By David MorganI've Been Helping My Subscribers Weather the Current Economic Mess. Now I Invite You to Join My Growing Circle of Successful Investors.The Morgan Report is all about YOU and how you can build and preserve Wealth for generations to come. We know it can sometimes seem a daunting task to protect your assets and preserve or grow your wealth. Over 15 years ago, a small group of us star...Read More
Turkish deep-sea scrap markets remained quiet on Monday June 25 due to the uncertainty in the market following the general elections in Turkey.Preliminary results from Turkey's presidential election on Sunday June 24 gave Recep Tayyip Erdogan a commanding lead, while his ruling Justice and Development Party (AKP) failed to win majority of the 600 parliamentary seats. However, the 'People's Al...Read More
(Reuters) - Xerox Corp said on Monday it would start sourcing products from new vendors to lower its dependency on Fujifilm Holdings Corp and may not renew its technology agreement with the 56-year-old joint venture Fuji Xerox.Fujifilm sued Xerox last week for well over $1 billion, faulting the printer and copier company for succumbing to pressure from activist investors Carl Icahn and Darwin Deas...Read More
Iron ore prices increased on Monday June 25 while lump premiums continued to rise amid ongoing restrictions on production in China's steelmaking hub of Tangshan.Metal Bulletin 62% Fe Iron Ore Index: $65.49 per tonne cfr Qingdao, up $0.15 per tonneMetal Bulletin 58% Fe Premium Index: $53.06 per tonne cfr Qingdao, down $0.51 per tonneMetal Bulletin 65% Fe Iron Ore Index: $89.60 per tonne cfr Qingdao...Read More
Charles Hugh Smith writes the Of Two Minds blog which covers an eclectic range of timely topics: finance, housing, Asia, energy, long-term trends, social issues, health/diet/fitness and sustainability. From its humble beginnings in May 2005, Of Two Minds now attracts some 200,000 visits a month. Charles also contributes to AOL's Daily Finance site and has written eight books, most recently A Radic...Read More
Restrictions on sintering and pellet output to reduce pollution in China, along with high mill margins, have led to iron ore pellet premiums rising as mills favour the least-polluting material tomaintain output and meet emissions targets.PelletsMetal Bulletin's 65% Fe Blast Furnace Pellet Index was at $114.48 per tonne for the week ending Friday June 22, up $2.44 per tonne - or 2.2% - from $112.04...Read More
We began today's session with a review of some FSN member's queries. ETF's - at least GLD and SLV - have a number of questionable practices that make one wonder about whether they really have the metal in the vault. Your call, just be careful and use for trading vehicles only. Tom asked whether it makes sense to never retire and keep stacking gold and silver. There's lot's more so listen up. John...Read More
Today's Briefing looks at the weakness in, and possible long-term technical breakdown by, LME Industrial Metals, with a specific bearish spotlight shining on Copper !! We are SHORT Copper in the WeldonLIVE TradeLAB.Gregory Weldon is CEO of Weldon Financial and Editor of the influential newsletters "Weldon's Money Monitor," the "Commodity and Currency Monitor," the" Metal Monitor," and the "ETF Pla...Read More
Steel billet prices were unchanged in most global markets during the week ended Friday June 22 due to quiet trading activity, with the post-Eid al-Fitr holiday buying flurry unsustained. Commonwealth of Independent StatesSentiment in the CIS steel billet export market cooled over the past week because buying activity failed to bounce back as expected after the Ramadan and Eid al-Fit...Read More
Jason Burack of Wall St for Main St interviewed first time guest, technology expert, technology investor and editor at The High-Tech Strategist newsletter since 1987, Fred Hickey.During this hour plus long interview, Jason first asks Fred about the technology industry including the FAANG stocks and tech stock valuations. Questions include:1) What's your opinion on valuations for technology compani...Read More
BERLIN (Reuters) - Business confidence in Germany fell in June to its lowest in more than a year, suggesting the mood among company executives is darkening as the world edges toward a full-blown trade war.Activity declined in all four sectors measured by the Munich-based Ifo institute in Monday’s survey - manufacturing, services, trade and construction.The readings added to signs that Europe...Read More
(Bloomberg) - A Mauritian commodity exchange that plans to start operating in the fourth quarter expects to trade $6.5 billion of gold annually within five years, part of the Indian Ocean island nation's plan to become a financial gateway to Africa, its chairman said.The introduction of the Mauritius International Derivatives and Commodities Exchange brings to fruition Prime Minister Pravind Jugn...Read More
ASX-listed Artemis Resources and JV partner, TSX-V listed Novo Resources, will shortly commence an aggressive $5.4m exploration program at their shared conglomerate and paleoplacer gold projects near Karratha, in the west Pilbara of W.A.Initially the program will focus on bulk sampling, diamond drilling and costeaning activities, primarily at the emerging Purdy's Reward exploration lease.Continue...Read More
Shares in Galantas Gold (TSX, LON:GAL) climbed on Monday in London after the company announced it has reached the main gold vein in development works underground at its Omagh gold mine in Northern Ireland.The main tunnel that Galantas has dug descends at a slope with a gradient of 1-in-7 from near the base of the former open pit, the company said.Galantas' Omagh is Northern Ireland's only produci...Read More
At the end of 2017, there were approximately 1 billion firearms in over 230 countries around the globe, 84.6 percent of which were held by civilians, 13.1 percent by stateContinue...Read More
Acacia Mining (LON:ACA), Tanzania's No.1 gold producer, said Monday that parent company Barrick Gold (TSX, NYSE:ABX) has yet to reach an agreement with the East African nation's government to end a running dispute over taxes that has severely hit the miner's bottom line.Barrick, which has been negotiating on Acacia's behalf with the Tanzanian government for over a year, had said it would deliver...Read More
* Risk-off mood, poor economic data hurt rand* Forward rate agreements project hike in 2018* Economists see benchmark rate kept at 6.5 percent* CPI contained within 3-6 percent target rangeBy Olivia Kumwenda-MtamboJOHANNESBURG, June 25 (Reuters) - South African markets are pricing in the possibility of an interest rate hike this year as the rand falls, even though economists say this is unlikely a...Read More
Paul Boron is 13 years old and facing a life-changing felony eavesdropping charge for recording his school's principalContinue...Read More
LONDON, June 25 (Reuters) - Acacia Mining said onMonday its majority shareholder Barrick Gold would not provide anew deadline for the completion of talks to end a cripplingdispute over taxes in Tanzania after failing to meet a mid-yeartarget to do so.Barrick , which is negotiating on Acacia's behalfwith the Tanzanian government, had previously said it wouldprovide an agreement for approval by Acac...Read More
On Wall Street, it's best not to think too hard or to look too closely into the mouths of gift horses. Since making predictions based on actual economic understandingContinue...Read More