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 financia...Read More
China does not have to boom, all they need do is decline less than that of the west. This Great Reset is the self-destruction of Western society. We have already witnessed the most drastic decline in GDP Continue...Read More
Just as Gov Andrew Cuomo was patronizingly explaining to reporters during Wednesday's press briefing that NYC had not yet reached the 3% positivity-rate threshold to close schoolsContinue...Read More
Rising demand for steel scrap in the Japanese domestic market was inflating export prices for the material, market participants told Fastmarkets on Wednesday November 18.Export deals for Japanese H2 scrap to South Korea were concluded at ?30,500 ($292) per tonne fob late last week, including one transaction for 40,000 tonnes of material.Vietnamese buyers purchased H2 at $328 per tonne cfr late la...Read More
A second memory card with 2,755 votes for Donald Trump has been found in Georgia during an election audit, decreasing Joe Biden's lead once again. The newfound ballots Continue...Read More
Judy Shelton's Fed nomination suffered a massive blow Tuesday as the Senate defeated a motion to limit debate which usually ends the chances of a nomination getting through.Continue...Read More
"That amount of memory would likely prevent the vast majority of people from getting hospitalized disease, severe disease, for many years." Continue...Read More
The 50-day moving average has crossed below the 100-day moving average on the gold chart.Continue...Read More
Traders and investors should now watch the $36.00 area for major chart support. This level is where the stock broke out in June 2020. Continue...Read More
Seaborne iron ore prices were up slightly on Wednesday November 18 after authorities removed emergency pollution controls in the steelmaking hub of Tangshan, sources told Fastmarkets.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $126.34 per tonne, up $0.90 per tonne62% Fe low-alumina fines, cfr Qingdao: $126.58 per tonne, up $0.59 per tonne58% Fe fines high-grade premium, cfr Qingdao: $1...Read More
Iran's export prices for steel billet and slab kept increasing over the week to Wednesday November 18, with several billet export deals heard, Fastmarkets learned.Fastmarkets' weekly price assessment for steel billet, export, fob ports Iran was $430-438 per tonne on Wednesday November 18, against $415-420 per tonne the week before.Several cargoes of billet were reported sold at around $425-430 per...Read More
Outcrop Gold Corp. reported it drilled 3.5 meters of 785 g/t silver equivalent and 1.5 meters of 1,408 g/t silver equivalent at its Santa Ana project in northern Tolima, Colombia. In a news release, Outcrop Gold Corp. (OCG:TSX.V; MRDDF:OTCPK; MRG1:DB) announced "assay results from drilling on its 100% owned Santa Ana project in north Tolima, Colombia." The company noted that it is continuing with...Read More
UrbanGold Minerals aims to extend into its Pallador-Regnault claims the gold system recently discovered on the adjacent property. UrbanGold Minerals Inc. (UGM:TSX.V) will soon commence a maiden drill program at its Pallador-Regnault project in Quebec's Frotet Gold Belt, the company announced in a news release. The precious metals explorer awarded the contract to Miikan Drilling in Quebec and secu...Read More
The market for cargoes of steel billet imported to Southeast Asia expanded again over the past week, with suppliers raising their offers, influenced by higher finished steel prices in China.China's domestic rebar prices jumped to a two-year high on Tuesday thanks to strong construction demand and falling steel stock levels in the country.Chinese traders have slowed down their purchases of ste...Read More
Here are five Fastmarkets stories you might have missed on Wednesday November 18 that are worth another look.China will remove its prohibition on the "processing trade" for 136 steel products from December 1, 2020, the country's Ministry of Commerce (MOC) said last week.Alba chief...Read More
Key data from Fastmarkets' pricing session in Europe on Wednesday November 18.Key drivers The ferro-titanium spot price in Europe increased, marking 13 weeks of persistent increases in line with scrap tightness and renewed demand from consumers in the steel sector.Suppliers reported deals done, or heard, for more than 500 tonnes of standard-grade ferro-titanium for prompt shipment, with a couple o...Read More
The South African chrome ore market dipped in the week ended Tuesday November 17 in response to the availability of ample material in China.Fastmarkets' chrome ore South Africa UG2 concentrates index, basis 42%, cif China, was $134 per tonne on Tuesday, down by $2 per tonne (1.5%) from $136 per tonne a week earlier."The decrease in ferro-chrome tender pricing, coupled with a wave of new offers fro...Read More
Prices for hollow steel sections in Europe remained unchanged over the past week, despite the continuing feedstock shortage, sources told Fastmarkets on Wednesday November 18.Fastmarkets' price assessment for steel sections (medium), domestic, delivered Northern Europe, was ?,?640-660 ($759-783) per tonne on Wednesday, flat week on week.The price of the feedstock material, hot-rolled coil, has mov...Read More
Peter Krauth explains why he believes gold is the best COVID insurance policy. Bailouts and stimulus are not the best solution to the Covid pandemic.What is? Possibly…insurance.I know it's far from perfect, but I think it could still be the best overall option.On some level, it's surprising that the role of insurance has gotten so little attention in this crisis.After all, us and future gen...Read More
Here are five Fastmarkets stories you might have missed on Wednesday November 18 that are worth another look.China will remove its prohibition on the "processing trade" for 136 steel products from December 1, 2020, the country's Ministry of Commerce (MOC) said last week.Alba chief...Read More