Two separate strikes at ArcelorMittal steelworks in northern Spain have had little or no impact on output, the company said on Tuesday, July 21.Workers at ArcelorMittal Olaberria in the Basque Country region started industrial action on July 15 over a new collective labor agreement, with workers demanding "decent salary increases and pension fund retention," according to the LAB union.Arcelo...Read More
The price for steel billet imported into the United Arab Emirates has increased over the past week, with demand soft ahead of the Eid Al-Adha religious holiday, market sources said on Tuesday July 21.Eid Al-Adha was expected to be celebrated at the end of July, curtailing the demand in the country.The country's biggest producer, Emirates Steel, kept its rebar price unchanged at 1,773 dirhams ($483...Read More
Ferrous scrap prices in Mexico fell this week amid a weak steel market performance and increasing inventories, sources told Fastmarkets. Low steel production in the country sent scrap stocks higher during the week.Efforts to reduce prices in the country became more widespread last week, with more steelmakers cutting buying prices and additional sellers affected by previously announc...Read More
David HaggithIt's time to show you're Fed up! Get mad as hell! Don't take this any more! Scorch the earth with your rage! Yell from the rooftops! Stick your head out the window and scream! Fight the economic injustice that serves the rich! Kick political asses, and kick them hard! Don't just whine, do something about it!Ten commandments to show you're Fed up!1) End manipulated markets by taking...Read More
Turkish steel mills took a break from deep-sea scrap purchases Tuesday July 21, but still expected to book more cargoes for August and September shipments, sources told Fastmarkets.The most recent booking was from the Baltic Sea region, sold on Monday July 20 at $265 per tonne cfr on HMS 1&2 (80:20) basis. This compared with the previous Baltic Sea cargoes sold at the end of last week...Read More
Oliver Stone is an award-winning director, producer, screenwriter, and author. His memoir Chasing the Light is available on July 21, 2020. https://linktr.ee/OStoneRead More
Mark O'Byrne, GoldCoreDelighted to have been asked to speak on the Market Musings Podcast recently. Just click on the play button below to listen."Market Musings welcome the founder and research director Mark O'Byrne from GoldCore. When it come to gold and silver Mark is your man. He explains how gold has a tried and tested performance as a store of wealth over centuries, and why he thinks every...Read More
Ira EpsteinCentral Banks coming out this week and next week with policy meetings. The weekly gold chart makes another new high. Gold bias is up, trend is up, resistance remains the upper Bollinger band around $1831:Read More
Lior Gantz is back on the show to give us an update on what's taking place in the metals market. I'll ask him why Bitcoin is lagging, and we'll take your questions live. Lior Gantz has been called a thrill-seeking entrepreneur by his team, and as such, he built and runs numerous successful businesses, and has traveled to over 30 countries in the past decade in pursuit of thrills and opportunities,...Read More
Only covid vaccine hopes has resulted in global stock markets rising. Silver has to trade over $2020 today to rise quickly. Gold is rising from factors such as US imposing ban on certain Chinese companies due to its treatment of Muslim minorities and US presidential election drama. UK Pound should rise after Bank of England governor said that UK has recovered half of its output lost in March-Apr...Read More
A couple in St. Louis will face felony charges in their much-photographed defense of their home in a private, gated and locked community as BLM and other protesters broke through the gates and moved toward the couple's home. Justice...or an attack on property rights and the Second Amendment. Plus in today's Report: More threats to jail Covid-19 positive cases if they resist house arrest. Also - wh...Read More
What the gold sector has needed for years is generalist interest in the space, and one demographic in particular that has shied away from the sector is now showing unprecedented interest, according to Lobo Tiggre, principal analyst of the Independent Speculator."Young people today understand that there is a risk in calling something money that governments can create at will at no cost. That's comp...Read More
0:00 Introduction0:59 Historical parallel to current day?6:04 Modern-day Bolshevik Revolution7:08 Digitization of USD12:33 Gold standard has never worked14:45 Where do you find a safe-haven asset?16:30 Divided, toxic political environment18:37 USD probably will decline into election for fear of a Trump loss20:50 Commodities are going to rise24:50 Dow 40,000 is further out29:51 Armstrong Economics...Read More
ECONOMY: Cities are shutting back down. Group of 20 statement predicts big contraction in the balance of the year. Is this a double dip depression? Do stock prices depend on a return to normal? What happens if that is delayed or canceled? PRECIOUS METALS: Money is pouring into the gold/silver mining stocks Silver continues to outperform gold BROKERAGE INDUSTRY: 20,000 Robinhood traders are in for...Read More
Chinese state media has continued to indicate Western media is 'hyping' the dam's collapse. Flooding this week is expected to continue on the Huaihe River with no signs of abating. Continue...Read More
"We agree that white people's skin color plays into systemic inequalities and injustices, and we want our journalism to robustly explore these problems." Continue...Read More
Max and Stacy ask Craig Hemke why it is that these retail investors are not panic buying gold in the same way they are chasing bankrupt stocks higher. Continue...Read More
This week's EU announcement of a massive coronavirus bailout - featuring the first-ever "common" bond issuance - marks the birth of this new integrated Europe, in which all future debt is defacto German rather than French, Greek, etc.Continue...Read More
A coronavirus vaccine isn't necessary for the historic rally, according to market forecaster James Bianco. He sees unprecedented government stimulus policies as the major force behind the run to new highs.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 b...Read More
"Don't fight the Fed" is one of the oldest sayings on Wall Street.The new conventional wisdom might be, "Don't fight the narrative."Continue...Read More