Prices for steel scrap cargoes imported into South Korea fell again over the last seven days amid weakening Japanese offer prices and stifled demand, sources told Fastmarkets on Friday September 25.Japanese exporters reduced offer prices over the last week due to a lack of buying interest from Vietnam and Taiwan at the previous levels, sources said, while smaller suppliers focusing on Korea had al...Read More
Base metals prices on the London Metal Exchange were mixed but little changed this morning, Friday September 25, this after once again running into dip-buying on Thursday.A late rally in US equities on Thursday lent support to broader markets.US Congress is working on a $2.2 trillion stimulus package that could be voted on next week.Asian-Pacific equities were for the most part stronger this morni...Read More
An overview of the battery raw materials markets and their latest price moves.Read More
Businesses all over the world have adopted new policies refusing cash payments in fear of spreading coronavirus to their employees and/or customers.And there are many folks interpreting these new policies as a sign of a cashless future.But how cashless will the future really be?There is no doubt the coronavirus and the resulting lockdowns increased the use of digital payments globally.According to...Read More
Lithium prices are in a bottoming-out phase but are expected to struggle for some time in the foreseeable future, according to William Adams, Fastmarkets head of battery raw materials and base metals research."Before we start to see prices rise, we need to see inventory [levels] come down to a more normal level," Adams said during a virtual lithium market presentation, hosted by investment bank Mo...Read More
Prices for flat-rolled steel imported into South America took a downturn in the week to Friday September 25 with Chinese mills presenting lower offers amid residual negotiations for November shipments.The region's import market followed a broader downtrend reported for the Chinese domestic market in the past few weeks. That trend reversal was also supported by reduced liquidity, due to November-sh...Read More
Poland's steel rebar producers have pushed for new price increases this week on good buying activity, rising raw materials costs and a lack of competitive imports in the market, sources told Fastmarkets on Friday September 25.The rebar market in the country moved up this week on fresh offers from domestic mills, encouraged by good buying, rising rolling costs and tighter availability of rebar with...Read More
Soft demand sent China's domestic rebar prices falling this week, with those in the eastern region being down by 60-80 yuan per tonne despite holding steady on Friday September 25. DomesticEastern China (Shanghai): 3,600-3,640 yuan ($528-534) per tonne, unchangedNorthern China (Beijing) weekly assessment: 3,570-3,590 yuan per tonne, down by 50 yuan per tonne End users kept their rebar invent...Read More
After appearing to have what many believe to be a stroke live on his show The Ron Paul Liberty Report on Friday, Dr. Paul is alive and in good spirits!Message from Ron Paul: "I am doing fine. Thank you for your concern." pic.twitter.com/aALmLn8xIj- Ron Paul (@RonPaul) September 25, 2020 Thank God, Dad is doing well. Thank you for all your prayers today. https://t.co/xNXUa6Pnq4- Senator Rand Paul (...Read More
As the cultural war consumes American politics during this election cycle, the economy remains in a precarious state. Millions of people live on the margins. The only constant for them is insecurity. Economists debate an eventual recovery. They speak of a U, V and a L. But is it in fact a "K-shaped" recovery? A permanent underclass? CrossTalking with Richard Wolff & Peter Schiff.Peter Schiff is an...Read More
The Turkish steel producers broke their two-weeks-long silence in the deep-sea scrap markets on Friday September 25, securing two cargo deals, while prices in the major markets were slightly down on limited demand.Turkish mills return to the market for two Baltic Sea cargoesUS East Coast quiet on Turkey's absenceVietnamese buyers book Japanese scrap on dipping offersTaiwanese import prices down on...Read More
Eric Sprott recaps a challenging week for the precious metals but looks forward to better days ahead for the sector.Sprott Money News ? Sprott Money News Weekly Wrap-up - 9.25.20Eric 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 securitie...Read More
Harry Dent is a Fortune 100 consultant, new venture investor, noted speaker, bestselling author, and the founder and senior editor at Dent Research, where he dedicates himself to identifying and studying demographic, technological, and geopolitical trends. He has a free daily newsletter at www.harrydent.com called "Survive and Prosper." Mr. Dent accurately predicted Japan's collapse in 1989, the d...Read More
According to Rob Kirby, this raid like all the others is being orchestrated by the desperate monetary authorities to try to make the dollar look pretty. Unfortunately, there's not enough lipstick in the world to keep the fraud going. Physical metal is in short supply and demand is off the charts. This will only serve to hasten the demise of the dollar, who's time is shorter than ever. Rob is of th...Read More
The UK health Minister confirms that he doesn't understand the concept of false positive math. Australia goes full-lockdown despite practically no hospital loading. The media is busy mashing up terms and confusing the landscape using 'cases' when it means 'positive PCR tests' and Covid-19 when it means SARS-CoV-2. What's going on here? Sadly it seems like science, logic and common sense are being...Read More
The fine may seem like a lot ($1 billion Dollars), but relative to the total profits from manipulating precious metals "markets" it is not even 10% of the profits. JP Morgan to pay almost $1 billion fine to resolve U.S. investigation into trading practices https://www.cnbc.com/2020/09/23/jpmor...Jason Burack is an investor, entrepreneur, financial historian, Austrian School economist, and contrari...Read More
It appears that Dr. Ron Paul just had a stroke during a live stream of his "Liberty Report" web series. Continue...Read More
Time Stamp References:1:25 - Problems in the Comex?2:20 - Open interest and delivery.3:30 - No evidence of failure to deliver.6:15 - Reasons for large open interest.8:00 - Arbitrage and bullion banks.11:40 - Optimal gold in your portfolio.12:20 - Recommends holding some physical.15:10 - Bitcoin being better than gold.17:20 - Inflation and currency creation.20:40 - Why the Fed can't have deflation....Read More
Harley Schlanger's work can be found at LaRouchePAC.com.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