Canada Rare Earth Corp. (TSX.V: LL) is developing an integrated business, within the global rare earth industry. Each year $3 billion of rare earths are critically incorporated into $7 billion of high-tech and green tech products including electric vehicles, computers and military equipment. One country dominants supply (80% of global supply) and many countries and major companies are looking to d...Read More
Domestic prices for steel hot-rolled coil increased again across Europe in the week to Friday November 20, due to tight supply from both domestic and overseas suppliers.Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe, at ?,?541.25 ($641.66) per tonne on Friday, up by ?,?16.15 per tonne week on week and by ?,?44.75 per tonne month on month.Friday's index...Read More
European steel association Eurofer has filed a request to the European Commission to extend safeguard measures beyond their original expiration date of June 30, 2021, Yuriy Rudyuk, partner at Brussels-based law firm Van Bael & Bellis, said during a Steel Trade Day webinar on November 20. Eurofer filed a complaint on November 3, 2020, according to Rudyuk. The EC opened an investigation in late Marc...Read More
Here are five Fastmarkets stories you might have missed on Monday November 23 that are worth another look.European steel association Eurofer has filed a request to the European Commission to extend safeguard measures beyond their original expiration date of June 30, 2021, Yuriy Rudyuk, partner at Brussels-based law firm Van...Read More
Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. Last week, the INK CIN kept up its torrid pace rising 35.5 points, or 3%, to finish at 1205.15. Indeed, over the last 3 weeks, the Index has jumped nearly 150 points or 14%.Our short-term momentum indicator, RSI, climbed to 74.82 making a multi-month high and is overbought. The long-term...Read More
Cold-heading quality (CHQ) and high-carbon wire rod prices in the United States rose on Friday November 20 amid higher scrap prices and increased demand. Fastmarkets' monthly assessment for steel wire rod (high carbon), fob mill US rose by 2.8% to $37.25 per hundredweight ($745 per short ton) on Friday November 20 from $36.25 per cwt previously, where the price had remained since September 18.Fast...Read More
European steel association Eurofer has filed a request to the European Commission to extend safeguard measures beyond their original expiration date of June 30, 2021, Yuriy Rudyuk, partner at Brussels-based law firm Van Bael & Bellis, said during a Steel Trade Day webinar on November 20. Eurofer filed a complaint on November 3, 2020, according to Rudyuk. The EC opened an investigation in late Marc...Read More
Turkish domestic scrap prices have continued to increase over the past week in line with the rise in imported scrap values, sources said on Monday November 23.Fastmarkets' weekly price assessment for steel scrap, auto bundle scrap, domestic, delivered Turkey, was 2,250-2,545 lira ($293-332) per tonne on Monday, up from the 2,230-2,455 lira per tonne of last week.The movement came after steel mills...Read More
Turkish steel mills continued to book deep-sea scrap cargoes at the beginning week at slightly higher prices, sources said on Monday November 23.A steel mill in the Marmara region booked a European cargo, comprising 25,000 tonnes of HMS 1&2 (75:25) 10,000 tonnes of shredded and 5,000 tonnes of bonus, at an average price of $332.50 per tonne cfr.This fresh transaction, led to another slight...Read More
Steel billet producers in the Commonwealth of Independent States (CIS) were looking for higher prices again on Monday November 23, citing a surge in scrap costs and a strong international long steel market.But trading was quiet because buyers were not able to keep up with the rocketing offer prices, Fastmarkets heard.Offers for steel billet from Russian and Ukrainian mills were heard within the ra...Read More
Gregory Mannarino started his career working for the securities and trading arm of the now defunct Bear Stearns before the dot-com bubble. After realizing that working on Wall Street was not like the movies, he moved on to get a medical degree and practiced medicine as a Physician Assistant. He also served in the United States Naval Reserve Medical Service Corps, having attained the rank of Lieute...Read More
Jim Rogers co-founded the Quantum Fund with George Soros in 1973, helping to steer the fund to a 4200% return before "retiring" at age 37. He is considered to be one of the greatest investors of all time. Rogers has made two record-setting journeys - once by motorcycle and once by car - and is in the Guinness Book of World Records for doing so. In between his frequent travels, he has served as a p...Read More
In 2020, Warren Buffett's Berkshire Hathaway bought a top gold stock.* In Q2 2020, Ray Dalio's hedge fund bought $400 billion in gold.** Institutional investors are moving into gold and 2020 "gold is becoming mainstream again," says Ronni St??ferle.Will the U.S. see inflation or deflation? Ronni says the economy on the surface looks good, but the underlying situation is dire. We are already seeing...Read More
Despite what you've heard in the media over the last 20 plus years, even during the Trump administration, the U.S. economy has been in decline, and it's going to get worse. In fact, since 1995, the government has been artificially deflating the CPI to keep figures as low as possible. The CPI you see published today no longer represents the real out of pocket expenditures incurred by most Americans...Read More
Jim Bianco is President and Macro Strategist at Bianco Research, L.L.C. Since 1990 Jim's commentaries have offered a unique perspective on the global economy and financial markets. Unencumbered by the biases of traditional Wall Street research, Jim has built a decades long reputation for objective, incisive commentary that challenges consensus thinking. In nearly 20 years at Bianco Research, Jim's...Read More
For Part 1 of this interview, CLICK HEREJim says there is a "hot war" between the White Hats at the NSA and the Deep State, and you won't believe who Jim says the good guys may have just taken out...Part II begins with Jim giving some background on the Supreme Court, and Jim speculates how the court may have become compromised. Why does this matter? Because Jim says there will be pressure on the S...Read More
Mohamed El-Erian, chief economic advisor at Allianz and president of Queens' College, Cambridge, joins "Squawk Box" to discuss what the latest positive vaccine data means for markets and how the recent coronavirus outbreak is affecting the global economy.Mohamed El-Erian is the Chief Economic Adviser of Allianz, a multinational financial services company. He is the former CEO and co-Chief Investme...Read More
"We need to further harmonize policies and standards and establish 'fast tracks' to facilitate the orderly flow of people," he says. "[We] hope more countries would participate."Continue...Read More
"That's assault" one of the women said after it happened."I breathed on you," Deskins replied.Continue...Read More
The short-term momentum for gold is skewed to the downside, and Chris Vermeulen, chief market strategist said that a support level of $1,800 could be tested before the next 'big move' upwards begins. However, if prices continue to trend below $1,800 an ounce, gold could fall all the way to $1,600.0:00 - Vaccine news impact on gold5:00 - Equities8:30 - Gold: support levels and long-term forecast16:...Read More