President of Miles Franklin Andy Schectman says lack of supply is the single biggest issue facing the physical gold and silver industry.7:00 Premiums10:25 Free market pricing17:05 Capital gains on metals19:28 Gold Roth IRA21:29 Metals' stability25:51 Weekly special29:03 New life in FloridaAndy Schectman is the President and CEO of Miles Franklin Ltd. Precious Metals.Read More
Turkish steel mills continued their deep-sea scrap purchases for July shipment at slightly higher prices on Wednesday June 9, having only just resumed buying activity on Tuesday after a near-two-week break, market participants told Fastmarkets.A steel mill in the Marmara region booked a Baltic Sea cargo, comprising HMS 1&2 (80:20) at $498 and bonus scrap at $508 per tonne cfr.The same mill also bo...Read More
Lynette Zang has held the position of Chief Market Analyst at ITM Trading since 2002. Ms. Zang has been in the markets on some level since 1964. Her mission is to convert financial noise into understandable language. She has been a banker, a stock broker and studied world currencies since 1987. She believes strongly that we need to be as independent as possible and at the same time, we need to com...Read More
Inflation is on the rise and so is denial about it.Oil prices reach their highest levels since Covid began.Broken bond market and rising stock market are not evidence of low inflation.Janet Yellen admits higher inflation is coming, but says it's a good thing.Global minimum tax is a big negative for the world.Bitcoin 2021 cult member love fest comes to an end in Miami.Michael Saylor goes into more...Read More
"I think that there is certainly at this point enough data to demonstrate there is an interest in our nuclear technology, a potential to even interfere with that nuclear technology," Elizondo said, noting there is nothing surprising about a possible increased interest in US capabilities related to its nuclear technology.Continue...Read More
"By combining 8.4 billion unique password variations with other breach compilations that include usernames and email addresses, threat actors can use the RockYou2021 collection Continue...Read More
May's consumer price index is set to be released tomorrow morning, and the broad expectation is that inflation will climb higher compared to the previous month's reading of 4.2%.Gary Wagner, editor of TheGoldForecast.com, agrees with the consensus expectation."I agree that we should see an uptick in the number of inflation," Wagner told David Lin, anchor for Kitco News. "The reason being, oil cont...Read More
Fastmarkets' index of the 63% Fe Australia-origin lump ore premium, cfr Qingdao, hit a record-high on Wednesday June 9 amid strong activity on a trading platform.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $212.67 per tonne, up by $3.17 per tonne62% Fe low-alumina fines, cfr Qingdao: $214.71 per tonne, up $2.90 per tonne58% Fe fines high-grade premium, cfr Qingdao: $187.88 per tonne, up...Read More
I find it convenient just like COVID that all of a suddenContinue...Read More
'I only love you because you're black' and 'true dat n***a'.'how much money do I owe you. Becaause (sic) n***a you better not be charging me Hennessy rates.'Continue...Read More
"The infamous spike protein of the coronavirus gets into the blood where it circulates for severalContinue...Read More
Whatever they're hiding, they have powerful reasons. Who loses in this shifting environment?Here's a preliminary assessment of the biggest losers.Continue...Read More
Researchers at King Abdullah University of Science and Technology developed what they believe is an economically viable system to extract high-purity lithium from seawater.Continue...Read More
The inevitable conclusion is hyperinflation followed by a collapse of the dollar and the stock and bond markets. My bet is that it is too late to prevent the inevitable.Continue...Read More
The Covid-19 pandemic and its aftermath has pushed the global debt higher by $32 trillion in Continue...Read More
The export market for steel billet from the Commonwealth of Independent States softened on Wednesday June 9 in new deals from Ukraine.Fastmarkets' daily steel billet index, export, fob Black Sea, CIS was calculated at $644 per tonne on June 9, down by $2 per tonne from $646 per tonne a day before.A few deals for Ukraine-origin billet totaling 15,000 tonnes were done to Italy. Sales...Read More
The background and responsibilities of a recently appointed Troilus Gold executive are described in a Laurentian Bank Securities report. In a June 1 research note, Laurentian Bank Securities analyst Jacques Wortman reported that Troilus Gold Corp. (TLG:TSX; CHXMF:OTCQX) appointed Richard Harrisson to its newly created chief operating officer (COO) position."As Troilus project development continue...Read More
H.C. Wainwright & Co. raises its target price on MAG Silver. In a May 19 research note, H.C. Wainwright & Co. analyst Heiko Ihle discussed MAG Silver Corp.'s (MAG:TSX; MAG:NYSE A) 2021 drilling plans as well as other company news. Regarding exploration work at Juanicipio, assays are expected sometime during this quarter from the 2020 drill program, comprised of 33 holes over 27,900 meters, Ihle n...Read More
With the current situation suggestiveof a Monty Hall problem, investors are clinging to the first, bullish door. Butwhat if a different option is more likely?The Monty Hall problem is a form of aprobability puzzle, and what it shows is immensely unintuitive. Suppose you areon a game show, and you need to choose one of three doors. Behind one of themis a car and behind the others, goats. You pick a...Read More
China's domestic rebar prices picked up on Wednesday June 9 as a result of futures gains leading to stronger demand, market sources said.DomesticEastern China (Shanghai): 4,960-5,000 yuan ($776-782) per tonne, up by 40-50 yuan per tonneRebar futures staged a slight rebound on Tuesday and Wednesday, following a large drop on Monday, which market participants said was a "reasonable price change".The...Read More