We live in a huge misallocation of resources. They focus on geopolitics not on the basic safety of citizens.Nassim Taleb spent 20 years as a derivatives trader and, after closing 650,000 option transactions and examining 200,000 risk reports, he changed careers in 2006 to become a scholar and philosophical essayist. Taleb is currently Distinguished Professor of Risk Engineering at New York Univers...Read More
Today, US deaths from covid-19 crossed above 100,000. The worldwide casualties (that we know of) now exceed 350,000. Whether or not we as a society can agree on the health risks of covid-19 or whether the national lockdowns it has triggered are worth the resulting economic damage, hopefully we can all agree that the global death toll from the pandemic is tragic. Meanwhile, battle lines are being d...Read More
The DTCC is tasked with settling more than 500 million stock trades a day. If they aren't doing so, you don't own what you think you own, and it could cost you everything. Bix Weir joins SGT Report to cover REAL NEWS the mainstream media won't touch.Bix Weir has 30 years' experience in the financial industry with various fortune 500 companies. He is the creator of the "Road to Roota Theory" and hi...Read More
Crude steel production in Germany fell by 23.85% year on year in April due to production cuts made to reflect the drop in demand caused by the Covid-19 pandemic, the German steel federation said this week.Germany's crude steel production totaled 2.56 million tonnes in April 2020, down from 3.56 million tonnes in the corresponding period of 2019, WV Stahl said on Monday May 25.The last time ou...Read More
When you're venturing out into the post Covid 19(84) world it is now imperative that you protect your privacy from the authorities who want to use the so called "pandemic" as an excuse to track trace and database your every move through contact tracing apps (even if you haven't downloaded one) in what is now clearly a big brother surveillance grid nightmare the likes of which Orwell himself couldn...Read More
In the saga of the virus and the lockdown, the wisdom of the crowds, that is the wisdom of each of us, was thwarted by bad data, perhaps intentionally bad.Continue...Read More
Gerald Celente is a pioneer trend strategist and founder of The Trends Research Institute. He is the author of the national bestseller Trends 2000: How to Prepare for and Profit from the Changes of the 21st Century and publisher of the internationally circulated Trends Journal newsletter. Gerald Celente is a political atheist. Unencumbered by political dogma, rigid ideology or conventional wisdom,...Read More
Investors should prepare for U.S.-China geopolitical tension to grow worse. Maybe a lot worse. That's the lesson of history.Continue...Read More
In case investors didn't have enough to worry about with the coronavirus, they may have a whole lot more to deal with before too long.Continue...Read More
Gregory Mannarino started his career working for the securities and trading arm of the now defunct Bear Stearns before the dot-com bubble. After realizing that working on Wall Street was not like the movies, he moved on to get a medical degree and practiced medicine as a Physician Assistant. He also served in the United States Naval Reserve Medical Service Corps, having attained the rank of Lieute...Read More
Trump economic adviser Larry Kudlow said Beijing's actions toward Hong Kong are "very disturbing.""China is making a big mistake, frankly," he told Fox Business Network.Continue...Read More
Extreme concentrations of wealth and power, extreme speculative risk, extreme over-valuation, extreme central bank manipulation-all increase fragility and brittleness. Continue...Read More
The S&P broke above its 200-day moving average on Tuesday, a widely watched momentum indicator of what the market will do in the long term.Continue...Read More
That rate is much lower than the numbers used in the horrifying projections that shaped the government response to the epidemic.Continue...Read More
Time Stamp References:0:40 - How his interest in gold started.4:00 - Don't get married to gold.5:55 - US Inflation and deflation era.12:30 - Financial markets used to reflect the economy.15:00 - The traditional business cycle has been replaced.18:25 - The problems with massive credit expansion.20:30 - Prices may run higher due to shortages.23:40 - Fed has printed a lot, stagflation is coming.27:50...Read More
The price range for high-carbon ferro-chrome widened in Europe in the week ended Friday May 22, with industry sources reporting deals agreed for more than 500 tonnes of material.The price spread widened to $0.15 per lb after deals were reported that raised the higher end of the assessment.Trading activity was said by most sources to be quiet, with only one supplier reporting deals done. But the pr...Read More
With the deal, Ely Gold Royalties will gain a 3% net smelter returns royalty on future production. Ely Gold Royalties Inc. (ELY:TSX.V; ELYGF:OTCQX; A2JSL0:FSE) announced in a news release that its subsidiary, Nevada Select Royalties, agreed to buy 48 unpatented lode mineral claims spanning one mile of the Olympic Gold property in Nevada's Mineral County from Great Western Mining for $150,000.Alon...Read More
Sector expert Michael Ballanger considers what the post-pandemic world could look like in the aftermath of central bank actions. As I sit here on the shores of lovely Lake Scugog, its weed-infested waters lying in wait for countless unsuspecting propellers soon to be ensnared, I am reminded of the failed world of central banking and policy initiatives, which too has become ensnared in flora of it...Read More
The S&P traded atop its 200-day moving average for the first time since early MarchStocks roared back to life after the long holiday weekend, ending Tuesday with impressive daily wins. Most notably, the S&P 500 jumped over the the 3,000 level, which coincides with its closely watched 200-day moving average, for the first time sinceearly March, before ending the day just below the region. Meanwhile...Read More
Amazon's interest in podcasts puts SPOT in focusWhile most of the the broad market enjoys outsized gains, the shares of Spotify Technology SA (NYSE:SPOT) are flat, trading at $190.21 today. Rumors are swirling of Amazon.com's (AMZN) interest in investing in localized podcast content began circulating via a report from Axios. The article noted that sports content was a major draw for the e-commer...Read More