The latest forecasts from Fastmarkets' team of analysts are ready to view.Chinese steel scrap prices were supported by firm downstream steel prices earlier this year, but they fell sharply over the second half of May. The drop in scrap prices in the latter half of the month came after authorities signalled a wish to cool down commodity prices, including those for steel and steelmaking raw material...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
I have my doubts whether the Putin-Biden summit in Geneva will take place later this month, but even if somehow it is pulled off, recent Biden Administration blunders mean the chance anything of substance will be achieved is virtually nil.The Biden Administration was supposed to signal a return of the "adults" to the room. No more bully Trump telling NATO it's useless, ripping up international cli...Read More
0:00 Intro1:31 Inflation or not6:04 Bubble of everything9:38 When to sell gold11:14 Silver as dividends12:48 Dollar Hegemony15:56 Basel III18:59 Natural Resource Symposium22:45 Rick's top silver companies25:26 When to sell stocks26:49 Sprott's silver purchases31:35 Sprott's Uranium fund34:24 Natural Resource Symposium info36:41 Rick's offerRick Rule gives an inside look into the physical silver sh...Read More
President Putin, in reflecting on present U.S.-British-NATO policies - which include endless wars and endless sanctions - said that he can see, as a former citizen of the Soviet Union - that the U.S. "is now walking the Soviet Union's path, and its gait is confident and steady." Look at the murderous effects of the Caesar Sanctions against Syria, which besides denying food, medicine and other esse...Read More
Here are five Fastmarkets stories you might have missed on Monday June 7 that are worth another look.ArcelorMittal is seeking approval from European authorities for its acquisition of steelmaking assets in France that belong to Liberty Steel, the European Commission (EC) said on June 7.Fresh deals for the supply of aluminium ingot...Read More
In the next few years, the world could see almost 60 maximum security Level 4 virology labs in operation. Continue...Read More
If the Fed couldn't normalize rates before, how could it possibly come close to doing so now?Continue...Read More
A civilized society rests on truth and fact, not on deception and deceit. As truth and fact Continue...Read More
The calls for Fauci to resign are growing louder. Fauci is a disgrace. He has admitted fundingContinue...Read More
'The most compelling reason to favor the lab leak hypothesis is firmly based in science,' the experts wrote, stating that 'COVID-19 has a genetic footprint that has never been observed in a natural coronavirus.'Continue...Read More
"Next week I will send to congress a bill that will make bitcoin a legal tender," said Bukele. El Salvador President Nayib Bukele plans Continue...Read More
Surging construction costs to build a new home is not sustainable and is becoming a pain in the arse for homebuilders and prospective Continue...Read More
While many of us have been watching the manipulation in the gold and silver markets and wondering if there would ever be an end in our lifetimes, it's often been easy to feel as if the fraud might continue forever. But keep in mind that time has a way of resolving the things that seem impossible on a day-to-day basis, and if you were wondering whether if there's even a chance that the new Basel 3...Read More
The export market for steel billet originating from the Commonwealth of Independent States was quiet on Monday June 7 with no trading reported due to an offer-bid mismatch. Billet offers from CIS producers were heard in the range of $650-670 per tonne fob on Monday, little changed compared with the end of last week. No buying activity was reported for these offer prices. Small tonnages of billet f...Read More
Shares of U.S. Concrete Inc. traded 29% higher after the company reported it entered into a definitive merger agreement to be acquired by Vulcan Materials for $74 per share in cash, equating to a total equity value of $1.294 billion. Prior to the opening of U.S. markets today, ready-mixed concrete and aggregate products company U.S. Concrete Inc. (USCR:NASDAQ) announced that it entered into a def...Read More
The Indian silico-manganese export price moved up for the fourth week in a row on Friday June 4, extending its longer-term rally since February 12 on renewed steelmaker demand and tight availability. Fastmarkets assessed the silico-manganese, 65% Mn min, min 16% Si, fob India price at $1,400-1,430 per tonne on Friday, up by about 3.3% from $1,360-1,380 per tonne week on week. The price is at...Read More
Inflation broke into the economy violently. It’s a destructive, dark force. But gold can resist it, being after all a much stronger asset than Anakin Skywalker.Last month, I wrote that “inflation is knock, knock, knockin’ on golden door”. I was wrong. Inflation didn’t knock, it broke down the door! Indeed, as the chart below shows, the core CPI surged 3%, while the ov...Read More
ArcelorMittal is seeking approval from European authorities for its acquisition of steelmaking assets in France that belong to Liberty Steel, the European Commission (EC) said on Monday June 7."ArcelorMittal confirms that it has submitted an offer to acquire the Hayange and Ascoval steel plants which are currently owned by GFG Alliance," ArcelorMittal said.A deadline for publication of the provisi...Read More
S&P 500 wasted another good opportunity to rise – onewhere the credit markets were largely aligned. Is it a sign of upcoming tremorsthat the 500-strong index couldn‘t defend the daily gains? Commodities weren‘tunder pressure, the dollar wasn‘t surging (looking at the closing prices),precious metals did well, and even lumber enjoyed a white candle again. Inflation expect...Read More