Turkey has told the World Trade Organization (WTO) that it is planning to impose import duties on certain steel products from the European Union.On Monday May 25, Turkey informed the WTO that it plans to impose an additional duty of 9-17% on steel product imports from EU. The products to be affected are hot-rolled flat steel under HS code 7208, cold-rolled flat steel under HS code 7...Read More
Here are five Fastmarkets stories you might have missed on Wednesday May 27 that are worth another look.The annual sitting of the National People's Congress of the People's Republic of China and the Chinese People's Political Consultative Conference - widely known as the 'twin sessions' - in Beijing released a series of stimulus packages for the development of China's economy amid the Covid-19 pan...Read More
The Turkish deep-sea scrap import market was quiet on Wednesday May 27, with market participants returning after a four-day lockdown, sources told Fastmarkets.The whole country was under lockdown to prevent the further spread of the Covid-19 virus during the Eid al-Fitr celebrations - which are held to mark the end of Ramadan and took place between the night of Friday May 22 and the...Read More
Seaborne iron ore prices regained some stability with active trading on Wednesday May 27, after falls the previous day that were triggered by an easing of supplies from Brazil.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $95.37 per tonne, up by $0.09 per tonne.62% Fe low-alumina fines, cfr Qingdao: $98.00 per tonne, up by $0.03 per tonne.58% Fe fines high-grade premium, cfr Qingdao: $84....Read More
Cold War 2.0 with China has got off the ground and is gaining momentum. Some say Beijing must pay for the pandemic, while others claim it's an existential security threat to the Washington-centric world. Still, others say Washington simply can't concede that we now live in a multipolar world. Jim Rogers & Tom Watkins give their opinions.Jim Rogers co-founded the Quantum Fund with George Soros in 1...Read More
J. Michael Oliver entered the financial services industry in 1975 on the Futures side, joining E.F. Hutton's International Commodity Division, headquartered in New York City's Battery Park. He studied under David Johnston, head of Hutton's Commodity Division and Chairman of the COMEX. In the 1980s Mike began to develop his own momentum-based method of technical analysis. He learned early on that o...Read More
The case for owning precious metals is easy to make, especially silver. According to financial writer John Rubino, it now takes 100 ounces of silver to equal the value of 1 ounce of gold. That's a near record of 100 to 1 silver/gold ratio. Rubino contends, "The silver/gold ratio says silver is clearly a buy based on historical trends and the relationship between gold and silver. . . . You would ex...Read More
The global currency crisis of 2020 and beyond is here. In this interview Cambridge House CEO Jay Martin talks in-depth with Santiago Capital Manager Brent Johnson about the coming global currency crisis.Brent Johnson is popular for his Dollar Milk Shake Theory - A theory that argues that what counts in a global financially connected world is where the capital flows and not so much which central ba...Read More
For years it seemed as if there was an imbalance in the silver market. And while it was hard to know when the market would be repriced, in some ways it seemed inevitable.Now the signs continue to emerge that the market is under more pressure than ever, with a possible breakpoint within sight. Well-known London silver trader and whistleblower Andrew Maguire was kind enough to join me on this show a...Read More
Here are five Fastmarkets stories you might have missed on Wednesday May 27 that are worth another look.The annual sitting of the National People's Congress of the People's Republic of China and the Chinese People's Political Consultative Conference - widely known as the 'twin sessions' - in Beijing released a series of stimulus packages for the development of China's economy amid the Covid-19 pan...Read More
Bill Gates will get his wish. He will be able to reduce the population by 10%-15% by the age-old method of creating war.Continue...Read More
The markets have convinced themselves that they are in a win-win situation. This is not something Mohamed El-Erian feels comfortable about.Continue...Read More
The plan calls for players to earn their salary via a tier system. The more a player is scheduled to earn for the 2020 season, the less he retains under the plan.Continue...Read More
There are now over 11,000 covid-19 cases tied to Tyson Foods, Smithfield Foods and JBS. Despite the industry's best efforts, cases continue to rise rapidly. Continue...Read More
In addition to being isolated in their own homes, Americans have also been bombarded by endless coverage of this pandemic by the mainstream media, and this has definitely helped to fuel a lot of anxiety...Continue...Read More
Barry Ritholtz, Author of Bailout Nation, just got a bailout.Please note the $1.3 billion Ritholtz Wealth Firm Takes Out a PPP Loan.Continue...Read More
COMEX gold prices have been unable to gain traction above $1750 and move toward new highs. Why?Continue...Read More
The EU authorities will attempt at some point to demonetize gold. Theyy will do this to remove any path of resistance to their socialistic agenda.Continue...Read More
The Iranian export billet and slab market gained further ground in late May, supported by fresh bookings at higher price levels.Some market participants noted that customers, particularly in Southeast Asia, were interested in Iranian billet due to quicker delivery times compared with other suppliers - particularly those in the Commonwealth of Independent States.In China, Iranian billet w...Read More
The annual sitting of the National People's Congress of the People's Republic of China and the Chinese People's Political Consultative Conference - widely known as the 'twin sessions' - in Beijing released a series of stimulus packages for the development of China's economy amid the Covid-19 pandemic.Market participants harbor mixed sentiment over the impact of the policy measures. Here are eight...Read More