Reinforcing bar prices in the United States have hit a more than 14-month low, with market sources expecting lackluster demand, abundant supply, falling scrap costs, trade-related uncertainties and slowing business conditions to weaken prices further. Fastmarkets' price assessment for domestic rebar fell to $33.50-34 per hundredweight ($670-680 per short ton) fob mill on Wednesday June 5, its lowe...Read More
International metals group Liberty House is unlikely to bid for troubled UK long steel producer British Steel, Fastmarkets has heard.Liberty House declined to comment on the subject at the time of publication."British Steel doesn't really fit in with their business model, which is based on recycling steel scrap rather than primary steel production," an industry source told Fastmarkets on Thursday...Read More
Turkish mills booked no deep-sea cargoes on Thursday June 5, due to the Eid al-Fitr public holiday, sources told Fastmarkets.The market will remain subdued for the remainder of the week while Turkey marks the end of the period of abstinence for the Islamic holy month of...Read More
Dr. Chris Martenson PhD & Chris Waltzek PhD - June 4th, 2018. * Download MP3 formatHighlightsDr. Chris Martenson of PeakProsperity.com, author of Prosper! notes the global "everything bubble." Virtually every asset class was inflated by profligate monetary policies and various fiat schemes. The global economy could be on the cusp of a 2nd Great Recession due in part to protectivist trade...Read More
Perhaps surprising no one, global manufacturers are now in contraction mode for the first time since 2012. That's according to the most recent reading of the sector's health, the purchasing manager's index (PMI), which headed lower for a record 13th straight month in May. The PMI posted 49.8, down from 50.4 a month earlier. As a reminder, anything above 50.0 indicates expansion; anything below,...Read More
Miles Franklin sponsored this article by Gary Christenson. The opinions are his.Christopher Whalen wrote "Trump is Right to Blow Up the Fed." He stated:"Anybody who cares to read the 1978 Humphrey Hawkins law will know that the Fed is directed by Congress to seek full employment and then zero inflation. Not 2 percent, but zero. Yet going back a decade or more, the Fed, led by luminaries such a...Read More
- Stefan GleasonMost Americans take food abundance for granted. Grocery store shelves are always stocked, and America's agricultural sector always grows more than enough corn, wheat, and soybean crops to keep the food production system humming along smoothly.That all could change as abruptly as the weather. In fact, historically wet conditions throughout the Midwest have put this year's spring...Read More
Although oil prices and Treasury yields have been falling an anticipation of a widely advertised economic slowdown in Europe and China, U.S. stocks are rising as though boom times lie ahead. What is going on?? It would appear that bulls simply cannot control themselves when there is talk of Fed easing. The prospect of QE3 has been in the news lately, driving a short-covering rally that has p...Read More
By: Ira EpsteinGold reaching into resistance areas we have seen before:Read More
Physical iron ore prices were rangebound on Thursday May 6, while the futures market experienced choppy trading.MB 62% Fe Iron Ore Index: $100.60 per tonne cfr Qingdao, up $0.22 per tonne. MB 62% Fe Pilbara Blend Fines Index: $99.40 per tonne cfr Qingdao, up $0.54 per tonne. MB 62% Fe Iron Ore Index-Low Alumina: $104.04 per tonne cfr Qingdao, down $0.46 per tonne. MB 58% Fe Premium Index: $90.86 p...Read More
"This is big government in spades."David Stockman is a former Republican congressman from Michigan and was President Reagan's budget director from 1981 to 1985. After leaving the White House, Stockman became a managing director at Salomon Brothers, and he later founded a private equity fund. David is the founder of David Stockman's Contra Corner, and he is the author of The Great Deformation: The...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
The reasons to own it never changed & are now more important than ever.With the world re-entering a period of greater economic instability, with the central banks painted into a corner, with global stocks looking weaker by the day, the price of gold is starting to shine again.The yellow metal has recently hit all-time highs priced in a number of world currencies (the dollar not among them...yet).I...Read More
Returning SBTV guest Marc Faber, editor and publisher of "The Gloom, Boom & Doom Report", warns about the under-funding in public and private pensions. Will there be pitchforks when pensioners realize there is no money available for their retirement?Discussed in this interview:01:31 State and public pensions are a disaster05:11 When pensioners realize their pensions are not there10:48 Western gove...Read More
Jason talks about how very smart, very successful people are in total disagreement on where yields in the US bond market are going.Where do you think yields in the US bond market are going? Will the Fed get ZIRP?Jason Burack is an investor, entrepreneur, financial historian, Austrian School economist, and contrarian. Jason co-founded the startup financial education company Wall St for Main St, LLC...Read More
The pro-White Helmets propaganda is not Call of Duty's first time promoting the current US military narrative Continue...Read More
The corporate media's editorial standards for reporting on Official Enemies of the US government, especially North Korea, are as low as ever. Blatantly false stories Continue...Read More
Portfolio Manager, attorney, finance author, a regular guest on North American media. Danielle Park is the author of the best selling myth-busting book "Juggling Dynamite: An insider's wisdom on money management, markets and wealth that lasts," as well as a popular daily financial blog: www.jugglingdynamite.com. Danielle worked as an attorney until 1997 when she was recruited to work for an intern...Read More
If there is one concept that illustrates the difference between a top-down macro-economic approach and the reality of everyday life it is the velocity of circulation of money. Continue...Read More
Here we go again. After a couple of big trading sessions, gold - for the sixth time in five years - is approaching the $1,350-ish level that has, each previous time, stopped it cold.Continue...Read More