Metal Bulletin reviews the major stories that have affected the steel market over the past week.Once again, Metal Bulletin's team has written extensively about the effects of the United States government's recent decision to impose tariffs of 25% on steel imports. Reactions from global economies, the effect on US prices and market comments were all analyzed. You can find a summary of these analyse...Read More
John Bailey, the president of the Academy of Motion Picture Arts and Sciences, is under investigation for sexual harassment.Continue...Read More
By James TurkIn 1992 a book entitled "Bankruptcy 1995: The Coming Collapse of America and How to Stop It" hit the nation by storm. Written by Harry Figgie, a prominent businessman who had built a Fortune 500 company, and Gerald Swanson, an economics professor with expertise in public finance, it forecast that the US federal government would go bankrupt in 1995 and default.The default would arise...Read More
The gold miners' stocks remain deeply out of favor, trading at prices seen when gold was half or even a quarter of current levels. So many traders assume this small contrarian sector must be really struggling fundamentally. But nothing could be farther from the truth! The major gold miners' recently-released Q4'17 results prove they are thriving. Their languishing stock prices are the result of ir...Read More
SHANGHAI, Mar 16 (SMM) ? 1/4 ? To promote new energy cars, Xining city of Qinghai province will build 1,000 more charging stations for new energy cars in 2018, and to gradually replace all petrol- and diesel-powered taxis with electric ones, SMM learned from local authorities.The charging stations were introduced to Xining in 2016. At the end of 2017, there were 1,034 charging stations across 16 p...Read More
Some steel product prices in the United States have risen in response to the looming introduction of 25% tariffs on imports, while sentiment in steel markets outside the US has been dampened by fears of potential shifts in trade flows. US president Donald Trump signed the 25% tariff into law on March 8 after the conclusion of his government's Section 232 investigation, and from Friday March 23 the...Read More
By Alasdair MacleodThe measure of a man's real character is what he would do if he knew he would never be found out. Lord Macaulay wrote this nearly two hundred years ago. His aphorism is particularly apposite of modern politicians, and also of the modern state itself, which is meant to be selfless in the interest of the common good. We can be certain that when a person moves from outside to ins...Read More
By Avi Gilburt We have seen downgrade after downgrade on Barrick Gold (ABX) for years. Many keep looking lower and lower, with some even considering that this stalwart in the miners' complex may even go out of business due to its debt load.However, back in 2015, it was one of the first miners to bottom. In fact, when we saw the potential bottoming of ABX in 2015, we actually opened our EWT Miner...Read More
We have seen downgrade after downgrade on Barrick Gold (ABX) for years. Many keep looking lower and lower, with some even considering that this stalwart in the miners' complex may even go out of business due to its debt load.However, back in 2015, it was one of the first miners to bottom. In fact, when we saw the potential bottoming of ABX in 2015, we actually opened our EWT Miners Portfolio in Se...Read More
Is it time to break up the tech giants?A lot of people think Google, Amazon, and Facebook have become too powerful. Some even say that they're bad for capitalism.Continue...Read More
The gold miners' stocks remain deeply out of favor, trading at prices seen when gold was half or even a quarter of current levels. So many traders assume this small contrarian sector must be really struggling fundamentally. But nothing could be farther from the truth! The major gold miners' recently-released Q4'17 results prove they are thriving. Their languishing stock prices are the re...Read More
SHANGHAI, Mar 16 (SMM) – Production of lithium carbonate in February remained the same from January and stood at 8,000 mt, an SMM survey showed.Outputis likely to rise to above 9,000 mt in March. For editorial queries, please contact Daisy Tseng at daisy@smm.cn For more information on how to access our research reports, please email service.en@smm.cn Read More
IntroductionHugo Salinas Price wrote an excellent article called 'Bad karma brings bad consequences for those who practice it' on the unwanted consequences of the trade tariffs imposed by the US. He points out that the accumulation of US dollar reserves in the forex reserves of the central banks is a function of the foreign countries being able to sell (underselling) or export goods to the US. And...Read More
In my last Gold Report I provided you with two options, one to the upside and one to the downside for gold. The Outside breakout never came close to occurring but the downside did...sort of. Here's what I wrote about the downside."Assuming prices first breakout to downside by getting under 1309.00, buying at XXXX Put at the market would make sense. You're wrong if futures prices reverse and get...Read More
Indian local secondary billet prices recovered from a steep fall in the first two days of the current week to go up by about 700 rupees per tonne over the past three days on rising finished product prices.Prices for Indian domestic secondary billet, mainly produced via the induction furnace route, ended the week at 33,000-33,400 rupees ($508-514) per tonne ex-mill, narrowing from Metal Bulletin's...Read More
By Nathan McDonaldFor years, a trend has developed that, much to the dismay of global financial elites, has taken hold and will only accelerate from this point on. The trend I speak of is none other than the global repatriation of gold reserves from Western powers such as the United States and the United Kingdom. Since the end of World War 2, both have been the main depositories of gold reserves...Read More
Gold and silver fell on uncertainty in global financial markets. The USA is trying to blackmail South Korea over trade tariffs by saying that it will roll back military support. Black mailing will not work with South Korea. The USA needs South Korea as an ally MORE than the other way around. USA/NATO now wants to command the South China Sea and the Indian Ocean due to the mineral wealth under th...Read More
Some steel product prices in the United States have risen in response to the looming introduction of 25% tariffs on imports, while sentiment in steel markets outside the US has been dampened by fears of potential shifts in trade flows. US president Donald Trump signed the 25% tariff into law on March 8 after the conclusion of his government's Section 232 investigation, and from Friday March 23 the...Read More
Cycles, cycles everywhere. We've already discussed the current state of the U.S. business cycle, arguing that the expansion should last for a while, although it is more advanced than in Europe. However, business cycles aren't the only creatures living in an economic zoo. They are simply the most popular within the modern macroeconomics. The post-war business cycles lasted, on average, almost 6 y...Read More