Papa John has resigned from various positions because in a conference call he criticized racism and said the n word. Even Forbes states that this was an attempt to show antipathy for racism yet people still became angry and complained. But it isn't just Papa john, a Netflix executive lost his job for using the word in a descriptive manner. It seems that describing racism and condemning it poorly a...Read More
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
Nomi Prins is an American author, journalist, and Senior Fellow at Demos. She has worked as a managing director at Goldman-Sachs and as a Senior Managing Director at Bear Stearns, as well as having worked as a senior strategist at Lehman Brothers and analyst at the Chase Manhattan Bank. Prins is known for her books All the Presidents' Bankers: The Hidden Alliances that Drive American Power and Col...Read More
"We do have a - a political problem where - you know in the United States we have this stupidity going on. Pure stupidity...But it makes it very hard to doContinue...Read More
Brazilian slab export prices widened downward this week with offers and deals for Brazilian material starting to be seen out of the North American market.Metal Bulletin's weekly assessment of Brazilian slab export prices was $520-595 per tonne fob on Friday July 13, compared with $585-595 per tonne fob on July 6.Most of the volumes booked this week were at prices within the range of $585-595 per t...Read More
For the second time in recent memory, concerns have surfaced about the supply of gold. Let's investigate.Continue...Read More
Metal Bulletin reviews the major stories that have affected the steel market over the past week.Raw materialsTurkish steel producers resumed scrap bookings in the deep-sea markets for August deliveries, with prices falling through the week.UK ferrous scrap prices for deliveries in July have mostly gone up after a jump in prices to Europe's key export destination of Turkey in June, trade sources to...Read More
The European stainless steel market is quiet and stable, with the slow summer season having fully taken effect this week and participants awaiting the European Commission's (EC) announcement on the possible introduction of safeguarding measures. Metal Bulletin's weekly base price assessment for 2mm, grade-304 cold-rolled (CR) stainless steel sheet in Northern Europe was stable at ?,?1,000-1,050 ($...Read More
Germany's independent competition authority, Deutsches Bundeskartellamt (German Federal Cartel Office), has imposed fines totaling ?,?205 million ($239 million) on "six special steel companies, a trade association and ten individuals" for fixing prices, it said."For years, the companies have coordinated on important price components for the sale of special steel," Bundeskartellamt president Andrea...Read More
CloseGain/LossOn WeekGold $1241.60-$5.50-1.08%Silver$15.80-$0.14-1.43%XAU80.43-0.84%-3.96%HUI173.52-0.74%-3.18%GDM612.68-0.68%-3.18%JSE Gold1030.27-25.72-4.84%USD94.72-0.06+0.76%Euro116.84+0.11-0.56%Yen89.01+0.12-1.70%Oil$71.01+$0.68-3.78%10-Year2.833%-0.016+0.32%Bond145.75+0.46875+0.06%Dow25019.41+0.38%+2.30%Nasdaq7825.98+0.03%+1.79%S&P2801.31+0.11%+1.50% The Metals: Gol...Read More
The United States has threerequirements in returning to the Gold Standard. They will be extremelydifficult to achieve. They each serve as essential requirements in a criterion.All three are urgently needed. The challenge is formidable for the nation toremain as a leading player in the global economy. The United States standsalone in volume of national debt. Many place the blame on the social net l...Read More
CloseGain/LossOn WeekGold $1241.60-$5.50-1.08%Silver$15.80-$0.14-1.43%XAU80.43-0.84%-3.96%HUI173.52-0.74%-3.18%GDM612.68-0.68%-3.18%JSE Gold1030.27-25.72-4.84%USD94.72-0.06+0.76%Euro116.84+0.11-0.56%Yen89.01+0.12-1.70%Oil$71.01+$0.68-3.78%10-Year2.833%-0.016+0.32%Bond145.75+0.46875+0.06%Dow25019.41+0.38%+2.30%Nasdaq7825.98+0.03%+1.79%S&P2801.31+0.11%+1.50% The Metals: Gol...Read More
CloseGain/LossOn WeekGold $1241.60-$5.50-1.08%Silver$15.80-$0.14-1.43%XAU80.43-0.84%-3.96%HUI173.52-0.74%-3.18%GDM612.68-0.68%-3.18%JSE Gold1030.27-25.72-4.84%USD94.72-0.06+0.76%Euro116.84+0.11-0.56%Yen89.01+0.12-1.70%Oil$71.01+$0.68-3.78%10-Year2.833%-0.016+0.32%Bond145.75+0.46875+0.06%Dow25019.41+0.38%+2.30%Nasdaq7825.98+0.03%+1.79%S&P2801.31+0.11%+1.50% The Metals: Gol...Read More
The United States has three requirements in returning to the Gold Standard. They will be extremely difficult to achieve. They each serve as essential requirements in a criterion. All three are urgently needed. The challenge is formidable for the nation to remain as a leading player in the global economy. The United States stands alone in volume of national debt. Many place the blame on the socia...Read More
Listen to the Podcast Audio: Click HereMike Gleason: It is my privilege now to welcome in Keith Weiner, CEO and Founder of Monetary Metals, and President of the Gold Standard Institute USA. Keith is a hard money advocate who has been an outspoken proponent for the gold standard and restoring sound money to our nation's monetary system. Keith has a PhD from the New Austrian School of Economics, a...Read More
Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort214,310132,87670,367165,561265,955450,238469,198Change from Prior Reporting Period 3,82772010,702-7,356-1127,17311,310Traders17889955147272193 Small Speculators (C) GoldSeek.com LongShortOpen Interest 53,35534,395503,593 2,256-1,8819,429 non reportable positionsChange from the...Read More
By David Brady, CFAThe correlation between Gold and the USD/CNY exchange rate has become clear recently. I first cited the idea of Gold being pegged in yuan terms in February, based on the increasingly narrow range in the Gold/yuan (or "XAU/CNY") exchange rate. I emphasized this, given what it means for Gold in that USD/CNY becomes a primary driver of the price of Gold in dollars. Now it's mains...Read More
The gold miners' stocks have been drifting sideways to lower like usual in their summer doldrums. They are likely near their major seasonal lows ahead of a strong autumn rally, a great buying opportunity. Gold rebounding higher will be the primary driver fueling the gold-stock advance, dispelling today's bearish psychology. And strong Q2 production growth will likely play a sizable role in...Read More
China's growth over the past decade has been not just impressive, but historically unprecedented. No single country has ever added this many factories, roads, airports and entire new cities in so short at time. But the transformation has come at a cost, in the form of a debt bubble that's starting to look unstable. Beginning in 2015 non-performing loans and bond defaults both started trending up...Read More
Ahead of the Herd Newsletter - 2018 Issue Thirty Saturday July 7thAs a general rule, the most successful man in life is the man who has the best informationIn 2016 Steve Bannon, President Donald Trump's former chief strategist, declared that there was no doubt, in his mind, that the US would go to war with China in the South China Sea in the next five to 10 years. A US-Chinese military conf...Read More