Just before our office closed for the holidays, I had the pleasure of sitting down and talking about the state of the markets heading into 2021 with the founder and president of Angel Publishing, Brian Hicks.These thoughtful discussions I have with colleagues are hands-down one of my favorite parts of the job. It's incredibly rewarding to listen to and discuss ideas with top-notch analysts and the...Read More

Wire rod prices in the United States have jumped higher in response to significant scrap price increases, with mills passing those costs along to consumers, as well as a falling dollar, which has pushed import prices even higher - making them less competitive against domestic supply, Fastmarkets has learned.Fastmarkets' monthly price assessment for steel wire rod (low carbon) industrial quality, f...Read More

Rising hollow section prices in Europe this week reflected the struggle mills are facing to source feedstock material amid an ongoing shortage, sources told Fastmarkets on Wednesday December 16. Fastmarkets' price assessment for steel sections (medium), domestic, delivered Northern Europe was ?,?740-750 ($899-911) per tonne on Wednesday, up from ?,?700-720 per tonne a week earlier. The availa...Read More

Prices for steel H-beams in Europe were unchanged this week after mills stopped offering material due to the unpredictable trading conditions, sources told Fastmarkets on Wednesday December 16.Fastmarkets' weekly price assessment for steel beams, domestic, delivered Northern Europe was ?,?600-610 ($729-741) per tonne on Wednesday, unchanged from the week previous.In recent weeks, the rise in feeds...Read More

Turkish deep-sea scrap import prices continued to climb on Wednesday December 16, with fresh bookings heard from Europe and the Baltic Sea regions, sources told Fastmarkets.A steel mill in the Iskenderun region booked a Baltic Sea cargo, comprising HMS 1&2 (80:20) at $435 per tonne and bonus at $445 per tonne cfr. The cargo composition could not be verified at the time of publication.Another steel...Read More

Seaborne iron ore prices rose on Wednesday December 16 after the most-traded May iron ore futures contract on the Dalian Commodity Exchange (DCE) crossed the 1,000 yuan-mark ($153) to close the afternoon trading session, sources told Fastmarkets.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $156.45 per tonne, up $1.38 per tonne62% Fe low-alumina fines, cfr Qingdao: $156.71 per tonne, up...Read More

Global steel prices - which have been surging in recent weeks - will experience some correction in the first half of 2021, according to United Arab Emirates-based galvanized coil producer Al Ghurair Iron & Steel.The question is whether this correction will happen before or after the Chinese New Year, its chief executive officer, Abu Bucker Husain, said at Fastmarkets' Middle East Iron & Steel virt...Read More

Here are five Fastmarkets stories you might have missed on Wednesday December 16 that are worth another look.A collaboration between metals and mining companies including Anglo American, Glencore and Tata Steel have released a proof of concept carbon tracing platform to trace emissions across the value chain using distributed ledger...Read More

Prices for steel slab in Iran's export market increased with new deals done over the week to Wednesday December 16, although billet prices remained stable, Fastmarkets learned.Iran's export billet prices are at their highest for the last 29 months, while Iran's steel slab export prices have reached their first new peak in 31 months.Iranian market participants expect a decline in the near future, h...Read More

A collaboration between metals and mining companies including Anglo American, Glencore and Tata Steel have released a proof of concept carbon tracing platform to trace emissions across the value chain using distributed ledger technology. The venture - a collaboration between the World Economic Forum and seven global companies that make up its Mining and Metals Blockchain Initiative (MMBI) - aims t...Read More

Harley Schlanger's work can be found at LaRouchePAC.com and The Schiller Institute.Read More

For Part 1 of this interview, CLICK HEREIn Part 2 of his exclusive interview with Daniela Cambone, former congressman Ron Paul addresses the economic toll the pandemic has taken on the economy- and how it will ultimately kill the US dollar, which will likely be overtaken by China's yuan. He also talks about the current frothiness in U.S. equities and why the Fed-fueled party won't last forever, le...Read More

John Rubino is the founder and manager of the popular financial website DollarCollapse.com. Mr. Rubino is the co-author, with GoldMoney's James Turk, of The Money Bubble and The Collapse of the Dollar and How to Profit from It. He spent the 1980's on Wall Street as a Eurodollar trader, equity analyst and junk bond analyst. During the 1990's he was a featured columnist with TheStreet.com and a freq...Read More

David Rosenberg, chief economist and strategist at Rosenberg Research, says that economic sustainability hinges on a long period of zero rates, adding that early inflation could cause catastrophe.*This interview was recorded on December 8thDavid Rosenberg is the chief economist & strategist of Rosenberg Research & Associates, an economic consulting firm he established in January 2020. He received...Read More

Topics:?EUR? 2021 expectation on the global economy: how long is it going to take for the global economy to get back to normal? are we having a new norm??EUR? How Covid-19 is impacting economic growth and what is next for the markets?EUR? Why is there such a disconnect between the stock market right now and what is going on with the economy at the street level? Why wall street is disconnected from...Read More

As George Carlin once said, "It's all a big club and you ain't in it?"Has anyone been paying attention to the departure between the price of gold and the price Bitcoin. Comex and LBMA are applying the equivalent of a date rape drug to gold and silver. It is signaling that the powers that be prefer a digital future to precious metals. The metals market is bound to soar, because the Comex is becomin...Read More

The financial state of the world is totally insane. The powers that be somehow believe that printing money will enable countries to avoid recessions and depressions. It's like believing that blood-letting will cure whatever ails you. We're now in the 19th recession since the inception of the Fed. In addition to failing at its major responsibility, It's been totally corrupted. It's primary mission...Read More

Links to Slides & Sources: https://www.itmtrading.com/blog/headl...Lynette Zang has held the position of Chief Market Analyst at ITM Trading since 2002. Ms. Zang has been in the markets on some level since 1964. Her mission is to convert financial noise into understandable language. She has been a banker, a stock broker and studied world currencies since 1987. She believes strongly that we need to...Read More

Assange went as far as suggesting that the US government covertly remove the files from the internet, and offering to help track down these files.Continue...Read More

What shocks me is how many ordinary people continue to go along, and continue to shame dissidents, without having bothered to look into whether any of it has done any good.Continue...Read More