Here are five Fastmarkets stories you might have missed on Tuesday July 7 that are worth another look.Protests on July 7 halted road freight transportation in South Africa.Steel plate prices in the United States weakened after the segment was hit by persistently slow end markets, and some mills were willing to capitulate in deal-making to book tonnage in the final days of the second quarter.China...Read More

Hot-rolled coil import prices in the United Arab Emirates inched upward this week while hot-dipped galvanized coil prices narrowed downward, but demand was moderate, sources told Fastmarkets on Tuesday July 7.Market participants wanted to wait to see whether prices would fall because of the weak demand.UAEOffer prices for hot-rolled coil (HRC) from China were heard in the UAE at $470 per tonne cfr...Read More

If Dr. Z. Barton Wang of Barton Research is right, here comes a big flood of cash into the markets. While we have seen lots of stimulus money hit financial markets over the past few months, we could see the gush of liquidity become even more forceful as the Treasury picks up spending from its Treasury General Account this week. This is a riveting Real Vision premium interview that provides some e...Read More

Domestic transaction prices for hot-rolled coil in Northern Europe moved up slightly day on day on Tuesday July 7, with steelmakers insisting on further price rises, sources have told Fastmarkets.Fastmarkets' daily steel hot-rolled coil index, domestic, exw Northern Europe, was calculated at ?,?403.13 ($455.49) per tonne on Tuesday, up by ?,?0.81 per tonne day on day from ?,?402.32 per tonne on Ju...Read More

Prices for steel rebar and billet in the United Arab Emirates were stable this week due to only limited demand, sources told Fastmarkets on Tuesday July 7.Domestic rebarUAE local mills were offering rebar at 1,770-1,774 dirhams ($482-483) per tonne ex-works, unchanged since late June.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), domestic, exw UAE, was 1,770-1,773 dir...Read More

China's domestic rebar prices moved up on Tuesday July 7 on gains in the futures and billet markets fueled by concerns over how strict local authorities are in implementing production restrictions in the country's steelmaking hub of Tangshan.Domestic Eastern China (Shanghai): 3,530-3,560 yuan ($503-507) per tonne, up by 10-30 yuan per tonneMarket sources told Fastmarkets that local authorities in...Read More

Turkish steel producers continued to hold back from the deep-sea scrap markets on the second working day of the week because of the soft markets for finished long steel products, sources said on Tuesday July 7.Steel mills in Turkey booked five deep-sea cargoes in the second half of last week, totalling around 140,000 tonnes.But they were still expected to book more cargoes for August shipments, ac...Read More

Kirkland Lake Gold has been one of the biggest winners over the past 5yrs, propelling itself from a 160k oz. Au producer to what has emerged [along with Endeavour Mining] as the next senior gold producer [1m oz. of production or greater]. Kirkland Lake has a great asset to start, the Kirkland Lake mining complex, notably the Macassa mine, which has taken several years to optimize and will reach...Read More

Michael J. Kosares, USA Gold"It is related of the illustrious Sandy McHoots that when, on the occasion of winning the British Open Championship, he was interviewed by reporters from the leading daily papers as to his views on Tariff Reform, Bimetallism, the Trial by Jury System, and the Modern Crave for Dancing, all they could extract from him was the single word 'Mphm!' Having uttered which he...Read More

Daniel R. AmermanThere is an increasingly good chance that the United States could end up following Europe and Japan, and that the Federal Reserve could use its vast powers of monetary creation to force a move to negative interest rates.If that deeply unnatural event happens, it will invert and distort the very foundations of investment pricing, in ways that are little understood by most investo...Read More

1. Ancient Rome had the denarius, which was diluted into hyperinflationary oblivion. America has the dollar, which is on track to suffer an equally disgusting fate.2. Please click here now. Double-click to enlarge. Silver bullion investors prospered during the denarius dilution that was orchestrated by the Roman "Creep State". Today's silver bugs will prosper from US Cr...Read More

By: Gary SavageGold's novice traders have given up and lost patience. Lots of traders in the choppy markets, get stopped-out during a consolidation and shaken out, over and over. Investors need to be more patient. Gamblers who trade everyday, well these people consistently lose money:https://blog.smartmoneytrackerpremium.com/Read More

Clint Siegner, Money MetalsMore new people may have made their first purchase of physical gold or silver in the past 4 months than in any four-month period in history. This sort of data isn't reported and tracked. But if our experience as one of the nation's largest precious metals dealers is representative, we believe that's the case.We've never seen so much retail demand, and a big portion of...Read More

By: Ira EpsteinGold's pattern, higher-high and a higher-low. $1766.30 is support. Gold above the 18-dma average, which keeps its bias positive:Read More

Seaborne iron ore prices stayed bullish on Tuesday July 7, largely following the upward trend observed in the futures market, sources told Fastmarkets.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $103.01 per tonne, up $1.77 per tonne.62% Fe low-alumina fines, cfr Qingdao: $105.31 per tonne, up $1.32 per tonne.58% Fe fines high-grade premium, cfr Qingdao: $91.84 per tonne, up $2.03 per t...Read More

Through overt & covert operations, money creation has exploded to keep the current financial system functioning. This money is chasing around a limited number of goods, and we're already seeing major price increases and shortages, from medicine to wholesale silver...Rob Kirby stopped by Silver Doctors on July 7th, 2020, for a robust discussion on the economy and the markets, with special focus on...Read More

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 Medical Service Corps, having attained the rank of Lieute...Read More

TOPICS IN THIS INTERVIEW:-Meaningful data vs. irrelevant regarding Covid 19, hysteria is the problem.-The WORST kind of people are running the world.-Stock market is in similar BUBBLE territory as 2000s.-We're in a monetary experiment.-Gold is a good value because the world is on much more dangerous footing.-Gold mines are coining MONEY now. Public will pile into them.-Major bull markets look like...Read More

Wow - a lot to cover in today's video update. First: high fives all around for fans of quality science! Our months' long position that hydroxcholorquine+azithromycin+zinc and ivermectin showed strong promise as cheap, effective treatments vs covid-19 now appears to be proven correct. Of course, up until this point, the media has parroted "junk science" talking points designed to malign and vilify...Read More

Equities markets are ignoring weak fundamentals, but a rally that is not based on sound macroeconomic growth is likely to be unsustainable, said Rick Rule, president and CEO of Sprott U.S."Bull markets that aren't based on growth and value end in tears. I'm not suggesting, by the way, ten years from now, equity prices won't be higher, even substantially higher. What I'm concerned about is the next...Read More