Turkish prices for hot-dipped galvanized coil (HDG), and color-coated coil or pre-painted galvanized iron (PPGI), increased in the week to Friday November 8, despite demand remaining weak, sources told Fastmarkets.The rise in raw materials prices is the reason for the higher steel prices, they added.Fastmarkets' daily index for steel scrap, HMS 1&2 (80:20 mix), Northern Europe origin, cf...Read More
Domestic rebar prices in Poland have been largely stable over the past seven days, but mills expect to increase their offer prices next week in response to rising scrap costs, sources told Fastmarkets on Friday November 8.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), domestic, exw Poland, was 1,950-1,970 zloty ($506-511) per tonne on November 8, compared with 1,950-1,970...Read More
Restrictions on international trade may lead to a further decline in the volumes of steel exports from Turkey to the EU, with the country's exports to the United States already near zero, according to Ugur Dalbeler, chief executive officer of Turkish steelmaker ??olakoglu Metalurji.Dalbeler is also a member of the board of directors of the Turkish Iron & Steel Producers' Association (T???oeD). He...Read More
Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 344,59164,76398,524181,688498,826624,803662,113 Change from Prior Reporting Period 9,1685,85533,1194,69120,61346,97859,587 Traders 20283815755290196 Small Speculators LongShortOpen Interest 65,37828,068690,181 -239-12,84846,739 non reportable positionsCha...Read More
The US stock markets have surged to all-time-record highs, fueled by extreme Fed easing. It jawboned about rate cutting, slashed rates, and birthed a new large-scale Treasury monetization campaign! All this has left traders hyper-complacent, assuming the upside will continue indefinitely. But are these lofty stock levels fundamentally-justified? The big US stocks' just-reported Q3'19 r...Read More
By: Ira EpsteinGold - how far low can it go?Read More
Typical gold and silver price movement after Diwali. Gold and silver have always formed short term peak around Diwali. Irrespective of the news, history has repeated itself. I will prefer to use sharp dips to invest for next year. Long term investment is good at current price. Short term investors and very short term traders need to remain on the sidelines. Physical demand and investment demand...Read More
Salzgitter expects a significant decrease in its earnings for the first nine months of 2019, the German steelmaker said.It forecasts preliminary earnings before taxes at ?,?40.7 million ($45.01 million) for the first nine months of 2019, down by 85.7% from ?,?284.6 million in the corresponding period of 2018.Sales outside the group declined down by 4.55% to ?,?6.6 billion in January-September 2019...Read More
Erik Townsend and Patrick Ceresna welcome Keith McCullough to MacroVoices. They discuss the macro themes of the last quarter of 2019, what is next for the Chinese economy, long short pairs trade in software industry and moreMr. Keith R. McCullough is the Founder and CEO of Hedgeye Risk Management LLC. He covers the strategy sector at the firm. Prior to founding the firm, Mr. McCullough was a Partn...Read More
Axel Merk is the Founder, President, Portfolio Manager, and CIO at Merk Investments LLC. He is an expert on qualitative research and macroeconomic trends. Mr. Merk is also an expert on macro trends, hard money, international investing, and on building sustainable wealth, and he is a pioneer in the use of strategic currency investing to seek diversification. He is a speaker and author on topics ran...Read More
"We are removing any and all mentions of the potential whistleblower's name and will revisit this decision should their name be widely published in the media or used by public figures in debate.Continue...Read More
Central banking can only exist at the expense of Liberty. The longer that it exists, the more Liberty it destroys. Ultimately, one of the two must give.Dr. Ron Paul is a physician and former twelve-term congressman from Texas who ran for president in 2008. He is the author of eight books, including the New York Times bestsellers The Revolution: A Manifesto and End The Fed. An unwavering defender o...Read More
Eric Sprott discusses this week's downturn in precious metal prices while also providing his perspective on several mining companies which have recently reported quarterly earnings.Eric Sprott has more than 40 years of experience in the investment industry. In 1981, he founded Sprott Securities (now called Cormark Securities Inc.), which today is one of Canada's largest independently owned securit...Read More
Portfolio Manager, attorney, finance author, a regular guest on North American media. Danielle Park is the author of the best selling myth-busting book "Juggling Dynamite: An insider's wisdom on money management, markets and wealth that lasts," as well as a popular daily financial blog: www.jugglingdynamite.com. Danielle worked as an attorney until 1997 when she was recruited to work for an intern...Read More
Slides and Links: https://www.itmtrading.com/blog/inves...A leveraged loan is typically used in LBOs (leverage buyouts) where a corporate merger or acquisition is funded by debt initially funded by either a bank or a non-bank. Then, "using the leveraged loan market as a wallet" additional debt is put on the corporation to fund dividend payouts. Once that money has been paid out, it's no longer ava...Read More
A handful of chart by Albert Edwards at Society General suggests a recession is long overdue.Continue...Read More
The Federal Reserve's grand scheme to raise asset prices and create a "wealth effect" has many unintended consequences, not the least of which is pricing young people out of the real estate marketContinue...Read More
"The U.S. economy has experienced more than $500 billion in direct losses over the last five years due to climate and weather-related events. In addition, climate change has significantContinue...Read More
Despite the NY Fed disclosing recently that Repo Madness averages (means that some days it's a lot higher) $190 billion dollars per day and not $120 billion dollars per day, the US Dollar Index is rallying and back over 98.The Fed's official balance sheet increased another $20 billion dollars in the last week. It's now increased $72 billion dollars in just the last 2 weeks and $279.5 billion dolla...Read More
Prices for 18/8 stainless steel scrap increased this week in Europe despite market participants insisting that demand was still at "rock bottom", sources told Fastmarkets on Friday November 8. While mills continued to enjoy high discounts for the nickel component of the scrap, traders said the recent fall in alloy scrap prices had happened too quickly and that scrap merchants were u...Read More