Domestic prices for heavy steel plate across Europe have inched down over the past week due to slow trading activity, sources told Fastmarkets on Thursday June 13."I do not expect prices to recover any time soon, because trading activity is very weak in the end-markets," a representative of an Italian re-roller said.Fastmarkets' weekly price assessment for domestic grade-S235JR heavy steel plate i...Read More
The domestic price for hot-rolled coil (HRC) in the south of Europe has picked up over the past week, supported by production cuts, market sources told Fastmarkets on Thursday June 13.Steel mills in the region continued with their attempts to raise prices further, while bigger Italian buyers returned to purchasing imported material, according to market participants.Fastmarkets' weekly price assess...Read More
China's hot-rolled coil prices continued to drop on Thursday June 13, narrowing producers' already-slim margins further amid rising costs.DomesticEastern China (Shanghai): 3,820-3,830 yuan ($552-554) per tonne, down 10 yuan per tonneNorthern China (Tianjin): 3,780-3,790 yuan per tonne, narrowing downward by 10 yuan per tonnePrices continued to drop during the day with trading activity remaining th...Read More
The price of steel billet imported into Egypt has decreased in the week to June 13 on lower offers due to a lack of domestic demand.Billet producers, from the Commonwealth of Independent States (CIS) in particular, expected demand to pick up after the observance of the Islamic holy month of Ramadan, but the market remained quiet this week.The recent drop in...Read More
Domestic long steel prices in Turkey have gone down over the past seven days, due to weak demand and falling imported scrap costs, sources said on Thursday June 13.Fastmarkets' weekly price assessment for domestic rebar in Turkey was TRY3,200-3,220 ($551-554) per tonne ex-works on Thursday, down from last week's TRY3,330-3,400 per tonne.The domestic rebar price in the Izmir region was TRY3,220-3,2...Read More
Turkish rebar and wire rod prices have gone down in line with the decline in imported scrap values, while demand has also been limited over the past week, sources said on Thursday June 13.The country's steel producers reduced their rebar offers to $460-470 per tonne fob on an actual weight basis, from the $480-490 per tonne offers heard before the Eid al-Fitr religious holiday last week.But the hi...Read More
Turkish steel producers have continued their deep-sea scrap purchases, increasing their combined tonnage for import to 226,000 tonnes in two days, sources said on Thursday June 13.In addition to two deep-sea cargoes booked early on June 12, four steel mills booked five more cargoes late that day.A steel mill in the Marmara region booked a US cargo, comprising 18,000 tonnes of HMS 1&2 (80:20) at $2...Read More
Seaborne iron ore prices jumped above $110 per tonne cfr on Thursday June 13 - their highest level in more than five years - driven by persistent bullishness, sources told Fastmarkets.MB 62% Fe Iron Ore Index: $110.16 per tonne cfr Qingdao, up $3.56 per tonne. MB 62% Fe Pilbara Blend Fines Index: $108.96 per tonne cfr Qingdao, up $3.56 per tonne. MB 62% Fe Iron Ore Index-Low Alumina: $114.50 per t...Read More
- Gary Christenson, The Deviant InvestorWe can face reality by swallowing the "red pill" (from the movie "The Matrix). This choice is uncomfortable because it opposes the propaganda from mainstream media, government statisticians, and Wall Street cheerleaders.The "red pill" road is difficult and sometimes lonely. Gold is a "red pill" choice.The "blue pill" path is easier and reassuring. Other...Read More
By: Ira EpsteinGold Fibonacci shows supports below, 18 DMA about to move above the 100 DMA, moving above is a bullish crossover:Read More
Here is the best explanation I've seen to date of how the U.S. stock market works. It is from John Jay, who posts regularly in the Rick's Picks Forum: "The stock market is the primary bag-man the Federal Reserve uses to transfer the U.S. Dollars they create from thin air to the .01%." Just so. When you consider how many hundreds of billions of dollars find their way into the pockets of the ve...Read More
Michael Pento joins us to discuss the causes of the ongoing financial crisis, the inevitable bursting of multiple debt and asset bubbles, how a wise investor can protect themselves, and the fact that war remains a possibility at the end of economic cycles that run concurrent with the decline of great empires.Michael Pento is a specialist in Austrian economics and is the President of Pento Portfoli...Read More
Jason Hartman talks with G Edward Griffin, author of The Creature from Jekyll Island, about corporate scams. Too many people hide behind the veil that corporations offer; ripping off consumers and shareholders and letting the company take the punishment. G Edward and Jason discuss this topic, as well as how we can actually change things to allow society to hold those responsible accountable. [6:53...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
Discussed on this episode:- The origin of Shadow Stats- NAFTA's influence on economic record keeping- The government shutdown has impacted economic reporting- The next recession is underway and the Fed triggered itWalter 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 Gove...Read More
Max interviews Mish Shedlock of MishTalk.com about his new parody song, "Bubbles B. Goode," in reference to the new Fed chairman, Jerome Powell, promising to cut rates to keep the good times rolling. They discuss rate cuts and what this portends for the future. Max Keiser is an American broadcaster and film-maker. He hosts Keiser Report, a financial program broadcast on RT. He presents a weekly sh...Read More
Lynette Zang returns to SGT Report to discuss the reasons she thinks the time for a global economic reset is drawing near. Thanks for tuning in.Lynette Zang has held the position of Chief Market Analyst at ITM Trading since 2002. Ms. Zang has been in the markets on some level since 1964. Her mission is to convert financial noise into understandable language. She has been a banker, a stock broker a...Read More
"Alexa routinely records and voiceprints millions of children without their consent or the consent of their parents," Continue...Read More
We are living in a time that is increasingly becoming more difficult to determine what is real and what isn't. Deep fake videos can imitate any public figure into saying things they didn't say, mainstream news outlets can make fake news go viral (Covington) and most of our money is tied up in bubbles (stock market) that are full of air and about to pop! But is all hope lost or are we capable of ed...Read More
Peter Schiff is an internationally recognized economist specializing in the foreign equity, currency and gold markets. Mr. 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, BusinessWeek, Time...Read More