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Biden Administration Asks Americans to Report 'Potentially' Radicalized Friends and Family

June 15, 2021 / marketsanity.com

"We will work to improve public awareness of federal resources to address concerning or threatening behavior before violence occurs." "This involves creating contexts in which those who are family members or friends or co-workers know that there are pathways and avenues to raise concerns and seek help for those who they have perceived to be radicalizing and potentially radicalizing towards violenc...Read More

Hunter Biden tells matchmaker - 'No yellow asian women'

June 16, 2021 / marketsanity.com

During the January 2019 conversation with his cousin, Hunter, then age 49, said he wanted to date 24-year-olds because they were 'easy to impress.'Continue...Read More

Fed raises inflation expectations sharply

June 16, 2021 / marketsanity.com

"The Committee's assessments will take into account a wide range of information, including readings on public health, labor market conditions, inflation pressures and inflation expectations, and financial and international developments."Continue...Read More

U.S.-China relationship 'going down a path of great confrontation,' analyst says

June 14, 2021 / marketsanity.com

"I think we are going to see an increase in the conversation about the decoupling and more conversations about 'Are we going into another Cold War between these two economies?'"Continue...Read More

Gold price plunges as Powell says inflation will be like the 'lumber experience'

June 16, 2021 / marketsanity.com

"Over time, these things driving up inflation will be temporary ... The experience with lumber prices is illustrative of this. Prices that have moved up really quickly because of the shortages and bottlenecks Continue...Read More

Brace For Volatility In Gold/Silver | Andy Schectman

June 15, 2021 / marketsanity.com

We could see volatility in metals markets in the coming weeks due to a short-term rise in the Dollar. Andy Schectman believes in the long-run, the Dollar's days are numbered, and China is positioning itself to be the next world power.0:00 Intro2:09 Privacy & reporting?EUR<10:22 Purchases & reporting10:53 Buybacks & reporting16:26 Volatility coming21:47 Weekly specialAndy Schectman is the President...Read More

Hyperinflationary Expectations: Reflections on Cryptocurrency and the Markets

June 16, 2021 / www.theaureport.com

Sector expert Michael Ballanger offers insights from bear markets of the past to illuminate the "business of money." How quickly we forget.In each of the last five bear markets since the 1970s, I have etched into my neural storage unit memories as strong and clear as if they happened yesterday. Each one of those nasty declines were accompanied with events that marked the tops and bottoms, consis...Read More

EUROPE SECTIONS: Market looks for stability as price rises level off

June 17, 2021 / www.metalbulletin.com

Prices for steel hollow sections in Europe remained flat on Wednesday June 16 with feedstock costs remaining stable, sources told Fastmarkets.Fastmarkets' price assessment for steel sections (medium), domestic, delivered Northern Europe, was ?,?1,320-1,340 ($1,600-1,625) per tonne on June 16, unchanged week on week."Stocks are diminishing rapidly, and new rollings are hard to come by with hot-roll...Read More

EUROPE BEAMS: Uptrend continues, mills fill order books

June 17, 2021 / www.metalbulletin.com

European steel H-beam prices rose again on Wednesday June 16, with some mills closing their order books for July bookings, sources told Fastmarkets.Fastmarkets' weekly price assessment for steel beams, domestic, delivered Northern Europe was ?,?1,000-1,030 ($1,212-1,249) per tonne on June 16, up from ?,?970-1,000 per tonne one week earlier.Various European mills have stepped out of the market...Read More

Inflation Soars 5%! Will Gold Skyrocket? / Commodities / Gold and Silver 2021

June 16, 2021 / mail.marketoracle.co.uk

With the CPI annual inflation rate spiking 5% in May, gold could have gained a lot in response. However, it rallied only $20. Should we prepare for more?Whoa! Inflation soared 5% in May – quite a lot for a nonexistent (or transitory) phenomenon! But let’s start from the beginning. The CPI rose 0.6% in May, after increasing 0.8% in April. Meanwhile, the core CPI, which excludes food and...Read More

Four News Events That Could Drive Gold Bullion Demand / Commodities / Gold and Silver 2021

June 16, 2021 / mail.marketoracle.co.uk

The halfway point of the year is quicklyapproaching. Dwindling confidence and concern over the direction of the countryalong with rising inflation expectations continue to drive strong demand for physical gold and silver. Thattrend appears set to continue through the second half of 2021.Here are a few big stories with thepotential to drive bullion buying in the months ahead. Federal Reserve May Be...Read More

Gold Time for Consolidation and Lower Volatility / Commodities / Gold and Silver 2021

June 14, 2021 / mail.marketoracle.co.uk

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

CHINA AUTO: Chip shortage hits vehicle output, sales in May

June 17, 2021 / www.metalbulletin.com

Chinese automotive production and sales figures both fell on a monthly and annual basis, although figures for new energy vehicles still increased, according to the data from the China Association of Automobile Manufacturers (CAAM).Carmakers produced 2.04 million units in May, down by 8.70% month on month and 6.80% year on year, while sales came to 2.13 million units, down by 5.50% from April 2021,...Read More

Is Gold Really an Inflation Hedge? / Commodities / Gold and Silver 2021

June 14, 2021 / mail.marketoracle.co.uk

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

Italian steel distributors call for removal of EU safeguard measures

June 17, 2021 / www.metalbulletin.com

The Italian steel distributors association, Assofermet, is calling for the complete removal of safeguard measures in Europe to protect steel users and consumers from the effects of the record high prices currently seen in the market. The association demanded the removal of the import controls on 26 steel products after the European Commission proposed extending the current measures for another thr...Read More

EU GREEN STEELMAKING: Voestalpine holds patent for carbon-neutral pre-material for green steel output

June 17, 2021 / www.metalbulletin.com

Austrian steelmaking group Voestalpine has developed an industrial scale process for carbon-neutral steel production without the use of fossil carbon and secured the intellectual property rights to the process from the European Patent Office, the company said on June 15.The patent is valid in all major European steel manufacturing countries and specifically covers the production of sponge iron - d...Read More

IN CASE YOU MISSED IT: 5 key stories from June 15

June 17, 2021 / www.metalbulletin.com

Here are five Fastmarkets stories on Tuesday June 15 that are worth another look.With responsibilities across Tata Steel's diverse international portfolio of steelmaking assets, chief executive officer and managing director T V Narendran has a wide-ranging view of, and experience in, the global steel industry. He told Kunal...Read More

IN CASE YOU MISSED IT: 5 key stories from June 16

June 17, 2021 / www.metalbulletin.com

Here are five Fastmarkets stories you might have missed on Wednesday June 16 that are worth another look.European non-integrated steel traders and wire rod processors strongly oppose the European Commission's proposal to extend import safeguard measures for three more years, claiming that the decision neglects the interests of...Read More

GLOBAL TIN WRAP: Premiums soar in US, Europe, but hold in Asia

June 17, 2021 / www.metalbulletin.com

Deteriorating shipping conditions and a continuing lack of production from the giant Malaysia Smelting Corp pushed Western tin premiums to new peaks in the week to Tuesday June 15.US premiums routinely surpass $3,000 per tonneEuropean traders foresee further rises from MSC, soaring shipping costsCovid-19 pandemic factors into subdued trade in Taiwan.US buyers shocked by premiumsTin premiums in the...Read More

GLOBAL NICKEL WRAP: US premiums jump; miners' strike at Vale enters third week [CORRECTED]

June 17, 2021 / www.metalbulletin.com

Nickel premiums in the United States rose again in the seven days to Tuesday June 15 on the back of continued strikes at Vale's Sudbury mine, while premiums in Asia and Europe remained stable in a week of low liquidity.US briquette premium rises 16.7%, surpassing 20 cents per lb for the first time since 2019 Arbitrage losses continue in China, although spot market quiet due to national holidayEuro...Read More

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