Gregory Mannarino started his financial career working for the securities and trading arm of the now defunct Bear Stearns before the dot-com bubble. He is an active trader of the capital markets and has published several books pertaining to finance, global economics, and equity trading; His most recent book is titled Ultimate Guide To Money and The Markets (free ebook). Gregory currently hosts a b...Read More
Danielle DiMartino Booth spent nine years as an advisor to Richard W. Fisher at the Federal Reserve Bank of Dallas. Danielle left the Fed in 2015 to found Money Strong, LLC, an economic consulting firm and launched a weekly economic newsletter She is the author of Fed Up: An Insider's Take on Why the Federal Reserve is Bad for America. DiMartino Booth began her career in New York at Donaldson, Luf...Read More
Update on monetary policy: Monetization by any other time is ok, but call it what it is and you're a crackpot conspiracy theorist!Market outlook for non-monetization: Gold bull run could pause a little longer, but stocks already heading higherWhat if the 'risk off event everyone's been waiting for' already happened in the form of the Repo crisis?Read More
David Stockman is a former Republican congressman from Michigan and was President Reagan's budget director from 1981 to 1985. After leaving the White House, Stockman became a managing director at Salomon Brothers, and he later founded a private equity fund. David is the founder of David Stockman's Contra Corner, and he is the author of The Great Deformation: The Corruption of Capitalism in America...Read More
The National Association of Manufacturers (NAM) was hacked over the summer according to sources who spoke to Reuters. The unnamed sources concluded the attack came from ChinaContinue...Read More
"We see the current stance of monetary policy as likely to remain appropriate as long as incoming information about the economy remains broadly consistent with our outlook of moderateContinue...Read More
Amidst all the political brouhaha regarding foreign aid, it is important that we keep in mind the nature and purposes of this particular federal program, as well as its related program, sanctions.Continue...Read More
A shift of sentiment last week to a more risk-on appetite by investors led to some selling of save haven vehicles, including $600 million of GLD, the world's largest gold-backed ETF, but in the larger picture, holdings of gold ETFs have still increased, said George Milling-Stanley, Chief Gold Strategist of State Street Global Advisors."Let's put all of this into context, including that $600 millio...Read More
Gold futures tumbled to a three-month low as contracts equal to over 3 million ounces changed hands in half an hour, fueling the sell-off. According to CME data as of end of market close November 11th, gold futures open interest is now up to 704,741 contracts!Gold Trade Equal to 3 Million Ounces Sends Futures Tumbling https://www.bloomberg.com/amp/news/ar...Monitor Gold Futures Contracts Open Inte...Read More
Export billet prices from Iran have surged in the week to Wednesday November 13 with mills starting sales of their January-rolling material, Fastmarkets has learnt.Last week, several cargoes of January-rolling billet were reported sold to traders within the range of $360-365 per tonne fob for further sale to Asian markets."There is very little tonnage left now from the January allocation,"...Read More
The company is starting off with a resource of close to a million ounces of gold before drilling. Gatling Exploration Inc.'s (GTR:TSX.V; GATGF:OTCQX) Larder gold project is located in Ontario on the Cadillac Larder fault in the Abitibi Greenstone Belt, 35 km east of Kirkland Lake, and is composed of three separate deposits, Bear, Cheminis and Fernland. All three have seen exploration historicall...Read More
The details of this transition project in Nevada are discussed in a CIBC report. In an Oct. 28 research note, CIBC analyst Bryce Adams reported that Premier Gold Mines Ltd.'s (PG:TSX) "first project at South Arturo, El Ni?o underground, has achieved commercial production ahead of schedule and on budget." South Arturo is a joint venture project between Premier that owns 40% and Nevada Gold Mines,...Read More
Mickey Fulp, the Mercenary Geologist, sits down with Maurice Jackson of Proven and Probable to discuss silver and its position among the metals, as well as some of his favorite copper, gold and uranium companies. Maurice Jackson: Joining us for a conversation is the Mercenary Geologist, Mickey Fulp. Thank you for joining us. Two years ago, Mickey, we discussed the value propositions in tax-loss...Read More
Prices for hollow steel sections in Northern and Southern Europe were unchanged this week although some mills were offering higher prices on possible rises in feedstock costs, market sources told Fastmarkets on Wednesday November 13.Fastmarkets' weekly price assessment for steel sections (medium), domestic, delivered Northern Europe, was ?,?560-580 ($617-639) per tonne on Wednesday, unchanged week...Read More
Turkish steel pipe export prices have advanced in the past month due to increasing raw material costs and stronger demand in the domestic market, sources said on Wednesday November 13.Fastmarkets' monthly price assessment for steel structural pipe export S235JR grade EN10219 2mm wall thickness, fob main port Turkey, was $515-530 per tonne on November 13, widening up from $515-520 per tonne on Octo...Read More
The S&P eked out a slim gainThe Dow managed a strong win and another record high in a busy session on Wall Street. The blue-chip index was spurred by Walt Disney (DIS), which saw its shares rally after announcing strong numbers for its Disney+ streaming service. The S&P 500 and Nasdaq lagged behind, however, as traders considered congressional testimony from Fed Chair Jerome Powell -- who suggeste...Read More
- Craig Hemke, TF MetalsWith the expected price pullback underway, what can we expect for the remainder of the month and into year-end? Will the price action continue to resemble 2010, or will it play out more like 2016 instead?As we've discussed each of the past two weeks, the current selloff/pullback in COMEX gold and silver is as unsurprising as it was unavoidable. The COMEX market-making Ban...Read More
Forecasts, Commentary & Analysis on the Economy and Precious MetalsCelebrating our 46th year in the gold businessNovember 2019"I'm no insect. Gold is a great way to make a lot of money." - Thomas Kaplan, Electrum GroupMichael J. Kosares, USA Gold2020 visionFive charts to contemplate as we prepare for the new year1. Gold's annual returns 2000 to presentIn the February edition of this newsletter,...Read More
- Gary TanashianGlobal central banks have been pumping the liquidity spigots 24/7 and the US Fed is starting to go that way as well. This during a time of supposed economic splendor and fruitfulness (it is these contradictions that are the windows into a ginned up, leveraged economy dependent on monetary policy) while the S&P 500 breaks through the bull turnstile to blue sky.A real economy and...Read More
- Stewart Thomson, Graceland Updates 1. It doesn't take much downside price action to make gold investors nervous, or much upside price action to make greed appear.2. It's probably true that no fever is like gold fever!3. To reduce these swings in emotion, my suggestion is for investors to do most of their buying and selling at major support and resistance zones....Read More