Turkish prices for hot-rolled and cold-rolled coil both fell in January 2021, with the market slow to moderate because of decreasing prices globally, Fastmarkets heard on Thursday February 4.The country's HRC producers were fully booked until late April, so most market participants expected prices to show more correction, after the sharp increases in November and December 2020."There was a shortag...Read More
Steel reinforcing bar prices in the United States are steady this week, with market participants closely watching the monthly domestic ferrous scrap trade for signs of how it will impact the spot rebar market.Fastmarkets' weekly assessment for steel reinforcing bar (rebar), fob mill US was at $39.75 per hundredweight ($795 per short ton) on Wednesday February 3, unchanged from January 27...Read More
Prices for steel billet and rebar decreased in Egypt in the week to Thursday February 4 in line with weak demand, with the country still suffering from rebar consumption having decreased by 7.68% in 2020, sources have told Fastmarkets.Egyptian demand for long steel products was weak for reasons including a ban on construction and the continuing effects of the Covid-19 pandemic.Egypt imposed a ban...Read More
Demand for Turkish rebar and wire rod exports has remained sluggish over the past week, with prices dropping further, market sources said on Thursday February 4.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), export, fob main port Turkey, was $590-595 per tonne on Thursday, down from last week's $600-620 per tonne on an actual weight basis.The mills in the country have redu...Read More
Here are five Fastmarkets stories you might have missed on Thursday February 4 that are worth another look.Brazil-based miner Vale has reached a settlement with local prosecutors to pay 37.7 billion Reais ($7.03 billion) in reparations for the deadly disaster that hit the city of Brumadinho in January 2019, it said...Read More
Export prices for pig iron from the Commonwealth of Independent States decreased during the week to Thursday February 4 on a bearish mood among buyers, sources have told Fastmarkets.Market participants expected there to be further price decreases.Fastmarkets' weekly price assessment for high-manganese pig iron, export, fob main port Black Sea, CIS, was $495-500 per tonne on Thursday, down by $5-20...Read More
The steel industry has largely welcomed India's 2021-2022 union budget that was announced on February 1 for its focus on infrastructure and government spending. The impact of the coronavirus pandemic and subsequent lockdown in the country resulted in India's gross domestic product (GDP) falling by a forecast 7.7% in the year to March 2021, before rebounding to grow by 11% the year after, according...Read More
Silver is a completely different animal from GameStop because when you're trading silver, you're playing against the biggest industrialists and market "manipulators" in the world, said Robert Kiyosaki, best-selling author of Rich Dad Poor Dad.0:00?EUR< - Why #SilverSqueeze?EUR< failed7:50?EUR< - Consequences of GameStop trades12:35?EUR< - Peter Schiff14:29?EUR< - Next moves for silver17:38?EUR< -...Read More
The Reddit driven side of #SilverSqueeze?EUR< is over. However, demand for physical silver remains insane at Miles Franklin. Regardless, John Rubino from DollarCollapse.com is bullish on silver because of green energy demand and signs of a currency crisis. He also touches on what he calls "the everything bubble."0:36?EUR< Silver squeeze phenomenon7:36?EUR< Is the silver squeeze over?10:20?EUR< Sil...Read More
MacroVoices Erik Townsend and Patrick Ceresna welcome Jim Bianco to the show to discuss the coming inflation and how to trade it, update on the COVID pandemic, and the lunacy that is Wall Street Bets.Jim Bianco is President and Macro Strategist at Bianco Research, L.L.C. Since 1990 Jim's commentaries have offered a unique perspective on the global economy and financial markets. Unencumbered by the...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
Robinhood's restrictions on trading for retail investors during the GameStop frenzy have stirred up a firestorm of controversy. Mohamed El-Erian, Chief Economic Adviser at Allianz, tells CNN Business' Alison Kosik what the future of trading will look like after Reddit's rally around $GME.Mohamed El-Erian is the Chief Economic Adviser of Allianz, a multinational financial services company. He is th...Read More
Nicholas Santiago started trading in 1991. In 1997, he became a licensed Series 7 and 63 registered representative. He successfully managed money for a large, affluent private client group. Nick is an expert in Technical Analysis. He is a highly regarded and accomplished technician in the studies of Elliot Wave, Gann Theory, Dow Theory and Cycle Theory. After applying his knowledge to his client b...Read More
0:00?EUR< - Intro0:36?EUR< - Dollar Purchasing Value11:00?EUR< - Biden/Yellen Dream Team12:45?EUR< - Inflation & Deflation17:30?EUR< - Too Much... Is Toxic?19:17?EUR< - Paper Gold & Price22:00?EUR< - Manipulation25:11?EUR< - Fake Gold & Silver28:59?EUR< - Reddit David Vs. Goliath33:50?EUR< - Silver Catalyst & Trends33:55?EUR< - Best Things in Life38:02?EUR< - Wrap UpTalking Points From This Episod...Read More
David Morgan is a world-renown precious metals aficionado. He is the creator of TheMorganReport.com, a monthly report that covers economic news, overall financial health of the global economy, currency problems and the key reasons for investing in precious metals. A dynamic, much-in-demand speaker all over the globe, David's educational mission also makes him a prolific author, having penned Get t...Read More
SBTV spoke with Lynette Zang, Chief Market Analyst at ITM Trading, about how the Robinhood and Citadel fiasco shows the little guys could still be on the hook despite the resurgence of Occupy Wall Street sentiments.00:00?EUR< Introduction02:19?EUR< The Robinhood & Citadel connection09:30?EUR< Stock markets are now fully disconnected from economic reality12:09?EUR< What will be reset in a financial...Read More
Economist Danielle DiMartino Booth sits down with former Macro economist and chairman of the Economic and Development Review Committee at the Organisation for Economic Co-operation. In this interview they talk about the role central banking has in the economy in downturns and upturns. About the guest: William R. White is a Canadian economist who was the chairman of the Economic and Development Rev...Read More
Topics:Quieter day in the markets with notable moves in oil.Dollar consolidating before its next move down.Kashkari believes inflation is purely psychological.Outsourcing will boom under Democrats.New York is paying people to get COVID at "Covid Parties."Visa uses Bitcoin for cheap publicity, not for DeFi.Peter Schiff is an internationally recognized economist specializing in the foreign equity, c...Read More
"They don't even realise that these are tired ideas that they are lifting from a 70 year old indictment of the totalitarian state"Continue...Read More
"CDC reserves the right to enforce through criminal penalties," the agency adds, though it claims not to intend "to rely primarily on these criminal Continue...Read More