When I woke up Wednesday morning, the Street was painted red.Our office here in Baltimore was on high alert - DEFCON 1, if you will, in preparation for more carnage.Wednesday's trading opened with the tech-heavy Nasdaq down 1.7%, and the S&P 500 was down nearly another 0.5%.At the same time, more volatility roiled the cryptomarket as China banned cryptocurrencies and related businesses in its terr...Read More
IronRidge Resources Limited (AIM: IRR) is an African focused, minerals exploration company, with a lithium pegmatite discovery in Ghana, an extensive grassroots gold portfolio in C??te d'Ivoire and a potential new gold province discovery in Chad. The Company holds legacy iron ore assets in Gabon and a bauxite resource in Australia. We learned from Vincent Mascolo, Managing Director and CEO of Iron...Read More
Fourteen years!According to the International Energy Agency (IEA), in order to solve the climate change crisis, we must stop using gas-powered cars, completely abandon new coal mine development, and end oil exploration within 14 years.This is a tall order and one I'm quite certain is not going to happen.While I'm certainly enthusiastic about the rapid transition of the global transportation econom...Read More
Chinese nickel products provider Lygend Mining has started its first production of mixed hydroxide precipitate (MHP) in Indonesia successfully, the company said on May 19, 2021.Lygend's MHP production project is the first high-pressure acid leach (HPAL) project to reach production in Indonesia, Fastmarkets understands.Both Lygend Mining and its Indonesian partner Harita Group operate the project,...Read More
German chemical conglomerate BASF will acquire a 51% stake in China's Hunan Shanshan Energy (Hunan Shanshan), a Chinese maker of lithium-ion battery materials that serves the battery materials' market, it said on Friday May 21.Ningbo Shanshan New Energy and Ningbo Yongxiang Investment, subsidiaries of China's Ningbo Shanshan, have signed an equity acquisition agreement with BASF to purchase stakes...Read More
Import prices for flat-rolled steel had no clear trend in South America during the week ended Friday May 21 amid lower Chinese offers and buyers accepting higher prices from other origins, market participants said.Fastmarkets' assessment for steel plate import, cfr main ports South America, was $1,100-1,140 per tonne on Friday, up by $60-100 from $1,000-1,080 per tonne a week earlier.While some Ch...Read More
Indian mills increased domestic hot-rolled coil prices by 1,000-1,750 rupees ($14-24) per tonne this past week amid continued gains in international prices for the commodity.Fastmarkets' price assessment for steel HRC, domestic ex-warehouse India widened upward by 1,000 rupees to 63,500-68,000 rupees per tonne on Friday May 21 from 63,500-67,000 rupees per tonne the previous week. ....Read More
Hot-dipped galvanized coil prices in Turkey increased during the week to Friday May 21 while demand was strong, sources told Fastmarkets.Demand was strong in the domestic and export markets, with several deals heard during the week, Fastmarkets was told.HDG prices continued their uptrend in Europe, one of the biggest export markets for Turkish HDG, sources said.The price increases were moderate du...Read More
Domestic prices for steel wire rod in Poland surged during the week to Friday May 21 on short supply and increased feedstock costs, with an uptrend expected to persist in the short-term, sources told Fastmarkets.Fastmarkets' weekly price assessment for steel wire rod (drawing quality), domestic, delivered Poland was 3,650-3,700 zloty ($988-1,001) per tonne on Friday, up 300-400 zloty from 3,250-3,...Read More
Poland rebar producers were largely holding back on offering and taking a wait-and-see stance amid an unprecedented price surge, while secondary market prices continued rising on support from strong demand, limited supply and increased scrap costs, sources told Fastmarkets on Friday May 21.Local mills had reportedly withdrawn their rebar offers this week and are expected to come back next week, ma...Read More
China's domestic rebar prices paused their downward trend on stronger demand on Friday May 21, but eastern prices ended the week 650-680 yuan ($101-106) per tonne lower week on week.DomesticEastern China (Shanghai): 5,100-5,150 yuan ($793-800) per tonne, unchangedNorthern China (Beijing) weekly assessment: 5,400-5,450 yuan per tonne, down by 730-750 yuan per tonneConstruction sites in China raised...Read More
0:00 - Introduction1:40 - Inflation, transitory inflation and deflation7:24 - Canadian Dollar hitting multi-year high vs. USD10:17 - #SilverSqueeze movement's impact on the pricing system12:15 - Will Imposition of BaselIII impact gold and silver pricing?16:35 - FED announcing QE Taper Plan18:22 - Will gold prices reach all-time high?22:49 - OutroRob Kirby is a financial commentator and former brok...Read More
Legendary precious metals trader and wholesaler Andrew Maguire joins us to discuss the present state of the precious metals markets and what to expect ahead of June option expirations next week.Andrew Maguire is an Independent London Metals Trader and Analyst, internationally renowned for his unique ability to read the precious metals market with the knowledge and experience gained over 35 years t...Read More
The United States' pig iron import market increased again during the week to Friday May 21 on improved workable price level for buyers, but high offers fromsuppliers in the Commonwealth of Independent States have not yet been accepted. Fastmarkets' price assessment for pig iron, import, cfr Gulf of Mexico, US, was at $650-670 per tonne on Friday, up by 2.33% from $640-650 per tonne the previous we...Read More
1. Options expiration for May is today. The trading week has been a rollercoaster ride but it looks like we will have a flat week when it is all said and done. Next week is when we can get back to business as this options expiration game playing is behind us.2. Earlier today, China's Liu He reiterates stance, "crack down on bitcoin" coming; wants to prevent, control financial risks, maintain a ste...Read More
Part 1 (part 2 below)Part 2Rick Rule, founder and chairman of Sprott Global Resource Investments Ltd., began his career in the securities business in 1974. He is a leading American retail broker specializing in mining, energy, water utilities, forest products and agriculture. His company has built a national reputation on taking advantage of global opportunities in the oil and gas, mining, alterna...Read More
0:00 - Introduction0:30 - Year-In-Review2:23 - Wealth Creation6:21 - WTF in 19719:56 - GDP & Reversion16:02 - Dumbest Bubble20:05 - Questioning Experts23:25 - Faith and Gold27:44 - Inflation29:28 - Gold Equities35:26 - What to look for37:25 - Gold/Silver Ratio41:07 - Price Discovery Broken43:08 - Crypto HOLD'ers48:15 - Silver Enthusiasm49:48 - Authoritarianism51:51 - Wrap UpDavid B. Collum is an e...Read More
Could the crypto crash foreshadow the largest stock market crash of all time? As Bitcoin falls, what will stocks do? History may be repeating itself in the markets. Stay informed by subscribing to our free e-letter at www.HarryDent.comHarry Dent is a Fortune 100 consultant, new venture investor, noted speaker, bestselling author, and the founder and senior editor at Dent Research, where he dedicat...Read More
Bob brought 321gold.com to the Internet almost 14 years ago. They later added 321energy.com to cover oil, natural gas, gasoline, coal, solar, wind and nuclear energy. Both sites feature articles, editorial opinions, pricing figures and updates on current events affecting both sectors. Previously, Moriarty was a Marine F-4B and O-1 pilot with more than 820 missions in Vietnam. He holds 14 internati...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