While many talking heads talk about how the Fed should end QE soon, the Fed's balance sheet here in reality is saying the exact opposite. Up another $38 billion this week, the Fed's balance sheet is now up a whopping $150 billion in just the last 2 weeks and it's up $800 billion since early January 2021! Can the Fed really taper? The Fed is actually trapped: https://twitter.com/TaviCosta/status/.....Read More

What does a rising US Dollar mean?Portfolio Manager, attorney, finance author, a regular guest on North American media. Danielle Park is the author of the best selling myth-busting book "Juggling Dynamite: An insider's wisdom on money management, markets and wealth that lasts," as well as a popular daily financial blog: www.jugglingdynamite.com. Danielle worked as an attorney until 1997 when she w...Read More

The Commonwealth of Independent States (CIS) export billet market turned quiet at the end of the week to June 25 following news of the Russian government's plan to impose temporary export duties on ferrous and non-ferrous metals sold outside the Eurasian Economic Union (EAEU) from August 1, Fastmarkets heard.Billet is one of the products that will be affected if the government imposes the duties.T...Read More

Two South African brothers who launched a bitcoin business from their bedroom and gathered ?2.5billion in funds have vanished in what is suspected to be the biggest crypto heist in history.Continue...Read More

Congratulations to the people of Sweden who have allowed their country to, ironically and in direct defiance of the "experts," allowed their country to be one of the very first to effectively achieve "Zero COVID."Continue...Read More

Dr. Rand Paul is the junior United States Senator for Kentucky. Elected in 2010, he has proven to be an outspoken champion for constitutional liberties and fiscal responsibility, and a warrior against government overreach. A graduate of Duke University School of Medicine, Rand was a practicing ophthalmologist in Bowling Green, Ky., for 17 years. Rand has been a vocal advocate for term limits, a ba...Read More

One day after a reckless maneouver by a UK warship sailing just off the Crimea coast nearly started a hot war, Reuters reports that Russia warned Britain on Thursday that it would bomb British naval vesselsContinue...Read More

Under the new rules, paper gold would be classified as more risky than physical gold, and no longer counted as an asset equal to gold bars or coins.Continue...Read More

Perhaps the 25,000% hyperinflationary evaporation of the peso in the '80s has left a deep scarring on the South American countries lawmakers.Continue...Read More

Centennial celebrations for the founding of the Chinese Communist Party has caused some parts of the ferrous supply chain in China to grind to a halt, market sources told Fastmarkets this week.Construction sites in Jiangsu province have been asked to provide a "safe and stable" social environment for the celebrations of the party's 100-year anniversary, with the provincial executive governor dubbi...Read More

Virtually all Baltimore residents were under surveillance for 12 hours a day over six months. The court's ruling found that the BPD's surveillance system violates the Fourth Amendment Continue...Read More

The Russian government has approved temporary export duties on 340 steel and non-ferrous metals sold outside the Eurasian Economic Union (EAEU), which are set to take effect from August 1 through December 31, according to an official government decree. The duties, which are intended to control inflation of metal prices domestically, are expected to raise approximately 160 million rubles ($2.2...Read More

Cyon Exploration has a new name, new management and is about to start drilling deep. Cyon Exploration Ltd. (CYON:TSX.V; CYNXF:OTCQB) has seen a lot of changes recently. The company changed its name from True Grit Resources to Cyon Exploration Ltd. It received approval for NEX reactivation and graduation to Tier 2 of the TSX Venture Exchange, and also listed on the OTCQB in the U.S.; a new managem...Read More

In Streetwise Reports' Streetwise Live broadcast on June 22, 2021, Vox Royalty CEO Kyle Floyd and VP of Corporate Development Simon Cooper discuss investing in a royalty company for exposure to commodities and protection against inflation. Host Cyndi Edwards began by introducing Vox Royalty Corp. (VOX:TSX.V), represented on the broadcast by its CEO Kyle Floyd and its Vice President of Corporate D...Read More

The price of flat-rolled stainless steel in Europe resumed its upward trend this week amid a continuing supply shortage, sources told Fastmarkets on Friday June 25.Fastmarkets' weekly price assessment for stainless steel cold-rolled sheet 2mm grade 304 transaction domestic, delivered North Europe was ?,?3,450-3,500 ($4,116-4,176) per tonne on Friday, up ?,?100 from ?,?3,350-3,400 per tonne a week...Read More

European buyers of imported steel products are shocked by the extension of existing safeguard measures for another three years at a time when most of the industry's segments are struggling from material shortage and, consequently, high prices. European Union member states voted in the week ended June 18 in favor of a proposed extension of these measures for three years beyond their scheduled...Read More

European Metal Recycling (EMR) will commit to a net zero carbon emissions target across all three emission scopes, the company said on June 24.EMR aims to be carbon neutral by 2040 across scopes 1, 2 and 3 of relevant greenhouse gas emissions, and to provide its customers with traceability of its materials across the supply chain.EMR's goal is to reach net zero for indirect emissions created by th...Read More

Customer requirements and financing will shape the decarbonization of the steel industry, panelists said at Fastmarkets' 2021 Steel Success Strategies Industry Briefing earlier this week.The steel industry is not shaping decarbonization - instead, external forces are driving it, McKinsey & Co partner Benedikt Zeumer said on Tuesday June 24."Customer requirements will bolster industry to reduce the...Read More

Fed pumped so much money into thefinancial system, that the latter started sending it back. How will this andFed’s more hawkish tone impact gold?With Jerome Powell, Chairman of the U.S.Federal Reserve (FED), testifying before Congress on Jun. 22, his preparedremarks signaled that the FED remains on autopilot. Despite saying that “jobgains should pick up in coming months as vaccinations...Read More

The Russian government has approved temporary export duties on 340 steel and non-ferrous metals sold outside the Eurasian Economic Union (EAEU), which are set to take effect from August 1 through December 31, according to an official government decree. The duties, which are intended to control inflation of metal prices domestically, are expected to raise approximately 160 million rubles ($2.2...Read More