Prices for domestic and imported merchant bar quality (MBQ) steel products in the United States rose in April amid strengthening demand.Fastmarkets' monthly assessment for steel bar 2 x 2 x 1/4 -inch angle merchant products, fob mill US was $47.80 per hundredweight ($956 per short ton) on Friday April 30, up by 4.37% from $45.80 per cwt on March 26 and by 7.90% from $44.30 per cwt in Februa...Read More
Singapore's rebar import prices are getting a boost from the new ferrous tax policies announced by China, market sources said.China's Ministry of Finance said on April 28 that there will be no taxes for semi-finished steel, such as billet, causing buyers in Asia to rush to procure cargoes in anticipation of shortages in the spot market if China starts purchasing more quantities.This has cause...Read More
Here are five Fastmarkets stories you might have missed on Monday May 3 that are worth another look.Brazilian slab exporters are enjoying their strongest margins in years, despite a steep steelmaking raw material cost inflation, with record-high finished steel prices in the United States supporting...Read More
From travel to Rolexes to basic equipment needed for cryptocurrencies, pent-up demand is very real, says Frank Holmes. Speaking with our Daniela Cambone, the CEO of aviation ETF $JETS talks about Europe opening up to vaccinated Americans- and addresses consumers' desire for luxury goods ranging from Rolexes to Hermes. Frank Holmes is the CEO and chief investment officer of U.S. Global Investors, I...Read More
On This Week in Charts Episode 2, Aaron talks about how US general stock market indexes are rising on retail buying frenzy while volume of stocks traded Monday-Friday is collapsing. This is because institutional investors are selling shares into the rallies on stocks. Aaron thinks that later in 2021, maybe Q3 or Q4 that there will be another major US stock market correction or crash. Aaron also ta...Read More
Even if "won," endless wars like our 20 year assault on Afghanistan would not benefit our actual national interest in the slightest. So why do these wars continue endlessly? Because they are so profitable to powerful and well-connected special interests. In fact, the worst news possible for the Beltway military contractor/think tank complex would be that the United States actually won a war. That...Read More
The proposal "leverages the information that financial institutions already know about account holders, simply requiring that they add to their regular, annual reports information about aggregate account Continue...Read More
"The fact is, we are no longer in a state of emergency," DeSantis said during a news conference. "I think that's the evidence-based thing to do," DeSantis added.Continue...Read More
Warren Buffet is seeing lots of inflation out there, the lumber problem. He has a ot of homebuilder assets. To him it's a real thing. People will listen? Will they sell bonds and jump into real assets?Supply chain ailments. If you're building a house lumber has tripled and you can't just go and buy a new stove or washer. They're 6 months backordered. Charlie Munger hates cryptos. The currency of "...Read More
Jeffrey Gundlach speaking at the Albright Knox Gundlach Museum Fundraiser in Buffalo, NY on April 22, 2021.Jeffrey Gundlach is the Chief Executive Officer and Chief Investment Officer of DoubleLine Capital. He is recognized as an expert in bond and fixed income investments. His investment strategies have been featured in leading publications from around the world In 2013, he was named "Money Manag...Read More
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1. The 'Friday Effect' finally failed to play out. Believe it or not, the major stock indexes finished negative this past Friday. The trading volume was not very heavy so it did not mean all that much. Either way, the up-trend in the market is still intact. Amazon had a decline Friday, it couldn't hold onto its gains. Now Amazon, Apple and Microsoft have had stellar earnings and all sold off. Appl...Read More
Chauvin juror who promised judge impartiality now says people should join juries 'to spark some change', wore BLM shirt in 2020.Continue...Read More
Bill and Melinda Gates announced on Monday that they are ending their marriage after 27 years, "after a great deal of thought and a lot of work on our relationship," according to a statement.Continue...Read More
"We are seeing very substantial inflation," Warren Buffett said at the conglomerate's annual shareholder meeting Saturday. "We are raising prices. People are raising prices to us and it's being accepted."Continue...Read More
Brazilian slab exporters are enjoying their strongest margins in years, despite a steep steelmaking raw material cost inflation, with record-high finished steel prices in the United States supporting demand amid Section 232 quotas.Last month, the spread between Fastmarkets' price assessment for steel slab export, fob main port Brazil and the price for a basket of raw materials reached its widest s...Read More
Keith Neumeyer is the president and CEO of First Majestic Silver, one of the largest primary silver mining companies in the world. He's also the founder and chairman of First Mining Finance. Both companies are traded on the Canadian and U.S. stock exchanges.Read More
In a world awash with money-printing, a currency backed by gold would have great credibility. And China - with designs on the yuan becoming the world's reserve currency - has a lot more gold than anyone else. But how much?Read More
Knox Henderson profiles Riley Gold, discussing its focus on discovery and the de-risking of its Nevada projects with drill results that are just around the corner. Most gold bugs out there are more than happy to take on the odds of early exploration and accept the equation that "greater risk equals greater reward." After all, it's at the point of "discovery" where investors can benefit from multi...Read More
Singapore's rebar import prices are getting a boost from the new ferrous tax policies announced by China, market sources said.China's Ministry of Finance said on April 28 that there will be no taxes for semi-finished steel, such as billet, causing buyers in Asia to rush to procure cargoes in anticipation of shortages in the spot market if China starts purchasing more quantities.This has cause...Read More