Gold has big year in 2020 and outlook for this year robust. Learn about monetary expansion and gold future prices.Read More
The gold futures price reached US$1,767/ounce this week before retreating, which was the second time it has surpassed US$1,760 in the past two months, marking some of gold's highest levels in several years.Read More
The history of the internet is a fascinating one. But it's the future of the internet - one potentially powered by a new $2 trillion Biden administration infrastructure bill - that's going to benefit us in incredible ways and potentially mint new investing millionaires too.Originally, our information superhighway was launched by DARPA researchers at the Massachusetts Institute of Technology (MIT)...Read More
We spoke with John Darch, who is Chairman and Director, and Ken Macleod, who is President and CEO, of Sonoro Gold Corp. (TSXV: SGO, OTCQB: SMOFF, FRA: 23SP) a near-term gold producer, with exploration and development properties in the mining-friendly jurisdiction of Sonora, Mexico. The Company plans to develop a heap leach pilot operation (HLPO) at its flagship property, the Cerro Caliche gold pro...Read More
Legend Mining Limited (ASX: LEG) is an Australian exploration company, focused on its nickel-copper Rockford Project in the Fraser Range, Western Australia, with its Joint Venture partners and major shareholders Creasy Group and IGO Limited. We learned from Mark Wilson, Managing Director of Legend Mining, that the exploration results to date have highlighted seven priority prospects, including mag...Read More
European buyers of steel coil are encountering difficulties obtaining credit insurance and opening credit lines for purchases because of the rapid price rises and extended lead times in recent months, sources told Fastmarkets this week.Market participants said the situation was limiting the ability of buyers to acquire required volumes, despite strong demand from both distributors and end consumer...Read More
Domestic prices for hot-rolled coil (HRC) in Europe continued to rise on Friday April 23, due to a persistent shortage of locally produced material, limited and costly overseas alternatives and strong demand, sources told Fastmarkets.Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe at ?,?971.25 ($1,168.26) per tonne on April 23, up by ?,?6.25 per tonne fr...Read More
Import prices for steel hot-rolled coil in the key Vietnamese market increased greatly in the week to Friday April 23 amid strong demand from buyers and continual rises in offers from Indian steel mills, market participants have told Fastmarkets.Indian steel mills raised their offers at least once during the week, to $960-980 per tonne cfr Vietnam from an initial $950-955 per tonne cfr Vietnam. Th...Read More
Indian secondary billet prices fell by 1,600 rupees ($21) per tonne during the week to Friday April 23 on subdued demand from finished product makers, market sources said."There is a shortage of industrial oxygen all over the country because oxygen is being prioritized for medical use [for treatment of Covid-19]," an official from an integrated billet mill told Fastmarkets. Read More
A Polish subsidiary of US steelmaker Commercial Metals Company (CMC) is likely to commission a new wire rod mill in the second quarter 2021, several sources told Fastmarkets on April 23.Sources that spoke to Fastmarkets expect CMC's long products facility in Zawiercie, Poland to commission a new 200,000-tonne-per-year capacity wire rod facility during the second quarter of 2021."CMC Zawierice will...Read More
The domestic steel rebar market in Poland was broadly stable over the week to Friday April 23, despite local steelmakers' attempts to increase prices, Fastmarkets heard.All local rebar producers were reported to have sold out of their April-rolling rebar, market participants told Fastmarkets. Celsa Huta Ostrowiec was said to have almost finished May-rolling bookings and tested the market with fres...Read More
Global steel scrap markets began to revive with growing downstream demand for finished steel in the week to Friday April 23. But regional prices diverged over the period, with Turkish buyers securing scrap at lower levels while Asian importers had to contend with price increases.Mills in Turkey secured cheaper European scrap to feed increased rebar exportsUnited States sales were on hold, with exp...Read More
Pig iron export prices from Brazil increased further during the week to Friday April 23 with demand both in the United States and in the local market.Fastmarkets' price assessment for pig iron, export, fob port of Vitoria/Rio, Brazil, was $540-545 per tonne on Friday, widening upward from $540 per tonne the previous week.Read More
No deals were heard to have taken place in the Turkish scrap import market on Friday April 23, with activity quiet because of the Children's Day public holiday in Turkey.A third booking from Wednesday came to light on Friday, however, which resulted in Fastmarkets' indices edging down slightly.A steel mill in the Iskenderun region booked a Baltic Sea cargo consisting of 22,000 tonnes of HMS 1&2 (8...Read More
Bitcoin's been wobbly... Does it point to a drop in stocks? According to Harry, the answer is yes! Harry explores this topic in light of out-of-control government stimulus... and imminent new taxes. A massive crash is coming, and likely soon. Harry also highlights forensic accountant, author, and professional investor John Del Vecchio.This is a crucial time. Stay informed and subscribe to Harry's...Read More
"There's no connection between inflation and bitcoin," Nassim Taleb, author of "Black Swan," told CNBC's "Squawk Box" team. "The best strategy for investors is to own things that produce yields in the future. In other words, you can fall back on real dollars coming out of the company."Nassim Taleb spent 20 years as a derivatives trader and, after closing 650,000 option transactions and examining 2...Read More
Join Ted Oakley's interview with Jesse Felder as they discuss stocks, inflation, interest rates, gold, and more.Jesse Felder is a former hedge fund manager and founder of The Felder Report.Read More
...asks the used car salesman trying to sell you a ten-year old clunker for $16,000.We begin with a brief review of the fraudulent posturing coming from the Federal Reserve, which is trying to convince us there is nothing wrong with the continued voluminous flows of funny money to prop up collapsing valuations of worthless financial instruments. LaRouche's famous Triple Curve Collapse Function ins...Read More
In conversation with Paul Brodsky, managing partner at PostModern Partners.James "Jim" Grant is an American writer and publisher and the founder of Grant's Interest Rate Observer, a twice-monthly journal of the financial markets. He is the author , most recently, of The Forgotten Depression: 1921: The Crash That Cured Itself. Grant's television appearances include "60 Minutes," "The Charlie Rose S...Read More
*If you are offended by profanity, do not click the play buttonMark Spiegel of Stanphyl Capital talks Tesla, bitcoin and the macro environment.Read More
Coinbase already in a bear market within a week of its IPO.GBTC selling at a record discount.Bitcoin dump is underway.Biden readies massive federal tax increase on capital gains.Rich gringos are benefiting Puerto Rico.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 Strategi...Read More
A popular social media influencer shared a private message she was sent offering a cash payment if she promoted the COVID-19 vaccine to her followers.Continue...Read More