Ladies and Gentlemen, it has finally happened! Thecurrent expansion already goes on for 121 months, becoming the longest economicboom in the US history. Should we celebrate now? Or should we worry, as all good things come to an end, and whatever lasts long,ends up even faster? We invite you to read our today’s article, which assessesthe vitality of the current expansion, and find out whether...Read More
Slow demand will remain as the main challenge for European hot-rolled coil producers and will keep adding pressure to domestic coil prices in the third quarter of 2019, market sources told Fastmarkets this week. Slow demand will remain as the main challenge for European hot-rolled coil producers and will keep adding pressure to domestic coil prices in the third quarter of 2019, market sources told...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
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
July 4th, 2019(S14-E703)Featured GuestsDr. Ron Paul& Arch CrawfordPlease Listen HereInterview RecapFounder 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...Read More
By: Ira EpsteinGold weekly chart shows the stall in the upside momentum:Read More
Europe took competition to a new level last week in the global currency-devaluation olympiad. Nominating the politically-minded IMF chief Christine Lagarde rather than a blue-blooded financier to run the ECB is akin to making Trump chairman of the Federal Reserve. No longer can we pretend that the staid protocols of old-school banking still obtain in the financial realm. Instead, there is a stro...Read More
- The Problem with Keynesianism - Without Savings, Nothing Happens - Maine and Montana"The belief that wealth subsists not in ideas, attitudes, moral codes, and mental disciplines but in identifiable and static things that can be seized and redistributed is the materialist superstition. It stultified the works of Marx and other prophets of violence and envy. It frustrates every socialist rev...Read More
Here are five Fastmarkets MB stories you might have missed on Friday July 5 that are worth another look.Chinese suppliers have already exhausted their annual quota for shipments into Europe of automotive-grade hot-dipped galvanized coil, just a few days after the start of the new quota period.Base metals, other than nickel, closer lower on the London Metal Exchange on Friday July 5 in th...Read More
Here are five Fastmarkets MB stories you might have missed on Friday July 5 that are worth another look.Chinese suppliers have already exhausted their annual quota for shipments into Europe of automotive-grade hot-dipped galvanized coil, just a few days after the start of the new quota period.Base metals, other than nickel, closer lower on the London Metal Exchange on Friday July 5 in th...Read More
Prices improved in almost all regions despite weak buying activity following a recovery in scrap prices and continued high iron ore costs forced producers to raise offers.In the Commonwealth of Independent States (CIS), producers were also bullish because of the suspension of a safeguarding duty on billet imports, while in China prices increased mainly due to optimism because of trade negotiations...Read More
RAPAPORT... Global rough-diamond output grew 2% to $14.47 billion lastyear, reflecting higher production in Botswana, according to data the KimberleyProcess (KP) released last week.The average price increased 4% to $97 per carat, outweighinga 2% decline in production volume to 148.4 million carats, the figures showed. Russia remained the world's principal source of rough, despiteits recoveries fal...Read More
RAPAPORT... India's Gem & Jewellery Export Promotion Council (GJEPC)has expressed disappointment with the nation's latest Union Budget, warningthat the failure to reduce high duties on gold and diamonds will result in furtherjob losses. The council had been lobbying for a reduction in import dutyon polished diamonds in a bid to boost the value of subsequent shipments out ofthe country. It had...Read More
RAPAPORT... Trans Hex is considering a buyback program for minority shareholders ahead of its potential delisting from the Johannesburg Stock Exchange (JSE).The South African miner stated an intention to repurchase its issued share capital for ZAR 1 ($0.07) per share in an announcement Friday. The offer is open to about 20% of shareholders, but excludes a consortium made up of Cream Magenta 1...Read More
RAPAPORT... Luxury fashion house Gucci has made a move into high jewelrywith the inauguration of its first boutique and a collection by creativedirector Alessandro Michele. The store, which is dedicated exclusively to jewelry,opened on July 2 in Paris's historic Place Vend??me, and will display the new HortusDeliciarum collection. The line features more than 200 pieces, mainly one of akind. Each...Read More
Reuters reported that U.S. neighborhood and community shopping center retail vacancy rate fell 0.1 to 10.1 percent n the second quarter, marking the first decline since the beginning of 2016. Reuters quoted data provided by the US real estate research firm Reis Inc. Reis reported that despite store closures from bigger retailers, store openings had led to strong occupancy growth this quarter. &n...Read More
In a guest blog by Gabriela Flores on the website of the International Institute for Environment and Development, she lists what is needed to change the conversation about artisanal mining and conflict diamonds "Millions of people in some of the world's poorest countries depend on diamond mining for a living. Yet a focus on dealing with so-called 'blood diamonds' stops a wider conv...Read More
A survey was conducted online within the United States by The Harris Poll on behalf of TD Ameritrade showed these findings: Marriage is a pivotal milestone for more than half of Young Americans todayThough 1 in 4 are opting out of marriage altogetherFour in 10 Millennials plan to foot the bill for their own weddingsWhile only 7 percent of parents expect that they won't contribute...Read More
Angola's Minister of Natural Resources and Oil announced during a visit to Lisbon, Portugal, that Angola's national diamond company Endiama will be privatized and its stock will be partially floated on the stock exchange. Minister Diamantino Azevedo told the Portuguese news agency Lusa that the Angolan government is reorganizing the activities of the Ministry and its state-owned c...Read More
ZINC TRADING TIPSZinc Trading Tips – Zinc Buy Call 1c67 given at price 195.30 Triggered SL at price 194.20. Total 1.10 Points SL hitTIPS ID 1c67 : Zinc Intraday Calls - BUY Mcx Zinc July at CMP 195.30 for Target 196.20 - 196.90 with SL 194.20 Read More