With competition in the global steel markets remaining fierce, Fastmarkets provides an update on the new, progressing and closed trade cases from around the world in April 2020.The case list below includes only updates. For other continuing cases...Read More
The price of containerized ferrous scrap imports into India slumped further this week due to the continued lack of trading under the lockdown conditions in the country, as well as a drop in the global scrap markets, sources told Fastmarkets on Friday May 1.Fastmarkets calculated the steel scrap, shredded, index, import, cfr Nhava Sheva, India, at $259.38 per tonne on Friday, down from $269.13 per...Read More
The pig iron market in the United States strengthened in the week to Friday May 1, with several buyers restocking material, sources told Fastmarkets.Fastmarkets' price assessment for pig iron, import, cfr Gulf of Mexico, US, was $295-300 per tonne on Friday, up by $5 from $290-295 per tonne last week.One purchase of Ukraine-origin pig iron was done...Read More
The Turkish deep-sea scrap import market ended the week with a lower-priced deal coming to light on Friday May 1, in line with market expectations for the direction of prices, sources told Fastmarkets.News of the cargo came to light late on Thursday, with a steel mill in the Iskenderun region buying a European cargo comprising 17,000 tonnes of HMS 1&2 (80:20) at $236 per tonne cfr, and 7...Read More
Demand for CIS-origin billet mainly came from the Gulf Co-operation Council (GCC) region this week, sources told Fastmarkets Friday May 1.By the end of the week, Fastmarkets had heard of three deals to the region, with the latest being a 50,000-tonne billet cargo sold to a customer in Saudi Arabia at around $360 per tonne cfr (or $335 per tonne fob Black Sea, excluding freight costs...Read More
Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort287,38224,65344,448114,902408,531446,732477,632Change from Prior Reporting Period 5,119-8,0393,519-1,90611,6506,7327,130Traders20354715959290159 Small Speculators (C) GoldSeek.com LongShortOpen Interest 54,08423,184500,816 9265287,658 non reportable positionsChange from the pr...Read More
The Coronavirus / covid-19 pandemic is the biggest hoax in the history of the world. Billions of people across the globe have been duped and allowed themselves to be subjected to tyranny because of a spook.As you will learn when you follow the links below, the figures for cases and deaths caused by Covid-19 are largely fraudulent and grossly inflated - the product of distortion, exaggeration and...Read More
By Mike Gleason Precious metals markets enter the month of May with some mixed signals near term. But the long-term picture continues to look constructive. All the metals appear to have put in major bottoms during the panic selling of mid to late March. Barring another wave of virus outbreaks and economic lockdowns, the gradual reopening of state, local, and national economies should star...Read More
By: Ira EpsteinGold market has backed off here. Not pretty on the chart action on gold..Read More
The monthly alloy surcharges for stainless steel in Europe have decreased for May because of lower alloy component costs, Fastmarkets heard on Friday May 1.Transaction prices for finished stainless steel remained unchanged, meanwhile, following decreases last week that were made in anticipation of the lower May surcharges.Fastmarkets' calculation of the stainless steel cold-rolled sheet, 2mm, grad...Read More
One of the more acutely-asked questions since the covid-19 pandemic broke out has been: Is the virus man-made? Debate on the matter has been wild and furious. After much investigation, Chris is now chiming in on the heels of an explosive Newsweek report. Newsweek reveals that as recently as last year, the US funded scientists at the Wuhan Institute of Virology in 'gain of function' research on bat...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
Topics:Government encouraging people not to work.Jim Cramer's restaurant can't stand the heat.Businesses at increased risk for lawsuits.Nobody is forced to go to work.Democrats don't believe all women.Q&APeter Schiff is an internationally recognized economist specializing in the foreign equity, currency and gold markets. Mr. Schiff made his name as President and Chief Global Strategist of Euro Pac...Read More
Jim Willie joins me on RTD again to talk about the the Global Reset, the $h!t dollar and more. Jim Willie is a statistical analyst in marketing research and retail forecasting. He holds a PhD in Statistics, and his career has stretched over 25 years. He aspires to thrive in the financial editor world, unencumbered by the limitations of economic credentials. Jim operates a free website called Golde...Read More
As we learn more about the coronavirus, and all of the numbers that are released by the government, there's more and more that just doesn't add up. Fortunately, Jim Willie, editor of The Hat Trick Letter, joined the show to discuss the discrepancies he's noticed, and what he thinks is really going on. So if you want to know what you're not being told about Coronavirus, click to watch the video now...Read More
Key data from Fastmarkets' pricing session in Shanghai, New York and Galway on Friday May 1.China China's domestic prices climbed on a more active spot market, with mills restocking ahead of the Labor Day holiday from May 1-5.Production costs for ferro-silicon will increase...Read More
Charles Hugh Smith writes the Of Two Minds blog which covers an eclectic range of timely topics: finance, housing, Asia, energy, long-term trends, social issues, health/diet/fitness and sustainability. From its humble beginnings in May 2005, Of Two Minds now attracts some 200,000 visits a month. Charles also contributes to AOL's Daily Finance site and has written eight books, most recently Money a...Read More
MacroVoices Erik Townsend and Patrick Ceresna welcome Dr. Lacy Hunt to the show to discuss his core thesis on interest rates and inflation, how to interpret FED policy in inflation and perspectives on the FED bailing out the high yield market.Read More
While volatility has come down from its epic highs in March, Hedgeye CEO Keith McCullough reminds viewers in this clip from The Macro Show that the volatility index staying above 31 is a historical rarity and is not signaling the next bull market.Mr. Keith R. McCullough is the Founder and CEO of Hedgeye Risk Management LLC. He covers the strategy sector at the firm. Prior to founding the firm, Mr....Read More