Dear Friend of GATA and Gold:In a discussion with your secretary/treasurer this week, London metals trader and Kinesis Money founder Andrew Maguire says longtime metals bank Scotiabank is not only closing its metals trading desk but getting out of the vaulting business and all involvement with gold. Maguire says Scotiabank's withdrawal is a "forced regulatory decision," puts in doubt the resolut...Read More
By: Gary SavageSPX short-term cycles, a head and tops topping pattern?Read More
David Haggith "Jerome Powell burst the stock market bubble by publicly acknowledging there will not likely be a "V"-shaped economic recovery. He indicated that it will take years for the economy to return to the recent levels ... we experienced just a mere four months ago. Seeking AlphaThat was actually the point of my recent article that unfortunately became, in the comments, all about my disc...Read More
By: Ira EpsteinGold is stuck in the middle of this dead zone. What is needed to get out of the range?Read More
Turkish steel mills booked no deep-sea cargoes on Thursday June 18, with a growing number of market participants now believing that prices have reached a peak, sources told Fastmarkets.News of a US deal from the beginning of the week was, however, heard on Thursday.A steel mill in the Izmir region booked a US cargo, comprising 15,000 tonnes of HMS 1&2 (80:20) at $265 per tonne and 15,000 tonnes of...Read More
"A dollar decline is inevitable," says Stephen Roach, senior lecturer at Yale University, as he explains how a coming crash in the U.S. dollar will unfold. Stephen S. Roach, former Chairman of Morgan Stanley Asia and the firm's chief economist, is a senior fellow at Yale University's Jackson Institute of Global Affairs and a senior lecturer at Yale's School of Management. He the author, most recen...Read More
Just when you thought things we might be coming out of the worst, one widely followed analyst reminds us to connect the dots from the Reagan-era draining of Canada's sovereign gold reserves as a weapon which bankrupted the USSR, to the fatal flaws in Keynesian fiat currency, to today's runaway vertical growth of the Fed's balance sheet, to the emerging global rejection of the USD, to the future gl...Read More
Brazilian steelmaker Companhia Sider??rgica Nacional (CSN) will increase domestic prices by 10.5% on July 1, it told distribution clients this week, sources with knowledge of the move told Fastmarkets.Rising iron ore prices and a steep discount to domestic steel over imports support the action CSN has taken, the sources added. The company had already considered an increase in June but weakening de...Read More
Todays interview is with Harley Schlanger. Harley discusses the Deep Sdtate and how the Trump administration is fighting their every move. Harley pointed out that Trump spoke at West Point and in his speech he told the globalists we are no longer the police of the world. The economic system is now being transitioned, the globalists are panicking.Harley Schlanger's work can be found at LaRouchePAC....Read More
So here we are. The Fed can't print new small businesses once the existing ones die. The police can't stop riots without shooting the rioters. Corporate profits are crateringContinue...Read More
The rising civil unrest is starting to take notice of Bill Gates and his consortium hell-bent on changing the world economy. They have used the coronavirus as a ploy to Continue...Read More
The Fed has been trying to hold up the world, but they are losing grip. Any attempt to cap rates will result in the Fed finding themselves in the same position of having to buy all Continue...Read More
0:00 Introduction1:34 Recent precious metals trades?4:46 How are you trading silver?5:48 Unique dynamics to trading microcaps7:31 Pyramiding call options9:58 Trading around options expiration11:45 PolyMet Mining Corp.'s crazy recent price action16:14 Robinhood traders17:20 Sectors you are trading?18:35 If you are such a good trader then why not just use your knowledge to get wealthy yourself? Why...Read More
Despite allowing its economy and schools to remain open during the coronavirus outbreak, Sweden is finding that the incidence of COVID-19 antibodies among its population is still surprisingly Continue...Read More
Here are five Fastmarkets stories you might have missed on Thursday June 18 that are worth another look.Workers of Tata Steel's Dutch operations have planned another strike during the night shift, which will affect the hot zone, the trade union FNV Metaal said on June 18.Brazilian iron ore and metals producer Vale has scheduled the reopening of its Canada-based Voisey's Bay nickel unit to early Ju...Read More
Black Tusk Resources reported that it has begun preparations for a 3D IP Survey on the McKenzie East Gold Project. In a news release, gold development company Black Tusk Resources Inc. (TUSK:CSE; BTKRF:OTCMKTS; 0NB:FSE) announced that "the company has begun preparation for the 3D Induced Polarization (IP) survey on the McKenzie East gold property located north of Val d'Or, Quebec." The firm noted...Read More
Bob Moriarty of 321gold awaits results from this explorer's drill program. The market was waiting for definitive news from Blackrock Gold Corp. (BRC:TSX.V; BKRRF:OTCMKTS) about their upcoming drill program at Tonopah West. On the 17th of June the market got it and liked it a lot. The shares were up 18% on the day and 50% over the past three weeks.Investors have been waiting patiently for assay re...Read More
Inflationremains low, while Powell signals dovish Fed for years. Good for gold. The US CPI inflation ratedeclined 0.1 percent in May, following a0.8 percent drop in April. The decrease was mainly driven by decreases in energy,transportation and apparel prices. The core CPI also declined 0.1 percent, following a 0.4percent drop in April. It was the third consecutive monthly decline, whichhappened f...Read More