Domestic prices for hot-rolled coil were mostly stable across Europe on Wednesday June 9, despite the continuing shortages of material and good demand, sources have told Fastmarkets.Northern European and Italian steelmakers have been offering HRC from fourth-quarter rolling, market sources said. And some producers in Central Europe have been able to provide third-quarter-delivery coil, although pr...Read More
Prices for steel hollow sections in Europe were unchanged on Wednesday June 9 following recent stability of feedstock costs and uncertainty over the upcoming European Commission safeguard decision, sources told Fastmarkets. Fastmarkets' price assessment for steel sections (medium), domestic, delivered Northern Europe was ?,?1,320-1340 ($1,607-1,631) per tonne on June 9, unchanged week on week...Read More
European steel H-beam prices reached new highs on Wednesday June 9, with mills continuing to push through successful increases, sources have told Fastmarkets.Fastmarkets' weekly price assessment for steel beams, domestic, delivered Northern Europe, was ?,?970-1,000 ($1,181-1,218) per tonne on Wednesday, up from ?,?940-970 per tonne one week earlier.Some mills remained out of the market, with full...Read More
Steel wire rod prices in the north of Europe were broadly stable at high levels during the week to Wednesday June 9, with more rises expected due to supply tightness, sources said.Fastmarkets' weekly price assessment for steel wire rod (mesh-quality), domestic, delivered Northern Europe was unchanged week on week at ?,?830-850 ($1,011-1,035) per tonne on Wednesday.Several bookings were reported in...Read More
Here are five Fastmarkets stories you might have missed on Wednesday June 9 that are worth another look.Export prices for Chinese cold-rolled coil and hot-dipped galvanized coil largely trended downward over the past week due to limited trading activity in the spot market.Two Chinese investors...Read More
Robert Kiyosaki, best-selling author of the Rich Dad Poor Dad Series, outlines his plans for financial survival during these turbulent times. "Now more than ever, you need untraceable wealth," he tells our Daniela Cambone. Kiyosaki explains why gold and silver are his favorite investment choices over other assets, including Bitcoin. He also details his escape plan when the incoming chaos hits. Rob...Read More
We had some creative questions to ask Jim about life philosophy, influence and what he would tell his 20-year old self, but also dig into those questions about investing today, where the markets are headed, his long-term view of economies and we threw in a few questions that you guys sent in to us.Jim Rogers co-founded the Quantum Fund with George Soros in 1973, helping to steer the fund to a 4200...Read More
Chris Vermeulen has been involved in the markets since 1997 and is the founder of Technical Traders Ltd. He is an internationally recognized technical analyst, trader, and is the author of the book: 7 Steps to Win With Logic.Read More
1. Meme stocks retreat. Many of the leading meme runners are stalling out this morning and are beginning to pull back. Yesterday's big winner was Clover Health Investments Corp (CLOV). Today, this gapped up to $28.85 a share and has rolled over and trades just above $22.00 now. Wendys Company (WEN) was another big meme winner yesterday, but today that has dropped lower by 6.5%. What stock will be...Read More
President of Miles Franklin Andy Schectman says lack of supply is the single biggest issue facing the physical gold and silver industry.7:00 Premiums10:25 Free market pricing17:05 Capital gains on metals19:28 Gold Roth IRA21:29 Metals' stability25:51 Weekly special29:03 New life in FloridaAndy Schectman is the President and CEO of Miles Franklin Ltd. Precious Metals.Read More
Turkish steel mills continued their deep-sea scrap purchases for July shipment at slightly higher prices on Wednesday June 9, having only just resumed buying activity on Tuesday after a near-two-week break, market participants told Fastmarkets.A steel mill in the Marmara region booked a Baltic Sea cargo, comprising HMS 1&2 (80:20) at $498 and bonus scrap at $508 per tonne cfr.The same mill also bo...Read More
Lynette Zang has held the position of Chief Market Analyst at ITM Trading since 2002. Ms. Zang has been in the markets on some level since 1964. Her mission is to convert financial noise into understandable language. She has been a banker, a stock broker and studied world currencies since 1987. She believes strongly that we need to be as independent as possible and at the same time, we need to com...Read More
Inflation is on the rise and so is denial about it.Oil prices reach their highest levels since Covid began.Broken bond market and rising stock market are not evidence of low inflation.Janet Yellen admits higher inflation is coming, but says it's a good thing.Global minimum tax is a big negative for the world.Bitcoin 2021 cult member love fest comes to an end in Miami.Michael Saylor goes into more...Read More
"I think that there is certainly at this point enough data to demonstrate there is an interest in our nuclear technology, a potential to even interfere with that nuclear technology," Elizondo said, noting there is nothing surprising about a possible increased interest in US capabilities related to its nuclear technology.Continue...Read More
"By combining 8.4 billion unique password variations with other breach compilations that include usernames and email addresses, threat actors can use the RockYou2021 collection Continue...Read More
May's consumer price index is set to be released tomorrow morning, and the broad expectation is that inflation will climb higher compared to the previous month's reading of 4.2%.Gary Wagner, editor of TheGoldForecast.com, agrees with the consensus expectation."I agree that we should see an uptick in the number of inflation," Wagner told David Lin, anchor for Kitco News. "The reason being, oil cont...Read More
Fastmarkets' index of the 63% Fe Australia-origin lump ore premium, cfr Qingdao, hit a record-high on Wednesday June 9 amid strong activity on a trading platform.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $212.67 per tonne, up by $3.17 per tonne62% Fe low-alumina fines, cfr Qingdao: $214.71 per tonne, up $2.90 per tonne58% Fe fines high-grade premium, cfr Qingdao: $187.88 per tonne, up...Read More
I find it convenient just like COVID that all of a suddenContinue...Read More
'I only love you because you're black' and 'true dat n***a'.'how much money do I owe you. Becaause (sic) n***a you better not be charging me Hennessy rates.'Continue...Read More
"The infamous spike protein of the coronavirus gets into the blood where it circulates for severalContinue...Read More