It's been a long time since I visited Puerto Rico.But I definitely have fond memories of this beautiful island - eating homemade mofongo, drinking too many mojitos, and kicking back on the beach, admiring all the talent.But that was nearly 10 years ago.Sadly, since then, the U.S. territory has been mangled by corruption, hurricanes, and a general sense of bureaucratic defeatism that has wreaked ha...Read More
* Evans says two recent rate cuts are appropriate * Would make further adjustments if needed * Fed will keep focusing on economy despite criticism fromTrump * ECB-Vice President says markets are underpricing hardBrexit (Adds quotes and details from the event in Madrid)By Jes??s Aguado and Jose El?-as Rodr?-guezMADRID, Oct 3 (Reuters) - The outlook for the U.S. economyis "quite good", but...Read More
Although prices for imported hot-rolled coil in the EU have been largely stable over the week to October 3, the market outlook remains gloomy, sources told Fastmarkets.Buyers expect further price reductions due to poor demand in Europe, which resulted in tough competition between European mills and imported material."Competition is tough because mills need orders and demand is poor. In addition, d...Read More
The increase in global freight rates caused by tighter emissions control regulations is putting pressure on steel product exporters already facing reduced demand and falling raw materials and steel prices, Fastmarkets has learned. From January 1, 2020, new International Maritime Organization (IMO) regulations come into force to help reduce air pollution from ships globally. Kno...Read More
Reinforcing bar prices in the United States have resumed their downward trek, propelled by declining ferrous scrap prices, slowing demand in certain regional markets and competitively priced imports. Fastmarkets' assessment for steel rebar, fob mill US was at $30-31 per hundredweight ($600-620 per short ton) on Wednesday October 2, down by 3.9% from $31-32.50 per cwt previously and the lowest...Read More
Prices for steel billet and rebar in Egypt fell in the week to Thursday October 3, on still-limited domestic demand, sources told Fastmarkets.However, Egyptian steel production is expected to increase because of reduced production costs in the country. "Egyptian prime minister Mostafa Madbouly approved the recommendations of a consultancy committee to reduce natural gas prices to some industries -...Read More
Turkish domestic rebar prices have inched down over the past week despite demand remaining limited, sources said on Thursday October 3.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar) domestic, exw Turkey was TRY2,730-2,780 ($478-486) per tonne on Thursday, widening down on the low end from TRY2,750-2,780 per tonne ex-works last week.Domestic...Read More
Gary Christenson, Deviant InvestorWhat Silence?Have you heard loud warnings from Mainstream Media or from official government sources about the following huge problems? No! Official sources and the media are largely silent. They can't/won't discuss our serious problems and prefer the hopium strategy.Gold and Debt: Asia has accumulated thousands of tons of gold. The U.S. has created over $22 tril...Read More
By: Gary SavageLots of erratic whipsawing of traders..http://blog.smartmoneytrackerpremium.comRead More
By: Avi GilburtOriginally published on Sat Sep 28 for our ElliottWaveTrader members: With the various charts we track unable to complete 5 waves up off the low struck two weeks, it would seem that we can count all of those charts as having just completed a corrective rally top, with more pullback likely to be seen. In fact, this is primarily why I have been stressing that I was treating the l...Read More
By: Ira EpsteinGold back to the 18-day moving average, the line in the sand..Read More
Sellers turned gutless Wednesday night after swinging a wrecking ball for most of the day. Shortly before midnight, index futures were trading moderately higher. Usually, prices move at night only when impelled by news that makes buying or selling over short stretches nearly riskless. It wasn't news that sent the Dow Industrials plummeting nearly a thousand points over the last two days, howev...Read More
Turkish steel mills have continued to book deep-sea scrap cargoes for November deliveries, with prices recovering slightly on improving sentiment, sources said on Thursday October 3.A steel mill in the Marmara region booked a European cargo, comprising 20,000 tonnes of HMS 1&2 (75:25), 5,000 tonnes of shredded and 5,000 tonnes of bonus at an average price of $225 per tonne cfr.The price of the HMS...Read More
The increase in global freight rates caused by tighter emissions control regulations is putting pressure on steel product exporters already facing reduced demand and falling raw materials and steel prices, Fastmarkets has learned. From January 1, 2020, new International Maritime Organization (IMO) regulations come into force to help reduce air pollution from ships globally. Kno...Read More
Mike "Mish" Shedlock is a registered investment advisor and representative for Sitka Pacific Capital Management. His articles about the the economy and investing online can be found at Mish Talk. Read More
(Recorded Sep 30, 2019) Why is the Fed rushing emergency injections of $75B per day into the banking system through bond repos, if we are supposedly "not in a crisis?"AlasdairMacleod, head of research at GoldMoney.com, returns to Reluctant Preppers to lay out his analysis that indicates Deutschebank as the most likely target of this extraordinary bailout. Macleod expounds further on what this mass...Read More
What laws are currently in place regarding government power over gold and numismatic and/or certain collectible coins? What legal precedence establishes what is considered "rare and unusual"? How might the past influence the future? The following link is for you to verify and access all the facts, so you can formulate a highly educated opinion.Link to Facts/Slides + Video:https://www.itmtrading.co...Read More
"Your app contains content - or facilitates, enables, and encourages an activity - that is not legal ... Specifically, the app allowed users to evade law enforcement."@Apple assume our user are lawbreakers and therefore evading law enforcement, which is clearly not the case.Continue...Read More
Twitter removed a viral meme posted by the President which poked fun at Joe Biden and his son's business dealings in UkraineContinue...Read More
Pity the guys now running the Fed. They've inherited an economy that requires ever-bigger infusions of new credit and ever-lower interest rates to avoid financial cardiac arrest. Continue...Read More