In 1909, Mark Twain said, "I came in with Halley's comet in 1835. It is coming again next year, and I expect to go out with it. It will be the greatest disappointment of my life if I don't. The Almighty said, no doubt: 'Now here are these two unaccountable freaks; they came in together, they must go out together.'" Twain died on April 21, 1910, the day after the comet returned.Of course, Twain los...Read More
Steel demand in North Africa is projected to grow by around 3% in the coming year to 23.5 million tonnes, delegates were told at Fastmarkets' Middle East Iron & Steel Conference in Dubai on December 9-11.Ramy Saleh, the chief business development officer at Egypt's El Marakby Steel cited gross domestic product and population growth as the main drivers of steel demand in the region, which, accordin...Read More
The European steel industry has welcomed the European Commission's recently launched European Green Deal although further policy and support are required to ensure competitiveness.The European Union plans to be the first climate-neutral continent by 2050 through key policies to cut emissions and invest in research and innovation for green technologies. The decarbonization and modernization of ener...Read More
Some overseas buyers have raised their bid prices for hot-rolled coil from China amid tighter global supply, although domestic Chinese prices were stable on Thursday December 19.DomesticEastern China (Shanghai): 3,870-3,880 yuan ($552-554) per tonne, unchangedNorthern China (Tangshan): 3,640 yuan per tonne, unchangedTrading nationwide was moderate on Thursday, which kept prices stable.A...Read More
Here are five Fastmarkets MB stories you might have missed on Thursday December 19 that are worth another look.What's in store for the steel and scrap markets in 2020?Most copper scrap discounts in the United States increased as the Comex copper price continued to strengthen week on week.Spot market prices for alloy-grade and standard-grade cobalt diverged in the first half of the week.Two weeks o...Read More
Brazilian apparent steel consumption dropped by 2.1% year on year in November, as an increase in long-steel demand was not enough to offset a quick decline reported for flat-rolled products, national steelmakers' association Instituto A??o Brasil said on Thursday December 19.Steel consumption totaled 1.72 million tonnes during November, down from 1.76 million tonnes a year before.Flat-steel use wa...Read More
Prices for steel reinforcing bar in the United States ticked up following increase announcements from several domestic mills, and sources expect that uptrend will continue next year if ferrous scrap values move up as anticipated in the January 2020 trade.Fastmarkets assessed the price for steel reinforcing bar (rebar), fob mill US at $29.50-30.50 per hundredweight ($590-610 per short ton) on...Read More
Turkish steel mills have continued to stay away from the deep-sea scrap markets on Thursday December 19 and are focusing on finished steel sales, participants told Fastmarkets.Mills in the country went quiet earlier this week after booking two deep-sea cargoes at steady prices of $299-300 per tonne cfr for Baltic Sea-origin HMS 1&2 (80:20).The offers for deep-sea scrap then increased to $305-310 p...Read More
The European steel industry has welcomed the European Commission's recently launched European Green Deal although further policy and support are required to ensure competitiveness.The European Union plans to be the first climate-neutral continent by 2050 through key policies to cut emissions and invest in research and innovation for green technologies. The decarbonization and modernization of ener...Read More
Gary TanashianThe Continuum (the systematic downtrend in long-term Treasury yields) has for decades given the Fed the green light on inflation. Sometimes it runs hot (as per the red arrows) and sometimes it runs cold. One year ago people were confused about why a declining stock market was not influencing Fed chief Powell to reverse his relatively hawkish tone.The orange arrow shows exactly why,...Read More
By: Ira EpsteinGold's latest technicals, resistance areas where bulls need to take out to get more interest going:Read More
Gold and silver are unchanged after majority of lawmakers in the U.S. House of Representatives voted to impeach Trump. In my view, gold and silver will remain firm due to Trump and his impeachment related news. Only some yearend profit taking in gold can result in a sell off. Exceptional year end US economic data release can also result in a selloff in gold. One needs to be ready to trade and ma...Read More
Seaborne iron ore prices experienced a slight uptick on Thursday December 19 amid ferrous futures gains in China.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $93.77 per tonne, up $0.57 per tonne.62% Fe Pilbara Blend fines, cfr Qingdao: $92.86 per tonne, up $0.57 per tonne.62% Fe low-alumina fines, cfr Qingdao: $93.66 per tonne, up $0.54 per tonne.58% Fe fines high-premium, cfr Qingdao: $...Read More
The second edition of Martin's seminal work Manipluating the World Economy has just been released. We sat down with Martin for a long interview on economic history and how we got where we are today. We will take questions for Martin on our follow-up interview next month. Please send them to [email protected] We will answer all. Sit back, relax and listen to the way things really are from someone...Read More
Interview source: http://financialrepressionauthority.c...Yra Harris is a trader with over 32 years of experience in all areas of commodity trading, with broad expertise in cash currency markets. He has a proven track record of successful trading through combination of technical work and fundamental analysis of global trends; historically based analysis on global hot money flows. He is recognized...Read More
Markets will be roiled next year by a new "world disorder", the likes of which we've never seen before, this according to Gerald Celente, publisher of The Trends Journal."People are up in arms, the world's on fire, and what's it all about, mostly? Income inequality, corruption, violence, I've never seen anything like this before. It's the new world disorder," Celente told Kitco News.Gerald Celente...Read More
Topics include: whats up with the fed and the repo rates, the violence of economic collapse, vital to be prepared, the failure of central banking, ballooning government deficits, devaluing the currency, hyperinflation, modern monetary theory, obscene military expenditure, loss of liberty, the massive growth of the liberty movement, Ron Paul at Anarchapulco 2020Jeff Berwick is the founder of The Do...Read More
*This interview was filmed on October 10, 2019Marin Katusa, founder of Katusa Research, explains why he calls negative interest rates a "financially transmitted disease." He reveals how negative interest rate policy (NIRP) affects savings rates and the rest of the global economy. He talks about the potential for further negative rates around the world, as well as the prospects for NIRP in the Unit...Read More
Russia's President Putin has again issued an urgent warning related to the upcoming expiration of Strategic Arms Reduction Treaty, New START, set to expire in early 2021. The appeals from Moscow Continue...Read More
How can the same houses go up far faster than inflation for decades, and that possibly be good for an economy? It only benefits older people who bought earlier, and the affluent who buy the most expensive ones that tend to bubble the most.Continue...Read More