Domestic and import steel billet prices in Turkey have continued to fall over the past week amid lower scrap costs, sources said on Thursday April 2.Turkish scrap import prices have fallen to their lowest in four years, as of March 30. Fastmarkets' daily index for steel scrap, HMS 1&2 (80:20 mix), North Europe origin, cfr Turkey was $201.13 per tonne on Monday March 30, down from $241.63 per tonne...Read More
Prices for imported steel billet in Egypt fell in the week to Thursday April 2, with market activity being stifled by the wider impact of the Covid-19 pandemic, sources told Fastmarkets.Demand is weak, and trading activity is limited, sources said.CIS-origin billet was on offer to Egyptian customers this week at $350-355 per tonne cfr, down from last week's $370-375...Read More
David HaggithThe banks that are begging for bailouts still cling to their bonuses. To terrorize us into letting them keep their bonuses, the banksters are threatening to release the button on their suicide vests and blow themselves up by not taking the bailouts if they can't have their bonuses.You would think the response to that would be a no-brainer: "O.K. Go ahead." Then just walk off. Watch,...Read More
By: Ira EpsteinGold's 18-dma at $1584 area, support. Bias in gold is up. Bollinger bands: $1717 / $1450Read More
The Italian government has announced it will extend the lockdown in the country to manage the spread of the Covid-19 outbreak in the country, keeping already closed steel assets shuttered. Prime Minister Giuseppe Conte announced on April 1 that he had signed a new decree extending the lockdown in the country until April 13, discarding the original end date of April 3. "We are not in the condition,...Read More
Doug Casey, whose book Crisis Investing spent 29 weeks at the #1 position on the New York Times bestseller list, joins me to assess the fallout from the various governmental responses to the coronavirus, as well as his own approach to a crisis like this.Doug Casey is an American-born libertarian economist and advocate of the free market. He is a bestselling financial author, international investor...Read More
On Tuesday night FOX News host Tucker Carlson reopened the case using information from a CHINESE study on the origin of the novel coronavirus. The coronavirus came from either the Wuhan Center for Disease Control and Prevention or Wuhan Institute of Virology in Wuhan, China. The study concluded the deadly virus came out of local laboratories in Hubei Province. The smoking gun in the study is the l...Read More
security state - the FBI, NSA & DOJ agents who now make up huge parts of CNN & MSNBC and the liberal pantheon - kept telling you the FISA process is very rigorous & immune to abuse? Continue...Read More
The coronavirus pandemic has torpedoed the Chinese gold market, freezing demand at a time when investors in other parts of the world are Continue...Read More
Money manager Adrian Day reviews non-resource stocks from around the world, noting that although he is cautious on global markets right now, with a few exceptions, some of the stocks on his list will be rated good buys on any dips. Loews Corp. (L:NYSE, 33.70) reported a profit in the last quarter, driven by earnings at CNA Insurance and Boardwalk Pipelines, as well as investment income at the pa...Read More
In light of COVID-19, Liberty Gold states that it is proceeding safely, requiring workers to take certain health precautions. Liberty Gold Corp. (LGD:TSX; LGDTF:OTCQB) commenced a fully funded, 2020 exploration program at its Black Pine oxide gold property in Idaho on March 31, it announced in a news release. During this season, the company intends to focus on drilling the gold discoveries it mad...Read More
Aben Resources advised that it has implemented company-wide safety measures to protect the health of all of its stakeholders including office staff, field crews, contractors and local communities during the coronavirus pandemic. Aben's Forrest Kerr Gold ProjectIn a news release, Aben Resources Ltd. (ABN:TSX.V; ABNAF:OTCQB) announced that it has implemented "operational procedures across the compa...Read More
Demand for flat steel products in Turkey was weak in March because of the spread of the Covid-19 pandemic in the country, market participants told Fastmarkets on Thursday April 2.The first case of a Covid-19 infection was announced on March 11 in Turkey, and all schools were closed on March 15.Since then, several carmakers in the country have announced production stoppages.Tofas, which produced 26...Read More
Automotive manufacturers in Europe and the UK have extended their previously announced production suspensions following the introduction or extension of national lockdown measures.Shutdowns were announced by carmakers across the continent because of the supply chain problems created by the measures taken by governments to restrict the spread of the Covid-19 pandemic.There are now lockdowns in plac...Read More
Demand for flat steel products in Turkey was weak in March because of the spread of the Covid-19 pandemic in the country, market participants told Fastmarkets on Thursday April 2.The first case of a Covid-19 infection was announced on March 11 in Turkey, and all schools were closed on March 15.Since then, several carmakers in the country have announced production stoppages.Tofas, which produced 26...Read More
Iron ore export volumes from Brazil fell by 2.13% year on year in March, with the daily average falling by 15.48% in the same comparison, Fastmarkets understands.The country exported 21.71 million tonnes of iron ore last month, compared with 22.18 million tonnes the year before, according to figures released by the country's Ministry of Economy on Wednesday April 1.A higher number of working days...Read More
Oil's surge lifted the Dow The Dow closed up over 400 points following a volatile day of trading, following suit of oil, which surged nearly 25% for the day. The spike came in response to a tweet from U.S. President Donald Trump that said Russia and Saudi Arabia will be "cutting back approximately 10 million barrels." However, the dealto curb production -- proved susceptible to some doubt among in...Read More
The energy name has been a top performer in April during the past decade Earlier this week, Schaeffer's Senior Quantitative Analyst, Rocky White, broke down the best performing stocks in April over the last 10 years. One of those stocks is crude oil concern Hess Corp (NYSE: HESS). Looking over the last decade, Hess boasts an average April return of 4.6%, with nine out of 10 returns positive, ma...Read More
Spain's Ministry of Industry, Trade & Tourism has finally confirmed the steel industry is considered "essential" and can continue operating, albeit at a slower pace, the Spanish steel distributors association, UAHE, said on Wednesday April 1.The Spanish government issued a royal decree on March 29, ordering the shutdown of all non-essential activities and businesses from March 30, with a rest...Read More