Domestic prices for rebar in Poland have been stable over the past week, sources told Fastmarkets on Friday February 1.Fastmarkets' price assessment for domestic 12mm B500B-grade rebar in Poland was steady at 2,170-2,240 zloty ($583-601) per tonne ex-works on February 1.The steelmakers, however, were expected to raise their offers because of expected growth in scrap costs and the effects of the Eu...Read More
Global scrap prices pushed upward during the working week from Monday January 28 to Friday February 1, driven by heightened demand due to restocking activity from steel mills worldwide. Steelmakers in Turkey secured at least 17 ferrous scrap cargoes over the past week, pushing Turkish scrap import prices and US ferrous scrap export prices higher during that period. Asian and Indian import pri...Read More
COT SPECIAL PUBLICATION SCHEDULE -- The last COT report was published on December 21, 2018. Reports going forward from that date will be published in chronological order beginning with the report previously scheduled for release on Friday, December 28, 2018 (based on data from Monday, December 24, 2018). The CFTC expects to publish this report on Friday, February 1, 2019. After this, the...Read More
By: Dave KranzlerLast month the Government's Bureau of Lies And Statistics served up an employment report purporting 312,000 new jobs in December. This despite massive seasonal retail lay-offs in the latter half of the month. The BLS happily counts those jobs when hired in October but forgets to remove them when are dismissed at the end of the holiday shopping season. As John Williams (Sh...Read More
By: Steve St. Angelo, SRSrocco Report Official gold purchases reached a new record in 2018 as central banks continued to diversify away from the U.S. Dollar. Not only was 2018 a banner year for central bank gold purchases, but it was also the highest amount for more than five decades. Central banks haven't bought this much gold in one year since Nixon ended the convertibility of the U.S. Do...Read More
While some may have been confused by Fed Chairman Powell's circular statements in yesterday's press conference, the takeaway should be abundantly clear: the period of Fed tightening, is over. The Fed will now hold steady on interest rates, and when they move again, they are more likely to lower rates than to raise them. And while the Fed's program of balance sheet reductions is technically still...Read More
Last year was admittedly a tough one for emerging markets. A number of currencies were under considerable pressure, with some of them falling to record or near-record lows against the strong U.S. dollar. Global trade tensions, threats of sanctions, rising U.S. interest rates and higher oil prices before they began to crater in October, that is also contributed to the selloff. From its 52-week hi...Read More
Courts in Brazil have ruled that up to 12.6 billion Reais ($3.44 billion) of Vale's assets and resources will be frozen after the rupture of a tailings dam at Vale's C??rrego do Feij??o iron ore mine, the miner stated on Friday February 1.The federal prosecutors' office, state prosecutors and the state government of Minas Gerais, where Feij??o is located made most of the complaints. Additionally,...Read More
Light iron steel scrap prices in the United Kingdom increased for the second consecutive week on tighter availability because collection rates have dropped off amid freezing temperatures in the week to Friday February 1.The move to higher prices is only the second increase since the start of November 2018, and puts the market at a level last seen on December 14. Major shredders need a high, steady...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
Please click here for the full transcript: http://financialrepressionauthority.c...Yra Harris is a trader with over 32 years of experience in all areas of commodity trading, with broad expertise in cash currency markets. He has a proven track record of successful trading through combination of technical work and fundamental analysis of global trends; historically based analysis on global hot money...Read More
Erik Townsend and Patrick Ceresna welcome Grant Williams back to MacroVoices. Erik asks Grant if we in a cyclical bear market and where he feels treasury bond yields are headed next. They discuss tensions between China and Taiwan, the rise of global populism and the future of France and Europe. Grant shares his update on how things are developing on Australian Real Estate and the risks of a recess...Read More
Portfolio Manager, attorney, finance author, a regular guest on North American media. Danielle Park is the author of the best selling myth-busting book "Juggling Dynamite: An insider's wisdom on money management, markets and wealth that lasts," as well as a popular daily financial blog: www.jugglingdynamite.com. Danielle worked as an attorney until 1997 when she was recruited to work for an intern...Read More
France's top legal advisory body has refused to prevent police from firing large rubber-balls at Yellow Vest protesters.Continue...Read More
New York will soon let life insurers use data from social media when setting premium ratesContinue...Read More
Turkish domestic rebar and billet prices continued to rise this week in response to rising deep-sea scrap costs, although demand for steel was weak due to the seasonal slowdown in the country's construction sector.Fastmarkets' weekly price assessment for domestic rebar in Turkey was TRY2,970-3,005 ($555-560) per tonne ex-works on Thursday January 31, up from TRY2,820-2,850 ($531-537) per tonne ex-...Read More
Click Here to Listen to the Interview - *the interview begins at 7:11Axel Merk of Merk Investments talks gold, the Fed, stocks and the dollar. And find out why he believes investors will soon realize that it DOES matter again about where you put your money.Click Here to Listen to the Interview - *the interview begins at 7:11Axel Merk is the Founder, President, Portfolio Manager, and CIO at Merk In...Read More
Jason talks about Wednesday's Fed announcement and how rate hikes and QT may be doneRead More
Rick Sanchez presents an incredible video of an Su-27 Russian fighter jet confronting an F-15 in midair at almost supersonic speed and discusses what the encounter illustrates about today's military technology. Then former naval intelligence officer John Jordan joins to share his insights and expertise.Read More