Turkish steel mills have continued to book deep-sea scrap cargoes for August shipment with improving prices, sources said on Thursday July 23.A steel mill in the Iskenderun region booked a Baltic Sea cargo, comprising 18,000 tonnes of HMS 1&2 (95:5) at $275 per tonne cfr on Thursday.Another steel mill in Turkey booked a US cargo, comprising 7,000 tonnes of HMS 1&2 (80:20) at $270 per...Read More
The latest forecasts from Fastmarkets' teamof analysts are ready to view.Chinese crude steel production outperformed our expectations with its recovery since the Covid-19 pandemic lockdowns. Crude steel output was up by 2.3% year-on-year in the first half of 2020 to 503 million tonnes, and we have revised upward what was initially a more bearish forecast for this year. We now estimate that product...Read More
Seaborne iron ore prices were largely rangebound on Thursday July 23 with political tensions rising between the United States and China, according to trade sources.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $110.12 per tonne, down by $0.83 per tonne.62% Fe low-alumina fines, cfr Qingdao: $112.80 per tonne, down by $0.04 per tonne.58% Fe fines high-grade premium, cfr Qingdao: $99.57 per...Read More
Turkish steel billet prices have increased over the past week in line with rising scrap costs and tightening supply in the Commonwealth of Independent States (CIS) region, sources said on Thursday July 23.Fastmarkets' weekly price assessment for steel billet, import, cfr main port Turkey, was $395-405 per tonne on Thursday, up from last week's $380-390 per tonne.The suppliers in the CIS region rai...Read More
Jan Nieuwenhuijs, VOIMAThree elements cause physical delivery on the COMEX to have reached record highs this year: strong demand for futures in New York, a persisting spread between the price of futures in New York versus spot gold in London, and arbitrage.Physical delivery on the largest gold futures exchange in the world, the COMEX in New York, has reached all time highs this year. In June mor...Read More
The purpose of this update is to celebrate and mark silver's powerful breakout from a giant base pattern that started to form as far back as 2013 - 2014, a breakout which has only happened during the past 2 days, yesterday and today, with today's advance finally seeing it break clear above the resistance at the upper limits of the base pattern. While this doesn't mean it can't drop back again it...Read More
By: Gary SavageGold has left behind the resistance zone from 2011, we will likely see all-time highs acting as a magnet pulling the price higher: https://blog.smartmoneytrackerpremium.com/Read More
Steel billet producers in Iran continued to push their prices for foreign customers further upward in the week to Wednesday July 22, supported by a generally positive mood in the global steel market as well as continuing strong domestic demand.Fastmarkets' weekly price assessment for steel billet, export, fob ports Iran, was $380-385 per tonne on July 22, against $370-380 per tonne a week earlier....Read More
China has become the savior of the global steel market, with its big appetite and high domestic prices supporting the international ferrous supply chain amid the Covid-19 pandemic.While demand for steel in most economies has plummeted in the face of the health crisis, that in China has been strengthening since at least the second quarter of 2020 amid the country's steady recovery after battling th...Read More
Covid-19 is one of the most "alien" viruses our modern health care system has encountered. Not because it came from extraterrestrials, but because of all of the various different ways it's able to wreak havoc on the human body. It's so novel that we don't have a good natural analog to compare it to. And it's still confounding us. While it looked as if we had contained it here in the US, it's now s...Read More
There is some irony in discussing this now because the precious metals sector is starting a correction. The signs are there and stay tuned for an article about that, which will be posted on TheDailyGold.com. Right now, the crowd will be wrong but I'm only talking about the very big picture.In the very big picture, in investing and markets, the crowd is right most of the time. Its wrong only at tur...Read More
Dr. Marc Faber was born in Zurich, Switzerland and obtained a PhD in Economics at the University of Zurich. Between 1970 and 1978, Dr. Faber worked for White Weld & Company Limited in New York, Zurich and Hong Kong. From 1978 to February 1990, he was the Managing Director of Drexel Burnham Lambert (HK) Ltd. In 1990, he set up his own business, Marc Faber Limited which acts as an investment advisor...Read More
Jim Bianco of Bianco Research discusses the Fed and Judy Shelton's recent nomination, the significance of flows, and his forward look on markets and the economy. Bianco and Harrison first analyze the extreme opposition of Shelton's nomination as a Fed Governor and consider how the Fed has been a domineering force in supporting markets for the past few months. Bianco then breaks down the types of r...Read More
Silver is on the move, China and the USA are saber-rattling, shutdowns are stifling the economies of the world, the Fed has hired a goldbug- the stories just keep on coming. Join Mike Maloney, Jeff Clark, and Chris Martenson of PeakProsperity.com as they unravel the latest news in this trial of a new video format.Michael Maloney is a precious metals investment expert and historian. He is the found...Read More
Lynette Zang has held the position of Chief Market Analyst at ITM Trading since 2002. Ms. Zang has been in the markets on some level since 1964. Her mission is to convert financial noise into understandable language. She has been a banker, a stock broker and studied world currencies since 1987. She believes strongly that we need to be as independent as possible and at the same time, we need to com...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
Jeff Snider is head of global investment research for Alhambra Investment Partners, a registered investment advisory based in Palmetto Bay, Florida. As Head of Global Investment Research for Alhambra Investment Partners, Jeff spearheads the investment research efforts while providing close contact to Alhambra's client base. Jeff is published nationally at RealClearMarkets, ZeroHedge, Minyanville a...Read More
The company essentially possesses a "blacklist" of websites, contrary to statements made to Congress by Google CEO Sundar Pichai.Continue...Read More
"In 2008, the majority of those admitted to UT-Austin were white. By 2018, however, barely a third of those admitted to UT-Austin were white." Continue...Read More
Bob Unger interviews Peter Schiff, CEO of Euro Pacific Capital, the man who predicted the collapse of '08 and the myriad of economic problems laid bare by the Covid-19 lockdown.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...Read More