On this episode of Trillions, Eric and Joel speak with Jim Bianco, president and founder of Bianco Research LLC, on why he's become an "inflationista" of late and how investors should prepare. He also discusses his views on a few ETFs (ARK's among them), Bitcoin's potential, and why the retail day trader is here to stay post-pandemic.Jim Bianco is President and Macro Strategist at Bianco Research,...Read More
Gregory Mannarino started his career working for the securities and trading arm of the now defunct Bear Stearns before the dot-com bubble. After realizing that working on Wall Street was not like the movies, he moved on to get a medical degree and practiced medicine as a Physician Assistant. He also served in the United States Naval Reserve Medical Service Corps, having attained the rank of Lieute...Read More
If you thought that authorities all over the planet could print, borrow and spend money like there was no tomorrow without Continue...Read More
"Some Japanese reported to our embassy in China that they received anal swab tests, which caused a great psychological pain," Katsunobu Kato, Japan's chief cabinet secretaryContinue...Read More
"The continuation of the DPRK's nuclear programme is a clear violation of relevant UN Security Council resolution and is deeply regrettable," he Continue...Read More
"Future clinical trials will determine whether this promising GSM is safe in humans and could be used to effectively treat or prevent Alzheimer's disease."Continue...Read More
"The price of gold is down 11% over the past twelve months. The S&P 500 is up 27% over the past twelve months. Bitcoin is up 467% over the past twelve months. Great dispersions often precede great reversions. We shall see."Continue...Read More
The current movement into #silver?EUR< and #gold?EUR< is much bigger than #SilverSqueeze?EUR<, says mining executive and metals analyst David Jensen.0:00?EUR< Intro0:53?EUR< Physical demand vs the price3:31?EUR< 1000oz bar shortage4:54?EUR< It's bigger than #SilverSqueeze?EUR<6:44?EUR< M2 Money Supply signals crash7:55?EUR< Metals' price forecasts9:53?EUR< Inflation concerns12:42?EUR< Cryptos to c...Read More
Trading activity in the CIS export market for steel billet had revived by the end of the week to Thursday March 4, although it started relatively quietly amid a lack of certainty in the raw materials and finished long steel sectors in customers' markets, particularly in Turkey."Turkish customers did not place many bids [for billet imports] because rebar and merchant bar sales in their domestic and...Read More
The steel billet and rebar markets in Egypt have remained slow over the past seven days, with prices unchanged, sources told Fastmarkets on Thursday March 4.Demand for billet imports has been very slow since last year, and there have been hardly any imports since October 2020.The main reason for this weak demand for billet, Fastmarkets was told, was the Middle Eastern country's import safeguard du...Read More
The European ferro-titanium price dropped over the week to Wednesday March 3, with the range widening lower, which surprised industry sources because an acute shortage of scrap has been pushing up all titanium markets in recent months, sources said.The dip in ferro-titanium prices should be brief, however, given the upward pressure on prices from tight feedstock supplies, which is squeezing alloy...Read More
ArcelorMittal Nippon Steel India (AM/NS India) has signed a memorandum of understanding (MoU) with the government of Odisha, India to build an integrated steel plant in Odisha with a capacity for 12 million tonnes per year, it announced on Thursday March 4.The plant will be set up in the Kendrapara district and the investment is reported to be 500 billion rupees ($6.87...Read More
Here are five Fastmarkets stories you might have missed on Wednesday March 3 that are worth another look.A crackdown on industrial activity in Tangshan, China's steelmaking hub, is sending jitters throughout the sector. Fastmarkets examines what it means for the steel industry.Glencore has appointed BMO...Read More
Turkish prices for hot-rolled and cold-rolled coil increased in February 2021, with market demand strong because of low stock levels, Fastmarkets heard on Wednesday March 3.The country's HRC producers were fully booked until late June, while CRC producers were accepting orders for June, July and August production. They were not willing to give any discounts because of the strong local and export d...Read More
Here are five Fastmarkets stories you might have missed on Thursday March 4 that are worth another look....Read More
Copper's price dipped to $8,907.50 per tonne while nickel sank by 7.4% at the 5pm close of trading on the London Metal Exchange on Thursday March 4, with sell-offs and corrections seen for a second day.Prices for other materials in the base-metals complex fell by an average of 1.9%."Base metals have backed off from their recent highs over the past week, with the market experiencing some very viole...Read More
Trading activity in the CIS export market for steel billet had revived by the end of the week to Thursday March 4, although it started relatively quietly amid a lack of certainty in the raw materials and finished long steel sectors in customers' markets, particularly in Turkey."Turkish customers did not place many bids [for billet imports] because rebar and merchant bar sales in their domestic and...Read More
ArcelorMittal Nippon Steel India (AM/NS India) has signed a memorandum of understanding (MoU) with the government of Odisha, India to build an integrated steel plant in Odisha with a capacity for 12 million tonnes per year, it announced on Thursday March 4.The plant will be set up in the Kendrapara district and the investment is reported to be 500 billion rupees ($6.87...Read More
Here are five Fastmarkets stories you might have missed on Thursday March 4 that are worth another look....Read More
A key topic reverberating around the Asian steel market over the past month has been the possibility of China reducing steel export rebates to 9% from the current 13%, or possibly axing them altogether.Market chatter on this topic has grown increasingly louder, with industry sources in China hearing more and more details about these plans from late January onward."This is likely in line with China...Read More