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Harry Dent - The American Illness

July 06, 2018 / marketsanity.com

*If the volume isn't working, click the volume icon located in the bottom right hand corner of the video playerThe US continues to print money out of thin air! We've added $1.23 TRILLION to the budget deficit this year alone thanks to tax cuts putting the total deficit at over $20 trillion. These stimulus packages are just a slow morphine drip for the economy's death spiral.Harry Dent is a Fortune...Read More

Glenn Greenwald: MSNBC Does Not Merely Permit Fabrications Against Democratic Party Critics. It Encourages and Rewards Them.

July 08, 2018 / marketsanity.com

"Periodic reminder that MSNBC, during the campaign, falsely told its viewers Jill Stein had a show on RT & refuses to correct/acknowledge it."Continue...Read More

Jim Grant discusses the world's various points of pressure at the moment

July 09, 2018 / marketsanity.com

Jim, Evan and Phil discuss the world's various points of pressure, and provide a few other trenchant observations.1:05 The Declaration of Independence gets unfriended by Facebook3:52 HNA, China and the world7:02 Italy's populists and the European Central Bank11:28 U.S. junk bond yields on the moveJames "Jim" Grant is an American writer and publisher and the founder of Grant's Interest Rate Observe...Read More

Charles Hugh Smith: The USA Is Now a 3rd World Nation

July 09, 2018 / marketsanity.com

I know it hurts, but the reality is painfully obvious: the USA is now a 3rd World nation. Dividing the Earth's nations into 1st, 2nd and 3rd world has fallen out of Continue...Read More

Inflation Is Back, Part 9: Two Sentences Say It All

July 08, 2018 / marketsanity.com

Okay, one more look at wage inflation, followed by a short diatribe on the unfairness of life. As the labor markets get tighter, power is finally shifting from companiesContinue...Read More

CIS STEEL SLAB: Price rise supported by finished steel sales, tight supply

July 09, 2018 / www.metalbulletin.com

CIS export slab prices jumped by $15-20 per tonne over the week ended Monday July 9 with mills increasing their offers on August-rolling material, following the positive trend in the finished flat steel segment in recent weeks.Reduced global availability of slabs was another reason for the higher offer prices. This was itself a result of scheduled maintenance outages at some CIS mills in the third...Read More

Did Tariffs Cause Great Depression? Martin Armstrong Explains...

July 09, 2018 / marketsanity.com

The causes of the Great Depression have been debated for decades. The problem with all of the analysis is this same attempt to reduce the cause to a Continue...Read More

2,500 job cuts weren't enough for world's no. 2 platinum miner

July 09, 2018 / www.mining.com

(Bloomberg) - Impala Platinum Holdings Ltd. is facing some tough choices as the South African miner works to stem losses at aging shafts amid slumping prices for the metal.The world's second-largest producer has already cut 2,500 jobs in the year through June and says there may be more to come. Only three of the 10 shafts at its sprawling Rustenburg mining complex were making money as of March. T...Read More

Why Trump's Iran Isolation Plan May Backfire

July 09, 2018 / marketsanity.com

In May, President Trump pulled the United States out of the Iran nuclear deal despite Iran living up to its obligations and the deal working as Continue...Read More

CHART: Copper, nickel, zinc prices - plenty upside just to revert to mean

July 09, 2018 / www.mining.com

Metals and minerals prices have come a long way since hitting multi-year lows late-2015, early 2016.Copper is up by nearly half, recent weakness notwithstanding. Zinc's nearly doubled since then and nickel bulls (suddenly aplenty) have achieved the same for devil's copper, the only major metal in positive territory for 2018.Gold has gained 20% from lows hit mid-December 2015; technically a bull...Read More

Pretium Resources roars back

July 09, 2018 / www.mining.com

After spooking investors in January with worrisome production results, Pretium Resources (TSX:PVG) said it produced 111,340 oz of gold in the second quarter sending the stock 13 per cent higher to $11.99 a share.The company said it had a 14.9 grams per tonne gold mill feed grade and a 97.7% gold recovery rate."With more than 187,000 ounces produced in the first half of 2018, we have delivered on o...Read More

Mickey Fulp discusses the gold sector and the economy overall

July 08, 2018 / marketsanity.com

TOPICS IN THIS INTERVIEW:01:05 Gold market misery05:05 "Gold is still the only real money"08:05 Blockchain and digital commodities13:35 Twenty year equity bull market or economic collapse?18:25 How to get prepared for 2019Michael S. "Mickey" Fulp is a Certified Professional Geologist with over 29 years experience as an exploration geologist searching for economic deposits of base and precious meta...Read More

Private equity firm to deploy $550 million into mining sector

July 09, 2018 / www.mining.com

Written with material from Denham Capital news releaseDenham Capital, a resources and energy-focused global private equity firm, closed its first stand-alone mining fund, the Denham Mining Fund, at $558 million to expand its portfolio in Australia, Canada, South America and Africa.Denham Capital says it will continue its strategy of partnering with management teams with proven track records to ac...Read More

CHINA REBAR: Domestic prices flat despite rising futures

July 09, 2018 / www.metalbulletin.com

China's domestic rebar prices remained unchanged on Monday July 9 although futures picked up some strength after the weekend. Domestic Eastern China (Shanghai): 3,940-3,980 yuan ($593-599) per tonne, unchanged Northern China (Beijing): 3,870-3,910 yuan per tonne, unchanged Rebar futures posted solid gains during the day, which stimulated buying interest in the spot market.Buyers who had not been p...Read More

Trade Wars, Gold and a Once-in-a-Lifetime Opportunity

July 09, 2018 / www.theaureport.com

In a period of economic uncertainty exacerbated by threats of a trade war, Samuel Pelaez, chief investment officer and portfolio manager with Galileo Global Equity Advisors, delves beyond the headlines to discuss the factors that are influencing gold, oil and other commodities, and why he believes we are on the cusp of a once-in-a-lifetime opportunity in commodities. The Gold Report: Sam, recentl...Read More

Jack Chan: Bullish Markets in the Big Picture?

July 09, 2018 / www.theaureport.com

Jack Chan charts the latest moves in the gold markets and sees the potential for a new "bull leg." Our proprietary cycle indicator is now up. The gold sector is on a long-term buy signal. Long-term signals can last for months and years and are more suitable for investors holding for long term. The gold sector is on a short-term buy signal. Short-term signals can last for days and weeks, and are mo...Read More

GLOBAL CHROME WRAP: Chinese ferro-chrome prices fall on smelter restarts in Inner Mongolia

July 09, 2018 / www.metalbulletin.com

Chinese ferro-chrome prices plunged late last week after ferro-chrome smelters in the major production hub of Inner Mongolia restarted operations, while muted buyer interest and uncertainty weighed on cif China UG2 chrome ore and charge chrome indices. Spot domestic ferro-chrome prices drop in China  Chrome ore and charge chrome cif China dip  Alloys in South Korea and Japan unmoved&nbs...Read More

GLOBAL FERRO-SILICON WRAP: China domestic market pares gains, export prices stable; European spot price range widens amid slow activity

July 09, 2018 / www.metalbulletin.com

Chinese domestic ferro-silicon prices dropped in the past week, paring gains made the week before amid low key trading activity from a fall in demand; meanwhile, the European market has seen a widening of the spot price trading range amid an illiquid market. China pares recent gains amid lower demand Dealers eye end to environmental inspections Europe price range widens lower amid slack...Read More

Bank Stocks Boost Dow to Third Straight Win

July 09, 2018 / www.schaeffersresearch.com

The blue-chip index is now positive for 2018A big day for bank stocks helped push the Dow back into positive year-to-date territory today, with the blue-chip index logging its best day since June 6 on strong gains for Goldman Sachs (GS) and JPMorgan Chase (JPM). The S&P and Nasdaq also gained ground, as FAANG stocks surged. By the time the dust settled, all three benchmarks were higher for a third...Read More

Big Crude Rally Raises a Contrarian Red Flag

July 09, 2018 / www.schaeffersresearch.com

Oil tends to lag after racking up a 50% year-over-year gain -- and so do stocksThe steep ramp in NYMEX WTI crude prices over the past year, as displayed on the accompanying chart, is as impressive as it is anxiety-inducing, given that this uptrend has translated directly into higher gasoline prices. As such, no one particularly wants to take credit for the big boom in oil; over the past week, Pres...Read More

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