Here are five Fastmarkets stories you might have missed on Wednesday February 24 that are worth another look.Brazilian steel prices have reached an equilibrium in comparison with international prices and are expected to remain at current premiums to imports, Gerdau chief executive officer Gustavo Werneck said...Read More
Brazilian steel prices have reached an equilibrium in comparison with international prices and are expected to remain at current premiums to imports, Gerdau chief executive officer Gustavo Werneck said on Wednesday February 24.The CEO estimates that the domestic rebar premium over imports reached 15% in February, and that the premium for domestic hot-rolled coil climbed to 11%. There is still cost...Read More
Prices for steel hollow sections in Europe were unchanged over the past week, but mills were said to be considering a round of increases, sources told Fastmarkets on Wednesday February 24.Fastmarkets' price assessment for steel sections (medium), domestic, delivered Northern Europe, was ?,?860-880 ($1,045-1,070) per tonne on Wednesday, unchanged week on week.The price of hot-rolled coil - the feed...Read More
Turkish deep-sea scrap import prices continued to rise after fresh transactions came to light on Wednesday February 24, sources told Fastmarkets.A steel mill in the Iskenderun region booked a Baltic Sea cargo, comprising 20,000 tonnes of HMS 1&2 (80:20) at $445 per tonne and 5,000 tonnes of bonus at $455 per tonne cfr late on Tuesday February 23.Another steel mill in the same...Read More
Fresh deals to South Korea and Taiwan have raised Japanese export scrap prices over recent days, market participants told Fastmarkets on Wednesday February 24.Bullish sentiment in the market was underpinned by major Japan steel scrap buyer Tokyo Steel raising its buy prices by ?500 per tonne across all factories on Wednesday. The price hike, the second this week of its kind, means the steelmaker...Read More
Dr. Ron Paul is a physician and former twelve-term congressman from Texas who ran for president in 2008. He is the author of eight books, including the New York Times bestsellers The Revolution: A Manifesto and End The Fed. An unwavering defender of the US Constitution, Paul has been an advocate of sound money, personal liberty, free markets, and international peace throughout his political career...Read More
It's only a matter of time before Bitcoin "death spirals" down to its true intrinsic value, which is $0, said Steve Hanke, professor of applied economics at Johns Hopkins University.0:00?EUR< - Bitcoin's fundamental value10:22?EUR< - The "ideal" cryptocurrency14:02?EUR< - Federal Reserve's inflation outlook19:51?EUR< - Canadian CPI revisionRead More
BitCoin is not hurting Gold because Gold has performed as expected. It has performed inline with its fundamentals and the direction of real yields (ex 4-6 weeks recently). Bitcoin is a combination of a currency and technology stock.Jordan Roy-Byrne, CMT is a Chartered Market Technician and member of the Market Technicians Association.. He is the publisher and editor of TheDailyGold Premium, a publ...Read More
What happens when you combine a completely out of control congress with an overly compliant central bank and a slow growing economy that has been ravaged by an extreme response to a pandemic? You wind up exactly where we are now. As Michael explains, today's economic foundation is built upon sand or perhaps even a sink-hole. Eventually it's got to crumble and that's why you need to protect yoursel...Read More
Our Supreme Court is now no more an agent of a free people than similar courts are in places like Venezuela and Nicaragua. Continue...Read More
Officials in many countries combine incentives with threats warning that those who don't get the shot will be shut out of everyday activities.Continue...Read More
Higher Japanese offers are heating up prices in the China import scrap market, sources told Fastmarkets on Wednesday February 24.Chinese buyers have focused more on procuring steel billet imports since the market returned from its Lunar New Year holidays earlier this month, with few recent scrap sales heard.Fastmarkets' price assessment of steel scrap, heavy recycled steel materials was at $470-47...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
The food price index run by the UN Food and Agriculture Organization (FAO) has jumped to 113.3 points - just short of the 117.5 hit in 2008, but still some way below 2011's peak (Arab Spring) of 131.9. Cost of food heading towards crisis levels again https://finance.yahoo.com/news/cost-f...?EUR
The Federal Reserve's critical system for interbank payments which serves as the backbone of virtually all money transfers in the US, went down Wednesday Continue...Read More
"It's most egregious in the momentum trading by novice investors lured in by new types of brokerage operation like Robinhood and I think all of this activity is regrettable." Continue...Read More
In a face-off sparked by a random Twitter exchange, Robinhood CEO and co-founder Vlad Tenev sat for an interview with Barstool Sports' Dave Portnoy Continue...Read More
Just when it seemed like the COVID pandemic may be subsiding, a new COVID strain has emerged in California thatContinue...Read More
"Gold is still in the danger zone since Powell did not deliver a response Continue...Read More
CPM's Jeff Christian spoke about the move to the March Comex silver futures contract first delivery day on Friday, the relationship between futures contracts and inventories, and why observers suggesting the March futures being rolled into the May contract is a crisis that could lead to a collapse or default of the silver market are incorrect.Read More