Turkish deep-sea scrap import prices declined sharply once again, following the fresh United States' cargo deal heard on Wednesday January 29.A steel mill in the Marmara region booked a cargo of 30,000 tonnes of HMS 1&2 (90:10) at $275 per tonne cfr, Fastmarkets was told. This would put the HMS 1&2 (80:20) price at $272 per tonne cfr, several market sources said. The US cargo was compared with the...Read More

The seaborne iron ore market was muted on Wednesday January 29, although market participants lowered their estimates for physical transaction prices in response to the sharp downward movement in the Singapore Exchange's derivatives for the steelmaking raw material a day earlier. Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $86.84 per tonne, down $6.87 per tonne62% Fe low-alumina fines, c...Read More

Sentiment in the seaborne iron ore and Asian steel markets have deteriorated amid a rapid spread of the 2019-nCoV - or Wuhan novel coronavirus - in China, which appears to have intensified in the last week.Market participants are anticipating a delayed restart of construction and manufacturing activity after the country's Lunar New Year holiday, which has been extended until at least Sunday Februa...Read More

Steel plate prices in Southeast Asia are likely to continue on an upward trajectory due to higher shipping costs and reduced price competition among steelmakers, a source at a leading Japanese mill told Fastmarkets. "Demand from the shipbuilding industry remains far from ideal, but steel producers cannot lower prices any further due to squeezed profit margins," the source said. Stricter emission c...Read More

To Watch Update #5, CLICK HEREThe sudden lack of new information coming out of China has Chris spooked. He walks us through the math here, showing how if the coronavirus follows its current geometric growth, over 100 million people could be infected by the end of February. Don't take today's lack of 'news' as meaning the threat from this virus is dying down. This is very likely just the calm befor...Read More

Dr. Marc Faber provides his views on the dollar and debt markets for 2020 and on geopolitics and global markets from his dwelling in Thailand.Dr. Marc Faber was born in Zurich, Switzerland and obtained a PhD in Economics at the University of Zurich. Between 1970 and 1978, Dr. Faber worked for White Weld & Company Limited in New York, Zurich and Hong Kong. From 1978 to February 1990, he was the Man...Read More

Something bad was always going to happen. Whether this is it or not, we don't yet know. This virus is contagious before the symptoms show up. With people traveling all over the world, there's no way to contain it. It's already having an impact. China is already on lockdown and there's been rioting Hong Kong over plans to place victims in public housing. Closing down of international trade could re...Read More

Given the continued spread of the Wuhan coronavirus, we urgently reached out to John Barry, author of the award-winning New York Times best-seller The Great Influenza: The Epic Story of the Deadliest Plague in History.Two years ago, we interviewed John about the expected implications should a pandemic of similar scale break out in today world. Little did we realize at the time how quickly his insi...Read More

Shocker: Facebook illegally collected and stored biometric data for millions of users for years without their consent.Continue...Read More

"I'm offended and shocked that Schumer would be so scurrilous as to accuse the president and his children of making money illegally off of politics when the only people we know have made money off of this have been Hunter Biden and Joe Biden." "Hunter Biden makes a million dollars a year, that's documented, but Schumer simply creates and makes up and says, 'Oh, maybe the president's kids are makin...Read More

There's no need to rehash the sordid politics of the U.S.-Russia relationship since 2014. That relationship became collateral damage to gross corruption in Ukraine.Continue...Read More

The biggest story out of China right now is the coronavirus that I addressed in yesterday's reckoning.But while it's important, the bigger story is the geopolitical dynamic between the U.S., China and Russia.Continue...Read More

John Rubino gives his opinion on the question of which way the economy will turn, inflation or deflation.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 a...Read More

There are a handful of stocks in which institutions and individual investors have recently piled into. This behavior is emblematic of all bull markets once they begin to hit the manic phase. Wall Street fallsContinue...Read More

The man hit the lottery in front of a live TV audience and literally fell onto the ground in shock as he heard the good news. Continue...Read More

The Fed is now extending its duration of its repo operations, which in December were supposed to conclude in January 2020, to "at least" April 2020.Continue...Read More

Sarah Carpenter, a grandmother and school choice activist who had traveled six hours from Memphis to attend the event, confronted Warren backstage in a filmed exchange that went viral:Carpenter: "I read that your children went to private schools."Warren: "No, my children went to public schools."The clip went viral because Warren wasn't telling the truth. Corey DeAngelis, the director of school cho...Read More

Jordan Roy-Byrne shares his updated targets and levels to watch for gold and gold stocks. With the shares still lagging, a correction in terms of price or time could be all that the sector needs. Jordan also discusses what he looks for in terms of juniors and the works that they need to be doing to attract investors.Jordan Roy-Byrne, CMT is a Chartered Market Technician and member of the Market Te...Read More

Sentiment is strengthening in the resource sector, but according to Mercenary Geologist Mickey Fulp that doesn't mean market participants should change their strategy. "No matter what kind of market you have, you still do the same things," he said at the recent Vancouver Resource Investment Conference. "You become more cautious in bear markets, but by the same token, the bear markets present the b...Read More

If Trump stays in office for two full terms, AOC's America may be a very difficult trap to escape.Continue...Read More