The year 1971 saw the trajectories of nearly every major trend relative to our way of life shift massively.That year is such a noticeable inflection point in so many data sets, that an intriguing website WTFHappenedIn1971.com has been created to drive the point home.Continue...Read More
The number of children who do not have enough to eat has soared in the pandemic, according to the Census Bureau and Agriculture Department.Continue...Read More
Left-leaning colleges in America are doing everything in their power to prevent conservative teachers, students and faculty from ever stepping on campus.Continue...Read More
JPMorgan Chase is close to paying almost $1 billion (a slap on the wrist for the mega bank) to resolve government investigations into Continue...Read More
Early during the week to Friday September 25, pig iron import deal prices in the United States overtook the market level in China, which had been driving the global market since March, but eased later in the assessment period. Fastmarkets' price assessment for pig iron, import, cfr Gulf of Mexico, US softened to $380-387 per tonne on Friday from $385-387 per tonne one week earlier. One spot b...Read More
A Turkish steel producer broke the silence in the deep-sea scrap market on Friday September 25 after two quiet weeks, securing deals for two cargoes, sources told Fastmarkets.A steel mill in northern Turkey booked a Baltic Sea cargo, comprising 12,000 tonnes of HMS 1&2 (80:20), 10,000 tonnes of shredded, 1,000 tonnes of bonus and 1,000 tonnes of busheling at an average price of $299 per tonne...Read More
Export prices for Brazil-origin slab narrowed upward on Friday September 25 due to producers withdrawing low-priced offers and focusing on markets where demand is higher.Fastmarkets' weekly price assessment for steel slab, export, fob main port Brazil increased to $480-490 per tonne on September 25, from $450-490 per tonne a week before.Offers from slab producers were reported within the range of...Read More
This structure is located in the Machichie Southwest area of Cabral Gold's Cui? Cui? property. Cabral Gold Inc. (CBR:TSX.V; CBGZF:OTCMKTS) announced in a news release it identified at least six high-grade veins at its Cui? Cui? gold project in Brazil and secured a second reverse circulation rig to drill the growing number of targets.This "is a truly exciting development and adds to the potential...Read More
Indian domestic prices for secondary steel billet have fallen by 600 rupees ($8) per tonne in the week to Friday September 25, with subdued demand resulting in fewer inquiries, in addition to a fall in the prices of raw materials such as direct-reduced iron (DRI).The price of steel billet, domestic, exw India, was assessed by Fastmarkets on September 25 to be down to 29,000-29,200 rupees ($393-395...Read More
The trading range on the HUI and other PM stock indexes continues its job of confusing both the bulls and bears alike. I’ve always said that trading an impulse move is much easier than trading during a consolidation phase. During a strong impulse move up it is easy to see the price action making higher highs and higher lows. Trading during a consolation phase is usually completely different....Read More
In military terms, the phrase "locked and loaded"refers to "locking" a magazine or cartridge into a firearm andloading a round into the gun's chamber. A variant is to "lock thesafety" and then load a magazine into the weapon.The analogy in his essay is that from a technical (chart)standpoint, the price of gold and silver arebuilding energy to the point that they are g...Read More
The dollar is the mostimportant unit of account for international trade, the main medium of exchangefor settling international transactions, and the store of value for centralbanks. The Federal Reserve is the lender of last resort, as in the 2008–09financial crisis, and is the most common currency for overseas borrowing bygovernments and businesses.Investors want to owndollars when the prove...Read More
The number of new daily infections in Europe is rapidly increasing, even reaching new heights in several countries. That is just another reminder that the second wave in fall or winter is upon us. Yes, I know. You are all fed up reading about the coronavirus. And yet, the coronavirus is not fed up with spreading around the globe. The number of new daily infections keeps going up, as the chart belo...Read More
Export prices for Brazil-origin slab narrowed upward on Friday September 25 due to producers withdrawing low-priced offers and focusing on markets where demand is higher.Fastmarkets' weekly price assessment for steel slab, export, fob main port Brazil increased to $480-490 per tonne on September 25, from $450-490 per tonne a week before.Offers from slab producers were reported within the range of...Read More
Prices for flat-rolled steel imported into South America took a downturn in the week to Friday September 25 with Chinese mills presenting lower offers amid residual negotiations for November shipments.The region's import market followed a broader downtrend reported for the Chinese domestic market in the past few weeks. That trend reversal was also supported by reduced liquidity, due to November-sh...Read More
London Metal Exchange three-month prices for all base metals remained under pressure on Friday September 25, with aluminium the only exception to the general downward trend.The LME three-month aluminium price rose 0.66%, and closed at $1,759.50 per tonne after seeing a turnover of 12,776 lots on Friday.Total LME aluminium stocks stand at 1,477,175 tonnes after registering an outflow of 5,050 tonne...Read More
Indian domestic prices for secondary steel billet have fallen by 600 rupees ($8) per tonne in the week to Friday September 25, with subdued demand resulting in fewer inquiries, in addition to a fall in the prices of raw materials such as direct-reduced iron (DRI).The price of steel billet, domestic, exw India, was assessed by Fastmarkets on September 25 to be down to 29,000-29,200 rupees ($393-395...Read More
Strong raid...by Harvey Organ of Harvey Organ BlogSEPT24//GOLD UP $9.30 TO $1874.30//SILVER UP 15 CENTS TO $23.15//GOLD TONNAGE AT COMEX: 14.9 TONNES//SILVER OZ STANDING: 54.4 MILLION OZ//CORONAVIRUS UPDATE THE GLOBE//TURKEY IN SERIOUS FINANCIAL TROUBLE AS RESERVE CURRENCY PLUMMETS: THEY RAISE RATES TO STEM THE FALL IN THE LIRA//IN THE USA 870,000 NEW UNEMPLOYMENT BENEFIT CLAIMS//NO TALKS BETWEEN...Read More
London Metal Exchange three-month prices for all base metals remained under pressure on Friday September 25, with aluminium the only exception to the general downward trend.The LME three-month aluminium price rose 0.66%, and closed at $1,759.50 per tonne after seeing a turnover of 12,776 lots on Friday.Total LME aluminium stocks stand at 1,477,175 tonnes after registering an outflow of 5,050 tonne...Read More
Mid-grade fines prices made limited movements on limited trading activity but low-grade fines were heard to be popular with the mills again amid shrinking margins, trade sources said.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $115.21 per tonne, up $0.54 per tonne.62% Fe low-alumina fines, cfr Qingdao: $115.74 per tonne, up $0.28 per tonne.58% Fe fines high-grade premium, cfr Qingdao:...Read More