Here are five Fastmarkets MB stories you might have missed on Wednesday August 28 that are worth another look.Australian lithium spodumene producer Galaxy Resources has bought Alita Resources' debt for $31.1 million, including interest, fees and costs.Chinese aluminium producers are ramping up production on improved aluminium prices, with output at one smelter - Shanxi Meixin Industry - now runnin...Read More
The price of steel hollow sections in the European domestic market has been reduced, with mills looking to stimulate demand by making lower offers, sources told Fastmarkets on Wednesday August 28.Fastmarkets' weekly price assessment for steel sections (medium), domestic, delivered Northern Europe, was ?,?585-630 ($649-699) per tonne on Wednesday, widening downward by ?,?30 per tonne.The correspond...Read More
Jordan Roy-Byrne Back during the bear market years (it's nice to be able to write that now), I regularly would compare the declines in Gold, Silver and gold stocks to their past history. It gave us a visual representation of just how bad the forever bear market was and helped us decipher when it might end.Thankfully that is all behind us.Now it's time to compare recent bullish moves to past iter...Read More
By: Ira EpsteinHoliday mentality. 18-DMA $1513+ and rising. $1,558 resistance area on Bollinger bands..Read More
The price of mesh-quality steel wire rod in the European domestic market was unchanged this week, although soft demand could put pressure on prices in the coming weeks, Fastmarkets heard on Wednesday August 28.Fastmarkets' weekly price assessment for steel wire rod (mesh-quality), domestic, delivered Northern Europe, was ?,?485-510 ($538-566) per tonne on Wednesday, unchanged week on week.Meanwhil...Read More
Turkish steel mills took a break from deep-sea scrap purchasing on Wednesday August 28, after booking a number of cargoes for September delivery over the past week, sources told Fastmarkets.Most recent bookings involved US and UK cargoes sold at $270 per tonne cfr for HMS 1&2 (80:20), dragging the daily indices down by almost $12 per tonne on Tuesday, August 27.But market participants were expecti...Read More
Grant's Interest Rate Observer Founder and Editor James Grant and CNBC's Rick Santelli discuss how radical policy begets radical policy.James "Jim" Grant is an American writer and publisher and the founder of Grant's Interest Rate Observer, a twice-monthly journal of the financial markets. He is the author , most recently, of The Forgotten Depression: 1921: The Crash That Cured Itself. Grant's tel...Read More
John Rubino is the founder and manager of the popular financial website DollarCollapse.com. Mr. Rubino is the co-author, with GoldMoney's James Turk, of The Money Bubble and The Collapse of the Dollar and How to Profit from It. He spent the 1980's on Wall Street as a Eurodollar trader, equity analyst and junk bond analyst. During the 1990's he was a featured columnist with TheStreet.com and a freq...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
Ron Paul weighs in on who stands to lose most from the imminent recession and how inflation "subsidizes corporations, big banks and the welfare state." Dr. Ron Paul is a physician and former twelve-term congressman from Texas who ran for president in 2008. He is the author of eight books, including the New York Times bestsellers The Revolution: A Manifesto and End The Fed. An unwavering defender o...Read More
"As a practical matter, the way we move forward on health care has to be recognizing people's current insurance system and allowing people to make choices," Continue...Read More
"The mission has always been making the neighborhood safer...We've had a lot of success in terms of deterring crime and solving crimes that would otherwise not be solved as quickly."Continue...Read More
The U.S. doesn't need China and American companies can take their manufacturing elsewhere, this according to Todd Horwitz, chief strategist at BubbaTrading.com."We do not need China, we can exist without China. They will have big trouble existing without us. They will go back into the dark ages," Horwitz told Kitco News. Read More
Peter Schiff is an internationally recognized economist specializing in the foreign equity, currency and gold markets. Mr. 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, BusinessWeek, Time...Read More
For several years Gerald Celente stated that until gold broke 1385 and then 1450 it wasn't going to move higher. In rapid fire succession gold has burst through those resistance points. Gerald believes that it's going much higher and will take silver along with it. War clouds are on the horizon in a number the theaters and it's just a question of which black swan crashes to earth first. Gerald say...Read More
Kevin O'Leary was a passenger in a boat his wife was driving that collided with another craft that had no navigation lights on, O'Leary claims. Continue...Read More
Democrat candidates are lining up with a numerous radical schemes to take your money.Continue...Read More
"Equity markets continue to look vulnerable, especially given the deeper inversion of the U.S. yield curve." Continue...Read More
A forgery crisis in the gold market is quietly taking hold of the industry. Continue...Read More
Precious metals expert Michael Ballanger discusses trends in the market and his recent trades.For those of you that have followed my raves and rants over the years, you are undisputedly aware of all of my biases when it comes to almost everything: bankers, politicians, invasive species, free market suppression, entitled Millennials, and finally, the utility of precious metals in a "financial order...Read More