Domestic prices for hollow steel sections in Europe were unchanged this week as the market considered mill proposals to increase prices despite further falls in feedstock costs, sources told Fastmarkets on Wednesday May 22.Fastmarkets' domestic price assessment for commodity-size, grade-S235 square hollow sections made in Northern Europe was unchanged week on week at ?,?600-630 ($669-703) per tonn...Read More
The quietness in the deep-sea scrap markets has continued because market participants were still looking for clarity in the export markets for finished products such as rebar, sources said on Wednesday May 22.After the United States reduced its tariff on steel imports from Turkey to 25%, from 50%, on May 17, Turkey was again in a position to supply to the US market.But scrap suppliers pulled back...Read More
Iron ore prices continued their uptrend on Wednesday May 22 with the Fastmarkets MB 62% Fe Iron Ore Index rising to more than $105 per tonne cfr China.MB 62% Fe Iron Ore Index: $105.78 per tonne cfr Qingdao, up by $3.75 per tonne.MB 62% Fe Pilbara Blend Fines Index: $103.97 per tonne cfr Qingdao, up by $3.75 per tonne.MB 62% Fe Iron Ore Index-Low Alumina: $108.26 per tonne cfr Qingdao, up by $2.50...Read More
Chinese domestic rebar prices rose on Wednesday May 22, but participants voiced concerns that a seasonal drop in demand may soon push down prices. Domestic Eastern China (Shanghai): 4,070-4,100 yuan ($592-597) per tonne, up 20-30 yuan per tonneNorthern China (Beijing): 3,970-4,020 yuan per tonne, up 20 yuan per tonneRebar futures ran above Tuesday's settlement price of 3,845 yuan per ton...Read More
By: David HaggithThe graph here shows the point at which I said early last summer housing sales had turned over (for the worst) and would remain on a downtrend indefinitely, and it shows how that prediction has panned out.Existing home sales were down again nationally (4.4%) in April (fourteenth month in a row of declining sales year on year). That is the longest stretch without a single positiv...Read More
By: Craig HemkeThat this is even a question reveals the intellectual laziness of those who ask. However, since this is coming up with regularity again, here's another post on the subject.First, a summary of recent admissions and convictions against The Banks: o LIBOR manipulation: https://en.wikipedia.org/wiki/Libor_scandal (Note the section where it's noted that LIBOR fixing operates as a "...Read More
By: Ira EpsteinGold at Bollinger - lower band support. Market is oversold:Read More
By: Gary ChristensonHow many times have you heard "You can't eat gold" as a reason NOT to own gold? It is nonsense.You can't eat gold either during good times or after an economic collapse, but neither can you eat dollar bills, euros, bolivars or hundreds of other devaluing paper currencies.In good times and in bad times, gold is necessary for wealth protection. A gold market will always exist,...Read More
Stocks are in wafting mode, indifferent to tariff wars, slumping retail sales and impeachment talk. The broad averages have been racking up impressive gains even when buying interest is weak to nil. It certainly felt that way on Tuesday, when the Dow Industrials rose nearly 200 points on the opening bar, then hovered aloft for the rest of the day. For every tepid buyer it would seem that there i...Read More
Short sellers in gold and silver need to trade very carefully as long as they do not fall below $1260 and $1419. There can be very sharp pullback rallies as long as gold trades over $1260 and silver trades over $1419. Crude oil will break free from $60-$65 consolidation phase and form a new range. Copper and industrial metals can trade with a softer bias. Momentum for gold and silver is down....Read More
It's no secret that things aren't really getting better. A recent survey of the Millennials shows that they're in far worse than any generation since the Great Depression. This is acting as a drag on housing and the economy in general. Get ready for interest rate cuts as the economy slows. Remember, the situation is always hopeless, but never serious.Gerald Celente is a pioneer trend strategist an...Read More
"It is a very dangerous situation. I think DB is not the only one. They just got caught. I think if you look at the balance sheets very closely of other banks, especially Europe and Italian banks, you will see a lot of troubling signs also. I don't think it's only Deutsche Bank. It's much more. . . . If it breaks $6.40, the downside price target is zero. If everybody watches my analysis and it doe...Read More
If you're ever caught videotaping the details of what's happening in these camps, the Chinese government will have you tortured and/or killed Continue...Read More
If you've read anything I've written over the past several years, you'll be acutely aware of my belief that human civilization is currently in a major transition Continue...Read More
Pushing interest rates below zero is both an act of desperation and something that in theory should have a huge, immediate impact of the behavior of borrowers and savers. Continue...Read More
TOPICS IN THIS INTERVIEW:02:20 The long-term aftermath of the Trump economy06:20 Trump, the FED and potential connections?14:40 Geo political and economic problems too far gone19:40 Smart strategies for investing in Gold28:55 Cryptocurrencies internally shaking the current monetary systemJohn Rubino is the founder and manager of the popular financial website DollarCollapse.com. Mr. Rubino is the c...Read More
"The 2% target, which I co-authored arguments for 40 years ago, has outlived its usefulness...No single major central bank can really do it alone. The stickiness of inflation Continue...Read More
Thank you for your interest in this Paper. It is intended to help you earn more money on your savings (while taking less risk), and to give you theContinue...Read More
Just bumping along the bottom, from hopeless to hope and back to hopeless. The amazing thing with Deutsche Bank shares is this: Since 2007, so for 12 years, bottom fishers have Continue...Read More
Frank Holmes covers gold, natural resources and emerging markets, melding macro ideas, such as supercycles, government policiesContinue...Read More