SUNDRIDGE - The Ontario government is investing $95,540 in the Eagle Lake Gun Club in Sundridge to help build a provincial centre of excellence for biathlon training and racing. Funding through the Northern Ontario Heritage Fund Corporation (NOHFC) will be used to upgrade its biathlon infrastructure and trail network, creating two jobs."We are helping build a new facility that will attract elite a...Read More
Here are five Fastmarkets stories you might have missed on Thursday July 30 that are worth another look.Brazil's largest flat-rolled steel producer by capacity, Usiminas, is looking to correct the current domestic price discount to imports in the short term, commercial vice-president Miguel Homes said on July 30....Read More
Elon Musk...The super-rich super genius responsible for mainstreaming electric cars and sending reusable rockets into space has been getting a lot of flack lately.And not from the folks who've been shitting all over him and his electric car company before it even went public. Most of those folks just hated on Musk because the thought of an environmentally-friendlier vehicle that didn't rely on o...Read More
Talon Metals Corp. (TSX: TLO) is a base metals company, in a joint venture with Rio Tinto, on the high-grade Tamarack Nickel-Copper-Cobalt Project, located in Minnesota, USA, comprised of the Tamarack North Project and the Tamarack South Project.Talon, the Tamarack Project operator (as of October 2019), has an earn-in right to acquire up to 60% of the project. We learned from Sean Werger, Presiden...Read More
Domestic prices for hot-rolled coil in Northern Europe have been fairly stable day on day on Thursday July 30, sources told Fastmarkets.Fastmarkets' daily steel hot-rolled coil index, domestic, exw Northern Europe was calculated at ?,?412.95 ($486.87) per tonne on July 30, up by just ?,?0.45 per tonne from ?,?412.50 per tonne on Wednesday July 29.Thursday's index was based on a deal heard at ?,?41...Read More
INK Ultra Money has an eye-opening Real Vision episode with David Andolfatto, economist and senior vice president at the Federal Reserve Bank of St. Louis. In an insightful interview with Pedro da Costa, David answers some big questions including whether the Fed has launched helicopter money and the central bank's role in generating wealth inequality. It is a great interview and is another exampl...Read More
In Insights this week, we explain why the old BOY playbook of the Bernanke, Obama and Yellen years is quickly being made obsolete by the forces of COVID-19, politics, and the debt-saddled global economy. Instead of chasing dividend stocks for yield, investors will likely be better off seeking to hedge inflation with Canadian insider stocks. Meanwhile, we show how insiders can help guide investors...Read More
Turkish rebar export prices have increased over the past week amid rising imported scrap costs, although demand for material was still limited, sources said on Thursday July 30.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), export, fob main port Turkey, was $420-430 per tonne on Thursday, up from the $415-425 per tonne of last week.The mills in Turkey raised their offers t...Read More
Prices in Egypt for steel billet imports and domestically produced steel rebar increased in the week to Thursday July 30 because of higher offers, despite soft demand, sources have told Fastmarkets.CIS-origin billet was offered this week at $415-425 per tonne cfr, up from offers at $405-410 per tonne cfr last week.Traders said that it was impossible to import billet because of the low rebar prices...Read More
A summary of ArcelorMittal Europe's financial results for the second quarter of 2020.In briefEarnings before interest, taxes, depreciation and amortization (Ebitda) dropped due to lower steel shipments and lower steel sales prices in the quarter.Fastmarkets' daily steel hot-rolled coil index, domestic, exw Northern Europe averaged at ?,?420.46 ($494.23) per tonne in April-June 2020, compared with....Read More
The price of steel scrap imported into Turkey rose further on Thursday July 30 on new bookings, continuing the trend started on July 29.A steel mill in the Iskenderun region booked two cargoes, one from the Baltic region and one from Western Europe.The first comprised 27,000 tonnes of HMS 1&2 (80:20) at $276 per tonne, 5,000 tonnes of bonus scrap at $286 per tonne and 3,000 tonnes...Read More
ED&F Man's Ed Meir clinched the top spot on the base metals predictions leaderboard for the second quarter of 2020 with 98.87% accuracy while ING's Wenyu Yao took the top spot for precious metals predictions over the period with a 98.75% accuracy rating.For steel raw materials, Casper Burgering of ABN Amro topped the leaderboard with a 90.89% accuracy score. Click on the image below to download th...Read More
The state of the global iron ore supply remains a key risk factor for market participants in 2020 due to mining operations being affected by the Covid-19 pandemic, sources said.Market sentiment is mixed about whether the tight supply situation will persist in the second half of 2020, especially after Vale said its output for this year was likely to reach just the lower end of its forecast range."I...Read More
Prices in Egypt for steel billet imports and domestically produced steel rebar increased in the week to Thursday July 30 because of higher offers, despite soft demand, sources have told Fastmarkets.CIS-origin billet was offered this week at $415-425 per tonne cfr, up from offers at $405-410 per tonne cfr last week.Traders said that it was impossible to import billet because of the low rebar prices...Read More
One of the most popular guests featured in the 'Hidden Secrets of Money' series is Richard Daughty, aka 'The Mogambo Guru'. Mike Maloney recently caught up with Richard to discuss the current state of the global economy, governments handing out cash hand-over-fist, treasonous politicians and bureaucrats, the death penalty, and most importantly - beer and pizza.Michael Maloney is a precious metals...Read More
In conversation with special guest Dean Curnutt, founder and CEO at Macro Risk Advisors.James "Jim" Grant is an American writer and publisher and the founder of Grant's Interest Rate Observer, a twice-monthly journal of the financial markets. He is the author , most recently, of The Forgotten Depression: 1921: The Crash That Cured Itself. Grant's television appearances include "60 Minutes," "The C...Read More
Andy makes a very compelling case for past market manipulation by large banks like JP Morgan. He sees a perfect storm coming soon, one where there will be no safe haven assets except precious metals. Bonds no longer have real returns when you consider inflation and are guaranteed to lose money.Time Stamp References:0:35 - Gold/Silver Ratio and Silver Buying Opportunity3:45 - Trading the ratios and...Read More
Lobo Tiggre, aka Louis James, is a legendary speculator and was Doug Casey's prot?(C)g?(C) at Casey Research for almost 14 years, until early 2018. He joined the Casey team in 2004. By 2007, he was writing and making investment recommendations in Casey's flagship newsletter, the International Speculator. Now he brings his experience, his connections and his deal flow directly to you, without the b...Read More
Lior Gantz has been called a thrill-seeking entrepreneur by his team, and as such, he built and runs numerous successful businesses, and has traveled to over 30 countries in the past decade in pursuit of thrills and opportunities, gaining valuable knowledge and experience. With Wealth Research Group, Lior allows readers access into the world of the few who beat the markets consistently for decades...Read More
In light of recent feedback and attention we've received about our product naming, we have some things we'd like to say to clarify our approach. Continue...Read More