Wolf Richter is the founder of Wolf Street Corp and the publisher of WolfStreet.com. Wolf has over twenty years of C-level operations experience, including turnarounds and a VC-funded startup. He has a BA, MA, and MBA (UT at Austin). In his prior life, he worked in Texas and Oklahoma, including a decade as General Manager and COO of a large Ford dealership and its subsidiaries. Read More
Rick Rule, former CEO of Sprott US Holdings, joins us to discuss the details of PSLV, how they acquire Silver in North America and around the world. Rick Rule, founder and chairman of Sprott Global Resource Investments Ltd., began his career in the securities business in 1974. He is a leading American retail broker specializing in mining, energy, water utilities, forest products and agriculture. H...Read More
Most of the media and politicians of all stripes are apoplectic that President Biden sat down with his Russian counterpart without wrestling him to the ground or pounding him. The reaction by US elites - from Trump to CNN - to the largely successful summit tells us everything that's wrong with US foreign policy. Also today: Biden does say the stupidest thing ever at the summit.Dr. Ron Paul is a ph...Read More
Talking Points From This Episode- Uncertainty in the equity markets and sector performance.- Dangers around chasing news and public interest.- Expectations for the dollar, gold and silver.- Outlook for energy and expectations for Bitcoin.Time Stamp References:0:00 - Introduction0:32 - Market Leaders3:29 - Commodity Cycle5:20 - News Events6:47 - Smart Money9:26 - Sector Relationships11:24 - Volatil...Read More
We should not overstate the case - the outcome of the Putin-Biden summit did not resolve most of the outstanding issues, which the War Hawks in the Military Industrial Complex have been inventing and hyping, to bring the two countries to the brink of war. However, the joint statement they issued included an extremely important agreement: "Today, we reaffirm the principle that a nuclear war cannot...Read More
Trade data uncovers what the CPI was hiding.Fed acknowledges the obvious; inflation is higher than 2%.Fed gives no indication of taper plans.Jerome Powell out-doves himself again.Paul Tudor Jones gets a gift from the Fed.JP Morgan does not believe inflation is mandatory.Economy has a collision course coming with reality.Peter Schiff is an internationally recognized economist specializing in the fo...Read More
"The vaccine on very young people is something that you have to stop. I don't see reasons, and I am a big believer in what we did with the vaccine, but to have every school child, where it's 99.9% chance Continue...Read More
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