Tom welcomes back Alasdair Macleod, Head of Research For GoldMoney. Alasdair discusses the Fed's levels of reverse repos and quantitative easing of 120 billion a month. Since the banks can't absorb all the extra liquidity-seeking returns, the Fed must step into the market. To subscribe to our newsletter and get notified of new shows, please visit http://palisadesradio.caBasel III's net stable fund...Read More
"Instead of international amity, respect, and goodwill, the U.S. government has only instigated suffering for the country's 11 million people - of which 4 million are black and brown", Continue...Read More
AOC, BLM, the Black Caucus, and Socialists are suddenly and strangely quiet on Cuba. One would at least think the Congressional Black Caucus Continue...Read More
"The cryptocurrency industry leverages a network of shady business connections, bought influencers and pay-for-play media outlets to perpetuate a cult-like 'get rich quick' funnel designed to extract new money from the financially desperate Continue...Read More
Glencore has described rioting in South Africa as a "force majeure event" in a letter to customers about a number of ores, alloys and metals exported from the country, although this is not a declaration of force majeure. In a notice to customers on July 14, seen by Fastmarkets, the trader-miner warned that ongoing violence in South Africa could potentially prevent them from fulfilling contracts wi...Read More
The Speaker, already one of the richest members in Congress, has become far richer through investment maneuvers in Big Tech, as she privately chats with their CEOs.Continue...Read More
China's domestic stainless steel prices rose sharply over the week to Wednesday July 14 on concerns of tighter supply amid growing expectations for mills to cut production.Gains in the nickel market provided further support to stainless steel prices.The three-month nickel contract on the London Metal Exchange ended the official trading session on Wednesday at $18,698 per tonne, up by $381 per tonn...Read More
Brad Aelicks, co-founder and director of Pyfera Growth Capital, explains why he owns 1.8 million shares of Getchell Gold, his largest personal position in the mining sector. Fondaway Canyon North Slope DevelopmentBrad Aelicks is deeply involved in the world of technology and sustainability-but in a previous life he was a rock-star geologist.We asked Aelicks about his track record in resource extr...Read More
The European Commission (EC) has proposed a revision of the EU Emissions Trading System (ETS) that would substantially reduce the overall cap on carbon dioxide emissions and increase the annual rate of reduction as part of the EU Green Deal, it said on Wednesday July 14.The EC has an ambitious target to achieve net reductions in emissions of at least 55% by 2030, compared with 1990 levels. The pre...Read More
Adrian Day provides an update on Vista Gold and discusses companies in his portfolio that he sees as strong buys. Vista Gold Corp. (VGZ:NYSE.MKT; VGZ:TSX, US$0.94) announced an equity raise that sent the stock tumbling. On the evening of July 7, the company announced, with the shares trading at $1.25, a raise of $13.5 million at $1.10 with warrants (three-year, half warrant) at $1.25. Given this...Read More
Brazilian steel producers have accepted a reduction of 10% in import duties, and agreed to avoid raising domestic prices further, according to the country's economy minister, Paulo Guedes.The government has been in talks with representatives of steel producers, the country's construction industry and other end users. They are discussing options to normalize supply of rebar and other steel products...Read More
Vietnam is proposing to impose a 5% export tax on steel billet, which could make offer prices from the country's mills uncompetitive in key Asian markets, sources told Fastmarkets on Thursday July 15.The proposal has been drafted by the Vietnam Ministry of Finance, but is not yet official policy as it is awaiting final government approval, according to key billet trading sources.News of the propos...Read More
For the past two years at this juncture, the Precious Metals Sector has risen sharply in a month-long up cycle for Silver and with the high inflation expectations going forward a similar ramp up for the Precious Metals Sector is a real possibility. Inflation ExpectationsAccording to the New York Fed’s Survey of Consumer Expectations:the under-40 crowd expects inflation to hit 3.8% a year fro...Read More
The European Commission (EC) adopted on Wednesday July 14 a package of proposals under the EU Green deal that affect the metals industry, including a Carbon Border Adjustment Mechanism (CBAM).The CBAM will apply to imports into the EU of iron and steel, aluminium, cement, fertilizers and electricity.During a transition period from 2023 to 2025, importers will have to report the emissions embodied...Read More
The ECB adopts a new inflation target. Is the European Central Bank mimicking the Fed or doing its own thing? The revolution in central banking is spreading. Following the Fed, the European Central Bank has also modified its target. Last week, after an 18-months review of its monetary policy framework, the ECB published a statement on its monetary policy strategy, deciding to change its goal from...Read More
Here are five Fastmarkets stories you might have missed on Thursday July 15 that are worth another look.Brazilian steel producers have accepted a reduction of 10% in import duties, and agreed to avoid raising domestic prices further, according to the country's economy minister, Paulo Guedes.Aluminium producer UC Rusal will...Read More
Rising South African manganese exports over the past month have been driven by semi-carbonate ore sales to traders, leading to a build-up of low-grade stocks in China even while high-grade inventories have been drawn down.Prices for low- and high-grade manganese prices in China have diverged in recent weeks, with market sources suggesting that this disparity has been maintained by trader...Read More
Smartinvestors are preparing to profit from a supply squeeze in an $18-billionmarket.So,what’s a supply squeeze?Simple:When the supply of something goes DOWN at the same time demand for it goesUP... Asupply squeeze triggers.Whenthat happens, you can potentially make more in a short time than you wouldnormally make over a lifetime.Forexample, it just happened with lumber.Thecoronavirus shut d...Read More
Benchmark futures were mostly higher on the London Metal Exchange at Thursday's 5pm close following positive economic data released from China and a sustained dovish stance from the US Federal Reserve on interest rates.The three-month copper contract continued to rally, reaching $9,486.50 per tonne at Thursday's 5pm close, up by 1.5% from $9,342.50 per tonne on Wednesday. Despite recent consolidat...Read More
Major commodity shortages all over the globe arewreaking havoc in the markets...and driving up prices of goods for consumers. Most recently, a widespread shortage in the lumbermarket has generated a great deal of attention due to the impact this shortageis having on the price of home renovations and new home construction. A global shortage of microchips is having a dramaticimpact on the electronic...Read More