China's domestic rebar prices gained some upward momentum on Monday September 28 on a strengthening of demand.DomesticEastern China (Shanghai): 3,620-3,650 yuan ($530-535) per tonne, up by 10-20 yuan per tonneBuyers raised procurement rates during the day to stock up on materials for consumption during the Golden Week. The October 1-8 break marks China's National Day.A trader in eastern China said...Read More

Turkish steel mills skipped the first working day of the week, with no deep-sea bookings completed amid signs of a downward correction in the market, sources said on Monday September 28.There were talks of a cargo from the United States being sold to a steel mill in the Iskenderun region at $293 per tonne cfr for HMS 1&2 (80:20), $298 per tonne for shredded and $303 per tonne for bonus.Althou...Read More

Cleveland-Cliffs has reached a definitive agreement to buy ArcelorMittal USA and its subsidiaries for around $1.4 billion, which will make it the largest flat-rolled steel producer in the country, the company said on Monday September 28.The deal included the steel making operations of Indiana Harbor, Burns Harbor, Cleveland, Coatesville, Steelton, and Riverdale, as well as finished steel units Col...Read More

ArcelorMittal resumed operations at blast furnace (BF) No1 at its Fos-sur-Mer plant in France last week, the company told Fastmarkets on Monday September 28. The steelmaker stopped BF No1 at Fos-sur-Mer as well as the converter and continuous caster on March 23 due to falling demand caused by Covid-19 lockdown measures across Europe. ArcelorMittal Fos-sur-Mer has two BFs...Read More

Gold rallied more than 1% on Monday, bouncing back from last week's declines. Equities markets are also seeing gains.Gary Wagner, editor of TheGoldForecast.com, said that he prefers to buy into strength.Gary Wagner has been a technical market analyst for 25 years. A frequent contributor to STOCKS & COMMODITIES Magazine, he has also written for Futures Magazine as well as Barrons. He is the executi...Read More

Mohamed El-Erian is the Chief Economic Adviser of Allianz, a multinational financial services company. He is the former CEO and co-Chief Investment Officer of PIMCO, a global investment firm and one of the world's largest bond funds in the world. Dr. El-Erian also served as a member of the faculty of Harvard Business School. Before joining PIMCO, Dr. El-Erian was a managing director at Salomon Smi...Read More

About a week ago BuzzFeed News supposedly broke a story about how large banks like HSBC Bank and Deutsche Bank have been knowingly laundering potentially trillions for drug cartels, organized crime and terrorist organizations for decades.Jason Burack is an investor, entrepreneur, financial historian, Austrian School economist, and contrarian. Jason co-founded the startup financial education compan...Read More

Editor's note: After last week's health scare Dr. Paul is already back to work. The man is a true liberty warrior!The Centers for Disease Control have come out with a new estimate of the Covid infection fatality ratio and the numbers will shock you. No wonder the Florida governor has said "enough is enough" and decided to open his state up completely. We are told to trust the CDC, so why is the ma...Read More

The CIS export market for steel billet has turned quiet at the end of September with a growing difference between mills' offers and customers' bids, Fastmarkets has heard.Mills continued to insist on offers within the range of $415-420 per tonne fob Black Sea on Monday September 28, according to market sources. There was reduced availability of material due to maintenance work at some assets, as w...Read More

We have been deceived by public health authorities about Covid, partly from public authorities' ignorance of the virus, its spread and treatment, but mainly on purpose. Continue...Read More

The precious metals sector is now confirmed to be in correction and consolidation mode. This started about a month and a half ago. In the big picture, these periods are choppy. My thinking could change but it appears to me the sector will consolidate for the remainder of this year. Maybe the larger consolidation will end around the holidays.Jordan Roy-Byrne, CMT is a Chartered Market Technician an...Read More

David Stockman is asked how important of a role he thinks the economy and a continued rally in the stock market will play in the outcome of the presidential election.Continue...Read More

During the FOMC's September press conference, Fed Head Jerome Powell managed to communicate three big lies in the space of an hour. The fact that bile spews from the mouth of a central banker isn'tContinue...Read More

Velocity is a useless, inconsistent measure of something that has morphed over time yet never had an independent existence of its own. Attempting to predict prices from velocity or velocity from prices is a fool's mission.Continue...Mike "Mish" Shedlock is a registered investment advisor and representative for Sitka Pacific Capital Management. His articles about the the economy and investing onlin...Read More

Coddled investors, not taxpayers, should step up to the plate and fund the "daily cash burn."Continue...Read More

"During the April-June 2020 period of the COVID-19 pandemic, the initial SARS-CoV-2 load steadily declined among hospitalized patients with a corresponding decrease in the percent of deaths over time," Continue...Read More

"Elon Musk, Joe Rogan and Ben Shapiro, to name just a few, are leaving California to escape incompetent governance. The "response" from Sacramento? Wealth and massive income tax increases on job creators Continue...Read More

There's an increasing level of fear both in the US and worldwide. The Fed was looking for the administration to get another fiscal package to help move things forward. Economic data has been relatively benign. In Europe there's fear of another Covid wave. Peter doesn't expect the economy to shut down and he doesn't expect the Congress to do anything either. So it's highly doubtful that another sti...Read More

Aurania Resources reported that Tiria-Shimpia is becoming another compelling target at Lost Cities-Cutucu. Aurania Resources Ltd. (ARU:TSX.V; AUIAF:OTCQB) has discovered, through soil sampling, extensions to the areas of previously identified silver mineralization at the Tiria-Shimpia silver-gold target of its Lost Cities-Cutucu project in Ecuador, the company announced in a news release. "Tiria-...Read More

Lion One Metals presented an updated PEA demonstrating strong economics for its Tuvatu Gold Project in Fiji. In a news release, Lion One Metals Ltd. (LIO:TSX.V; LOMLF:OTCQX) reported that "it has completed an updated Preliminary Economic Assessment (PEA) for the company's 100% owned Tuvatu Gold Project located on the island of Viti Levu in Fiji."The company advised that the PEA report was prepare...Read More