Export prices for hot-rolled coil from the Commonwealth of Independent States have increased over the past week as several sales at higher prices were done to key outlets, sources told Fastmarkets on Monday December 2.Fastmarkets' price assessment for steel HRC, export, fob Black Sea, CIS, was $405-415 per tonne on Monday December 2, up by $10 per tonne from the previous week.Russia-origin HRC was...Read More
An expected uptrend in the United States' December ferrous scrap settlement has offset ongoing weak demand and made mill list prices for beams relevant once again, according to market sources. Fastmarkets' monthly price assessment for steel beams 8 x 8-inch, fob mill US gained $1 to reach $33.75 per hundredweight ($675 per short ton) on Monday December 2, moving in line with mill list pr...Read More
Rebar prices in Russia's major steel-consuming region, the Central Federal District around Moscow, have gone down further due to seasonally weak demand from end-users, sources told Fastmarkets on Monday December 2.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), domestic, cpt Moscow, Russia, including 20% VAT, was 31,000-32,000 roubles ($482-498) per tonne on Monday December...Read More
The Arab Iron & Steel Union (AISU) held its annual summit in Tunis, Tunisia, on November 27-28. Here are four things that Fastmarkets learnt at the event:Mena region steel consumptionSteel consumption in the Middle East-North Africa (Mena) region is expected to rise to 41 million tonnes in 2020, compared with 40 million tonnes in 2019, AISU secretary-general Kamel Djoudi said.The key driver of hig...Read More
Prices for certain grades of ferrous scrap rose in the Mexican steelmaking regions of Baj?-o and Monterrey over the past week, with some consumers already applying price increases to secure their supply.In Mexico's central Baj?-o region, at least one steelmaker increased prices by up to 200 pesos ($10) per tonne last week, while other steelmakers were telling scrap sellers that they will struggle...Read More
Turkish deep-sea scrap import prices have increased on a fresh transaction amid tightening supply and good demand, sources told Fastmarkets on Tuesday December 3.A steel mill in the Iskenderun region booked a Baltic Sea cargo, comprising 24,000 tonnes of HMS 1&2 (80:20) at $280 per tonne and 3,000 tonnes of bonus at $290 per tonne cfr. The cargo was scheduled for shipment in January.This compares...Read More
By: Daniel R. Amerman, CFAWe currently have well above average prices for stocks, bonds and homes. This raises a simple question - what would happen to the average retirement account and to home equity for the average homeowner, if valuations were to return to what long term averages show us are normal valuations?Using decades of valuation information on stocks, bonds and homes, this analysis de...Read More
Stewart Thomson, Graceland Updates 1. While some analysts are getting a bit negative in their outlook for gold, the physical market is getting stronger and that's very good news for investors. 2. Please click here now. I predicted that Indian jewellers would step into the market in the $1465 area, and that has obviously occurred. 3. Given the onerous import duty, Nov...Read More
Clint Siegner, Money MetalsThe presidential race will mesmerize Americans over the next 11 months. The country hasn't been this polarized since the Civil War.Voters on the left desperately want a story which undermines support for President Trump. They are also searching for a candidate who can actually win.Many Republicans are outraged about the Deep State and corporate media campaign obsession...Read More
Dave Kranzler, Mining Stock JournalThe price of gold has held firm at the $1460 (front-month contract basis, not the Kitco "spot" price) level despite the constant price attacks that have been occurring overnight and into the Comex floor trading hours since early November.On an intra-day basis gold has managed to hold continuous aggressive attempts to push the price below $1460 for the last 6 tr...Read More
Stage is set for big rally in gold and silver unless various US November jobs numbers beat street expectation by a big margin. U.S. President Donald Trump announced tariffs on metal imports from Brazil and Argentina. USA has threatened to impose new tariffs on trade with the European Union after the World Trade Organization (WTO) ruled that the EU had not complied with an order to halt illegal s...Read More
Seaborne iron ore prices weakened on Tuesday December 3 amid losses in futures and rebar markets.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $88.31 per tonne, down $0.14 per tonne.62% Fe Pilbara Blend fines, cfr Qingdao: $87.40 per tonne, down $0.14 per tonne.62% Fe low-alumina fines, cfr Qingdao: $88.20 per tonne, down $0.12 per tonne.58% Fe fines high-premium, cfr Qingd...Read More
CIS billet producers were in a bullish mood in early December despite the slowdown in trading activity, after another round of scrap price increases last week spurred them to increase offers. Billet offers from CIS mills surged to $395-405 per tonne fob Black Sea in the first week of December, against $385-395 per tonne fob a week earlier. "CIS mills pushed their prices higher on the back of highe...Read More
If history were to repeat itself, the recent escalation of the trade wars could result in a recession, this according to Doug Casey, founder of Casey Research."It was the Smoot-Hawley tariffs that really brought on the last Great Depression, and it could happen again this time. The world is much more involved in trade now than it was in the 1920's," Casey told Kitco News. Doug Casey is an American...Read More
Topics include: on the verge of economic collapse, the Bernanke bust, repurchase agreements and QE, inter-bank LIBOR rate cuts, negative interest rates, massive currency creation, impossible to be fixed, vital to be prepared, modern monetary 'theory' and socialism, risk of hyperinflation, safe havens in precious metals and certain cryptos, zero risk in precious metals, self-sufficiency, GoldSilver...Read More
David remains convinced that we remain in a bull market for precious metals that began back in 2015. Gold remains well above its breakout level of $1350, but silver is struggling below $17. In addition, there is further resistance to overcome between $19 and $21.Time Stamp References:0:40 - The outlook for gold and silver.3:20 - What to look for in juniors?11:30 - What would you have done differen...Read More
Do you really own your own home? Are your taxes constitutional? Do you have any privacy left? Can you trust the mainstream press and government statistics? John Whitehead, founder of the Rutherford Institute, constitutional attorney who for nearly 40 years has fought cases all the way to the Supreme Court, joins Finance & Liberty and Reluctant Peppers this first time for a scorching survey of unco...Read More
As a towering libertarian figure and former presidential candidate, Ron Paul has been advocating for reform of the Federal Reserve for years. Recent political drama obscures the fact that the current monetary system, he argues, works to the benefit of an out-of-control government and its insiders, not the average citizen. Leading US presidential candidates rightly rail against crony capitalism but...Read More
Britain's first transgender couple have stoked controversy by revealing that they will allow their 5-year-old child to also begin gender transition.Continue...Read More
60 Minutes found that over 300 video ads for President Trump were taken down already by Google for violating company policyContinue...Read More