in Turkish markets has gone down over the past week on decreasing imported scrap values, sources said on Thursday January 23.The billet offers from the Commonwealth of Independent States (CIS) slipped to as low as $410 per tonne cfr levels, downfrom last week's minimum levels of $415 per tonne. Only one firm bid was heard at $408 per tonne cfr, according to sources.Fastmarkets'...Read More

EGYPT STEEL BILLET, REBAR: Import billet prices decrease, demand weak

January 24, 2020 / www.metalbulletin.com

Prices for steel billet imported into Egypt decreased again in the week to Thursday January 23 amid weak demand, sources told Fastmarkets.Egyptian rebar producers were offering rebar at E ?9,650-10,000 ($610-632) per tonne ex-works including 14% VAT, down from last week's E ?9,650-10,120 per tonne ex-works. ...Read More

Southeast Asia billet import prices flat amid bearish scrap sentiment, pre-CNY lull

January 24, 2020 / www.metalbulletin.com

Prices in Southeast Asia's steel billet market were stable on Thursday January 23 amid a bearish outlook for the ferrous scrap market and the absence of market participants in China ahead of the Lunar New Year holiday. Fastmarkets' daily price assessment for steel billet, import, cfr Southeast Asia, which mainly looks at 120-150mm 5sp grade billet sold into Manila, was $442-443 per tonne on Januar...Read More

Samancor to cut annual chrome ore production by 29%, alloy by 20%

January 24, 2020 / www.metalbulletin.com

Samancor Chrome plans to reduce annual chrome ore and ferro-chrome production by 29% and 20% respectively due to poor market conditions, it said on Thursday January 23. South Africa's largest ferro-chrome producer provided the update days after confirming proposals to restructure and retrench staff at its mining and smelting operations. It had also warned in December that production cuts were...Read More

IRON ORE DAILY: Prices drop ahead ofChinese New Year amid growing concerns over coronavirus

January 24, 2020 / www.metalbulletin.com

Seaborne iron ore prices dropped significantly on Thursday January 23 in the lull ahead of the week-long Chinese New Year holiday, amid rising concerns over the potential impact of the coronavirus outbreak in Wuhan.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $93.44 per tonne, down $3.24 per tonne.62% Fe Pilbara Blend fines, cfr Qingdao: $92.48 per tonne, down $3.24 per tonne.6...Read More

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