Domestic prices in Europe for steel cold-rolled coil increased further over the week to Wednesday March 10 due to a materials shortage, sources have told Fastmarkets.Producers across Europe have been targeting further prices rises.At the end of last week, ArcelorMittal raised its official offer for CRC to ?,?900 ($1,069) per tonne ex-works, up by ?,?20 per tonne.Both end-consumers and distributors...Read More
Italian re-rollers have been trying to achieve a price rise for domestic heavy steel plate due to the high cost of steel slab feedstock, sources told Fastmarkets on Wednesday March 10."In Italy, prices are starting now from ?,?700 [$832] per tonne ex-works, [and they are] targeting ?,?750 per tonne ex-works. Slab demand will be good because mills are producing at a good pace, so they will need to...Read More
Domestic prices for steel hot-rolled coil in Europe increased again over the week to Wednesday March 10, due to a shortage of material, sources have told Fastmarkets.Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe, at ?,?762.50 ($906.00) per tonne on Wednesday, up by ?,?6.25 per tonne from ?,?756.25 per tonne on March 9.The index was also up by ?,?13.75...Read More
The conclusion of various holiday seasons, the end of winter, the progress of Covid-19 vaccination programs, and the will to return to more normal ways of life were all strong positives for the global long steel products market, the International Rebar Producers & Exporters Association (Irepas) said last week.The current situation and sentiment were generally very good in the world's long steel ma...Read More
Join Greg Hunter of USAWatchdog.com as he goes One-on-One with economist and money manager Michael Pento.When is this going to come undone? Pento predicts later this year and points to the third or fourth quarter of 2021.Michael Pento is a specialist in Austrian economics and is the President of Pento Portfolio Strategies. Prior to starting Pento Portfolio Strategies he served as a senior economis...Read More
With talk of a1950s style recovery, market expert Todd "Bubba" Horwitz says this is a highly unlikely situation. The founder of bubbatrading.com sees a major stock market meltdown happening with a 50% correction. "We are already seeing a tech wreck," he tells our Daniela Cambone. "The story will be told over the next few weeks." Horwitz also shares the sectors in which he is currently seeking refu...Read More
David Tepper, founder of Appaloosa Management, told CNBC's Joe Kernen believes Japan, which had been a net seller of Treasurys for years, could start buying the U.S. government bonds again following the surge in yields. The potential buying could help stabilize the bond market, Tepper said. Jim Grant, founder and editor of Grant's Interest Rate Observer, joined "Squawk Box" on Tuesday to react to...Read More
Marc Faber shares several mining stocks he likes in this interview. He also discusses whether we might see a commodity supercycle. Marc also offers thoughts on the prospects of $100 oil this year, renewable energy investing and why investing in uranium could be become very profitable. He addresses whether U.S. general equities are in a bubble and believes that "volatility will go up a lot."0:00?EU...Read More
Kevin O'Leary is a Canadian businessman, investor, and television personality. From his basement, he launched SoftKey Software Products and In 1999 Kevin sold his company to the Mattel Toy Company for a staggering 3.7 billion dollars, one of the largest deals ever done in the consumer software industry. To keep his money working hard, he took control of his wealth from his lackluster money manager...Read More
Boom in consumer purchases in durable goods. Surging imports and price increases. Container shortage. Triggered by stimulus money.Tracking the Fed, still buying bonds. Short term rates are locked down, but they're encouraging higher long term rates, they've tripled so far. They could go up to 2% for 10 year and then they'll cap it. 3% would be a major problem. We're getting over 2% inflation. Long...Read More
On top of record ?EUR
NASDAQ enters into a correction.Cathy Woods buys overpriced momentum stocks.The madness of crowds has reached an all-time high.NFTs are for rookies.Tweets for sale!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 Euro Pacific Capital. He frequently delivers lec...Read More
Goldsilver.com has announced two new products designed to bring you maximum ounces of gold and silver for your dollar. Join Mike Maloney, Jeff Clark and GoldSilver.com President Alex Daley as they discuss this latest development, along with updates on the gold and silver Real Estate ratios, analysis on a potential bottom for metals, and whether the manipulation of metals markets will ever end. Sti...Read More
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 Euro Pacific Capital. He frequently delivers lectures at major economic and investment conferences, and is quoted often in the print media, including the Wall Street Journal, New York Times, Barron's, BusinessWee...Read More
The free market is coming in to assist those who have been censored or cannot find information that has been censored by Google and other big tech giants. Privacy-focused Continue...Read More
"This is what happens when people stop worrying about actual problems and start imagining things."Read More
Inflation expectations for US consumers, according to surveys, are at their highest levels since 2013. Even more proof is out lately that inflation is increasing globally in global supply chains, especially higher commodity prices. There are signs that the food inflation that's gripped the world over the past year, raising prices of everything from shredded cheese to peanut butter, is about to get...Read More
There are important risk factors to consider.The first one is privacy. The central bank would control almost all transactions in a Continue...Read More
The "wait and see" economy is about to face its moment of truth, and one truth is the $1.8 trillion being passed out like candy is already spent.Continue...Read More
First, I have been shocked at the enormous power of the government, to unilaterally decree, to simply close businesses and schools by edict, restrict personal movement, mandate behavior, and Continue...Read More