Adjustments to EU safeguard measures will "stabilize trade flows by containing import concentrations from certain exporting countries," the European steel association Eurofer said on Tuesday October 1.Although the changes will result in improvements, "the result is still not sufficient for a large part of the sector, especially given that it is facing depressed domestic steel demand," Eurofer said...Read More
Flat steel import prices into the United Arab Emirates and Saudi Arabia remained stable this week on continuing limited demand, sources told Fastmarkets on Tuesday October 1.Buyers did not want to book large tonnages before prices hit a market bottom and end-user demand began to improve, they said.UAEOffer prices for hot-rolled coil (HRC) from China were heard at $450-460 per tonne cfr this week,...Read More
Here is what's new today on INK Ultra Money. Exisiting Canadian Insider Club members can upgrade for the special rate of $99.99 per year (plus tax) via the account settings tab after logging in.1. Ominous Clouds Forming in Chinese Data - Real Vision (Ultra subscriber content)China's recent economic numbers are the second worst in its history! Leland Miller, CEO of China Beige Book, argues this us...Read More
Adjustments to EU safeguard measures will "stabilize trade flows by containing import concentrations from certain exporting countries," the European steel association Eurofer said on Tuesday October 1.Although the changes will result in improvements, "the result is still not sufficient for a large part of the sector, especially given that it is facing depressed domestic steel demand," Eurofer said...Read More
CIS export rebar and wire rod prices remained unchanged in the week to Monday September 30 due to a lack of trading activity."Everyone is waiting to see more drops in the market in the next couple of weeks, [so] customers [are holding] back bookings," one trader said.CIS rebar was on offer to foreign customers at $405-410 per tonne fob, sources told...Read More
Import and domestic prices for steel rebar in the United Arab Emirates fell this week because of soft demand, sources said on Tuesday October 1.The new reduced domestic rebar prices for the month were announced on September 26.Billet importsBillet was on offer from Oman at about $405 per tonne cpt, and $390-400 per tonne cfr from India.One deal for 5,000 tonnes was...Read More
The Turkish steel producers have continued their deep-sea purchases for November shipments, sources said on Tuesday October 1.A steel mill in the Marmara region booked a 32,000-tonne US-origin cargo, comprising HMS 1&2 (80:20) at $226 per tonne, shredded at $231 per tonne and bonus at $236 per tonne cfr. The cargo composition, however, was not clear at the time of...Read More
Seaborne iron ore prices were flat on Tuesday October 1 at the start of the week-long public holiday in China.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $93.38 per tonne, unchanged.62% Fe Pilbara Blend fines, cfr Qingdao: $92.91 per tonne, unchanged.62% Fe low-alumina fines, cfr Qingdao: $91.72 per tonne, unchanged.58% Fe fines high-premium, cfr Qingdao: $82.28 per...Read More
Some major Chinese scrap importers have stopped buying from overseas over fears of not receiving quotas for the fourth quarter of 2019, leading them to postpone deliveries until March next year after Lunar New Year, Fastmarkets has learned. Many buyers in Ningbo province, a major destination for No2 copper scrap imports to China, have already used up their quotas assigned earlier and some of them...Read More
CIS export billet prices continued to slide as several new bookings were closed with discounts,sources told Fastmarkets on Tuesday October 1."The major issue today is not even scrap, but low finished long still prices and reduced demand for them," one trader said.Late last week a cargo of October-rolling billet from Russia was...Read More
Import and domestic prices for steel rebar in the United Arab Emirates fell this week because of soft demand, sources said on Tuesday October 1.The new reduced domestic rebar prices for the month were announced on September 26.Billet importsBillet was on offer from Oman at about $405 per tonne cpt, and $390-400 per tonne cfr from India.One deal for 5,000 tonnes was...Read More
David HaggithThe Great Recession never ended. I say that because the deep economic flaws that caused it were never corrected. All recovery efforts since merely clouded our eyes to the problems growing larger around us, even making them worse, and now we are going back into the belly of the Great Recession.The recovery was all a prop, which is why I call it a fake recovery. In September, we enter...Read More
Clive Maundoriginally published Sunday, September 29, 2019Whilst we are in complete agreement with Egon Von Greyerz of GoldSwitzerland, about the exceptionally positive mid and long-term outlook for gold and silver which will soar as the monstrous global debt bubble implodes, there is the small matter of what will happen to them when the debt junkies go "cold turkey" if there is a sudden liqui...Read More
Clint SiegnerGold and silver investors have been watching the Department of Justice investigation of criminal price rigging at JPMorgan Chase and other bullion banks carefully. Several crooked traders have pled guilty to "spoofing" the markets and more have been indicted.The DOJ has even suggested the banks have been engaged in racketeering. Prosecutors may use RICO laws designed for taking...Read More
By: Gary SavageGold is still very early into its daily cycle lower:Read More
By: Ira EpsteinSeptember was a crazy month. Gold heading back to $1,450? Under the $1,511 18-day moving average. Gold is oversold. Read More
Peter Schiff is an internationally recognized economist specializing in the foreign equity, currency and gold markets. Mr. Schiff made his name as President and Chief Global Strategist of Euro Pacific Capital. He frequently delivers lectures at major economic and investment conferences, and is quoted often in the print media, including the Wall Street Journal, New York Times, Barron's, BusinessWee...Read More
Lynette Zang has held the position of Chief Market Analyst at ITM Trading since 2002. Ms. Zang has been in the markets on some level since 1964. Her mission is to convert financial noise into understandable language. She has been a banker, a stock broker and studied world currencies since 1987. She believes strongly that we need to be as independent as possible and at the same time, we need to com...Read More
For Part 1 of this interview, CLICK HERE?EUR
Government is not targeting terrorism or terrorists: they are targeting average American citizens.Continue...Read More