Pig iron exporters in the south of Brazil have resumed sales activity after a month-long silence, although the price has gone down because of low demand in response to falling scrap prices.Fastmarkets' weekly price assessment for pig iron, export, fob Vitorio/Rio, Brazil, was $275-280 per tonne on Friday September 27, down from $285-300 per tonne last week.Over the week, suppliers sold several car...Read More
The inter-merchant spot market for UK light iron scrap fell again during the week ended Friday September 27 after briefly stabilizing the week before, with shredders cutting their offer prices and smaller suppliers matching that move.The market is expecting further price losses in the near term due to weaker steel sector demand, as well as lower prices in European export markets to Turkey and the...Read More
Global scrap prices continued to fall in all of the major markets during the working week from Monday September 23 to Friday September 27, because of the limited demand for finished steel and widespread negative sentiment. Turkey booked more cargoes for November, prices down Cheaper Turkish cargoes drove down US prices on both coasts Price fall continuds in Southeast Asia amid bearish sentiment Tr...Read More
Indian domestic secondary billet prices in the week ended Friday September 27 fell by 600 rupees ($8) per tonne on subdued buying by finished product makers.The price of steel billet, domestic, ex-works India, assessed by Fastmarkets on September 27, was down by 600 rupees per tonne to 26,500-26,700 rupees ($374-377) per tonne compared with last week's assessment at 27,100-27,300 rupees per tonne....Read More
Steel billet prices in the CIS region decreased slightly in the week to Thursday September 26 after last week's rebound, because of the resumed weakening of scrap prices in Turkey.Several billet cargoes were reported sold to Asia and Egypt at prices of less than $360 per tonne fob Black Sea, Fastmarkets learned.Fastmarkets' daily steel billet index, export, fob Black Sea, CIS was $357 per ton...Read More
Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 370,39357,94961,489163,585508,730595,467628,168 Change from Prior Reporting Period 28,882-963-3,89357727,32325,56622,467 Traders 22068775253299174 Small Speculators LongShortOpen Interest 63,47730,776658,944 2,3885,48727,954 non reportable...Read More
The gold miners' stocks have largely ground sideways in the last couple months, consolidating their big mid-summer gains. That drift is slowly bleeding away greedy sentiment, but this sector remains really overbought. Gold stocks' dominant driver gold is even more overbought, and still facing a massive gold-futures-selling overhang. This makes October, gold stocks' weakest month seasonally...Read More
By: Ira EpsteinGold daily chart: sideways market. Should gold get under $1,492, this market could get very ugly, very fast. If it doesn't do that then what?Read More
By: Gary SavageThe Odds Are Very High That the Daily Cycle Has ToppedRead More
We've been monitoring Apple shares closely because they look very likely to rise at least 10% above their current $220 price before bulls are spent. AAPL is a powerful engine for the bull market, and a big rally in the stock would all but ensure that the broad averages get dragged higher or at least remain buoyant. The chart shows another reason why it may be premature to bet against the aging...Read More
Southeast Asian steel billet prices tumbled in the week to Friday September 27 because of a supply glut in the region after producers in various countries lowered their offer prices to entice buyers, market sources told Fastmarkets.Southeast Asia remains the most active billet import market with buyers continuing to book cargoes while demand from other parts of the world softens, a trader in South...Read More
Since debt was created, the Repo Man was there to handle defaulting debtors. There's a new Repo Man in town and that's the Federal Reserve. They are there to turn bank's paper into cash and bank's cash into paper. Since 1917, it all worked very well except for a few noteworthy events, like 9/11 and 2008, when the markets seized up. Now it's happening again. Why is there no liquidity? Where did all...Read More
The markets aren't reacting & they should be, says Harry Dent. As the nation faces more political upheaval we should be seeing an economic equivalent, and the fact that we're not is very concerning. Tune in for his political prognosis as the wealth effect wanes. Harry Dent is a Fortune 100 consultant, new venture investor, noted speaker, bestselling author, and the founder and senior editor at Den...Read More
Eric Sprott discusses the impact that quarter end and options expiration is having on the gold price but looks forward to higher prices in the weeks ahead.Eric Sprott has more than 40 years of experience in the investment industry. In 1981, he founded Sprott Securities (now called Cormark Securities Inc.), which today is one of Canada's largest independently owned securities firms. In 2001, Eric e...Read More
From the midst of the ongoing crypto revolution, one of its main ideologists tells RT that outdated models are going to disappear, giving way to the ultimate promise of the internet - freedom of speech, commerce and finance."You see that monopolies are trying to get more control over content. We need to have technologies that can circumvent and avoid monopolies because... their greed and their lob...Read More
"I decided to research Trump and Brady's public performances of their white masculinities and how they connect with broader debates about race and gender politics after a Continue...Read More
Onar is a Norwegian author who has written extensively on politics, technology, and science. He has a mathematics and physics background and has been a technological entrepreneur for twenty years, working in aContinue...Read More
Stock prices are high and fairly stable, while interest rates are low and fairly stable. A casual observer might infer from this that the global financial markets are experiencingContinue...Read More
David Morgan is a world-renown precious metals aficionado. He is the creator of TheMorganReport.com, a monthly report that covers economic news, overall financial health of the global economy, currency problems and the key reasons for investing in precious metals. A dynamic, much-in-demand speaker all over the globe, David's educational mission also makes him a prolific author, having penned Get t...Read More