Prices for steel hollow sections in Europe rose on Wednesday June 23 following an increase in feedstock costs, sources have told Fastmarkets.Fastmarkets' price assessment for steel sections (medium), domestic, delivered Northern Europe, was ?,?1,370-1,420 ($1,632-1,692) per tonne on June 23, up from ?,?1,320-1,340 per tonne on June 16.The price of hot-rolled coil, the feedstock for hollow sections...Read More
The rebar price in Southern Europe held steady at multi-year high levels on Wednesday June 23 due to supply shortages and surging scrap feedstock costs, sources told Fastmarkets. Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), domestic, delivered Southern Europe was at ?,?760-785 ($905-935) per tonne on Wednesday, the same as last week. The price, however, has been ris...Read More
Turkish steel producers have extended their absence in the deep-sea scrap market due to weak rebar sales, market participants told Fastmarkets on Wednesday June 23.Steelmakers have now been absent from the market since June 15, when two cargoes were sold into Turkey from the United States.A mill in the Marmara region bought both cargoes, comprising HMS 1&2 (80:20) at $500 and $501 per tonne, plus...Read More
Iron ore prices rose on Wednesday June 23 amid improved sentiment because of the possible easing of blast furnace restrictions in China's Tangshan province and the sharp rise in coal prices, sources said.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $216.01 per tonne, up by $1.69 per tonne62% Fe low-alumina fines, cfr Qingdao: $219.34 per tonne, up by $3.34 per tonne58% Fe fines high-grad...Read More
Buyers in South Korea have been willing to pay higher prices for Japanese scrap recently, outbidding Chinese buyers, sources told Fastmarkets on Wednesday June 23.The South Korean market has been highly interested in higher-quality scrap from Japan in recent months amid high special steel demand and rising scrap intake at some basic oxygen furnaces (BOFs) due to carbon neutrality policie...Read More
Join Greg Hunter of USAWatchdog.com as he goes One-on-One with economist and money manager Michael Pento, founder of Pento Portfolio Strategies.Michael Pento is a specialist in Austrian economics and is the President of Pento Portfolio Strategies. Prior to starting Pento Portfolio Strategies he served as a senior economist and VP of the managed products division of another well known financial fir...Read More
What do tulip bulbs and cryptocurrencies have in common? Today's episode proves that amateurs are at the highest risk for losing big when an asset is in a bubble. You need only look at our crazes in modern times like the tech stock bubble of the early 2,000s, the sub-prime crisis in 2008, and even the designer fruit craze in modern-day Japan, where it can cost up to ?20,000 for a square waterme...Read More
Daniel Lacalle, PhD, economist and fund manager, is the author of the bestselling books Freedom or Equality (2020) and Escape from the Central Bank Trap (2017). He is a professor of global economy at IE Business School in Madrid and Chief Economist at Tressis SV. Ranked as one of the top twenty most influential economists in the world in 2016 and 2017 by Richtopia, he holds the CIIA financial an...Read More
George Edward Gammon is an American real estate investor and entrepreneur. He produces and stars in a popular YouTube Channel. Prior to 2012, George started, owned, and operated multiple businesses ranging from conventions to advertising. The last growing to 24 million in annual revenues and over 100 employees. After 12 years as a successful entrepreneur, at the age of 38, George semi retired and...Read More
Peter joins me for an impromptu chat about Bitcoin's crash below 30,000 over the last 48 hours.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 oft...Read More
We are joined on Metal Money by Gareth Soloway, President & CFO of InTheMoneyStocks.com. In the aftermath of the most recent fall in silver prices, we ask Gareth about the 'technical damage' on the silver price chart and if sub-$20 silver is on the horizon.Gareth Soloway is a professional trader and the President, CEO, & Chief Market Strategist for InTheMoneyStocks.Read More
As the stock markets climb to record highs and commodities are in the midst of a supercycle, Investment Guru Jim Rogers shares insights on where it makes sense for you to invest your money. Jim Rogers shares his views on all investment classes in this Money9 exclusive interaction with Sakshi Batra. Jim Rogers co-founded the Quantum Fund with George Soros in 1973, helping to steer the fund to a 420...Read More
I support the Robin Hood Foundation which works on poverty alleviation in New York City, and they asked me to give a 10 minute explanation of my thinking about stocks being in a bubble.Ray Dalio is an American businessman and founder of the investment firm Bridgewater Associates, one of the world's largest hedge funds. In 2012, Dalio appeared on the annual Time 100 list of the 100 most influential...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
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Putin did an interview where he revealed what he thought about Lenin's entire Communist movement. He made it very clear that Lenin was Continue...Read More
"But rather than simply wonder about possible scenarios, we should collect better scientific data and clarify the nature of UAP. This can be Continue...Read More
It's going to happen again. Investors couldn't possibly get any dumber than they are today.Continue...Read More
John McAfee died by an apparent suicide in a Barcelona jail cell Wednesday - hours after reports surfaced that he would be extradited to face federal charges in the US, according to local media.Continue...Read More
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