The Turkish deep-sea scrap import market opened the week quietly on Monday May 4 after an expected drop in prices late on Friday May 1, sources told Fastmarkets.On Friday, a steel mill in the Iskenderun region booked a European cargo comprising 17,000 tonnes of HMS 1&2 (80:20) at $236 per tonne cfr, and 7,000 tonnes of bonus at $246 per...Read More

Gold will remain firm on restarting US China trade tensions. Pre USA presidential drama has started. Trump has started blaming china for corona virus. Trump has restarted the trade war. The trade war is a political drama by Trump to divert mass attention from late reaction to CVOID crisis. There will be more such politically motivated things by Trump. Gold will remain firm till November. There c...Read More

The latest forecasts from Fastmarkets' team of analysts are ready to view.The first quarter continued the trend of 2019 - for China to actively import relatively cheap metallics and semi-finished steel - but can this be sustained? The answer to this question will come down to the price competitiveness of the products, we believe. One additional incentive to continue to import metallics this year -...Read More

Brazilian slab export prices narrowed upward in the week to Friday May 1, with producers trying to push offers higher amid lower global slab supply.Fastmarkets' weekly assessment for steel slab export, fob main port Brazil, moved up by $10 on the low end to $330-345 per tonne, from $320-345 per tonne a week earlier.Offers from Brazil to Asia were reported within the range of $330-335 per tonne fob...Read More

This is an exclusive "Hedgeye Investing Summit" interview between Real Vision co-founder Grant Williams and Hedgeye CEO Keith McCullough.***This interview originally aired live on Hedgeye.com on April 16, 2020***Grant Williams is the portfolio manager of the Vulpes Precious Metals Fund and strategy advisor to Vulpes Investment Management in Singapore. Grant has 28 years of experience in finance on...Read More

Mohamed El-Erian, chief economic advisor at Allianz, joins "Squawk Box" to discuss Warren Buffett's take on the markets and the impact of the Fed's emergency response to the coronavirus crisis.Mohamed El-Erian is the Chief Economic Adviser of Allianz, a multinational financial services company. He is the former CEO and co-Chief Investment Officer of PIMCO, a global investment firm and one of the w...Read More

This is an exclusive "Hedgeye Investing Summit" interview between renowned Economics Professor Steve Hanke of Johns Hopkins and CEO Keith McCullough.***This interview originally aired live on Hedgeye.com on April 16, 2020***Mr. Keith R. McCullough is the Founder and CEO of Hedgeye Risk Management LLC. He covers the strategy sector at the firm. Prior to founding the firm, Mr. McCullough was a Partn...Read More

In this week's gold and silver market update with Dave Kranzler of Investment Research Dynamics, Dave covered the latest gold and silver news, including the CME's $7 billion credit facility to protect against a clearing member default.Dave Kranzler spent many years working in various Wall Street jobs. After business school, he primarily traded junk bonds for a large bank. Dave graduated from Oberl...Read More

Over the past two years, nobody knew what would trigger the next financial crisis, but just about everyone saw that it would involve the record pile of corporate debt. And so it happened. Now the Fed fixed it...Wolf Richter is the founder of Wolf Street Corp and the publisher of WolfStreet.com. Wolf has over twenty years of C-level operations experience, including turnarounds and a VC-funded start...Read More

To show why deflation comes first and why hyperinflation then becomes a distinct possibility, Mike compares US tax receipts to the Wilshire 5000 Index. What is immediately apparent is the high correlation between them-until recently. It takes two consecutive quarters of falling economic activity to officially declare a recession, but it's clear we've entered one now. This is the deflation. As Mike...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

Last week the Federal Reserve announced it will keep interest rates at or near zero until the economy recovers from the government-imposed shutdown. Following this announcement, Federal Reserve Chairman Jerome Powell urged Congress and the Trump administration to put aside any concerns about the deficit and spend whatever it takes to stimulate the economy and combat coronavirus.The Federal Reserve...Read More

Gerald Celente talks to Lew Rockwell about what's happening. And why all, despite appearances, is not lost.Gerald Celente is a pioneer trend strategist and founder of The Trends Research Institute. He is the author of the national bestseller Trends 2000: How to Prepare for and Profit from the Changes of the 21st Century and publisher of the internationally circulated Trends Journal newsletter. Ger...Read More

Max interviews Nick Giambruno, a geopolitical analyst quarantining in Argentina, about the currency crises in that country and in Lebanon, and what lies ahead for emerging markets in this time of pandemic-induced economic collapse.Nick Giambruno is Doug Casey's globetrotting colleague. He's also the Chief Analyst of Casey Research's flagship advisory, The Casey Report and its premium "value invest...Read More

It started with a bowl of chicken noodle soup and a desire to help the community. It ended with the government threatening criminal charges.Continue...Read More

The video, filmed by a bystander, showed the plainclothes officer, who was not wearing a protective face mask, slapping 33-year-old Donni Wright in the face, punching him in the shoulder and dragging Continue...Read More

1. Warren Buffett is in the news today after annual shareholder meeting. He sold his stakes in the four largest U.S. airline carriers. I've never seen him sell out of a sector at the lows. I know he is good friends with Bill Gates, so maybe he is just trying to help his buddy accomplish his goal of the next Great Depression. He used to buy into markets in the past. In 2008, he was buying everythin...Read More

The people running states like New Jersey and cities like Chicago know they're broke. Ridiculously generous public employee pensions - concocted by elected officials and union leaders who Continue...Read More

Tom welcomes back experienced investment professional David Hunter of Contrarian Macro Advisors to the show. David shares some of his controversial contrarian views on where the markets are heading. He often receives criticism from investors for his differing views. David expects a rebound this summer and fall followed by another pull-back in the market. The market should rally for a few more year...Read More

Allianz Chief Economic Advisor, Mohamed A. El-Erian discusses the impact the coronavirus has has on the economy, the government's fiscal and monetary response and why the worst is not over.Mohamed El-Erian is the Chief Economic Adviser of Allianz, a multinational financial services company. He is the former CEO and co-Chief Investment Officer of PIMCO, a global investment firm and one of the world...Read More