Flat steel import prices to the United Arab Emirates and Saudi Arabia increased sharply in the week to Tuesday April 13 despite weak demand, sources told Fastmarkets.The weakness in demand was attributed to the Islamic holy month of Ramadan that started on the evening of April 12, traditionally a slow period for both countries amid reduced working hours.But uncertainty on rebates fo...Read More
Demand for long steel products was weak in the United Arab Emirates during the week to Tuesday April 13, with prices close to those heard last week, sources told Fastmarkets.The Islamic holy month of Ramadan started on April 12, and demand was unlikely to improve over the period because of the traditionally reduced working hours.In addition, there were hardly any new projects in the country, and s...Read More
A summary of operational results for Russia's largest steelmaker, Novolipetsk Steel (NLMK), for the January-March quarter of 2021. The company also has assets in Europe and the United States.In brief Steel product sales to export markets fell to 1.2 million tonnes, down by 21% quarter on quarter, with a decline in pig iron sales but a rise in intragroup slab deliveries. Sales in home markets incre...Read More
China's domestic rebar prices stopped their downward trend on Tuesday April 13 following a recovery in the futures market, Fastmarkets heard.DomesticEastern China (Shanghai): 4,980-5,000 yuan ($760-764) per tonne, up by 10-20 yuan per tonneRebar futures rebounded from two days' of decreasing on the positive news from the futures market.Spot rebar prices followed suit but rose by just 10-20...Read More
Here are five Fastmarkets stories you might have missed on Tuesday April 13 that are worth another look.A court in the southeast Brazilian state of Minas Gerais has accepted a request for bankruptcy protection from local iron ore pellet producer Samarco, which is owned 50:50 by Vale and BHP,...Read More
Topics Discussed Include:*The one thing that makes Jim Rickards nervous regarding systemic financial stability*What happened with Archegos*Virus, Lockdowns, Economic Impacts*The New Great Depression - How to measure it*The Spanish Flu was the worst pandemic in history*What happens when you have both a pandemic and depression at the same time*Why depressions over time cause a massive loss of wealth...Read More
The esteemed financial expert Martin Armstrong joined us today. He pointed out that his computer forecasted Panic cycles are showing events happening in 2022 and 2024. Martin discusses the beginnings of the pandemic and Build Back Better slogan that happened a year before anyone even heard of Covid-19.On the topic of cryptos, he believes that cryptos have been propagated by the government to get p...Read More
Ferrous scrap prices in Mexico edged up in the central Baj?-o region but were stable in the region near northern Monterrey city, with fewer buyers in the marketthan usual.One scrap buyer was applying price increases of 100-200 pesos ($5-10) this week in Mexico, but most buyers either held the line on prices or were purchasing minimum volumes due to high costs.Fastmarkets assessed the&nbs...Read More
Chris Vermeulen has been involved in the markets since 1997 and is the founder of Technical Traders Ltd. He is an internationally recognized technical analyst, trader, and is the author of the book: 7 Steps to Win With Logic.Read More
Peter Grosskopf, CEO of Sprott Inc., outlines his criteria and timeline for gold to hit new all-time highs. Speaking with David Lin, anchor for Kitco News, Grosskopf said that he's never seen central banks "so backed into a corner" and that any mistake could likely lead to "big trouble."0:00?EUR< - Gold price outlook3:56?EUR< - Factors behind gold's pullback5:31?EUR< - Interest rates vs gold6:40?E...Read More
China has thrown its weight behind settling its oil purchases from Iran and Venezuela in cryptos. This explains why cryptos have taken off and gold/silver have remained in the dumps. This is de-dollarization in a big way. Dollars are of no use to Iran and Venezuela. They've been cut off from Swift and there's nothing to be gained. The Chinese found a work around. This will heighten cryptos and mak...Read More
In this episode of the Keiser Report, Max and Stacy look at the warning from Egon von Greyerz that 'disorder will come.' But is his forecast of hyperinflation accurate? Or will deflation overwhelm the money printing? That question is addressed in the second half where Max interviews Rick Ackerman, a market analyst and former market maker, who argues that the quadrillions in credit derivatives coll...Read More
The new time dated Digital Yuan, the war on cash enters a new phase. Cash will now expire on a specific date or will start to lose value over time. It's going to completely replace the paper Yuan. In this way demand gets stimulated. Saving is bad because it empowers individuals. How are you going to stash digital currency into a digital mattress.Las Vegas Musk's Boring Tunnel System. The beginning...Read More
Fed Chief Powell: The Economy is at an "Inflection Point" - DiMartino Booth breaks it down on 'Your World with Neil Cavuto' To Discuss Federal Reserve...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 to found Mo...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
Our leaders, including Chairman Powell, are cowards.You can't buy what hasn't been produced, no matter how much money is printed.Bitcoin price moves up ahead of Coinbase offering.Michael Saylor's latest propaganda stunt proves Bitcoin is neither currency nor money.Peter Schiff is an internationally recognized economist specializing in the foreign equity, currency and gold markets. Mr. Schiff made...Read More
The Fed provides the data quarterly, I dissect it at the stunning per-capita level.Continue...Read More
A quick survey of today's world indicates that most people in the so-called advanced sector are indifferent in the face of mass murder being perpetrated in their names, or feel impotent to do anything about it. There is no question that the sanctions policies imposed by western governments are killing people; yet regime change wars continue, while the War Hawks are creating provocations against Ru...Read More
Frank Holmes is the CEO and chief investment officer of U.S. Global Investors, Inc., a boutique investment advisory firm based in San Antonio that manages domestic and offshore funds specializing in the natural resources and emerging markets sectors.Read More
0:58?EUR< Debunking gold bear cases2:06?EUR< Gold & Bitcoin3:23?EUR< Deflation5:33?EUR< Manipulation6:34?EUR< Safe-Haven Demand7:34?EUR< Bitcoin complements gold9:30?EUR< Manipulation & speculation12:03?EUR< Real rates & gold15:02?EUR< Market #crash?EUR< & goldLobo Tiggre, aka Louis James, is a legendary speculator and was Doug Casey's prot?(C)g?(C) at Casey Research for almost 14 years, until ear...Read More