Prices for cold-rolled and galvanized steel sheet in the United States climbed for the sixth straight week after mills filled order books well into November, with some unable to promise shipment until December. Fastmarkets' weekly price assessment for steel cold-rolled coil, fob mill US rose to $36 per hundredweight ($720 per short ton) on Thursday September 17, up by 2.9% from $35 per c...Read More
In the latest Canadian Insider Insights, we examine if the US Financials sector might bring happier times for investors in the New Year. We also look at what insiders are suggesting about Canadian REITs. Meanwhile, in the mining area we compare industrials versus precious metals insider sentiment. Of course, we also have our broadcast and insider of the week features which you can check out here....Read More
South American steel import prices rose during the week to Friday September 18 with deals reported at higher levels. But new offers, particularly from China, were lower, indicating that the recent price uptrend was slowing down, market participants have told Fastmarkets.Chinese steel products went from being the most competitive to the most expensive sold to South America through most of the perio...Read More
US steel exports have rebounded from the lows seen in the months following the Covid-19 outbreak.But they remain well below the highwater mark from late in the first quarter - before the virus crisis hammered North American steel demand, US Commerce Department figures indicate.The United States exported 433,800 tonnes of steel in July, the last month for which figures are available. That is up 13....Read More
Domestic steel rebar prices in Poland were trending upward on higher scrap costs and good buying activity, but the market was braced for further rises in October, sources told Fastmarkets on Friday September 18.Fastmarkets' latest price assessment for steel reinforcing bar (rebar), domestic, exw Poland, increased to 1,950-2,000 zloty ($517-530) per tonne on September 18, up from 1,920-1,960 zloty...Read More
European distributors of flat steel products reported a 11.8% year-on-year decrease in shipment volumes in July, regional steel industry association Eurometal said on Friday September 18. The decrease is less than the 16.5% fall reported for the preceding month of June. Yet in the year to July, shipment volumes of flat steel products from European steel service centers have dropped by 20.30% on an...Read More
The effect of the absence of Turkish steel mills from the international scrap market was evident in tepid trading and weakening prices in the week to Friday September 18, with fears of an imminent market correction.Turkey continues to hold back from booking new cargoesUS market remains quiet on possible correctionVietnam books large volumes at lower pricesTaiwan's upward trend comes to a haltIndia...Read More
The price of shredded scrap imported into India moved down this week following a change in sentiment resulting from the absence of Turkey from the global scrap market, sources told Fastmarkets on Friday September 18.Fastmarkets calculated the steel scrap, shredded, index, import, cfr Nhava Sheva, India, at $317.57 per tonne on Friday, down from $323.20 per tonne one week before.Buying activity was...Read More
The price spread for UK inter-merchant light iron scrap was steady over the week to Friday September 18, with limited supplies coming into merchant yards and a steady rate of export tonnages underpinning support for domestic prices, industry sources have told Fastmarkets.Fastmarkets' weekly price assessment for steel scrap 5C, loose old light, domestic, delivered inter-merchant, UK, was ?100-110...Read More
Export prices for Brazil-origin steel slab increased in the week ended Friday September 18 because of new deals and offers at the higher end of the assessment range.Fastmarkets' weekly price assessment for steel slab, export, fob main port Brazil increased to $450-490 per tonne on Friday, up from $440-460 per tonne fob a week before.Deals had been reported at $450-460 per tonne fob...Read More
When asked what the biggest risks facing the economy are, David Stockman, lifelong Capital Hill and Wall Street insider, says "That's easy. There are three: The Fed, The Fed and the Fed."After decades of misguided policy and chronically missing its targets, Stockman thinks the Federal Reserve is truly barreling off the rails now, hurtling our market economy towards disaster.He notes that since, 20...Read More
Sprott Money News ? Sprott Money News Weekly Wrap-up - 9.18.20Eric Sprott has more than 40 years of experience in the investment industry. In 1981, he founded Sprott Securities (now called Cormark Securities Inc.), which today is one of Canada's largest independently owned securities firms. In 2001, Eric established Sprott Asset Management Inc. Over the years, Eric has personally been the recipie...Read More
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"This is completely sick."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 a...Read More
Gerald Celente is a pioneer trend strategist and founder of The Trends Research Institute. He is the author of the national bestseller Trends 2000: How to Prepare for and Profit from the Changes of the 21st Century and publisher of the internationally circulated Trends Journal newsletter. Gerald Celente is a political atheist. Unencumbered by political dogma, rigid ideology or conventional wisdom,...Read More
Former Deutsche Bank analyst David Liew told a Chicago jury he learned how to manipulate gold and silver prices from the two successful senior traders he admired and worked with for about three years. As Bloomberg reports, Liew "said he wanted to be a team player and make money after joining the bank's Singapore office, so he began doing "spoof" trades the way he was taught by Cedric Chanu and Jam...Read More
One year ago today - something massive happened in the global markets that marked the beginning of the current crisis. No, it wasn't the health crisis that kicked off this industrial scale panic...tune in to Mike Maloney's latest analysis to see the evidence of this event as well as conclusive proof that financial models are not only wrong, but broken. Do you really think the Fed knows what is doi...Read More
http://financialrepressionauthority.c...Yra Harris is a trader with over 32 years of experience in all areas of commodity trading, with broad expertise in cash currency markets. He has a proven track record of successful trading through combination of technical work and fundamental analysis of global trends; historically based analysis on global hot money flows. He is recognized by peers as an aut...Read More
Here are some tips on how to structure a diversified junior portfolio for the purpose of growth of capital. Jordan Roy-Byrne, CMT is a Chartered Market Technician and member of the Market Technicians Association.. He is the publisher and editor of TheDailyGold Premium, a publication which emphasizes market timing and stock selection for the sophisticated investor, as well as TheDailyGold Global, a...Read More
The Rebel Capitalist show helps YOU learn more about Macro, Investing, Entrepreneurship AND Personal Freedom. George Edward Gammon is an American real estate investor and entrepreneur. He produces and stars in a popular YouTube Channel. Prior to 2012, George started, owned, and operated multiple businesses ranging from conventions to advertising. The last growing to 24 million in annual revenues a...Read More