Forget about Fox News and MSNBC. The really interesting stuff is happening outside the echo chambers, as progressive journalists declare war on the corporatist wing of the Democrat party.Continue...Read More
In part one of the latest Conversations With Casey, Doug explains why the virus is just a "manufactured scam"... and how the Deep State will use it to avoid any responsibility for the coming collapse...Continue...Read More
"There is no exact road map in striking the careful balance between medical and economic health," Kerner wrote. "We as a Board recognize and appreciate that the suppression of the spread of COVID-19 in Continue...Read More
Brazilian steelmaker Companhia Sider??rgica Nacional (CSN) will try to apply price increases to flat steel products next month, to compensate for the recent loss of value of the local currency."With the current value of the dollar [versus the Brazilian Real], a price increase is unavoidable; it is a matter of survival," commercial director Luis Martinez said during the company's first-quarter earn...Read More
A summary of production figures and financial results from Brazilian steelmaker Companhia Sider??rgica Nacional (CSN) for the first quarter of 2020, as stated in its earnings report published on Thursday May 14.In brief CSN's hot-rolled coil, cold-rolled coil and galvanized domestic steel sales fell year on year in the first quarter of 2020, but tinplate and long steel sales were up in the sa...Read More
China's crude steel output was largely flat in April, but finished steel production significantly increased to exceed 100 million tonnes, according to data released by the country's National Bureau of Statistics (NBS) on Friday May 15.Steel outputAprilCrude steel: 85.03 million tonnes, up by 0.2% from a year earlier and up by 7.7% month on monthHot metal: 72.02 million tonnes, down 1.2%...Read More
Here are five Fastmarkets stories you might have missed on Friday May 15 that are worth another look.A diversified portfolio may well prove to be a winning ticket for metals and mining companies during the Covid-19 pandemic, according to the former chief executive officer of Rio Tinto.The stainless sector in the United States and Europe, Middle East and Africa (EMEA) region will consume 13% less n...Read More
By: Ira EpsteinGold above the monthly Bollinger band, it only stays above this band only 5% of the time. The weekly gold chart, this is the best gold price close we have had in years! Up $42 1/2 for the week..Read More
Powell gave a much-awaited speech yesterday, in which he sent one bearish and two bullish messages for gold. What exactly did he say and what does it mean for the yellow metal?Powell Sends One Bearish and Two Bullish Messages for GoldJerome Powell gave a speech yesterday at the Peterson Institute for International Economics. The Fed Chair acknowledged the unprecedented depth of the coronavirus cri...Read More
Here are five Fastmarkets stories you might have missed on Friday May 15 that are worth another look.A diversified portfolio may well prove to be a winning ticket for metals and mining companies during the Covid-19 pandemic, according to the former chief executive officer of Rio Tinto.The stainless sector in the United States and Europe, Middle East and Africa (EMEA) region will consume 13% less n...Read More
Chris MarcheseChief Mining Analyst, GoldSeek & SilverSeekWeek Ended May-17, 2020$KOR.TO, $CORVF, $EDV.TO, $EDVMF, $SMF.TO, $SEMFF, $EQX, $FSM, $AG, $FNV, $SOLG.TO, $SLGGF, $GORO, $GCM.TO, $JAG.TO, $JAGGF, $TPRFF, $GBR.V, $GTBAF, $KNT.V, $KNTNF, $OR, $PGM.V, $LRTNF, $ROXG.TO, $ROGFF, $SAND, $SSRM, $TGZ.TO, $TGCDF, $TXG.TO, $SVM $USAS, $AGI, $GPL, $PAAS, $CDE, $NEM, $VITFF, $VGCX.TOMexico has d...Read More
By: Ira EpsteinGold above the monthly Bollinger band, it only stays above this band only 5% of the time. The weekly gold chart, this is the best gold price close we have had in years! Up $42 1/2 for the week..Read More
Week 1 HighlightsAnd Then We Look at PoliticsThen It Was WednesdayWar of the ExpertsPuerto Rico and the WorldI knew this letter's topic months ago. It was going to be a review of the Strategic Investment Conference, which would have just concluded fabulously in sunny Scottsdale.Well, something intervened. Coronavirus precautions kept us from having an in-person conference. No one was more disapp...Read More
The Covid-19 pandemic is likely to lead to another casualty: the mega mine. The volatility created by crises like Covid-19 is adding a layer of uncertainty to the development of large-scale projects that take a decade or more to progress and are highly capital intensive, according to Tom Albanese, the former chief executive officer of Rio Tinto.This means that mining projects are likely to be deve...Read More
Alcoa Corp has called on the aluminium industry to assess the cost effectiveness of its smelting capacity and make cuts where appropriate - or face a ratcheting up of inventories and a protracted period of low prices. Roy Harvey, the US producer's chief executive officer, said that while curtailments were costly, both financially and in terms of job losses, they were more than necessary at this mo...Read More
While technical indicators only provide CLUES as to the future direction of a stock, bond, or commodity, it's nice to see that silver finally broke the...by Steve St Angelo of SRSrocco ReportNot only is silver having a good day today [FRIDAY, MAY 15TH], but it also broke through a KEY long-term technical level. While many precious metals investors do not follow or believe in technical analysis,...Read More
Gold preserves wealth, but silver can make you rich...by David Morgan of The Morgan ReportSilver is undervalued when you look at the gold-to-silver ratio, which now stands at a staggering 1:106. Silver is riding on the coattails of the gold rally. With a growing universe of negative interest rates, central banks debasing paper currencies, central banks accumulating gold, slowing global growth and...Read More
RAPAPORT... The decline in US retail sales intensified in April as COVID-19 forced stores to shut, according to data the National Retail Federation (NRF) reported.Revenues plunged 22% year on year, and fell 16% compared to March, which had already posted a record-setting 8% month-on-month drop. The NRF based these numbers on official data from the US Census Bureau. April's figures could be im...Read More
RAPAPORT... The trading floor at the Israel Diamond Exchange (IDE) will resume "regular activities" next week, bourse president Yoram Dvash announced in a Facebook post Sunday.From May 24, the hall will function under a new format to ensure it is safe and compliant with government rules, Dvash said, without providing details. The bourse's management approved the move unanimously.The trading f...Read More
RAPAPORT... An Antwerp court has prohibited the World Federation of Diamond Bourses (WFDB) from publicly blacklisting former president Ernie Blom over a payment dispute in Dubai.Blom had sought an injunction to prevent the organization from complying with requests from the Dubai Diamond Exchange (DDE) after the bourse ruled against him last December.The judge sided with Blom on May 12 after h...Read More