Seaborne iron prices fell further on Wednesday December 23, in response to the downtrend in futures and rising rebar inventories in northern China.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $162.03 per tonne, down $2.50 per tonne62% Fe low-alumina fines, cfr Qingdao: $162.36 per tonne, down $2.71 per tonne58% Fe fines high-grade premium, cfr Qingdao: $151.54 per tonne,...Read More
Sellers of Japanese scrap are looking to the domestic market instead of exports because of the higher margins that can be found there, market participants told Fastmarkets on Wednesday December 23.The massive increases in domestic scrap purchase prices by major Japanese mini-mill Tokyo Steel have also supported sentiment.The price-benchmark setter increased its purchase price for the 10th time in...Read More
Here are five Fastmarkets stories you might have missed on Wednesday December 23 that are worth another look.World crude steel production increased by 6.6% year on year in November, with China, Germany and Ukraine posting the largest increases.Chilean state copper producer Codelco has increased the...Read More
Iran's export prices for steel slab and billet rose over the week to Wednesday December 23 amid higher raw material prices and a shortage of semi-finished products globally. The Iranian export billet price is at its highest since March 2018 and the slab export price has hit its highest point since April 2018. Billet exports A total of 50,000 tonnes of Iranian billet was sold in two tenders during...Read More
World crude steel production increased by 6.6% year on year in November, with China, Germany and Ukraine posting the largest increases.A total of 158.3 million tonnes of crude steel was produced in November by the 64 countries that report their statistics to the World Steel Association (Worldsteel), compared with 147.8 million tonnes in the same month in 2019.China, the world's biggest steelmaking...Read More
Kevin O'Leary, chairman of O'Shares ETFs and star of Shark Tank, said that the digitization of America is here to stay, even if the economy opens up again. O'Leary has sold off his commercial real estate holdings to redeploy capital into the technology, healthcare, and consumer service sectors. On gold, O'Leary sees the metal as a hedge against inflation, and contrary to what some analysts think,...Read More
The same way George Soros broke the Bank of England, Max Keiser says that MicroStrategy founder Michael Saylor's bet on bitcoin - and his firm's transfer of assets into the crypto - is an attack on central banks and the global central bank system. Bitcoin can trade 300,000 times more quickly "because central banks have left themselves open to this arbitrage," Keiser tells our Daniela Cambone as pa...Read More
Gerald Celente is a pioneer trend strategist and founder of The Trends Research Institute. He is the author of the national bestseller Trends 2000: How to Prepare for and Profit from the Changes of the 21st Century and publisher of the internationally circulated Trends Journal newsletter. Gerald Celente is a political atheist. Unencumbered by political dogma, rigid ideology or conventional wisdom,...Read More
Michael Saylor, Microstrategy CEO, discusses his bitcoin strategy, and recommends companies, including Apple, Tesla and Amazon, that are sitting on large mounds of cash, invest in bitcoin. He says it's not as volatile as it used to be and calls it the world's first engineered safe-haven investment.Read More
Look out above. Jordan Roy Byrne sees things unfolding later next year. Once Covid has subsided, probably after the vaccine is distributed and herd immunity is achieved, people will start leaving their homes and spending money to make up for lost time. Money will be pouring into the economy. This will be the beginning of inflation, led by increased consumer prices. A look at the trend lines, shows...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
Will gold benefit if there is panic in the markets?Chris Vermeulen has been involved in the markets since 1997 and is the founder of Technical Traders Ltd. He is an internationally recognized technical analyst, trader, and is the author of the book: 7 Steps to Win With Logic.Read More
Topics:New Covid-19 relief stimulus bill passes Congress.200 years worth of debt added in one year of 2020.Trump outdoes Obama's deficit in only one term.Reparations via voting is nonsense.Banco Popular has bad business practices.I recommend First Bank of Puerto Rico.Peter Schiff is an internationally recognized economist specializing in the foreign equity, currency and gold markets. Mr. Schiff ma...Read More
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"Such a targeted approach helps curb the spread of the virus," the minister said.Continue...Read More
Don't think 2021 will be anything like 2020 in the stock market. In the United States, there are a lot of changes coming ahead, and the answer to protecting your 401(k) and pensions is to understand what is happening in these funds.Today's guests agree that the Feds have backed themselves into a corner and the only way they can keep the economy propped up is to print money and therefore inflating...Read More
President Trump on Tuesday night called for Congress to take Continue...Read More
Just 24 hours after Donald Trump issued some 15 pardons and commutations, including former campaign aide George Papadopoulos, former US congressmen Duncan Hunter Continue...Read More
"Some friendly health advice to Iran: If one American is killed, I will hold Iran responsible. Think it over."Continue...Read More
The U.S. media demands inflammatory claims be accepted with no evidence, while hacking behavior routinely engaged in by the U.S. is depicted as aberrational.Continue...Read More