The price of ferrous scrap imported into India surged this week on freight rate increases and a rising Turkish scrap market, sources told Fastmarkets on Friday February 21.Fastmarkets calculated the steel scrap, shredded, index, import, cfr Nhava Sheva, India, at $303.09 per tonne on Friday, up by $16.13 per tonne from $286.96 per tonne one week ago.Deals for shredded at the start of the week were...Read More
Turkish deep-sea scrap import prices continued to surge on Friday February 21, with mills booking more cargoes for March shipment, sources told Fastmarkets.A steel producer in the Izmir region booked a US cargo comprising 18,000 tonnes of HMS 1&2 (80:20) at $280 per tonne, 10,000 tonnes of shredded at $285 per tonne and 2,000 tonnes of bonus at $290 per tonne cfr.Another steel mill in the Iskender...Read More
Higher raw materials costs in the global market, particularly for scrap, spurred some Egyptian rebar producers to raise their offers to domestic customers during the week to Thursday February 20.Ezz Steel was offering rebar at E ?10,100 ($646) per tonne, up from E ?9,900 per tonne a week earlier, although it was ready to give an E ?80-per-tonne discount if a firm bid was made.Suez Steel announced...Read More
Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 408,34954,70066,606175,519561,131650,474682,437 Change from Prior Reporting Period 51,8146,1397,343-6,11041,71153,04755,193 Traders 25958685356336164 Small Speculators LongShortOpen Interest 64,84332,880715,317 4,2462,10057,293 non reportable positionsCha...Read More
Richard (Rick) Mills, Ahead of the herd"Minsky Moment" refers to the idea that periods of bullish speculation will eventually lead to a crisis, wherein a sudden decline in optimism causes a spectacular market crash. Named after economist Hyman Minsky, the theory centers around the inherent instability of stock markets, especially bull markets such as the current one that has been in place for o...Read More
By: Ira EpsteinGold is at the highest close in years. The old highs at the start of 2020 is now gone, trend is up, momentum..https://www.iraepstein.com/Ira EpsteinOver the past 35-years Ira Epstein has developed a reputation for providing clients with easy to use technology and teaching good old fashioned trading know-how. No matter how technology changes the methods of entering orders, there'...Read More
Prices in Southeast Asia's steel billet market declined during the week to Friday February 21 because of low-priced Japanese billet transactions and competitive offers for Chinese billet.But market sentiment turned positive towards the end of the week, with sources saying that prices are likely to have bottomed out for now.Fastmarkets' daily price assessment for steel billet, import, cfr Southeast...Read More
Harry's eyes these days are on the Fed's balance sheet, and they'll continue to be, as we march forward through this repo and coronavirus crisis...Harry Dent is a Fortune 100 consultant, new venture investor, noted speaker, bestselling author, and the founder and senior editor at Dent Research, where he dedicates himself to identifying and studying demographic, technological, and geopolitical tren...Read More
To Watch Update #26, CLICK HEREThe public's trust in the authorities running our system is suffering as a result of officials' ham-fisted tactics. Good information is increasingly hard to come by as world governments suppress any and all non-official sources. And much of the official 'data' being released appears untrustworthy. In many cases, it seems too benign for the massive and draconian effor...Read More
Why in the world would Mike Maloney, lover of all things Tesla, cancel his order on his Roadster?! Because he believes he'll someday buy this quarter-million dollar car with a $25,000 investment in this asset...Michael Maloney is a precious metals investment expert and historian. He is the founder and owner of GoldSilver.com, a global leader in gold and silver sales/storage and one of the world's...Read More
Host of FOX Business Network's The Claman Countdown, Liz Claman is joined by founder and CEO of Euro Pacific Capital, Peter Schiff. Peter shares how his father's staunch libertarian beliefs and Austrian economics influenced him after his father was put in prison for tax protesting and how Peter's unique financial insight helped him predict the 2008 housing crisis.Peter Schiff is an international...Read More
Chinese citizens get beaten, detained by police for not wearing a facial mask.Source: Chinese social mediaRead More
Police: No individual is allowed to spread information on the internet about the contagion if the information has not been approved by the authorities. Woman inside: Which agency are you referring to when you say "authorities"?Police: Go check the public notices. You are not allowed to spread any information. If you continue to do so and cause certain social impact, legal action will be pursued. Y...Read More
How bad is the coronavirus pandemic in China? It's worse than the Chinese government knows and worse than the world believes. Here are the official statistics on the coronavirus (technically COVID-19) as of today: Continue...Read More
China's domestic rebar prices rose on Friday February 21 amid strengthening futures and higher demand, which left some with the impression that the market had bottomed out.Eastern China (Shanghai): 3,420-3,450 yuan ($487-491) per tonne, up 20 yuan per tonne Northern China (Beijing): 3,350-3,380 yuan per tonne, up 20-30 yuan per tonne DomesticMore end users have started working, though so far they...Read More
Bob's website: tradegeniusacademy.comRead More
Topics:What are some knock-on implications of the US Treasury bond?Difference between Government money market funds vs. Prime money market fundsWhy treasury and investment grade bond demand flows will remain solidDeclining German bunds in circulationThe growing USD funding gapWhat are LCRs and why are they falling?The US treasury demand impact of Dodd FrankKnock-on implications as treasuries no lo...Read More
Liz Claman has a new podcast called "Everyone Talks to Liz Claman." It's a great show and I was on it earlier this week where I talked about growing up, some personal stories, and things you haven't heard me talk about in other interviews. I highly encourage you to check out the episode here: https://radio.foxnews.com/2020/02/19/...Coronavirus continues to help the dollar, but is helping gold even...Read More
"IF OUR FORMALLY TARGETED FARMERS NEED ADDITIONAL AID UNTIL SUCH TIME AS THE TRADE DEALS WITH CHINA, MEXICO, CANADA AND OTHERS FULLY KICK IN, THAT AID WILL BE PROVIDED BY THE FEDERAL GOVERNMENT, PAID FOR OUT OF Continue...Read More