Twitter economist Ben Rickert did the homework and put out this tweet today:In the past 13 years. Central banks have cut interest rates 972 times. Bought $19 trillion of financial assets via QE, introduced NIRP, Yield Curve Control, TL TRO's, resulting in a near-record $16.8 trillion of negative yielding global bonds.In other words, central banks around the world have created vast sums of cash out...Read More
Domestic prices for hot-rolled coil in Northern Europe were fairly stable day on day on Tuesday October 27, supported by reduced availability of the material in the market, sources told Fastmarkets.Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe, at ?,?498.33 ($589.12) per tonne on Tuesday, up by just ?,?0.41 per tonne day on day from ?,?497.92 per tonne...Read More
Flat steel import prices in the United Arab Emirates (UAE) and Saudi Arabia increased over the past week because of a hot-rolled col shortage, sources said on Tuesday October 27.Local demand for flat steel in India and China, the main exporters of flat steel to the UAE and Saudi Arabia, was strong so market participants made a limited quantity offers at high prices.UAEOffer prices for hot-rolled c...Read More
The domestic United Arab Emirates rebar price kept decreasing this week while imported rebar prices were stable, sources said on Tuesday October 27.Domestic rebarThe country's biggest steel producer, Emirates Steel, continued to offer rebar at 1,936 dirhams ($527) per tonne ex-works for orders due to be produced in October, unchanged since September 15.Fellow steelmaker Conares Steel also continue...Read More
Several large steel projects located in Southeast Asia, underpinned by Chinese investment, are nearing completion and will provide a huge boost to production capacity in the region. Of the 59.9 million tonnes of major carbon steel production capacity planned to come on stream in the next decade in Southeast Asia, 39.4 million tonnes will come from Chinese-led projects, according to statistics from...Read More
China's domestic rebar prices dropped slightly on Monday October 26 on high, but declining, inventories.DomesticEastern China (Shanghai): 3,700-3,730 yuan ($554-558) per tonne, down by 10 yuan per tonneChina Iron & Steel Association reported that rebar stock in China's major markets was about 6.33 million tonnes in mid-October, down by 6.2% from earlier in the month but till 30% higher than the 4....Read More
Ferrous scrap prices in Mexico remained stable in the country's northern region over the past week, but increased slightly in the the central Baj?-o region, because of low availability for certain grades, Fastmarkets heard on Tuesday October 27.In Baj?-o, some scrap buyers applied price increases of around 100-200 pesos ($5-10) per tonne during the week ended on October 23, while other buyers did...Read More
Turkish steel mills booked further scrap cargoes in the deep-sea market on Tuesday October 27, adding to the six heard on the market the day before, sources have told Fastmarkets.A batch of newly booked cargoes came to light on Monday, and on Tuesday another handful of fresh trades were heard.A US-origin cargo was booked by a mill in the Iskenderun region, comprising unknown tonnages of HMS 1&2 (8...Read More
Several large steel projects located in Southeast Asia, underpinned by Chinese investment, are nearing completion and will provide a huge boost to production capacity in the region. Of the 59.9 million tonnes of major carbon steel production capacity planned to come on stream in the next decade in Southeast Asia, 39.4 million tonnes will come from Chinese-led projects, according to statistics from...Read More
Tim Dillon is a standup comedian, actor, and host of the Tim Dillon Show. Alex Jones is a filmmaker, writer, and host of the Alex Jones Show. @The Tim Dillon ShowRead More
The latest forecasts from Fastmarkets' team of analysts are ready to view.Prices for most ferro-alloys maintained their upward momentum into October, solidifying previous gains and reflecting the improved demand from steelmakers, the rebuilding of depleted inventories, and the supply-side concerns following both planned and unplanned outages. Gains were noted for ferro-silicon, silicon metal, mang...Read More
?>>?Not even the permabears can avoid the math now. Silver is going a lot higher, and it's going to move quickly, despite the ongoing manipulation. Here's why...Craig Hemke joined Silver Doctors on Tuesday, October 27, 2020, for a robust discussion on the stock market, gold, silver, the next round of fiscal stimulus, the upcoming election and more!Some of the topics in today's discussion include -...Read More
Jim Rickards discusses who will win the US election and what impact it can have on stock markets. Jim believes that the election is 'closer than you think' and explains why the polls could be wrong like they were in 2016. Jim predicts that Trump is likely to win the US presidential election this time around too. Jim Rickards is a lawyer, investment banker and economist with over thirty years' expe...Read More
We are joined on Metal Money by Nick Santiago, President and CEO of InTheMoneyStocks.com, as we discuss the possibility of gold prices basing for a year or two after its 'parabolic' move since 2018.Nicholas Santiago started trading in 1991. In 1997, he became a licensed Series 7 and 63 registered representative. He successfully managed money for a large, affluent private client group. Nick is an e...Read More
In today's video, you'll see some stunning data that compares the relative performance of stocks, real estate and gold. "With everything that is going on in the world right now, I can't imagine the anxiety I would feel if I was just in stocks and Real Estate right now." - Mike Maloney. Michael Maloney is a precious metals investment expert and historian. He is the founder and owner of GoldSilver.c...Read More
Doug Casey is an American-born libertarian economist and advocate of the free market. He is a bestselling financial author, international investor, entrepreneur, and the founder and chairman of Casey Research, a provider of subscription financial analysis about specific market verticals including natural resources/metals/mining, energy, commodities, and technology. Since 1979 he has written or co-...Read More
Jim Rogers co-founded the Quantum Fund with George Soros in 1973, helping to steer the fund to a 4200% return before "retiring" at age 37. He is considered to be one of the greatest investors of all time. Rogers has made two record-setting journeys - once by motorcycle and once by car - and is in the Guinness Book of World Records for doing so. In between his frequent travels, he has served as a p...Read More
Might not be a stimulus bill before the election, which means before January. Major economic disruption if so... let's go through some of the things that would happen.The game is still ongoing and there's a number for how low the stock market goes until they see reason. It's earnings season, and the biggest bright spot will be the gold miners. Record number of Zombie companies who's interest expen...Read More
Topics:Stock markets tumble on renewed fears.Blue wave may not crest as once was expected.More stimulus comes with bigger government.Trump is the Republican Jimmy Carter.Trump's legacy will be his successful Supreme Court nominees.The most important thing this election is to prevent Democrats from taking control of the Senate.Peter Schiff is an internationally recognized economist specializing in...Read More