Regarding the sharp sell off on Wednesday, Hug lays the blame on lots of long positions that needed lightening ahead of the Fed announcement."They were just making sure that if the Fed said something different...they would be able to take some money off the table. And I think that caused the selling today," said Peter Hug, head of Kitco's precious metal division.Peter Hug has been involved in prec...Read More
Two renowned economists debate the political and economic climate and offer a unique "Washington to Wall Street" perspective on the long- and short-term implications of the Presidential election results on investors' portfolios.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 Globa...Read More
Domestic long steel prices have gone down in Turkey over the past week in line with poor demand and a slight recovery in the Turkish currency, sources said on Thursday August 20.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), domestic, exw Turkey, was 3,790-3,810 ($516-519) per tonne on Thursday, slightly down from the 3,810-3,870 lira per tonne of last week.The steel mills...Read More
Jason Hartman, famed investor, shares insights ??'? YOU NEED TO KNOW ??'^ if you're interested in what's happening in the real estate market! Are prices going up or down, are we seeing a exodus from urban areas to the suburbs and rural areas? And much much more. Incredible intel you just won't find anywhere else! Jason Hartman shares his years of experience in this info packed episode of The Rebel...Read More
"I just got banned from @Delta for posting a picture. Wow."Continue...Read More
China, on the other hand, "did a very good job of suppressing the virus," due to the "typical, fairly authoritarian" approach and the "individual rights that were violated."Continue...Read More
Back in the simpler days of 2019, there was this (now completely forgotten) impending crisis in which emerging market countries' dollar-denominated debt was going to blow up their - and by extension the rest of the world's - economies.Continue...Read More
Investors who have swallowed the theory of the bulls that we will have a "V-shaped" economic recovery, and continuation of the bull market, may be disappointed. We are already seeing signs of a bear market rally top.Continue...Read More
Stephen Roach, senior fellow at Yale University, examines the impact of a large budget deficit on the U.S. dollar. Stephen S. Roach, former Chairman of Morgan Stanley Asia and the firm's chief economist, is a senior fellow at Yale University's Jackson Institute of Global Affairs and a senior lecturer at Yale's School of Management. He the author, most recently, of Unbalanced: The Codependency of A...Read More
Mohamed El-Erian, chief economic advisor at Allianz, joins "Squawk Box" to discuss how the economic recovery compares to the market's trajectory.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 funds in the world. Dr. El-E...Read More
"Amy, 11, becomes fascinated with a twerking dance crew. Hoping to join them, she starts to explore her femininity, defying her family's traditions."Continue...Read More
"COVID is now the No. 3 cause of death in the U.S. - ahead of accidents, injuries, lung disease, diabetes, Alzheimer's, and many, many other causes."Continue...Read More
"Honey is a frequently used lay remedy that is well known to patients. It is also cheap, easy to access, and has limited harms. When clinicians wish to prescribe for URTI, we would recommend honey as an alternative to antibiotics.Continue...Read More
California has the least reliable electrical power system in the United States. It isn't even close.Continue...Read More
"I am so afraid of a democracy getting the idea that you can just print money to solve all problems and eventually I know that will fail."Continue...Read More
What we are seeing in the gold market is a consolidation after a period of exceptional price strength. This is healthy for the long-term bull market.Continue...Read More
"High powered drones will be used to find people not wearing masks and cars too far from home." Continue...Read More
Turkish steel producers continued to stay out of the deep-sea scrap market on Thursday August 20, due to continuing weak demand in the domestic and export finished long steel markets, sources told Fastmarkets.Having booked some US and Baltic Sea cargoes at $285 per tonne cfr for HMS 1&2 (80:20) on August 7, mills in Turkey paused their deep-sea activity due the l...Read More
The latest forecasts from Fastmarkets' team of analysts are ready to view.There has been an increasing bullishness in Chinese steel market sentiment recently, with rising post-Covid-19 optimism about the country's economy for the second half of 2020, especially after the government announced an infrastructure spending boost. Although we believe that high prices are justified, they remain far from...Read More
Seaborne iron ore prices were largely stable on Thursday August 20 in a much calmer market than the previous three days of trading, sources told Fastmarkets.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $129.32 per tonne, up $0.23 per tonne 62% Fe low-alumina fines, cfr Qingdao: $128.59 per tonne, up $0.20 per tonne.58% Fe fines high-grade premium, cfr Qingdao: $114.95 per tonne, up $0.4...Read More