Indian domestic prices for secondary steel billet increased by 600 rupees ($8) per tonne over the week ended Friday August 30, even though the prices of semi-finished steel products slipped slightly toward the weekend.The price of steel billet, domestic, exw India, assessed by Fastmarkets on August 30, rose to 26,700-26,900 rupees ($372-375) per tonne compared with last week's assessment at 26,100...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
When we last spoke with Craig Hemke it was May 30, 2019. He vehement in his belief that a new gold bull market was underway. Almost 3 months later and we now know that Craig was right. He was hoping for a 1485 gold price, but his expectations have been exceeded. At this rate gold could be way over $1500 by December 31, 2019. And the stocks could really catapult and that would all be fine with Crai...Read More
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 circulated Trends Journal newsletter. Gerald Celente is a political atheist. Unencumbered by political dogma, rigid ideology or conventional wisdom,...Read More
David Stockman, former Budget Director for President Ronald Reagan, shares his insights on the Fed, markets and economy. David Stockman is a former Republican congressman from Michigan and was President Reagan's budget director from 1981 to 1985. After leaving the White House, Stockman became a managing director at Salomon Brothers, and he later founded a private equity fund. David is the founder...Read More
?EUR
On Tuesday, YouTube CEO Susan Wojcicki announced that the platform would invite "offensive" content back onto the site - writing in an open letter to YouTube creators "Without an open system, diverse and authentic Continue...Read More
No matter how much we stimulate the economy it's just going to get weaker, says Harry Dent. Watch now to get his recap on the week's financial news & why he thinks we're at a critical point in markets. 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 stu...Read More
Gerald gives an explosive conversation on the state of the markets, gold, the upcoming presidential election, and why he believes the next recession will be one for the ages. Gerald also reveals what you should be doing right now to prepare for it.*The interview begins at 7:48Gerald Celente is a pioneer trend strategist and founder of The Trends Research Institute. He is the author of the nation...Read More
Jeff Berwick walk and talk from Mexico City. Trump has become enamored of European style negative interest rates, what could possibly go wrong?Jeff Berwick is the founder of The Dollar Vigilante, CEO of TDV Media & Services and host of the popular video podcast, Anarchast. Jeff is known to be an anarcho-capitalist activist and has written extensively about the impending collapse of the US dollar-b...Read More
Prices in Southeast Asia's steel billet market fell on Friday August 30 after suppliers of Indian and Russian material lowered their asking prices to entice customers in the region, market sources said. Steel billet produced in India were available at $425-430 per tonne cfr Manila and $420-425 per tonne cfr to Indonesia. One shipment involving 10,000 tonnes of billet originating in India was repor...Read More
China's domestic rebar prices picked up some strength on Friday August 30 amid heightened trading activity in response to gains in the futures market.Domestic Eastern China (Shanghai): 3,540-3,590 yuan ($495-502) per tonne, up 10 yuan per tonneNorthern China (Beijing): 3,540-3,560 yuan per tonne, up 10 yuan per tonneTraders raised their prices slightly after rebar futures rose during the day. The...Read More
The monthly European alloy steel surcharges for September have surged upward from the August levels on higher nickel prices, Fastmarkets heard on Friday August 30.Fastmarkets' stainless steel cold-rolled sheet, 2mm, grade 304 alloy surcharge, domestic, Europe, rose to ?,?1,519-1,557 ($1,681-1,724) per tonne, according to data released by Outokumpu, Acerinox and Aperam. This was an increase of ?,?1...Read More
Grade-304 stainless steel flat product prices in Europe widened upwards this week, while mills confirmed that alloy surcharges for September would increase substantially, sources told Fastmarkets on Friday August 30. Fastmarkets' price assessment for stainless steel cold-rolled sheet, 2mm, grade-304, transaction domestic, delivered North Europe, was ?,?2,300-2,350 ($2,546-2,601) per tonne on...Read More
The VIX just booked its second straight monthly winAfter starting off gangbusters in the morning, it was a stumble toward the finish line for the Dow today. The blue-chip index finished right around breakeven, slowly whittling away triple-digit gains generated from early U.S.-China trade optimism. The S&P and Nasdaq joined the Dow in a mixed finish, but all three benchmarks did hang on fortheir fi...Read More
Fastmarkets MB has corrected its monthly values for European grade-304 stainless steel alloy surcharges, which were published incorrectly on Friday August 30. The Fastmarkets stainless steel cold-rolled sheet 2mm grade 304 alloy surcharge domestic, Europe price assessment was originally published at ?,?1,889-1,934 per tonne. This has now been corrected to ?,?1,519-1,557 per tonne. The Fastmarkets...Read More
The stocks tend to outperform in SeptemberThe retail sector has been firmly in focus this week, with several stocks seeing huge moves after earnings, including J.Jill (JILL) and Dollar General (DG). Sector peers L Brands Inc (NYSE:LB) and Ross Stores, Inc. (NASDAQ:ROST) could come into focus next month, too, with both showing up on Schaeffer's Senior Quantitative Analyst Rocky White's list of best...Read More
The Dow and S&P are pacing for a third straight daily winIt was another volatile week on Wall Street, driven by an onslaught of U.S.-China trade headlines. The bulk of the price action was to the upside as Washington and Beijing struck conciliatory tones toward trade negotiations, with Friday's gains putting the Dow and S&P 500 Index (SPX) pacing for a third straight daily win and on track to snap...Read More
The broader stock markets are struggling this afternoonStocks are struggling to maintain their early morning positive momentum this afternoon, though all three major market indexes are pacing toward their first weekly win of August. Two names making notable moves today are hospital operator Community Health Systems (NYSE:CYH) and bulk shipping specialist Eagle Bulk Shipping Inc. (NASDAQ:EGLE). Her...Read More
ALXN is clinging to its year-to-date breakeven levelOne of the worst stocks on the Nasdaq today is Alexion Pharmaceuticals, Inc. (NASDAQ:ALXN) down 9.6% to trade at $101.44 today. The U.S. patent office will review three patents for the drugmaker's rare disease treatment Solaris, after Amgen (AMGN) filed a petition challenging the patents. A final outcome is expected in 18-24 months. In response t...Read More