Trading activity in the Singapore rebar import market was tin in the past week due to an absence of Chinese participants for most of the period due to a holiday.Fastmarkets MB's weekly import price assessment for rebar into Southeast Asia - which mainly looks at cargoes sold into Singapore on a theoretical-weight basis - was $505 per tonne cfr for the week to Monday May 6, unchanged from a week ea...Read More
Physical iron ore prices were rangebound on Monday May 6 amid limited trading activity in the wake of further trade uncertainties between China and the United States, as well as the start of steelmaking restrictions in Tangshan.MB 62% Fe Iron Ore Index: $94.34 per tonne cfr Qingdao, up $0.17 per tonne. MB 62% Fe Pilbara Blend Fines Index: $93.37 per tonne cfr Qingdao, up $0.17 per tonne. MB 62% Fe...Read More
May 3rd, 2019(S14-E694)Featured GuestsDr. Seth Shostak Ph.D.& Bob HoyePlease Listen HereInterview RecapDr. Seth Shostak Ph.D, lead Astronomer and Astrophysicist at SETI, makes his Goldseek.com Radio debut. Dr. Shostak has a weekly broadcast where he discusses need to send NASA probes throughout the solar system for signs of life. The signalhunters team has rendered several thousand images o...Read More
By: David Chapman "Sell in May, and go away." old stock market adage "All there is to investing is picking good stocks at good times and staying with them as long as they remain good companies." Warren Buffett, CEO, Berkshire Hathaway; investor and philanthropist, b. 1930 "Wall Street's graveyards are filled with men who were right too soon." William Peter Hamilton, editor, The Wall Street J...Read More
By: Stefan GleasonThe roller coaster presidency of Donald Trump is currently riding high as the stock market races back up to new highs, economic data come in better than expected, and Congressional Democrats' endless investigations come up empty handed.Trump's approval rating recently hit 50% at the same time as CNN's ratings are tanking.Over the weekend, President Trump sent CNN and the rest o...Read More
Dear Friend of GATA and Gold:Gold investors, Kitco News market analyst Jim Wyckoff writes today, "are scratching their heads and wondering why their metal has not reacted more positively to unsettling developments on the geopolitical front":https://www.kitco.com/news/2019-05-06/Gold-Bulls-Perplexed-Safe-Haven-Me...Maybe some gold investors share Wyckoff's supposed puzzlement, but not all. In a...Read More
By: Keith WeinerOver the past several weeks, we have debunked the idea that purchasing power i.e. what a dollar can buy is intrinsic to the currency itself. We have discussed a large non-monetary force that drives up prices. Governments at every level force producers to add useless ingredients, via regulation, taxation, labor law, environmentalism, etc. These are ingredients that the consumer...Read More
StrengthsThe best performing precious metal this week was gold, after closing out the week on a strong uptick on Friday. Gold traders were split this week on the yellow metal as it headed for another down week, according to the weekly Bloomberg survey of traders and analysts. However, gold futures rose on Fr...Read More
By: Chris MartensonIn the song Sixteen Tons by Merle Travis (and made famous by Tennessee Ernie Ford), the idea of the 'company store' referred to a system of debt bondage that effectively trapped workers within an unfair system designed to harvest all of their labor at very low cost.You load sixteen tons, what do you get?Another day older and deeper in debtSaint Peter don't you call me 'cause...Read More
Fever took hold of the stock market as the week ended, stoked by the best unemployment numbers in half a century. Two days earlier, shares had fallen sharply as investors registered their disappointment in the Fed's latest pronouncement. Obfuscator-in-chief Powell had said the central bank would hold steady and that the economy seemed in fine shape. But the markets reacted as though they were ho...Read More
Nearly 1,500 delegates will descend upon Singapore this week to attend the seventh edition of Singapore Exchange's (SGX) annual Singapore Iron Ore Week.Much of the conversation at last year's event revolved around the need for suitable risk mitigation tools in the iron ore market amid wide and volatile grade differentials due to the Chinese government's environmental protection policy and robust m...Read More
Ferrous scrap will be the "next big thing" for commodity-based derivatives in Asia, according to the Singapore Exchange (SGX).It is one key commodity that the SGX is looking at to expand its slew of ferrous derivatives under the "virtual steel mill" concept, in addition to the iron ore and coking coal contracts that are already trading well on its platform, the exchange's head of commodities, Will...Read More
Chris Martenson of Peak Prosperity is back to break down the impact of Trump's tariff threats on energy markets and helps us find out which safe havens investors can be on the lookout for.Christopher Martenson is a former American biochemical scientist. Currently he is a writer and trend forecaster interested in macro trends regarding the economy, energy composition and environment. He is the foun...Read More
Part 1 (part 2 below)Warren Buffett, Charlie Munger and Bill Gates sit down with CNBC's Becky Quick to discuss the latest developments in the U.S.-China trade talks and what they think should happen next to benefit all parties. Bill Gates, Charlie Munger and Warren Buffett sit down with CNBC's Becky Quick to give their opinion on the debate between capitalism and socialism.Part 2Read More
Will the housing bust in Australia trigger a mortgage crisis that hits the big four banks to where there's a banking panic and financial crisis in Australia? And what will this do globally?Wolf Richter is the founder of Wolf Street Corp and the publisher of WolfStreet.com. Wolf has over twenty years of C-level operations experience, including turnarounds and a VC-funded startup. He has a BA, MA, a...Read More
"We have a recession in place. It's just a matter of playing out in some of these other funny numbers."Walter J. "John" Williams has been a private consulting economist and a specialist in government economic reporting for more than 30 years. His economic consultancy is called Shadow Government Statistics (shadowstats.com). His early work in economic reporting led to front-page stories in The New...Read More
Charles Hugh Smith writes the Of Two Minds blog which covers an eclectic range of timely topics: finance, housing, Asia, energy, long-term trends, social issues, health/diet/fitness and sustainability. From its humble beginnings in May 2005, Of Two Minds now attracts some 200,000 visits a month. Charles also contributes to AOL's Daily Finance site and has written eight books, most recently "Surviv...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
Import prices for steel slab in Southeast Asia and East Asia were unchanged over the past week amid quiet market conditions ahead of the start of the Islamic holy month of Ramadan.Re-rollers in Indonesia remain well-stocked and are in no rush to replenish supplies due to an expected reduction in business activity during Ramadan, a trader in Southeast Asia said.Ramadan starts on May 5 and ends on J...Read More
"How can it be possible that James Woods (and many others), a strong but responsible Conservative Voice, is banned from Twitter?" President Trump tweeted.Continue...Read More