Prices for hollow steel sections in Europe moved downward this week, with demand almost non-existent despite restarts by Italian mills, sources told Fastmarkets on Wednesday April 22.Fastmarkets' weekly price assessment for steel sections (medium), domestic, delivered Northern Europe, was ?,?585-600 ($634-651) per tonne on Wednesday, down from ?,?590-610 per tonne one week before.This week, all ey...Read More
Steel rebar prices in Europe declined over the week on slow buying and lower scrap costs in some regions, sources told Fastmarkets on Wednesday, April 22.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), domestic, delivered Southern Europe, was ?,?440-470 ($475-508) per tonne on April 22, down from ?,?450-470 week on week.The assessment includes deals and offers heard in the...Read More
Here are five Fastmarkets stories you might have missed on Wednesday April 22 that are worth another look.The Covid-19 pandemic could nudge Chinese steelmakers toward using more electric-arc furnaces (EAF) to produce steel, market sources say.Aluminium stocks on the London Metal Exchange continue to rise and there is now a lack of warehouse space in key Asia locations in a situation that mirrors i...Read More
Turkish steel producers continued to stay away from the deep-sea scrap import markets amid weak finished steel demand and lower steel output because of the Covid-19 pandemic, sources said on Wednesday April 22.Having booked at least seven deep-sea cargoes last week, totaling almost 220,000 tonnes, market participants believe the mills have enough scrap for now."I can say there is no trad...Read More
It's been three years since I made the trek up to Seattle to interview celebrated short seller Bill Fleckenstein on the topics of, "Central Bankers, Financial Bubbles and White Burgundy." With a global pandemic now threatening to burst these bubbles, forcing central bankers into even more extreme monetary policies, I thought it was an opportune time to reconnect with Bill and get his thoughts on h...Read More
"If we lose our heads in times like this, people are going to take advantage of us."Read More
Could the current crisis in the oil markets lead to war? Join Mike Maloney as he presents data that shows the true extent of the massive body blow received by US oil industry. There's also a long segment where Mike answers your questions....and for the first time, an 'Absurdity of the Day'.Michael Maloney is a precious metals investment expert and historian. He is the founder and owner of GoldSilv...Read More
There sure has been a lot of recent press about how ineffective hydroxychloroquine is proving to be. That's a real letdown given how promising it was thought to be. But are the headlines true? To answer that, Chris pulls up the original VA study all of the recent headlines are referencing. Well, it turns out, it's based on quite poor "science." For example, it wasn't randomized; by its own admissi...Read More
Peter Schiff is an internationally recognized economist specializing in the foreign equity, currency and gold markets. Mr. Schiff made his name as President and Chief Global Strategist of Euro Pacific Capital. He frequently delivers lectures at major economic and investment conferences, and is quoted often in the print media, including the Wall Street Journal, New York Times, Barron's, BusinessWee...Read More
Legendary financial and geopolitical cycle analyst Martin Armstrong says the President has the power to reopen the entire country. Armstrong explains, "He doesn't want to use it, but he actually has the power to open up the entire country. I wrote a piece on this, and it's called the Commerce Clause (in the U.S. Constitution) which governs. They (the governors) have no legal authority to shut down...Read More
Alasdair Macleod, with a background as a stockbroker, banker and economist, gives support for his belief that bank credit is the cause of financial destruction.Alasdair Macleod is head of research for GoldMoney. He also runs FinanceAndEconomics.org, a website dedicated to sound money and demystifying finance and economics. He has a background as a stockbroker, banker and economist. Read More
It's all about rising inflation expectations for Silver. Without such, Silver can be dragged higher by Gold. But that is needed for Silver to outperform Gold.Jordan Roy-Byrne, CMT is a Chartered Market Technician and member of the Market Technicians Association.. He is the publisher and editor of TheDailyGold Premium, a publication which emphasizes market timing and stock selection for the sophist...Read More
CNBC's "Halftime Report" is joined by Social Capital CEO Chamath Palihapitiya to discuss his latest deal, his view of the U.S. economy and markets, stock buybacks in the age of coronavirus and the need for direct cash payments to people.Part 1 (part 2 below)Part 2Chamath Palihapitiya is the founder and CEO of investment firm Social Capital.Read More
Bill Gates doesn't need the money, that is for sure. So what motivates him to spend billions of dollars on organizations that seek to destroy our privacy and run our lives? It is a big ego trip...or worse?Dr. Ron Paul is a physician and former twelve-term congressman from Texas who ran for president in 2008. He is the author of eight books, including the New York Times bestsellers The Revolution:...Read More
Gerald Celente is a pioneer trend strategist and founder of The Trends Research Institute. He is the author of the national bestseller Trends 2000: How to Prepare for and Profit from the Changes of the 21st Century and publisher of the internationally circulated Trends Journal newsletter. Gerald Celente is a political atheist. Unencumbered by political dogma, rigid ideology or conventional wisdom,...Read More
A TV presenter for Chinese state television claims that COVID-19 came from the United States - either escaping from a US lab, or having been brought into China during the Military WorldContinue...Read More
The incident happened in the city of Meridian, which like most other places across the nation closed down its public parks and recreational facilities for use. It immediatelyContinue...Read More
Nicholas Santiago started trading in 1991. In 1997, he became a licensed Series 7 and 63 registered representative. He successfully managed money for a large, affluent private client group. Nick is an expert in Technical Analysis. He is a highly regarded and accomplished technician in the studies of Elliot Wave, Gann Theory, Dow Theory and Cycle Theory. After applying his knowledge to his client b...Read More
Danielle DiMartino Booth is truly a global thought leader on monetary policy, economics and finance. Her book Fed Up: An Insider's Take on Why the Federal Reserve is Bad for America provides an insider's perspective of the potential damage an overreaching, out of control Fed can do. We discussed the economic ramifications of what will be left in the wake of the Covid 19 pandemic. 15% unemployment...Read More
Pretty much everything is falling apart. You've got oil in negative numbers, never happened before. You've got a large part of the planet still on lockdown and you've got central banks printing money like nobody's business. Hopefully, there is an end in site, but how much longer can things go on before there's a complete implosion. Danielle and I discuss what's coming down the road and for many of...Read More