Iron ore futures gained again on Wednesday October 21, following an uptrend in steel futures amid a drop in steel inventories, with the seaborne market remaining stable on limited trading activity, sources said. Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $120.49 per tonne, up $0.88 per tonne62% Fe low-alumina fines, cfr Qingdao: $120.64 per tonne, up $0.59 per tonne58% Fe fi...Read More
Keith Neumeyer, CEO of silver miner First Majestic, speaks with Daniela Cambone about the recent record settlement from JP Morgan regarding the spoofing of metal prices. The bank was forced to pay close to $1 billion in fees to resolve claims of market manipulation involving two of its trading desks- the largest sanction ever tied to the illegal practice known as spoofing. Neumeyer also talks abou...Read More
Doug Casey says the good news is, "The situation is hopeless but NOT serious". In Today's episode, he applies his life philosophy to the "hopeless" situation we find ourselves in. It turns out there is much that we can do, but it's probably not what you think.Doug Casey is an American-born libertarian economist and advocate of the free market. He is a bestselling financial author, international in...Read More
The future for cryptocurrencies is bright, but one thing that has held it back from being adopted by the masses is its ability to be used in the existing financial system. As crypto continues to grow, today's guest believes you're going to need the ability to earn interest on your Bitcoin, to use your Bitcoin as collateral for a loan, and the ability to seamlessly transfer and integrate your Bitco...Read More
John's article: https://www.dollarcollapse.com/least-important-election/John Rubino is the founder and manager of the popular financial website DollarCollapse.com. Mr. Rubino is the co-author, with GoldMoney's James Turk, of The Money Bubble and The Collapse of the Dollar and How to Profit from It. He spent the 1980's on Wall Street as a Eurodollar trader, equity analyst and junk bond analyst. Dur...Read More
Chris Vermeulen has been involved in the markets since 1997 and is the founder of Technical Traders Ltd. He is an internationally recognized technical analyst, trader, and is the author of the book: 7 Steps to Win With Logic.Known primarily by his nickname "Turd Ferguson," Craig Hemke is the founder and editor of the popular TF Metals Report blog and podcast, covering precious metals, the financia...Read More
On electoral votes Trump should win again. Turnout will be at least 55% or even 61%. The model has never been wrong. It also shows that this election will be the most corrupt election in history, with Big Tech conspiracies and mail fraud and who knows? It may take 2 weeks to know who actually won. Hard to say because it's so rigged and they are so desperate to toss out Trump, in furtherance of the...Read More
'While the Department of Education purports to be concerned about threats, it has consistently failed to respond to repeated requests for clarity, transparency, and guidelines,' Continue...Read More
Iranian steel slab producers reduced their asking prices for export sales in the week ended Wednesday October 21 on a lack of customer interest in some major outlets.Khouzestan Steel, one of the country's major slab producers, reduced its price to $440 per tonne fob Southern Iranian ports from $450 per tonne fob a week earlier."Slab is subject to tough negotiations. Clients are afraid to buy, even...Read More
Doug Casey explains why this decade is probably going to be the most dangerous since the Industrial Revolution overturned the basis of society over 200 years ago.Continue...Read More
Gregory Mannarino started his career working for the securities and trading arm of the now defunct Bear Stearns before the dot-com bubble. After realizing that working on Wall Street was not like the movies, he moved on to get a medical degree and practiced medicine as a Physician Assistant. He also served in the United States Naval Reserve Medical Service Corps, having attained the rank of Lieute...Read More
"At no time before, during, or after the interview was I ever inappropriate. If Sacha Baron Cohen implies otherwise he is a stone-cold liar.Continue...Read More
Rudy Giuliani's reputation could be set for a big blow with the release of highly embarrassing footage in Sacha Baron Cohen's follow-up to Borat.Continue...Read More
They "knowingly and intentionally conspired and agreed with others to aid and abet" the dispensing of medication from doctors "without a legitimate medical purpose and outside the usual course of professional practice,"Continue...Read More
Whoever wins, we lose. That's why I'm putting my money on gold. Other investors appear to have done the same. The yellow Continue...Read More
The arrival of lower-priced cargoes and weakening downstream demand weighed on the market for UG2 chrome ore in China in the week ended Tuesday October 20, although liquidity was light.Fastmarkets' chrome ore South Africa UG2 concentrates index, basis 42%, cif China, fell by $4 per tonne (-2.9%) to $135 per tonne on Tuesday, from $139 per tonne a week earlier."More people are looking to sell than...Read More
A global boom in home appliance sales during the Covid-19 pandemic is causing a shortage in flat steel supplies in China, and in turn supporting prices, Fastmarkets has heard.Jiang Yuan, deputy director of the Department of Industrial Statistics at the country's National Bureau of Statistics (NBS), said that China's output of home appliances including fridges and ovens rose by more than 26% year-o...Read More
The European Commission (EC) has opened an anti-dumping (AD) probe into imports of steel wind towers originating in China, the commission said on Wednesday October 21.The investigation started after the European Wind Tower Association lodged a complaint on behalf of European producers on March 17 - the association represents more than 25% of the total European production of steel wind towers.The p...Read More
Crude steel output in Germany continued to fall in September but the pace of decline is slowing, while output from electric-arc furnaces (EAFs) has shown positive dynamics for the first time since February, German steel federation WV Stahl said on Wednesday October 21. Crude steel production in Germany has been declining since the beginning of 2020 due to the effects of the Covid-19 pandemic on th...Read More
Novolipietsk Steel (NLMK) - the largest steel producer in Russia - will start the rolling mill modernization at its Belgian subsidiary NLMK Clabecq, the company said on Tuesday October 20.A ?,?30 million ($35 million) plate rolling mill upgrade will include the installation of a new descaling system with two new descalers and the modernization of the four-stand finishing mill, NLMK said.Despite th...Read More