All Turkish flat steel prices increased in November 2020 with demand being strong throughout the month because of low stock levels, Fastmarkets heard on Wednesday December 2.Turkish flat steel producers are now fully booked until late March, with trading sources reporting that the market was strong during November because of a global shortage in some flat steel products and strong demand in Asia,...Read More
Prices for hollow steel sections in Europe moved up again during the past week with feedstock costs continuing to rise on a lack of supply, sources told Fastmarkets on Wednesday December 2.Fastmarkets' price assessment for steel sections (medium), domestic, delivered Northern Europe, was ?,?680-700 ($816-840) per tonne on Wednesday, up from ?,?660-680 per tonne one week before.The availability of...Read More
The price for steel H-beams in Europe has remained stable over the past week, but producers remained confident that further price increases could be achieved before the Christmas holiday break, sources told Fastmarkets on Wednesday December 2.Fastmarkets' weekly price assessment for steel beams, domestic, delivered Northern Europe, was ?,?550-580 ($660-696) per tonne on Wednesday, unchanged week o...Read More
Steel wire rod producers in the south of Europe increased their prices sharply in the week to Wednesday December 2, amid a shortage of material and increasing rolling costs, sources have told Fastmarkets.Fastmarkets' weekly price assessment for steel wire rod (mesh-quality), domestic, delivered Southern Europe, was ?,?510-520 ($612-624) per tonne on Wednesday, up by ?,?20-25 per tonne from ?,?490-...Read More
Here are five Fastmarkets stories you might have missed on Wednesday December 2 that are worth another look.Liberty Steel Group's move to acquire the steel unit of German industrial conglomerate Thyssenkrupp has moved to the due diligence phase, the UK-based steel company told Fastmarkets on December 2.The...Read More
Brazilian miner Vale has lowered its iron ore production guidance for 2020 to 300-305 million tonnes from 310-330 million tonnes due to the supply disruptions seen throughout the year, the company said on Wednesday December 2 in a filing to the country's securities and exchange commission, CVM.Previously, the company was expecting to deliver the bottom end of the estimated range for 2020, given ad...Read More
Iron ore prices surged on Wednesday December 2, supported by concerns over supply shortages in the first quarter of 2021, and some futures prices on the Dalian Commodity Exchange (DCE) closed at seven-year highs, sources told Fastmarkets. Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $136.29 per tonne, up $4.16 per tonne62% Fe low-alumina fines, cfr Qingdao: $135.80 per tonne, up $3...Read More
Iran's export prices for steel billet and slab kept increasing over the week to Wednesday December 2, with new slab deals heard at the higher prices, Fastmarkets has heard.Fastmarkets' weekly price assessment for steel billet, export, fob ports Iran, was $470-490 per tonne on December 2, rising from $440-445 per tonne on November 25.No deals were heard this week. Mills...Read More
Key data from Fastmarkets' pricing session in Europe on Wednesday December 2. Key drivers The ferro-titanium jumped to a peak last seen in September 2018 amid a jump in renewed demand from steel mills.Steelmakers have been looking for ferro-titanium both on a spot basis and for shipment out as far as the early second quarter of 2021, suppliers say....Read More
The market for UG2 chrome ore in China fell in the week ended Tuesday December 1 after stainless steel mill Tsingshan lowered its ferro-chrome tender price for December delivery.Fastmarkets' chrome ore South Africa UG2 concentrates index, basis 42%, cif China, fell for the fourth consecutive week to $131 per tonne on Tuesday, down by $2 per tonne (1.5%) from $133 per tonne the preceding week. The...Read More
Bill and Grant are joined by their mutual friend, Fred Hickey, author of The High Tech Strategist for over 30 years.Despite a couple of technical glitches, what follows is an extraordinary deep dive into Fred's process for producing his incredible monthly letter, an examination of gold's role in a portfolio and some detailed explanations as to why gold and, in particular, some of the companies tha...Read More
Content:- Whiteboard: Perfect (Alleged!) Crime- Voting machine security versus effective security- Proprietary software vs election certification- Trained, organized bullying election crimes?- CNN believes their own fake news?- "It's different this time" and The Fourth TurningIf you would like to enjoy this same content plus bonus content from Scott Adams, including micro-lessons on lots of useful...Read More
Time Stamp References:0:00 - Intro1:00 - Recent Price Action13:50 - EU Banking Problems20:47 - Defining Inflation23:44 - Government Debt Trap28:30 - A New Gold Standard?31:10 - Historic Comparisons41:05 - Golds Purchasing Power49:06 - Fiat Implosion & Crypto56:05 - The Role of SilverTom welcomes a new guest to the show, Alasdair Macleod. Alasdair is the Head of Research for Goldmoney and an advoca...Read More
1. Markets are stalling out a little today, but surged higher yesterday. This is common to see some backing and filling after a large point advance. Financial and energy are acting well. Russel 2000's leadership is very important. When people invest in small caps they're looking for growth unlike the big board. Financial and energy are rallying and becoming leaders. It's surprising to see energy w...Read More
For much of its history, America is a country that has valued free markets, allowed people to pursue their interests, and created opportunity for anyone, without too much government intervention. But now, as capitalism falters, and the rich move their money out of the country, violence increases, and politicians promising prosperity are elected, the future of the United States is a big question ma...Read More
*This interview was recorded on November 17thLondon Business School's AQR Asset Management Institute held its virtual 'Insight Summit 2020' on 17 November. Participants heard from top speakers within business and academia on the impact of prolonged low-interest rates, the effects on financial institutions and markets, as well as implications for financial stability and public policy. This film is...Read More
Platinum prices are on fire and now trading above $1,000 an ounce, the metal saw a rally of 19% in November while gold was down 5%. Disruptions caused by the pandemic may lead to the greatest supply crunch in history. "Platinum has broken out of a ten-year downtrend," explains Bill Baruch, President of Blue Line Futures in this interview with Daniela Cambone.Read More
The lockdowns are based on surging "cases" which are based on positive PCR test results. However, what exactly is a positive PCR test result? What does it mean? I'll answer that and give you the answer to the most important question you should ask if you or a loved one gets a positive PCR test result. "What's the Cycle Threshold (CT) value for that test?" Sounds wonky but it's actually really impo...Read More
From trading down to a 21-handle on Monday morning to surging 10% higher by Tuesday afternoon, it looks like the bottom is in! Chris says the charts are signaling a silver price run to $32 quickly, and then to $39...Chris Vermeulen joined Silver Doctors on Tuesday, December 1, 2020, for a robust discussion on the current market technicals.Some of the topics in today's discussion include:- Silver i...Read More
Best November for the Dow since the roaring 20s.While stocks saw a boom, gold saw a bust.Negative backdrop may have firmed gold's bottom.Bitcoin reaches new highs.Joe Biden is from the government and here to help.Peter Schiff is an internationally recognized economist specializing in the foreign equity, currency and gold markets. Mr. Schiff made his name as President and Chief Global Strategist of...Read More