Offer prices for domestic steel rebar in Russia's Central Federal District around Moscow increased as expected this week, although buyers said it was hard to pass them on to downstream customers, sources said on Monday October 19.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), domestic, cpt Moscow, Russia was 40,000-41,000 roubles ($514-527) per tonne on October 1...Read More
Prices for imported rebar in Singapore rose slightly in the week to Monday October 19 due to there being less Turkish material in the spot market, sources told Fastmarkets.Offers for Turkish rebar remained at $465 per tonne cfr Singapore on a theoretical weight basis, although Turkish supply is not readily available for December-shipment materials.This is because Turkey has sold large quantities t...Read More
China's domestic rebar prices moved up on Monday October 19 following early gains in the futures market, which received a boost from positive economic data for the third quarter.DomesticEastern China (Shanghai): 3,710-3,740 yuan ($554-558) per tonne, up by 30 yuan per tonneChina's gross domestic product grew by 4.9% on the year in the third quarter, and is 1.7 percentage points higher than the sec...Read More
Domestic prices for ferrous scrap in Italy have been fairly stable over the month to the middle of October, market sources told Fastmarkets.Fastmarkets' monthly price assessment for steel scrap, No E3 (old thick scrap), domestic, delivered mill, Italy, was unchanged over the month at ?,?220-240 ($258-281) per tonne on Friday October 16. The assessment was based on transactions heard in the market....Read More
Prices for steel scrap imported by Turkish steel mills inched back upward late last week after earlier dips, market sources told Fastmarkets on Monday October 19.Higher prices were heard in one booking that came to light late on Friday after the Fastmarkets index calculation had closed for the day, and in another that become known on Monday morning.A steel mill in the Izmir region booked a Baltic...Read More
Domestic ship scrap prices in Turkey have remained stable over the past week despite rising imported scrap values, market sources said on Monday October 19.The mills' buy prices for ship scrap have remained unchanged at $280 per tonne delivered.So Fastmarkets' weekly price assessment for steel scrap, melting scrap from shipbreaking, domestic, delivered Turkey, was $280 per tonne on Monday, unchang...Read More
Doug Casey is an American-born libertarian economist and advocate of the free market. He is a bestselling financial author, international investor, entrepreneur, and the founder and chairman of Casey Research, a provider of subscription financial analysis about specific market verticals including natural resources/metals/mining, energy, commodities, and technology. Since 1979 he has written or co-...Read More
Market forecaster James Bianco of Bianco Research warns the backdrop is conducive for an inflation comeback.Jim Bianco is President and Macro Strategist at Bianco Research, L.L.C. Since 1990 Jim's commentaries have offered a unique perspective on the global economy and financial markets. Unencumbered by the biases of traditional Wall Street research, Jim has built a decades long reputation for obj...Read More
*You can watch the entire 60 Minutes interview in its entirety below the first videoPeter Schiff, a prominent Bitcoin critic, is the target of an investigation by leading tax authorities. Allegedly, Euro Pacific Bank, provided banking services to known organized criminals and tax evaders with little scrutiny, Let's discuss!60 Minutes interview:In a major exclusive involving 60 MINUTES, The Age, Th...Read More
Gold, Silver as well as the gold stocks have a technical setup showing downside potential over the weeks ahead. The good news is a steep selloff would lead to an excellent entry point.?>>?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 publication which emphasizes market timing and s...Read More
CIS export prices for steel billet inched upward on Monday October 19 amid higher costs for steelmaking raw materials, particularly scrap, Fastmarkets has heard.Fastmarkets' daily steel billet index, export, fob Black Sea, CIS, was calculated at $410 per tonne on Monday, up by $2 per tonne from Friday.Market participants reported offers within the range of $415-420 per tonne fob Black Sea, against...Read More
"As bad as COVID-19 has been, the damage of climate change will be even worse, and there won't be just an intervention like a vaccine to bring it to an end." he said. Continue...Read More
NEVER in my personal imagination would I have EVER assumed that the high-tech companies would be conspiring against our freedom. They are simply greedy. Continue...Read More
When it comes to silver, David Morgan of The Morgan Report is synonymous with the metal, having tracked it for decades. "Some people may hate me for saying this," says Morgan in his interview with Daniela Cambone, "but we have a backed-up inventory of the metal; for now, the market can meet demand." Morgan explains that the silver price probably won't see an imminent breakout, but a big uptrend mo...Read More
Understand this simple aspect of how the market works and you will save yourself a lot of pain. Continue...Read More
In California, New Jersey and New York City, U.S. citizens earning more than $400,000 a year could face combined state and local statutory income tax rates of more than 60%.Continue...Read More
Euro Pacific Bank confirms it has not been contacted by any foreign government or taxing authorities about the inaccurate allegations asserted as Continue...Read More
Commercial real estate is in big trouble, and pressure in the $15 trillion market is threatening to bleed over into the broader financial system justContinue...Read More
In this interview, professional mining investor David Erfle, the Junior Miner Junky, provides his current commentary on the junior gold sector and how he is managing his personal mining stock portfolio. He explains why he recently sold some gold stocks. And David offers advice to novice gold stock investors just beginning to build a portfolio.0:00 Introduction0:50 Why I'm selling some gold stocks...Read More
Westhaven Gold reported it continues to find high-grade gold intercepts at the Franz Zone of its Shovelnose Gold property in British Columbia. In a news release, gold-focused exploration company Westhaven Gold Corp. (WHN:TSX.V) announced "additional high-grade gold drill intercepts from its ongoing drill program at its 17,623-hectare Shovelnose gold property." The Shovelnose property is contained...Read More