Most buyers for steel rebar and billet in the United Arab Emirates held back from the market in the week ended Tuesday February 16 because they wanted to see new rebar prices from local producers, sources told Fastmarkets.Rebar producers in the UAE were expected to announce new prices soon, and buyers have been waiting for them since last week.Buyers expected prices to hold steady or go down becau...Read More
Here are five Fastmarkets stories you might have missed on Tuesday February 16 that are worth another look.With long-serving chief executive officer Ivan Glasenberg departing on a trade-fueled high, Glencore looks likely to continue along a familiar path while also tackling one of its biggest...Read More
Swedish state-owned iron-ore producer LKAB plans to reopen its iron ore mine in Lapland, Sweden, to meet the increased demand for iron ore products, Fastmarkets heard on Tuesday February 16.LKAB plans to reopen the Mertainen mine, which was mothballed in 2016 amid a change in the market situation, in the autumn 2021, the company said. The primary goal of the mine's reopening is to meet the increas...Read More
Turkish steel producers have extended their absence from the deep-sea scrap markets because they were focusing on finished steel sales, market sources said on Tuesday February 16.The daily scrap indices had risen by more than $22 per tonne week on week after two Turkish steelmakers booked US cargoes at $410 per tonne cfr on an HMS 1&2 (80:20) basis.Since the upturn in scrap prices, most Turkish st...Read More
The export price for steel billet originating in the Commonwealth of Independent States (CIS) has moved up on fresh sales to Turkey, with offer price increasing as well, Fastmarkets heard on Tuesday February 16.A sizeable cargo of Ukraine-origin billet was sold to the Iskenderun area of Turkey earlier this week at $550 per tonne fob Black Sea, several sources reported to Fastmarkets. This price wa...Read More
Get Mike Maloney's views on the latest market action in today's must-watch update, including news on the 'midnight changes' to two of the largest silver ETFs, how retail bullion supplies are holding up...and what Mike did for his 65th birthday. Link to Jeff's article: https://goldsilver.com/blog/dear-elon...?EUR>?Jeff Clark is editor and lead writer of BIG GOLD, the monthly gold-investment news...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
The hard assets are starting to win right now and people need to wise up, this according to best-selling author Robert Kiyosaki. In an interview with our Daniela Cambone, he explains why he wants to accumulate as much gold, Bitcoin, and especially silver as possible. "I stay out of paper, I stay out of the stock market," he says. Kiyosaki also talks the silver squeeze: "The trouble with silver is...Read More
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 biases of traditional Wall Street research, Jim has built a decades long reputation for objective, incisive commentary that challenges consensus thinking. In nearly 20 years at Bianco Research, Jim's...Read More
Jim Rogers joins us to talk about the latest trends and what the nations are witnessing in global markets. He says bubbles are now beginning to develop but haven't reached their full extent except for bonds where they are full-fledged bubbles. Jim also says that if he were to buy countries right now he would go for Japan and Russia even though they seem to be downright now they have a lot of money...Read More
In conversation with Julian Klymochko, founder and chief investment officer at Accelerate Financial Technologies.James "Jim" Grant is an American writer and publisher and the founder of Grant's Interest Rate Observer, a twice-monthly journal of the financial markets. He is the author , most recently, of The Forgotten Depression: 1921: The Crash That Cured Itself. Grant's television appearances inc...Read More
We are joined on Metal Money by Chris Vermeulen, founder of Technical Traders Ltd. Chris expects a record amount of silver to be taken delivery of at the next silver futures delivery date thereby exacerbating the current silver squeeze.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, trad...Read More
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Recent court documents have indicated that the Federal Bureau of Investigation (FBI) possesses a tool allowing them to access encrypted messages on the Signal app.Continue...Read More
All these Chinese moves are meant to obtain "biological dominance." "There are," as Ratcliffe noted, "no ethical boundaries to Beijing's pursuit of power."Continue...Read More
Since late October 2020, the major stocks indexesContinue...Read More
Question 1: 1:45?EUR< I have my funds in a Money Market with Fidelity. I just heard the term "interfund lending". Could you please explain what "interfund lending" is and will it have any bearing on the cash in my money market? Question 2: 4:34?EUR< Please explain why gold and silver will still have the historical storage of value when silver was demonetized in the 1800s (Germany and others w...Read More
Here again, is yet another forecast unfolding that we would see a split in both the Democrats and Continue...Read More
I personally do not think it is remotely possible to elect someone to clean-up Washington. When it becomes this bad, history Continue...Read More
Right now the Chinese are furiously working in their biolabs, as are a whole host of other nefarious nations, such as North Korea and likely Iran.Continue...Read More