Export prices for pig iron from the south of Brazil have increased on new deals reported during the week ended Friday July 26.Fastmarkets' weekly price assessment for pig iron, export, fob Vitorio/Rio, Brazil, was up by $5 per tonne to $320-325 per tonne fob on Friday.One sale of 40,000 tonnes of high-phosphorus pig iron was heard to Turkey at $320 per tonne fob for September shipment.Another carg...Read More
UK alloy steel scrap price ranges increased and also widened in the past week amid volatile nickel prices and weakness of sterling versus the dollar, sources told Fastmarkets on Friday July 26.After increasing sharply since the start of July, this week nickel prices were volatile but ended lower week on week. Sources said, however, that the lack of a steady trend meant that many had thought that v...Read More
Global ferrous scrap prices moved down during the week ended Friday July 26, because of lower priced deals, weak demand and high inventories. Turkish import prices down on fresh deals US export prices down on recent deals Asian import prices down on high inventories Indian prices continue to fall in weak market.TurkeyTurkish steel producers made four cargo purchases this week for August shipments....Read More
Prices for steel slab from Brazil remained stable in the week ended Friday July 26 because few deals were reported and buyers continued to push for lower costs.Fastmarkets' weekly price assessment for steel slab export, fob main port Brazil, was $420-430 per tonne on Friday, unchanged from the previous week.Cost pressures remained strong this week, and limited producers' ability to reduce prices f...Read More
Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 311,88160,63156,198175,785463,624543,864580,453 Change from Prior Reporting Period 2,346-3,4037,764010,43110,11014,792 Traders 22064915963316189 Small Speculators LongShortOpen Interest 72,99536,406616,859 4,84916714,959 non reportable positionsChange fro...Read More
Dear Friend of GATA and Gold:Today the European Central Bank announced the expiration without replacement of the latest central bank gold agreement. The ECB's announcement is appended.What does it mean?The announcement attributes the decision to let the agreement expire to the gold market's having become "mature," but how did the gold market suddenly "mature" when, upon the signing of the first...Read More
Daniel R. Amerman If there is a recession in the next one to two years, there is also likely to be another bear market for stocks. Based on their experience over their lifetimes, many investors are expecting a "normal" bear market in that event, perhaps in the 20% to 25% range in terms of losses.However, we are not in normal times, and we have seen a fundamental change in stock valuations over...Read More
Gary ChristensonIndividuals dream about winning the lottery, stock market profits, reducing debt, earning more income, attractive sex partners, and tasty food. But our dreams can turn into nightmares filled with inflation ghosts and monsters.The derivative monster is a destroyer. Deutsche Bank stock closed at $6.76 on June 7, 2019, down from over $100 in 2007. A repeat of 2007 is possible. Price...Read More
By: Avi GilburtLast weekend, the important point of note was that silver had basically run out of room. It had a series of 1's and 2's set up for it to "melt up," but it had to do so rather soon. Well, this past week, I would say that silver finally followed through and it took it directly to the level at which I noted on the chart was our next major resistance level. In fact, we were almost...Read More
Steel billet prices in Turkey continued to decline this week amid weak demand and a downturn in finished steel prices, sources told Fastmarkets.Customers in Turkey were showing very little interest in billet imports because of the sluggish sales of finished steel this week.Material from the Commonwealth of Independent States (CIS) was reported available in Turkey at $430-435 per tonne cfr, down by...Read More
Eric Sprott has more than 40 years of experience in the investment industry. In 1981, he founded Sprott Securities (now called Cormark Securities Inc.), which today is one of Canada's largest independently owned securities firms. In 2001, Eric established Sprott Asset Management Inc. Over the years, Eric has personally been the recipient of numerous awards and honors, including one of Investor Dig...Read More
Bob brought 321gold.com to the Internet almost 14 years ago. They later added 321energy.com to cover oil, natural gas, gasoline, coal, solar, wind and nuclear energy. Both sites feature articles, editorial opinions, pricing figures and updates on current events affecting both sectors. Previously, Moriarty was a Marine F-4B and O-1 pilot with more than 820 missions in Vietnam. He holds 14 internati...Read More
Harry Dent is a Fortune 100 consultant, new venture investor, noted speaker, bestselling author, and the founder and senior editor at Dent Research, where he dedicates himself to identifying and studying demographic, technological, and geopolitical trends. He has a free daily newsletter at www.harrydent.com called "Survive and Prosper." Mr. Dent accurately predicted Japan's collapse in 1989, the d...Read More
Mike "Mish" Shedlock is a registered investment advisor and representative for Sitka Pacific Capital Management. His articles about the the economy and investing online can be found at Mish Talk. Read More
Maybe you favor nonintervention, but are you sure you know all the ins and outs of the situation in Syria in recent years? The great Scott Horton cuts through the propaganda to get to the real story. Read More
Prices in Southeast Asia's steel billet market edged down on Friday July 26 after domestic long steel prices softened in the region's major billet import markets of The Philippines and Indonesia.Domestic rebar prices remain soft because of the rainy season and the stronger Filipino currency, a trader in the Philippines said.The Philippine peso was trading at 51.11 peso per $1 on July 26, as compar...Read More
"The next breakout point had to be $1,450. I believe when it breaks beyond that, it's going to spike for the $2,000 mark," Celente told Kitco News.Gerald Celente is a pioneer trend strategist and founder of The Trends Research Institute. He is the author of the national bestseller Trends 2000: How to Prepare for and Profit from the Changes of the 21st Century and publisher of the internationally c...Read More
Bob's website: tradegeniusacademy.comRead More
Brent discusses his background and how his fathers love of metal detecting developed in him an interest in the commodities space. His work with Credit Suisse taught him a lot about how Wall Street functions. He cautions investors that there is almost too much information available on the internet and that often leads to narrow viewpoints and echo chambers. He feels that people should own gold as i...Read More