Flat steel import prices in the United Arab Emirates and Saudi Arabia have increased over the past week, although demand was only moderate, sources told Fastmarkets on Tuesday July 21.Demand was subdued because of the upcoming Eid Al-Adha religious holiday at the end of July. But prices went up because of high offers.India stopped offering flat steel to the UAE toward the end of last week and UAE...Read More
The US Department of Commerce has initiated anti-dumping and countervailing duty investigations into imports of standard steel welded wire mesh from Mexico, according to a release from the US International Trade Administration (ITA) dated Tuesday July 21.The probes follow petitions filed by Insteel Wire Products, Mid-South Wire Co, National Wire, Oklahoma Steel & Wire Co and Wire Mesh Corp, the re...Read More
Two separate strikes at ArcelorMittal steelworks in northern Spain have had little or no impact on output, the company said on Tuesday, July 21.Workers at ArcelorMittal Olaberria in the Basque Country region started industrial action on July 15 over a new collective labor agreement, with workers demanding "decent salary increases and pension fund retention," according to the LAB union.Arcelo...Read More
The price for steel billet imported into the United Arab Emirates has increased over the past week, with demand soft ahead of the Eid Al-Adha religious holiday, market sources said on Tuesday July 21.Eid Al-Adha was expected to be celebrated at the end of July, curtailing the demand in the country.The country's biggest producer, Emirates Steel, kept its rebar price unchanged at 1,773 dirhams ($483...Read More
Ferrous scrap prices in Mexico fell this week amid a weak steel market performance and increasing inventories, sources told Fastmarkets. Low steel production in the country sent scrap stocks higher during the week.Efforts to reduce prices in the country became more widespread last week, with more steelmakers cutting buying prices and additional sellers affected by previously announc...Read More
Turkish steel mills took a break from deep-sea scrap purchases Tuesday July 21, but still expected to book more cargoes for August and September shipments, sources told Fastmarkets.The most recent booking was from the Baltic Sea region, sold on Monday July 20 at $265 per tonne cfr on HMS 1&2 (80:20) basis. This compared with the previous Baltic Sea cargoes sold at the end of last week...Read More
Oliver Stone is an award-winning director, producer, screenwriter, and author. His memoir Chasing the Light is available on July 21, 2020. https://linktr.ee/OStoneRead More
Lior Gantz is back on the show to give us an update on what's taking place in the metals market. I'll ask him why Bitcoin is lagging, and we'll take your questions live. Lior Gantz has been called a thrill-seeking entrepreneur by his team, and as such, he built and runs numerous successful businesses, and has traveled to over 30 countries in the past decade in pursuit of thrills and opportunities,...Read More
A couple in St. Louis will face felony charges in their much-photographed defense of their home in a private, gated and locked community as BLM and other protesters broke through the gates and moved toward the couple's home. Justice...or an attack on property rights and the Second Amendment. Plus in today's Report: More threats to jail Covid-19 positive cases if they resist house arrest. Also - wh...Read More
What the gold sector has needed for years is generalist interest in the space, and one demographic in particular that has shied away from the sector is now showing unprecedented interest, according to Lobo Tiggre, principal analyst of the Independent Speculator."Young people today understand that there is a risk in calling something money that governments can create at will at no cost. That's comp...Read More
0:00 Introduction0:59 Historical parallel to current day?6:04 Modern-day Bolshevik Revolution7:08 Digitization of USD12:33 Gold standard has never worked14:45 Where do you find a safe-haven asset?16:30 Divided, toxic political environment18:37 USD probably will decline into election for fear of a Trump loss20:50 Commodities are going to rise24:50 Dow 40,000 is further out29:51 Armstrong Economics...Read More
ECONOMY: Cities are shutting back down. Group of 20 statement predicts big contraction in the balance of the year. Is this a double dip depression? Do stock prices depend on a return to normal? What happens if that is delayed or canceled? PRECIOUS METALS: Money is pouring into the gold/silver mining stocks Silver continues to outperform gold BROKERAGE INDUSTRY: 20,000 Robinhood traders are in for...Read More
Chinese state media has continued to indicate Western media is 'hyping' the dam's collapse. Flooding this week is expected to continue on the Huaihe River with no signs of abating. Continue...Read More
"We agree that white people's skin color plays into systemic inequalities and injustices, and we want our journalism to robustly explore these problems." Continue...Read More
Max and Stacy ask Craig Hemke why it is that these retail investors are not panic buying gold in the same way they are chasing bankrupt stocks higher. Continue...Read More
This week's EU announcement of a massive coronavirus bailout - featuring the first-ever "common" bond issuance - marks the birth of this new integrated Europe, in which all future debt is defacto German rather than French, Greek, etc.Continue...Read More
So here we are today, watching the Fed conduct another secret multi-trillion dollar bailout of Wall Street while the voices of Congress and mainstream media are no where to be heard. Continue...Read More
Seaborne iron ore prices increased on Tuesday July 21 after further concerns emerged over supplies from Brazil, sources told Fastmarkets.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $111.43 per tonne, up $1.89 per tonne. 62% Fe low-alumina fines, cfr Qingdao: $113 per tonne, up $1.56 per tonne. 58% Fe fines high-grade premium, cfr Qingdao: $100.36 per tonne, up $2.50 per...Read More
The long-awaiting day has finally arrived. After five long years, silver has finally reached its previous Continue...Read More
Precious metals are surging higher Tuesday, with both gold and silver hitting multi-year highs Continue...Read More