The price of hollow steel sections in Northern Europe has inched upward following a jump in feedstock costs, with the market slowly returning to work after the summer holiday period, sources told Fastmarkets on Wednesday August 26.Fastmarkets' price assessment for steel sections (medium), domestic, delivered Northern Europe, was ?,?540-565 ($638-668) per tonne on Wednesday, up from ?,?540-560 per...Read More
Steel mesh-quality wire rod prices went up over the past week on good demand, while bullish suppliers seem intent on further price increase in September citing higher feedstock costs and demand growth, Fastmarkets heard on August 26.Southern EuropeFastmarkets' weekly price assessment for steel wire rod (mesh-quality), domestic, delivered Southern Europe increased to ?,?440-450 ($519-531) per...Read More
The price of steel H-beams in Europe inched up on Wednesday August 26 with producers pushing ahead with previously announced increases, Fastmarkets has heard.Fastmarkets' weekly price assessment for steel beams, domestic, delivered Northern Europe, was ?,?535-565 ($632-668) per tonne on Wednesday, up from ?,?530-560 per tonne one week before.Market participants have slowly started to return to wor...Read More
The Turkish steel producers have continued their deep-sea scrap purchases for late September and October shipments, with prices becoming firmer, sources said on Wednesday August 26.After booking three deep-sea cargoes earlier this week, three more transactions were heard on Wednesday.A steel mill in the Izmir region booked a European cargo, comprising 10,000 tonnes of HMS 1&2 (75:25), 15,000 tonne...Read More
Iranian export prices for steel billet and slab increased in the week ended Wednesday August 26 on higher offers and sales prices heard in the market.Fastmarkets' weekly price assessment for steel billet, export, fob ports Iran, was $395-400 per tonne on August 26, compared with $390-395 per tonne a week earlier.One Iranian mill was heard selling a cargo of billets with modified chemistry at $401-...Read More
This year, the global economy has contracted at a pace previously unseen. However, the crisis this year was only the trigger for what would otherwise have been an inevitable collapse in our economy.Doug Casey, founder of Casey Research, and Rick Rule, president of Sprott U.S., discussed with Kitco News the underlying fundamental problems with not just our economy, but society at large, that have b...Read More
"Inflation, I do think, is going to surprise people to the upside."Peter Boockvar is the Chief Investment Officer of Bleakley Financial Group and Editor of The Boock Report newsletter https://boockreport.com/.Read More
"As long as there is anxiety and disruption potential, that is what makes gold the perfect hedge whether you see deflation or inflation further out on the horizon."Danielle DiMartino Booth is CEO & Chief Strategist for Quill Intelligence LLC, a research and analytics firm. She spent nine years as an advisor to Richard W. Fisher at the Federal Reserve Bank of Dallas. Danielle left the Fed in 2015...Read More
Time Stamp References:0:40 - Understanding "Hard Money"6:20 - Gold in real terms.8:50 - Gold to Silver historic ratio.11:00 - Why gold is foremost real money.12:45 - Hunt Brothers and silver.16:05 - Silver production and recycling.16:55 - Silver as an inflation hedge.17:50 - Biggest PM bull market in history.21:55 - Wealth Taxes and Negative Interest Rates24:00 - Diversifying political risk.Tom we...Read More
A large gap between buyers' and sellers' valuations of steel billet in the import markets of Southeast Asia was preventing further buying activity, market participants told Fastmarkets on Wednesday June 26.Fresh deals for billet to China had raised market sentiment in Southeast Asia last week, but the reality of low demand at mills in the region, together with the recent rise in offer prices, has...Read More
Good news for Facebook stock is bad news for Main Street.Housing market booms - just like it did before the 2008 crash.Layoffs increasing. Many jobs permanently gone.The voting age should be raised.Happy Birthday Spencer! Follow my son on Twitter @SpencerSchiffDavid Portnoy bails on Bitcoin and Chainlink.Paul Tudor Jones should be the next big name to bail on crypto.Cuban-American an emotional and...Read More
First the bad news: yes, it does increasingly appear that it's possible to get re-infected by a different strain of covid-19.Now the good news: not only is it exceptionally rare at this point, but the few reported re-infected patients have not been hit hard the second time around. The current Hong Kong patient currently in the media actually experienced NO symptoms during his second infection.Mean...Read More
"I fear Biden will choose war again. He supported the war in Serbia, Syria, Libya. Joe Biden will continue to spill our blood and treasure.Continue...Read More
"The fact you've come from Victoria is specifically concerning given that's really the hotspot for COVID-19 in Australia and your actions really undo what this government in WA has done to prevent the community spread of this hideous virusContinue...Read More
Those who control the money supply can indirectly control economies and the destiny of nations simply by deciding when and how much to ease or tighten credit conditions, and when to favor (or disfavor) certain types of lending.Continue...Read More
Buffett is signaling a loss of confidence in the dollar. He's getting out of the paper money business and into the hard money business.Continue...Read More
"The rise in COVID cases that we've seen in recent days is unacceptable and if unchecked threatens our ability to complete the semester on campus."Continue...Read More
"This is China's response to the potential risks brought by the increasingly frequent incoming US warplanes and military vessels in the South China Sea."Continue...Read More
Dramatic video which emerged Tuesday shows the latest "close call" between US, Russia, and Syrian national forces who are jostling for control of northeast Syria, after a prior incident resulted in a rare exchangeContinue...Read More
"The belief that masks can solve our problem is very dangerous."Continue...Read More