Seaborne low-grade manganese ore prices changed direction after four weeks of recovery, weighed down by lower offers and weaker port prices. Low-grade manganese ore prices slide after four consecutive weeks of increases High-grade ore market flatSilico-manganese prices unchanged in China Indian silico-manganese market ticks up Ferro-manganese price weakens in Europe, silico-manganese holdsUS alloy...Read More
In the latest issue of Insights, we look at some concerning market developments ahead Wednesday's Federal Reserve interest rate decision. The breakdown in oil & gas stocks is particularly troubling. Our broadcast of the week looks at what we want to see for us to believe we are at a potential turning point for the Canadian Energy sector. Finally, our insider of the week had a major score in the...Read More
The export market for CIS-origin hot-rolled coil and cold-rolled coil (HRC, CRC) was flat during the week ended Monday July 29 because demand remained moderate while availability was still restricted.Fastmarkets' weekly price assessment for steel HRC, export, fob Black Sea, CIS, was $485-500 per tonne on Monday, widening downward by $5 per tonne week on week."There were no major bookings of HRC fr...Read More
Prices paid for flat steel imports into the United Arab Emirates and Saudi Arabia decreased in the week ended Tuesday July 30, with demand improving in the latest deals heard.Buying was strong this week in the UAE, with several new orders being placed.UAEOffers of hot-rolled coil (HRC) imports from China to the UAE came in at $500-505 per tonne cfr, but no major deals were heard.Ukraine offered si...Read More
China's hot-rolled coil prices dropped on Tuesday July 30 after authorities in Tangshan, the steelmaking hub in the northern region, drafted a plan to ease steelmaking curbs in August.DomesticEastern China (Shanghai): 3,810-3,820 yuan ($554-555) per tonne, down 20 yuan per tonneNorthern China (Tangshan): 3,810 yuan per tonne, down 10 yuan per tonneSpot prices dropped after several domestic media o...Read More
The United States Department of Commerce has calculated average dumping margins for imports of Mexico-origin steel reinforcing bar (rebar) at 3.65%, while leaving Deacero out of the final results, the US Federal Register showed on Wednesday July 24.The announcement followed a preliminary result published on December 11, 2018, after Commerce carried out a probe that was begun on January 11 that yea...Read More
Prices for rebar and billet imported into the United Arab Emirates have decreased over the past week, with demand only moderate although some deals were heard, sources said on Tuesday July 30.The lower price for imports was driven by weakening raw material prices.Fastmarkets' daily index for steel scrap, HMS 1&2 (80:20 mix), North Europe origin, cfr Turkey, was $286.65 per tonne on July 30, fallin...Read More
Tangshan, China's steelmaking hub in the northern region, is reportedly loosening up restrictions on the steel sector in August, which resulted in sentiment deteriorating in the market on Tuesday July 30.Domestic Eastern China (Shanghai): 3,920-3,940 yuan ($569-572) per tonne, narrowing downward by 10 yuan per tonneNorthern China (Beijing): 3,830-3,850 yuan per tonne, down 10-20 yuan per tonneChin...Read More
By: Jim Willie CB www.Golden-Jackass.com Hat Trick Letter The widespread profound and recognized global recession, complete with numerous icon corporate failures, will lead the US Federal Reserve to return to unlimited Quantitative Easing with a Zero Percent chaser. The Jackass calls it a return to Infinite QE Forever at the Zero Bound. Not only is the double step of return to QE with...Read More
Stewart Thomson, Graceland Updates 1. Is gold finally due to swoon or can it continue to rally?2. The naysayers point to overbought conditions on the weekly charts, COT reports showing a mammoth short position held by the commercial traders, and the upcoming stock market "crash season".3. The bulls point to a peaking US business cycle, inflationary and growth-destr...Read More
"Follow the trend lines, not the headlines," President Bill Clinton once said. I'm a news junkie myself, but I guarantee you I wouldn't be where I am today had I based every one of my investment decisions on what the talking heads tell me.The headlines might make it feel like our lives are progressively getting worse sometimes, but the trend lines tell a different story. We're living longer, hea...Read More
By: Ira EpsteinWeekly gold charts shows a bullish bias, but daily chart shows a different picture:Read More
Turkish steel producers have left the deep-sea scrap market silent for a second day this week due to slow trading conditions in the summer lull, sources said on Tuesday July 30.The mills booked four deep-sea cargoes last week but stepped away from the market at the end of the week.Some sources said that steel producers in Turkey still needed material for August shipments, however. But they will ke...Read More
Seaborne iron ore prices rose on Tuesday July 30 on news that production restrictions on steelmakers in northern China over August are likely to be relaxed. Fastmarkets' index for iron ore 62% Fe fines, cfr Qingdao: $119.61 per tonne, up $1.62 per tonne. Fastmarkets' index for iron ore 62% Fe Pilbara Blend Fines, cfr Qingdao: $119.53 per tonne, up $1.62 per tonne. Fastmarkets' index for iron ore 6...Read More
What does Facebook's recent announcement of their Libra project mean? And what is the future for the crypto/digital currency space in general? Join Mike Maloney as he gives his synopsis of a must-watch video from Erik Townsend, and emphasizes how important the choices we make in the next few years are. The outcome will be either freedom, or enslavement. Erik Townsend's video: https://www.youtube.c...Read More
TOPICS IN THIS INTERVIEW:01:05 Trump derangement syndrome and the enraged democrats!09:55 Can Trump prevail against his enemies and win 2020?15:55 Deep state agenda and the Space Force boosting the economy23:15 The mainstream media don't want you to know THE TRUTH!29:50 Bringing together truth seekers and how to contact Harley SchlangerHarley Schlanger's work can be found at LaRouchePAC.com.Read More
Peter Schiff is an internationally recognized economist specializing in the foreign equity, currency and gold markets. Mr. Schiff made his name as President and Chief Global Strategist of Euro Pacific Capital. He frequently delivers lectures at major economic and investment conferences, and is quoted often in the print media, including the Wall Street Journal, New York Times, Barron's, BusinessWee...Read More
Part 1 (part 2 below)"I do think that this is the beginning of the breakout of the consolidation that we've been in for the last several years, but ultimately I think gold's going to go quite a bit higher than $5,000." Part 2Peter Schiff is an internationally recognized economist specializing in the foreign equity, currency and gold markets. Mr. made his name as President and Chief Global Strategi...Read More
Max talks to China expert, Dan Collins, who discusses what to expect from the US trade delegation visit to Beijing. They also look at the rise of China as a rival power to the US with the new military bases and the rumors of a new port city being built in the Pakistani state of Balochistan, across the Gulf from Saudi Arabia. Max Keiser is an American broadcaster and film-maker. He hosts Keiser Rep...Read More