"It seems, sir, that in this case you are choosing to define it differently so that you can look better."Continue...Read More

People are erroneously stating that Donald Trump's executive order signed over the weekend "cuts payroll taxes on workers." It doesn't. It defers the taxes, meaning you still have to pay them at a later date.Continue...Read More

The presidential election is now less than three months away. A lot can happen in three months. But today I'm issuing a blockbuster election prediction that might shock you.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

We are unable to deal with the Covid-19 threat because (1) Big Pharma wants to turn the threat into a profit opportunity, and (2) conspiracy theorists refuse to acknowledge the reality of the threat. Continue...Read More

Bob Moriarty discusses a wide variety of topics including the difference between an opinion and a market position (i.e. You don't have to make every bet), whether it matters who wins in November, and precious metals juniors Continue...Read More

But another $25-billion taxpayer bailout is tucked into the stimulus package. The stock market loves bailouts and hates the effects of capitalism.Continue...Read More

Domestic prices for hot-rolled coil in Northern Europe were fairly stable day on day on Tuesday August 11, due to the normal seasonal demand slowdown.But steelmakers insisted on higher offers, and deal prices were likely to rise in September, when market activity traditionally revives after the summer lull.Fastmarkets' daily steel hot-rolled coil index, domestic, exw Northern Europe, was calculate...Read More

At this point, everybody speculating about the Russian vaccine will be doing so prematurely, as the scientific community awaits more details from the Russians.Continue...Read More

Gold and silver prices are sharply lower in early U.S. trading Tuesday after news overnight that Russia has approvedRead More

"The Board believes that the dividend increase is sustainable and is reflective of the ongoing robust performance of our operations and continued improvement in the Continue...Read More

Flat steel import prices in the United Arab Emirates and Saudi Arabia continued to increase over the past seven days, with demand better than last week, when market participants were just returning from the Eid al-Adha religious holiday, sources told Fastmarkets on Tuesday August 11.Some deals were heard for re-stocking purposes, and buyers said that more price increases were expected because of g...Read More

Following a consultation period, Fastmarkets will change the publication time of its Latin American steel price assessments to Friday, 2-3pm New York time, from 2-3pm London time, with effect from Friday August 14. The prices subject to the change are: MB-STE-0102 - Steel hot-rolled coil import, cfr main ports South America, $/tonne MB-STE-0133 - Steel hot-rolled coil (dry) export, fob m...Read More

Quinton Hennigh, CEO of NOVO Resources, sits down with Maurice Jackson of Proven and Probable to discuss how the company's latest acquisition puts it on the fast track to production. Maurice Jackson: Joining us for a conversation is the chairman and president of Novo Resources Corp. (NVO:TSX.V; NSRPF:OTCQX), Dr. Quinton Hennigh. What a delight to have you back on the program today as Novo Resourc...Read More

StrikePoint Gold's focus with this work is on high-grade targets. In a news release, StrikePoint Gold Inc. (SKP:TSX.V; STKXF:OTCMKTS) announced it commenced a minimum 2,000 meter diamond drill program at its Willoughby gold property in British Columbia's Golden Triangle. The work, to be carried out by Morecore Drilling, will test high grade targets as well as broad intervals of gold mineralizatio...Read More

Aben Resources is proceeding with pad building at its Forrest Kerr Project in northwestern British Columbia and expects its drill program to be fully operational within a week. Aben's Forrest Kerr Gold ProjectIn a news release, Aben Resources Ltd. (ABN:TSX.V; ABNAF:OTCQB) announced that "its 2020 field season is proceeding well and will be moving into the next phase which will include Pad buildin...Read More

Sector expert Michael Ballanger runs the numbers on current and future values of gold and silver given current economic conditions. Stuart Monk/Shutterstock.com"I'd rather be a gold bug then a paper worm." AnonymousIn late 2019, as I was laying out the framework for the 2020 GGMA Forecast Issue, there was only one four-letter word that kept cropping up and that word was D-E-B-T (actually there w...Read More

The prices paid for steel rebar and billet in the United Arab Emirates continued to increase this week, although buying was moderate, market sources said on Tuesday August 11.Domestic rebarThe country's rebar producers were still offering the product at 1,770-1,773 dirhams ($482-483) per tonne ex-works for August-production orders, Fastmarkets understandsLocal producers are due to announce new reb...Read More

China's domestic rebar prices rose on Tuesday August 11 to regain losses of a day earlier amid a strengthening of demand.Domestic Eastern China (Shanghai): 3,640-3,670 yuan ($523-527) per tonne, up by 30 yuan per tonneBuyers raised their procurement rates in the earlier part of the day amid rising futures. The increased demand pushed up spot rebar prices.But demand dropped in the late afternoon af...Read More

Ferrous scrap prices in the Mexican steelmaking regions of Monterrey and Baj?-o increased week on week because of continued improvement in demand.Many market participants reported average price increases of 200 pesos ($8.91) per tonne for most grades of scrap during the week ended Friday August 7, while other, less common price increases were reported in the range of 150-400 pesos ($6.68-17.82) pe...Read More