Brazilian imports of both flat and long steel products decreased year on year in July amid lower demand for imported material in the country and increased import prices.Imports of flat steel products totaled 78,953 tonnes during the month, down by 11.9% from the 89,595 tonnes a year earlier, according to figures from the Brazilian economy ministry.Imports of cold-rolled coil from China reache...Read More
Prices for steel reinforcing bar (rebar) in the United States held steady while domestic mills said overall market conditions will sustain satisfactory volumes with import purchases inhibited by overseas cost trends.Rebar traders reported some of the tightest margins in their careers, while export scrap costs discouraged Turkish rebar providers from offering more competitive prices. US market part...Read More
The latest forecasts from Fastmarkets' team of analysts are ready to view.This month's key North American steel forecast highlights:US domestic prices for hot-rolled coil moved down in line with our expectations, averaging $461 per ton in July versus our forecast price of $460 per ton. Although domestic HRC prices slipped to less than $450 per ton in late July/early August, we maintain the view th...Read More
The Turkish deep-sea scrap import market remained quiet on Thursday August 13, with mills preferring to wait for some movement in the domestic and export finished long steel sectors, sources told Fastmarkets. Steel mills in the country have booked a number of cargoes in recent weeks, with the latest transactions for HMS 1&2 (80:20) from the US and Baltic Sea done at $285 per tonne cfr.There were s...Read More
Prices for mid-grades of iron ore went down on Thursday August 13 with the expectation of an easing of the cargo congestion at ports in China, sources have told Fastmarkets.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $121.38 per tonne, down by $0.13 per tonne.62% Fe low-alumina fines, cfr Qingdao: $120.55 per tonne, down by $0.45 per tonne.58% Fe fines high-grade premium, cfr Qingdao: $...Read More
Prices for bulk cargoes of steel scrap imported to Bangladesh jumped over the last seven days following two fresh deals from the United States West Coast, sources told Fastmarkets on Thursday August 13.Market participants said that Bangladeshi mills have booked at least four bulk scrap cargoes over the last three weeks, with three different mills purchasing material.One deal was closed for 8,000 t...Read More
Why are premiums high recently? What are people buying? Where does a bullion industry insider see the market going? How does a gold and silver bullion dealership operate? What is the spot price? Join Mike Maloney as he checks in with Alex Daley, President of GoldSilver.com.?>>?Michael Maloney is a precious metals investment expert and historian. He is the founder and owner of GoldSilver.com, a glo...Read More
Dr. Rand Paul is the junior United States Senator for Kentucky. Elected in 2010, he has proven to be an outspoken champion for constitutional liberties and fiscal responsibility, and a warrior against government overreach. A graduate of Duke University School of Medicine, Rand was a practicing ophthalmologist in Bowling Green, Ky., for 17 years. Rand has been a vocal advocate for term limits, a ba...Read More
Marc feels, "The economy is currently in a dead-cat bounce and that peak economic levels seen in 2018-2019 will not come back for a long-time... and by a long-time... years."Time Stamp References:1:10 - Recovery and risks.2:40 - Long-term Fed Policy consequences.8:20 - Fed paving the way for more socialism.11:10 - Money printing, asset prices, and unemployment.14:50 - Contrasting China Vs. the Wes...Read More
TOPICS IN THIS INTERVIEW:- Metals vulnerable to corrections due vs. evidence of the COT reports.- Silver has one ETF.- Non-reportables are going long.- Fed has to finance the government deficits.- Major banks at the greatest risk of failures.- The mainstream Keynesians are inflation believers.- Food price inflation is rising.- Dislocation of money flows.Alasdair Macleod is head of research for Gol...Read More
Since we met David Erfle several years ago, he was convinced that the key to future wealth was in mining stocks. He runs one of the most transparent and interactive newsletters around. Fast forward to now and we see that David was correct. His stocks are way way up and they're barely getting started. To David, the recent pull back is welcome news. We don't want to see a parabolic rise as that inev...Read More
?EUR
Deflation had devastating affects in the 1930's and it may have worse affects in the near future. But watching this video and educating yourself will help you be prepared for whatever happens and THRIVE in any situation! 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 m...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
Amidst looting of stores in downtown Chicago on Sunday night, it has now emerged that rioters also attacked a charity building with sick children inside.Continue...Read More
As we attempt to peel back the layers of PR stunts and puff pieces fawning over Bill Gates, we hope to illustrate that the man being propped up on the global stage and sold to the people as their savior, is anything but. Continue...Read More
After superb and for many gold miners record breaking Q2 earnings numbers (remember that Q2 2020 ended before gold prices went over $2k an oz), many gold miners are now hiking dividends. The gold mining sector is the only sector where margins have expanded rapidly, free cash flow has increased a lot and there is big dividend hikes. Jason Burack is an investor, entrepreneur, financial historian, Au...Read More
What most investors don't understand is that to own a gold ETF like GLD is no better than to have a futures contract in gold.Continue...Read More
Jordan Roy-Byrne shares some of his recent research on how the corrections during the last bull market in gold, over a decade ago, compare to the price action in gold over the past 4 days. We do the same for gold stocks broadly early on in the bull market.Jordan Roy-Byrne, CMT is a Chartered Market Technician and member of the Market Technicians Association.. He is the publisher and editor of TheD...Read More
Gold prices saw their worst daily drop since 2013 on Tuesday. This sharp pullback was due to profit taking and did not detract from the long-term bullish picture, said Gary Wagner, editor of TheGoldForecast.com."Personally, I do not believe it's the end of a bull rally. We have entered some sort of a correction. The question I'm asking myself and the technical studies I'm looking at for the answer...Read More