Most people don't fathom the sheer size of Elon Musk's wealth.Love him or hate him, you have to give Musk credit for amassing a fortune of about $152 billion to date.Mind you, he's about one or two tweets from surpassing Jeff Bezos' own horde of $186 billion and within range of the $193 billion possessed by Bernard Arnault, a French investor and currently considered the world's richest person.Look...Read More
Here are five Fastmarkets stories you might have missed on Thursday June 10 that are worth another look.The European Commission (EC) plans to set a carbon border adjustment mechanism (CBAM) for imports of some goods, including steel and aluminium, to prevent the risk of carbon leakage, according to...Read More
The United States' hot-rolled coil steel import prices have surged to an all-time high, with buyers worldwide competing for limited material."There's not a lot of steel available, not here or anywhere else," a distributor source said.Fastmarkets' assessment for steel hot-rolled coil, import, ddp Houston was at $1,540-1,610 per short ton ($77.00-80.50 per hundredweight) on Wednesday June 9, up...Read More
Domestic prices for hot-dipped galvanized steel coil in Europe were fairly stable in the week to Wednesday June 9, despite slower trading activity, sources have told Fastmarkets.The domestic prices have been supported by good order books at mills in Northern European, with Italian steelmakers offering material from fourth-quarter rolling, market sources said. Some steelmakers have also started off...Read More
Here are five Fastmarkets stories you might have missed on Thursday June 10 that are worth another look.The European Commission (EC) plans to set a carbon border adjustment mechanism (CBAM) for imports of some goods, including steel and aluminium, to prevent the risk of carbon leakage, according to...Read More
Steel reinforcing bar prices in the United States increased again on Wednesday June 9, with another round of mill hikes expected soon.Fastmarkets' assessment for steel rebar, fob mill US was $44.50 per hundredweight ($890 per short ton) on Wednesday, up 1.14% from $44 per cwt the previous week.US marketThe increase follows recent mill hikes, rising shredded scrap prices in Chicago and Detroit...Read More
Prices for steel billet imported into Egypt remained stable during the week to Thursday June 10 amid recovering demand, sources told Fastmarkets.New regulations for construction in the country that allow new building permits, in effect from June 1, have buoyed demand, sources said.New construction projects are still limited due to the detailed procedures to access permits but a partial removal of...Read More
Here are five Fastmarkets stories you might have missed on Thursday June 10 that are worth another look.The European Commission (EC) plans to set a carbon border adjustment mechanism (CBAM) for imports of some goods, including steel and aluminium, to prevent the risk of carbon leakage, according to...Read More
The emergence of an additional Wednesday deep-sea scrap purchase by a Turkish steel mill has helped to keep prices on a upward trend, sources told Fastmarkets on Thursday June 10.The cargo from Canada was booked by a still mill in the Iskenderun region, comprising 9,500 tonnes of HMS 1&2 (95:5), 7,500 tonnes of rails and 12,000 tonnes of plate & structural (P&S) scrap at an average price of $...Read More
The latest deals for containers of steel scrap imported into Bangladesh over the past seven days have shown small price increases from deals in the previous week, sources told Fastmarkets on Thursday June 10.Overall scrap demand in the country remained low, particularly given the start of the monsoon season this month, but sources said that buyers in the container market have been forced to raise...Read More
Marc Faber, the Editor and Publisher of "The Gloom, Boom & Doom Report"' sits down with Stelios Kontogoulas and Blake Morrow of Traders Summit in this insightful financial markets interview. Marc gives his thoughts on the current surge of inflation, the FOMC and how they may respond with monetary policy. Furthermore, he shares his thoughts on global growth, the jobs picture, the bond market and wh...Read More
Join Mike Maloney, Jeff Clark and Adam Taggart as they discuss some of the latest news including inflation expectations, Bitcoin as legal tender and housing priced in gold. It's all here in today's video update, thanks for watching.Download Mike's best-selling book for free here: https://pages.goldsilver.com/freebook Thanks for sharing and clicking that 'Like' button. For those wondering why our v...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
00:00 - Intro00:58 - Will Inflation be transitory?10:15 - Are Stocks Overvalued8:15 - Will we see out of control inflation like the 70s?21:24 - What currency is an alternative to the dollar?23:22 - Is real estate in a bubble?27:22 - Is Gold in store for a big move?30:02 - Is crypto taking a bite out of gold?31:54 - Oil is Undervalued!42:26 - Uranium44:31 - Where to learn more Jesse Felder is a for...Read More
As we enter into a period of hyperinflation, which will steal the life's work of middle-class families, while shutting down more industries and businesses than a year of lock-downs has, why not learn from the past? The 1933 Glass Steagall bill reined in bank and financial speculation, by defending commercial banks and their depositors, while forcing the speculators in investment banks to eat their...Read More
May's data is not in yet, but through April 2021, central banks have bought a net 164 tons of physical gold. World Gold Council tracks central bank gold purchases (Q1 2021 numbers) here: https://www.gold.org/goldhub/research...Central Banks Add Another 69 Tons of Gold to Reserves in April https://schiffgold.com/key-gold-news/...Russia lines up new Gold Buying through its Sovereign Wealth Fund http...Read More
0:00 - Introduction0:52 - Alt. Education5:19 - Speculating in Mining8:41 - Private Placements14:09 - Bubbles & Stimulus15:22 - Stimulus Storm17:06 - Bitcoin & Sound Money21:06 - Transitory Inflation?24:34 - MMT & UBI26:14 - Unintended Consequences28:26 - Climate Change & Lockdowns31:40 - Western Understanding33:30 - Diversifying Your Risk37:26 - Book Series40:39 - Concluding Thoughts41:43 - Wrap U...Read More
1. CPI number comes in slightly hotter than expected. Total CPI increased 0.6% month-over-month in May. Core CPI, which excludes food and energy, climbed to 0.7%. This number could be the catalyst for yields rising by 3 basis points on the 10-year U.S. Treasury Note to 1.518%. Yields are back to flat. 2. Initial weekly jobless claims.Initial Weekly Jobless Claims for the week ending June 5th decre...Read More
Here are five Fastmarkets stories you might have missed on Thursday June 10 that are worth another look.The European Commission (EC) plans to set a carbon border adjustment mechanism (CBAM) for imports of some goods, including steel and aluminium, to prevent the risk of carbon leakage, according to...Read More
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 multiple businesses ranging from conventions to advertising. The last growing to 24 million in annual revenues and over 100 employees. After 12 years as a successful entrepreneur, at the age of 38, George semi retired and...Read More