They didn't want me to write this article.They said it would be deemed politically incorrect and could offend a lot of people.But here's the thing...I don't care. While my intention is not to offend anyone, I'm not going to trivialize the truth in an effort to placate those who are easily offended. Especially not this truth...China Screwed Us Was COVID-19 spawned in a wet market or in a biotec...Read More
Sometimes Real Vision gets a reputation for being bearish. In fact, is it is really some of the guests that bring the bearish perspective. Yesterday, in Real Vision's Daily Briefing we heard a short-term bullish perspective from Tony Greer. It is worth a listen to get his take on what is driving markets. We have Tony's interview for free for all users and a lot more today on INK Ultra Money.Canad...Read More
Turkish domestic prices for hot-dipped galvanized coil (HDG) and color-coated coil continued to fall in the week to Thursday May 7, with buying at a low ebb, sources told Fastmarkets.Demand was weak in both local and export markets, and few deals were heard.Scrap prices were stable during the week because of the subdued market activity.Fastmarkets' daily index for steel scrap, HMS 1&2 (80:20 mix),...Read More
Domestic prices for hot-rolled coil in Northern Europe were fairly stable day on day on Thursday May 7 due to slow trading activity, sources have told Fastmarkets.Fastmarkets' daily steel hot-rolled coil index, domestic, exw Northern Europe, was ?,?420.83 ($455.03) per tonne on Thursday, down by ?,?0.67 per tonne from ?,?421.50 per tonne on Wednesday.Thursday's index was calculated based on "achie...Read More
Here are five Fastmarkets stories you might have missed on Thursday May 7 that are worth another look.The European Commission (EC) might start an anti-dumping case into imports of hot-rolled coil originating from Turkey, market sources told Fastmarkets on Thursday May 7.Mining companies are looking to trading houses and specialist funds for credit since lower metal prices and enforced shutdowns ha...Read More
The US Department of Commerce has initiated anti-dumping and countervailing duty investigations into imports of pre-stressed concrete steel wire strand from 15 countries. Argentina, Colombia, Egypt, Indonesia, Italy, Malaysia, the Netherlands, Saudi Arabia, South Africa, Spain, Taiwan, Tunisia, Turkey, Ukraine and the United Arab Emirates will be investigated for dumping, and Turkey will be invest...Read More
Declining market activity due to the ongoing Covid-19 pandemic and competitively priced imports worked in tandem to lower steel reinforcing bar prices in the United States, market participants said. Fastmarkets' price assessment for steel reinforcing bar (rebar), fob mill US narrowed lower to $29-29.50 per hundredweight ($580-590 per short ton) on Wednesday May 6, down from $29-30 per cwt pre...Read More
The price of alloy steel scrap in the United Kingdom and Europe moved up this week on low availability and slightly higher nickel costs, Fastmarkets heard on Thursday May 7. Fastmarkets' weekly assessment for stainless steel scrap 18/8 solids domestic, delivered merchants UK was ?730-800 ($902-988) per tonne on May 7, up by ?30-50 per tonne since May 1. With important sources of stainless steel...Read More
By Dave Kranzler"If you own gold, you have money. If you don't own gold, you have a problem" - (James Turk). To that I'll add: If you don't have physical possession of your gold, you do not own goldA significant amount of gold is held as "unallocated," which is when an entity buys gold and establishes an account that is credited with value of the gold purchased. A gold bar is not actua...Read More
By: Ira EpsteinHow many small to medium sized companies go bankrupt? Restaurants in some areas will not open until late June. How will they survive?The retreat in gold is mild..Read More
It is still a range trade for gold and silver. Crude oil is rising. Copper is firm. There are buyers of physical gold ready to pay a higher premium on corrections. There are investors of gold using every small correction to invest. Gold prices are range trading. Gold bears are not holding ground. Short term silver traders are booking profit on every rise. Long term investors and physical dealers...Read More
The price of ferrous scrap imported into India was largely stable in the week to Thursday May 7 with trading activity still on hold while a lockdown remained in place for many parts of the country, sources have told Fastmarkets.Fastmarkets calculated the steel scrap, shredded, index, import, cfr Nhava Sheva, India, at $257.98 per tonne on Thursday, broadly stable from $259.38 per tonne on May 1.Al...Read More
Turkish steel mills stayed away from deep-sea scrap purchases on Thursday May 7 due to weak finished long steel demand in the country's export markets, sources said.Steel producers in Turkey have avoided the deep-sea markets since the end of last week, when a steel mill in the Iskenderun region booked a European cargo at $236 per tonne cfr for HMS 1&2 (80:20) and $246 per tonne cfr for bonus, send...Read More
Robert Kiyosaki shares amazing stories as well as observations and prediction for the economy. This is Robert Kiyosaki at his best sharing the knowledge and strategies he's used for decades to achieve success so YOU CAN TOO! If you're interested in gold, silver, bitcoin, inflation, increasing your financial freedom and the future of the economy this is A MUST WATCH EPISODE!! Robert Kiyosaki is bes...Read More
Well, some good news to share today: pepsid, selenium and anticoagulants/blood thinners all appear to make a positive difference in covid-19 recovery rates. Such good news is very welcome, as there's not much to go around. New infections in the US remain stubbornly high, and increasingly, the American people are feeling betrayed by their leaders (something our survey from last week validated). Not...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
The latest unemployment numbers are grim reading. Could the Federal Reserve's reaction to this crisis kill the economy? Join Mike Maloney for his thoughts on this, along with big news for gold and silver. 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 world's most h...Read More
Danielle DiMartino Booth is CEO & Chief Strategist for Quill Intelligence LLC, a research and analytics firm. She spent nine years as an advisor to Richard W. Fisher at the Federal Reserve Bank of Dallas. Danielle left the Fed in 2015 to found Money Strong, LLC, an economic consulting firm and launched a weekly economic newsletter She is the author of Fed Up: An Insider's Take on Why the Federal...Read More
Elon Musk is a business magnet, investor and engineer.Read More
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 financial markets, and greater economic trends.Max Keiser is an American broadcaster and film-maker. He hosts Keiser Report, a financial program broadcast on RT. He presents a weekly show about finance and markets on London's Resonan...Read More