European distributors of flat steel products reported a 3.7% year-on-year rise in shipment volumes in September, regional steel industry association Eurometal said on Monday November 9.Over the first nine months of 2020, flat steel distributors' shipments, however, dropped by 16.1% year-on-year.Eurometal did not disclose individual product volumes.Fastmarkets calculated its daily steel hot-rolled...Read More
Domestic steel rebar prices in Russia's Central Federal District around Moscow were broadly stable over the seven days to Monday November 9 in a seasonally slower market, sources have told Fastmarkets.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), domestic, cpt Moscow, Russia, remained at 40,000-41,000 roubles ($516-529) per tonne including 20% VAT on Monday.In US dollar t...Read More
China's domestic rebar prices increased sharply on Monday November 9 to their highest since December 2019 on rising futures. DomesticEastern China (Shanghai): 4,030-4,060 yuan ($609-614) per tonne, up by 140 yuan per tonneStock and commodity markets in China strengthened during the day amid a bigger appetite for higher-risk investments among punters following the outcome to the United States presi...Read More
Steelmakers in Turkey stepped back from deep-sea purchases on Monday November 9, after the value of the Turkish lira increased by just under 4% in one day, sources told Fastmarkets.Turkish steelmakers booked eleven deep-sea cargoes last week.However, the Turkish currency rebounded sharply after the news of the resignation of Turkey's economy minister and the replacement of the central bank go...Read More
Turkish domestic auto bundle scrap prices have edged further upward in line with imported scrap values over the past week, while ship scrap prices were fairly stable, sources said on Monday November 9.Fastmarkets' weekly price assessment for steel scrap, auto bundle scrap, domestic, delivered Turkey, was 2,210-2,455 lira ($259-288) per tonne on Monday, widening upward from 2,210-2,380 lira per ton...Read More
Iron ore prices increased in both the futures and seaborne markets on Monday November 9, sources told Fastmarkets, supported by rising steel prices and despite stronger sintering restrictions in China's steelmaking hub of Tangshan. Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $121.75 per tonne, up $3.95 per tonne62% Fe low-alumina fines, cfr Qingdao: $122.25 per tonne, up $4.2...Read More
John Rubino is the founder and manager of the popular financial website DollarCollapse.com. Mr. Rubino is the co-author, with GoldMoney's James Turk, of The Money Bubble and The Collapse of the Dollar and How to Profit from It. He spent the 1980's on Wall Street as a Eurodollar trader, equity analyst and junk bond analyst. During the 1990's he was a featured columnist with TheStreet.com and a freq...Read More
Rick Rule, founder and chairman of Sprott Global Resource Investments Ltd., began his career in the securities business in 1974. He is a leading American retail broker specializing in mining, energy, water utilities, forest products and agriculture. His company has built a national reputation on taking advantage of global opportunities in the oil and gas, mining, alternative energy, agriculture, f...Read More
The markets are euphoric over news that a new Pfizer vaccine might have 90 percent effectiveness. Meanwhile, Joe Biden has doubled down on his threat to instill a nationwide mask mandate if he prevails in the ongoing election dispute. Even as Biden assembles his transition team, serious doubts continue to persist on the accuracy of the November 3rd vote. Will Trump get traction with his swing stat...Read More
Time Stamps00:15 Grant's Investment Conference at the time of COVID02:00 Modern Monetary Theory and how it fits into the real world09:33 Austrian School of Economics vs Keynesian12:30 The curious case of the Depression of 1920-192116:35 Where does this end?21:46 COVID and the Gravity of the problem28:25 Jim's childhood and youth: Navy and College36:45 Career in journalism39:40 Starting Grant's Int...Read More
Join host Mark Yaxley as he interviews 36 year old self-made millionaire investor Lior Gantz, founder of the Wealth Research Group. Lior shares his investment philosophy and comments on the history, as well as the future of the markets, including precious metals, stocks and the US Dollar.Lior Gantz has been called a thrill-seeking entrepreneur by his team, and as such, he built and runs numerous s...Read More
David Erfle of JuniorMinerJunky.com walks through the entire decision making process of picking a gold stock, looking at company management, jurisdictional risk, deposits, and financial statements. In this tutorial, Erfle uses Probe Metals (PRB.V), a gold exploration company, as an example. 0:00 - Probe Metals3:40 - First things to analyze5:17 - Management9:56 - Jurisdictional risk13:35 - Quality...Read More
Viewer Submitted Questions:Kathleen Wildey - What are income producing assets that you can convert when you retire?Adam Richie - Who is going to be buying all this gold and silver when there's no food to eat???? 3:20P S - how many ounces of silver would anyone venture to speculate one would need to pay off a $100,000 mortgage during the reset? 6:18Jean Path - Does anyone know what a hard wallet is...Read More
An uptrend in the finished flat steel products sector, both in some customers' markets and in the CIS region itself, has resulted in higher merchant slab prices from CIS mills, Fastmarkets learned on Monday November 9.Last week, Turkish mills were heard offering hot-rolled coil to foreign customers at $550-560 per tonne fob, up from $520-530 per tonne fob in late October. Turkish sources noted tha...Read More
Corporate money in politics is just as grave a threat to democracy in our country. If Biden fails to address that early on in his presidencyContinue...Read More
NOW is that crossroads where we begin to see the transition from deflation to inflation. It will only get worse as the Democrats try to impose their drastic structural changes and move Continue...Read More
What do you get when Robert and Kim Kiyosaki are joined in-studio by George Gammon? An incredible episode of The Rich Dad Radio Show.The Presidential election in the United States and COVID-19 lockdowns have brought anxiety about the world's social and economic prospects to an all-time high. As discussed in this interview, there is good reason to worry. Many experts, including today's guest, sugge...Read More
Nicholas Santiago started trading in 1991. In 1997, he became a licensed Series 7 and 63 registered representative. He successfully managed money for a large, affluent private client group. Nick is an expert in Technical Analysis. He is a highly regarded and accomplished technician in the studies of Elliot Wave, Gann Theory, Dow Theory and Cycle Theory. After applying his knowledge to his client b...Read More
Sen. McConnell said Monday that Trump has every right not to accept the final results based on little more than media reports, and that President Trump is within his right to requestContinue...Read More
Amid all of the election ramifications and discussions, Donald Trump Jr. outlined a thought today that has likely been on the mind of many, myself included.Continue...Read More