Prices for steel rebar and billet in the United Arab Emirates have remained stable over the past week, with demand poor after the Eid al-Adha religious holiday last week, sources said on Tuesday August 20.Market participants believed that demand would improve after the UAE's biggest producer, Emirates Steel, announced its new rebar price, which it usually does on the 20th day of each month.Domesti...Read More

The European Commission (EC) proposed some adjustments to the existing safeguard measures for steel product imports in Europe to the World Trade Organization (WTO) on August 14, Fastmarkets has learned.The definitive safeguard mechanism already in place increases the level of tariff-free quotas for each product category by 5% annually. The first liberalization took place on July 1, 2019, which was...Read More

China's domestic rebar prices stopped rising on Tuesday August 20 amid a weakening of steel futures and soft demand. Domestic Eastern China (Shanghai): 3,700-3,730 yuan ($524-528) per tonne, unchangedNorthern China (Beijing): 3,620-3,640 yuan per tonne, unchangedBuyers, having done some restocking on Monday, cut their procurement rates, which kept rebar prices from rising further, sources said. De...Read More

Demand for deep-sea scrap in Turkey remained sluggish because of the weak markets for finished long steel and billet, sources said on Tuesday August 20.There were only a few mills in the market looking to book scrap this week, while many other mills were quiet, and had halted or cut production, the sources said."I heard that three steel mills were looking for deep-sea material today," a Turkish mi...Read More

David Haggith Let me help remove the rose-colored glasses for anyone who still thinks GDP this year is good. First, GDP growth in the first quarter was not "great" as I've heard some claiming. It was, by US historical standards, mediocre. Second, the biggest tax cuts in history only got us down to 2.9% GDP growth for 2018. GDP growth had been pegged originally around 3.1%, but that was revised...Read More

- Clint SiegnerThe world has truly entered uncharted waters with negative interest rates spreading so far and wide. Frank Holmes, CEO of US Global Investors, recently noted that a whopping 25% of all bonds sold globally now carry a negative yield. "Investors" are even buying some "junk" rated bonds which will repay the bearer less than purchase price upon maturity. Now European banks, who ha...Read More

By: Ira EpsteinGold in a drift. Long-term, nothing bearish. The miners are different..Read More

Aug. 16th, 2019(S14-E709)Featured GuestsGerald Celente &Bill MurphyNote: Guest order via seniority.Please Listen HereInterview RecapBill Murphy of GATA.org returns with GATA.org's latest report on the stunning 3 month PMs rally.Once silver breaches $21 is breached, the next leg could send silver sky-high.The cost of living relative to typical domestic income per capita has increased sharply.T...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

The global economy is about to collapse into a depression worse than that of the 1930s, and its roots are deeper than trade wars, this according to Gerald Celente, publisher of The Trends Journal. "It's one big scam, it's ready to blow apart, it has almost nothing to do with trade wars and tariffs," Celente told Kitco News. The "Greatest Depression," as Celente calls it, will likely strike after t...Read More

The word "recession" has been thrown around a lot lately, putting many investors on edge. Robert Shiller, professor of economics at Yale University and co-founder of the Case-Shiller Index, and CNBC's senior markets commentator Mike Santoli, join "Squawk Box" to discuss the best metrics of investor sentiment.Robert Shiller is an American economist, academic, and best-selling author. He currently s...Read More

The "conspiracy" surrounding Mr. Epstein's death continues to get weirder and weirder. Continue...Read More

Seaborne iron ore prices continued to dip on Tuesday August 20 amid limited buying activity.Fastmarkets' index for iron ore 62% Fe fines, cfr Qingdao: $87.94 per tonne, down by $0.46 per tonne. Fastmarkets' index for iron ore 62% Fe Pilbara Blend Fines, cfr Qingdao: $88.32 per tonne, down by $0.46 per tonne. Fastmarkets' index for iron ore 62% Fe low-alumina fines, cfr Qingdao: $87.79 per tonne, d...Read More

"I am pleased to welcome back Dr. Hawk Sawyer as the Director of the Federal Bureau of Prisons. Under Dr. Hawk Sawyer's previous tenure at the Bureau, she led the agency with Continue...Read More

People are convinced that an INVERTED YIELD CURVE foretells of a recession. They have no idea about capital inflows. Even in Thailand, which has benefited greatly from theContinue...Read More

Just this past week, gold prices hit all-time highs in most major currencies. The British Pound... the Canadian Dollar... the Australian Dollar... the Indian Rupee... the Japanese Continue...Read More

For Part 1 of this interview, CLICK HEREMax continues his interview with Karl Denninger of Market-Ticker.org. They discuss the economic platforms of the candidates for the Democratic party nomination for president: from Elizabeth Warren's antitrust policies to Tulsi Gabbard's anti-war platform and all the universal basic income ideas in between.Max Keiser is an American broadcaster and film-maker....Read More

Continue...Jim Rogers co-founded the Quantum Fund with George Soros in 1973, helping to steer the fund to a 4200% return before "retiring" at age 37. He is considered to be one of the greatest investors of all time. Rogers has made two record-setting journeys - once by motorcycle and once by car - and is in the Guinness Book of World Records for doing so. In between his frequent travels, he has se...Read More

Four Chicago Teachers Union representatives went to Venezuela, a failed nation, singing praises of its corrupt leader.Continue...Read More

Consider this chart of the SPX (S&P 500) over the past two years: take a look at the relative steepness of each of the red lines (rallies), the duration of each rally (purple lines), theContinue...Read More