First and foremost, it's time to cash in on our Starbucks (NASDAQ: SBUX) $123 call(s) expiring on July 30 for a gain of at least 209% as of Friday morning. Congrats on another big win in just a week's time! And just so there are no misunderstandings:Today's Action to Take: Sell your SBUX July 2021 $123.00 calls expiring on July 30, 2021. Now, onto an equally pressing market opportunity for you.U...Read More
Global scrap prices remained broadly stable over the week to Friday July 23; trading remains subdued due to public holidays and a resurgence of Covid-19.Turkish mills remain silent on public holidayUnited States export market apprehensive of downward correctionChinese prices improve on rising demandVietnam market flat on lack of interestTaiwanese scrap prices impacted by Covid-19 related lockdownI...Read More
The inter-merchant light iron scrap market in the United Kingdom was steady in the week to Friday July 23, consolidating small gains from the previous week amid strong domestic fundamentals, despite quiet export sales to key destinations such as Turkey and the Indian subcontinent, sources told Fastmarkets.Fastmarkets' weekly price assessment for steel scrap 5C, loose old light, domestic, delivered...Read More
Base metals prices on both the London Metal Exchange and Shanghai Futures Exchange were generally stronger this morning, Friday July 23, the exception was lead on the LME that was down by 0.5%, but that was after a strong gain on Thursday. Lead, tin and nickel all pushed the boundary on the upside on Thursday with gains of 1.5% or moreEuropean Central Bank projected a dovish outlook on monetary po...Read More
An overview of the new energy materials markets and their price moves from the past week.Susan Zou, Yingchi Yang, and Sybil...Read More
Part 1 (part 2 below)Part 2Michael Pento is a specialist in Austrian economics and is the President of Pento Portfolio Strategies. Prior to starting Pento Portfolio Strategies he served as a senior economist and VP of the managed products division of another well known financial firm. Michael has also created ETFs and UITs that were sold throughout Wall Street. Earlier in his career, he worked on...Read More
The flooding caused by torrential rains that have battered central China's Henan province since last weekend has disrupted logistics and deliveries there although production remains largely unaffected, market sources told Fastmarkets.Henan, one of China's most populous provinces, is a major production hub for base metals including lead, zinc, copper and nickel. Some regions of the province, inclu...Read More
Gregory Mannarino started his career working for the securities and trading arm of the now defunct Bear Stearns before the dot-com bubble. After realizing that working on Wall Street was not like the movies, he moved on to get a medical degree and practiced medicine as a Physician Assistant. He also served in the United States Naval Reserve Medical Service Corps, having attained the rank of Lieute...Read More
"We don't control the price of the product we produce, which is a major flaw in the system," this is according to Keith Neumeyer, CEO of silver producer First Majestic Silver.The silver mining head got candid with our Daniela Cambone about the ongoing price manipulation he feels the industry faces."There are only two solutions: the investor has to buy physical metal and take metal off the market....Read More
Inflation & shortages are created by Federal Reserve counterfeiting and government interventions in the economy. Every other excuse is just that, an excuse that is meant to distract you from the sources of these ills.Dr. Ron Paul is a physician and former twelve-term congressman from Texas who ran for president in 2008. He is the author of eight books, including the New York Times bestsellers The...Read More
Brien Lundin joins Kam Hesari as Craig returns next week. Listen in as they discuss market volatility, inflation, FED, US Dollar, Gold price and more in this edition of Weekly Wrap Up.Brien Lundin serves as president and CEO of Jefferson Financial, Inc., a highly regarded producer of investment-oriented events and publisher of investment newsletters and special reports. Under the Jefferson Financi...Read More
Gary Wagner, editor of TheGoldForecast.com, discusses with David Lin, anchor for Kitco News, the key price levels to watch for gold, and what's been holding the metal down.0:00 - Economic update3:45 - Gold price update8:17 - Gold and bond yields13:00 - Gold and U.S. dollarGary Wagner has been a technical market analyst for 25 years. A frequent contributor to STOCKS & COMMODITIES Magazine, he has a...Read More
1. Is the 'Friday Effect" back?This is where the markets seem to always rally on a Friday. This did not play out last week, but it seems that the 'Friday Effect' has not worked on the past two monthly options expirations (June & July options expiration). It looks to be in gear today.2. Earnings season is underway.Next week we get the big mega cap tech stocks reporting. Almost every trader in the w...Read More
Chat logs introduced as evidence by prosecutors at the Chicago spoofing trial of two former precious-metals traders for Bank of America Corp.'s Merrill Lynch unit show one of them, Edward Bases, bragging about how easy it was to manipulate prices. Gold Trader's Chat Bragged About 'How Easy' It Is to Manipulate Prices https://finance.yahoo.com/news/gold-t...Craig Hemke/TF Metals Tweet from Thursday...Read More
Todd Bubba Horwitz joined us for a discussion of the economy and the stock market. He believes it's going to go down eventually, but who knows when? Everything is messed up thanks to the Fed. And they have no way out. Don't be deceived by transitory or temporary inflation, it's here to stay for the foreseeable future. Todd tells us that Pot stocks are looking good. They key event will occur when t...Read More
Jeff Snider is head of global investment research for Alhambra Investment Partners, a registered investment advisory based in Palmetto Bay, Florida. As Head of Global Investment Research for Alhambra Investment Partners, Jeff spearheads the investment research efforts while providing close contact to Alhambra's client base. Jeff is published nationally at RealClearMarkets, ZeroHedge, Minyanville a...Read More
Lithium prices in China mostly rose over the week ending Thursday July 22 due to restocking drives among consumers, sources told Fastmarkets.Lithium prices in Chinese domestic market rise amid consumer restocking activity.Seaborne Asian lithium market remains steady amid persistently tight supply.European and US prices remain largely stable, with technical-grade lithium hydroxide narrowing upward...Read More
Is the free world still free? This is a serious question given where we are. In this episode, I discuss the growing body of evidence that the free world is collapsing into totalitarian chaos.The Bongino Report brings you the top conservative and libertarian news stories of the day, aggregated in an easy to read format to assist the public in getting accurate information. https://bonginoreport.com...Read More
The US empire is without exception the single most corrupt and destructive force on this planet, and it's not even close. It is the Continue...Read More
"What are we going to get out of this? You're going to get a sugar high, the higher inflation, then an economic bust," Druck warned.Continue...Read More