High offers for steel plate issued by mills in China have led exporters in the country to seek out cargoes from other countries such as India and South Korea to sell elsewhere.Fastmarkets' price assessment for July/August shipments of steel heavy plate export, fob China main port was $470-480 per tonne for the week ended Tuesday June 9, up by $10 per tonne from $460-470 per tonne a week earlier.An...Read More
The use of medical marijuana is legal today in 33 states across the nation. Yet despite already being legal in most states, the medical cannabis industry still has way more room to grow than most people are considering.That's because in many states with legal marijuana, overly tedious rules and regulations are drastically throttling the industry. It's being held back.For investors, this means even...Read More
The price for steel H-beams in Europe was unchanged on Wednesday June 10 in a stable market, while a change in market direction could be possible when monthly scrap prices are settled, sources have told Fastmarkets.Fastmarkets' weekly price assessment for steel beams, domestic, delivered Northern Europe was ?,?530-550 ($599-622) per tonne on Wednesday, flat week on week."Prices are unchanged. With...Read More
Today, on INK Ultra Money Mark Cuban provides an uplifting take on the state of markets, leaving no doubt in his mind that we have entered an internet-bubble like period. It is in an insightful, entertaining, and reassuring Real Vison premium video reinforcing the idea that eventually hard work and sanity prevail over irrational exuberance.America needs to get more productiveOf course, good luck...Read More
The European steel mesh-quality wire rod market has been quiet this week ahead of new steel scrap settlements, with prices diverging from region to region, sources told Fastmarkets.Fastmarkets' weekly price assessment for steel wire rod (mesh-quality), domestic, delivered Southern Europe was ?,?420-440 ($475-497) per tonne on Wednesday June 10, stable over the week.ItalyThe "workable" price for wi...Read More
Prices of hollow steel sections in Europe fell slightly on Wednesday June 10, with stocks at mills increasing because they are trading less than they produce, sources told Fastmarkets. Fastmarkets assessed steel sections (medium), domestic, delivered Northern Europe at ?,?550-560 ($622-633) per tonne on Wednesday, narrowing downward from ?,?550-570 per tonne a week earlier.One distributor fears th...Read More
Japanese steel scrap prices have jumped again over the past week amid tightening supply but buyers are unwilling to accept the fresh price increases, market sources told Fastmarkets on Wednesday June 10.Tight supply of H2 heavy scrap has resulted in further increases in scrap buying prices at Japanese mills over the past week, together with a sharp rise in sales prices at the Kanto Tetsugen auctio...Read More
An expected shortfall in Brazilian supply of high-grade iron ore will likely result in 2020 becoming a boom year for Australian miners.While Brazilian miner Vale, a key producer of high-grade iron ore fines and pellets, is maintaining its production guidance despite a suspension of operations at its Itabira mining complex, many market participants in Asia are expecting a shortage of Brazil-origin...Read More
Here are five Fastmarkets stories you might have missed on Wednesday June 10 that are worth another look.US sanctions against Islamic Republic of Iran Shipping Lines (IRISL) and its Shanghai-based subsidiary, E-Sail Shipping Co, are unlikely to have an impact on steel freight costs, sources told Fastmarkets on June 10.Carmakers Volkswagen AG and Ford Motor Company have signed agreements that stren...Read More
US sanctions against Islamic Republic of Iran Shipping Lines (IRISL) and its Shanghai-based subsidiary, E-Sail Shipping Co, are unlikely to have an impact on steel freight costs, sources told Fastmarkets on Wednesday June 10.The US Treasury Department 8 designated 121 tankers, container ships and other vessels owned or tied to Iranian shipper IRISL for additional secondary sanctions, which came in...Read More
Dave Kranzler, Investement Research Dynamic's Mining Stock JournalThe bullion banks - at least on the Comex - have reduced their risk exposure to gold and silver derivatives over the last several months, which means reducing their short exposure. This is likely in response to the rising risk that they will be unable to meet increasing long-side counterparty delivery demands.Chris Marcus of Arca...Read More
Craig Hemke, TF MetalsWhile not the only consideration in forecasting price, it's always important to note the current COMEX contract balance. As the FOMC meets again this week, let's look under the hood to see whether or not positions are at extremes versus recent history.As you know, this has already been a strong year for COMEX Digital Gold. Price ended 2019 right at our forecast of $1520, an...Read More
By: Ira EpsteinOil API data not bullish, not consistent draws. Gold having a good start to the week, August chart breaks to neutral pattern..Read More
The Fed has been printing trillions of dollars, and the amount of debt that has been added is insurmountable. America was already the largest debtor nation in the history of the world and in the last month they have added staggering amounts of debt and they continue to add more and they're printing more money. Why? Today's guest, one of the world's most successful international investors, Jim Roge...Read More
"There is a 60 year cycle of social unrest, and the last time was in the 1960's. . . . The social unrest is just getting started. . . . Will it turn into civil war? I don't know because there have not been that many civil wars. . . . It is going to get worse and worse."Charles Nenner founded, and is president of, the Charles Nenner Research Center. Mr. Nenner has provided his independent market re...Read More
Topics:The future of Hong Kong after the introduction of national security legislation. 7:35What if the US strips Hong Kong out of its special customs status? 11:30The case for investing in mainland Chinese and Hong Kong stocks. 13:00Why Kyle Bass' bet against the Hong Kong dollar is wrong-headed. 16:45Should locals get their assets out of Hong Kong? 22:00The deepening political and economic clash...Read More
Jim Rogers and Frank Walbaum talk about currencies and commodities as well as cryptocurrencies and the developments in the stock markets in this episode.Jim Rogers co-founded the Quantum Fund with George Soros in 1973, helping to steer the fund to a 4200% return before "retiring" at age 37. He is considered to be one of the greatest investors of all time. Rogers has made two record-setting journey...Read More
Join Mike Maloney in this week's wrap up of current events and discover why he believes we are headed towards a depression, and not just a recession.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 highly regarded investment education companies. He is aut...Read More
http://financialrepressionauthority.c...Yra Harris is a trader with over 32 years of experience in all areas of commodity trading, with broad expertise in cash currency markets. He has a proven track record of successful trading through combination of technical work and fundamental analysis of global trends; historically based analysis on global hot money flows. He is recognized by peers as an aut...Read More