Peter Schiff is an internationally recognized economist specializing in the foreign equity, currency and gold markets. Mr. Schiff made his name as President and Chief Global Strategist of Euro Pacific Capital. He frequently delivers lectures at major economic and investment conferences, and is quoted often in the print media, including the Wall Street Journal, New York Times, Barron's, BusinessWee...Read More
Domestic prices for rebar in Poland have been largely unchanged over the past week as buyers are waiting for new offers from the mills, sources told Metal Bulletin on Friday January 26.Metal Bulletin's weekly price assessment for domestic 12mm B500B-grade rebar in Poland was 2,310-2,350 zloty ($692-704) per tonne ex-works on January 26, compared with 2,220-2,350 zloty per tonne ex-works a week ear...Read More
What we are about to witness in the markets will be similar to watching a gigantic controlled demolition, like say the World Trade Center controlled demolition in NYC. The initial charge that starts the whole sequence of momentous events is the dollar breakdown of recent days. This was triggered by the imposition of destructive trade tariffs by the Trump Administration who then made it plain the...Read More
In the 21st installment of CryptoGoldCentral.com's "One-on-One" interview series - which proudly, is part of the World Crypto Network - Andy is pleased to host one of the alternative media's most well-known political, financial, and social truth warriors, Mike Krieger. Follow him at @LibertyBlitz; read his free blog, libertyblitzkrieg.com; and donate to its cause, via the Bitcoin address 1ArSt9rxB...Read More
By Richard (Rick) MillsAs a general rule, the most successful man in life is the man who has the best informationCrude oil prices dropped from $110 a barrel in the summer of 2014 to about $30 in January 2016. The effect on oil producers and oil-producing countries was dramatic. The Russian ruble plunged, and the Canadian dollar slipped to below 70 cents US for the first time since 2003, kicking...Read More
Eric Sprott discusses the rapidly falling US dollar and its impact on commodity prices. He also gives an update on the gold finds in the Pilbara region of Australia.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 20...Read More
Metal Bulletin is proposing to update the specifications for its India domestic billet and rebar assessments to provide a clearer distinction between the primary and secondary markets in India. The specifications for domestic billet will be updated to better reflect price assessments for secondary-grade IS 2831 billet, 125x125mm thick. The specifications for domestic rebar will be updated to bette...Read More
In yesterday's alert, we wrote that the situation could change quickly and that in such a case, we would send another alert. Six minutes after yesterday's opening bell, we already posted the second alert. And for a very good reason. The USD Index took a deep dive and metals were not even close to reacting in a normal way. They were actually a bit lower. We know an extremely bearish signal when w...Read More
WikiLeaks founder Julian Assange will know next month if he has succeeded in having a warrant for his arrest dropped.Continue...Read More
- Davos elite hear warnings of complacency akin to 2007 as economic risks grow- Toxic mix of infallible belief, arrogance, megalomania and economic ignorance- Some express concern economies are vulnerable due to imbalances, trade, geo-political tensions- Soros: Trump creating 'mafia state' & 'set on a course towards nuclear war' with N Korea- Bond bear market, rising interest rates and massi...Read More
Global ferrous scrap prices continued to tumble in the week from Monday January 22 to Friday January 26, amid poor demand for Turkish rebar and weaker sentiment among traders.Turkey importsTwo fresh Turkish import deals were heard this week, with prices showing a further decline after last week's drop.A steel mill in the Iskenderun region booked a US cargo, comprising 12,000-15,000 tonnes of plate...Read More
Continue...By watching this video, you'll learn:Jim Rickards' favorite cryptocurrenciesWhat is the biggest intellectual failure that people make between cryptocurrency and blockchainHow much of your portfolio Jim Rickards says you should have in goldWhat market-rattling "black swan" Jim thinks we'll see in 2018Why Jim doesn't think that the next bailout will workOf Jim's gold portfolio, find out w...Read More
Gold’s strong uplegaccelerated this week, powering to major new breakout highs. Speculators rushed to buy gold futuresfollowing surprising weak-dollar comments from the US Treasury Secretary, whichhit the US dollar hard. That boostedgold to critical technical levels that should really intensify the shift backto bullish psychology. This mountinggold breakout confirms gold&rs...Read More
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 stock market correction years in advance, Chris rose to prominence with the laun...Read More
The market in the United Kingdom for grade-5C ferrous scrap has dropped in the past week, sliding in line with export prices to key destinations such as Turkey and the Indian subcontinent.British steel scrap in its traditional overseas markets is becoming more expensive this year amid a weakening of the dollar versus sterling. This makes the material more expensive for traditional buyers of scrap...Read More
Continue...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...Read More
Dear Reader,If you're looking for answers as to why the US financial system is the way it is... or have questions about what's coming down the pike in the financial markets, pick up a copy of our bestselling book The Everything Bubble: The End Game For Central Bank Policy on KINDLE today.If you've yet to pick up a copy, grab one now. You'll immediately know more about how the financial system work...Read More
Turkish steel mills have gone through this week with only one booking being made for deep-sea scrap, but they still expect to book further cargoes for February delivery, sources said on Friday January 26.Mills in the country have continued to struggle with weak demand for rebar exports and have been trying to keep their scrap purchases at a slow pace, sources told Metal Bulletin.The mills too...Read More
If anyone thought the latest oil market outlooks of the EIA and the IEA are upbeat, here’s an even more upbeat one from Energy Aspects: The consultancy expects crude demand this year to grow by 1.7 million bpd, and says Brent could touch above $100 a barrel in 2019.According to Energy Aspects, the reason for the further jump in prices will be a drop in new production outside the U.S. shale p...Read More