Steel rebar and billet prices in the United Arab Emirates increased this week despite only moderate demand, sources told Fastmarkets on Tuesday June 16.It came as no surprise, however, as market participants in the country were expecting prices to rise.Domestic rebarThe country's biggest producer, Emirates Steel, is offering rebar at 1,773 dirhams ($483) per tonne ex-works from June 16, up fr...Read More
Rebar and wire rod producers from the Commonwealth of Independent States (CIS) increased their offer prices after hikes by Turkish suppliers this week, in response to higher scrap costs.Fastmarkets' daily index for steel scrap, HMS 1&2 (80:20 mix), US origin, cfr Turkey was $267.66 per tonne cfr on Monday June 15, up from $260.12 per tonne on the same day last week.And the daily index fo...Read More
Turkish steel producers continued to stay away from the deep-sea scrap import market, but the current firm prices could soon start to rise if demand for rebar grows, sources said on Tuesday June 16.After booking nine deep-sea cargoes, totalling 250,000 tonnes last week, the Turkish steel producers have been quiet since the start of this week.They are still expected to book more cargoes,...Read More
Seaborne iron ore prices went up on Tuesday June 16 following a rise in the futures market due to a weekly decrease in shipments from Australia and Brazil, sources told Fastmarkets. Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $104.85 per tonne, up $1.41 per tonne.62% Fe low-alumina fines, cfr Qingdao: $107.80 per tonne, up $1.68 per tonne. 58% Fe fines high-grade premium, cfr Qingdao:...Read More
By: Ira EpsteinGold is moving sideways, not in a trend. Swing point above at $1754.90..Read More
Max talks to James Turk of Goldmoney.com about the end of the 'exorbitant privilege.' Is it here? Yale economist, Stephen Roach, sees the collapse of the dollar, so could hyperinflation happen?Max Keiser is an American broadcaster and film-maker. He hosts Keiser Report, a financial program broadcast on RT. He presents a weekly show about finance and markets on London's Resonance FM, and writes for...Read More
Jim Willie joins SGT Report for a discussion about current events (and the PLANdemic).Jim Willie is a statistical analyst in marketing research and retail forecasting. He holds a PhD in Statistics, and his career has stretched over 25 years. He aspires to thrive in the financial editor world, unencumbered by the limitations of economic credentials. Jim operates a free website called Golden Jackass...Read More
The great reset is coming. A monetary reset is backed in the cake. The World Economic Forum in Davos has an initiative called the Great Reset. They're using the pandemic to restructure the global economy. The details aren't completely clear. Stimulus money has been going into RobinHood accounts. Millennials are buying stocks based on name recognition and a cheap price. Day traders are snapping up...Read More
In light of the Fed's unprecedented intervention into U.S markets and the economy, a viewer asked an interesting question on The Macro Show.Are these recent developments effectively turning the U.S. economy into something resembling Japan's?Watch Hedgeye CEO Keith McCullough's response in the clip above.Mr. Keith R. McCullough is the Founder and CEO of Hedgeye Risk Management LLC. He covers the st...Read More
Multiple highly regarded scientists who have studied CORONAVIRUS say that the VIRUS has been manipulated in labs to better attach to human cells. Turns out, research on that very thing was conducted here in the United States until the research was banned in 2013. In 2014, the research appears to have resumed through funding to several labs in China through payments to Eco Health Alliance. We break...Read More
Peter Hug, as director of global trading, is paid to care about the price of gold, not that he doesn't anyway. At the beginning of this year Peter was bullish on gold when it was in the mid $1500's. After all, the economy was vibrant, stocks were trading at near all time highs and the outlook, while positive, was not overwhelmingly so. Then came Covid. Peter warned investors that gold/silver would...Read More
Fmr. Morgan Stanley Asia chairman Stephen Roach sees a historical shift unfolding as the nation's budget deficit grows.Stephen S. Roach, former Chairman of Morgan Stanley Asia and the firm's chief economist, is a senior fellow at Yale University's Jackson Institute of Global Affairs and a senior lecturer at Yale's School of Management. He the author, most recently, of Unbalanced: The Codependency...Read More
Bill and Grant are joined by long-time source and master of the financial system plumbing, The Lord Of The Dark Matter, who finally reveals his true identity after a decade of anonymity. The three discuss inflation, the bond market, the options available to central banks and how they might achieve "Cold Fusion". A fascinating conversation with a true master of his craft.Grant Williams is the portf...Read More
For years there has been an imbalance between the paper gold and silver market, and the physical gold and silver market. With many commentators, myself included, suggesting that the scheme will continue on until enough people ask for physical delivery of their metal.Now it appears as if that's finally manifested, as the recent gold and silver deliveries on the COMEX are reaching historic amounts....Read More
International Editor Kim Iskyan chats with legendary investor Jim Rogers about where money is hiding in the market. Rogers also shares his take on the evolving "Melt Up," and what he thinks is coming next for markets. He also gives his take on the impact of the upcoming presidential election, why the 21st century belongs to China, and his best strategy for investors to succeed.Jim Rogers co-founde...Read More
As you may have read on NBC, Google has decided to suspend ad hosting on the "far-right" Zero Hedge (which apparently can be anything from Continue...Read More
Our search of filings at the Securities and Exchange Commission reveals that dozens of debt zombie companies that trade on Nasdaq got the loans. Dozens of publicly-traded companies Continue...Read More
The sovereign debt on a global scale is unprecedented. This COVID-19 shutdown has pushed the debt system over the edge. Even British Gilts turned negative for the first time in history at theContinue...Read More
How crazy have markets become lately?One new investor has said, "Stocks only go up," while unemployed people are using their stimulus check to trade stocks:"It was basically free money," said one of them... "It's like a gambling game."Continue...Read More