The biggest story out of China right now is the coronavirus that I addressed in yesterday's reckoning.But while it's important, the bigger story is the geopolitical dynamic between the U.S., China and Russia.Continue...Read More
John Rubino gives his opinion on the question of which way the economy will turn, inflation or deflation.John Rubino is the founder and manager of the popular financial website DollarCollapse.com. Mr. Rubino is the co-author, with GoldMoney's James Turk, of The Money Bubble and The Collapse of the Dollar and How to Profit from It. He spent the 1980's on Wall Street as a Eurodollar trader, equity a...Read More
There are a handful of stocks in which institutions and individual investors have recently piled into. This behavior is emblematic of all bull markets once they begin to hit the manic phase. Wall Street fallsContinue...Read More
The man hit the lottery in front of a live TV audience and literally fell onto the ground in shock as he heard the good news. Continue...Read More
The Fed is now extending its duration of its repo operations, which in December were supposed to conclude in January 2020, to "at least" April 2020.Continue...Read More
Sarah Carpenter, a grandmother and school choice activist who had traveled six hours from Memphis to attend the event, confronted Warren backstage in a filmed exchange that went viral:Carpenter: "I read that your children went to private schools."Warren: "No, my children went to public schools."The clip went viral because Warren wasn't telling the truth. Corey DeAngelis, the director of school cho...Read More
Jordan Roy-Byrne shares his updated targets and levels to watch for gold and gold stocks. With the shares still lagging, a correction in terms of price or time could be all that the sector needs. Jordan also discusses what he looks for in terms of juniors and the works that they need to be doing to attract investors.Jordan Roy-Byrne, CMT is a Chartered Market Technician and member of the Market Te...Read More
Sentiment is strengthening in the resource sector, but according to Mercenary Geologist Mickey Fulp that doesn't mean market participants should change their strategy. "No matter what kind of market you have, you still do the same things," he said at the recent Vancouver Resource Investment Conference. "You become more cautious in bear markets, but by the same token, the bear markets present the b...Read More
If Trump stays in office for two full terms, AOC's America may be a very difficult trap to escape.Continue...Read More
As the U.S. awaits comments from the Federal Reserve at its meeting Wednesday, Danielle DiMartino Booth gives you an insight on what to expect from the Fed in 2020.Danielle DiMartino Booth spent nine years as an advisor to Richard W. Fisher at the Federal Reserve Bank of Dallas. Danielle left the Fed in 2015 to found Money Strong, LLC, an economic consulting firm and launched a weekly economic new...Read More
"I would never consider diversity in matters of art. Only quality. It seems to me that to do otherwise would be wrong," the writer tweeted.Continue...Read More
Barely a week into global response to the outbreak, the number of confirmed cases has already passed the number of SARS cases reported during the entire monthslong ordeal.Continue...Read More
Freeport-McMoRan's shares are on the cusp of a bear market as the world's largest copper producer warned about plunging copper prices on concerns coronavirus has severely impacted China's economy, reported Reuters. Continue...Read More
Hollow steel sections prices in Europe were unchanged this week, despite increasing feedstock costs and quickly expiring import quotas, market sources told Fastmarkets on Wednesday January 29.Fastmarkets' weekly price assessment for steel sections (medium), domestic, delivered Northern Europe, was ?,?620-640 ($683-705) per tonne on Wednesday, unchanged week on week.Earlier in the month, mills and...Read More
I??igo P?(C)rez, vice president of Europe and Asia sales at Alcoa, will be leaving the aluminium producer after working there for 18 years, Fastmarkets understands. P?(C)rez, who handled aluminium product sales at Alcoa, will...Read More
Sentiment in the seaborne iron ore and Asian steel markets have deteriorated amid a rapid spread of the 2019-nCoV - or Wuhan novel coronavirus - in China, which appears to have intensified in the last week.Market participants are anticipating a delayed restart of construction and manufacturing activity after the country's Lunar New Year holiday, which has been extended until at least Sunday Februa...Read More
The United States' ferrous scrap export market has weakened on both the East and West Coast, with new sales occurring at lower prices to Turkey and South Korea.An East Coast exporter sold 30,000 tonnes of a 90:10 mix of No1 and No2 heavy melting scrap (HMS) at $275 per tonne on Wednesday January 29. Equalized to an 80:20 HMS basis, this cargo would be priced at $272 per tonne cfr.This sale was dow...Read More
The spot markets for tin were quiet in the United States and Europe in the week ended Tuesday January 28, and especially in Asia, because of the holiday for the lunar new year which began on January 25 and has been extended into February because of the outbreak of a coronavirus infection in China.London Metal Exchange tin price falls sharply on coronavirus concerns in Asia, where markets are close...Read More
Domestic prices for hot-rolled coil have increased across Europe, supported by good order books at European mills and a lack of competitive import offers, sources told Fastmarkets on Wednesday January 29.Northern EuropeFastmarkets' daily steel hot-rolled coil index, domestic, ex-works Northern Europe, was ?,?467.08 ($514.49) per tonne on Wednesday, up by ?,?0.52 per tonne day on day from ?,?466.56...Read More
A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday January 29.Please click...Read More