European distributors of flat steel products have reported an 8.9% year-on-year rise in shipment volumes during November 2020, regional steel industry association Eurometal said on Monday January 18.Over the first 11 months of 2020, however, flat steel distributors' shipments dropped by 12.00% year-on-year.Eurometal did not disclose individual product volumes.Fastmarkets calculated its daily steel...Read More
Apparent steel consumption in Brazil grew by 30.2% year on year in December and finished the year up by 1.2% overall, the country's steel association, Instituto A??o Brasil, said on Monday January 18.According to A??o Brasil data, December consumption totaled 2.03 million tonnes, up from 1.56 million tonnes a year before.Flat-rolled steel demand reached 1.23 million tonnes in December, up 31.5% fr...Read More
The domestic rebar market in Russia's Central Federal District around Moscow moved up in the week to January 18 on higher offers from mills, with market activity, however, subdued due to seasonal factors, several sources told Fastmarkets.Trading activity in Russia's rebar market was slow over the assessment week due to seasonally slow end-user demand, sources said."It's extremely cold outside, con...Read More
Here are five Fastmarkets stories you might have missed on Monday January 18 that are worth another look.The prices of ferro-chrome imported into both Japan and South Korea have surprised the market by jumping to two-year highs because of a recent surge in spot prices in China, the largest importer of the...Read More
Turkish domestic prices for auto bundle steel scrap have gone down slightly over the past week, following the downturn in the deep-sea scrap import values, sources said on Monday January 18.Deep-sea scrap import prices went down sharply in a fresh Baltic Sea cargo deal at the end of the previous week.Fastmarkets' daily index for steel scrap, HMS 1&2 (80:20 mix), North Europe origin, cfr Turkey, wa...Read More
Domestic ferrous scrap prices in Germany increased significantly in the month to Friday January 15, following and supported by the trend in the international market, sources told Fastmarkets. Fastmarkets' monthly price assessment for steel scrap No E3 (old thick steel scrap), domestic, delivered mill, Germany was ?,?370-405 ($445-489) per tonne on January 15, up by ?,?85-95 from ?,?285-310 per ton...Read More
Export prices for steel slab from the Commonwealth of Independent States (CIS) decreased in the week to Monday January 18 because customers were not ready to accept the levels being asked by mills amid weakening prices for finished flat steel products.Fastmarkets' weekly price assessment for steel hot-rolled coil, import, cfr main port Turkey, was $730-800 per tonne on January 15, falling from $74...Read More
Craig Hemke from TF Metals Report forecasts $38 silver and $2300 gold in 2021. He predicts the Federal Reserve will lower rates, which will be bullish for metals. However, he expects 2021 to be a wildly unpredictable year like 2020 and extremely volatile for metals. Craig is expecting "out-sized gains" for mining stocks.0:00 Intro1:16 2021 metal predictions3:33 Catalysts for bullish move12:13 Silv...Read More
China's domestic rebar prices increased slightly on Monday January 18 following futures gains, although demand edged down. DomesticEastern China (Shanghai): 4,300-4,330 yuan ($663-668) per tonne, up by 20 yuan per tonneTwo cities and a district of another city in eastern China's Shandong Province suspended all construction activity over the past weekend to contain the spread of...Read More
0:00-1:18 - Introduction1:18-2:06 - Biggest Surprises2:06-3:15 - Commodities3:15-4:32 - Mining Stocks4:32-6:35 - Drawbacks of Retail Investors6:35-8:26 - Buying Physical Gold8:26-9:48 - Digital Currencies Impact on Gold9:48-11:36 - Commodities in 202111:36-13:35 - Adriatic Metals Plc13:35-14:27 - Adriatic Metals Plc14:27-15:07 - Big Winners15:07-16:50 - Final Thoughts16:50-18:02 - ConclusionQUESTI...Read More
?>>?Short interest in some larger gold miners has increased a lot in the last 6-8 weeks. This January 5th, 2021 article cited 30% or larger increases in short interest in some gold mining stocks and since then paper gold prices have been smashed even more https://m.investing.com/news/stock-ma...Fred Hickey analysis of latest gold commitment of traders (COT): https://twitter.com/htsfhickey/status.....Read More
Bitcoin is an asset that is fueled almost entirely by "false hope" and should demand falter, the price is just going to "collapse", said Peter Schiff, chief market strategist at Euro Pacific Asset Management. "Ultimately, Bitcoin is going to collapse, and any demand that it might have siphoned away from gold is going to return to gold. The Bitcoin story is one of a bubble, it's a modern-day Tulip...Read More
0:00 Introduction0:54 2020 predictions & accuracy2:00 2021 expectations4:04 W.D. Gann & 2021 in historical perspective6:41 Some food prices going parabolic recently7:53 Precious metals8:39 Risks in 20219:32 Final thoughtsProfessional Trader Nick Santiago discusses his expectations for 2021 and shares that he believes this year will be a wild ride for traders. Nicholas Santiago started trading in 1...Read More
Click Here to Listen to the InterviewMichael Oliver believes investors should fade this latest takedown in gold and brace for a big move higher as the price of gold is going to trade above $8,000 within 24 months.Click Here to Listen to the InterviewJ. Michael Oliver entered the financial services industry in 1975 on the Futures side, joining E.F. Hutton's International Commodity Division, headqua...Read More
Harley Schlanger's work can be found at LaRouchePAC.com and The Schiller Institute.Read More
John Rubino is the founder and manager of the popular financial website DollarCollapse.com. Mr. Rubino is the co-author, with GoldMoney's James Turk, of The Money Bubble and The Collapse of the Dollar and How to Profit from It. He spent the 1980's on Wall Street as a Eurodollar trader, equity analyst and junk bond analyst. During the 1990's he was a featured columnist with TheStreet.com and a freq...Read More
*This interview was recorded on 1/14/21Gary was shocked by Biden's speech on allocation of funds. We spent $4 trillion last year. When does it end? We're spending like there's no tomorrow. We're looking at another $4 trillion for this year. When the Treasury spends on stimulus, that's when inflation really takes place. Copper is going up due to commodity price inflation and also on China's demand....Read More
Ed Steer is the founder of Ed Steer's Gold and Silver Digest and a director at GATA.org.Read More
In this Jim Willie interview, we discuss the Vatican's stolen gold, did Trump invoke the insurrection act? Part 1 (part 2 below)In this Jim Willie interview (part 2), we continue our discussion about the Vatican's seized gold, and did Trump invoke the insurrection act? Is this stuff fact of fiction?Part 2Jim Willie is a statistical analyst in marketing research and retail forecasting. He holds a P...Read More
Project Veritas was founded by James O'Keefe. The mission of Project Veritas is to investigate and expose corruption, dishonesty, self-dealing, waste, fraud, and other misconduct in both public and private institutions in order to achieve a more ethical and transparent society.Full story at Project Veritas...Read More