The Head of the DOJ Department that was in the process of charging JP Morgan with RICO Charges of Criminal Conspiracy to Rig the Silver Market just resigned! How many times have the US Regulators "Dropped the Ball" on silver manipulation investigations over the past 50 years??? Too many to count!Bix Weir has 30 years' experience in the financial industry with various fortune 500 companies. He is t...Read More
Continue...Gerald Celente is a pioneer trend strategist and founder of The Trends Research Institute. He is the author of the national bestseller Trends 2000: How to Prepare for and Profit from the Changes of the 21st Century and publisher of the internationally circulated Trends Journal newsletter. Gerald Celente is a political atheist. Unencumbered by political dogma, rigid ideology or conventio...Read More
A Chinese scientist who was escorted out of Canada's only level-4 biolab over a possible "policy breach" shipped deadly Ebola and Henipah viruses to the Wuhan Institute of VirologyContinue...Read More
"In light of ongoing serious cardiac adverse events and other serious side effects, the known and potential benefits of CQ and HCQ no longer outweigh the known and potential risks for the authorized use." Continue...Read More
"Germany as you know is...delinquent in their payments to NATO." Trump said at the White House on Monday. "Why should we be doing what we're doing if they don't pay?"Continue...Read More
The US law protecting police and other public officials from lawsuits will not be reexamined by the country's Supreme Court. The decision comes amid nation-wide protesting against police brutality.Continue...Read More
On Wednesday, Fed Chair Jerome Powell stated he is considering "yield curve control." Previously, in the 1940s, when the Federal Reserve controlled the yield curve, it createdContinue...Read More
This correction could end up being one of your last chances to buy high-quality juniors with significant upside. Eventually, they will become too expensive.Continue...Read More
"I watched Spongebob when I was a kid. Never once did I consider there was anything sexual about him at all. Why? Because I was a child, watching a children's show, AND HE'S A SPONGE."Continue...Read More
"It's going to be really wait and see. I don't think there's going to be an immediate pullback for those kinds of [travel] restrictions.""Looking at what's going on with the infection rate, I think it's more likely measured in months rather than weeks."Continue...Read More
Turkish steel producers remained active in the market for import scrap in the week ending Friday June 12, while prices for bulk scrap in Japan and Vietnam appear to hit a ceiling as activity slowed.Turkish mills continue to book deep-sea scrap Demand from Turkey has allowed US East Coast prices to keep increasing Trading activity falls in Vietnamese market as offer prices climb Buying activi...Read More
Technical analyst Clive Maund charts the explorer and discusses recent trading in the stock. Although our buying towards the end of Maydidn't succeed in triggering a breakout by Black Tusk Resources Inc. (TUSK:CSE; BTKRF:OTCMKTS; 0NB:FSE), it rose a bit and its technical condition has continued to improve, as we can see on its 8-month chart below. There is no point in writing much here because th...Read More
Here are five Fastmarkets stories you might have missed on Monday June 15 that are worth another look.Jaguar-Land Rover will cut up to 1,100 employees in the UK, while posting a pre-tax loss amid the coronavirus pandemic, it announced on June 15 in its financial results.Latin American steelmakers were operating at 42% capacity in April after at least seven blast furnaces were halted to balance sup...Read More
Sector expert Michael Ballanger critiques the latest news and moves in the stock and precious metals markets. As I was watching the pompom news channel (CNBC), they went into full damage control over Thursday's massacre, and I thought to myself, "What markets or media bullet points do 'the boys' need to control today in order to avoid a weekly sell signal and ensuing panic?"In order of urgency, h...Read More
Saudi Arabia General Customs Authority has postponed its planned increase in duties on steel imports, it said on Thursday June 11. Import duties on several steel products were scheduled to increase on June 10, Saudi Arabian market sources told Fastmarkets on May 29. The customs authority now says the...Read More
China's crude steel, hot metal and finished steel output all rose to historical highs in May, according to data released by the country's National Bureau of Statistics (NBS) on Monday June 15.These exceeded the previous highs set in May 2019.May outputCrude steel: 92.27 million tonnes, up by 4.2% from a year earlier, up by 8.5% from April Hot metal: 77.32 million tonnes, up 2.4% year on year, up b...Read More
- Dave Kranzler, Mining Stock Journal"No one ever loses equity in a bankruptcy case," U.S. Bankruptcy Judge David Jones said during a status conference in the J.C. Penney case last month. "Equity gets lost long before the case is filed."Hertz filed Chapter 11 under the U.S. Bankruptcy Code after the market closed on May 22nd. The filing was well telegraphed. The next day the stock took a cliff...Read More
Watching out for sentiment extremes helps you avoid getting "caught up with the crowd"Simply put, a market sentiment extreme is a situation when most everyone has already taken a bullish or bearish position in a financial asset, leaving almost no one left to buy or sell.Silver provides an excellent case study.Let's briefly go back to April 18, 2011, when Elliott Wave International's U.S. Short Te...Read More
Jaguar-Land Rover (JLR) will cut up to 1,100 employees in the UK, while posting a pre-tax loss amid the coronavirus pandemic, it announced on Monday June 15 in its financial results.The company took the decision to reduce the number of contract-agency employees in its manufacturing plants over the coming months against the backdrop of the Covid-19 pandemic, it said.A company spokesperson expects u...Read More