We're moving closer to the goal line every day with the Biden administration's infrastructure bill. I've told you before that if there's one thing both sides of the aisle can come together for it's rebuilding America's crumbling infrastructure. Two weeks ago, the two sides came together and worked out a framework for the bill that included $579 billion in new spending, giving the bill a whopping...Read More

Domestic hot-rolled coil prices in China rose for the fourth day in a row on Thursday July 8, with futures prices steady after the recent rally, which was sparked by growing expectations that steelmakers will be forced to limit production in the second half of the year.DomesticEastern China (Shanghai): 5,700-5,770 yuan ($880-890) per tonne, up by 50 yuan from 5,650-5,720 yuan per tonne. The most-t...Read More

We have some big news at INK this week. Beginning today, we are accepting litecoin for payment on Canadian Insider and we are offering a special rate to celebrate! In our latest Insights, we explain the rationale for the move and our outlook for the share prices of the credit card companies. We also wonder if Binance may consider BC as a place to register. Click here to read. Read More

Steel reinforcing bar prices in the United States' domestic market were steady again this week, with market sentiment mixed regarding what might come next.Fastmarkets' weekly assessment for steel rebar, fob mill US was at $48 per hundredweight ($960 per short ton) on Wednesday July 7, unchanged since June 16 but up by 9.09%% from $44 per cwt on June 2.US marketSupply remains tight, marke...Read More

There was little activity in Egypt's steel rebar and billet markets in the week to Thursday, July 8, with market participants awaiting confirmation of changes to the country's import duties, sources told Fastmarkets.Egypt's Ministry of Trade & Industry is currently considering whether to remove or reduce import duties on steel because of the current high prices for long steel products and a shorta...Read More

Turkey's domestic long steel prices were fairly stable this past week while demand remained limited, market sources told Fastmarkets on Thursday July 8.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), domestic, exw Turkey, was 7,200-7,350 lira ($830-847) per tonne on July 8, widening upward by 50 lira per tonne...Read More

Turkish steel mills continued to book deep-sea scrap for August shipment at slightly higher prices, market sources said on Thursday July 8.A steel mill in the Iskenderun region booked a US cargo, comprising HMS 1&2 (90:10) at $498 per tonne, shredded and plate & structural (P&S) at $516. The composition of the cargo was not shared by the parties involved. This compares with deep-sea bookings heard...Read More

Demand for steel scrap imports into Bangladesh was being limited by the country's extended Covid-19-related lockdown, market participants told Fastmarkets on Thursday July 8.The strict lockdown, which has been extended until at least July 14, has led to a complete shutdown of the country's steel retail market and has led to an exodus of laborers from the capital city, Dhaka."They are not admitting...Read More

The price gap between higher and lower grades of steel scrap continued to widen in the Japan export market over the past week, sources told Fastmarkets on Thursday July 8.Rising demand for heavy scrap (HS) and Shindachi busheling, both from blast-furnace (BF) mills in Japan and buyers in South Korea, has continued to propel prices for these materials upward.On the other hand, limited demand for lo...Read More

Here are five Fastmarkets stories you might have missed on Thursday July 8 that are worth another look.Iran's steel output will be negatively affected by severe power shortages that started in June and still remain an issue, market participants said.Kamoa Copper's 3.8-million-tonne-per-year concentrator in the...Read More

Turkey's import and domestic billet prices have increased over the past week due to stronger demand, market participants told Fastmarkets on Thursday July 8.Suppliers in the Commonwealth of Independent States region have increased their offers to Turkey ahead of the introduction of Russia's export duty on August 1.The Russian government has approved temporary export duties on 340 steel and no...Read More

China's domestic rebar prices continued to rise on Thursday July 8 due to market participant concerns over lower supplies after the government called on mills to keep production below 2020 levels.DomesticEastern China (Shanghai): 5,020-5,050 yuan ($775-780) per tonne, up by 60 yuan per tonneMore steel mills were said to be reducing production over the next six months to ensure annual production is...Read More

The European ferro-tungsten market rose over the week to Thursday July 8, with offer prices increasing rapidly on reduced spot availability in Europe and the prospect of Russia imposing an export tax from August 1.Fastmarkets assessed the price of ferro-tungsten, basis 75% W, in-whs dup Rotterdam, at $37.75-38.50 per kg on July 7, up from the previous assessment of $35.60-37.00 per kg. The market...Read More

What will happen if the huge amounts of capital in the bond markets start fleeing that sector for gold? Could it be happening already? Join Mike Maloney, Jeff Clark and Adam Taggart as they tackle the latest news: The ongoing Real Estate Bubble, public demand for further stimulus, turncoat bureaucrats, gold's role as the ultimate protection of property rights....this truly is a bumper episode comi...Read More

Bitcoin and other risky assets being sold off.Investors flee to gold and other safe havens.Fed goes from thinking about thinking about tapering to talking about talking about it.Supply of starter homes at 50 year low.Buying Bitcoin is as risky as it's ever been.Peter Schiff is an internationally recognized economist specializing in the foreign equity, currency and gold markets. Mr. Schiff made his...Read More

Take a stand against censorship. Join my Awakened Warriors Email List - https://awakenwithjp.com/joinmeCheck Out My Merch Here - https://awakenwithjp.comWhen the Biden administration knocks on your door... Operation strike force at its best!?>>?Read More

What's bewildering is that all traditional positive measures are proving irrelevant. Plunging real interest rates haven't had an effect. Skyrockecting inflation nothing. Yields dropping, nothing. What will it take? We're now at 1.3% on the 10 year and the real rate is minus 3.7%. All this transitory crap and yield curve control is in full bloom. Fed jawboning, inflation is temporary. Reverse repo...Read More

For Part 1 of this interview, CLICK HEREWill the Fed's plans for a future digital currency trigger stagflation? George Gammon of the Rebel Capitalist outlines his theory of why this could be the upcoming reality. He tells our Daniela Cambone how a Fed Central Bank digital currency would lead to severe economic distortions.George Edward Gammon is an American real estate investor and entrepreneur. H...Read More

In this episode of Summer Solutions 2021 of the Keiser Report, Max and Stacy chat to Alasdair Macleod of Goldmoney.com about the problem with 'too much liquidity'. Will the central bank choose to raise interest rates or to allow the dollar to collapse? Macleod feels most central banks have no choice but to allow inflation to rip. They also look at the balance sheet of the People's Bank of China an...Read More

0:00 - Introduction0:45 - Stagflation2:16 - Deflation?3:24 - Interest Rates4:57 - Fed Long-Term6:18 - Job Reports & Markets8:23 - Time & Trades11:10 - Gold Vs. Silver13:00 - Gold Predictions15:40 - Dollar Thoughts17:33 - Gold/GLD Chart24:59 - Newmont Mining25:47 - Bitcoin Chart27:54 - Volume Indications30:22 - Trend Signals34:15 - Growth Opportunities37:54 - Concluding ThoughtsTom welcomes back Ga...Read More