Rob Kirby from Kirby Analytics tells Silver Doctors the Exchange Stabilization Fund is most likely using a missing $21 trillion to manipulate the capital markets.Kirby reminds us $21 trillion is missing form the United States Department of Defense and Department of Housing and Urban Development. He believes the ESF is most likely using the money to manipulate the capital markets. He explains in de...Read More
Argentina's domestic prices for hot-rolled coil (HRC) and cold-rolled coil (CRC) rose this month because of the increased prices in the global steel markets, sources have told Metal Bulletin.Metal Bulletin's monthly assessment of Argentina's domestic HRC prices went up to $740-745 per tonne ex-works on Friday March 9, from $720-735 per tonne ex-works a month earlier.The price assessment for CRC in...Read More
By Dave KranzlerThe census bureau does the data-gathering and the Bureau of Labor Statistics feeds the questionable data sample through its statistical sausage grinder and spits out some type of grotesque scatological substance. You know an economic report is pure absurdity when the report exceeds Wall Street's rose-colored estimate by 53%. That has to be, by far, an all-time record-high "be...Read More
Read the latest articles at Peak Prosperity: https://www.peakprosperity.com/Christopher Martenson is a former American biochemical scientist. Currently he is a writer and trend forecaster interested in macro trends regarding the economy, energy composition and environment. He is the founder of PeakProsperity.com. As one of the early econobloggers who forecasted the housing market collapse and stoc...Read More
The small contrarian gold-mining sector remains deeply out of favor, universally ignored. Thus the gold stocks are largely drifting listlessly, totally devoid of excitement. But that's the best time to buy low, when few others care. The gold stocks continue to form strong technical bases, paving the way for massive mean-reversion uplegs. And they remain exceedingly cheap relative to gold p...Read More
Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort245,58761,76462,811153,421358,324461,819482,899Change from Prior Reporting Period -6,394-11,499-9,206-8,106-2,999-23,706-23,704Traders18379865062267196 Small Speculators LongShortOpen Interest 46,28125,201508,100 -1,054-1,056-24,760 non reportable positionsChange from the previou...Read More
Bob Moriarty says bitcoin is not a currency, "It's an electronic Beanie Baby."Michael 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 metals, industrial minerals, coal, uranium, and water in North and South America and China. Mickey has worked for junior explorers, major mining com...Read More
Prices for flat steel goods in Brazil were unchanged in early March, with stable conditions also predicted for next month.Metal Bulletin's monthly price assessment for Brazilian hot-rolled coil (HRC) was steady month on month on Friday March 9 at 2,500-2,600 Reais ($768-799) per tonne ex-works.In the same comparison, Metal Bulletin's monthly price assessment for Brazilian cold-rolled coil...Read More
Unionized workers at Antofagasta's (LON:ANTO) Los Pelambres copper mine in Chile voted to strike Friday after rejecting the company's latest offer for a collective labour agreement."Around 99% of the voting workers voted in favour of a legal strike," Federaci??n Minera de Chile treasurer Dino Saltori said in a statement (in Spanish), adding the union has 447 members.The stoppage will be the first...Read More
NEW YORK (Reuters) - The dollar briefly fell on Friday against a basket of currencies as average domestic wages grew less than expected in February, paring bets the Federal Reserve would accelerate its pace of interest rate increases to counter price pressure.At 8:38 a.m. (1338 GMT), the index that tracks the greenback versus the euro, yen, sterling and three other currencies, .DXY was up 0.11 per...Read More
The small contrarian gold-mining sector remains deeply out of favor, universally ignored. Thus the gold stocks are largely drifting listlessly, totally devoid of excitement. But that's the best time to buy low, when few others care. The gold stocks continue to form strong technical bases, paving the way for massive mean-reversion uplegs. And they remain exceedingly cheap relative to gold...Read More
Click Here to Listen to the Interview - *the interview begins at 05:45Gerald parses through all of the major new stories these days and tells us which one is the most important storyline that will affect the stock markets, the economy, and gold.Click Here to Listen to the Interview - *the interview begins at 05:45Gerald Celente is a pioneer trend strategist and founder of The Trends Research Ins...Read More
Canada's largest diversified miner Teck Resources (TSX:TECK.A | TECK.B)(NYSE:TCK) said Friday it expects to lose about 200,000 tonnes in coal output due to an almost two-month interruption at its Elkview coal mine in British Columbia.The Vancouver-based miner, which confirmed the restart of the mine's drying complex, said repairs will cost less than $10 million, in line with previous estimates.F...Read More
Import prices for flat steel goods in the South American market edged up this week, driven by higher hot-rolled coil (HRC) values."HRC is always the first [product] to feel the effects of higher slab costs," a trader said.Metal Bulletin's weekly price assessment for HRC imports into South America was $660-670 per tonne on Friday March 9, up from last week's $650-660 per tonne cfr.China-origin...Read More
Eric Sprott has more than 40 years of experience in the investment industry. In 1981, he founded Sprott Securities (now called Cormark Securities Inc.), which today is one of Canada's largest independently owned securities firms. In 2001, Eric established Sprott Asset Management Inc. Over the years, Eric has personally been the recipient of numerous awards and honors, including one of Investor Dig...Read More
The Constitutional Court of Guatemala will take longer than expected to decide whether precious metals miner Tahoe Resources (TSX:THO)(NYSE:TAHO) can resume operations at its Escobal silver mine, the company said.While Tahoe has not yet received the formal resolution, it said the delay is in part because the judge requires certain information that has to be provided within 15 business days b...Read More
In the previous edition of the Market Overview, we explored the fascinating history of bull and bear cycles in both the U.S. dollar and gold. Since then, the idea of cyclicity doesn't lead me to drop off, disrupting my sleep cycles. Let's then dig into the topic. We start with the business cycles, as in the recent Gold News Monitor we wrote that "we are in the late stages of the economic cycle -...Read More
Erik Townsend welcomes Jim Grant to MacroVoices. Erik and Jim discuss new Fed governor Powell, treasury yields and how far the FED go before something breaks. They discuss his outlook on inflation, gold, junk bonds, China and the drivers of long term debt cycles. They reflect on History and what happened when the FED did not bail out the banks in 1920 and considerations on what actions the US gove...Read More
The Chilean government has started an anti-dumping case against rebar imports from Mexico, according to a document made public on Friday March 9. The country's anti-price distortion commission will analyze imports of rebar from Mexico from January to December 2017.In 2015, Chile launched an anti-dumping probe into rebar imports from Mexico, resulting in anti-dumping duties of...Read More
By Hugo Salinas PriceThere is a lot of commentary going around the world, regarding Trump's initiation of a "Trade War" to rebuild America's industries. Trump thinks that tariffs will do the trick, and stop the rest of the world from taking unfair advantage of the US by selling their goods to the US in exchange for lots of US dollars. According to Trump, this nefarious behavior on the part of th...Read More