Bangladeshi steel mills are expected to return to the deep-sea market for steel scrap in bulk and containers in the coming weeks, market sources told Fastmarkets on Thursday May 28.Purchasing activity in Bangladesh has been extremely slow over the past three weeks, with demand decimated by the Ramadan period and the country's continuing Covid-19 lockdown.But signs of life are returning after Eid-a...Read More
By: Ira EpsteinFirst week of June a big week in US, many places re-opening. Lay-offs a big threat still and as the largest employers, and oh boy, there are going to be problems.Gold is acting very good..Read More
It's no surprise to most investors that the Fed is propping up the stock market. However, if we compare the Dow Jones Index versus the continued unemployment claims, something seriously wrong is going on. According to the St. Louis Federal Reserve, continued unemployment claims are nearly four times higher than the peak reached in June 2009. When the continued unemployment claims reached a...Read More
Turkish deep-sea scrap import prices increased slightly on news of fresh cargo deals heard on Thursday May 28.A steel mill in the Izmir region booked a European cargo, comprising 20,000 tonnes of HMS 1&2 (80:20) at $246 per tonne, 5,000 tonnes of shredded at $251 per tonne and 5,000 tonnes of bonus at $256 per tonne cfr.Another steel mill in the same region...Read More
Harry Dent is a Fortune 100 consultant, new venture investor, noted speaker, bestselling author, and the founder and senior editor at Dent Research, where he dedicates himself to identifying and studying demographic, technological, and geopolitical trends. He has a free daily newsletter at www.harrydent.com called "Survive and Prosper." Mr. Dent accurately predicted Japan's collapse in 1989, the d...Read More
SBTV speaks with Michael Pento, Founder of Pento Portfolio Strategies, about the worsening state of the global economy. With 30 million people made jobless within weeks, Michael has no doubt that the economic depression is here.Discussed in this interview:02:27 Unemployment rose faster than during the Great Depression09:55 Balance sheets of the world is being destroyed13:26 Why a bigger monetary b...Read More
http://financialrepressionauthority.c...Charles Hugh Smith writes the Of Two Minds blog which covers an eclectic range of timely topics: finance, housing, Asia, energy, long-term trends, social issues, health/diet/fitness and sustainability. From its humble beginnings in May 2005, Of Two Minds now attracts some 200,000 visits a month. Charles also contributes to AOL's Daily Finance site and has wr...Read More
After nearly two months of trading range-bound, gold is currently under a consolidation period, said Todd Horwitz, chief strategist of BubbaTrading.com."You've got the ultimate confusion in the market. There's people trying to understand, is gold going to turn into a real currency because of what the Fed is doing," Horwitz told Kitco News. "At the end it comes down to price and the price says that...Read More
The banks no longer have reserve requirements! ??'? WHAT DOES THIS MEAN FOR YOU? ??'^ The Federal Reserve came out with the bombshell announcement and Mike Maloney did an excellent video outlining the insanity of the whole thing. One of the biggest areas of confusion for the average person, is how bank reserves actually work. So in this video I wanted to expand on what Mike outlined, so I guess yo...Read More
Max talks to Michael Krieger of LibertyBlitzkrieg.com about the tide going out on our collective delusions about money printing and who exactly gets 'rescued' with the Fed's never-ending bailouts.Michael Krieger is the creator and editor of Liberty Blitzkrieg. Michael attended college at Duke University where he earned a double major in Economics and Spanish. After completing his studies in 2000...Read More
For Part 1 of this interview, CLICK HEREFor the past few weeks I have been reporting that two market makers were blown out on the LBMA on March 24th. One of my sources was London silver trader and whistleblower Andrew Maguire, who was kind enough to join me on this show and explain what happened. There's a good chance that in due time this will be looked at as one of the seminal breakpoints, and i...Read More
Jordan Roy-Byrne comments on the short-term pullback we are seeing for gold and gold stocks. Gold is rebounding today (Wednesday) but the stocks are still down for the day and down around 12% over the past 5 trading days. We also get a quick comment on silver which has been outperforming.Jordan Roy-Byrne, CMT is a Chartered Market Technician and member of the Market Technicians Association.. He is...Read More
"What's coming will be the weirdest, most twisted thing you've ever seen, something that will be very hard to predict-so the more educated you are on history the better chance you have at surviving it." This sobering quote from Mike Maloney highlights why he devotes his new video to the Great Depression... because it can offer valuable insights into what could be ahead for us today. When Mike wrot...Read More
Think of it as the REAL ID on steroids. The airlines and sectors of government are pushing for a biometric "immunity passport" to prove that one is not corona contagious before flying, attending large events, maybe even going to work. Is this the number of the beast or a sensible reaction to a pandemic? Something in-between? Plus today's program will look at another pandemic: depression and anxiet...Read More
Seaborne iron ore went up on Thursday May 28 with mid-grade iron ores such as Newman fines and Pilbara Blend fines from Australia performing well, sources told Fastmarkets. Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $97.09 per tonne, up $1.72 per tonne. 62% Fe low-alumina fines, cfr Qingdao: $98.89 per tonne, up $0.89 per tonne. 58% Fe fines high-grade premium, cfr Qingdao:...Read More
If you're worried about contact tracing in the age of Covid-19, worry no more: that ship has long sailed.Continue...Read More
At least 10 local news stations around the country aired corporate propaganda from online retail giant Amazon praising the company's worker safety protocols ahead of a shareholders meeting on Continue...Read More
James "Jim" Grant is an American writer and publisher and the founder of Grant's Interest Rate Observer, a twice-monthly journal of the financial markets. He is the author , most recently, of The Forgotten Depression: 1921: The Crash That Cured Itself. Grant's television appearances include "60 Minutes," "The Charlie Rose Show," Bloomberg TV, CNBC and other well-known financial news sources. His j...Read More
The Democrats are burning down their own house now, and everyone can see it. And after my interview with Bob Kudla, tonight's breaking news is that President Trump will sign an Executive Order on Thursday relating to big tech social media censorship. Hopefully he will re-level the playing field.Bob's website: tradegeniusacademy.comRead More