Empire (EMP.A) Sobeys bonds upgraded after announcing share buyback. Watch the video summary of our July 8th INK morning report.As a reminder, INK Research and Canadian Insider are both subscriber-supported. We do not accept payments from issuers or promoters for stock coverage. Your browser does not support the audio element. DownloadRead More
Export prices for Chinese cold-rolled coil and hot-dipped galvanized coil experienced an uptick in the week to Tuesday July 9, although market participants expressed doubts that the recent uptrend was sustainable. Flat steel prices in China rebounded after production curbs were announced in the country's steelmaking hub of Tangshan."I believe prices will not rise further because there are no...Read More
In the process of standardizing the names of its prices, Fastmarkets has found that the range of thicknesses was displaying incorrectly in the name of its CIS steel heavy plate export price.In the Fastmarkets price name for CIS steel heavy plate exports fob Black Sea, the plate thickness had been listed as 10-50mm. The correct thickness, as properly specified in the Fastmarkets ferrous methodology...Read More
Here are five Fastmarkets MB stories you might have missed on Tuesday July 9 that are worth another look.Sinking product prices across the copper value chain are eroding processing margins for custom copper smelters, causing uncertainty as well as driving investments and consolidation in the industry. The United States' Section 232 tariffs have benefited certain steel producers but mostly negative...Read More
Prices for imported billet in the United Arab Emirates have increased over the past seven days, but demand was still weak, sources said on Tuesday July 9.The reason for the higher prices for billet was increases in the prices for raw materials.Fastmarkets' daily index for steel scrap, HMS 1&2 (80:20 mix), North Europe origin, cfr Turkey, was calculated at $296.41 per tonne on July 8, compared with...Read More
European wire rod processors are demanding an increase in the EU's safeguard quota for imports of the material, the European Non-Integrated Wire Rod Processors Association (Eunirpa) said on Tuesday July 9."We urgently call on the policymakers to support the repeal of the safeguard measures imposed on wire rod, or at the very least to adjust significantly upward the level of the current quotas," Eu...Read More
Turkish mills have resumed their deep-sea scrap purchases for August shipments after a short break in negotiations, sources said on Tuesday July 9.A steel mill in the Iskenderun region booked a UK cargo, comprising 25,000 tonnes of HMS 1&2 (80:20) at $288 per tonne cfr.This compared with the most recent deep-sea cargo sold at $298.50 per tonne cfr for HMS 1&2 (80:20) from the Baltic Sea region on...Read More
NEWS &VIEWSForecasts, Commentary & Analysis on the Economy and Precious MetalsCelebrating our 46th year in the gold businessJuly 2019"There has been a dramatic change in sentiment." - Adrian Day - Michael J. Kosares, USA GoldThe summer months historically present a buying opportunity in precious metals as illustrated in the charts shown below. In the past, there has been a clear change of di...Read More
- David HaggithStock market investors, hungry for more pork, are demanding Fed Chair, Jerome Powell, land on their table on a silver platter with an apple in his mouth at this week's congressional testimony. Will he deliver? Powell has a thin red line to talk, or this overFed market, which he and is cronies have nurtured, dies this week from its own morbid obesity. On the other hand, if he does...Read More
By: Ira EpsteinThis week is focused on 2-day testimony by Fed Chairman Powell. We will get his views on interest rates. Gold market still in an uptrend, but nearing 18-DMA at $1386.70Read More
- Clint SiegnerGold and silver bugs are well aware that JPMorgan Chase dominates precious metals futures trading. Russ and Pam Martens of the financial blog Wall Street on Parade just identified how much control they have.There are more than 5,300 FDIC insured banks in the U.S. Just two of them, JPMorgan and Citibank, hold 75.7% of all precious metals derivative contracts (primarily futures)...Read More
There is now a very small section of traders and investors who believe that interest rates may not be cut in end July FOMC meet. Federal Reserve chairman's testimony will clarify on the interest rate cycle. In my view interest rates will be cut this month by 0.25% or something lower as a token and thereafter it can be long pause. Incoming US economic data releases will also determine the interes...Read More
Market fundamentals are unlikely to support the recent rise in ferrous scrap prices, the International Rebar Producers & Exporters Association (Irepas) said in its latest short-range outlook this week.Fastmarkets' daily scrap index for Northern Europe-origin HMS 1&2 (80:20) imported into Turkey rose to $296.41 per tonne cfr on Monday July 8, up from $292.09 per tonne cfr&...Read More
Seaborne iron ore prices maintained their upward trend on Tuesday July 9, but low port inventories prompted concern among market participants.Fastmarkets' index for iron ore 62% Fe fines, cfr Qingdao: $121.57 per tonne, up by $3.19 per tonne.Fastmarkets' index for iron ore 62% Fe Pilbara Blend Fines, cfr Qingdao: $121.49 per tonne, up by $3.19 per tonne.Fastmarkets' index for iron ore 62% Fe low a...Read More
Today's guest, Rob Kirby, joins us to share his thoughts on the economy and why he believes that the financial books of the Federal Reserve are a lie. During the interview he shares why he believes the fiat system hasn't come to an end and it has a lot to do with trillions of dollars missing off the books. Rob Kirby is a financial commentator and former broker who worked on an institutional tradin...Read More
Links to slides and sources: https://www.itmtrading.com/blog/post-...Question 1. David M: How exactly would you buy a house or pay off a mortgage post-reset with gold or silver? Presumably you would have to at least briefly convert it to some sort of currency?Question 2. Les M: If we are going into hyperinflation can you tell me why real estate is going to go down and become a good investment?Ques...Read More
In this episode of the Summer Solutions 2019 for the Keiser Report, Max and Stacy are joined by Nomi Prins, author of 'Collusion: How Central Bankers Rigged the World', to discuss the 'solutions' that central banks have forced upon the world for the past ten years in response to their own problem of too much bad bankers' debt: quantitative easing and zero percent interest rates (Zirp). As this sol...Read More
David Morgan is a world-renown precious metals aficionado. He is the creator of the Silver-Investor.com website and The Morgan Report, a monthly report that covers economic news, overall financial health of the global economy, currency problems and the key reasons for investing in precious metals. A dynamic, much-in-demand speaker all over the globe, David's educational mission also makes him a pr...Read More
The only way Big Government can bring Big Brother to life is to partner with Big Tech - and they're doing exactly that.Continue...Read More
'I'm worried about everything,' Wozniak stated. 'I don't think you can stop it, though.Continue...Read More