Domestic prices for steel cold-rolled coil in Europe were fairly stable in the week to Wednesday October 21 with buyers continuing to monitor the market, sources told Fastmarkets.Fastmarkets' weekly price assessment for steel CRC, domestic, exw Northern Europe, was ?,?570-590 ($673-696) per tonne on October 21, compared with ?,?570-580 per tonne a week earlier.The assessment reflected "workable" p...Read More
Wire rod prices in the United States have inched slightly higher month on month due to increasing demand while imported wire rod prices again remained flat.Fastmarkets' monthly price assessment for steel wire rod (low carbon) industrial quality, fob mill US rose by 0.8% to $31.25-32.25 per hundredweight ($625-645 per short ton) on Tuesday October 20 from $31-32 per cwt previously.Fastmarkets' pric...Read More
The price of hollow steel sections in Europe increased sharply this week while mills continue to push for and achieve higher prices, market sources told Fastmarkets on Wednesday October 21.Fastmarkets' price assessment for steel sections (medium), domestic, delivered Northern Europe was ?,?630-650 ($744-767)per tonne on Wednesday, up from?,?600-630 per tonne one week previous. "Demand is okay, the...Read More
The price of steel H-beams in Europe remained unchanged this week with the market beginning to stagnate after a dip in momentum, sources told Fastmarkets on Wednesday October 21.Fastmarkets' weekly price assessment for steel beams, domestic, delivered Northern Europe, was ?,?540-570 ($637-672) per tonne on Wednesday, unchanged from the previous assessment. Beam producers previously announced...Read More
Turkish steel mills continued their silence in the deep-sea scrap market for a third day this week, with participants now split on the direction prices will take, sources said on Wednesday October 21.After a third day without any new bookings, sources began to speculate on the direction prices might go.Some told Fastmarkets they were expecting prices to move up, despite the mil...Read More
Iron ore futures gained again on Wednesday October 21, following an uptrend in steel futures amid a drop in steel inventories, with the seaborne market remaining stable on limited trading activity, sources said. Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $120.49 per tonne, up $0.88 per tonne62% Fe low-alumina fines, cfr Qingdao: $120.64 per tonne, up $0.59 per tonne58% Fe fi...Read More
Keith Neumeyer, CEO of silver miner First Majestic, speaks with Daniela Cambone about the recent record settlement from JP Morgan regarding the spoofing of metal prices. The bank was forced to pay close to $1 billion in fees to resolve claims of market manipulation involving two of its trading desks- the largest sanction ever tied to the illegal practice known as spoofing. Neumeyer also talks abou...Read More
Doug Casey says the good news is, "The situation is hopeless but NOT serious". In Today's episode, he applies his life philosophy to the "hopeless" situation we find ourselves in. It turns out there is much that we can do, but it's probably not what you think.Doug Casey is an American-born libertarian economist and advocate of the free market. He is a bestselling financial author, international in...Read More
The future for cryptocurrencies is bright, but one thing that has held it back from being adopted by the masses is its ability to be used in the existing financial system. As crypto continues to grow, today's guest believes you're going to need the ability to earn interest on your Bitcoin, to use your Bitcoin as collateral for a loan, and the ability to seamlessly transfer and integrate your Bitco...Read More
Chris Vermeulen has been involved in the markets since 1997 and is the founder of Technical Traders Ltd. He is an internationally recognized technical analyst, trader, and is the author of the book: 7 Steps to Win With Logic.Known primarily by his nickname "Turd Ferguson," Craig Hemke is the founder and editor of the popular TF Metals Report blog and podcast, covering precious metals, the financia...Read More
On electoral votes Trump should win again. Turnout will be at least 55% or even 61%. The model has never been wrong. It also shows that this election will be the most corrupt election in history, with Big Tech conspiracies and mail fraud and who knows? It may take 2 weeks to know who actually won. Hard to say because it's so rigged and they are so desperate to toss out Trump, in furtherance of the...Read More
Daily Reckoning Australia editor, Shae Russell interviews author and economic expert Nomi Prins about the impact of central bank monetary policy on the financial economy and global markets. Most of the money the US Federal Reserve creates does not go to real people but to increased debt of corporations and financial markets. As a result, the Fed is creating distortion and disconnect between the fi...Read More
George 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 age of 38, George semi retired and...Read More
'While the Department of Education purports to be concerned about threats, it has consistently failed to respond to repeated requests for clarity, transparency, and guidelines,' Continue...Read More
"Because Instagram is a global community, we understand that people may express themselves differently."Continue...Read More
The Japanese word for goodbye is Sayonara. But it doesn't just mean goodbye, it means goodbye forever. Unfortunately, that is what our country is doing to American Capitalism.Continue...Read More
Iranian steel slab producers reduced their asking prices for export sales in the week ended Wednesday October 21 on a lack of customer interest in some major outlets.Khouzestan Steel, one of the country's major slab producers, reduced its price to $440 per tonne fob Southern Iranian ports from $450 per tonne fob a week earlier."Slab is subject to tough negotiations. Clients are afraid to buy, even...Read More
Gregory 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 Corps, having attained the rank of Lieute...Read More
"At no time before, during, or after the interview was I ever inappropriate. If Sacha Baron Cohen implies otherwise he is a stone-cold liar.Continue...Read More
Rudy Giuliani's reputation could be set for a big blow with the release of highly embarrassing footage in Sacha Baron Cohen's follow-up to Borat.Continue...Read More