Steel traders in Russia expect rebar producers to review their prices downward due to poor demand in the secondary market, Metal Bulletin has heard.In winter, construction activity is low in Russia because of the poor weather conditions, so demand for rebar normally falls.Metal Bulletin's price assessment for Russian domestic 12mm A500C rebar was 35,000-35,500 roubles ($603-612) per tonne cpt Mosc...Read More
By Axel Merk"Don't panic, buy the dip, who cares?" or "These are rumblings of an earthquake, people will be hurt like in 1929" - which one is it? I would call it a wake-up call. Let me explain:In recent years, markets had appeared eerily "safe". Central banks promised to do "whatever it takes", provided "forward guidance" to keep rates low, even printed money to buy government debt, calling it "...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
Rebar import prices for material brought into the United Arab Emirates and Saudi Arabia both went up this week while there were no imports of billet, sources told Metal Bulletin on Tuesday February 13.Demand for locally produced rebar in the UAE was still strong, however.Domestic rebarThe major rebar producers in the UAE announced new prices on January 16 and they have remained unchanged since the...Read More
This crazy but real photograph shows the woman on all fours on a, x-ray conveyor belt as she follows her bag while it passes through the security scanner.Continue...Read More
By Frank HolmesToday I'd like to share a few words about the Olympics, but first, two words: Don't panic.The stock selloffs last Monday and Thursday were the two biggest daily point drops in the history of the Dow Jones Industrial Average, but in terms of percentage point losses, they don't even come close to cracking the top 10 worst days in the past 10 years alone.After a year of record closin...Read More
Technical analyst Jack Chan charts the latest movements in the gold and silver markets.Our proprietary cycle indicator is down. The gold sector is on a long-term buy signal. Long-term signals can last for months and years and are more suitable for investors holding for long term.The gold sector is on a short-term sell signal. Short-term signals can last for days and weeks, and are more suitable fo...Read More
Boise, Idaho (February 12, 2018) - The Idaho State House today overwhelming approved a bill which helps restore constitutional, sound money in the Gem State. State representatives voted 60-9 to pass House Bill 449 sending the measure introduced by House Majority Leader Mike Moyle and Senate Assistant Majority Leader Steve Vick to the Senate for a hearing in the Local Government and Taxation Co...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 $560-570 per tonne cfr, theoretical weight,...Read More
Remington Outdoor Co. is filing for Chapter 11 bankruptcy protection, the company announced MondayContinue...Read More
Last week, everyone focused on the stock marketsell-off. Reasonably enough, given the pace of the declines. But the analystsfailed to pay enough attention to the very important shift. That change may bemore important than Trump’s victory in the presidential election. Will thecritical switch make gold shine – or dull? ThreeImportant Legacies of Yellen’s Fed TenureA crucial change...Read More
- Gold has outperformed equities and bonds over the long term - PwC Research- Gold is up 6.7% and 6.8% per annum over 10 and 20 year periods; Stocks and bonds returned less than 5.2% respectively over same period (see PwC table)- From 1971 to 2016 (45 years), "gold real returns were approximately 10% while inflation increased 4%"- Gold also valuable due to lack of correlation and hedge against...Read More
"Don't panic, buy the dip, who cares?" or "These are rumblings of an earthquake, people will be hurt like in 1929" - which one is it? I would call it a wake-up call.Continue...Read More
The Fed is "letting the stock market go."As I've outlined multiple times, if the Fed has to choose between supporting the bond bubble or supporting stocks, it will choose bonds Every. Single. Time.The fact is that in a debt-saturated world such as the one we live in today, if stocks collapse, investors and Wall Street get angry. If bonds collapse, entire countries go bust.Cue NY Fed President Bill...Read More
Turkish steel producers skipped Tuesday February 13 with no deep-sea bookings, amid high offer prices, market participants told Metal Bulletin.Scrap suppliers in the Baltic Sea region were heard offering HMS 1&2 (80:20) at around $355 per tonne cfr, but mills in Turkey were not willing to pay such high prices, sources said.The most recent deals, heard at the end of the last week, were from the Uni...Read More
There are nine indisputable signs on Wall Street that US Stocks have formed the Mother Of All Bubbles! Only the financially na??ve will not see these historic signs...as they are blinded by unbridled greed. Would that all intelligent investors who have gained profits for this long in the tooth bull will see and appreciate these 11 indications that the current IRRATIONAL EXHUBERANCE Mother Of All B...Read More
The physical metals will continue to outperform mining shares until there is some stabilization in the global arena, posits precious metals expert Michael Ballanger.In the "I hate to say I-told-you-so" category, it looks like the Punxsutawney Phil came out of his den last week, took one look at the state of the global stock markets, and decided to go back to bed for six years. One short week after...Read More
Last week, markets fell out of bed. Yesterday, they got up and dusted themselves off. I've been warning for months now that U.S. markets are in a rising bearish wedge. Continue...Read More
The Fed is "letting the stock market go."As I've outlined multiple times, if the Fed has to choose between supporting the bond bubble or supporting stocks, it will choose bonds Every. Single. Time.The fact is that in a debt-saturated world such as the one we live in today, if stocks collapse, investors and Wall Street get angry. If bonds collapse, entire countries go bust.Cue NY Fed President Bill...Read More