China continued to show strong demand for pig iron in the week ended Friday June 5, supporting a global uptrend in prices for the raw material.Four cargoes of pig iron with a total volume of at least 180,000 tonnes were bought for the Chinese market from Brazil and the Commonwealth of Independent States during the week.One booking of Russia-origin material was heard at $334 per tonne cfr. Another...Read More
Pig iron exporters in Brazil achieved higher prices in the week to Friday June 5 in deals to China, market sources said. Fastmarkets' assessment of pig iron, export, fob port of Vitoria/Rio, Brazil was unchanged at $295-300 per tonne on Friday, but this week the top end of the range reflects a deal achieved at this price rather than offers last...Read More
The inter-merchant spot price for light iron scrap in the United Kingdom moved up for the second consecutive week on Friday June 5, driving by ongoing tight material availability. Fastmarkets' weekly price assessment for steel scrap 5C, loose old light, domestic, delivered inter-merchant, UK was ?65-80 ($82-100) per tonne on Friday, up from ?60-70 per tonne on May 29. This is the second wee...Read More
Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 272,19653,16237,007108,654365,277417,857455,446 Change from Prior Reporting Period -15,9522,928-2,944-23,323-41,022-42,219-41,038 Traders 20260715556284161 Small Speculators LongShortOpen Interest 57,88820,299475,745 -1,410-2,591-43,629 non reportable pos...Read More
"Well, now that we have seen each other," said the unicorn, "if you'll believe in me, I'll believe in you." - Lewis Carroll, "Through The Looking Glass""The greatest trick the devil ever pulled was convincing the world he didn't exist." - Keyser S?ze, "The Usual Suspects"By: Dave KranzlerThe employment report is a complete fraud. But as long as the market and it's army of mainstream story-tell...Read More
China's domestic rebar prices snapped over a week of increases on Friday June 5 due to heavy rain in the country's southern region and high temperatures in the north sapping demand. Domestic Eastern China (Shanghai): 3,600-3,630 yuan ($508-512) per tonne, down by 20 yuan per tonneNorthern China (Beijing) - weekly assessment: 3,700-3,730 yuan per tonne, up by 100 yuan per tonneAdverse weather condi...Read More
By: Ira EpsteinGold is in a correction, but strong supports in the $1,600's:Read More
Prices in Southeast Asia's steel billet market climbed over the past week due to robust demand from Chinese importers.Market participants said China's appetite for imported billet returned after domestic steel prices increased in response to costlier iron ore and production cuts in the country's steelmaking hub of Tangshan.Fastmarkets' daily price assessment for steel billet, import, cfr Southeast...Read More
Michael weighs in on the massive increase in the Fed's balance sheet over the last several months, amounts that make the stimulative response to the Great Recession a decade ago look like chump change. But with that said he shares why he doesn't see the dollar collapsing - at least not against other fiat currencies - and also talks about the critical importance of ditching passivity when it comes...Read More
Mohamed El-Erian is the Chief Economic Adviser of Allianz, a multinational financial services company. He is the former CEO and co-Chief Investment Officer of PIMCO, a global investment firm and one of the world's largest bond funds in the world. Dr. El-Erian also served as a member of the faculty of Harvard Business School. Before joining PIMCO, Dr. El-Erian was a managing director at Salomon Smi...Read More
Peter 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 Pacific Capital. He frequently delivers lectures at major economic and investment conferences, and is quoted often in the print media, including the Wall Street Journal, New York Times, Barron's, BusinessWee...Read More
Harley Schlanger's work can be found at LaRouchePAC.com.Read More
Sprott Money News ? Sprott Money News Weekly Wrap-up - 6.5.20Eric Sprott has more than 40 years of experience in the investment industry. In 1981, he founded Sprott Securities (now called Cormark Securities Inc.), which today is one of Canada's largest independently owned securities firms. In 2001, Eric established Sprott Asset Management Inc. Over the years, Eric has personally been the recipien...Read More
1. Bullish job report:May Nonfarm Payrolls +2.51 million vs -8.5 millionMay Nonfarm Private Payrolls +3.09 million vs -8.8 millionMay Unemployment Rate 13.3% vs 19.9%Largest monthly job gain in history. Is the Plandemic over? 2. A look at current trades and trades past. Nick closed out an option on Tyson Foods. Nick bought it during the panic over a potential food shortage. Up 52% in just a couple...Read More
Bill talks about the Fed's role in the George Floyd riots, the inequality gap, what could stop QE, how the media played a role, China and the price of gold.Bill Fleckenstein is the President of Fleckenstein Capital and writes a popular column 'Contrarian Chronicles' for MSN Money as well as the daily Market Rap column for his website: Fleckenstein Capital. Bill has appeared at one time or another...Read More
Vindication! That Lancet published study vilifying HCQ that Chris has debunked point by point over the past few videos? It's just been retracted. Turns out, it was exactly the "garbage science" Chris said it was. Score a big victory for fans of truth. But it shouldn't have to be this way...our scientists should be rigorous and honest. We need that more than ever right now. But instead, we're getti...Read More
The economy is in shambles, unemployment skyrocketing, a global pandemic, rioting/looting, social unrest, YET THE MARKET GOES UP!! It defies all logic. Or does it? There are some reasons the stock market is going up that nobody's talking about. It all starts with the rate of inflation. We only care about what a market or asset does in "real terms" (adjusted for inflation) because we aren't concern...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
We have seen a lot of police brutality and crazy rioting over the past week. As a sign of potential escalation, video has emerged of Humvees with machine gun Continue...Read More