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 warned that reliable sources have been telling me Continue...Read More
Something you probably haven't heard on CNN, MSNBC or any of the other state-run media agencies: electric cars require vast amounts of resources and mining.Continue...Read More
"We have a lot of cash and capability and we're going to be very patient, because I think you have a very good chance inflation will be more than transitory," said Dimon, the longtime JPMorgan CEO.Continue...Read More
The American people need to know Joe Biden's justice department is holding political prisoners in a jail in Washington DC. It was opened to hold Jan 6 defendants that was denied bail. This is a political prosecution against Trump supporters.Continue...Read More
"We're hostages...The whole time we're being intimidated." Spike in violence linked to illegal mining activities prompts Indigenous Continue...Read More
"There's the possibility that the Fed may indicate that they're going to start tapering, which should weigh Continue...Read More
The European ferro-silicon market moved up by almost 5% over the week to Friday June 11, with new deals reported by both traders and producers amid tight domestic supplies, limited replacement options from overseas and steady demand, according to trade sources.There has been reduced domestic production in Europe since Ferroglobeidled its production in late 2019, with only a small amount of output...Read More
Kenorland Minerals has been digging up some high-grade numbers at its JV Regnault gold project. Kenorland. It sounds like one of a half dozen or so quirky dramas airing on Paramount+ but if it were a TV show given its recent exploration success it would likely be primetime viewing on the Discovery Channel.In late May, Kenorland Minerals Ltd. (KLD:TSX.V) reported that the recent 8,600-meter drilli...Read More
With long steel prices in Europe reaching historically high levels, construction activity is slowing in some regions due to reduced supplies and delays, with some market sources fearing a decline in industrial activity long term.Surging pricesLong steel prices in the European Union started increasing in the third quarter of 2020 on a pick-up in consumption and a recovery from the impact of the Cov...Read More
Gold endured a 20% correction over eight months. A 15% rebound followed that in two months. It has retraced some, but not a majority of the losses.This action is all part of the handle of a super bullish cup and handle pattern.The handle itself is part of a much larger bullish consolidation, but the market is approaching resistance within the handle.Below we plot GDXJ, GDX, Gold, and Silver. As yo...Read More
Inflation is back, and that’s usually depicted as good for gold. But is the yellow metal still a hedge against inflation, or has something changed?Inflation has returned. This is partly understandable. After all, during the Covid recession , consumers and businesses accumulated a lot of cash as their spending was reduced, while revenues were sustained by money transfers from the government....Read More
The European Commission plans to start an anti-dumping investigation into hot-dipped galvanizing coil from Turkey and Russia, market sources told Fastmarkets on Friday June 11. Multiple market participants said that European steel association Eurofer has lodged a complaint and that the executive arm of the European Union is likely to announce the start of the case soon. Eurofer declined to comment...Read More
The European Commission (EC) will extend the existing safeguard measures on 26 steel products imported into the European Union by three years, market sources told Fastmarkets on Friday June 11.Quota volumes for all 26 steel products will increase by 3% year on year - lower than the 5% rise expected by market participants.The draft document of the adjusted measures was released to member states on...Read More
Here are five Fastmarkets stories you might have missed on Monday June 14 that are worth another look.Brazilian steelmaker Usiminas will restart its No2 blast furnace (BF) at the Ipatinga mill, in southeastern Minas Gerais state, after almost eight months of downtime, the company said in a filing...Read More
The latest forecasts from Fastmarkets' team of analysts are ready to view.This month's key North American steel forecast highlights:?EUR? US sheet prices hit record highs again in May, with upward momentum persisting into June. Actual US hot-rolled coil prices averaged $1,553 per ton in May, largely in line with our forecast of $1,540 per ton. Prices remain supported by strong underlying sup...Read More
Manganese ore prices dropped on Friday June 11 after buyers in China staged resistance to rising offer prices from miners and liquidity decreased. Fastmarkets' index for manganese ore 44% Mn, cif Tianjin was calculated at $5.12 per dry metric tonne (dmtu) on Friday, down by 3.21% from $5.29 per dmtu a week earlier.Fastmarkets' manganese ore index 37% Mn, cif Tianjin edged down by 0.21% t...Read More
Futures prices on the London Metal Exchange were mixed at the close on Monday June 14, with a quiet day of trading for such metals as copper due to the Dragon Boat Festival holiday observed in China. Nickel logged the biggest price gain on Monday, with the three-month contract rising by 1.39% to $18,480 per tonne from Friday's closing price of $18,227 per tonne and by 3.29% from the...Read More
Here are five Fastmarkets stories you might have missed on Monday June 14 that are worth another look.Brazilian steelmaker Usiminas will restart its No2 blast furnace (BF) at the Ipatinga mill, in southeastern Minas Gerais state, after almost eight months of downtime, the company said in a filing...Read More
With long steel prices in Europe reaching historically high levels, construction activity is slowing in some regions due to reduced supplies and delays, with some market sources fearing a decline in industrial activity long term.Surging pricesLong steel prices in the European Union started increasing in the third quarter of 2020 on a pick-up in consumption and a recovery from the impact of the Cov...Read More