Topics:Gold prices tease $1900.Big gains in silver, but that bull market has barely started.CNBC oblivious to what this means for economy.Trend broken of declining unemployment.A dollar crisis is much worse than a financial crisis.Wall Street learned nothing from 2008.My recent appearance with Liz Claman: https://youtu.be/eDDaz6Z108IPeter Schiff is an internationally recognized economist specializ...Read More
When a market is this overbought, there is virtually no room for immediate improvement or upside. Continue...Read More
I maintain that you should never deal with any New York bank for you will NEVER be able to prevail in any confrontation. They own the entire system.Continue...Read More
"There is no doubt about it - this is a complicated and quickly evolving retail environment and only the most nimble will survive, says Retail Expert and president of Naples-based Business Management Firm 'Third Eye Management' Karl Gibbons. Karl M. Gibbons is the President, Problem Solver & Rainmaker at Third Eye Management as well as a serial entrepreneur who has created and sold four multi-mill...Read More
She is one of four Chinese researchers accused of concealing their links with the People's Liberation Army (PLA) of China. The FBI warns that more of their colleagues are operating in more than 25 American cities.Continue...Read More
"Every nation will have to come to its own understanding of how to protect its national security, its economic prosperity, and its ideals from the tentacles of the Chinese Communist Party." Continue...Read More
Gibson was seen at a grocery store in California with his girlfriend in March just before his hospitalization. Continue...Read More
Investors are just beginning to move into the precious metals to protect wealth. Continue...Read More
Precious metals prices are once again on the rise this morning with spot gold prices back above $1900...Continue...Read More
World crude steel production for the 64 countries reporting to the World Steel Association (Worldsteel) fell 7% year on year in June 2020.Global output was 148.30 million tonnes in June 2020 down from 159.54 million tonnes in the same month in 2019.China contributed the most to global crude steel production both in June and in the first six months of 2020, producing a total of 91.58 mill...Read More
The majority of South American import prices for flat-rolled steel went up during the week to Friday July 24 with new offers getting more expensive and lower bids from customers being rejected.Importers, on the other hand, were increasingly looking elsewhere for their steel product needs, because their tentative buying prices were not accepted. Market participants were reporting more deals for Bra...Read More
Brazilian export prices for steel slab increased in the week ended Friday July 24, because demand was recovering amid tight material availability.Fastmarkets' weekly price assessment for steel slab, export, fob main port Brazil, was $380-390 per tonne on Friday, an increase of $5-10 per tonne from $375-380 per tonne in the previous week.Signs of a demand revival have appeared in...Read More
The manganese ore index 37% Mn, cif Tianjin, has soared and slumped since March, with South African supply initially tightening and then ramping back up after restrictions were lifted.Read More
Turkish prices in the domestic market for hot-dipped galvanized coil (HDG) and color-coated coil increased in the week to Friday July 24, supported by higher feedstock prices, sources have told Fastmarkets.Fastmarkets' weekly price assessment for steel HDG, domestic, exw Turkey, was $610-625 per tonne on July 24, up by $5-15 per tonne over the week from $605-610 per tonne on July 17.And Fastmarket...Read More
Three-month base metals prices on the London Metal Exchange were mostly lower at the close of trading on Friday July 24, with a continued uptrend in the numbers of Covid-19 cases in the US prompting broad risk-off sentiment across the country's trading hours.Disappointing US manufacturing data added further headwinds.Copper's outright price on the LME was the biggest loser on the day, declining by...Read More
Seaborne iron ore prices fell on Friday July 24, following a downturn in the futures market amid growing concerns over escalating tensions between China and the United States. Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $109.39 per tonne, down $0.73 per tonne. 62% Fe low-alumina fines, cfr Qingdao: $111.56 per tonne, down $1.24 per tonne. 58% Fe fines high-grade premium, cfr...Read More
Seaborne coking coal prices were relatively stable across the board on Friday July 24, with Chinese steel mills that still have import quotas preferring higher-quality material, sources told Fastmarkets.Fastmarkets indices Premium hard coking coal, fob DBCT: $108.22 per tonne, down $0.80 per tonne Premium hard coking coal, cfr Jingtang: $119.39 per tonne, up $0.70 per tonne Hard coki...Read More
Domestic prices for both hot-rolled coil and cold-rolled coil in Turkey have increased over the week to Friday July 24, supported by higher raw material costs, sources have told Fastmarkets.Fastmarkets' weekly price assessment for steel HRC, domestic, exw Turkey, was $450-460 per tonne on July 24, up by $10 per tonne week on week from $440-450 per tonne on July 17.The assessment was based on avera...Read More
Three-month base metals prices on the London Metal Exchange were mostly lower at the close of trading on Friday July 24, with a continued uptrend in the numbers of Covid-19 cases in the US prompting broad risk-off sentiment across the country's trading hours.Disappointing US manufacturing data added further headwinds.Copper's outright price on the LME was the biggest loser on the day, declining by...Read More
An overview of the battery raw materials markets and their latest price moves.Read More