China's hot-rolled coil sellers cut their prices on Wednesday July 24 amid weak demand, although some participants believe a rebound could take place in days due to ongoing production curbs in the northern region.DomesticEastern China (Shanghai): 3,830-3,850 yuan ($557-559) per tonne, down 50 yuan per tonneNorthern China (Tianjin): 3,830-3,840 yuan per tonne, down 20 yuan per tonneSpot prices fell...Read More
The price of mesh-quality wire rod in Southern Europe continued to narrow upwards week on week on Wednesday July 24, with Italian mills looking to raise their offer prices ahead of the summer slowdown, sources told Fastmarkets.Fastmarkets' weekly price assessment for steel wire rod (mesh-quality), domestic, delivered Southern Europe, was ?,?480-500 ($536-559) per tonne on Wednesday, narrowing...Read More
The domestic prices for hollow steel sections in both Northern and Southern Europe widened this week, with increases proposed for trading done after the summer break, sources told Fastmarkets on Wednesday July 24.Fastmarkets' price assessment for steel sections (medium), domestic, delivered Northern Europe, was ?,?615-630 ($687-704) per tonne on Wednesday, widening downward from ?,?620-630 per ton...Read More
The price for rebar produced and delivered in Southern Europe was unchanged week on week, with Italian mills continuing their attempts to raise prices before the traditional August holiday period, sources told Fastmarkets on Wednesday July 24."We are chasing a demand that is lacking. Buyers are reluctant to place new orders until they have a clear perspective on the price direction," one Southern...Read More
- Dave KranzlerTexas Instruments reported its Q2 yesterday after the close. Revenues were down 9% YoY for Q2 and management forecast an 11% decline for Q3. The stock market rewarded this fundamental deterioration in TXN's business model by adding nearly $8 billion to TXN's valuation as I write this.The Dow Jones Transports index is up 1% on the news that the U.S. is sending envoys over to...Read More
Gary Savage - gold, silver update:Gary Savage Read More
Stewart Thomson, Graceland Updates 1. At McDonald's restaurant, customers can "supersize" their food orders. Can gold supersize its awesome 2019 price action?2. Well, please click here now: https://gracelandjuniors.com/wordpress/wp-content/uploads/2019/07/2019jul23gold1.png 3. The technical action on this gold chart is spectacular!4. Gold has form...Read More
The bull market has been chugging along for more than ten years, so there's little point in pretending we know precisely where or when it will end. However, neither should we ignore the fact that the Dow, having traded as high as 27,399, is mere millimeters from a key 'Hidden Pivot' resistance at 27,463. As a practical matter, because this is a logical place for a top of at least middling impor...Read More
Three things/events/economic data which can affect gold and silver till next week.1. European Central bank meeting tomorrow.2. US GDP numbers on Friday. 3. US-China trade talks. I do not think FOMC meet will have any impact on metals, energies or the US dollar Index. Interest rate cut has been factored in by the market. Gold and silver short-term investors need to c...Read More
Danielle is unconvinced that the recent gold breakout has legs. She's not seeing inflation in the picture because wages are fairly stagnant and there's no catalyst on the horizon. Debt continues to increase at unsustainable rates and eventually that will lead to a deflationary decline. And right now the global economy is slowing down and the central banks have reacted by turning on the monetary sp...Read More
"Greenspan said we can print any number of dollars we need, and that's exactly what they did to the currency in Venezuela, Zimbabwe and the Weimar Republic. That gives you hyperinflation."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 (shadows...Read More
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 television appearances include "60 Minutes," "The Charlie Rose Show," Bloomberg TV, CNBC and other well-known financial news sources. His j...Read More
Gregory Weldon is CEO of Weldon Financial and Editor of the influential newsletters "Weldon's Money Monitor," the "Commodity and Currency Monitor," the" Metal Monitor," and the "ETF Playbook." He launched these macro-market publications, covering supply-demand fundamentals, along with technical, intermarket, and psychological insights, after building a successful career as a trader on Wall Street....Read More
Over the weekend, we published a write-up about Cornell professor and long time Zero Hedge friend Dave Collum appearing on the Quoth the Raven podcast to Continue...Read More
See the full news release: https://www.projectveritas.com/2019/0...Read More
"The Fed is softening people up, he said, so that if rates rise, it will do QE and then emulate the Bank of Japan and other central banks to take rates negative."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
The increasing intersection of geopolitics and economics presents new challenges to investors. Jim Rickards joins Robert & Kim to discuss his latest work into predictive analytics. Find out the real risks to your wealth and separate the hype from what's important.Robert Kiyosaki is best known as the author of Rich Dad Poor Dad, the #1 personal finance book of all time. His book titles hold four of...Read More
Democrats expected Russiagate fireworks from former special counsel Robert Mueller's long-awaited testimony on Capitol Hill, but were once again disappointed, witnessing only the last fizzles of a dying conspiracy theory.Many in the media had massively hyped Mueller's appearance, believing that his confident and clear testimony would make for must-watch television. Yet, when the messiah finally ap...Read More
Running back Adrian Peterson is the latest NFL star to find himself brokeContinue...Read More