I don't often get into a row with my readers.Most of the time, we're in lockstep together when it comes to the U.S. energy sector.Together, we've uncovered the most lucrative energy investments simply by recognizing a situation long before it bears fruit.I know my veteran readers will remember us discussing the potentially wild profits from tight oil resources in the lower 48 states years before t...Read More
Here are five Fastmarkets stories you might have missed on Thursday April 29 that are worth another look.Major Indian steelmaker JSW Steel is reducing steel production to ensure that sufficient oxygen is sent from its plants to the healthcare sector to help combat the surge in Covid-19 cases in...Read More
ArcelorMittal has again increased its official offer prices for all steel coil products in Northern Europe by ?,?20-50 ($24-60) per tonne, sources told Fastmarkets on Thursday April 29.The steelmaker had already increased its offers three times in April.With this latest increase, offer prices for hot-rolled coil reached ?,?1,020 ($1.233) per tonne ex-works, up by ?,?20 per tonne from the most rece...Read More
Fastmarkets' weekly price assessments for the CIS export steel market will not be published on May 3 or 4 because of recent changes to the public holiday schedule in Ukraine. Instead, the prices will be published on May 5.The prices affected will be:MB-STE-0012 Steel cold-rolled coil, export, fob Black Sea, CIS, $ per tonneMB-STE-0013 Steel heavy plate, 8-50mm, export, fob Black Sea, CIS, $ per to...Read More
Fastmarkets' weekly price assessments for the CIS export steel market will not be published on May 3 or 4 because of recent changes to the public holiday schedule in Ukraine. Instead, the prices will be published on May 5.The prices affected will be:MB-STE-0012 Steel cold-rolled coil, export, fob Black Sea, CIS, $ per tonneMB-STE-0013 Steel heavy plate, 8-50mm, export, fob Black Sea, CIS, $ per to...Read More
Demand for steel rebar in Egypt should increase soon after the new construction regulations come into effect on May 1, sources told Fastmarkets on Thursday April 29.The Egyptian Ministry of Local Development announced that it will allow new building permits from May 1 onward, sources told Fastmarkets.The permits will be provided until June 30 as part of a trial period and after the trial, the mini...Read More
Long steel prices in the Turkish domestic market have increased in line with a slight recovery in demand, market sources said on Thursday April 29.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), domestic, exw Turkey, was 6,000-6,100 lira ($730-742) per tonne on Thursday, narrowing upward from last week's 5,950-6,100 lira per tonne.The domestic rebar price in the Istanbul re...Read More
Turkish steelmakers took a break from deep-sea scrap purchases to monitor conditions in the finished steel markets on Thursday April 29, ahead of a 17-day coronavirus lockdown, sources told Fastmarkets.The most recent deep-sea trade was recorded on Wednesday April 28, when a steel mill in northern Turkey was heard booking 22,000 tonnes of HMS 1&2 (80:20) from the Baltic Sea at $432 per tonne cfr.T...Read More
Nobel laureate Robert Shiller, Yale University professor of economics, discusses the factors behind the soaring U.S. housing market on "Bloomberg Markets: The Close."Robert Shiller is an American economist, academic, and best-selling author. He currently serves as a Sterling Professor of Economics at Yale University and is a fellow at the Yale School of Management's International Center for Financ...Read More
00:00?EUR< Introduction01:31?EUR< Beware of the 'Break the COMEX' hype train06:49?EUR< May Day silver massacre10:21?EUR< Silver squeeze 2.014:14?EUR< "Tamp down" silver by CFTC?18:45?EUR< Inflation creep coming22:22?EUR< Powell's toolbox, will it help?24:17?EUR< Yield curve control the last tool25:45?EUR< The Fed is backed into a cornerKnown primarily by his nickname "Turd Ferguson," Craig Hemke i...Read More
On April 21, Russian President Putin warned that certain "red lines" are being crossed by actions of western forces, which threaten Russia's security and sovereignty. If this continues, it will force Russia to respond in an "asymmetrical, swift and tough" way. Yet, as he stated, as such hostile actions toward Russia have become commonplace, "Everyone pretends nothing is happening." Fortunately, th...Read More
"$50 silver has a magnet on it," says Steve Penny of http://SilverChartist.com?EUR<. 0:51?EUR< Gold resistance levels1:48?EUR< Gold rally2:45?EUR< Gold's downside potential3:26?EUR< Gold's fundamentals5:23?EUR< Inflation6:45?EUR< Silver forecast7:40?EUR< $50+ silver8:20?EUR< Silver cup & handle9:44?EUR< Silver's fundamental value12:03?EUR< Mining sector12:50?EUR< Copper14:18?EUR< #SilverSqueeze?EU...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
"Rather than having them confiscate your guns, rather than having them confiscate your gold & silver... what they have learned is that they can steal from you indirectly, and it's extremely popular."- Rick RuleRick Rule, CEO of Rule Media, returns to Liberty and Finance to announce the virtual webinar "Robinhood, Reddit, and The Rise of the Retail Investor," and to answer your questions on preciou...Read More
Danielle DiMartino Booth is CEO & Chief Strategist for Quill Intelligence LLC, a research and analytics firm. She 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...Read More
Sentiment in China's imported ferrous scrap market turned bullish on Thursday April 29, after the country's Ministry of Finance officially announced that the new tax regime for ferrous raw materials would start on Saturday May 1.According to the document published by the Ministry of Finance, there will be no import tariffs for steelmaking raw materials such as recycled steel, pig iron, crude steel...Read More
"I was doing what my job description says, which is to preach the gospel in open air as well as in a church building," he added.Continue...Read More
Oklahoma is now a Second Amendment Sanctuary state after Governor Kevin Stitt signed Senate Bill 631 into law this morning.Continue...Read More
Harry Dent provides a prescient analysis of the current state of U.S. and global economies, markets, and demographics and how you can source opportunities while protecting current investments during times of crisis.Harry Dent is a Fortune 100 consultant, new venture investor, noted speaker, bestselling author, and the founder and senior editor at Dent Research, where he dedicates himself to identi...Read More
Daniel Lacalle, PhD, economist and fund manager, is the author of the bestselling books Freedom or Equality (2020) and Escape from the Central Bank Trap (2017). He is a professor of global economy at IE Business School in Madrid and Chief Economist at Tressis SV. Ranked as one of the top twenty most influential economists in the world in 2016 and 2017 by Richtopia, he holds the CIIA financial an...Read More