* ECB focus on long-dated debt keeps euro zone curves flat* German state NRW set to be first to benefit, preps 50-year bond* Most euro zone yields edge up in late trade* Euro zone periphery govt bond yields tmsnrt.rs/2ii2Bqr (Updates prices for close)By Abhinav RamnarayanLONDON, July 4 (Reuters) - The gap between short- and long-term euro zone borrowing costs was near its tightest in over a week...Read More
Export pig iron prices from the Black Sea have gone up this week with Italian buyers accepting higher prices after a long silence in the market. But export prices from the Baltic Sea region were unchanged because buyers considered current offers to be too high.Metal Bulletin's export price assessment for high-manganese pig iron from the CIS region rose to $390-395 on Thursday July 5, from $385-390...Read More
SAN MIGUEL, Argentina (Reuters) - At an abandoned train station in Buenos Aires’ working-class suburb of San Miguel, hundreds of Argentines gather with bags of clothes, rice, flour and sugar to trade.Most are women, some accompanied by children. Cardboard signs with their names scrawled in black marker hang from strings around their necks. They walk slowly around the old concrete platform ye...Read More
Below are just a few topics covered:Deutsche Bank and the Italian and French DominosThe Coming Petro Yuan with a Gold BackingRussia's Rich History Battling the Deep StateNew Technology, The Role of Silver, JPM HordeUnintended Consequences of SanctionsThe Frankfurt ExchangeBlockchain Technology, The Tokenized Economy and Energy's RoleAnd Much More....Click here for full interview: https://www.perpe...Read More
Gerald is hopeful about Trump's overtures towards North Korea. There was never a point in going to war with the Hermit Kingdom. And the risks were huge. Gerald is concerned about Iran. Everything seems to be working against the Mullahs, hyper-inflation, a youthful population, deteriorating economics. There's no telling what will happen there. However, Trump managed to trick the war mongers on NK a...Read More
The Turkish deep-sea scrap import market remained silent on Thursday July 5, due to continuing weak demand in the country's finished steel markets, according to sources.After finishing bookings for July deliveries, Turkish steel producers have gone quiet as demand for finished steel in both the local and export markets has failed to bounce back after the country's presidential and general election...Read More
Things are getting challenging at Tesla Motors. However, they did manage to produce over 5k cars last week, with the help of a temporary tent-covered production line. Can they keep it up? Does anyone really care anymore? Elan Musk has 9 lives, let's see what happens next. What is prime real estate? John tells you what he thinks and beware of REIT's. And finally, there's trouble brewing in DC, but...Read More
Andrew Maguire is an Independent London Metals Trader and Analyst, internationally renowned for his unique ability to read the precious metals market with the knowledge and experience gained over 35 years trading in financial and commodity markets. Andrew sits on the advisory board of a global physical bullion exchange and is a consultant advisor to many international hedge fund managers, bullion...Read More
SAO PAULO (Reuters) - Boeing Co (BA.N) will buy a controlling stake in the commercial aircraft arm of Brazilian planemaker Embraer SA (EMBR3.SA) under a new $4.75-billion joint venture, the companies said on Thursday, cementing a global passenger jet duopoly.The new company, encompassing Embraer’s commercial aircraft and services businesses, should make Boeing the market leader for smaller p...Read More
Grant Williams is the portfolio manager of the Vulpes Precious Metals Fund and strategy advisor to Vulpes Investment Management in Singapore. Grant has 28 years of experience in finance on the Asian, Australian, European and US markets and has held senior positions at several international investment houses, including Robert Fleming, UBS and Credit Suisse. Since 2009, he has also been writing the...Read More
Click Here to Listen to the InterviewHighlights:Peter Schiff, head of SchiffGold, Euro Pacific Capital, and Euro Pacific Gold Fund (EPGFX) returns with his latest market insights.Inflation is a chief concern at EuroPac, just as the economy is headed back to a 2008 style Great Recession, which could result in StagflationStagflation has positive implications for the PMs sector, as illustrated by the...Read More
Turkish billet import prices have gone down this week on sluggish demand, while domestic and export prices have remained largely stable, sources said on Thursday July 5.Metal Bulletin's weekly price assessment for billet imports into Turkey was $520-530 per tonne cfr, down from last week's $530-540 per tonne.The downward movement in the assessment came after CIS suppliers lowered their offers to $...Read More
Over the last couple of years major social media, news and video platforms have been actively engaged in the censorship Continue...Read More
There may also be a gold angle to the electric vehicle revolution, argues the Gold Council in a study that looks at precious metal and various uses in electronics. While lithium, nickel, copper and cobalt have all enjoyed a lift, gold may have a role to play since it offers some circuitry and conductivity advantages over other types of metals.The industry is shifting rapidly towards electrificatio...Read More
SHANGHAI (Reuters) - Alex Chen, 40, an importer of U.S. wines in Shanghai, knows what it’s like to be pummeled by Chinese tariffs.His company, which sells sauvignon blancs and zinfandels to distributors in China has lost a half-million dollars in orders since China slapped tariffs in April on $3 billion worth of U.S. fruits, nuts and wine.A much larger group of U.S. companies and traders sel...Read More
When geopolitical events create crises in the world, volatility usually follows in world markets. The results of this volatility is important to note and I will discuss this below.Continue...Read More
South African mines that are on care and maintenance are bad for the economy and the issue is being raised with the Minerals Council, Mineral Resources Minister Gwede Mantashe said.The Department of Minerals and Energy has been to 11 mining areas to obtain feedback on the mining charter, Mantashe said at the opening of Sasol Ltd.'s Shondoni Colliery in Secunda in Mpumalanga province.The government...Read More
BERLIN (Reuters) - Time is pressing in Britain’s negotiations with the European Union on its departure from the bloc, German Chancellor Angela Merkel said on Thursday before talks with British Prime Minister Theresa May.“Negotiations will now enter a crucial phase. You know that on behalf of the European Union the Commission is leading those negotiations with the United Kingdom,”...Read More
Economist Peter Bookvar recently analyzed the the anecdotal evidence of capacity constraints piling up in recent industry surveys, including the following:Continue...Read More