The U.S. unemployment rate rose in June. But this is good for the economy. What? Good? How is that? Unemployment Increases, but It's Positive 499,000. So many more people became unemployed in June. There are thus 6.6 million unemployed persons in the U.S. now, according to the latest Employment Situation Report published last week by the Bureau of Labor Statistics. It implies the rate of unem...Read More
By Larry LaBorde The lovely Miss Puddy accompanied me to Southern France last month to meet up with our son and his new fianc?e. The purpose of our trip was to meet his bride-to-be's parents in Toulouse. I also wanted to visit the family cemetery in Tartas just south of Bordeaux. After flying into CDG airport in Paris we rested a couple of days and then took the high-speed train from ga...Read More
Hallmark of an Economic Ponzi Schemeby John Hussman of Hussman FundsConsider two economic systems.In one, consumers work for employers to produce products and services. The employees are paid wages and salaries, and business owners earn profits. They use much of that income to purchase the goods and services produced by the economy.They save the remainder. A certain portion of the output represe...Read More
I expect higher physical demand in Asia to prevent further crashes. Use the current correction in gold and silver to invest for yearend or for a period of two years. I have been advising a ten percent investment in physical gold and silver. I am now asking you to increase the same to fifteen percent of your long-term investment. In India, the mark to market (MTM) value of my equity investment...Read More
Metal Bulletin is proposing to refine its existing coverage of the 62% Fe iron ore fines market to provide a clearer reflection of the mid-grade market segment, as distinct from other grade brackets.Metal Bulletin is proposing to refine its existing 62% Fe iron ore fines price (MBIOI-62) to provide a clearer reflection of the mid-grade market, removing direct influence from data pertaining to othe...Read More
Turkish billet prices have continued to fall over the past week because of falling scrap prices and sluggish demand, sources said on Thursday July 12.Billet offers from the CIS region softened over the preceding seven days, with buyers in Turkey and other markets showing limited interest in deals for CIS material.And import scrap prices in Turkey moved downward...Read More
Imported steel billet prices decreased this week in Egypt with lower offers heard in the market, but domestic rebar prices remained unchanged, sources told Metal Bulletin on Thursday July 12.Metal Bulletin's weekly price assessment for domestic rebar in Egypt on July 12 was unchanged at E ?12,525-12,528 ($698-699) per tonne ex-works.The country's major rebar producer, Ezz...Read More
Axel Merk is the Founder, President, Portfolio Manager, and CIO at Merk Investments LLC. He is an expert on qualitative research and macroeconomic trends. Mr. Merk is also an expert on macro trends, hard money, international investing, and on building sustainable wealth, and he is a pioneer in the use of strategic currency investing to seek diversification. He is a speaker and author on topics ran...Read More
TOPICS IN THIS INTERVIEW:01:15 Trade war analysis, can America win?07:05 The consequences of decades of debt15:55 What can be expected from the yield curve?21:55 Safe havens after an economic revaluation28:25 Structuring your finances and learning moreJohn Rubino is the founder and manager of the popular financial website DollarCollapse.com. Mr. Rubino is the co-author, with GoldMoney's James Turk...Read More
According to a recent appeals court decision, the Transportation Security Administration cannot be sued for violating our rights during the screening process...no matter how blatant they assault us. Why are government employees - paid by us - above the law?Dr. Ron Paul is a physician and former twelve-term congressman from Texas who ran for president in 2008. He is the author of eight books, inclu...Read More
The man had been an employee of Academy Sports for over two years and is now considering a lawsuit for being wrongfully terminated.Continue...Read More
Continue...Alasdair Macleod is head of research for GoldMoney. He also runs FinanceAndEconomics.org, a website dedicated to sound money and demystifying finance and economics. He has a background as a stockbroker, banker and economist. Read More
"The United States is hugely dependent on China as a source for low-cost goods to make ends meet for American consumers."The US is 'on track to lose this trade war,' says professor from CNBC.Stephen S. Roach, former Chairman of Morgan Stanley Asia and the firm's chief economist, is a senior fellow at Yale University's Jackson Institute of Global Affairs and a senior lecturer at Yale's School of Ma...Read More
Mark founded Goldcore nearly 14 years ago in 2003 and it has been his passion and a huge part of his life ever since. He strongly believes that due to the significant macroeconomic and geopolitical risks of today, saving and investing a portion of one's wealth in gold bullion is both wise and prudent.Read More
Famed legal expert Alan Dershowitz presents his argument against an impeachment of President Donald Trump. Then, the latest on Trump's trip to Europe. Read More
Tech stocks rebounded Thursday and actually hit a new all-time high at the start of the corporate earnings season.Continue...Read More
Molybdic oxide prices in Europe have added to gains made on Friday amid more buying interest so far this week after higher-priced sales of oxide in Asia affected market sentiment in the West.The move higher in European oxide has pulled up offer prices in the domestic ferro-molybdenum market, although there were fewer reported sales in alloys while market participants wait to see how far the oxide...Read More
The underlying trend continued to hint at a steady buildup of inflation pressures in the US economy that would most likely keep the Fed on its path of gradualContinue...Read More
Bob Moriarty of 321 Gold discusses the situation with a buy-out bid for a Newfoundland gold project. Maritime Resources Corp. (MAE:TSX.V) screwing their own shareholders isn't the worst case of stealing and self-dealing I have seen in the last 17 years. For certain that would have to be Ian Rozier and his band of merry men who totally raped their shareholders back in 2014.In comparison all Dougla...Read More
Gold has not been acting like a proper safe haven due to the fact that a full-blown trade war has not yet been triggered, but this may change once tariffs are implemented, said Gary Wagner, editor of theGoldForecast.com.Read More