o while America was told to follow the science, scientists chose to play politics."At the time, it was scarier to be associated Continue...Read More
David Morgan is a world-renown precious metals aficionado. He is the creator of TheMorganReport.com, a monthly report that covers economic news, overall financial health of the global economy, currency problems and the key reasons for investing in precious metals. A dynamic, much-in-demand speaker all over the globe, David's educational mission also makes him a prolific author, having penned Get t...Read More
Rents for single-family homes just saw the largest gains in nearly 15 years https://www.cnbc.com/2021/06/15/rents...US house prices are being pushed up by pension funds that are outbidding middle class families and purchasing up to 24% of houses in some areas they then rent out https://www.dailymail.co.uk/news/arti...That Suburban Home Buyer Could Be a Foreign Government https://www.wsj.com/articl...Read More
1. Gold is getting hammered.Precious metals are all selling off this morning. The catalyst for the decline is clearly from the FOMC announcement yesterday. Even though the Federal Reserve is not actually tightening or doing anything yet, the jawboning was enough to scare the gold market. 2. Tech is strong again this morning.Most of the major stock indexes are declining lower today except for techn...Read More
Simone Scott underwent a heart transplant one month after developing what her doctors believe was myocarditis following her second dose of Moderna. SheContinue...Read More
The Federal Reserve continues to claim that the current run-up in consumer price inflation is "transitory," pushed higher due to base effects and Continue...Read More
Cuban was "hit" by a cryptocurrency token market crash on Wednesday."I got hit like everyone else. Crazy part is I got out, thought they were increasing their TVL enough. Then Bam."Continue...Read More
Initial reports of Sicknick's death falsely claimed it was the result of him being bludgeoned with a fire extinguisher. The official autopsy later found Continue...Read More
0:00 - Introduction to The Perth Mint9:13 - Shortage of gold & silver?19:06 - Unallocated, allocated, and pool accounts23:24 - Metals inventory30:07 - Precious metal borrowings32:07 - Insurance, working stock management39:03 - Outlook on the precious metals marketsRichard Hayes, CEO of The Perth Mint, discusses with David Lin, anchor of Kitco News (https://twitter.com/davidlin_TV), why speculation...Read More
McAlinden Research Partners notes that the dollar continues to face significant downward pressure across the globe as gold's rise guides more central bank buying. Rising inflation, as well as disappointing job growth data, continue to weigh on the US Dollar (USD). While the Biden administration and Federal Reserve are prepared to spend even more to kick the economy into a higher gear, it will c...Read More
Chris Temple, editor and publisher of The National Investor, explains why he believes Quebec Precious Metals has outsized potential. One of the problems investors face in the gold exploration space is there are simply WAY too many choices. When the market for precious metals peaked back in 2011, many companies arguably should have gone bust. Most did not. So today we have a plethora of them; most...Read More
The latest forecasts from Fastmarkets' team of analysts are ready to view.The seamless pipe market continued its rise over the past month across most products and geographies. Sharp price increases of $135-140 per tonne were seen for oil country tubular goods (OCTG) and line pipe in the United States. In Europe and in the Middle East, increases were more modest, with the exception of a few product...Read More
The latest forecasts from Fastmarkets' team of analysts are ready to view.The seamless pipe market continued its rise over the past month across most products and geographies. Sharp price increases of $135-140 per tonne were seen for oil country tubular goods (OCTG) and line pipe in the United States. In Europe and in the Middle East, increases were more modest, with the exception of a few product...Read More
Enabling large-scale expansion of solar power production capacity is a crucial part of the transition to a sustainable future for energy, but its prospects of growth rest on the current and future availability of key minerals and metals. Governments and organizations the world over are busy setting ambitious targets to cut carbon footprints and restrict global warming to less than 2 degrees Celsiu...Read More
With the CPI annual inflation rate spiking 5% in May, gold could have gained a lot in response. However, it rallied only $20. Should we prepare for more?Whoa! Inflation soared 5% in May – quite a lot for a nonexistent (or transitory) phenomenon! But let’s start from the beginning. The CPI rose 0.6% in May, after increasing 0.8% in April. Meanwhile, the core CPI, which excludes food and...Read More
Brazilian apparent steel consumption soared by 83% year on year in May, according to figures from national steel institute, A??o Brasil.Apparent steel use reached 2.50 million tonnes in May compared with 1.37 million tonnes in the same month in 2020, the institute said on Thursday June 17.Consumption of flat-steel products rose 98.90% to 1.45 million tonnes from 730,000 tonnes in the same comparis...Read More
The halfway point of the year is quicklyapproaching. Dwindling confidence and concern over the direction of the countryalong with rising inflation expectations continue to drive strong demand for physical gold and silver. Thattrend appears set to continue through the second half of 2021.Here are a few big stories with thepotential to drive bullion buying in the months ahead. Federal Reserve May Be...Read More
Enabling large-scale expansion of solar power production capacity is a crucial part of the transition to a sustainable future for energy, but its prospects of growth rest on the current and future availability of key minerals and metals. Governments and organizations the world over are busy setting ambitious targets to cut carbon footprints and restrict global warming to less than 2 degrees Celsiu...Read More
The Italian steel distributors association, Assofermet, is calling for the complete removal of safeguard measures in Europe to protect steel users and consumers from the effects of the record high prices currently seen in the market. The association demanded the removal of the import controls on 26 steel products after the European Commission proposed extending the current measures for another thr...Read More
Here are five Fastmarkets stories you might have missed on Thursday June 17 that are worth another look.Vale is testing the use of unmanned trains at its Mariana iron ore complex to transport ore to the Timbopeba plant in a bid to reverse a recent state-ordered stoppage, it said on...Read More