The United States' steel imports declined by nearly 18% in December compared with the same month in 2018 but rose by 0.5% sequentially.Steel mill product imports totaled 1,409,279 tonnes in the final month of last year, according to preliminary data updated on Monday January 27 by the US Commerce Department's Enforcement and Compliance division. That's down from 1,717,818 tonnes in Dece...Read More
Domestic and import prices for steel rebar in the United Arab Emirates changed over the past week, while demand was moderate because buyers wanted to wait for the direction of prices after China returns from the Lunar New Year holiday, market sources said on Tuesday January 28.The Chinese New Year holiday break began on January 25 and will end on February 2 after the Chinese government ordered an...Read More
Due to the enforced extension of China's Lunar New Year holidays, Fastmarkets will not be publishing the following daily and weekly steel prices on Friday January 31. Steel hot-rolled coil index export, fob main port China, $/tonneSteel hot-rolled coil domestic, ex-whs Eastern China, yuan/tonneSteel cold-rolled coil domestic, delivered Eastern China domestic, yuan/tonneSteel plate domestic, delive...Read More
Mexican steel scrap prices changed little in the week ended Friday January 24, with market participants waiting to see a clearer definition of the international price trend.Until the previous week, Mexican prices had shown consecutive price rises, but this was interrupted by a shift in the global trend for the raw material.Fastmarkets' weekly assessment of the steel scrap No1 heavy melt consumer b...Read More
The Turkish deep-sea scrap import markets have remained quiet since yesterday, with both sellers and buyers holding back from the markets, sources said on Tuesday January 28.The mills in Turkey have booked only two deep-sea cargoes in the past two weeks because of the sluggish rebar and billet markets in the country.Late on January 22, a steel mill in the Iskenderun region booked a UK cargo compri...Read More
Saturday marked the Chinese Lunar New Year, a time when as many as 400 million people ordinarily travel to visit family and go on vacation. Before the coronavirus struck, 3 billion trips were estimated to take place during the 16-day celebration, while some 79 million passengers were expected to take flights, up more than 8 percent from 73 million a year earlier. The new Daxing International Air...Read More
Stewart Thomson, Graceland Updates 1. The question most gold bugs are probably asking themselves right now is this: How high must gold bullion go before the gold stock ETFs stage their own key breakouts and rally alongside gold?2. The answer, quite simply, is: Higher than the price is today. Disappointment and surprise are part of investing. 3. So is diversification, a...Read More
Dave KranzlerThe mortgage regulators are stretching the removal of mortgage qualifications to the limit in an effort to keep the housing party going. The Consumer Financial Protection Bureau (CPFB) is recommending the removal of the DTI as a factor in qualified mortgage underwriting. Ironically, tighter mortgage finance regulations were the purpose for the formation of the CPFB in the first pl...Read More
Rob KirbyA very short preamble to what follows is this: Frank Veneroso did foundational work that led to the creation of GATA [Gold Anti-Trust Action]. Frank Veneroso's utterances in this regard originated from information fed to him back in the 1990's about gold lending and swapping via Central Banks and Bullion Banks by Bank of England gold head - Terry Smeeton. Bill Murphy had intimate...Read More
By: Ira EpsteinGold in a saucer-pattern. Swing-lines, bias is up as price remains above the 18-dma. Read More
Gold and silver fell yesterday (from the day's high) after USA opened as traders booked profit on long positions. Traders have started ignoring the corona virus and started focusing on other economic issues and political issues. FOMC meet tomorrow can have surprises in light of Chinese corona virus. Corona virus can have a very big impact on Chinese consumer spending in February. Industrial meta...Read More
"It's time to sell. We are totally out of stocks. . . . There is a difference between insiders and small investors. Small investors are upset if they miss another two or three percent to the upside, while the big investor is afraid they can lose 40% to the downside. I am afraid they can lose 40% to the downside. I am standing aside unless I see something totally different."Charles Nenner founded,...Read More
Bob Moriarty the founder of the websites 321gold.com and 321energy.com sits down with Maurice Jackson of Proven and Probable to discuss geopolitics, bursting bubbles, and some unique buying opportunities for speculators. Hear from one the most highly regarding minds, as he shares his thoughts on the impeachment trial of President Trump, and the impacts that it may have domestically as well as glob...Read More
For Parts 1 & 2 of this video series, CLICK HEREFor Part 3 of this video series, CLICK HEREFor Part 4 of this video series, CLICK HEREThe coronavirus has all the hallmarks of a true Black Swan event. In addition to presenting a major public health risk, the coronavirus is already doing serious economic damage. China, the world's second-largest economy, is essentially "closed for business" right no...Read More
"Silver is an internationally recognized, easily-transportable method of value whether we like it or not.""I certainly own silver - I bought more recently - and I'll continue to buy."Jim Rogers co-founded the Quantum Fund with George Soros in 1973, helping to steer the fund to a 4200% return before "retiring" at age 37. He is considered to be one of the greatest investors of all time. Rogers has m...Read More
"There's going to be a lot more buying of gold in the future."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,...Read More
"You elitists, with your geography and your maps and your spellin'." "Your math and your readin!'" "Yeah, your readin', your geography, knowing other countries, sipping your latte," Continue...Read More
"YouTube has been driving millions of viewers to climate misinformation videos every day, a shocking revelation that runs contrary to Google's important missions of fighting misinformation and promoting climate action," Continue...Read More
We're almost out of physical palladium, and the market's set-up the same way with gold & silver! Craig joins Silver Doctors today to discuss that and a whole lot more.Some of the topics in today's discussion include:- What's on Craig's radar the most right now?- Is the United States turning into Japan in regards to interest rates?- What's going on with gold, silver and the precious metals, and wil...Read More
Trading activity in the seaborne iron ore market was muted on Tuesday January 28 with markets in China closed for a week-long public holiday for the Chinese New Year, which has been extended until Sunday in light of the coronavirus outbreak in the country. Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $93.71 per tonne, unchanged 62% Fe Pilbara Blend fines, cfr Qingdao: $92.75 per tonne, u...Read More