Economic growth is the tide that lifts all boats.And, as Deutsche Bank noted in a recent report, it is a game changer for health and living standards across the globe.For those who decry the evils of capitalism, make no mistake: It is the one reliable thing that continues to lift people out of poverty and elevate qualities of life.It can be a catalyst for freedom, personal sovereignty, and justice...Read More
Eurasian Resources Group (ERG) is in the process of placing its Chambishi refinery in Zambia on care and maintenance, the company confirmed to Fastmarkets. "We have taken the difficult decision to suspend operations at Chambishi Metals due to the shortage of both copper and cobalt concentrate feedstock material. It was not possible to locate appropriate feedstock in Zambia. We are in the process o...Read More
Further reductions in the domestic output of hot-rolled coil in Europe, combined with the continuing lack of competitive import offers, has been supporting domestic prices in the region, sources told Fastmarkets on Thursday January 23.Fastmarkets' daily steel hot-rolled coil index, domestic, ex-works Northern Europe, was ?,?461.18 ($511.20) per tonne on Thursday, compared with ?,?462.38 per tonne...Read More
With the calendar having shifted to 2020, opportunities and threats abound for steel and steelmaking raw materials markets across the world.In this special report, we take you around the globe to provide you with a...Read More
Fastmarkets is proposing to change the timing in its fob China export HRC index to 4-8 weeks from the current 4-6 weeks.The proposed amendment reflects the changing situation in the region, where steel mills are now booking orders one or two months ahead, instead of around one month in advance.The amended specification will be as follows:MB-STE-0144 - Steel hot-rolled coil...Read More
With the calendar having shifted to 2020, opportunities and threats abound for steel and steelmaking raw materials markets across the world.In this special report, we take you around the globe to provide you with a...Read More
Jordan Roy-Byrne CMT, MFTA The precious metals sector remains in a correction, and as long as the 200-day moving averages hold, a bullish consolidation that began last September.Sure, Gold made a new high and is still holding around the previous high, but the rest of the sector has not confirmed that strength. When Gold is outperforming Silver and the gold stocks, it is not a bullish signal for...Read More
- RambusIn part 2 of this Important Inflection Point For the PM Complex, we'll look at some US dollar charts along with a few important currencies of the world. I don't have to tell you that the US dollar can play a very important role in how the PM complex and commodities in general may perform. Even though it's never a perfect correlation important turning points can appear very close to the...Read More
- Gary Christenson, Deviant InvestorIn the red corner, unpayable debt threatens to crush the US economy, stock and bond markets, and main street Americans.In the green corner, the levitating power of the Fed might save the economy, stock and bond markets, and Wall Street Banks.Red or green? Who wins?Breaking news: Apple stock closed over $315. The S&P 500 Index closed over 3,300 in January....Read More
By: Ira EpsteinGold is in a sideways market since missile day. Holding its 18-dma:Read More
Safe haven demand (due to Chinese corona virus) is supporting gold. I expect a rise in Chinese gold demand during the Chinese New year, if the virus is not contained in the next two weeks. Chinese economy will see a short term hit. More and more Chinese will buy gold out of fear. It is the fear of the unknown that will drive more and more people to gold.Chinese authorities are acting quickly. It...Read More
Domestic prices for rebar and wire rod in Turkey have gone down over the past week amid lower imported scrap values and limited winter demand, sources said on Thursday January 23.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), domestic, exw Turkey, was 2,975-3,030 Turkish lira ($501-511) per tonne, including 18% VAT, on January 23. This was down from the 3,050-3,060 lira pe...Read More
Turkish long steel export prices have continued to fall over the past week in line with softening scrap costs and limited demand, sources said on Thursday January 23.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), export, fob main port Turkey, was $425-430 per tonne on an actual weight basis on January 23, down from the $435-440 per tonne fob of last week.The mills in the c...Read More
For Part 1 of this round table, CLICK HEREFor Part 2 of this round table, CLICK HEREDoubleLine's Jeffrey Gundlach hosts the first annual "Round Table Prime" featuring today's Financial Market Thought Leaders who will weigh in on the economy, Central Bank Policy, global yields, stock markets, opportunities and best investment ideas for 2020. Featured Guests include: Jeffrey Gundlach - DoubleLine, S...Read More
It's no secret that the precious metals markets have been in the dumps for the past 4 - 5 years. It was nearly impossible to raise capital and they were shunned by investors and lenders alike. Now things are looking up. The vibe at the Vancouver Resource Investor Conference was decidedly upbeat and positive. When will gold and silver move higher is the question. Probably sooner rather than later.J...Read More
Max talks to Chris Martenson of PeakProsperity.com about the 'fourth turning,' mass unrest, excessive money printing from the central bank, and gold markets. Link to the book Chris discusses: The Fourth Turning: An American Prophecy - What the Cycles of History Tell Us About America's Next Rendezvous with Destiny Max Keiser is an American broadcaster and film-maker. He hosts Keiser Report, a finan...Read More
While I was at VRIC, Trump was in Davos touting to other world leaders the "unmatched" period of prosperity America is experiencing, thanks to him.Trump claims that nobody benefits more from his presidency than the middle class. In reality, the only people benefitting are the asset owners - the 1%.There are more women than men in the workforce for the first time ever. Housing prices and household...Read More
Egon sees the 2008 Global Financial Crisis as only a 'rehearsal' and that the real economic crisis is not far away. He also expects the gold silver ratio to go down to 30 as a result of silver prices rising three times faster than gold in the coming years.Discussed in this interview:04:54 Gold is the best form of insurance11:27 Swiss attitude towards gold14:55 Switzerland refining LBMA gold bars i...Read More
"At present, there is an obvious increase in the number of patients with fever in the city, and it is true that there are long queues and a shortage of beds in fever clinics."Continue...Read More
Every single health record is going to wind up in these systems. All of them. And they will be used against you. There is nothing in the law to prevent that.Continue...Read More