Northern China's Puyang Iron & Steel (Puyang Steel) plans to add 1.37 million tonnes per year of iron-making capacity and 1.52 million tpy of crude steel capacity in December 2021, according to Hebei Provincial Industry & Technology Information Department. New facilities: one 1,580-cubic-meter blast furnace, one 140-tonne converterConstruction start date: March 2020Location: Handan city,...Read More
The latest bids, offers and deals in the global markets for rebar, wire rod, steel beams and other long steel products. Latest transaction: rebarRebarEast China, domestic, grade III...Read More
Seaborne iron ore prices weakened further on Thursday December 26 with late-January-loading cargoes of Pilbara Blend materials traded at discounts to indices.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $90.63 per tonne, down $0.40 per tonne.62% Fe Pilbara Blend fines, cfr Qingdao: $89.72 per tonne, down $0.40 per tonne.62% Fe low-alumina fines, cfr Qingdao: $90.61 per tonne, down $0.78...Read More
China's domestic rebar prices dropped further in the morning of Thursday December 26 on weak demand, though they recovered in the latter part of the day due to rising futures. Eastern China (Shanghai): 3,610-3,660 yuan ($516-523) per tonne, down 20-40 yuan per tonneNorthern China (Beijing): 3,480-3,520 yuan per tonne, down 10-20 yuan per tonnePrices in eastern China dropped to 3,610-3,630 yuan per...Read More
Dave KranzlerPrecious metals investors may be getting an unexpected Christmas present this year, beginning with the sudden $25 jump in gold on Tuesday and Wednesday. From what I'm hearing, a shortage of physically deliverable gold is developing in London. In fact, Alasdair Macleod and Egon von Greyerz have both alluded to this development.The action this past week fits the information. Given the...Read More
Stewart Thomson, Graceland Updates 1. Massive upside breakouts are taking place across the precious metals sector. Many mining stocks, especially silver-oriented, are skyrocketing.2. Unfortunately, I believe most investors who are Trump fans have become over-obsessed with the relatively minor but media-promoted gains in the US stock market, and they are missing out.3. Please...Read More
Dear Friend of GATA and Gold:For most of this decade owning gold and gold-related investments has required the patience of Job, and the sector is so obscure that it is hard to be sure of anything. But for months now the unusual developments have been piling up so much that it may be possible to regain some optimism.There are indications of a shortage of metal not just at the New York Commodities...Read More
There is short covering in Asia and more short covering will be there in Europe and USA once traders get over Christmas hang over. If you short in gold and silver and are drunk after the celebration, I am you will be back to normal within a few seconds after seeing price. China is taking measures to spruce its economy. China is taking measures for a trade deal to happen with USA. Europeans are b...Read More
Northern China's Puyang Iron & Steel (Puyang Steel) plans to add 1.37 million tonnes per year of iron-making capacity and 1.52 million tpy of crude steel capacity in December 2021, according to Hebei Provincial Industry & Technology Information Department. New facilities: one 1,580-cubic-meter blast furnace, one 140-tonne converterConstruction start date: March 2020Location: Handan city,...Read More
The only thing nearly as enlightening as reading David Collum's epic Year In Review is listening to him and Chris Martenson riff about its highlights.Strap in, grab some eggnog, and listen to this year's recap:We are so close to a financial crisis now that we may be way, way past the fail-safe.We've got all these unfunded liabilities that we have to pay or face the consequences of - and they are f...Read More
Known primarily by his nickname "Turd Ferguson," Craig Hemke is the founder and editor of the popular TF Metals Report blog and podcast, covering precious metals, the financial markets, and greater economic trends.Read More
An app created to track the attendance of 'less academically inclined' college athletes is under fire, after over 40 schools have begun using the technology to monitor Continue...Read More
"CBC TV in Canada has cut Donald Trump's Home Alone 2 cameo out of their broadcast," tweeted Ryan Fournier. "They're so triggered by him that they had to edit him out of the film. Absolutely pathetic."Continue...Read More
Macron of France is pushing hard to Federalize Europe because he knows full well that France cannot maintain the level of social benefits and still keep its spending in line with the European treaty.Continue...Read More
God bless Paul Volcker. He was truly a one of a kind central banker, and we probably won't see another one like him ever again. It took his extreme bravery to crush the inflation Continue...Read More
You've got to hand it to these people- Congress really knows how to bring out the holiday cheer. They have some sort of pathological need to pass the most absurd legislation at Continue...Read More
The S&P 500 has risen more than 50% since Trump was elected, which is over double the 23% average market return of presidents three years into their term.Continue...Read More
One year after China did not import even one ounce of US soybeans as the trade feud was escalating at the end of 2018, in November 2019, China Continue...Read More
Continue...Todd Horwitz - known as Bubba - is chief market strategist of BubbaTrading.com. He is a regular contributor on Fox, CNBC, BNN, Kitco, and Bloomberg. He also hosts his daily podcast 'The Bubba Show.' He is a 36-year member of the Chicago exchanges and was one of the original market makers in the SPX.Read More