Steel billet import prices in Egypt have fallen slightly over the past week amid poor demand, while domestic rebar prices were unchanged despite expectations of lower values, sources said on Thursday November 15.Fastmarkets' weekly price assessment for steel billet imported into Egypt was $480-485 per tonne cfr on Thursday, narrowing downward from $480-490 per tonne cfr last week.Billet producers...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
"We're in the late stages - maybe the seventh or eight inning - of the business cycle."Ray Dalio is an American businessman and founder of the investment firm Bridgewater Associates, one of the world's largest hedge funds. In 2012, Dalio appeared on the annual Time 100 list of the 100 most influential people in the world. In 2011 and 2012 he was listed by Bloomberg Markets as one of the 50 Most In...Read More
Max interviews Mish Shedlock of MishTalk.com about both tech stocks and oil prices plunging and what they could be telling us about the true state of the economy. They also talk about the credit cycle turning and the impact rising rates will have on a debt-laden global financial system.Max Keiser is an American broadcaster and film-maker. He hosts Keiser Report, a financial program broadcast on RT...Read More
Very Negative Technical Action - We had another roller coaster ride in the stock market today, with the Dow Jones ending down about 200 points, but that was well off the lows of the day. I think we were down about 350 points, or close to it, at the lows. But, more interesting, we were up over 200 points earlier this morning. So this is very negative technical action, when you have these rallies an...Read More
Rob Kirby of Kirby Analytics sees extreme risks ahead for the financial markets via a shattered US accounting system and $21 trillion dollars (size of US National Debt) in missing government funds, possibly held by the exchange stabilization fund (plunge protection team). One likely use for the missing funds could involve the purchase of new US Bond issuance's, given that few foreign purchases of...Read More
"Desks that use quotes from a high proportion of women also feature more women in their pictures, and their articles are well read by women," Continue...Read More
"Because the nation has tended to focus its attention only on direct military spending, we have often discounted the larger budgetary costs of the post-9/11 wars, and therefore Continue...Read More
Endeavour Mining (TSX: EDV; US-OTC: EDVMF) has increased the Kari Pump indicated resource at its Hounde gold mine in Burkina Faso by 40% at a $9 per oz. gold discovery cost. Kari Pump is located 7 km west of the Hounde mine processing plant.The company has now upgraded 90% of its Kari Pump resource to the indicated category. The deposit contains 11.3 million indicated tonnes grading 2.71 grams go...Read More
Sandstorm Gold Royalties (TSX: SSL) shares jumped 5 % today, after the company announced the board of directors approved the purchase of up to 18.3 million of its common shares between now and the end of 2019, subject to TSX approval.The 18.3 million shares represent approximately 10% of Sandstorm's current shares outstanding, and the company stated its current intention is to complete the entire...Read More
I've warned for years, and with increasing frequency of late, that the first crash when a major stock bubble of this magnitude finally tops is 42% in the first 2.6 months.Continue...Read More
Mineworx Technologies Ltd. (MWX:TSX.V; MWXRF:OTCQB) announced it received a patent for its Mineworx HM X-tract modular process for mining gold. U.S. Patent Number 10/124,345 was granted by the United States Patent and Trademark Office.The company develops and sells nontoxic, precious metals extraction solutions for the mining and e-waste industries."The new technology allows us to deploy rapidl...Read More
Continue...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,...Read More
Wheaton Precious Metals' (TSX: WPM NYSE: WPM) shares dropped 4.4% on Thursday, after the company announced its Q3 results. Headquartered in Vancouver, Canada, Wheaton is the world's largest precious metals streaming company.Adjusted net earnings were $35 million, a steep 49% drop from $67 million in net earnings last year. Revenue fell 8.5% in the same quarter of 2017.The company reported silver p...Read More
What do you do if you're a family that owns significant gold mineralisation, and you're seeking commercial support to extract the full potential? Well, in the case of the Williams family, you turn to the expertise of PVW Resources to join forces.Gold rushes and gold prospecting are part of Australia's rich history, and provide some of the most iconic and enduring images of the country's past. The...Read More
The draft deal of Prime Minister May smells really bad. It is clear that politicians are clueless about trade and the U.K. remaining within the (EU) customs union Continue...Read More
Nov 15 (Reuters) - Hedge fund Paulson & Co on Thursday called for the immediate resignation of Detour Gold Corp's interim Chief Executive Officer Michael Kenyon and board member Alex Morrison, adding it does not favor a fire sale of the gold miner.Paulson said under Kenyon the company "unsuccessfully tried to boost short-term performance" including "questionably running up its accounts payable t...Read More
Vancouver-based Silver Range Resources (TSX-V:SNG) announced today that it has optioned its Gold Chief property in Nevada to CrocanCapital Corp.Crocan is interested in acquiring a 100% interest in the project. To do so, the firm would have to provide aggregate cash payments of $160,000 and aggregate issuances of 650,000 Crocan shares by November 2, 2021.Under the terms of the agreement, Silver Ran...Read More
Wendy Battleson, co-founder and principal of Art Strategy Partners, shares her expertise on the state of the market and its connection with other asset prices.1:48 Banksy's self-destruct button6:10 Guaranteed bids - for a fee11:21 Inflation in Warhol's17:16 The art market; an extension of Wall Street? James "Jim" Grant is an American writer and publisher and the founder of Grant's Interest Rate Ob...Read More