Turkish steel mills began the week in silence due to a public holiday in the country, sources said on Monday July 15.The Democracy and National Unity Day public holiday in Turkey meant trading activity was paused at the start of the week with many traders not at work.The last verified scrap...Read More
Seaborne iron ore prices resumed their upward trajectory on Monday July 15, amid fears of supply tightness accompanied by a positive outlook on China's overall economy.Fastmarkets' index for iron ore 62% Fe fines, cfr Qingdao: $121.41 per tonne, up $2.12 per tonne. Fastmarkets' index for iron ore 62% Fe Pilbara Blend Fines, cfr Qingdao: $121.33 per tonne, up $2.12 per tonne. Fastmarkets' ind...Read More
Movements in the ferrous scrap prices around the world were mixed in the week ended Friday July 12, with prices in Asia supported by steady demand and higher offers while prices in the United States and Turkey fell on thin spot trading activity. Turkey sees limited import trades US East Coast exporters see bearish demand Asian import prices up but downtrends possible Monsoon in India reduces spot...Read More
"I've never been poor, only broke. Being poor is a frame of mind. Being broke is only a temporary situation." Mike Todd, movie producer, Elizabeth Taylor's third husband; 1903-1958 "It wasn't raining when Noah built the ark." Warren Buffett, Business magnate, investor, speaker, philanthropist, CEO Berkshire Hathaway, b. 1930 "Beware of inside information...all inside information." Jesse Liverm...Read More
By Avi GilburtI can no longer count how many times I have been told that "squiggly lines cannot predict the market." Yet, anyone who has tracked us over the long term knows how successful we have been at predicting many major market turns and targets with these "squiggly lines." In fact, we have done so in many markets including metals, equities, Forex, bonds, etc.The issue that many have with o...Read More
By signaling a move toward easing, Powell has made ready to cushion the U.S. against an economic slowdown that has been gathering force around the world. Although it is never wise to fight the Fed, we should be very guarded this time, scanning the horizon for signs of monetary-policy fissures. They are not likely to be obvious right away, since loosening will initially have a bullish impact on...Read More
Rebar futures in China picked up on Monday July 15 following the release of the latest economic growth data, though spot prices for the long steel product softened amid selling pressure.Domestic Eastern China (Shanghai): 3,970-3,990 yuan ($577-580) per tonne, down 10 yuan per tonneNorthern China (Beijing): 3,870-3,900 yuan per tonne, down 10 yuan per tonneChina's gross domestic product grew by 6.3...Read More
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 Corruption of Capitalism in America...Read More
What is up with the silver market? Join Mike Maloney as he dives into two immensely powerful data sets that suggest that something big is happening behind the scenes.Link to the article: https://www.goldmoney.com/research/goldmoney-insights/a-whale-is-accumulating-silver-futuresMichael Maloney is a precious metals investment expert and historian. He is the founder and owner of GoldSilver.com, a gl...Read More
And who are the winners? On whose side are the Fed and the media?Wolf Richter is the founder of Wolf Street Corp and the publisher of WolfStreet.com. Wolf has over twenty years of C-level operations experience, including turnarounds and a VC-funded startup. He has a BA, MA, and MBA (UT at Austin). In his prior life, he worked in Texas and Oklahoma, including a decade as General Manager and COO of...Read More
In this interview, Jordan Roy-Byrne of TheDailyGold.com discusses the highlights of his new book, "The Coming New Bull Market In Gold: Why Precious Metals Investments Will Flourish In The 2020s & 2030s". Over the past several years Jordan's macro-outlook for gold and the economy has evolved. Jordan believes we will see gold prices higher than the most ardent gold bulls predict. However, it will ta...Read More
The FBI plans to step up its efforts to gather information from social media - issuing a call last week for a new tool to monitor Twitter, Facebook, InstagramContinue...Read More
Recently several prominent social and populist conservatives have attacked libertarianism. These conservatives, some of whom are allies in the fight against our hyper-interventionist foreign policy, blame libertarianism for a variety of social and economic ills. The conservative attack on libertarianism - like the attack on the freedom philosophy launched by leftists - is rooted in factual, econom...Read More
Topics:- Keith's outlook for gold.- Keith's outlook for silver.- A true insider's unique perspective on the gold-to-silver ratio.- What's going on in the mining sector?- What's going on over at First Majestic Silver Corp?- Does Keith see a recession coming, and what about a debt reset?- Industrial use of silver- Central bank manipulation of gold & silver.- It's tough to be a contrarian and a value...Read More
The dollar price of gold has been on a roller-coaster ride for the past six years. But the past six weeks have been a turbocharged version of that. Investors should expect Continue...Read More
You should completely understand that the market is dangerously overvalued and that global economic growth has slowed to a crawl along with S&P 500 earnings. However, you must Continue...Read More
Dr. Ron Paul is a physician and former twelve-term congressman from Texas who ran for president in 2008. He is the author of eight books, including the New York Times bestsellers The Revolution: A Manifesto and End The Fed. An unwavering defender of the US Constitution, Paul has been an advocate of sound money, personal liberty, free markets, and international peace throughout his political career...Read More
Vietnam aims to start six new steel projects by the end of 2020, according to the Vietnam Steel Association.This would add a total of 6.2 million tonnes per year of finished and crude steel capacity on top of its fast-growing ferrous industry and bring its total steel capacity to 30.15 million tpy.Company: An Hung Tuong Location: Nghi Son, Thanh Hoa Capacity: 1.5 million...Read More
Cryptocurrencies such as bitcoin have been exploited to support billions of dollars of illicit activity like cyber crime, tax evasion, extortion, ransomware, illicit drugsContinue...Read More
"Bond is still Bond but he's been replaced as 007."Continue...Read More