According to Fed official Mary Daly, inflation will not be reaching 2% this year. Who are we to fight the Fed? However, just in case the monetary central planning agency is wrong, today we feature a high yielding dividend payer that could do relatively well in an inflationary environment. Speaking of not fighting the Fed, for the second day in a row we hear from a Real Vision guest imploring us t...Read More
In this week's Insight free newsletter, we update what insiders are telling us about whether the March 23rd lows will hold. Our insider of the week is a high-profile Canadian who has been buying a D-economy stocks. Click here to read. Read More
China's domestic rebar prices continued to strengthen on Friday May 8 on steady demand and rising futures. Domestic Eastern China (Shanghai): 3,500-3,540 yuan ($494-499) per tonne, up by 50 yuan per tonneNorthern China (Beijing) - weekly assessment: 3,450-3,500 yuan per tonne, up by 60 yuan per tonne Contractors maintained their active procurement rates to meet their daily use, sources said....Read More
China's ferrous scrap prices moved up sharply over the past week due to tight supply, eating into the profits of mills that operate electric-arc furnaces.Fastmarkets' price assessment for steel scrap heavy scrap domestic, delivered mill China was 2,480-2,560 yuan ($350-361) per tonne including value-added tax on Friday May 8, up by 70-150 yuan per tonne from 2,330-2,490 yuan last Thursday. Sources...Read More
Concerns about Brazilian iron ore supply resurfaced among market participants this past week due to expectations that exports of the product would be impeded by Covid-19-related lockdowns in the South American country and the rising number of infections.Sao Luis was the first major Brazilian city to enter lockdown this week. It is located in the country's northeastern state of...Read More
The market for pig iron exports from the Commonwealth of Independent States went up again during the week to Thursday May 7 on sales to the United States.Fastmarkets' weekly price assessment for high-manganese pig iron, export, fob main port Black Sea, CIS was $287-292 per tonne on May 7, up from $280-289 per tonne last week.Sales of both Ukraine- and Russia-origin pig iron were done during t...Read More
The seaborne iron ore market witnessed large price increases on Friday May 8 amid high prices in swap contracts and a general upturn seen on commodities such as rebar and copper. Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $88.60 per tonne, up $4.25 per tonne 62% Fe low-alumina fines, cfr Qingdao: $90.92 per tonne, up $4.68 per tonne 58% Fe fines high-grade premium, cfr Qingd...Read More
Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort275,57125,56740,010120,045401,681435,626467,258Change from Prior Reporting Period -11,811914-4,4385,143-6,850-11,106-10,374Traders20350785858292158 Small Speculators (C) GoldSeek.com LongShortOpen Interest 54,71723,085490,343 633-99-10,473 non reportable positionsChange from t...Read More
By Alasdair MacleodAn unexpected destruction of fiat currency has been advanced by the monetary and fiscal response to the coronavirus. Financial markets have yet to discount the possibility of such an outcome, but in the coming months they are likely to awaken to this danger.The question arises as to what will replace fiat currencies. In the past the answer has always been gold but today there...Read More
By Mike GleasonPrecious metals markets appear to be gearing up for another leg higher. On Thursday, the metals complex rose sharply across the board. Gold gained about 2.5% while silver packed on nearly 4%. Both of the monetary metals showed signs of breaking out of the sideways trading ranges they've been stuck in over the past four weeks. Silver closed solidly above its 50-day moving average f...Read More
With the stock markets near a critical juncture during the most-extreme economic dislocations of our lifetimes, big US stocks' fundamentals have never been more important. After plummeting in a brutal stock panic on the catastrophic economic damage caused by governments' draconian lockdowns to fight COVID-19, stocks have skyrocketed in a monster rally. Are these gains righteous or doomed to...Read More
China's domestic rebar prices continued to strengthen on Friday May 8 on steady demand and rising futures. Domestic Eastern China (Shanghai): 3,500-3,540 yuan ($494-499) per tonne, up by 50 yuan per tonneNorthern China (Beijing) - weekly assessment: 3,450-3,500 yuan per tonne, up by 60 yuan per tonne Contractors maintained their active procurement rates to meet their daily use, sources said....Read More
By: Gary SavageThe markets discount results ahead of time. S&P technical set-up. Gold has a pattern in play seen before since the start of this latest bull market...https://blog.smartmoneytrackerpremium.com/Read More
By: Ira EpsteinBig breakout day for gold and silver! Expecting 16% unemployment rate for tomorrow, but that will be the big price driver. It will be released on Friday at 8:30 Eastern time:Read More
Trade war, US unemployment, and even rise in US stock market are the reason for gold price to rise. Profit in stock trading is invested in gold. Lack of stock market margin pressure has resulted in more long positions in gold, silver, crude oil and copper. Liquidity is abundant. There is free money and lack of investment avenues. Businesses with cash are just using to trade and invest in stocks...Read More
Eric Sprott has more than 40 years of experience in the investment industry. In 1981, he founded Sprott Securities (now called Cormark Securities Inc.), which today is one of Canada's largest independently owned securities firms. In 2001, Eric established Sprott Asset Management Inc. Over the years, Eric has personally been the recipient of numerous awards and honors, including one of Investor Dig...Read More
In January of 2010, Bill and Melinda Gates announced a $10 billion pledge to usher in a decade of vaccines. But far from an unalloyed good, the truth is that this attempt to reorient the global health economy was part of a much bigger agenda. An agenda that would ultimately lead to greater profits for big pharma companies, greater control for the Gates Foundation over the field of global health, a...Read More
Harley Schlanger's work can be found at LaRouchePAC.com.Read More
Time Stamp References:0:50 - Market outlook and GDX.J5:00 - Evaluating juniors upside7:00 - Discount miner valuations.10:30 - When to get out.15:00 - Risks from a continued market decline.Collin welcomes Jordan Roy-Byrne back to the program. Jordan is a regular contributor to Palisade Radio and is the editor and publisher of TheDailyGold.com.Jordan expects a significant move higher in the GDX.J as...Read More