Reduced availability of hot-rolled coil in Europe from both mills within the region and from overseas suppliers has been supporting domestic prices, sources have told Fastmarkets.Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe, at ?,?487.81 ($569.82) per tonne on Thursday September 24, up by just ?,?0.20 per tonne from ?,?487.61 per tonne on Wednesday.Th...Read More
Imported billet prices in Egypt fell this week because of lower offers in the market, while local rebar prices remained unchanged, sources told Fastmarkets on Thursday, September 24.However, no bookings have been heard over the past seven days due to weak end-user demand.Demand has been hit by a slowdown in construction activity stemming from the government's building ban...Read More
Turkish domestic rebar and wire rod prices increased in the week to Thursday September 24 due to a weakening lira, with demand still only limited, sources told Fastmarkets.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), domestic, exw Turkey, was 4,100-4,120 lira ($534-536) per tonne, including 18% VAT, on Thursday September 24, up from 4,000-4,010 lira per tonne last week.S...Read More
Turkish export prices for long steel products have softened over the past week due to falling scrap values and sluggish demand, sources said on Thursday September 24.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), export, fob main port Turkey, was $455-460 per tonne on Thursday, compared with the $455-465 per tonne of last week.The country's steelmakers lowered their offers...Read More
Several Bangladeshi steelmakers have exited the market for imports of steel scrap in recent days, piling further pressure on already-weakening prices, market participants told Fastmarkets on Thursday September 24.No deep-sea bulk imports have been booked into Bangladesh over the past week, while deals for material in containers were closed at lower prices than in the previous week."I think Banglad...Read More
Turkish steel producers have continued their silence in the deep-sea scrap markets in hopes of pushing prices downward, sources told Fastmarkets on Thursday September 24.The country's steelmakers have been staying away from the deep-sea scrap market since September 9, when bookings were made at $301 per tonne cfr for HMS 1&2 (80:20).Although some US and Baltic Sea...Read More
The latest forecasts from Fastmarkets' team of analysts are ready to view.We do not consider the average iron ore fines price for September so far above $125 per tonne cfr Qingdao to be sustainable. The bullishness is not likely to last in the long term as we expect Chinese demand growth to slow down. A key factor boosting Chinese steel demand so far has been the stimulus policies from the authori...Read More
Best-selling author Robert Kiyosaki outlines a scenario of a gold and Bitcoin crash, but says it might be based on an illusion of an economic recovery."When the (COVID) vaccine appears and happy days are here again, the real problem has always been and remains the economy, the central banks, the repo market, central banks and U.S. Treasuries," the author of 'Rich Dad, Poor Dad' tells our Daniela C...Read More
Nassim Taleb, New York University distinguished professor of risk engineering, discusses what he sees as misconceptions about the coronavirus pandemic and comments on the Federal Reserve's shift in monetary policy. He speaks with Bloomberg's Erik Schatzker."The most underestimated risk in financial markets today is that the dollar ceases to be a reserve currency."Timestamps:1:27 how would you desc...Read More
How undervalued is silver? We all know that something just doesn't add up with the markets, but take a look at the amazing chart that Jeff Clark presents in today's roundtable video and you'll see why Mike Maloney and Chris Martenson were were both blown away.Jeff Clark is editor and lead writer of BIG GOLD, the monthly gold-investment newsletter from Doug Casey's Casey Research. He is also the Se...Read More
Jim Bianco joined Erik Townsend and Patrick Ceresna in the "post-game" of MacroVoices Episode #238. They discussed the upcoming election, the polls versus the betting markets.Jim Bianco is President and Macro Strategist at Bianco Research, L.L.C. Since 1990 Jim's commentaries have offered a unique perspective on the global economy and financial markets. Unencumbered by the biases of traditional Wa...Read More
Jordan Roy Byrne stopped by to bring us up to date on the precious metals bull market. As always, watch the Fed. When they change their policy from tight to more accommodative, watch out for gold/silver and mining stocks to go higher. The recession started in February, but it's going to be known as the Covid recession. We're seeing inflationary policies being implemented. Regional trade will becom...Read More
In this episode, Rice Crypto is joined by George Gammon, the Rebel Capitalist. We have a discussion that starts off about economics and takes a turn into the Federal Reserve and the economic crisis we are experiencing.George Edward Gammon is an American real estate investor and entrepreneur. He produces and stars in a popular YouTube Channel. Prior to 2012, George started, owned, and operated mult...Read More
Egon von Greyerz is founder and Managing Partner of Matterhorn Asset Management AG & GoldSwitzerland. Since the 1990s Egon von Greyerz has been actively involved with financial investment activities including mergers and acquisitions and asset allocation consultancy for private family funds. This led to the creation of Matterhorn Asset Management, an asset management company based on wealth preser...Read More
Jim saw the decline coming a few weeks ago. The sentiment was so one-sided bullish that it was inevitable. The recovery was starting to plateau and was running out of steam. The combination of what's happening in the US and the virus and Europe, finally caught up with the market and thus the decline we're currently experiencing. The Fed easing off the monetary gas pedal is going to have major effe...Read More
Want to know what you're NOT being told by official government, media, and banking sources about the REAL impacts of inflation on your savings, earnings, taxes, capital gains, investments, Social Security, and pension? Or how about the REAL trajectory of the economy, including sales and unemployment?John Williams, founder of ShadowStats.com, returns to Liberty and Finance to give us the true dish...Read More
Discussed in this interview:01:37 Staying the course to call out bubbles05:03 Fed Chair Jerome Powell watches the price of gold?07:56 Money printing shows the failure of the government and judicial system12:57 The bankruptcy of America20:06 Why we will go back to a gold-backed currency26:14 The future of money32:51 Irwin Schiff was right36:26 Be informed, get ready and take action to protect your...Read More
Dollar rallies in the face of stock market fall.Bubble stocks more bubblicious.Monetary stimulus only stimulates inflation.Daymond John wants the government to print more money.It's not an L-Shape or V-Shape recovery, because it's not a recovery.Too much can kicking has made the can too big.Democrats throwing stones from their glass house.Wells Fargo CEO shamed by race baiting mob for telling the...Read More
Panama makes it VERY easy for foreigners to obtain residency. The country's doors are wide open, welcoming foreigners to come and join in on the prosperity.Continue...Read More
Girl tased and arrested at an Ohio sporting event, sitting with her family for not wearing a mask. The officer removes his mask during the arrest and the second officer on the scene isn't wearing one at all!Read More