The latest bids, offers and deals in the global markets for rebar, wire rod, steel beams and other long steel products. Latest transaction: rebarRebar East China, domestic, grade...Read More
Ferrous scrap prices went up in almost all of the major markets during the working week from Monday July 1 to Friday July 5, following the rebound in Turkish prices. Turkish import prices continued to rise with August shipment bookings A US scrap sale to Turkey raised sentiment in the export and domestic markets Mixed signals in the Asian scrap market Shredded scrap prices moved up in India despit...Read More
The UK and European alloy steel scrap markets were very subdued this week, with prices remaining stable, sources told Fastmarkets on Friday June 5.The markets have entered their usual summer slowdown, which traditionally spans July and August. But the downturn in activity could be more pronounced this year given that it started earlier than usual."It seems that each year [the summer slowdown] star...Read More
The UK light iron inter-merchant spot market remained unchanged for the second consecutive week as negotiations between suppliers and consumers for monthly delivery settlements continued, sources told Fastmarkets on Friday July 5.Fastmarkets' weekly price assessment for UK grade-5C ferrous scrap on an inter-merchant basis was ?80-100 ($101-126) per tonne on July 5. Some sources said the...Read More
Gold's incredible strength this summer is very unusual, as early summers are the weakest times of the year seasonally for gold, silver, and their miners' stocks. With traders' attention diverted to vacations and summer fun, interest in and demand for precious metals normally wane. So this entire sector tends to suffer a seasonal lull, along with the general markets. This June's bull-mark...Read More
Fans of the improvisational comedy program Whose Line Is It Anyway? may recall host Drew Carey describing it as "the show where everything's made up and the points don't matter."Interestingly, if we replace "show" with "economic doctrine," and "points" with "money," we end up with a near-accurate description of modern monetary theory (MMT).You may have noticed MMT trending in the news in the pas...Read More
By: Ira EpsteinGold is overbought, near resistance area again:Read More
CIS billet exporters expect to see an uptick in demand from the Egyptian market after it temporary suspended safeguard duties on imports of steel billet and rebar.The decision, announced on Thursday July 4, comes in two stages. The first part is to suspend the decision of the minister imposing 25% import duty for rebar and that for billet at 3-15%. The second part will move the case to the board o...Read More
Jason Hartman talks with Marc Faber, editor at Gloom, Boom, Doom, about what's going on in our economy with the massive asset inflation that's hit in the past few years. The two examine what central banks will have to do in order to deal with the looming shortages and what investments can buck that trend when it arises.Key Takeaways:[3:54] Asset inflation is making the rich richer and leaving the...Read More
Michael Pento gives a tremendous interview on what he sees as pending doom in the stock market and why he believes we're in for a bout of stagflation that will make the 1970s look like a walk in the park. He also makes a compelling case for gold during an interest rate environment that he believes will soon be turning profoundly negative in real terms. *The interview begins at 6:05Michael Pento is...Read More
China's rebar prices were flat on Friday July 5 with market participants taking a wait-and-see approach in spite of lower futures. Domestic Eastern China (Shanghai): 3,970-4,000 yuan ($578-582) per tonne, unchangedNorthern China (Beijing): 3,920-3,950 yuan per tonne, unchangedRebar futures fell during the day, but the decrease was attributed not to developments in the long steel market but to the...Read More
Part 1 (part 2 below)President Trump Fed nominee Judy Shelton discusses the gold standard. Part 2President Trump Fed nominee Judy Shelton joins "Santelli Exchange" to discuss the interest rate policy, where she stands in terms of Fed policy and the popularity in cryptocurrency and what it says about government backed currency.Read More
Eric Sprott has more than 40 years of experience in the investment industry. In 1981, he founded Sprott Securities (now called Cormark Securities Inc.), which today is one of Canada's largest independently owned securities firms. In 2001, Eric established Sprott Asset Management Inc. Over the years, Eric has personally been the recipient of numerous awards and honors, including one of Investor Dig...Read More
Carl E. Walter, longtime bank executive and coauthor of "Red Capitalism," joins the program to discuss important recent happenings in China.2:55 Reading the tea-leaves8:12 Baoshang Bank: A small fish causing big problems14:12 Hong Kong and the mainland19:56 More stimulus on the way?24:38 Swapping loans for bondsJames "Jim" Grant is an American writer and publisher and the founder of Grant's Intere...Read More
*This interview was recorded on 6/28/19Peter Boockvar, CIO of Bleakley Advisory Group, is looking to take advantage of the technical breakout in gold. He explains the impact of a dovish Fed, notes the relationship between the metal and negative-yielding debt, and reveals just how high he sees prices going.Peter Boockvar is the Chief Investment Officer of Bleakley Financial Group and Editor of The...Read More
"Those people who are online, making fun of members of Congress, are a disgrace and there is no need for anyone to think; that is unacceptable. We're going to shut them down Continue...Read More
"They can shape your experience, they can control what you see, when you see it and you become essentially a cog in their machine."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
John discusses what's driving this market, where is gold heading next and how to apply sentiment indicators to investing strategy.Read More
Portfolio Manager, attorney, finance author, a regular guest on North American media. Danielle Park is the author of the best selling myth-busting book "Juggling Dynamite: An insider's wisdom on money management, markets and wealth that lasts," as well as a popular daily financial blog: www.jugglingdynamite.com. Danielle worked as an attorney until 1997 when she was recruited to work for an intern...Read More