Ontario's Government for the People is supporting economic growth, job creation and resource development in northwestern Ontario by providing certainty around the construction of a new transmission line between Thunder Bay and Wawa.Greg Rickford, Minister of Energy, Northern Development and Mines and Minister of Indigenous Affairs visited Fort William First Nation today to announce that Ontario ha...Read More
There's a dirty little secret that investors seemingly try their best to ignore.You won't see it floated in media headlines.It's doesn't generate clicks, it doesn't get likes, and worst of all is that it's boring.Yet it's one of the easiest investing axioms that individual investors like you and I can use to truly create life-changing wealth.Now, here's the best part: All it takes is a little pati...Read More
ArcelorMittal Brasil intends to reduce its primary production of crude steel at its electric-arc furnace (EAF) in Barra Mansa city, in Brazil's south-eastern Rio de Janeiro state."We have recently announced a temporary reduction in primary steelmaking activity at our Barra Mansa site," ArcelorMittal told Fastmarkets on Wednesday February 6."There will be no effect on finished steel production from...Read More
The price for rebar produced and delivered in Southern Europe remained flat on Wednesday February 6, while market participants absorbed the implications of new import quotas that in some cases may have already been fully allocated.Fastmarkets' weekly price assessment for domestic rebar in Southern Europe stayed at ?,?510-520 ($582-594) per tonne delivered on Wednesday, but prices could soon come u...Read More
The Wednesday Market Minute Global stocks drift lower as investors find little detail on trade and policy from President Donald Trump's State of the Union address.European stocks slide as Germany's powerful manufacturing sector sees a slump in industrial orders and luxury carmaker Daimler cites global trade tariffs as operating profits fall 22%.Oil prices retreat as the dollar rides modest gains...Read More
European prices for mesh-quality wire rod stayed flat across the continent on Wednesday February 6, with the initial reaction to the European Commission's (EC) new import quotas suggesting an uncertain supply picture for the rest of the first quarter of 2019.Fastmarkets' weekly domestic price assessments for mesh-quality wire rod in both Northern and Southern Europe stayed at ?,?530-550 ($605-628)...Read More
The environmental secretariat of Brazil's southeastern Minas Gerais state, Semad, has suspended a license granted in 2015 for Vale to operate the Laranjeiras tailings dam, connected to the Brucutu iron ore mine.The decision follows a court ruling that ordered the suspension of the Brucutu mine, according to Vale, and it makes any restart of the mine's operations more difficult."The resumption of t...Read More
Turkish deep-sea scrap import prices were stable on Wednesday February 6 despite news of a freshly booked cargo, sources told Fastmarkets.A steel mill in the Marmara region booked a European cargo comprising 12,000 tonnes of shredded at $328 per tonne cfr and 6,000 tonnes of busheling at $359 per tonne cfr for March shipment.Offer prices...Read More
Brazilian miner Vale has declared force majeure on a number of iron ore and pellet contracts with customers, following the halt of its Brucutu mine in the state of Minas Gerais, the company said on Tuesday February 5.A court in Belo Horizonte, the capital of Minas Gerais, has prohibited Vale from using eight tailings dams on February 4, with Brucutu being the most-affected operation. Annual output...Read More
CIS export billet prices have soared in the past few days, supported by the sharp rise in the global scrap market. Customers in turn accepted higher prices amid expectations of further price increases in the week ahead, Fastmarkets heard on Wednesday February 6.Fastmarkets' daily CIS export billet index was $442 per tonne fob Black Sea on Wednesday, up from $430 per tonne fob a day earlier.Several...Read More
By: Craig Hemke, TF MetalsIt has been a few weeks since we focused on palladium... and the last three weeks have been eventful for our new friend. He's been punched lower, but has crawled up off the mat each time. And now he appears ready to make another batch of new all-time highs.If you've been following along, then you'll recall that Mr. Palladium became our new friend back in the late summer...Read More
By: Ross NormanIf, as they say, it is darkest just before the dawn, then surely for gold at least, the sun must be cresting the horizon now ?After seven disappointing years - in US dollars at least - it is hard to shake off some scepticism. That said, gold is showing vigour in no less than 72 currencies where it is at or close to an all-time high - see hereLooking ahead - it is our view that go...Read More
Washington, DC (February 5, 2019) - A member of the U.S. House Financial Services Committee today pressed the Commodities Futures Trading Commission (CFTC) on its conspicuous failure to uncover the very silver market manipulation now being prosecuted by the U.S. Department of Justice. In a probing letter dated February 5 to CFTC Chairman J. Christopher Giancarlo, Rep. Alex X. Mooney (R-WV) writ...Read More
By: Ira EpsteinMetals very mixed going into the State of the Union address:Read More
Trump's new tax code will be reflected in this year's returns. Tom Wheelwright joins Robert to discuss the changes in the tax code, and how you can make more money and pay less taxes. Tom also discusses the questions everyone should be asking their CPAs.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 the top 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
Jordan Roy-Byrne, Founder of The Daily Gold shares some bullish developments for GDXJ and GDX. There are key background indicators such as breadth and the advance/decline line that not everyone follows. Jordan breaks down the recent turn to bullish for these indicators that can enable the gold stocks to run higher.Jordan Roy-Byrne, CMT is a Chartered Market Technician and member of the Market Tech...Read More
Two of the internet's biggest personalities clash.Part 1 (part 2 below) - Joe Rogan responds to Alex Jones:Part 2 - Alex Jones declares war on Joe Rogan:Read More
Daniel McAdams of the Ron Paul Institute joins Scottie Nell Hughes to discuss how anti-Maduro propaganda is paving the way for warfare. He says "Venezuela is only step one in a bigger plan" and that overthrowing Maduro's government will be followed by attempts at regime change in Nicaragua and Cuba. If the US really wanted to help the Venezuelan people, McAdams argues, it should simply lift the sa...Read More
* Two binding bids in coal plants sale* One bid from Greece's GEK Terna, Czech Seven Energy, sources say* Second bid by Greek industrial group Mytilineos -sources* PPC seeks higher price, board to meet this week to decideGreece's Public Power Corp. (PPC) is seeking a higher price from two bidders for three coal-fired plants it is selling to boost competition in the energy market, a company source...Read More