Hot-rolled coil prices in the United States have shot above $37 per hundredweight ($740 per short ton) for the first time in nearly two years on a supply-chain squeeze potentially made worse by rising Covid-19 infections, market participants said.Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $37.25 per cwt ($745 per ton) on Thursday November 19, up by 1.7% from...Read More
Domestic European prices for hot-dipped galvanized coil increased over the week to Wednesday November 18, due to a combination of low availability, solid demand and a lack of imports, sources told Fastmarkets this week.Fastmarkets' weekly price assessment for steel HDG, domestic, exw Northern Europe, was ?,?630-645 ($748-765) per tonne ex-works on Wednesday, up by ?,?15-20 per tonne from ?,?610-63...Read More
Here are five Fastmarkets stories you might have missed on Thursday November 19 that are worth another look.Commodity traders have long forecast that there would be consolidation in their own industry, and in some of the world's biggest centers for metals business that has already...Read More
Reinforcing bar steel prices in the United States continue to hold firm on Wednesday November 18, but some market participants anticipate a scrap-driven price increase could be announced Fastmarkets' assessed steel rebar, fob mill US at $29.75 per hundredweight ($595 per short ton) on November 18, unchanged since September 16. US overviewThe domestic market is stable to trending up, sources said,...Read More
Brazilian flat and long steel import volumes dropped in October 2020, compared with the corresponding month a year earlier, according to figures released by the country's economy ministry earlier this month.Imports of flat steel products fell by 45.71% year-on-year to 69,930 tonnes, from 128,816 tonnes.Brazil did not import any volumes of hot-rolled coil (HRC) from Russia or China in October. Impo...Read More
Here are five Fastmarkets stories you might have missed on Thursday November 19 that are worth another look.Commodity traders have long forecast that there would be consolidation in their own industry, and in some of the world's biggest centers for metals business that has already...Read More
How can we make sense of the election, and can President Trump still win it with the legal challenges? Jim Willie joined Silver Doctors on Thursday, November 19, 2020, for a robust discussion on that and a whole lot more. Only a month ago, Trump was a shoo-in for reelection, and then on election night, everything just kind of stopped, and eventually, the AP called the Presidential race for Joe Bid...Read More
Forecaster Martin Armstrong says we are witnessing a deliberate attempt to take over the world through the World Economic Forum's "Great Reset" which seeks to install global Communism 3.0. It merges three ideologies: Bill Gates being a symbol of the eugenics and depopulation program, George Soros' "Open Society" a key driver of the one-world government, and Klaus Schwab a Marxist at heart who has...Read More
We can't report on the vaccine results yet because - no data! Just cheery press releases. But we can say that The Lancet was caught running a letter from "prominent scientists" that was actually the brainchild of Peter Daszak's organization. So, terrible, awful optics on that.Links:WaPo on Virus Origin: https://www.washingtonpost.com/opinio...Christopher Martenson is a former American biochemical...Read More
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 firm. Michael has also created ETFs and UITs that were sold throughout Wall Street. Earlier in his career, he worked on the floor of the NYSE. He i...Read More
What is the 'Great Reset' currently being touted by technocrats across the globe? Is this something new, or have the plans been in place for a long time? What does it all mean? "You're going to play this game whether you want to or not...you are either going to be a victim or a beneficiary. There are only two sides to this, it's a binary outcome." - Mike Maloney. Jeff Clark is editor and lead writ...Read More
Rick Rule, President and CEO of Sprott U.S., shares with our Daniela Cambone his thoughts on the current state of the gold market. While he warns against "backing up the truck" just yet, Rule explains how he is overweight his 40-year average and why he recently upped his gold exposure considerably in the mining sector. The successful investor also reveals the piece of advice that took him from bei...Read More
All roads lead to GoldWith this phrase Ronald goes into detail on his most recent big presentation. It's a Macro update with multiple main topics. One of these is most definably inflation. On this we are currently also writing a special report which will be published soon. One of the next big topics was where we are currently in the cycle for gold but also bitcoin. The debt crisis will come next a...Read More
0:00 Introduction1:34 Tax-loss selling season2:41 $1,800 gold price floor3:27 Gold price to use for mining project economic studies4:40 Bear Creek Mining Corp.5:32 Endeavour Mining buying out Teranga Gold7:36 Investing in African miners9:52 Finding value in junior mining stocks now12:18 Analyzing fundamental valuation for a junior exploreco14:46 Discussing copper16:28 Discussing uranium juniorsIn...Read More
Talking Points From This Episode- Investing vs. Speculating- Dollar being destroyed.- Commodities are cheap.- Gold mining business risks.- Uranium thoughts.Time Stamp References:0:00 - Introduction1:06 - Investor Vs. Speculator3:25 - Cheap Gold4:42 - USD Global Risk6:32 - Commodities are Cheap8:07 - When to exit gold9:13 - Final Gold Bull Market?11:09 - Mining Stocks and Risk13:30 - Silver compare...Read More
TOPICS IN THIS INTERVIEW:-Digesting the gains of gold and silver.-Power technical chart patterns.-Bitcoin, markets will determine its validation.-The destruction of money and morality.David Morgan is a world-renown precious metals aficionado. He is the creator of the Silver-Investor.com website and The Morgan Report, a monthly report that covers economic news, overall financial health of the globa...Read More
This is a special episode of the Miles Franklin "Mugs and Metals" where we interview the top interviewers and reporters in the metals space. With us today is: Andy Schectman, Dunagun Kaiser, Patrick Vierra, David Morgan, Hunter Riley III, Chris Marcus, Craig Hemke, and Kerry Lutz. Hosting are Elijah K. Johnson and Kaiser Johnson. We unpack the election and its impact on the metals markets. Andy Sc...Read More
SBTV's latest guest is Alasdair Macleod, Head of Research at Goldmoney. We discussed the rise of zombie banks in Eurozone and the devastating fallout of the impending collapse of the debt-laden TARGET2 settlement system on the rest of the world.Discussed in this interview:00:00 Introduction01:53 Closing of the gold window in 1971 was a system failure04:56 Weak money: The root of all economic & soc...Read More
Emails obtained by U.S. Right to Know show that a statement in The Lancet authored by 27 prominent public health scientists condemning "conspiracy theoriesContinue...Read More
Its just another bad flu, and you've got to get your minds around that...I am absolutely outraged that this has reached this level. It should stop tomorrow.Continue...Read More