Wolf Richter just published some charts that, for anyone with a sense of stock market history, are pretty ominous. It seems that the major market indexes that recently soared Continue...Read More
The election of 2020 is going to be the most corrupt, manipulated, and outright fraudulent election in American history. There is a lot at stake. This is a major effort by Marxists to take control. Continue...Read More
Turkish billet prices have gone down over the past week because of poor demand and expectations of a downturn in the price for scrap feedstock, market sources said on Thursday June 25.Fastmarkets' weekly price assessment for steel billet, import, cfr main port Turkey, was $380-385 per tonne on Thursday, down from last week's $385-395 per tonne.Billet producers in the Commonwealth of Independent St...Read More
"The last thing we want to do as a state is go backwards and close down businesses." "This temporary pause will help our state corral the spread until we can safely enter the next phase of opening our state for business."Continue...Read More
American politics is so broken that we couldn't even manage the simplest common-sense containment strategy of mandating universal mask-wearing in any indoor space.Continue...Read More
The annual rate of inflation for 2019 was 2.3%. So this means that a depositor with a Wells Fargo savings account is LOSING 1.5% per year.Continue...Read More
The Trump Administration's stance on Syria and Bashar al Assad goes against President Obama's and Sec. of State Clinton's policy since 2011. Ben takes a look at how this new policy is contrary to media narrative about Syria over the past decade.Read More
The economic impact of the COVID-19 pandemic, with blowout deficits and massive money printing, will create the perfect storm for precious metals and will launch a massive bull market for mining equities, according to one junior exploration executives.In an interview with Kitco News during the Mines and Money online connect virtual mining conference, Ivan Bebek, executive chairman of Auryn Resourc...Read More
Since 2010, investors from India, China, United States, Germany, and Canada purchased a tad bit more than two billion ounces of silver bar and coin. Continue...Read More
Striking workers have put all industrial action at Tata Steel IJmuiden on hold until Friday June 26 to negotiate with management, Dutch trade union FNV Metaal said this week. All industrial action at Tata Steel IJmuiden has been temporarily stopped until Friday 1 pm local time after the company invited unions to the negotiation table, FNV said on Wednesday. "Due to the pressure of the strikes, the...Read More
A Cormark Securities report highlights that recent exploration by Troilus Gold yields one of the best holes ever drilled on the property. In an April 22 research note, Cormark Securities analyst Richard Gray reported that Troilus Gold Corp.'s (TLG:TSX; CHXMF:OTCQB) "Southwest zone is starting to bring the heat," and the company recently drilled one of the best holes ever on the property.The South...Read More
Historical precedentsare in many a technician's toolbox – and it's a tool they reach for withsuccess repeatedly. Does the yellow metal offer any interesting parallels?Gold had declined andit recovered, but the above simply prolongs the 2008-2020 analogy; it doesn’tinvalidate it. Today, gold is attempting to break above the previous highs, butit’s not being successful in that. Go...Read More
By: Ira EpsteinSilver was a miserable failure trying to join the party. Gold as lots of resistance here but it does not mean that it will not break to the upside:Read More
German steelmaker Salzgitter has taken a "concrete" step toward its low-carbon production goal by agreeing to a feasibility study with its industrial partners, the company announced on Wednesday June 24.The company agreed with the Federal State of Lower Saxony, the City of Wilhelmshaven and its industrial partners, logistics company Rhenus and energy company Uniper, to conduct a feasibility study...Read More
Bullion premiums have been drifting lower in recent weeksafter spiking earlier this spring. That in part reflects a waning of fear amonginvestors… and a hope for markets and the economy returning to normal as wehead into the summer.But make no mistake, these are NOT normal times. Not with some parts of the economy still locked down. Notwith the Federal Reserve embarked on an unlimited Quant...Read More
The billet import price decreased in Egypt because of lower offers and bids in the week to Thursday June 25, sources told Fastmarkets. CIS-origin billet was offered this week at $395-400 per tonne cfr, and buyers believed $375-380 per tonne cfr may be a "workable" price for the material. No deals were heard in the assessment period because of weak rebar consumption. As a result, Fastmarkets' weekl...Read More
Long-term Trend AnalysisSilver faces very heavy overhead resistance from $18 all the way to $21 which means that it is going to be tough going and take significant effort for Silver to reach let alone breach $21. Whilst there is strong support at $16 and $14.5 (ignoring the crash low of $11.64). Therefore as was the case in January the long-term chart continues to warn to expect Silver to mark tim...Read More
Striking workers have put all industrial action at Tata Steel IJmuiden on hold until Friday June 26 to negotiate with management, Dutch trade union FNV Metaal said this week. All industrial action at Tata Steel IJmuiden has been temporarily stopped until Friday 1 pm local time after the company invited unions to the negotiation table, FNV said on Wednesday. "Due to the pressure of the strikes, the...Read More
Donald Trump appears tohave torn a page from Ahead of the Herd’s manual for recharging the USeconomy. In an earlier article we said what the globaleconomy really needs, in this low-growth, spending-stalled environment broughtabout by the pandemic, is a push - something big that will attract hugeamounts of investment, and workers. As we have suggested, this could be a massiveinfrast...Read More
The economic pressures and concerns within the global marketshave not abated just because the US Fed has ramped up the printing presses.Inversely, the stock market price levels may be elevated based on a falseexpectation of a quick recovery and of future expectations that may be veryunrealistic.In terms of technical analysis, Gold has set up a very interesting sideways basing pattern after recentl...Read More