Decreasing ferrous scrap prices and overall weak demand have eroded wire rod spot prices in the United States, Fastmarkets has learned.Fastmarkets' monthly assessment for steel wire rod (low carbon) industrial quality, fob mill US fell to $29-29.50per hundredweight ($580-590 per short ton) on Tuesday July 21, down by 4.1% from $30-31 per cwt last month, when sources indicated the domestic wir...Read More
Hollow steel sections prices in Northern and Southern Europe were unchanged on Wednesday July 22 with much of the market already away for the summer, sources told Fastmarkets. Fastmarkets' price assessment for steel sections (medium), domestic, delivered Northern Europe was ?,?540-560 ($620-642) per tonne on Wednesday, unchanged week on week. The weekly steel sections (medium), domestic,...Read More
Turkish steel producers have continued their deep-sea scrap purchases for August shipments but at slightly higher prices, sources said on Wednesday July 22.A steel mill in the Iskenderun region booked a Baltic Sea cargo, comprising 13,000 tonnes of HMS 1&2 (95:5) at $273 per tonne cfr. The cargo was scheduled to be shipped before August 19.A steel mill in the Marmara region booked US cargo, compri...Read More
Strengths? The best performing precious metal for the week was silver, up 3.24 percent and marking six weeks of consecutive gains. Silver was strong again this week as the metal neared $20 an ounce, a level last seen in September 2016. The metal is up 66 percent from its March lows due to stronger demand for use in solar. Silver is also riding the wave of higher gold prices. ?...Read More
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By Avi Gilburt, ElliottWaveTrader.netIt has been quite some time since I have published an article on gold. Unfortunately, we have become so busy at Elliottwavetrader that I simply have not had the time to publish many public articles.So, as we are approaching an inflection point, I thought it would be an appropriate time to publish a public article.Now, I have to be honest. I am quite disappoi...Read More
1. Gold looks superb, silver looks better, and the miners look best of all. 2. These are the main facts for investors to keep in mind at this point in "gold bull era" time.3. Please click here now. Double-click to enlarge this "breakout over $1800" gold chart.4. Next, please click here now. Double-click to enlarge yet another breakout chart (silver). S...Read More
Craig Hemke, TF MetalsIt may or may not happen at next week's FOMC, but that hardly matters. What's important is that a policy shift is coming and the impact upon the precious metals will be significant.Many times already in 2020, we've utilized this space to explain why negative real interest rates are the most extraordinarily important and fundamental rationale for owning physical gold and sil...Read More
Legendary precious metals trader Andrew Maguire joins us to answer your questions regarding COMEX pricing, JP Morgan and the current shortage of physical silver at the wholesale level.Sprott Money News ? Sprott Money News Ask The Expert - July 2020- Andrew MaguireAndrew Maguire is an Independent London Metals Trader and Analyst, internationally renowned for his unique ability to read the precious...Read More
"Trump promised us a deal. Instead, we got a cold war."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 Me...Read More
"When inflation becomes the problem, what can the Fed do? Promise to buy stocks and print more money? What can the Fed do? Print money to buy down interest rates when the economy is in full revolt? When money managers are shorting bonds and driving yields to the moon. No, the only thing they can do is stop printing money and promise to fight inflation. That's when you are going to get 6,000 on the...Read More
CIS export steel billet prices continued to strengthen early this week after a fresh sale and on limited availability of August-rolling volumes, Fastmarkets heard on Wednesday July 22.Rare offers from CIS mills were heard within the range of $380-385 per tonne fob Black/Azov Sea ports. This was up from $375-385 per tonne fob late last week.Some Russian producers, however, quoted significantly high...Read More
TOPICS IN THIS INTERVIEW:-Michael's introduction-Deep analysis of the gold bull market stair stepping higher.-Acceleration of the gold and silver move.-Bull market in gold, "likely its last."-Tech stocks heavily distorting indexes.-Banking stocks never recovered.?>>?J. Michael Oliver entered the financial services industry in 1975 on the Futures side, joining E.F. Hutton's International Commodity...Read More
Video Timestamps:19:30 Stock Market Concerns27:00 David Rosenberg's Investment Strategy32:40 Bank Of Canada Policy Meeting 202040:20 Investment strategy for the new normal48:50 Debt Ratios49:10 Gold Investment Idea52:10 StagflationDavid Rosenberg is the chief economist & strategist of Rosenberg Research & Associates, an economic consulting firm he established in January 2020. He received both a Ba...Read More
What's it like to actually have covid-19? On today's video, Chris interviews Dr. Glenn DeSandre who is still recovering from the virus. While his case didn't require hospitalization, Dr. DeSandre emphasizes it's something you do not want to get. It's not like the flu or a particularly bad cold - it's something much worse. What makes this interview particularly interesting is Chris ability to reall...Read More
Topics:Investor money still piling into at-home stocks.The world is going back to a gold standard whether the Fed wants one or not.Massive moves in silver coming.Traders unwinding short spreads on precious metals.The canary in the coal mine is dropping dead.The coming crash will likely be worse than I ever imagined.New government relief package in the works, but we really need relief from the gove...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
The pistol Patricia McCloskey waved at protesters who broke down a gate to trespass on their private street was a non-operable 'prop' used duringContinue...Read More
Dr Carrie Madej, an Internal Medicine Specialist claims that theCOVID-19 Vaccine Could Be Trojan Horse To Patent Humans as it will change your DNA.Dr Carrie Madej, DO is a Internal Medicine Specialist in McDonough, GA and has over 19 years of experience in the medical field. She graduated from Kansas City Univ Of Medicine Bioscience College Of Osteopathic Medicine medical school in 2001.Read More
Continue...Mohamed El-Erian is the Chief Economic Adviser of Allianz, a multinational financial services company. He is the former CEO and co-Chief Investment Officer of PIMCO, a global investment firm and one of the world's largest bond funds in the world. Dr. El-Erian also served as a member of the faculty of Harvard Business School. Before joining PIMCO, Dr. El-Erian was a managing director at...Read More