China's rebar prices rose in the east on Tuesday December 31, bolstered by restocking activity by stockists in expectation of price increases in January.DomesticEastern China (Shanghai): 3,700-3,750 yuan ($531-538) per tonne, up 20-30 yuan per tonneNorthern China (Beijing): 3,550-3,570 yuan per tonne, unchangedSellers in eastern China started with offer prices at 3,700-3,730 yuan per ton...Read More
The Turkish deep-sea scrap import market continued to stay quiet ahead of the New Year celebrations, sources said on Tuesday December 31.Steel producers in Turkey paused their deep-sea bookings on December 20, after a Baltic Sea cargo was booked at $303 per tonne cfr.No further...Read More
Seaborne iron ore prices rose on Tuesday December 31 amid advances in derivatives markets.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $92.13 per tonne, up $1.05 per tonne.62% Fe Pilbara Blend fines, cfr Qingdao: $91.22 per tonne, up $1.05 per tonne.62% Fe low-alumina fines, cfr Qingdao: $92.54 per tonne, up $1.20 per tonne.58% Fe fines high-premium, cfr Qingdao: $79....Read More
- Dave KranzlerI'm growing more confident that we're on the cusp of a big move higher in the precious metals sector because of the Fed's massive money printing. Also, because the money printing and near zero interest rates are visibly not stimulating economic growth, we're at the point at which unless the Fed continues increasing the amount of money it puts into the system, the melt-up in the...Read More
By: Avi Gilburt As a student of market history, I always find it interesting, and even sometimes quite comical, how certain fallacies about markets are continually propagated by investors and analysts alike. Throughout my career in writing about metals, I have tried to bring many of these to light, and explain why so many of the fallacies should be ignored.The latest in the string of fallacies...Read More
Jason Burack interviewed returning guest, Cornell organic chemistry professor, Libertarian and fan of the Austrian School Economics and value investing, Dave Collum https://twitter.com/DavidBCollum, about his 2019 year review and 2020 preview report.Each year, Dave takes an enormous amount of time compiling articles, research and analysis for his extensive "Year in Review" which he has now bee...Read More
Trend for gold and silver is very bullish. It is just a technical trade. I do not think that events in Middle east has any bearing to current firmness in gold and silver price rise. There is short covering at the moment. Gold price in almost every nation is at a historical high. I do not think 2019 returns in gold and in Asian currencies will be repeated over the next few years. 2020 gold return...Read More
GOLD COT REPORTS WERE DELAYED DUE TO THE HOLIDAYS: Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 364,31058,658122,022203,204543,600689,536724,280 Change from Prior Reporting Period 19,8174407,85777222,54928,44630,846 Traders 22660805653308173 Small Speculators LongShortOpen Interest 59,20124,457748,737 3,304...Read More
Import prices for steel slab in Southeast Asia and East Asia were stable over the past week amid limited trading activity during the year-end festive season."Most market participants are away for holiday in the last weeks of the year during the Christmas and New Year period," a trader in Indonesia said.Fastmarkets' price assessment for steel slab imports, cfr Southeast Asia and East Asia, was $400...Read More
In this important discussion between Egon von Greyerz of Matterhorn Asset Management and Grant Williams of Real Vision TV, they talk about the fake prosperity we live in, facilitated by negative interest rates as well as endless money printing and the dire consequences this will have for the world.Central banks are manufacturing money out of thin air and also making it free. So the money is worthl...Read More
Peter Schiff is an internationally recognized economist specializing in the foreign equity, currency and gold markets. Mr. Schiff made his name as President and Chief Global Strategist of Euro Pacific Capital. He frequently delivers lectures at major economic and investment conferences, and is quoted often in the print media, including the Wall Street Journal, New York Times, Barron's, BusinessWee...Read More
More charts: http://www.ingoldwetrust.report Many investors know that silver is undervalued relative to gold. Many also know that silver remains undervalued relative to the stock market. But check out just how undervalued silver is in this new video with Mike Maloney and Ronnie Stoeferle. This chart shows the silver/gold ratio (the gold/silver ratio inverted) vs. the S&P 500. Note the strong corre...Read More
The events of the past couple of days should be a major wake up call for all of us. The number of mass shootings in the United States hit a record high in 2019 as the thin veneer Continue...Read More
This whole bubble since 2009 has been about injecting more money into the financial asset pool - and investors, especially those Wall Street gunslingers, trading up into higher risk given a marketContinue...Read More
Max Keiser is an American broadcaster and film-maker. He hosts Keiser Report, a financial program broadcast on RT. He presents a weekly show about finance and markets on London's Resonance FM, and writes for The Huffington Post. Keiser invented "Virtual Specialist Technology," a software system used by the Hollywood Stock Exchange. Prior to inventing this technology, he worked on Wall Street where...Read More
Gregory Mannarino started his financial career working for the securities and trading arm of the now defunct Bear Stearns before the dot-com bubble. He is an active trader of the capital markets and has published several books pertaining to finance, global economics, and equity trading; His most recent book is titled Ultimate Guide To Money and The Markets (free ebook). Gregory currently hosts a b...Read More
"Iran killed an American contractor, wounding many. We strongly responded, and always will. Now Iran is orchestrating an attack on the U.S. Embassy in Iraq. They will be held fully responsible. In addition, we expect"Continue...Read More
Following the headline decline for Conference Board Consumer Confidence in November, analysts are expecting an exuberant bounce in December as every asset class rose majestically (despite retail sales slowing).Continue...Read More
Commodity prices are on the rise which could fuel inflation in 2020 and provide a strong tailwind for precious metalsContinue...Read More
The company's successes in this regard align with its aim to capitalize on its organic growth and land position. Pumpkin HollowNevada Copper Corp. (NCU:TSX; NEVDF:OTC) intersected near surface copper mineralization and delineated multiple new targets, both at its Pumpkin Hollow project in Nevada, it announced in a news release. These achievements resulted from the company's surface and near-surfa...Read More