(Reuters) - Credit Suisse on Monday downgraded the U.S. steel sector as it expects prices to fall due to oversupply, stemming from the Trump administration’s move to slap tariffs on Chinese imports.U.S. steel prices and production have hit multi-year highs due to the tariffs as well as strong demand from an expanding economy.The brokerage cut its rating on the sector to “market weight&...Read More
NEW DELHI (Reuters) - India and China launched a program on Monday to train Afghan diplomats and China’s ambassador said it would likely be followed by joint programs in other fields to help war-torn Afghanistan.Such cooperation is the first by the two Asian giants which have long been locked in a tussle for influence in a region stretching from Nepal to Sri Lanka and the island chain of the...Read More
Every week at PeakProsperity.com, we record a podcast exclusive for our premium subscribers titled Off The Cuff, where Chris and a weekly expert discuss the notable developments of the week. Every once in a while, we'll share one of these episodes with the general public, which we're doing this week. Here's Chris Martenson in discussion with Wolf Richter, evaluating the causes and repercussions of...Read More
The biggest question facing miners when planning for trade cycles is how flows will be redirected or constrained as a result of discussions between China and the United States, according to the president of marketing and supply at BHP. Arnoud Balhuizen said that BHP's commodities have been flowing as they always have, and the impact on prices has been relatively muted on a historical basis. How th...Read More
(Bloomberg) - The Gentleman coal plant was once the linchpin of Nebraska's electricity grid, its twin smokestacks visible for miles across the prairie. Now, the state's biggest power source is routinely pushed aside to make room for more wind and solar energy.Forty years ago there was no influx of intermittent energy. Now, the coal plants can make more money when the renewables are down.Operators...Read More
We've been watching the precious metals recession for 7 years now. Will it ever come back? No one knows for sure, but the recent activity is encouraging. Last week when the market got slammed, gold made a nice move. We've need to start seeing higher highs and higher lows to be certain, but all things considered, this may be the start. John Rubino is the founder and manager of the popular financia...Read More
Rick Rule, Chairman of Sprott US Holdings, discusses the state of the uranium equity market, supply & demand for uranium, and the reasons why it can be an explosively cyclical market for the metal.TOPICS IN THIS INTERVIEW:00:09 'Why' Invest In Uranium Equities03:20 When Will The Uranium Market Turn Higher?05:20 Supply Destruction In The Commodity Business08:16 Uranium Company Survivors - How Far C...Read More
LONDON (Reuters) - World markets turned tail again on Monday, as a bounceback in oil prices and rising tensions between Western powers and Saudi Arabia added to a cocktail of concerns that battered global stocks last week.Japan’s Nikkei [.T] and China’s main bourses [.SS] tumbled again overnight as trade concerns persisted, and Europe’s STOXX 600 index hit a 22-month low as U.S....Read More
Fastmarkets MB's weekly price assessments for the CIS export steel market will not be published on October 15 because of a public holiday in Ukraine. Instead, the prices will be published on October 16, 2018. The prices affected are:CIS export cold rolled coil $ per tonne fob Black SeaCIS export hot rolled coil $ per tonne fob Black SeaCIS export heavy plate (10-50mm) $ per tonne fob Black SeaCIS...Read More
Fusion GPS researcher Nellie Ohr and ex-FBI official James Baker set to testify before Congress; Rep. John Ratcliffe shares insight on 'Sunday Morning Futures.'Read More
(Reuters) - Sears Holdings Corp filed for Chapter 11 bankruptcy on Monday with a plan to close 142 more stores, throwing into doubt the future of the century-old retailer that once dominated U.S. malls but has withered in the age of internet shopping.The Chapter 11 filing to reorganize debts of the parent of Sears, Roebuck and Co and Kmart Corp follows a decade of revenue declines, hundreds of sto...Read More
"I broke the 200m WORLD RECORD this morning. It was my first indoor 200m and I have to admit that my 11.92 was significantly slower than I was doing Continue...Read More
Continue...John Mauldin is a renowned financial expert, a New York Times best-selling author, a pioneering online commentator, and the publisher one of the first publications to provide investors with free, unbiased information and guidance, Thoughts from the Frontline-the most widely read investment newsletter in the world. Each week, well over a million readers turn to John Mauldin to better und...Read More
The world's biggest miner BHP on Tuesday upped its share in SolGold Plc, bolstering its position against top shareholder Newcrest Mining as it eyes SolGold's promising Cascabel copper-gold project in Ecuador.Under the deal, SolGold will issue a 100 million shares to the company, raising its stake to 11.2 percent from 6.0 percent.BHP has agreed to pay 45 pence per SolGold share, which is offered at...Read More
Anglo Asian Mining's gold output rose 47 percent in the third quarter, the London-listed company said on Monday, adding that full-year production would be at the top end of its current guidance.Azerbaijan's leading gold mining firm said it produced 21,318 ounces of the metal in the last quarter, against 14,468 ounces in the same period of last year.Its total production of gold-equivalent ounces (G...Read More
September marked a decade since the bursting of the housing bubble, which was followed by the stock market meltdown and the government bailout of the big banks and Wall Street. Last week's frantic stock market sell-off indicates the failure to learn the lesson of 2008 makes another meltdown inevitable.In 2001-2002 the Federal Reserve responded to the economic downturn caused by the bursting of the...Read More
(Reuters) - Sears Holdings Corp CEO Eddie Lampert has stepped in to contribute toward a financing package of between $500 million and $600 million that the U.S. department store operator was close to securing on Sunday to fund operations during bankruptcy proceedings, people familiar with the matter said.Lampert, who is also the company's largest shareholder and lender, is hoping the deal, combine...Read More
The annual "In Gold We Trust" report by Liechtenstein-based investment firm Incrementum is a must-read account of the gold market, and its just-released chartbook for the 2018 edition is no exception.The strengthening U.S. dollar has lately dented the price of gold, and rising interest rates are making some yield-bearing financial assets more attractive as a safe haven. But as Incrementum shows,...Read More
China's domestic rebar prices moved up slightly on Monday October 15 following gains in the billet and futures markets. Domestic Eastern China (Shanghai): 4,550-4,590 yuan ($657-663) per tonne, up 10 yuan per tonneNorthern China (Beijing): 4,340-4,380 yuan per tonne, widened upward by 10 yuan per tonneThe price of billet rose over the weekend amid a pick-up in demand, while futures rose continuall...Read More
Tesla claims that all vehicle orders placed by October 15th will still be eliginble for the tax credit and delivered by December 31, 2018, Continue...Read More