European steel mills could further reduce steel production should the volume of steel imported into the European Union continue to increase, market participants said at the European Steel Day in Brussels, Belgium, on Wednesday June 26."The markets for many steel products in Europe are rather weak. So nearly every steel company is forced in one way or another to cut production," Heinz J??rg Fuhrman...Read More
So what is driving the BELLUS Health (BLU) share price up? Here is our take via a video summay of the June 26th INK Research morning report. 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
Marathon Gold (MOZ) is continuing work on its The Valentine Gold Camp in Newfoundland. Find out more in the video summary of our June 25, 2019 morning report which featured the stock.Video summary of the INK June 25, 2019 Morning ReportINK Research and Canadian Insider are both subscriber-supported. We do not accept payments from issuers or promoters for stock coverage.Read More
Eastern China's hot-rolled coil prices widened upward on Thursday June 27 amid fluctuations caused by movements in the futures market.DomesticEastern China (Shanghai): 3,900-3,950 yuan ($567-574) per tonne, widening upward 30 yuan per tonneNorthern China (Tianjin): 3,840-3,850 yuan per tonne, unchangedMarket participants in Shanghai rushed to buy at 3,830-3,850 yuan per tonne in the morning after...Read More
Here are five Fastmarkets MB stories you might have missed on Thursday June 27 that are worth another look.European steelmakers are concerned about the future viability of the steel industry in the United Kingdom should it leave the European Union at the end of October without a deal, they said at European Steel association Eurofer's European Steel Day in Brussels on Wednesday June 26. A ...Read More
The G20 Summit, which takes place in Osaka, Japan, this weekend has cast a shadow over the Asian ferrous metals markets.Market participants are hoping a quick resolution to the trade war between China and the United States will provide much-needed relief both for steelmakers and downstream buyers at a time of squeezed margins and weak demand.One of the key themes at t...Read More
The price of domestic rebar and wire rod in Turkey declined over the past week to Thursday June 27 amid falling imported scrap values, sources said.Fastmarkets' weekly price assessment for domestic rebar in Turkey was TRY3,100-3,160 ($537-547) per tonne ex-works on June 27, down from TRY3,160-3,190 per tonne, including 18% VAT, last week.The domestic rebar price in the Izmir region was TRY3,140-3,...Read More
The G20 Summit, which takes place in Osaka, Japan, this weekend has cast a shadow over the Asian ferrous metals markets.Market participants are hoping a quick resolution to the trade war between China and the United States will provide much-needed relief both for steelmakers and downstream buyers at a time of squeezed margins and weak demand.One of the key themes at t...Read More
Turkish steel mills stayed away from the deep-sea markets on Thursday June 27, with few signs of demand for further July scrap cargoes, sources told Fastmarkets.Producers booked a number of deep-sea cargoes for July last week before stepping away from the market.And while a few more cargoes were expected to be booked for July shipment, firm...Read More
Seaborne iron ore prices strengthened further on Thursday June 27, with trading activity on the Singapore Exchange's (SGX) 65% Fe iron ore derivative contract also picking up. By 5.45pm Singapore time, 125,000 tonnes of the contract had been traded and cleared, according to SGX data. This compares with 175,000 tonnes traded in the whole of last week. MB 62% Fe Iron Ore Index: $118.02 per tonne cfr...Read More
Bill Murphy & Chris Waltzek Ph.D. - June 25th, 2019. * Mp3.HighlightsBill Murphy of GATA.org returns to the show with fresh insights on the stunning PMs shares rally, which outperformed the key US equities markets.Gold may have built a final base in preparation for liftoff to $2,000+ in the coming years, as the "Gold Cartel" runs out of physical bullion to sell.According to the mountain o...Read More
The price of steel billet imported into Egypt continued to fall in the week to June 27 on lower offers, driven by poor domestic demand."Prices may fall further because demand is weak all over the region. Scrap prices are also falling," a local market source told Fastmarkets.Fastmarkets' daily index for Northern Europe-origin HMS 1&2 (80:20) scrap was calculated at $273.88 per tonne cfr on Jun...Read More
- Dave Kranzler"We are confident we can produce further improvement in our results in the second half of this year" - KB Homes CEO in reference to its "returns-focused" growth model"Returns-Focused Growth Model." Has a nice ring to it, doesn't it? KBH's revenues dropped 7.3% YoY for Q2. It's operating income plunged a healthy 28%. How's that growth strategy working out for you, Jay?Of course...Read More
- Jeffrey A. Tucker Facebook's Libra - a stablecoin that could offer a serious challenge to the money and banking status quo - will likely be very good for mainstream acceptance of blockchain technology as an infrastructure of a global privately produced currency. It could become a genuine challenge to the whole idea of nation-state money as a means of payment and a technology of final sett...Read More
By: Gary Savagehttps://blog.smartmoneytrackerpremium.com/Read More
August Gold's attempt to reverse from a morning sell-off prompted a subscriber to ask in the Rick's Picks trading room whether bullion is already getting second wind. I doubt it, since June's sensational run-up was too steep to sustain and will likely require a breather of perhaps 2-3 weeks to recharge. But I do expect the uptrend to resume after a proper pullback because this month's surge de...Read More
By: Ira EpsteinWorld trade has the market nervous. Gold had a straight up spike, does it need to consolidate and correct a bit?Read More
Today's guest, Michael Pento, joins us to share his thoughts on the economy and how the Federal Reserve's monetary policy will crush the dollar like a sledgehammer.Michael Pento is a specialist in Austrian economics and is the President of Pento Portfolio Strategies. Prior to starting Pento Portfolio Strategies he served as a senior economist and VP of the managed products division of another well...Read More
The game is on. Martin believes that gold's recent advance was just the opening salvo. He wouldn't be surprised to see it take a hit for now and then come screaming back to start making new highs. As Martin says, people are starting to wise up to the monetary debasement game. Confidence in the Government Con, as low as it might be now, is going to all but disappear. And that's bad news for paper m...Read More
Jim Willie Interviews Mark O'Byrne of GoldCore about the coming Gold Standard in this the Asian Century (Part I)- The 'Gold Standard' jigsaw: the global monetary pieces are falling into place as China quietly moves to re-establish some form of Gold Standard- The legs of the Gold Standard stool are here - gold trade notes, gold panda bonds (Italy) and central banks are buying gold as Basle III make...Read More