Steady raw material costs and increasing demand from the automotive and construction sectors have kept wire rod prices in the United States firm, market participants said. Fastmarkets' monthly assessment for steel wire rod (low carbon) industrial quality, fob mill US held at $29-29.50 per hundredweight ($580-590 per short ton) on Tuesday August 18. This is down by 8.6% from $31.50-32.50 year over...Read More
The European wire rod market was quiet in the week to Wednesday August 19 amid the traditional summer slowdown, while market participants were expecting prices to rise in September, pushed upward by costlier scrap and increased buying activity, sources told Fastmarkets.Southern EuropeFastmarkets' weekly price assessment for steel wire rod (mesh-quality), domestic, delivered Southern Europe, remain...Read More
The Turkish deep-sea scrap import market has remained quiet so far this week, with mills staying away due to weak finished long steel demand, sources said on Wednesday August 19.The country's steel producers halted their deep-sea bookings on August 7, when the price for HMS 1&2 (80:20) was $285 per tonne cfr for material from the United States and the Baltic Sea.Since then, no significan...Read More
A sharp rise in the Kanto auction price and improved demand from South Korea helped Japanese export steel scrap prices rise over the last week, market sources told Fastmarkets on Wednesday August 19. Japan's monthly Kanto Tetsugen, which is an auction between a cooperative of scrap dealers in the Tokyo region, was moved back one week from its usual slot in the second Wednesday of the month due to...Read More
Iron ore fines prices gained ground on Wednesday August 19 with healthy demand continuing, sources said, while the decrease in China domestic iron ore production in July could help push prices up.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $129.09 per tonne, up $0.52 per tonne62% Fe low-alumina fines, cfr Qingdao: $128.39 per tonne, up $1.31 per tonne58% Fe fines high-grade premium, cf...Read More
The dollar has broken critical support levels, what is the short-to-medium term outlook? Join Mike Maloney, Chris Martenson and moderator Mr Jeff Clark as they discuss some of the biggest news stories this week.?>>?Michael Maloney is a precious metals investment expert and historian. He is the founder and owner of GoldSilver.com, a global leader in gold and silver sales/storage and one of the worl...Read More
Egon von Greyerz predicts an economic destruction of markets and asset values and a major wealth transfer and tell's The Capital Network's Executive Director Lelde Smits who stands to loose and gain the most. Egon von Greyerz specialises in wealth management and wealth preservation for high net worth individuals. He's the founder and managing director of Matterhorn Asset Management, a Swiss compan...Read More
Jim Rogers, chairman of Rogers Holdings and co-founder of the legendary Quantum Fund, said that the next market crash could be even worse than what we are seeing today. Rogers draws on his decades-long investing experience, from his early days on Wall St to his successes with the Quantum Fund, and gives candid advice to any investor looking to win in the long haul.0:42 - Macroeconomics10:35 - Gold...Read More
Topics in this interview:-Circumstances that pushed gold higher still intact.-Secular bull markets always feature declines.-Be associated with the reasons gold is going higher, not just reacting to charts.-It was the policy response that drove the resource out of the March lows.-The purity of the bottoming out of the resource sector.-Low prices are the cure for low prices.-Buffett's move into gold...Read More
Markets keep going up and the valuation of equities is over 177% of GDP. Dollar going down, gold going up, and Warren Buffett buys Barrack and sells all his shares Goldman Sachs. He's selling banks and buying gold stocks. Late to the game. Long term rates coming down and short term rates are near zero. Inflation target above 2%. Banks can't make money. Silver going up. It will become the best inve...Read More
0:00 Introduction1:40 Timeframe for $4,000 gold?3:27 Covid-19 vaccine to crush gold's run?4:09 Gold Producers' FCF attracting generalists6:54 Frank's gold ETF GOAU explained8:38 Type of GOAU inflows past 6 months9:57 How to play the precious metals market volatility13:11 Type of junior gold stocks you are investing in?14:43 Deploying cash into base metal miners?15:18 Timing the airline rebound tra...Read More
What rioters on the street hear as 'it's okay to steal from people who have more stuff than I do' in NPR and The Atlantic's offices sound like 'The Case for Reparations.'Continue...Read More
Who better to explain how the Fed is killing the economy and policymakers are killing capitalism than a former White House Budget Director for President Ronald Reagan? In this episode, you'll hear a very candid point of view about how the 12 people running the Fed are putting the economy on the brink of collapse and how keeping cities on lockdown is totally irresponsible. Since March 12th the Fed...Read More
Danielle DiMartino Booth spent nine years as an advisor to Richard W. Fisher at the Federal Reserve Bank of Dallas. Danielle left the Fed in 2015 to found Money Strong, LLC, an economic consulting firm and launched a weekly economic newsletter She is the author of Fed Up: An Insider's Take on Why the Federal Reserve is Bad for America. DiMartino Booth began her career in New York at Donaldson, Luf...Read More
Time Stamp References:1:05 - Comparing liquidity events.3:55 - Money velocity and the economy.7:00 - Assessing the stock market.11:15 - Custom indexes they use.16:30 - Interest rates and NIRP/ZIRP.19:00 - Fed to peg at Zero and getting yield.21:05 - Timing and price targets.David Rosenberg returns to discuss the current economic environment and how flattened yield curves are promoting liquidity is...Read More
"Influenza immunization will be required for all children 6 months of age or older who are attending Massachusetts child care, pre-school, kindergarten, K-12, and colleges and universities." Continue...Read More
"I would expect it to be as mandatory as you could possibly make it." Continue...Read More
The volatility in the gold and silver markets has spiked significantly over the last month. And while few commentators have actually offered an explanation as to why that's happening, John Lee of Silver Elephant Mining, who predicted a $32 silver price last month when silver was trading at $18, joined me on the show to explain what's happening.Read More
Jim Bianco is President and Macro Strategist at Bianco Research, L.L.C. Since 1990 Jim's commentaries have offered a unique perspective on the global economy and financial markets. Unencumbered by the biases of traditional Wall Street research, Jim has built a decades long reputation for objective, incisive commentary that challenges consensus thinking. In nearly 20 years at Bianco Research, Jim's...Read More
The specifics of Troilus Gold's updated resource and the key points from the company's related technical call are presented in a Stifel report. In a July 29 research note, Stifel analyst Tyron Breytenbach reported that Troilus Gold Corp.'s (TLG:TSX; CHXMF:OTCQB) recent resource update on its Troilus project in Quebec "sets the stage for a preliminary economic assessment (PEA) catalyst." "This pro...Read More