Domestic prices for hot-rolled coil in Europe decreased day on day on Thursday June 4 due to low demand, sources have told Fastmarkets.Fastmarkets' daily steel hot-rolled coil index, domestic, exw Northern Europe, was calculated at ?,?400.08 ($448.70) per tonne on June 4, down by ?,?1.92 per tonne from ?,?402.00 per tonne on Wednesday.Thursday's index was calculated based on deals heard at ?,?400-...Read More
Global demand for steel will decrease by 6.40% year-on-year in 2020 due to the effects of Covid-19 pandemic lockdown measures, the World Steel Association (Worldsteel) said on Thursday June 4.Steel demand this year will drop to 1.65 billion tonnes, Worldsteel said in its Short Range Outlook for June 2020, but will recover in 2021 to 1.72 billion tonnes, which would be up by 3.80% year-on-year.This...Read More
Turkish domestic long steel prices have increased slightly over the past week in line with rising imported scrap costs and improving demand, sources said on Thursday June 4.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar) domestic, exw Turkey was 3,250-3,300 lira ($483-491) on Thursday, up from 3,230-3,290 lira per tonne last week, including 18% VAT.Domestic rebar prices in t...Read More
Spanish steelmaker Celsa is to investigate the use of hydrogen to replace its fossil-fuel energy sources in a project at its Nordic region site, the companies involved jointly announced on Wednesday June 3.Celsa Armeringsst??l, of the Celsa Group, has teamed up with Mo Industripark and renewable energy company Statkraft, and has signed a letter of intent to establish a green hydrogen value chain f...Read More
The recent tariffs and trade wars had already stretched global supply chains to breaking point, but the Covid-19 pandemic broke those chains, according to a report by Gold Street Advisors (GSA).In a wide-reaching analysis on the impact of the pandemic on metals markets and what will change in its aftermath, the New York, United States-based asset management and risk advisory firm said that going f...Read More
The latest forecasts from Fastmarkets' team of analysts are ready to view.The latest forecasts from Fastmarkets' team of analysts are ready to view.Iron oreSentiment in the iron ore market continues to be dominated by concerns about supply disruptions in Brazil. Prices spiked above $100 per tonne after reports that there had been a recent surge of Covid-19 cases at Vale's three mines in Itabira. A...Read More
Daniel R. Amerman While the use of gold to protect against inflation is well known, it has other investment attributes that are potentially even more valuable, and this is particularly true in times of crisis.In this analysis, we will examine the relative performance of gold and stocks (as represented by the S&P 500) between early February and late May, as the coronavirus pandemic and the resul...Read More
RambusFrom the March 23rd low in the PM complex we've enjoyed the first easy part of this rally that should have many years to run yet. Every bull market will consist of an impulse move followed by a consolidation period, rinse and repeat until the bull market ends with some type of reversal pattern. Normally in a secular bull market the turning points will generally be very large to buildup the...Read More
By: Ira EpsteinGold still not in a new trend short-term, higher high and lower low. If sell-off continues, the 100 DMA is near $1,655:Read More
Turkish deep-sea scrap bookings have continued for July shipments at slightly stronger prices, sources said on Thursday June 4.A steel mill in the Iskenderun region booked a Canadian cargo, comprising 30,000 tonnes of shredded at $263 per tonne cfr.This compared with the most recent United States-origin cargo sold at...Read More
Renown investor and world traveler Jim Rogers joins David Gornoski to discuss pandemic politics, lockdowns, the future of Asia, America's debt crisis, and lessons from world travel.*This interview was recorded on 5/28/20Jim Rogers co-founded the Quantum Fund with George Soros in 1973, helping to steer the fund to a 4200% return before "retiring" at age 37. He is considered to be one of the greates...Read More
An in-depth discussion with legend James Grant. Topics include his recent book on Walter Bagehot and the long history of monetary policy. The last twenty minutes are highly relevant to the current atmosphere, as we discuss the political implications of recent aggressive monetary policy action.*This interview was recorded on 5/30/20James "Jim" Grant is an American writer and publisher and the found...Read More
Time Stamp References:0:35 - His early career and training.4:00 - Momentum methodology.11:30 - Momentum structuring and charts.18:00 - Silver momentum chart.27:20 - General equity second leg down.35:00 - Fed is very concerned.38:35 - GDX Outlook.Tom welcomes a new guest, Michael Oliver, to the program. Michael discusses his early career back in the mid-70s when gold was legalized. At the time, he...Read More
Todays interview is with Ross Beaty, Ross is the owner of many precious metal companies. Ross discusses how the economy will take a long time to recover and how gold will break out and fiat currency will eventually be exposed. Read More
Gold & silver mine nationalization? Confiscation and revaluing of gold? Curtailed options for venues to trade in precious metals? COMEX physical delivery notices? New concerns revealed from this lockdown of everything?David Morgan, co-author of "Second Chance: How to Make and Keep Big Money from the Coming Gold and Silver Shock-Wave," and known as "The Silver Guru," returns to Liberty and Finance...Read More
Turkish steel billet prices increased over the past week due to strengthening demand and rising imported scrap values, sources said on Thursday June 4.Turkey has had a drop in the number of deaths related to the Covid-19 pandemic in the past few weeks with the reduced restrictions including a removal of the ban on travel, leading to some improvement in the steel markets.Domestic billet prices in T...Read More
There appears to be good information that pallets of bricks are being bought and delivered around cities by Acme Brick Company, which was bought in 2000 by Warren Buffet's Berkshire Hathaway. Continue...Read More
ANTIFA: "Practice things like an eye gouge, it takes very little pressure to injure someone's eyes."Full story: https://www.projectveritas.com/news/antifa-practice-things-like-an-eye-gouge-it-takes-very-little-pressure-to/Project Veritas was founded by James O'Keefe. The mission of Project Veritas is to investigate and expose corruption, dishonesty, self-dealing, waste, fraud, and other misconduct...Read More
Lior Gantz has been called a thrill-seeking entrepreneur by his team, and as such, he built and runs numerous successful businesses, and has traveled to over 30 countries in the past decade in pursuit of thrills and opportunities, gaining valuable knowledge and experience. With Wealth Research Group, Lior allows readers access into the world of the few who beat the markets consistently for decades...Read More
Small business is tanking in Canada. 45% of the population is on some form of government aid. Too many people have no chance of going back to work. The government appears powerless to do anything about it. Of course our neighbor to the North is dependent upon the US economy, or what's left of it. The civil unrest will also have an effect upon the Canadian economy. Perhaps there are countervailing...Read More