Turkish steel producers went back to buying deep-sea scrap on Thursday February 22, and paid comparatively higher prices, sources told Metal Bulletin.A steel mill in the Iskenderun region booked a US cargo, comprising 13,000 tonnes of HMS 1&2 (90:10) at $360.50 per tonne, 20,000 tonnes of shredded at $363.50 per tonne and 2,000 tonnes plate and structural scrap (P&S) at $368.50 per tonne cfr.Anoth...Read More
Investors Free Sign UpMember LoginBecome a MemberNews FeedsSubmit NewsEditor's PicksVideoPodcastsWine Down CornerCompaniesMarketplaceShop South African Gold Miner Offers Value Despite 'Flatter Medium-Term Outlook'Source: Streetwise Reports February 22, 2018 (Investorideas.com Newswire) David Haughton, an analyst with CIBC, reviewed this company's 2017 financials and 2018 guidance.Following Go...Read More
Taiwan saw a 25% year-on-year increase in ferrous scrap imports in December, according to the territory's customs agency.The island imported 236,058 tonnes of ferrous scrap during that month, 46,570 tonnes higher than the 189,488 tonnes it took in a year earlier, data from its Customs Administration...Read More
Investors Free Sign UpMember LoginBecome a MemberNews FeedsSubmit NewsEditor's PicksVideoPodcastsWine Down CornerCompaniesMarketplaceShop Dunnedin (TSXV: DVI) Reports New Diamond Target Area at Kahuna Project Vancouver, British Columbia - February 22, 2018 (Newsfile Corp.) (Investorideas.com Newswire) Dunnedin Ventures Inc. (TSXV: DVI) (the "Company" or "Dunnedin") today announced it has iden...Read More
Students plan to walk out of schools to protest gun violence. They say they won’t return until lawmakers do something to address school shootings.The students should walk out and never return. Being sitting ducks for gun violence is one reason, but it is far from the only one.1. Students Are Left DefenselessIt’s not just crazy gunmen students are left defenseless against. Some schools...Read More
Comex copper prices bounced-back on Thursday February 22 morning in the US, after a minor rout with a weaker dollar and solid US data lifted the complex.Copper for May settlement on the Comex division of the New York Mercantile Exchange rose 0.70 cents or 0.2% to $3.2230 per lb. With Chinese investors sidelined over the past week, the gyrations in the US dollar have been used as the barometer...Read More
Peculiar BehaviorAs I have shown in previous issues of Seasonal Insights, various financial instruments are demonstrating peculiar behavior in the course of the week: the S&P 500 Index is typically strong on Tuesdays, Gold on Fridays and Bitcoin on Tuesdays (similar to the S&P 500 Index). The quest for profitable foresight...[PT] Several readers have inquired whether currencies exhibit such patt...Read More
The metals prices on the London Metal Exchange on Thursday February 22 are down an average of 1.6%, with nickel prices down the most with a 2.3% decline to $13,460 per tonne and copper prices off 1.6% at $7,024 per tonne. With China back at work after the Lunar New year holiday, volumes on the LME have been high with 16,127 lots traded as of 07:32 am London time. Wednesday's trading had seen some...Read More
CloseGain/LossGold $1331.50+$7.00Silver$16.61+$0.13XAU80.02-0.61%HUI175.85-1.57%GDM608.39-0.43%JSE Gold1099.99-47.06USD89.77-0.28Euro123.29+0.37Yen93.85+0.82Oil$62.77+$1.0910-Year2.922%-0.014T-Bond143.09375+0.40625Dow24962.48+0.66%Nasdaq7210.09-0.11%S&P2703.96+0.10% The Metals: Gold fell $3.70 to $1320.80 in Asia, but it then rallied back higher for most of trade in New York and ended near...Read More
Porter and Buck welcome business leader and chairman of Forbes Media, Steve Forbes. They discuss why some Americans have lost the passion for free markets, what's happening on college campuses, and the enormous gap between productivity and stagnant wages. Steve demystifies the real relationship between gold and fiat paper currencies, how interest rate manipulation distorts financial markets, and t...Read More
If US President Donald Trump approves Section 232 recommendations made by the country's Commerce Department, it could threaten the European steel market with export reduction and the growth of redirected import flows, sources told Metal Bulletin.The decision, however, might also allow European exporters to sell increased quantities of long steel products into the US market, should President Trump...Read More
Richard Duncan and the host talk about Quantitative Tightening and the impact on the US Stock Market. The group has an in-depth discussion about the bond yield curve and how it might look as 2018 progresses. Richard Duncan has worked at the IMF and World Bank and has over 30 years of experience in financial markets.Richard Duncan is an author & economist who has worked as an equities analyst in Ho...Read More
By Gary SavageSometimes the volatility of daily price movement causes traders to lose sight of what is really happening. This video gives a refreshing view of the bigger picture for a number of markets using their weekly charts.https://blog.smartmoneytrackerpremium.com/ Read More
Rick Rule and good friend Doug Casey discuss the cyclical nature of commodity markets and the next bull market.Rick Rule, founder and chairman of Sprott Global Resource Investments Ltd., began his career in the securities business in 1974. He is a leading American retail broker specializing in mining, energy, water utilities, forest products and agriculture. His company has built a national reputa...Read More
China's domestic prices for hot-rolled coil were the same as those before the country's weeklong break on Thursday February 22 with major end-users yet to return, but higher bids from overseas buyers provided some support to the export segment.DomesticEastern China (Shanghai): 4,110-4,130 yuan ($648-651) per tonne, unchangedNorthern China (Tianjin): 4,000-4,030 yuan per tonne, unchangedInventory l...Read More
By Harris KuppermanAbout a year ago, I read The Great Beanie Baby Bubble by Zac Bissonnette. It details how basic human greed, an artificial sense of scarcity and newly created technology like eBay, were used to artificially inflate re-sale prices and convince otherwise intelligent humans to sink their life savings into plush toys that were being created by the millions at a price-point measured...Read More
Grant Williams questions the strength of the so-called synchronized global recovery.Part 1 (parts 2 & 3 below)Grant Williams explains his philosophy on precious metals and crypto-currencies.Part 2Grant previews his talk for the 2018 Sprott Symposium in Vancouver.Part 3Rick Rule, founder and chairman of Sprott Global Resource Investments Ltd., began his career in the securities business in 1974. He...Read More
Stocks dove late in Wednesday's session on news that the minutes from the January FOMC meeting were more than a little hawkish. From where we were sitting, the selloff looked like a brazen shakedown. It amounted to a 475-point reversal in the Dow, but that's the kind of plunge that Wall Street's thimble-riggers engineer whenever they are hungry for shares at bargain prices. For their part, the F...Read More