Gold futures notched back-to-back session gains on Wednesday, settling at their highest in over six years as expectations grew for loose global monetary policy, boosting the appeal of the yellow metal. International Monetary Fund head Christine Lagarde's nomination to lead the European Central Bank and those of Christopher Waller and Judy Shelton by President Donald Trump have supported a rush to...Read More
Cobalt trade log including business, bids and offers reported to Fastmarkets. Cobalt trade log including business, bids and offers reported to Fastmarkets. Unless otherwise stated, all prices are per lb on an in-warehouse basis. Delivered prices are netted back. Fastmarkets prices Click here for Fastmarkets' price assessment for standard-grade cobalt, in-warehouse, $ per lb Click here for Fastmark...Read More
With members of Congress calling for a halt on Facebook's (FB - Get Report) cryptocurrency plans, the executive in charge of the project, tried to dissuade concerns in a blog post on Wednesday. David Marcus, a former president at PayPal (PYPL - Get Report) who's now in charge of Facebook's Libra project, took to (where else?) Facebook to address some of the blowback from lawmake...Read More
Gold prices rallied on Tuesday, with the yellow metal recouping much of the hefty declines from a day earlier, when it posted the sharpest single-session decline in more than a year. Investors favored haven assets, such as gold, on the back of weakness in the U.S. dollar and losses in the U.S. stock market. Safe havens shined brightly Tuesday "as global slowdown worries are growing," said Edward...Read More
The European Commission (EC) should remove its 5% import quota increase as it makes safeguard measures ineffective and puts jobs in the EU steel segment at risk, the European steel association (Eurofer) said on July 3."We call on the EC to heed our call and those of member states that have already expressed concerns about the rise - and to respond by undoing this out-of-step expansion before it fu...Read More
Our home is overrun with family today.Aunts, uncles, grandparents, mothers, fathers, and a gaggle of kids running around the yard, playing tag and climbing trees.We have plenty of beer in the fridge, most of it from a local brewery, but I threw a six-pack of Coors Light in the back for my uncle who refuses to drink "fancy beer."We'll nosh on hamburgers, Polish sausages, homemade sauerkraut, and pl...Read More
China's hot-rolled coil prices were unchanged on Thursday July 4 although trading activity dropped in the afternoon after futures declined amid chatter that a group of Chinese steelmakers has planned a working group to study the import iron ore market where prices have hit record highs this year.DomesticEastern China (Shanghai): 3,890-3,900 yuan ($565-567) per tonne, unchangedNorthern China (Tianj...Read More
Turkish authorities are considering whether to launch a trade defense case against imports of hot-rolled coil (HRC) from the EU, market sources have told Fastmarkets.European mills have increased their HRC export volumes recently, particularly to Turkey, due to the weak demand in their home markets."The start of an anti-dumping case against EU-origin HRC will entirely depend on the attitude of the...Read More
Insiders have been buying as Exco Technologies (XTC) approaches a 4-year bear market. Full report is availabe here. 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
Steel import volumes into Spain fell to 3.51 million tonnes in January-April 2019, down by 3.1% from 3.62 million tonnes in the corresponding period in 2018, according to Unesid, the country's steel association.Import volumes from non-EU countries fell by 5.8% to 1.17 million tonnes in the first four months of 2019, from 1.24 million tonnes in January-April 2018, with Unesid noting the swift exhau...Read More
The European Commission (EC) has re-adopted a cartel ruling against five Italian rebar producers and imposed fines totalling ?,?16.07 million ($18.14 million), it said on Thursday July 4.The decision related to the companies' participation in a price-fixing cartel between December 1989 and July 2000.The five steelmakers named by the EC were Alfa Acciai, Feralpi, Ferriere Nord (Pittini), Partecipaz...Read More
The price of steel billet imported into Egypt increased in the week to July 4 on higher offers, despite poor domestic demand."Higher offers are because of high scrap and iron ore prices," a local market source told Fastmarkets.Fastmarkets' daily index for Northern Europe-origin HMS 1&2 (80:20) scrap was calculated at $291.88 per tonne cfr on July 4, up from $273.88 per tonne...Read More
The market for pig iron exports from the Commonwealth of Independent States (CIS) has strengthened over the past week following rises in the prices for iron ore and ferrous scrap.Fastmarkets' price assessment for low-manganese pig iron exports, fob main port Baltic Sea, CIS, was up by $5 per tonne to $355-360 per tonne on July 4.Offers of material from Russia's Tulachermet to Europe were reported...Read More
Seaborne iron ore prices fell on Thursday July 4, while futures prices on the Dalian Commodity Exchange plunged after hitting a five-year high earlier this week.MB 62% Fe Iron Ore Index: $122.03 per tonne cfr Qingdao, down $2.72 per tonne. MB 62% Fe Pilbara Blend Fines Index: $122.03 per tonne cfr Qingdao, up $2.72 per tonne. MB 62% Fe Iron Ore Index-Low Alumina: $124 per tonne cfr Qingdao, down $...Read More
Turkish billet prices have increased over the past week on the back of an uptick in imported scrap costs, sources said on Thursday July 4.Billet suppliers in the Commonwealth of Independent States (CIS) raised their offers to $440-445 per tonne cfr levels for Turkish customers. However, there was no significant trading activity heard so far this week.Fastmarkets' weekly price assessment for...Read More
The price of steel billet imported into Egypt increased in the week to July 4 on higher offers, despite poor domestic demand."Higher offers are because of high scrap and iron ore prices," a local market source told Fastmarkets.Fastmarkets' daily index for Northern Europe-origin HMS 1&2 (80:20) scrap was calculated at $291.88 per tonne cfr on July 4, up from $273.88 per tonne...Read More
Dr. Ron Paul & Chris Waltzek Ph.D. - July, 2nd, 2019.* Mp3.HighlightsFounder of The Ron Paul Institute for Peace And Prosperity returns to the show with his case for restoring a gold-backed US dollar. In the Ron Paul Liberty Report last month, Dr. Paul noted, "The Fed Can't Save Us, But Gold Can," in response to the new rate cut cycle.He outlines how this event could mark the beginning of...Read More
China's domestic rebar prices were relatively steady on Thursday July 4 amid mild movements in the futures market, though the export segment continued to weaken on soft demand.Domestic Eastern China (Shanghai): 3,970-4,000 yuan ($577-581) per tonne, up 10 yuan per tonneNorthern China (Beijing): 3,920-3,950 yuan per tonne, widened downward by 10 yuan per tonneSellers in eastern China raised their p...Read More
In this episode of the Keiser Report from San Francisco, Max and Stacy discuss bitcoin as the ultimate safe haven in the days of central bank madness. They also discuss the conspiracy theory turned conspiracy fact as Merrill Lynch admits to manipulating precious metals markets with spoof trading.In the second half, Max interviews Randy Brito from LochaMesh bringing mesh net to bitcoin communities...Read More
With all the white noise on July 4th - tanks and flyovers, speeches - it can be easy to forget exactly what we are celebrating. In this special edition of the Liberty Report, Ron Paul explains his favorite part of the Declaration and why...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...Read More