We are not even 6 full months into Biden's presidency and his tax plans, specifically trying to get rid of the 1031 tax exchange, are really hurting small businesses, family farms and real estate investors in local communities. Joe Biden Declares War on Family Farms, Owner Occupied Businesses and Home Ownership https://www.theinstitutionalriskanaly...Carol Roth's new book just released: The War on...Read More
Join Mike Maloney in his latest 48 minute presentation in which he makes a public apology to Jeffrey Christian of CPM Group for using an image that Mr Christian did not like, along with a detailed thought experiment of what silver's price could be if several metrics from the 1980 rush play out in today's financial environment. You'll also learn about the ten-trillion dollar lie that government acc...Read More
0:00 - $150 silver, $3,000 gold2:30 - Bull cycle length5:50 - Sentiment on gold, silver8:50 - Inflation and metals9:38 - Fair value for gold?14:37 - Gold miners18:25 - Basel III20:31 - "Summer fireworks"Sentiment for gold and silver are weak, right now, said Lobo Tiggre of the Independent Speculator. Tiggre told David Lin, anchor for Kitco News, that he never wants to be a "mindless cheerleader" i...Read More
This will be the largest settlement in a child sexual abuse case in United States history. The Boy Scouts of America filed for Continue...Read More
"Violent groups try to manipulate your anger and disappointment," adds the latter missive, exhorting netizens to "take action now to protect yourself and others."Continue...Read More
All you have to do is tell them they are being attacked and denounce the pacifists for lack of patriotism and exposing the country to danger. It works the same way in any country.Continue...Read More
Socialist central planning has been elevated to a new art form based on control of the economy from the commanding heights of finance.Continue...Read More
Steve Penny joins us live for a silver market update!Steve Penny is a full-time trader specializing in silver, gold, and uranium. Steve Penny's Silver Chartist: https://www.silverchartist.com.Read More
In short, it's time to admit that California's "green" push has been a complete disaster, and is about to leave millions of people in the dark during hot, sweaty days, leading to countless deaths.Continue...Read More
Though gold's daily chart doesn't show much of a discernible trend, the weekly chart is helpful for Continue...Read More
Monthly European alloy steel surcharges for grade-316 stainless steel have surged for July because of a sharp increases in the price of molybdenum, Fastmarkets heard on Friday July 2.Fastmarkets' calculation of stainless steel cold-rolled sheet 316 2mm alloy surcharge domestic, Europe was ?,?2,902-2,946 ($3,439-3,492) per tonne for July, up by ?,?242-271 per tonne from June.The substantial increas...Read More
East China's rebar prices dropped on Friday July 2 due to weak demand on poor weather during the day, ending the week 10 yuan per tonne lower than June 25.DomesticEastern China (Shanghai): 4,830-4,860 yuan ($746-750) per tonne, down by 40-50 yuan per tonneNorthern China (Beijing) weekly assessment: 4,780-4,820 yuan per tonne, up by 20-30 yuan per tonneHeavy rain in large parts of eastern and south...Read More
When credit spreads narrow, it’s bad for gold. But this time there is a silver lining we can look for, although it’s quite adverse for the economy.There are several important factors affecting gold prices. Many analysts focus mainly on the US dollar and real interest rates . However, what is sometimes even more important is economic confidence. Of course, the level of economic confiden...Read More
The pig iron export market in Brazil remained calm in the week to Friday July 2, waiting to see how the global market will react to Russia's plan to impose export duties on a range of metal products.Fastmarkets' price assessment for pig iron, export, fob port of Vitoria/Rio, Brazil, was $620-625 per tonne on Friday, widening upward from $620 per tonne a week before.Offers from the south...Read More
The United States' pig iron import market was muted during the week to Friday July 2 because buyers preferred to wait to see the effects on the market of the announcement of an export duty by Russia.Russia is the largest global pig iron supplier. It intends to impose a temporary export duty on pig iron at the level of 15% but no less than $115 per tonne, to be effective from August 1 until Decembe...Read More
Prices for flat-rolled steel products imported into South America were down in the week ended Friday July 2 because of lower prices on an fob basis in China, and with fewer offers in the market while mills prepared for September-shipment negotiations.Fastmarkets' price assessment for steel plate, import, cfr main ports South America, was $990-1,000 per tonne on Friday, down by $20-80 per tonne in...Read More
Key data from Fastmarkets' pricing sessions in China, the United States and Europe on Friday July 2.China The China ferro-silicon price edged up due to the tighter availability following the news that producers in Shanxi and Ningxia might face another round of production cuts so the provinces can meet their dual energy consumption targets, with supplier offers broadly unchanged.In addition, the ne...Read More
With automakers switching to producing vehicles with batteries reliant on metals such as cobalt and lithium, the expectation for lead has been that prices will follow the downward fortunes of the internal combustion engine.But recently that has not been the case; lead's cash price on the London Metal Exchange reached a three-year high of $2,368 per tonne on Wednesday June 30, crowning nine straigh...Read More
Base metals prices on the London Metal Exchange were broadly up at the close of trading on Friday July 2 following better-than-expected data released by the US Bureau of Labor Statistics.Base metals prices on the London Metal Exchange were broadly up at the close of trading on Friday July 2 following better-than-expected data released by the US Bureau of Labor Statistics.Total nonfarm payroll empl...Read More
Iron ore prices dropped on Friday July 2 on depressed market sentiment and a possible crude steel output cut in several areas which could weaken demand for iron ore, sources said. Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $217.98 per tonne, down $1.34 per tonne62% Fe low-alumina fines, cfr Qingdao: $219.57 per tonne, down $2.18 per tonne58% Fe fines high-grade premium, cfr Qingdao: $...Read More