The path of Canadian stocks through the COVID-19 fog is likely to be guided by inflation expectations. We explain why in our INK Canadian Insider Index quarterly rebalancing video presentation released Tuesday. The video is free. After rebounding from March lows, inflation expectations are now consolidating. Should they move significantly up or down from here, their direction will likely signal i...Read More
Domestic long steel prices in Turkey have increased over the past week on an expected recovery in demand and improvement in imported scrap values, sources said on Thursday May 28.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), domestic, exw Turkey, was 3,230-3,290 Turkish lira ($477-486) per tonne on Thursday, up from last week's 3,180-3,200 lira per tonne, including 18% VA...Read More
The Turkish export markets for steel rebar and wire rod have remained mostly quiet over the past week on limited demand, sources said on Thursday May 28.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), export, fob main port Turkey, was $390-400 per tonne on Thursday, unchanged week on week.Turkish steel producers continued to...Read More
China's domestic rebar prices edged up day on day on Thursday May 28 amid active trading following futures gains, sources said. Domestic Eastern China (Shanghai): 3,510-3,540 yuan ($491-495) per tonne, up by 10 yuan per tonneSome end users increased procurement rates following the strong futures prices, although many others still kept their purchases limited, Fastmarkets heard.Stronger demand push...Read More
Bangladeshi steel mills are expected to return to the deep-sea market for steel scrap in bulk and containers in the coming weeks, market sources told Fastmarkets on Thursday May 28.Purchasing activity in Bangladesh has been extremely slow over the past three weeks, with demand decimated by the Ramadan period and the country's continuing Covid-19 lockdown.But signs of life are returning after Eid-a...Read More
By: Ira EpsteinFirst week of June a big week in US, many places re-opening. Lay-offs a big threat still and as the largest employers, and oh boy, there are going to be problems.Gold is acting very good..Read More
It's no surprise to most investors that the Fed is propping up the stock market. However, if we compare the Dow Jones Index versus the continued unemployment claims, something seriously wrong is going on. According to the St. Louis Federal Reserve, continued unemployment claims are nearly four times higher than the peak reached in June 2009. When the continued unemployment claims reached a...Read More
Turkish deep-sea scrap import prices increased slightly on news of fresh cargo deals heard on Thursday May 28.A steel mill in the Izmir region booked a European cargo, comprising 20,000 tonnes of HMS 1&2 (80:20) at $246 per tonne, 5,000 tonnes of shredded at $251 per tonne and 5,000 tonnes of bonus at $256 per tonne cfr.Another steel mill in the same region...Read More
Harry Dent is a Fortune 100 consultant, new venture investor, noted speaker, bestselling author, and the founder and senior editor at Dent Research, where he dedicates himself to identifying and studying demographic, technological, and geopolitical trends. He has a free daily newsletter at www.harrydent.com called "Survive and Prosper." Mr. Dent accurately predicted Japan's collapse in 1989, the d...Read More
SBTV speaks with Michael Pento, Founder of Pento Portfolio Strategies, about the worsening state of the global economy. With 30 million people made jobless within weeks, Michael has no doubt that the economic depression is here.Discussed in this interview:02:27 Unemployment rose faster than during the Great Depression09:55 Balance sheets of the world is being destroyed13:26 Why a bigger monetary b...Read More
http://financialrepressionauthority.c...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 wr...Read More
After nearly two months of trading range-bound, gold is currently under a consolidation period, said Todd Horwitz, chief strategist of BubbaTrading.com."You've got the ultimate confusion in the market. There's people trying to understand, is gold going to turn into a real currency because of what the Fed is doing," Horwitz told Kitco News. "At the end it comes down to price and the price says that...Read More
The banks no longer have reserve requirements! ??'? WHAT DOES THIS MEAN FOR YOU? ??'^ The Federal Reserve came out with the bombshell announcement and Mike Maloney did an excellent video outlining the insanity of the whole thing. One of the biggest areas of confusion for the average person, is how bank reserves actually work. So in this video I wanted to expand on what Mike outlined, so I guess yo...Read More
Max talks to Michael Krieger of LibertyBlitzkrieg.com about the tide going out on our collective delusions about money printing and who exactly gets 'rescued' with the Fed's never-ending bailouts.Michael Krieger is the creator and editor of Liberty Blitzkrieg. Michael attended college at Duke University where he earned a double major in Economics and Spanish. After completing his studies in 2000...Read More
For Part 1 of this interview, CLICK HEREFor the past few weeks I have been reporting that two market makers were blown out on the LBMA on March 24th. One of my sources was London silver trader and whistleblower Andrew Maguire, who was kind enough to join me on this show and explain what happened. There's a good chance that in due time this will be looked at as one of the seminal breakpoints, and i...Read More
Jordan Roy-Byrne comments on the short-term pullback we are seeing for gold and gold stocks. Gold is rebounding today (Wednesday) but the stocks are still down for the day and down around 12% over the past 5 trading days. We also get a quick comment on silver which has been outperforming.Jordan Roy-Byrne, CMT is a Chartered Market Technician and member of the Market Technicians Association.. He is...Read More
"What's coming will be the weirdest, most twisted thing you've ever seen, something that will be very hard to predict-so the more educated you are on history the better chance you have at surviving it." This sobering quote from Mike Maloney highlights why he devotes his new video to the Great Depression... because it can offer valuable insights into what could be ahead for us today. When Mike wrot...Read More
Think of it as the REAL ID on steroids. The airlines and sectors of government are pushing for a biometric "immunity passport" to prove that one is not corona contagious before flying, attending large events, maybe even going to work. Is this the number of the beast or a sensible reaction to a pandemic? Something in-between? Plus today's program will look at another pandemic: depression and anxiet...Read More
Seaborne iron ore went up on Thursday May 28 with mid-grade iron ores such as Newman fines and Pilbara Blend fines from Australia performing well, sources told Fastmarkets. Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $97.09 per tonne, up $1.72 per tonne. 62% Fe low-alumina fines, cfr Qingdao: $98.89 per tonne, up $0.89 per tonne. 58% Fe fines high-grade premium, cfr Qingdao:...Read More