Major Vietnamese integrated steel producer Formosa Ha Tinh Steel has increased its new hot-rolled coil offers by $40 per tonne for April-delivery and shipment cargoes due to the recent increases in raw materials costs.The producer's SAE1006 HRC is now on offer at $535 per tonne on a cif basis, up $40 per tonne from $495 per tonne cif for iMarch-shipment materials. And its SS400 and pipemaking...Read More
* Official says approval could take 6 months to two years* Comments come from state resources investment commissioner* Decision on approvals to come from environment department* Queensland Resources department says official has no authority to speak on timelines (Adds statement from Queensland mines department, recasts)India's Adani Enterprises might have to wait up to two years to get two environ...Read More
By Avi Gilburt, ElliottWaveTrader.net There is an old Yiddish expression called a bubbe meise (pronounced my-seh). I guess the closest English interpretation of this expression would be a grandmother's tale, or in the common vernacular, an old-wives' tale.Of late, I am seeing a bubbe meise about the importance of central bank buying of gold, and it is making its rounds on websites all over the i...Read More
By: Ira EpsteinGold continues to trend with lower-lows, higher-highs. In a resistance area. The gold market is overbought. Gold stocks - $GDX - also back up into upper resistance and overbought as well. That does not mean in a downtrend...Read More
By: Ross Norman, Sharps PixleyGold's relative strength indicator is at the 73, highest since September 2011 - the month that gold hit an all-time high. This may suggest that gold is technically "overbought" just now, but it is also at a level we saw regularly back in the early 2000's when gold was starting a bull run with a 16% year on year increase, well before the Global Financial Crisis.There...Read More
AAPL, not long ago the one true love of fund managers, has been a conspicuous laggard since the broad averages trampolined off December's lows. It is only in retrospect that we can see how they might have contrived, albeit with only modest success, to ignore the stock's big problem, which is that the company's ridiculously overpriced phones are poorly positioned to compete against increasingly a...Read More
Domestic stainless steel prices in China increased slightly over the past week amid an uptick in demand.Fastmarkets MB's domestic price assessment for benchmark 304 stainless cold-rolled coil in the major market of Wuxi was 14,700-15,000 yuan ($2,185-2,230) per tonne including value-added tax for the week ended Wednesday February 20, narrowing upward by 100 yuan per tonne from 14,600-15,000 per to...Read More
Michael Pento is a specialist in Austrian economics and is the President of Pento Portfolio Strategies. Prior to starting Pento Portfolio Strategies he served as a senior economist and VP of the managed products division of another well known financial firm. Michael has also created ETFs and UITs that were sold throughout Wall Street. Earlier in his career, he worked on the floor of the NYSE. He i...Read More
Nomi Prins is an American author, journalist, and Senior Fellow at Demos. She has worked as a managing director at Goldman-Sachs and as a Senior Managing Director at Bear Stearns, as well as having worked as a senior strategist at Lehman Brothers and analyst at the Chase Manhattan Bank. Prins is known for her books All the Presidents' Bankers: The Hidden Alliances that Drive American Power and Col...Read More
Jason talks about how in the last month many radical Democratic Socialist candidates, like AOC, have proposed many radical tax and spending plans to essentially "Eat the Rich" and go after billionaires and how the seeds to the US' destruction via socialism were planted many decades ago. 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
Yesterday's Supreme Court ruling on civil asset forfeiture - that states are bound by the Eighth Amendment - may be a step in the right direction, but it's only a baby step. Police are still free to steal from individuals not even accused of a crime, let alone convicted of a crime. They are just now told to not steal too much.Dr. Ron Paul is a physician and former twelve-term congressman from Texa...Read More
"The on-device microphone was never intended to be a secret and should have been listed in the tech specs," the spokesperson said. "That was an error on our part."Continue...Read More
Gregory Mannarino started his financial career working for the securities and trading arm of the now defunct Bear Stearns before the dot-com bubble. He is an active trader of the capital markets and has published several books pertaining to finance, global economics, and equity trading; His most recent book is titled Ultimate Guide To Money and The Markets (free ebook). Gregory currently hosts a b...Read More
Deutsche Bank has ILLEGALLY hidden $1.6B in losses for 10 years and it is just NOW being exposed! Who is going to jail for this one?Bix Weir has 30 years' experience in the financial industry with various fortune 500 companies. He is the creator of the "Road to Roota Theory" and his commentary is published at www.RoadtoRoota.com. Bix has dedicated his efforts over the last 15 years to exposing the...Read More
Continue...Jim Rogers co-founded the Quantum Fund with George Soros in 1973, helping to steer the fund to a 4200% return before "retiring" at age 37. He is considered to be one of the greatest investors of all time. Rogers has made two record-setting journeys - once by motorcycle and once by car - and is in the Guinness Book of World Records for doing so. In between his frequent travels, he has se...Read More
At the current federal minimum wage of $7.25 per hour, working 40 hours per week, 52 weeks per year, yields an annual income of only $15,080. This is below the annual poverty line. Continue...Read More
"Thinking about Facebook as an innovator in privacy is certainly not the mainstream view, but going back to the very first thing that we did, making it so Harvard students Continue...Read More
Goldspot Discoveries team celebrate at #DisruptminingGiven the massive amounts of data generated by mineral exploration, using artificial intelligence and machine learning to make discoveries seems like a natural fit for the industry.Goldspot Discoveries, which listed today on the TSX Venture Exchange under the symbol SPOT, takes a big step forward in use of artificial intelligence in the explorat...Read More
More and more security flaws are being discovered in cryptocurrency and smart contract platforms, and some are fundamental to the way they were built.Continue...Read More