Rebar prices in eastern China surged further on Tuesday April 9 on an optimistic outlook among sellers for demand to strengthen over the rest of this month.Domestic Eastern China (Shanghai): 4,070-4,100 yuan ($606-610) per tonne, up 70-90 yuan per tonneNorthern China (Beijing): 3,960-3,990 yuan per tonne, up 10 yuan per tonneEnd-user demand for rebar has been strong since mid-March and is expected...Read More
The latest bids, offers and deals in the global markets for rebar, wire rod, steel beams and other long steel products. Latest transaction: rebarRebar East China, domestic, grade...Read More
The Turkish steel mills continued to show minimal interest in deep-sea scrap purchasing on Tuesday April 9, with only one transaction heard so far this week, sources said.Some market participants had expected the mills to resume their deep-sea purchases at the recent International Rebar Producers & Exporters Association conference (Irepas 80), which took place in Barcelona on April 7-9.A...Read More
Seaborne iron ore prices corrected down slightly on Tuesday April 9 after surging past $95 per tonne cfr China on Monday.MB 62% Fe Iron Ore Index: $94.85 per tonne cfr Qingdao, down $0.45 per tonne. MB 62% Fe Pilbara Blend Fines Index: $93.97 per tonne cfr Qingdao, down $0.45 per tonne. MB 62% Fe Iron Ore Index-Low Alumina: $96.99 per tonne cfr Qingdao, down $0.61 per tonne. MB 58% Fe Premium Inde...Read More
By: Clint SiegnerThe gaggle of socialist candidates vying to win the Democratic nomination for president all agree on one thing. They believe government should be doing a lot more.Just how to pay for all of those dreams is the question. Modern Monetary Theory (MMT), we are told by the likes of Alexandria Ocasio Cortez, is the answer.The New York Times describes MMT as a "package of eccentric i...Read More
By: IRA EPSTEINGold breaks the downtrend, stalls at 18-DMA..Read More
StrengthsThe best performing metal this week was platinum, up 6.07 percent. Platinum is set for its biggest weekly advance in two years, as its wide discount to sister metal palladium creates interest for the metal. Bloomberg writes that traders are also weighing the potential for labor disruptions in South...Read More
By: RambusIn part two of the Quarterly Report I'm going to update some long term charts for some of the world stock markets. As you will see many have formed massive ten plus year consolidation patterns similar of what we observed in the first installment of the Quarterly Report which are similar in duration to many of the US stock markets. It's these big multi year consolidation patterns that a...Read More
Considering the dour outlook for Q1 earnings, the stock market's exuberant run-up over the last month feels like Tennyson's Charge of the Light Brigade: "Into the valley of Death rode the 600...' And yet, we know from watching the shares of Boeing, Apple (see chart inset) and Facebook go vertical into a steady stream of negative news concerning each that Wall Street's '600' really don't give...Read More
Trump is now threatening European Union with new trade tariffs. The move is just to support Boeing as its rival Airbus is getting more orders after a Boeing latest plane crashes. A steady decline and decay in the USA-European Union relation is happening as a result of Trump's bully attitude. Gold will rise. European Union will also reduce dependence on American exports and diversify as a counter...Read More
The seaborne iron ore concentrate and pellet markets remained muted in the week ended on Friday April 5 despite the surges in iron-ore fines prices.ConcentrateFastmarkets' weekly MB 66% Fe Iron Ore Concentrate Index stood at $104.12 per tonne cfr China on Friday April 5, up by $7.39 per tonne from March 29.Fastmarkets' daily MB 65% Fe Iron Ore Index averaged $103.64 per tonne cfr China last week,...Read More
Prices for imported steel billet in the United Arab Emirates increased this week in the latest deals heard, while rebar prices remained stable, sources told Fastmarkets on Tuesday April 9.Domestic rebarLocal rebar producers in the UAE kept their prices unchanged for May production, with demand expected to remain weak because the Islamic holy month of Ramadan starts early in that month.Observance o...Read More
For Part 1 of this interview, CLICK HEREMax continues his conversation with Craig Hemke of TFMetalsReport.com. They discuss precious metals, negative interest rates, central bank intervention, and the future of the economy.Known primarily by his nickname "Turd Ferguson," Craig Hemke is the founder and editor of the popular TF Metals Report blog and podcast, covering precious metals, the financial...Read More
John Rubino is the founder and manager of the popular financial website DollarCollapse.com. Mr. Rubino is the co-author, with GoldMoney's James Turk, of The Money Bubble and The Collapse of the Dollar and How to Profit from It. He spent the 1980's on Wall Street as a Eurodollar trader, equity analyst and junk bond analyst. During the 1990's he was a featured columnist with TheStreet.com and a freq...Read More
Though not surprising, it's nevertheless extraordinary to watch Donald Trump publicly and shamelessly morph into a George W. Bush era neocon when it comes to foreign policyContinue...Read More
In spite of president Donald Trump's promise to cull the unnecessary wars that the United States is constantly involved in (or starting), they continue to use tax money Continue...Read More
Harley Schlanger's work can be found at LaRouchePAC.com.Read More
Rebar prices in eastern China surged further on Tuesday April 9 on an optimistic outlook among sellers for demand to strengthen over the rest of this month.Domestic Eastern China (Shanghai): 4,070-4,100 yuan ($606-610) per tonne, up 70-90 yuan per tonneNorthern China (Beijing): 3,960-3,990 yuan per tonne, up 10 yuan per tonneEnd-user demand for rebar has been strong since mid-March and is expected...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
Following Christine Lagarde's warnings last week, The IMF has officially cut its outlook for global growth to the lowest since the financial crisis amid a worsening outlook Continue...Read More