The truth is America has lost its way if commoners pay a rate of 40% but its billionaires pay next to nothing.Continue...Read More
Our greatest problem has been that Bill Gates has his tentaclesContinue...Read More
You better wake up. You are the problem in their eyes and Continue...Read More
It appears Mayor De Blasio is doubling-down on his vaccine-focused approach, ordering even more restrictive policies. According to the NYT, the mayor plans to announced that NYC will require proof of vaccination for people participating inContinue...Read More
As states begin to re-issue mask mandates, doctors around the world are revealing what many of us knew months ago: cloth masks do almost nothing. Unless you're wearing an N-95, you're just playing dress up.Continue...Read More
Hardly a word is uttered anymore about the pension crisis, even though, at least from an economic perspective, it completely dwarfs the other issues.Continue...Read More
Sunspot activity has fallen off from the hyperactivity of the 1990s and early 2000s. More sunspots, more sun, higher temperatures. Carbon dioxide has scant effect on this.Continue...Read More
"The market is fixated on when the Fed will taper and Friday's jobs number could Continue...Read More
Looking ahead, the obvious zone for the bears to target is the break of the psychological $25/oz area. Continue...Read More
Peter Krauth of Gold Resource Investor looks at macroeconomic factors and explains why he believes gold and gold stocks are good buys right now. It's been a whole year since gold hit its all-time high near $2,060.Since then, the precious metal has been in a correction phase that has seen it, along with gold miners, remain range-bound.But that may be about to end.All the fundamentals that pushed g...Read More
Rio Tinto's H1/21 cash flow, various EBITDA numbers, interim dividend and recent funding are covered in a BMO Capital Markets report. In a July 28 research note, BMO Capital Markets analyst Alexander Pearce reported Rio Tinto Plc's (RIO:NYSE; RIO:ASX; RIO:LSE; RTPPF:OTCPK) "strong" H1/21 results and recent funding.Rio Tinto was expected to generate strong cash flow in H1/21, "and it didn't disapp...Read More
A Haywood report explains the positive drill results from K92 Mining's Kora. In a July 22 research note, Haywood Securities analyst Geordie Mark reported that K92 Mining Inc. (KNT:TSX.V) just announced a positive drilling update on underground drilling at Kora."The consistency in hitting gold mineralization at Kora is impressive. . .step outs continue to show growth potential without bounds," Mar...Read More
ArcelorMittal Europe has launched new long steel products under its XCarb brand which are claimed to offer a reduced carbon footprint, with the intention of supporting the construction industry's efforts to meet environmental protection goals, the company announced on Friday July 30.ArcelorMittal Europe's Long Product division said that environmental production declarations (EPDs) were now availab...Read More
Here are five Fastmarkets stories you might have missed on Tuesday August 3 that are worth another look.Some overseas buyers have reneged on contracts for cold-rolled coil and hot-dipped galvanized coil exports from China after the recently announced cuts in value-added tax rebates for some steel products, industry sources told Fastmarkets.Nanshan Aluminum, which is...Read More
Turkish prices for flat steel products decreased during July and trading was limited due to holidays during the month, sources told Fastmarkets on Tuesday August 3.Global weakness in flat steel markets during the holidays - Democracy Day was on July 15 in Turkey, and the Ei al-Adha holidays took place from July 19-24 - sparked the decline in prices.Turkish hot-rolled coil producers are currently a...Read More
Here are five Fastmarkets stories you might have missed on Tuesday August 3 that are worth another look.Some overseas buyers have reneged on contracts for cold-rolled coil and hot-dipped galvanized coil exports from China after the recently announced cuts in value-added tax rebates for some steel products, industry sources told Fastmarkets.Nanshan Aluminum, which is...Read More
Aluminium premiums in the United States and Europe climbed further on Tuesday August 3 on tight supply in those regions, while premiums in Asia remained flat on muted demand.US Midwest premium jumps to fresh all-time highPremiums in Europe tick up on supply tightnessMain Japanese ports (MJP), South Korea premiums steady on thin liquidityUS Midwest premium shoots up by almost 10%Fastmarkets assesse...Read More
Prices for hot- and cold-rolled steel sheet in Russia's Central Federal District around Moscow showed no change week on week in the seven days to Monday August 2, with a mood of pessimism among both mills and stockists, sources have told Fastmarkets.A pricing downtrend developed in the steel plate sector, and this was expected to reach other market sectors later in the month.Hot-rolled sheetNomina...Read More
Domestic steel rebar prices in Russia's Central Federal District declined during the week to Monday August 2 because an export duty came into force on August 1, directing more material into the local market.The Russian government has imposed an export tax on rebar for the period between August 1 and December 31, 2021. The base duty rate will be 15% but the duty will be no lower than $115 per tonne...Read More
Here are five Fastmarkets stories you might have missed on Tuesday August 3 that are worth another look.Some overseas buyers have reneged on contracts for cold-rolled coil and hot-dipped galvanized coil exports from China after the recently announced cuts in value-added tax rebates for some steel products, industry sources told Fastmarkets.Nanshan Aluminum, which is...Read More