If you ever wondered who, how, or what is keeping metal prices low;
A Whale Is Accumulating Silver Futures
Silver’s recent price performance has been disappointing. Normally, it is almost twice as volatile as gold, so when the gold price rises 11%, as it has since last December, you would expect silver to rise about 20%. Instead it has fallen marginally.
The message for silver investors is seven of the eight largest traders appear to have become complacent. If China is the whale in the market, then discovery could be a very painful process for them. Its unfolding could be dramatic, likely to coincide with the next move upwards in the gold price.
https://www.zerohedge.com/news/2019-...silver-futures
A Long Shadow Creeps over the Economy This Summer
Freight rates have dipped year-over-year for six months straight while loads on the spot market … fell by 50.3% in June year-over-year. Truckers have also continued to warn of a “bloodbath” as they slash their profit expectations and companies file for bankruptcy.“
Zero Hedge
A fifty-percent drop in one year? That’s massive. In economic terms, these reports about the reports are starting to read like a Halloween script.
http://thegreatrecession.info/blog/a...r-the-economy/
Regional Truck Carrier LME "Suddenly & Abruptly" Shuts Doors, Ceases Operations
Less-than-truckload carrier LME has reportedly "suddenly and abruptly" shut down its operations, according to FreightWaves.
The company is a regional carrier based in Minnesota that operated throughout the Midwest. The company had terminals in 30 locations across the U.S. and through interline agreements services all of North America. It also worked with major companies like 3M, John Deere and Toro.
The company reportedly included "over 600 men and women" and has been listed as having 382 power units and 1,228 trailers, with 424 truck drivers.
https://www.zerohedge.com/news/2019-...ses-operations
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