NEW YORK Nov 4 (Reuters) - The dollar rebounded on Thursday from a dip after the U.S. Federal Reserve repeated it saw high inflation as transitory, while the British pound dropped sharply after the Bank of England defied market expectations and kept rates on hold.The Fed announced on Wednesday a $15 billion monthly cut to its $120 billion in monthly purchases of Treasuries and mortgage-backed secu...Read More
The agreement reached between the United States and the European Union regarding the replacement of Section 232 tariffs will support domestic prices for flat steel in Europe but the impact is likely to be limited, sources told Fastmarkets.On October 30, the US and the EU agreed to replace Section 232 steel and aluminium tariffs against the bloc's 27 countries with tariff-rate quotas.The decision i...Read More
Mexican steel producer Deacero has opened an office in Washington to be closer to trade decisions affecting its business. It is a first for a Mexican company, according to a Thursday November 4 statement."This is where decisions are made that affect our company, its workers, and its customers - not only in the US, but also in Mexico, and in other international markets where we do...Read More
Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! (Kitco News) - Kirkland Lake Gold (TSX:KL)(NYSE:KL) today announced that the company’s net earnings totalled a record$254.9 million ($0.96 per share) in Q3 2021, a 26% increase from $202.0 million($0.73 per sha...Read More
WASHINGTON, Nov 4 (Reuters) - U.S. unit labor costs surged in the third quarter, while productivity declined at its sharpest pace since 1981, adding to signs that high inflation could last for a while.The Labor Department said on Thursday that unit labor costs, the price of labor per single unit of output, increased at an 8.3% annualized rate last quarter after rising at a 1.1% pace in the April-J...Read More
The steel rebar and billet market in Egypt was slow during the week ending Thursday November 4, although some market participants expected rebar prices to increase because of increasing natural gas costs, sources told Fastmarkets.Local rebar producers increased their prices E ?15,000 ($952) per tonne ex-works including 14% VAT on October 20.However, the natural gas price increased to $5....Read More
ITM Trading, Released on 11/4/21To see Lynette's slides, research links or questions from this video: https://www.itmtrading.com/blog/centr...?>>?Lynette Zang has held the position of Chief Market Analyst at ITM Trading since 2002. Ms. Zang has been in the markets on some level since 1964. Her mission is to convert financial noise into understandable language. She has been a banker, a stock broker...Read More
WASHINGTON (Reuters) - The U.S. trade deficit jumped to a record high in September as exports slumped, government data showed on Thursday.The Commerce Department said that the trade gap surged 11.2% to a record $80.9 billion. Economists polled by Reuters had forecast an $80.5 billion deficit.Exports tumbled 3.0% to $207.6 billion in September. Goods exports plunged 4.7% to $142.7 billion. The decl...Read More
Business Today, Released on 11/2/21Jim 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 fre...Read More
Turkish long steel export prices have declined over the past week amid limited demand from the steel mills' regular shipping destinations, market participants told Fastmarkets on Thursday November 4.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), export, fob main port Turkey, was $730-740 per tonne on Thursday, down from $740-760 per tonne last week.Turkish steel...Read More
The Rich Dad Channel, Released on 11/4/21Watch a private meeting between Robert Kiyosaki and his team where he discusses "shadow money" and why he calls the Fed Chairman "The Wizard of Oz".As you'll learn, the Fed manipulates the country into believing that it's doing what's best for the citizens but really, they're failing us tremendouslyRobert Kiyosaki is best known as the author of Rich Dad Poo...Read More
Valuetainment Economics, Released on 11/4/21Economist Danielle DiMartino Booth sits down with Peter Cecchini. Peter currently serves as Axonic Capital's Director of Research and head of macro strategy.About the guest: Peter currently serves as Axonic Capital's Director of Research and head of macro strategy. Axonic is an asset management platform focusing on real estate and structured credit, incl...Read More
Valuetainment, Released on 11/4/21Danielle DiMartino Booth is CEO & Chief Strategist for Quill Intelligence LLC, a research and analytics firm. She spent nine years as an advisor to Richard W. Fisher at the Federal Reserve Bank of Dallas. Danielle left the Fed in 2015 to found Money Strong, LLC, an economic consulting firm and launched a weekly economic newsletter She is the author of Fed Up: An...Read More
TradersChoice.net, Released on 11/4/21Gregory Mannarino started his career working for the securities and trading arm of the now defunct Bear Stearns before the dot-com bubble. After realizing that working on Wall Street was not like the movies, he moved on to get a medical degree and practiced medicine as a Physician Assistant. He also served in the United States Naval Reserve Medical Service Cor...Read More
The LaRouche Organization, Released on 11/4/21For once, Greta Thunberg got it right - there is a lot of "blah, blah, blah" coming from the COP26 summit. She's wrong, however, when she says there is no action being taken. Yesterday's announcement of a new financial alliance under the direction of former Bank of England Director Carney and former New York City mayor Michael Bloomberg is a big step t...Read More
YouTube/PeterSchiff, Released on 11/3/21Markets blessed Fed's decision to begin tapering.Jerome Powell says economy is healthy, but requires monetary policy of an economy in crisis.Full employment is subjective and rarely achieved.Powellnomics: It's inappropriate to have interest rates above 0% in an economy that's not at 100% employment.Fed knows the economy is hanging by a threads, and that thre...Read More
George Gammon, Released on 11/3/21George Edward Gammon is an American real estate investor and entrepreneur. He produces and stars in a popular YouTube Channel. Prior to 2012, George started, owned, and operated multiple businesses ranging from conventions to advertising. The last growing to 24 million in annual revenues and over 100 employees. After 12 years as a successful entrepreneur, at the a...Read More
David Moadel, Released on 11/3/21Contact me at [email protected]David Moadel is a trader and investor of stocks and options. A former elementary school teacher, David has a master's degree in education and a unique ability to convey knowledge in the area of finance. He has coached many people and likes to combine fundamental and technical analysis to help people find their own trading style. d...Read More
Kitco News, Released on 11/3/21The Fed has announced that it will begin tapering later this month.Alasdair Macleod, Head of Research at Goldmoney and John Lonski, President of Thru the Cycle and former Chief Economist at Moody's Capital Markets discuss the impact on the markets and economy with Kitco News' Editor-in- Chief Michelle Makori.Alasdair Macleod is head of research for GoldMoney. Alasdai...Read More
Silver Bullion TV, Released on 11/3/21SBTV spoke with John Williams, author of Shadow Government Stats, about how the real inflation rate is much higher than official numbers and its ravaging effects on the purchasing power of fiat currency users.John Williams' Shadow Government Statistics: http://www.shadowstats.comDiscussed in this interview:00:00 Introduction02:03 The government's meddling with...Read More