Rebar and wire rod export prices from the Commonwealth of Independent States surged in the week to Monday May 17, supported by rising raw material costs, higher export prices in China, and increasing domestic prices in Russia.RebarFastmarkets' weekly price assessment for steel reinforcing bar (rebar), export, fob Black Sea, CIS was $810-830 per tonne on Monday, up $110-130 from $680-720 per tonne...Read More

Rebar producers in Egypt have increased their prices by another E ?400 ($25.50) per tonne with effect from Monday May 17, sources told Fastmarkets. Rebar producers in Egypt are now offering the product at E ?14,300,14,600 per tonne ex-works including 14% VAT, compared with E ?13,900-14,200 per tonne ex-works announced on May 7. The latest increase follows an earlier E ?400 per tonne increase...Read More

The steel rebar price in Russia's Central Federal district around Moscow continued to increase in the week to Monday May 17, backed by solid demand from end users as well as tight availability, sources told Fastmarkets. Russian producers were still holding back from making official offers for June on expectations of even more significant price rises, sources said. "Producers watch the market to un...Read More

Here are five Fastmarkets stories you might have missed on Monday May 17 that are worth another look.Brazilian domestic flat steel prices increased this month after steelmakers applied price increases of up to 17% to most distributors.Chinese corporations should increase their use of futures products to...Read More

Chinese corporations should increase their use of futures products to hedge against recent price spikes in major commodities across the world, an industry body has said. Rising procurement costs of raw materials have made the lives of small and medium enterprises tough, while higher prices of end products could lead to waning consumption, Ma Wensheng, vice chairman of China Futures Association sai...Read More

Peter Schiff is an internationally recognized economist specializing in the foreign equity, currency and gold markets. Mr. Schiff made his name as President and Chief Global Strategist of Euro Pacific Capital. He frequently delivers lectures at major economic and investment conferences, and is quoted often in the print media, including the Wall Street Journal, New York Times, Barron's, BusinessWee...Read More

Musk's crypto conflicts, don't fall in love with a 9 year old, Elon Musk. Did Tesla sell its Bitcoin? Is this insider trading? What does it mean for cryptos? Hot money likes it and will leave as quick as it came. This is what happens in a bubble. Time to stop HODLING? Michael Burry reveals a huge short in Tesla. Sam Zell is also on the same side of trade. Gold likes Basel III, is it the death knel...Read More

The rebound in Gold has exceeded our target. It could have a bit more upside before testing weekly and monthly resistance. Watch Silver as a leading indicator to see if it can break $28.50 on a weekly and monthly basis. Gold & gold stocks are showing increasing relative strength against stocks and bonds. My base case is metals digest and consolidate these gains.Jordan Roy-Byrne, CMT is a Chartered...Read More

If you wanted advance warning before the paper ssilver scheme unravel, here ya go!While I don't have a date or know the timeline, in this conversation with gold and silver legends Bill Holter and Jim Sinclair we discuss why the paper silver scheme is unraveling now!Bill Holter is currently a writer for Miles Franklin and Jim Sinclair's Mineset where he posts weekly commentaries on gold and financi...Read More

Harry Dent is a Fortune 100 consultant, new venture investor, noted speaker, bestselling author, and the founder and senior editor at Dent Research, where he dedicates himself to identifying and studying demographic, technological, and geopolitical trends. He has a free daily newsletter at www.harrydent.com called "Survive and Prosper." Mr. Dent accurately predicted Japan's collapse in 1989, the d...Read More

"The Fed cannot allow the bond market to sell off because that would translate to higher interest rates. We are already at $30 trillion in a federal budget deficit . . . and they are averaging 1.5%. So, they are paying $450 billion in interest alone. If that goes to 3%, they are paying $900 billion. If that goes to 4.5%, they are paying $1.3 trillion. The whole budget deficit has already exploded,...Read More

Export slab prices from the Commonwealth of Independent States (CIS) region continued climbing in the week to Monday May 17, supported by favorable conditions in the finished flat steel market both domestically and abroad.Hot-rolled sheet offers in Russia's domestic market reached 104,000 roubles ($1,404) per tonne cpt, including VAT, in the week to Monday, up from 99,000-104,000 roubles a week ea...Read More

Bill Whitaker reports on the regular sightings of unidentified aerial phenomena, or UAP, that have spurred a report due to Congress next month."Imagine a technology that can... fly 13,000 miles an hour, that can evade radar... has no obvious signs of propulsion, no wings, no control surfaces... That's precisely what we're seeing." Read More

"Whoa he's getting close," one person is heard saying off-camera. "Splash! Splash! Mark bearing range" the same person is heard exclaiming.Former Navy Continue...Read More

Mohamed El-Erian, economic advisor at Allianz and Gramercy and president at Queens College, Cambridge, joined "Squawk Box" on Monday to discuss his outlook on Fed policy.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's largest bond fun...Read More

Check out my thoughts on last week's CPI data ... as it solidifies the "Alternate Ending" I offered for Samuel Beckett's classic play "Waiting for Godot" last October, when I stated that come the 2Q of 2020 Godot (AKA inflation) would change the narrative ... by SHOWING UP !!!! And BAM, Godot is in 'da house !!! Please welcome to the stage "The Great Godot"Gregory Weldon is CEO of Weldon Financial...Read More

Tucker Carlson Interviews Dr. Peter McCullough on COVID Worldwide Conspiracy to stop early treatment for COVID in favor of dangerous experimental "vaccines."Read More

The man who has been ordering the world around for the past 18 months may not be such a swell guy after-all. In addition to being buddies if Jeffrey Epstein, Mr. Gates allegedly has been cheating on his wife for decadesContinue...Read More

The US has "been working around the clock through diplomatic channels to try to bring an end to the conflict.""We are ready to lend support if the parties... seek a ceasefire," Blinken added.Continue...Read More

"...for the life of me I can't understand why the left is so excited about money-printing when all the data shows that the people who benefit from money-printing are rich people."Continue...Read More