Domestic and import prices for steel rebar in the United Arab Emirates increased slightly over the past week amid moderate demand, market sources said on Tuesday December 24.Market participants in the UAE believe the increases may continue if raw materials prices keep rising.Local rebar producers announced new prices on December 19.Billet importsBillet was offered at $450-470 per tonne cfr, but no...Read More
China's domestic rebar prices and futures dropped on Tuesday December 24 amid heightened expectations of some form of financial stimulus to be implemented by the Chinese government soon. Eastern China (Shanghai): 3,750-3,780 yuan ($535-539) per tonne, down 50 yuan per tonneNorthern China (Beijing): 3,500-3,530 yuan per tonne, down 20-30 yuan per tonneChinese Premier Li Keqiang said on Monday that...Read More
Ferrous scrap prices in Mexico maintained their upward trend this week, with sellers gradually applying price changes in response to a stronger market in the United States.At least one major steelmaker in Monterrey city increased its prices, according to several sellers. The move was initially reported by a scrap dealer in the middle of last week and later confirmed by other market parti...Read More
The Turkish deep-sea scrap import market was quiet on Tuesday December 24 due to the Christmas holiday period in Europe and the United States, market sources said.The most recent deep-sea cargo was booked on Friday December 20 at $303 per tonne cfr for HMS 1&2 (80:20) from the Baltic Sea region.Read More
Seaborne iron ore prices largely softened on Tuesday December 24 amid low buying interest, given cheaper alternatives in the port market.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $91.03 per tonne, down $0.30 per tonne.62% Fe Pilbara Blend fines, cfr Qingdao: $90.12 per tonne, down $0.30 per tonne.62% Fe low-alumina fines, cfr Qingdao: $91.39 per tonne, up $0.06 per tonne.58%...Read More
Iranian billet producers set high targets for a new round of export sales this week, seeking $405-407 per tonne fob, spurred on by last week's higher sales prices, sources told Fastmarkets on December 24.Last week, several bookings of the material scheduled for shipment in February were concluded at around $398-402 per tonne fob Iranian ports, while this week market sources reported few more...Read More
Domestic and import prices for steel rebar in the United Arab Emirates increased slightly over the past week amid moderate demand, market sources said on Tuesday December 24.Market participants in the UAE believe the increases may continue if raw materials prices keep rising.Local rebar producers announced new prices on December 19.Billet importsBillet was offered at $450-470 per tonne cfr, but no...Read More
David HaggithThis little monster that feeds beneath the surface of global banking at its core briefly raised one ugly eye out of the water as 2018 turned into 2019. I wrote back then that the interest spike we saw in the kind of overnight interbank lending known as repurchase agreements (repos) was just the foreshock of a financial crisis being created by the Fed's monetary tightening. I said th...Read More
Joseph T. SalernoThe flood of obituaries that noted the passing of Paul Volcker (1927-2019) last week have almost all lauded his achievement as Fed chair (1979-1987) in reining in the double-digit inflation that ravaged the US economy during the 1970s.Volcker was referred to as the "former Fed chairman who fought inflation" (here); "inflation tamer" and "a full-fledged inflation warrior" (here...Read More
- Clint Siegner, Money MetalsZero Interest Rate Policy (ZIRP) was considered "extraordinary" when central bankers rolled that out roughly ten years ago. At that time, people would still have laughed at the idea of negative interest rates. Lenders didn't pay borrowers and nobody paid their bank to hold their deposits.So much has changed in the past 10 years. Now negative interest rate policies (N...Read More
StrengthsThe best performing metal this week was silver, up 1.57 percent with money managers raising their net long position by about 20 percent. The number of gold bulls outnumbered the bears for a third straight week, according to the Bloomberg survey of gold traders and analysts. Turkey increased its gold reserves overall in the month of November to 18.16 million ounces, up from 17.79 milli...Read More
Gold and silver are bullish at the moment and can rise further. The more the rise, the more will be short covering and increase in long positions. This a golden Christmas for gold bulls but not so golden Christmas for the masses. Central bank are eating away are hard earned by using inflation as a policy measures for decision making. Inflation is nothing but price rise. Salaries are stable for m...Read More
China's domestic rebar prices and futures dropped on Tuesday December 24 amid heightened expectations of some form of financial stimulus to be implemented by the Chinese government soon. Eastern China (Shanghai): 3,750-3,780 yuan ($535-539) per tonne, down 50 yuan per tonneNorthern China (Beijing): 3,500-3,530 yuan per tonne, down 20-30 yuan per tonneChinese Premier Li Keqiang said on Monday that...Read More
Michael Krieger from LibertyBlitzkrieg.com joins SGT Report to discuss what the elites fear most, the complete loss of control over their NWO narrative, thanks in no small part to Donald J. Trump. They also talk about the economy, the Fed, REPO and the future of the United States of America.Read More
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Gerald Celente is a pioneer trend strategist and founder of The Trends Research Institute. He is the author of the national bestseller Trends 2000: How to Prepare for and Profit from the Changes of the 21st Century and publisher of the internationally circulated Trends Journal newsletter. Gerald Celente is a political atheist. Unencumbered by political dogma, rigid ideology or conventional wisdom,...Read More
"The specific US actions are a serious violation of the international consensus on the peaceful use of outer space, undermine global strategic balance and stability, and pose a direct threat..."Continue...Read More
The accused company is "currently working with Facebook to resolve the issue."Continue...Read More
Continue...Mohamed El-Erian is the Chief Economic Adviser of Allianz, a multinational financial services company. He is the former CEO and co-Chief Investment Officer of PIMCO, a global investment firm and one of the world's largest bond funds in the world. Dr. El-Erian also served as a member of the faculty of Harvard Business School. Before joining PIMCO, Dr. El-Erian was a managing director at...Read More
In this episode of the Keiser Report from Buenos Aires, Max and Stacy celebrate Christmas Eve with a look back at the biggest stories and trends of 2019. Deglobalization and Deglobalization roared ahead in the year as central banks started stockpiling and repatriating gold. It was also a year that was almost the opposite of 2018 in that going long almost anything performed well: from stocks to bon...Read More