Prices for steel rebar and billet in the United Arab Emirates dropped in the week to Tuesday, June 1, due to uncertainty over long and semi-finished steel values in the global market, sources told Fastmarkets.Global long steel prices feel during the previous week after the Chinese government warned steel producers against high prices.Fastmarkets' weekly price assessment for steel reinforcing bar (...Read More
Commonwealth of Independent States-based (CIS) rebar and wire rod exporters had to revise their prices significantly downward over the assessment week following the drop in prices in the Turkish and Chinese markets, sources said.Stronger state control over speculation in the domestic market in China have sent rebar futures and physical prices down since mid-May. After a proposal from local authori...Read More
The price of steel rebar in Russia's Central Federal District around Moscow was broadly stable in the week to June 1, backed by solid demand from end-users as well as tight availability, sources told Fastmarkets.Severstal was offering June-delivery rebar at 75,000 roubles ($1,022) per tonne, sources said, the same as last week.Several sources said that Tula Steel, another major supplier, was offer...Read More
Here are five Fastmarkets stories you might have missed on Tuesday June 1 that are worth another look.Technology entrepreneur Elon Musk once described the ongoing use of fossil fuels and their generation of a vast carbon footprint as "the dumbest experiment in human history."German carmaker Volkswagen will halt...Read More
Technology entrepreneur Elon Musk once described the ongoing use of fossil fuels and their generation of a vast carbon footprint as "the dumbest experiment in human history."Not everyone will agree with his assessment of the petroleum, gas and coal sectors, which have powered the world's growth for decades. Nonetheless, the twin goals of supply chain security and sustainability are now driving a t...Read More
Turkish steel producers remained quiet in the deep-sea scrap market and instead continued to focus on finished steel, sources told Fastmarkets on Tuesday June 1.The most recent deep-sea trade was done at the end of last week, when a steel mill in the Marmara region booked a US cargo, comprising HMS 1&2 (80:20) at $503 per tonne and shredded scrap at $513 per tonne cfr.The US cargo resulted a furth...Read More
Gold's surge to $1,900 an ounce this past month was due largely in part to U.S. dollar weakness, which itself is a function of fiscal spending from the U.S. government as part of Biden's infrastructure bills. The question is, can dollar weakness continue?0:00 - Dollar weakness4:05 - Trading volume6:20 - Gold vs. dollar8:12 - Gold vs inflation10:42 - Silver13:15 - Copper17:20 - Best metal for 2021G...Read More
"What worries me is the inflation side," Mohamed El-Erian, economic advisor at Allianz and Gramercy and president at Queens College, Cambridge, told CNBC's "Squawk Box" Tuesday. "What I'm seeing suggests it's not simply transitory and the last thing we need is the Fed to slam on the breaks further down the road." Mohamed El-Erian is the Chief Economic Adviser of Allianz, a multinational financial...Read More
With prices rising substantially across just about every sector, the most common questions we've been receiving involve Mike Maloney's theory of a potential short-term deflation before big inflation, or even hyperinflation. Watch today's video update to get his latest thoughts. Download Mike's best-selling book for free here: https://pages.goldsilver.com/freebook Thanks for sharing and clicking th...Read More
0:00 - Gold vs. U.S. dollar5:20 - Gold vs. inflation12:48 - "Why I'm a Gold Bug"15:48 - "Fireworks": inflation, Basel III19:10 - Gold stocksAlthough the year-on-year inflation data may decline in the next consumer price index (CPI) release given how low the base was last year, the month-on-month increase could spike, triggering gold price rally, said Lobo Tiggre of the Independent Speculator. "Wat...Read More
0:00 Introduction0:45 Expecting a good summer for the precious metals9:05 Newest mining stock idea23:53 Updated thoughts on $USAU30:35 Update on HeliostarDave Kranzler is the editor of the Mining Stock Journal and returns to the program to share his big picture view on the markets as well as his newest mining stock pick. Dave holds an MBA from the University of Chicago with a concentration in acco...Read More
Max chats to Michael Pento about the 'everything bubble' and the risk of hyperinflation. Part 1 (part 2 below)Max continues his conversation with Michael Pento about price signals and capital allocation. Part 2Max Keiser is an American broadcaster and film-maker. He hosts Keiser Report, a financial program broadcast on RT. He presents a weekly show about finance and markets on London's Resonance F...Read More
Gold and gold stocks have a bit more upside before reaching resistance, which could lead to a pause or correction. Silver hasn't been able to pierce $28.50 yet. The recent rebound confirms gold stocks successfully retested the 2020 breakouts and can resume their uptrends. Gold stocks are very close to breaking out against Gold and we explain why this is a very significant.Get my top stock pick: ht...Read More
On May 20th the Sprott Physical Silver Trust (PSLV) went over $4 billion Dollars worth of physical silver. Over 144 million oz of assets under management! Tweet: https://twitter.com/Sprott/status/139...Track the PSLV adds here with the official Sprott Twitter: https://twitter.com/SprottCommit to tipping us monthly for our hard work creating high level, thought provoking content that includes inter...Read More
Falling Dollar elevating Yuan.China increases its child limit.Ray Dalio didn't endorse Bitcoin; he condemned treasury bonds.American soldiers died protecting our freedoms, but our freedoms didn't survive the wars.Truth in advertising should apply to legislation.Peter Schiff is an internationally recognized economist specializing in the foreign equity, currency and gold markets. Mr. Schiff made his...Read More
Users can disable Sidewalk in the settings section of the Alexa or Ring apps, but have until 8 June to do so. After Continue...Read More
Another light volume session of trading today as markets open back up from the Memorial Day break. ***Not Financial Advice***Follow Aaron Basile: Twitter: https://twitter.com/aaronbasileYouTube: https://www.youtube.com/user/aaronbasile/videosWebsite: https://aaronbasile.wordpress.com Read More
Clearly, shutting down the economy and all of this hype - build back better - was forContinue...Read More
We thought the spike protein was a great target antigen; we never knew it was a toxin. So by vaccinating people, we are inadvertently inoculating them with a toxin."Continue...Read More
Here are five Fastmarkets stories you might have missed on Tuesday June 1 that are worth another look.Technology entrepreneur Elon Musk once described the ongoing use of fossil fuels and their generation of a vast carbon footprint as "the dumbest experiment in human history."German carmaker Volkswagen will halt...Read More