Here are five Fastmarkets stories you might have missed on Wednesday August 11 that are worth another look.ArcelorMittal will start up a third rolling mill at its Jo??o Monlevade long steel plant in Brazil's southeastern Minas Gerais state in January 2022, due to strong demand and...Read More
The shareholders of United Arab Emirates-based Arkan Building Materials have approved the merger of their company with Emirates Steel, Arkan said on August 9.Arkan owns companies in the construction-related sectors, including cement and concrete producers.Emirates Steel has crude steel capacity for 3.5 million tonnes per year, making it the biggest steel producer in the UAE. It produces rebar, wir...Read More
Prices for steel hollow sections in Europe remained unchanged on Wednesday August 11 with the market moving through a seasonally slower period of trading, sources told Fastmarkets.Fastmarkets' price assessment for steel sections (medium) domestic, delivered Northern Europe was ?,?1,400-1,430 ($1,642-1,677) per tonne on Wednesday, unchanged week on week."Prices remain above ?,?1,400 per tonne,...Read More
Turkish steel mills remained out of the deep-sea scrap market on Wednesday August 11, booking no new cargoes, sources told Fastmarkets.With no new transactions heard, the market remained steady.A small number of older cargo deals had come to light at the start of this week, for material...Read More
Japanese steel scrap exporters were unwilling to part with large tonnages of material at current market prices ahead of a long holiday in the country starting this week, sources told Fastmarkets on Wednesday August 11.Japanese sellers cautious about new salesLarge gap between containerized and bulk-shipment prices for Taiwan imported scrapChinese scrap import market quiet despite futures gains; pr...Read More
For Part 1 of this interview, CLICK HERE0:00 - Bitcoin's intrinsic value3:20 - Bitcoin price forecast4:19 - Altcoins will "go to zero"7:46 - Proof of stake8:15 - Ethereum flippening11:11 - Transaction coins12:55 - "Max coin""There is no top price for Bitcoin because there is no bottom for fiat money(currency)" said Max Keiser, Host of The Keiser Report. Fiat money is currency which does not have i...Read More
Larry Lindsey, a former director of the National Economic Council and advisor to President George W. Bush, expresses extreme concern about the current administration's lack of attention on China. The author of Currency War speaks with our Daniela Cambone about China's president Xi JinPing who he calls a "sociopath," that will stop at nothing to propel China to superpower status. Purchase the Curre...Read More
July's consumer price index (CPI) data was released Wednesday, with headline CPI coming in at 5.4%, the same reading as June's. Todd Horwitz, chief market strategist at BubbaTrading.com, said that this is not the peak. "I think it's going to get a lot higher. I think we're in a lot of trouble because of the policies of the Administration that's in power and of course, the Federal Reserve," Horwitz...Read More
Today, Martin and I talk government and crypto-in the face of the national debt, the US is depending on the cheapening of dollars to pay back debt that has grown exponentially in the last decade. Additionally, we face other probing questions in looking at Europe's 2030 agenda. Ending democracy and implementing shared power between nations would have many interesting implications, and we dive into...Read More
0:00 - Introduction0:36 - Global Markets & Stocks5:30 - V Recovery & Reality7:28 - Inflation & Real Rates13:05 - Fed & Political Will16:26 - Will Rates Rise?26:35 - Holdings & Conviction29:16 - Geopolitical Risks31:53 - Gov't Intervention33:52 - Wrap UpMost stock markets and sectors have underperformed compared with US Markets. This is because every time the Fed prints, it ends up with corporation...Read More
Chris Vermeulen, founder of Technical Traders Ltd, joins us on Metal Money as we discuss the great silver price slam down from 30 million ounces of paper silver dumped earlier this week in the early hours of Asian trading.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...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
It's been "tough sledding" for the precious metals since June, but will the usually hot month of August turn things around? 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.Known primarily by his nickname "Turd Ferguson," Cr...Read More
We shouldn't take the availability of gold and silver for granted. Mints have shut down in the past, and they could in the future, says Andy Schectman, President and CEO of Miles Franklin. "There is no bull market like a gold bull market because it's predicated on fear," Andy says. "At the same time you see the mints run out of product, you're not going to see the public rushing out to sell their...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
In this brief video, I discuss my updated Gold correction analog chart. Gold appears close to the average of the 3 worst bull market corrections.Jordan Roy-Byrne, CMT is a Chartered Market Technician and member of the Market Technicians Association.. He is the publisher and editor of TheDailyGold Premium, a publication which emphasizes market timing and stock selection for the sophisticated invest...Read More
WikiLeaks founder Julian Assange has lost a high court battle to prevent the US government expanding the grounds for its appeal against an earlier refusal to allowContinue...Read More
"It's about citizenship. Freedom only exists if the freedom of everyone is protected," Macron said, adding, "it's worth nothing if by exercising our freedom we contaminate our brother, neighbor, friend, parents,Continue...Read More
I've been analyzing currency wars for years. In fact, I've written a book called Currency Wars, so I have some expertise in the subject.Continue...Read More
I'm afraid the consequences of bad economic policies engendered by the pandemic will last much longer.Continue...Read More