Mexican ferrous scrap prices were largely stable in the week ended Friday May 7, with some sellers heard applying price increases due to strong demand and limited availability of certain grades.Shredded scrap in both Monterrey and Bajio and plate and structural scrap in Bajio were the only prices to increase in Fastmarkets' weekly assessment. While there were reports of price i...Read More
Turkish steel producers continued to pay higher prices for deep-sea scrap after securing more billet sales into China, market participants told Fastmarkets on Tuesday May 11.A steel mill in the Marmara region booked a Baltic Sea cargo, comprising HMS 1&2 (80:20) at $495 per tonne and plate and structural (P&S) at $505 per tonne cfr. The cargo breakdown was not clear at the time of publication.The...Read More
**This webcast aired on Friday May 7th, 2021**Join Hedgeye CEO Keith McCullough and Danielle DiMartino Booth, former Fed advisor and Chief Strategist at Quill Intelligence in this special investing discussion. They will discuss important market implications in the wake of the COVID-19, particularly the extraordinary fiscal and monetary mess D.C. bureaucrats and policy wonks have created.Danielle D...Read More
1. By the closing bell Monday, all of the major indexes finished sharply negative. Even the Dow Jones Industrial Average (DIA) rolled over after being positive earlier in the session. This is what we call a reversal day for the DJIA. The tech heavy NASDAQ Composite was down 2.5% along with the Russell 2000 Index.This morning, the major stock indexes all gapped down lower to start the day, but they...Read More
Stanley Druckenmiller, CEO of Duquesne Family Office, and Christian Broda, managing director at Duquesne, argued in an op-ed for the Wall Street Journal that the Fed shouldn't be in emergency mode after the emergency has passed. They warn that the distortion of long-term interest rates is risky for the economy and for the Fed itself. Druckenmiller and Broda also say there are political pressures i...Read More
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 and over 100 employees. After 12 years as a successful entrepreneur, at the age of 38, George semi retired and...Read More
My guest, Craig Hemke, aka "Turd Ferguson." Turd approaches the subject of PMs (precious metals), the markets, and the economy with a certain amount of irreverence. I invite you to check out his website: https://www.tfmetalsreport.com/?EUR
We are joined on Metal Money by Jordan Roy-Byrne of The Daily Gold who does not think higher prices in gold can be sustained this year without a substantial correction in the stock market.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 s...Read More
Ah, the Federal Reserve Board of Governors is expressing satisfaction that its goal of a "moderate" increase in inflation has finally arrived! Get ready for more, as it is not really moderate, and much higher costs are on the way, for food, housing, medical care, transportation, all to save a system which is imploding under the weight of unpayable debt of all kinds.Harley Schlanger's work can be f...Read More
0:00?EUR< - Introduction0:35?EUR< - News vs. the Chart1:30?EUR< - Sectors & Charts3:22?EUR< - Gold $1800 Level7:17?EUR< - Resistance Levels8:30?EUR< - Yellen & Rising Rates?10:15?EUR< - Offsetting Inflation11:50?EUR< - Silver Chart15:34?EUR< - Metal Drivers16:22?EUR< - Dollar Chart18:22?EUR< - Volatility & Technicals20:50?EUR< - Bitcoin & Shanghai24:55?EUR< - S&P Major Pivot27:05?EUR< - Chinese St...Read More
If the keepers of the USD and Euro can cut off entire countries, the next generation of centralized digital currency will be ready to cut off individuals as well. Proprietary analyst Rob Kirby, fonder of KirbyAnalytics.com, returns to Liberty and Finance to declare that, "Cryptos are eating off the US Dollar's plate." Rob says that de-centralized cryptos, which overcome the fiat defects of debasem...Read More
Fauci exploited a loophole that allowed him to fund research at the Wuhan Lab that likely became COVID-19.Continue...Read More
Even though the service is officially part of the Department of Homeland Security, it increasingly operates as an adjunct of the Navy in projecting US power around the world. Continue...Read More
Even in light of a clearly recovering economy, and new COVID cases on the decline, the government continues to inject liquidity into the financial system through fiscal and monetary stimulus, with the end result being the devaluation of the dollar and losing its global reserve currency status to China, said Danielle DiMartino Booth, CEO of Quill Intelligence."We are no longer in an emergency situa...Read More
In a recent talk, Jim Grant, investment guru and founder of Grant's Interest Rate Observer, echoed Peter, saying the Fed can't control inflation.Continue...Read More
"Every ambitious would-be empire clarions it abroad that she is conquering the world to bring it peace, security and freedom, and is sacrificing her sons only for the most noble Continue...Read More
In the last 2 weeks, an important news item was not covered (at all) by the mainstream financial media: how central banks are now pulling out Dollar liquidity by cancelling some US Dollar currency swap lines! Central banks to reduce dollar liquidity provisions: https://www.marketwatch.com/story/cen...?EUR
"We're looking at every option we have across the federal government and all of the federal agencies," Granholm said.Continue...Read More
Dr. Fauci, do you still support funding of the NIH lab in Wuhan?""Senator Paul, with all due respect, you are entirely and completely incorrect," Dr. Fauci said. "[The] NIH has not ever and does not now fund gain-of-function research in the Wuhan Institute of Virology."Continue...Read More
A new report by Fitch Solutions predicts some commodities will receive an added boost over the next 20 years as they take a central stage in the green and digital transitions. Continue...Read More