Most major mills in China on Tuesday January 30 rolled over their export offers for hot-rolled coil for this week amid a drop in supply in the domestic market. Domestic Eastern China (Shanghai): 4,070-4,110 yuan ($643-649) per tonne, down 20 yuan per tonne Northern China (Tianjin): 3,940-3,970 yuan per tonne, unchanged China's domestic HRC market remained relatively steady during the day, with pri...Read More
David Stockman is a former Republican congressman from Michigan and was President Reagan's budget director from 1981 to 1985. After leaving the White House, Stockman became a managing director at Salomon Brothers, and he later founded a private equity fund. David is the founder of David Stockman's Contra Corner, and he is the author of The Great Deformation: The Corruption of Capitalism in America...Read More
Graceland Updates By Stewart Thomson 1. Technically and fundamentally, gold is poised to resume its magnificent rally that is taking investors into what I call a "bull era".2. The next FOMC meeting announcement is tomorrow. I expect the Fed to strongly signal more rate hikes and ramped up quantitative easing. There's an outside chance that bank deregulation is addressed, but tha...Read More
Gold and silver should see further appreciation in 2018 through 2020, said David Morgan of The Morgan Report. David Morgan is a world-renown precious metals aficionado. He is the creator of the Silver-Investor.com website and The Morgan Report, a monthly report that covers economic news, overall financial health of the global economy, currency problems and the key reasons for investing in precious...Read More
Last week the Senate confirmed Jerome Powell as Federal Reserve Chairman by a vote of 84-13. This is in contrast to the contentious debates and closer votes over Janet Yellen's confirmation in 2014 and Ben Bernanke's confirmation for a second term in 2010. Powell benefited from a perception that the economy's recovery from the 2007-08 meltdown proves that the Fed is a capable manager of monetary...Read More
By BullionStarThe traditional phrase "worth your weight in gold" has been used since Roman times, and is a well-known saying signifying that someone or something is very valuable, helpful, or to be treasured.But taken literally, what 'value' would a person be worth if they were worth their own weight in gold?For a given gold price, the answer not surprisingly depends on the person's weight, so...Read More
Have you ever seen this much gold in one place? In this video Mike Maloney shows the remarkable images coming out of Russia that are evidence of their recent surge in gold reserves. What do they see coming? Is this a subtle challenge to Fort Knox and their ongoing lack of transparency? Michael Maloney is a precious metals investment expert and historian. He is the founder and owner of GoldSilver.c...Read More
The latest bids, offers and deals in the global markets for rebar, wire rod, steel beams and other long steel products. Latest transactions: rebarRebarTurkey, export, rebar, offered at $560-565 per tonne cfr, theoretical weight, to the UAE.Turkey,...Read More
By Gary SavageThis video explores the possibility that stocks are currently giving us a brief pull back before the next powerfully rising intermediate cycle begins.https://blog.smartmoneytrackerpremium.com/ Read More
Egyptian steel producer National Port Said Steel (NPSS) has started production of billet and rebar at its facility in Al Ain Al Sokhna, Italian equipment supplier Danieli said on Monday January 29.The mill is 55 km south of Suez and 120 km east of Cairo. It has capacity for 830,000 tonnes per year of billet and 530,000 tpy of rebar and...Read More
By Rory HallFor the past year the mainstream media has attempted to sale the U.S. citizens that Trump colluded with the Russian's to rig the election and deny hillary her rightful position as President of the United States.Over the past several months we have learned that hillary and her top supporters, including former White House occupant, Hussein Obama, actually may have committed treason and...Read More
By Clint Siegner Those wanting a glimpse into the future of our federal government's finances should have a gander at Illinois. The state recently "resolved" a high-profile battle over its budget. Taxpayers were clubbed with a 32% hike in income taxes in an effort to shore up massive underfunding in public employee pensions, among other deficiencies. But, predictably, it isn't working. Peopl...Read More
"Until the investigation can rule otherwise, Marilou Danley and Douglas Haig have become persons of interest who may have conspired with Stephen Paddock to commit Murder witContinue...Read More
Most of the prices for rebar and billet in the United Arab Emirates and Saudi Arabia were stable this week while imports were silent, sources told Metal Bulletin on Tuesday January 30.Demand for local rebar, meanwhile, was strong in the UAE. Domestic rebar Major local rebar producers in the UAE announced new prices on January 16. The country's biggest producer, Emirates Steel, is offering rebar at...Read More
By Frank HolmesTwo big themes last week at Inside ETFs, the Comic-Con of exchange-traded funds attended by more than 2,300 advisors and investors, were innovation and disruption. Like all other industries, the investing world has seen its fair share of disruption in the past quarter-century think indexing, passive investing, the rise of robo-allocation and now blockchain and cryptocurrencies. Th...Read More
ABN Amro's Casper Burgering took the top spot on Metal Bulletin's Apex 2017 yearly base metals leaderboard with an accuracy rating of 96.4%.In second place for base metals was Investec with an accuracy rating of 96.1%, while Ed Meir of INTL FCStone was in third with 96%. Metal Bulletin Research took fourth place with 95.60% and Bert Melek from TD Securities was fifth with 94.10%. In the precious m...Read More
- Property crisis in London as over half of 1,900 luxury apartments built 2017 fail to sell- London's still high priced property causes companies to locate offices elsewhere- At current rates, glut of London properties will take three years to sell- Leading London-based estate agents Foxtons' sees 42% drop in earnings, yoy- UK's largest estate agent issues second profit warning in three months-...Read More
Echoing the criticism of too much hype surrounding U.S. shale from the Saudi oil minister last week, a new report finds that shale drilling is still largely not profitable. Not only that, but costs are on the rise and drillers are pursuing “irrational production.”Riyadh-based Al Rajhi Capital dug into the financials of a long list of U.S. shale companies, and found that “despite...Read More
Deutsche Bank and its associate group, UBS, HSBC etc have been fined by the CFTC for gold price manipulation. I am sure silver prices are being manipulated by a group of banks and hedge funds. Silver is undervalued. Long term industrial uses of silver will exceed production. Those who had invested in physical silver have lost all hope that silver prices can rise. Some of the silver investors are...Read More