Check out this headline I just read in my news feed..."Medical Cannabis for Troubled Veterans? A Congressional Subcommittee Takes Up the Complicated Topic"Seriously?We need a congressional subcommittee to decide whether or not our veterans should be able to use medical cannabis to treat things such as traumatic brain injuries and PTSD?And it's a complicated topic?Pardon my French, but are you f**k...Read More
Explor Resources Inc. (TSX-V: EXS, OTC PK: EXSFF, FSE & BE: E1H1) is a Junior GOLD and Base Metals Exploration Company, based in Quebec, Canada. The Company is currently focused on developing their Timmins Porcupine West (TPW) GOLD Resource flagship project, located in the Timmins Mining Camp of the Abitibi Greenstone Belt, in the Province of Ontario. We learned from Chris Dupont, President, CEO,...Read More
Domestic prices for hot-rolled coil (HRC) moved downward in the south of Europe over the week to Thursday May 2 due to slow trading, sources have told Fastmarkets.And although domestic prices in Northern Europe have been stable, sentiment remained negative with buying activity still subdued, according to market participants.Southern EuropeIn Southern Europe, domestic prices have moved down and buy...Read More
There was nothing on Wednesday that improved our outlook for markets based on insider sentiment. If anything, the Federal Reserve's stoic approach towards subdued inflation may have dimmed the outlook for a prolonged summer rally driven by performance-chasing investors. During his press conference yesterday, Jerome Powell repeatedly shrugged off questions and concerns about the Fed's ability to c...Read More
Prices for reinforcing bar steel in the United States continued to soften on weak demand, sources told Fastmarkets AMM. Fastmarkets AMM's price assessment for domestic rebar is $34.25-35.25 per hundredweight fob mill as of Wednesday May 1, down 0.7% from $34.50-35.50 per cwt two weeks earlier and off 2.1% from $35-36 per cwt at the beginning of the year. At the same time, Fastmarkets' assessment f...Read More
Rebar prices in the domestic market of Egypt picked up in the week ended Thursday May 2 amid higher import billet costs due to the temporary duty imposed on foreign material and lower availability of rebar as a consequence.Egypt imposed temporary import duties on billet and rebar on April 15 at a rate of 25% for rebar imports and 3-15% for billet imports.The safeguard duty on billet is c...Read More
Domestic long steel prices have gone up in Turkey over the past week but only because the country's lira has continued to weaken against the US dollar, sources said on Thursday May 2.Fastmarkets' weekly price assessment on Thursday for domestic rebar in Turkey was TRY3,300-3,350 ($553-562) per tonne ex-works, including 18% VAT, up from the TRY3,240-3,340 per tonne of last week.The local rebar pric...Read More
Metso has won an order to deliver two Metso truck bodies to Boliden's open pit Aitik copper mine in G??llivare. In addition, Metso will supply rubber bed liners for five more haul trucks.Boliden has been using Metso's rubber truck bed lining on half of their haul trucks for several years because of its numerous benefits in terms of working environment and maintenance. Boliden's recent decision to...Read More
The market for pig iron exports from the Commonwealth of Independent States (CIS) remained silent during the week ended Thursday May 2, with suppliers taking public holidays and the price of scrap unclear in the United States, the key outlet market.Fastmarkets' price assessment for CIS exports of high-manganese pig iron was $335-340 per tonne fob Black Sea on Thursday, narrowing upward from $330-3...Read More
The Turkish deep-sea scrap import market remained quiet on Thursday May 2, with participants expecting lower prices following the sale of a cheaper billet cargo to Saudi Arabia, sources have told Fastmarkets.A steel mill in northern Turkey sold 40,000 tonnes of billet to Saudi Arabia at $425 per tonne fob, equivalent to $452 per tonne cfr, multiple sources reported on Thursday.Following news of th...Read More
Seaborne iron ore prices remained flat on Thursday May 2, with trading activity muted due to the ongoing Labor Day public holiday in China.MB 62% Fe Iron Ore Index: $94.17 per tonne cfr Qingdao, unchanged. MB 62% Fe Pilbara Blend Fines Index: $93.20 per tonne cfr Qingdao, unchanged. MB 62% Fe Iron Ore Index-Low Alumina: $97.27 per tonne cfr Qingdao, unchanged. MB 58%...Read More
By: Ira EpsteinGold held up relatively well after the FOMC decision. $1,289.40 resistance:Read More
By: David StockmanThe Donald was at it again in Wisconsin this weekend, reiterating his patented boast that the US economy is booming like never before.We're now the No. 1 economy anywhere in the world and it's not even close," he said on Saturday night at a rally in Green Bay, Wisconsin."At the end of six years, you're going to be left with the strongest country you've ever had," he said.We be...Read More
Interest rates outlook was expected to be kept unchanged by the Federal Reserve. Fed also lowered interest rates paid on reserves. Chairman Powell's statement that that inflation risk appears to have been moderated resulted in fall in gold prices. What next for gold: Wider trading range is at $1249.60-$1263.20-$1280-$1297.10. Overall trend is down as long as gold trades below $1291. Gold needs t...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
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
Rebar prices in the domestic market of Egypt picked up in the week ended Thursday May 2 amid higher import billet costs due to the temporary duty imposed on foreign material and lower availability of rebar as a consequence.Egypt imposed temporary import duties on billet and rebar on April 15 at a rate of 25% for rebar imports and 3-15% for billet imports.The safeguard duty on billet is c...Read More
"We've always banned individuals or organizations that promote or engage in violence and hate, regardless of ideology,Continue...Read More
The CIS export billet market started May with no major price changes, mainly due to the May holiday lull in seller countries, but also because most producers sold all their May-rolling volumes in April.Several offers were heard as high as $430 per tonne fob Black Sea, but sources said the workable price was $420-425 per tonne fob, the level at which recent bookings were done.A 30,000-tonne ca...Read More
"This new evidence reveals that the government agencies are using the pretext of the border to make an end run around the First and Fourth AmendmentsContinue...Read More