Here are five Fastmarkets stories you might have missed on Wednesday August 19 that are worth another look.South African manganese alloys producer Transalloys will reduce its silico-manganese production by about 30% this year due to weakening market prices, it was revealed on August 19.The Madras...Read More
Steady raw material costs and increasing demand from the automotive and construction sectors have kept wire rod prices in the United States firm, market participants said. Fastmarkets' monthly assessment for steel wire rod (low carbon) industrial quality, fob mill US held at $29-29.50 per hundredweight ($580-590 per short ton) on Tuesday August 18. This is down by 8.6% from $31.50-32.50 year over...Read More
The European wire rod market was quiet in the week to Wednesday August 19 amid the traditional summer slowdown, while market participants were expecting prices to rise in September, pushed upward by costlier scrap and increased buying activity, sources told Fastmarkets.Southern EuropeFastmarkets' weekly price assessment for steel wire rod (mesh-quality), domestic, delivered Southern Europe, remain...Read More
The Turkish deep-sea scrap import market has remained quiet so far this week, with mills staying away due to weak finished long steel demand, sources said on Wednesday August 19.The country's steel producers halted their deep-sea bookings on August 7, when the price for HMS 1&2 (80:20) was $285 per tonne cfr for material from the United States and the Baltic Sea.Since then, no significan...Read More
A sharp rise in the Kanto auction price and improved demand from South Korea helped Japanese export steel scrap prices rise over the last week, market sources told Fastmarkets on Wednesday August 19. Japan's monthly Kanto Tetsugen, which is an auction between a cooperative of scrap dealers in the Tokyo region, was moved back one week from its usual slot in the second Wednesday of the month due to...Read More
Iron ore fines prices gained ground on Wednesday August 19 with healthy demand continuing, sources said, while the decrease in China domestic iron ore production in July could help push prices up.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $129.09 per tonne, up $0.52 per tonne62% Fe low-alumina fines, cfr Qingdao: $128.39 per tonne, up $1.31 per tonne58% Fe fines high-grade premium, cf...Read More
The dollar has broken critical support levels, what is the short-to-medium term outlook? Join Mike Maloney, Chris Martenson and moderator Mr Jeff Clark as they discuss some of the biggest news stories this week.?>>?Michael Maloney is a precious metals investment expert and historian. He is the founder and owner of GoldSilver.com, a global leader in gold and silver sales/storage and one of the worl...Read More
Egon von Greyerz predicts an economic destruction of markets and asset values and a major wealth transfer and tell's The Capital Network's Executive Director Lelde Smits who stands to loose and gain the most. Egon von Greyerz specialises in wealth management and wealth preservation for high net worth individuals. He's the founder and managing director of Matterhorn Asset Management, a Swiss compan...Read More
Jim Rogers, chairman of Rogers Holdings and co-founder of the legendary Quantum Fund, said that the next market crash could be even worse than what we are seeing today. Rogers draws on his decades-long investing experience, from his early days on Wall St to his successes with the Quantum Fund, and gives candid advice to any investor looking to win in the long haul.0:42 - Macroeconomics10:35 - Gold...Read More
August 2020 - James Rickards is an economist, lawyer, currency expert and investment banker and the author of bestselling books. In his interview with The Capital Network's Executive Director Lelde Smits Jim provides his predictions for the decade ahead and forecasts his pick for the 2020 US presidential election, claiming "I base this on good science and good statistics". Jim also predicts a depr...Read More
Topics in this interview:-Circumstances that pushed gold higher still intact.-Secular bull markets always feature declines.-Be associated with the reasons gold is going higher, not just reacting to charts.-It was the policy response that drove the resource out of the March lows.-The purity of the bottoming out of the resource sector.-Low prices are the cure for low prices.-Buffett's move into gold...Read More
Markets keep going up and the valuation of equities is over 177% of GDP. Dollar going down, gold going up, and Warren Buffett buys Barrack and sells all his shares Goldman Sachs. He's selling banks and buying gold stocks. Late to the game. Long term rates coming down and short term rates are near zero. Inflation target above 2%. Banks can't make money. Silver going up. It will become the best inve...Read More
0:00 Introduction1:40 Timeframe for $4,000 gold?3:27 Covid-19 vaccine to crush gold's run?4:09 Gold Producers' FCF attracting generalists6:54 Frank's gold ETF GOAU explained8:38 Type of GOAU inflows past 6 months9:57 How to play the precious metals market volatility13:11 Type of junior gold stocks you are investing in?14:43 Deploying cash into base metal miners?15:18 Timing the airline rebound tra...Read More
What's this? Actual good news?!?A recent study shows that covid-19 may not be as "novel" a virus (i.e., never encountered before) as previously thought. And as a result, 20-50% of the population appears to have a degree of "pre-immunity" to the virus. Christopher Martenson is a former American biochemical scientist. Currently he is a writer and trend forecaster interested in macro trends regardin...Read More
Gerald Celente is a pioneer trend strategist and founder of The Trends Research Institute. He is the author of the national bestseller Trends 2000: How to Prepare for and Profit from the Changes of the 21st Century and publisher of the internationally circulated Trends Journal newsletter. Gerald Celente is a political atheist. Unencumbered by political dogma, rigid ideology or conventional wisdom,...Read More
After launching last November, the Save Canadian Mining initiative has reached a critical stage. Founder Terry Lynch said Ontario's Capital Markets Modernization Taskforce is working to update the Ontario Securities Act, and recently released a report covering key issues and proposals. "There's a lot of good things (in the report). They specifically targeted predatory short selling, which is one o...Read More
S&P recoups COVID losses, closing today on an all-time high.Tesla cruises on stock splits driving into the mother of all short squeezes.Traders will sue Robinhood for their losses.Dollar index gets smoked.Warren Buffett knows the inflation tax is coming and he's trying to avoid it.Never mind the answers, the news doesn't even have any questions.Bitcoin not making any new highs.Democrat National Co...Read More
What rioters on the street hear as 'it's okay to steal from people who have more stuff than I do' in NPR and The Atlantic's offices sound like 'The Case for Reparations.'Continue...Read More
We've got to stop treating the president like a god and start making both the office of the president and the occupant play by the rules of the Constitution.Continue...Read More
Who better to explain how the Fed is killing the economy and policymakers are killing capitalism than a former White House Budget Director for President Ronald Reagan? In this episode, you'll hear a very candid point of view about how the 12 people running the Fed are putting the economy on the brink of collapse and how keeping cities on lockdown is totally irresponsible. Since March 12th the Fed...Read More