The price of mesh-quality steel wire rod in the Northern European domestic market moved down this week amid poor demand from the key German market, sources told Fastmarkets on Wednesday September 11.Fastmarkets' weekly price assessment for steel wire rod (mesh-quality), domestic, delivered Northern Europe, was ?,?460-470 ($508-519) per tonne on Wednesday, down by ?,?10-30 per tonne week on week.Th...Read More

The price of steel rebar in the domestic market in Southern Europe was unchanged this week but lower prices were expected to emerge next week because of softer ferrous scrap costs, sources told Fastmarkets on Wednesday September 11.Participants said that there were rumours in the market that low prices had been offered to so-called 'tier one' customers - that is, those buying the largest volumes....Read More

The price of steel rebar in the Northern European domestic market decreased this week because of weak demand and low ferrous scrap prices, sources told Fastmarkets on Wednesday September 11.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), domestic, delivered Northern Europe, was ?,?475-490 ($525-541) per tonne on Wednesday, down by ?,?15-25 per tonne week on week.The primary...Read More

Turkish steel mills stayed out of the deep-sea scrap market and continued to push for lower prices on Wednesday September 11, sources told Fastmarkets.There have been no bookings confirmed since a steel mill in the Izmir region booked a Baltic Sea cargo of 25,000 tonnes of HMS 1&2 (80:20) at $240 per tonne cfr late on Monday.The steel mills...Read More

Seaborne iron ore prices continued to strengthen on Wednesday September 11, closing in on $95 per tonne cfr China.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $94.66 per tonne, up $1.44 per tonne.62% Fe Pilbara Blend fines, cfr Qingdao: $95.05 per tonne, up $1.44 per tonne.62% Fe low-alumina fines, cfr Qingdao: $92.95 per tonne, up $1.92 per tonne.58% Fe fines high-premium...Read More

David HaggithTwo weeks ago a former Federal Reserve board member and bank president, William Dudley, wrote an editorial that encouraged the Fed use its powers to defeat Donald Trump's second bid for the US presidency. I don't recall choosing presidents as being listed in the Fed's two mandates controlling inflation while maximizing employment.For an organization that has been speaking a lot la...Read More

WHAT BIG CON? There are so many in the worlds of central banking, economics, government, and money that we list only a few.We Need A Central Bank: Mainstream Media (MSM), politicians, and bankers promote this lie. It's not true.Debt can increase forever without material consequences. This is a dangerous con. Debt matters and will cause major pain in the next five years. Don't believe the MSM...Read More

Stewart Thomson, Graceland Updates 1. Is the gold price reaction over? 2. Well, since the rally began in the $1170 area, corrections have not lasted very long. 3. After rallying to the $1566 area, gold has pulled back to about $1500. Please click here now: https://gracelandupdates.com/wordpress/wp-content/uploads/2019/09/2019sep10gold1.png Double-click to enlarge. Strong...Read More

Iron ore miner Rio Tinto and trader Cargill have concluded the first fully integrated paperless transaction for iron ore, marking a key step toward the digitization of commodities trading.The transaction involved Rio Tinto selling a bulk shipment of iron ore originating in Australia to a Cargill customer in China last month. The trade was completed using contract automation systems provider Chinsa...Read More

The gold price has made a strong move upward in the summer months, rising from below US$1,300 per ounce in May to over US$1,500 in August. #PreciousMetalsSummit #GoldPriceThe yellow metal has for the most part continued to hold above that level in September, and its activity has sparked optimism in the gold space. However, Mercenary Geologist Mickey Fulp believes market participants need to remain...Read More

Firing National Security Advisor John Bolton gives US President Donald Trump a chance to move foreign policy in a more peaceful direction - as long as he's not replaced with another hawk, former congressman Ron Paul told RT.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 bestselle...Read More

"The Fed was working against him (President Trump) on the economy, and they still are." Walter J. "John" Williams has been a private consulting economist and a specialist in government economic reporting for more than 30 years. His economic consultancy is called Shadow Government Statistics (shadowstats.com). His early work in economic reporting led to front-page stories in The New York Times and...Read More

Links to slides and sources: https://www.itmtrading.com/blog/hyper...Question 1. Stephan F: I believe the S.O.F.R. Futures rate will be replacing the LIBOR. If this is true can you please explain what it is and the significance of the change?Question 2. JLL: I understand that hyperinflation is headed our way because of central banks massive paper printing. But how do you end hyperinflation? How lo...Read More

Inoue believes that a person's writing ability should not be assessed, in order to promote "anti-racist" objectives.Continue...Read More

"It was obvious that Mr. Assange's health has been seriously affected by the extremely hostile and arbitrary environment he has been exposed to for many years. Continue...Read More

The two talked about recession fears, what's causing them - at home and throughout the world - and also a bit about what Lacy thinks will happen politically and economically in 2020.Continue...Read More

Gregory Mannarino started his financial career working for the securities and trading arm of the now defunct Bear Stearns before the dot-com bubble. He is an active trader of the capital markets and has published several books pertaining to finance, global economics, and equity trading; His most recent book is titled Ultimate Guide To Money and The Markets (free ebook). Gregory currently hosts a b...Read More

Until we come to realize WHY Donald Trump was really elected, there is little hope that politics will change for those in power want to believe that the great unwashed are Continue...Read More

Danielle explains why the U.S. Labor market isn't as healthy as Powell's recent speech would lead us to believeFree sample issue of Danielle's subscriber letter containing a full description of her argumentsMark Carney's pitch for a "multi-polar" reserve currency at Jackson HoleDanielle DiMartino Booth spent nine years as an advisor to Richard W. Fisher at the Federal Reserve Bank of Dallas. Danie...Read More

The Iranian export market for steel billet and slab has been largely quiet in the week to Wednesday September 11 amid a mismatch between mills' offer prices and customers' bids as well as religious holidays on Monday and Tuesday.Most billet suppliers in Iran chose to show caution while they attempted to assess the situation, after a sharp drop in the global billet and scrap markets.Some market sou...Read More