Turkish domestic scrap prices have remained largely stable over the past week on moderate demand, sources said on Monday March 4.Fastmarkets' weekly price assessment on Monday for domestic auto bundle (DKP-grade) scrap in Turkey was TRY1,650-1,820 ($307-338) per tonne delivered, narrowing upward from the TRY1,630-1,820 per tonne of last week.This...Read More
Physical iron ore trading was lackluster on Monday March 4 amid declines in the futures markets.MB 62% Fe Iron Ore Index: $87.69 per tonne cfr Qingdao, down $0.23 per tonne. MB 62% Fe Pilbara Blend Fines Index: $87.09 per tonne cfr Qingdao, down $0.23 per tonne. MB 62% Fe Iron Ore Index-Low Alumina: $89.88 per tonne cfr Qingdao, down $0.22 per tonne. MB 58% Fe Premium Index: $76.11 per tonne cfr Q...Read More
Buying activity in the CIS export billet market was rather limited at the beginning of March amid a mismatch between producers' offers and customers' bids.CIS producers were insisting on offering at $450-460 per tonne fob Black Sea, customers in North Africa and Turkey were looking for $440 per tonne fob Black Sea and below, while customers in Southeast Asia and the Middle East were ready to pay $...Read More
Import prices for steel slab in Southeast Asia and East Asia were flat during the week to Monday March 4, with the market remaining in a stalemate due to the large bid-offer gap.Fastmarkets' weekly import price assessment for slab imports to Southeast Asia and East Asia was $460-480 per tonne cfr on Monday, unchanged from a week earlier.No transactions were reported, with offers remaining at high...Read More
China's rebar prices maintained their upward momentum in both the domestic and export markets on Monday March 4 amid expectations of a strengthening in demand. Domestic Eastern China (Shanghai): 3,800-3,860 yuan ($566-575) per tonne, up 20-30 yuan per tonneNorthern China (Beijing): 3,820-3,860 yuan per tonne, up 30-40 yuan per tonneWarmer temperatures in northern China and favorable weather in the...Read More
The Chinese domestic ferro-silicon price has fallen for the second week in a row amid weaker fundamentals of supply and demand in the week to Friday March 1, while the European market braced for renewed weakness ahead of longer-term delivery settlements. China price falls to annual low Market at level last seen in April 2018 Europe's first second-quarter tender seen below spot prices US spot deman...Read More
Low-grade manganese ore prices rose in China last week in active trading amid strong demand, while global manganese alloys prices were largely stable - barring China, where prices weakened on muted buying. Low-grade ore prices gain up to 22 cents per dmtuAlloy prices keep sliding in ChinaIndian silica-manganese prices edge upEuropean alloy prices stabilize Low-grade manganese ore prices jumped by...Read More
StrengthsThe best performing metal this week was palladium, up 2.81 percent with continued price strength. Gold traders were split between bullish, bearish and neutral on the yellow metal this week as prices struggled to recover and posted a monthly loss for February. Lawmakers in Romania are drafting legislation aiming to repatriate the country's gold stored in the United Kingdom. The bill is t...Read More
"A generation from now, Americans may marvel at the complacency that assumed the dollar's dominance would never end." Floyd Norris, chief financial correspondent, New York Times, 2/2/2007 "Capitalism without bankruptcy is like Christianity without hell." Frank Borman, NASA Astronaut Gemini 7, CDR Apollo, CEO Eastern Airlines, April 1986 "The generally accepted view is that markets are always r...Read More
By: Keith WeinerWe have written numerous articles about capital consumption. Our monetary system has a falling interest rate, which causes both capital churn and conversion of one party's wealth into another's income. It also has too-low interest, which encourages borrowing to consume (which, as everyone knows, adds to Gross Domestic Product GDP).What Is CapitalAt the same time, of course entre...Read More
By: IRA EPSTEINGold market -- weekly chart, sideways action galore. Upside momentum lost, higher highs and higher lows is lost:Read More
Hunan Chuangda, one of China's largest ferro-tungsten exporters, has halted its tungsten operations and is switching focus to vanadium, a source at the company told Fastmarkets."It is our normal strategy to change priority of production from tungsten to vanadium [and] we have no further plans to produce ferro-tungsten after the Chinese New Year holiday lull. We only have around 200 tonnes of ferro...Read More
Gold and precious metals as man expected were slammed on Friday. Fifth time since approaching the magical 1350 resistance point. The decline will probably continue on for several more months until a summer rally or Q4. Not to worry though, the Fed is in a box again. With stock markets rising, the impetus to ease off rate hikes has diminished. But tightening could well send the markets into another...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
Bob brought 321gold.com to the Internet almost 14 years ago. They later added 321energy.com to cover oil, natural gas, gasoline, coal, solar, wind and nuclear energy. Both sites feature articles, editorial opinions, pricing figures and updates on current events affecting both sectors. Previously, Moriarty was a Marine F-4B and O-1 pilot with more than 820 missions in Vietnam. He holds 14 internati...Read More
"Today I'm proud to announce that I will be personally signing an executive order requiring colleges and universities to support free speech if they want federal research dollars," Continue...Read More
Facebook told its users to add their phone numbers as an extra layer of security , but now users are learning their numbers are being used Continue...Read More
Legendary investor and chairman of Rogers Holdings, Jim Rogers, told IGTV's Victoria Scholar the cannabis market was 'going to get bigger and bigger'. He says he has a private cannabis company in Colombia but he's not yet invested in any public stocks in the sector. Meanwhile, Rogers says he's 'very very optimistic' on North Korea, adding, however, that he doesn't want to be 'rich and in jail'.Jim...Read More
Recently we talked about why Millennials aren't buying a house at the same rate as their Boomer and Gen X parents. Today, let's talk about how Boomers and Gen Xers are actually Continue...Read More
"Part of what gold does is it protects us from our own worst instincts."Rick Rule, founder and chairman of Sprott Global Resource Investments Ltd., began his career in the securities business in 1974. He is a leading American retail broker specializing in mining, energy, water utilities, forest products and agriculture. His company has built a national reputation on taking advantage of global oppo...Read More