Craig Hemke believes that the Fed will be forced to cut rates at the next meeting on June 18-19. The yield curve has become inverted which is almost always a precursor to recession. Is the economy actually weakening? It only takes two consecutive quarters of negative growth to make a recession. The Fed has run out of choices. Let's see what happens next.Known primarily by his nickname "Turd Fergus...Read More
Links to slides and sources: https://www.itmtrading.com/blog/db-da...According to the DB Q1 2019 Financial Report, leverage at Deutsche has expanded in the first quarter of 2019 and officially, they hold 3.9 Euro's of equity for every 100 Euro's of debt, so if the value of their holding drops just 4%, they are insolvent. Something that has occurred in recent years past. Because the global banks ar...Read More
Lies, lies and more lies. You're constantly being lied and there seems to be little appetite for the truth. More and more money gets printed up, the debt goes ever higher and yet nothing seems to happen. Chris believes that the US is immersed in a propaganda bubble, but outside the country he thinks they're a bit more open. But everyone knows there's more than enough propaganda to go around. Under...Read More
It's no secret that silver has been in the dumps for 8 years now. But David Morgan and myself are undeterred. The fiscal irresponsibility, profligate spending, dire world economics and so much more, leads one to the conclusion that an insurance policy is necessary. And precious metals always have been exactly that. And select miners are truly killing it. But it's going to take a catalyst to send p...Read More
Click here for full transcript: http://financialrepressionauthority.c...Yra Harris is a trader with over 32 years of experience in all areas of commodity trading, with broad expertise in cash currency markets. He has a proven track record of successful trading through combination of technical work and fundamental analysis of global trends; historically based analysis on global hot money flows. He...Read More
Seaborne iron ore prices dipped on Thursday May 30 following losses in the futures and steel markets, and amid concerns over narrower profit margins at Chinese steelmakers.MB 62% Fe Iron Ore Index: $103.87 per tonne cfr Qingdao, down by $2.31 per tonne.MB 62% Fe Pilbara Blend Fines Index: $102.35 per tonne cfr Qingdao, down by $2.31 per tonne.MB 62% Fe Iron Ore Index-Low Alumina: $107.66 per tonne...Read More
"The First Amendment to the United States Constitution did not protect conduct of a minor who distributed a digital video file of herself engaged as a subject in consensual sexual conduct," wrote the court.Continue...Read More
Jailed Wikileaks publisher Julian Assange is reportedly "too ill" to even speak at a scheduled extradition hearing today. He is said to Continue...Read More
One of the lessons of the past few decades' boom/bust cycles is that each financial bubble emerges in a different asset class. In the 1970s it was precious metals, in theContinue...Read More
Long maturity US Treasury price action today was consistent with a blowoff momentum top. I suspect buyer's remorse will set in fairly soon.Continue...Read More
Danielle DiMartino Booth spent nine years as an advisor to Richard W. Fisher at the Federal Reserve Bank of Dallas. Danielle left the Fed in 2015 to found Money Strong, LLC, an economic consulting firm and launched a weekly economic newsletter She is the author of Fed Up: An Insider's Take on Why the Federal Reserve is Bad for America. DiMartino Booth began her career in New York at Donaldson, Luf...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
UnitedHealth, Pfizer, Travelers Companies, Merck and McDonald's are the only winners in the month of May in the entire Dow 30 Continue...Read More
Russia, Russia, Russia! That's all you heard at the beginning of this Witch Hunt Hoax...And now Russia has disappeared because I had nothing to do with Russia helping Continue...Read More
"The public should be aware of the impact of energy drinks on their body, especially if they have other underlying health conditions," Continue...Read More
For years, gold bulls had speculated that China has been quietly piling up physical gold, awaiting the moment to unveilContinue...Read More
Central banks around the globe have been on a gold buying spree this year, with Russia and China leading the pack.In the first three months of 2019, gold purchases by the country's top banks hit the highest level in six years, as nations diversify their assets away from the US dollar.Global gold reserves, in fact, rose 145.5 tonnes in the first quarter, a 68% increase from a year earlier, based on...Read More
Steel billet prices for imports into Egypt have increased this week on higher offers, while domestic rebar prices have remained unchanged, Fastmarkets heard on Thursday May 30.Fastmarkets' weekly price assessment for steel billet imported into Egypt was $450-455 per tonne cfr on Thursday, unchanged week-on-week.Egypt imposed temporary import duties on steel billet and rebar on April 15, at a rate...Read More
Shares in Ecuador-focused SolGold (LON, TSX:SOLG) took a hit on Thursday, following media reports of a potential referendum on mining in Imbabura, the province in which its flagship Cascabel copper-gold project is located.The company's stock dropped more than 28% in London to 24.26 pence in early morning, but recovered in the afternoon to close at 32p, leaving its market cap at almost 589m pou...Read More
Frank Giustra-backed Fiore Gold (TSXV: F) will invest $2 million on metallurgical test work and resource expansion drilling at its Gold Rock project in Nevada.In a press release, Fiore said that the work is aimed at supporting a Preliminary Economic Assessment targeted for the end of the year, which should lead to a construction decision by mid-2021.The company is planning approximately 10,000 met...Read More