Physical iron ore prices were range-bound on Thursday April 4 after spikes earlier in the week, with China entering a long weekend from Friday to Sunday for the Tomb Sweeping Festival.MB 62% Fe Iron Ore Index: $92.90 per tonne cfr Qingdao, down by $0.18 per tonne.MB 62% Fe Pilbara Blend Fines Index: $92.02 per tonne cfr Qingdao, down by $0.18 per tonne.MB 62% Fe Iron Ore Index-Low Alumina: $95.53...Read More
By: Dave KranzlerThe stock market has been rising relentlessly since Christmas, riding on a crest of increasingly bearish economic reports. Maybe the hedge fund algos are anticipating that the Fed will soon start cutting rates. Data indicates foreigners and retail investors are pulling cash from U.S. stocks. This for me implies that the market is being pushed higher by hedge fund computer algos...Read More
By: IRA EPSTEINRead More
Export prices for CIS-origin billet dipped on Tuesday April 4, due to limited trading activity in outlet markets, sources told Fastmarkets. Fastmarkets' daily CIS export billet index was $442 per tonne fob Black Sea on April 4, down by $3 per tonne.CIS mills have been...Read More
The Turkish billet import market was very quiet this week, with demand for imported material still soft and the export and domestic markets also slow, sources said on Thursday April 4.The suppliers in the CIS region decreased their offers to $455-465 per tonne cfr because of the poor demand and weakening scrap prices.Fastmarkets' daily index for Northern Europe-origin HMS 1&2 (80:20) scrap, the fe...Read More
Jordan Roy-Byrne, Founder of The Daily Gold takes a look outside just the metals charts to assess the future moves in the metals sectors. We look at the recent moves of metals compared to the US markets. Also some of the recent data out of China and rebound in emerging markets is further drawing people away from the metals sector.Jordan Roy-Byrne, CMT is a Chartered Market Technician and member of...Read More
Jeff Berwick is the founder of The Dollar Vigilante, CEO of TDV Media & Services and host of the popular video podcast, Anarchast. Jeff is known to be an anarcho-capitalist activist and has written extensively about the impending collapse of the US dollar-based financial system.Read More
In this episode of the Keiser Report, Max and Stacy discuss the money supply increasing at the same pace as the S&P 500 stock market rally. Could they have anything to do with each other? Hmmmm. We wonder. They also discuss the rapidly increasing rents causing voters to demand action from candidates when, perhaps, the only problem is the central banks printing money for their member banks. In the...Read More
"I'm grateful for her support and for her kindness in this process and am very much looking forward to our new relationship as friends and co-parents," Continue...Read More
One of the most ruthless and unconstitutional powers federal judges have is to throw people into contempt until they break. The press NEVER reports the truth about the Continue...Read More
Since last November I've been forecasting that we are likely moving into another Dark Window of spectacular gains before a big crash in early 2020.Continue...Read More
Bitcoin just broke $5000 today. Is this the start of something major or another fake rally? Ken is of the opinion that it could be the start of the next Bitcoin upward move. After all, it's competition to government backed currencies and competition is good for everyone, right? Let's see where it goes.Read More
The steel billet import price narrowed down in Egypt in the week ended on Thursday April 4, while demand remained weak and the Egypt Ministry of Trade and Industry started a safeguard investigation into billet imports, Fastmarkets heard.Fastmarkets' weekly price assessment for steel billet imported into Egypt was $460-470 per tonne cfr on Thursday, narrowing downward from $460-480 per tonne cfr la...Read More
"It's almost beyond belief, but this is the truth."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 Th...Read More
Former Vice President Joe Biden has released a video statement telling the American people that the accusations he is now facing of touching women in Continue...Read More
Jeff Clark has long experience in precious metals. As we all know, when it comes to the economy, things are never as they appear to be. Just like in 2008-09, the government was telling us that everything was okay and there was nothing to be worried about. It was just a small problem with sub-prime mortgages and it wouldn't affect the economy at-large. But they were very wrong and it cost people de...Read More
Jeff Clark knows the world of gold. Growing up in a mining family, he learned the best practices of investing in physical precious metals long ago. So when it came time for him to store his own gold at home, he knew exactly how to go about it quietly, discreetly, and as safely as possible. He did everything right. And he still got robbed...Michael Maloney is a precious metals investment expert and...Read More
Americas Silver Corp.'s (TSE: USA) stock was up over 23% Thursday, after announcing that Sandstorm Gold Royalties is making a $42.5 million investment in the company to fund the restart of Relief Canyon gold mine, 160 km northeast of Reno. The investment includes a $25 million gold stream and royalty on the Relief Canyon mine when it reopens, a $10 million convertible debenture, and a $7.5 millio...Read More
The outlook has improved for Pretium Resources, (TSE: PVG). The miner's shares climbed nearly 9% Thursday, after announcing "robust economics" and plans to ramp-up production, exploration, and resource numbers at its Brucejack gold-silver mine in British Columbia.The Brucejack mine is increasing throughput to 3,800 tonnes per day, up from 2,700 tonnes per day over the course of the year - a 4...Read More
Not-so-good news about higher costs and capex estimates in an updated prefeasibility study this week for Alacer Gold Corp.'s (TSX: ASR; ASX: AQG) Gediktepe project in Turkey were partly offset by good news of a 117% jump in the project's indicated resource.Gediktepe's Ardich deposit is about six km northeast of Alacer's 80%-owned ????pler open-pit mine and is the company's highest priority develop...Read More