Investors are back to square one when it comes to looking for yield as the Federal Reserve, in some cases with the backing of the Treasury, works to keep Treasury and corporate bond yields low. There are some big consequences of the easy money policy for many asset classes including stocks, foreign exchange, and cryptocurrencies.Will the hunt for yield lead to Bitcoin and Ethereum?One impact whic...Read More

Here are five Fastmarkets stories you might have missed on Tuesday June 23 that are worth another look.A recent resurgence of Covid-19 infections in Beijing led to some jitters in China's steel sector in the initial stages of the outbreak, but market participants do not expect this second wave to leave much of an impact on the industry.The aluminium duty-paid market in Europe is set to come under...Read More

Sales of passenger cars in the EU will fall by 25% year on year in the full 2020 because of the Covid-19 pandemic, the European Automotive Manufacturers Association (ACEA) said on Tuesday June 23.The major economic crisis facing the auto industry will see car sales in the European Union tumble by more than 3 million units, with only 9.6 million units expected to be sold this year, compar...Read More

European steelmakers have increased their official offer prices on hot-rolled coil in Northern Europe although trading activity remained low, sources told Fastmarkets on Tuesday June 23.Fastmarkets' daily steel hot-rolled coil index, domestic, exw Northern Europe, was ?,?388.00 ($435.58) per tonne on Tuesday, down by ?,?2.11 per tonne from ?,?390.11 per tonne on June 22.The index was down by ?,?3....Read More

Here are five Fastmarkets stories you might have missed on Tuesday June 23 that are worth another look.A recent resurgence of Covid-19 infections in Beijing led to some jitters in China's steel sector in the initial stages of the outbreak, but market participants do not expect this second wave to leave much of an impact on the industry.The aluminium duty-paid market in Europe is set to come under...Read More

Turkish long steel producer Izmir Demir ??elik (ID??) has started to work on plans to double its steel mill capacity, the company said to Turkey's Public Disclosure Platform (KAP) late on Monday June 22.At the company's recent board meeting held on June 22, IDC decided to start the technical project and other research works to increase its steel mill capacity from 1.4 million tonnes per year to 2....Read More

Steel rebar and billet import prices in the United Arab Emirates have remained fairly stable over the past week, while domestic rebar prices have risen slightly, sources said on Tuesday June 23.Domestic rebarThe country's biggest producer, Emirates Steel, increased its rebar offers to 1,773 dirhams ($483) per tonne ex-works from June 16, up from 1,690 dirhams per tonne ex-works a week before.Follo...Read More

Here are five Fastmarkets stories you might have missed on Tuesday June 23 that are worth another look.A recent resurgence of Covid-19 infections in Beijing led to some jitters in China's steel sector in the initial stages of the outbreak, but market participants do not expect this second wave to leave much of an impact on the industry.The aluminium duty-paid market in Europe is set to come under...Read More

Dave Kranzler, Investement Research Dynamic's Mining Stock JournalWhere's the "V?" - Obviously the Fed has injected monetary cocaine into the stock market to make it appear as if stocks are "discounting a "V" economic recovery. But a "V" on Main Street is nowhere to be found (graphic is from Crescat Capital -the comment bubble is my edit):The chart above plots the NY Fed's weekly index of e...Read More

In a sign that the Federal Reserve is growing increasingly desperate to jump-start the economy, the Fed's Secondary Market Credit Facility has begun purchasing individual corporate bonds. The Secondary Market Credit Facility was created by Congress as part of a coronavirus stimulus bill to purchase as much as 750 billion dollars of corporate credit. Until last week, the Secondary Market Credit F...Read More

Keith Weiner, Monetary MetalsWe are reading now about possible regulations for air travel. In brief: passengers might be forced to spend hours at the airport. Authorities will perform medical checks, including possibly needles to draw blood, no lounges, no food or drink on board the plane, masks required at all times, and even denied the use of a bathroom except by special permission.We would wa...Read More

Factors affecting metals markets 1. There will be position squaring and rebuilding before the Federal Reserve chairman's testimony before the US senate on 30th June. Powell will testify on coronavirus response. 2. Quarter end position squaring and rebuilding is still going on. 3. Trader's dilemma is to choose between economic progress or second wave of coronavirus. This has res...Read More

By: Ira EpsteinGold's taking over to a new record high for several years!Read More

Turkish steel mills extended their silence in the deep-sea scrap markets, but are now pushing forlower prices, sources said on Tuesday June 23.Turkey's steelmakers have mostly stayed away from the deep-sea market since booking two US cargoes at the beginning of the last week.On Monday June 15, a steel mill in the Izmir region booked a US cargo at $265 per tonne cfr for HMS...Read More

Seaborne iron ore prices were mixed on Tuesday June 23, amid continuing concerns over the demand outlook for finished steel products. Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $100.62 per tonne, down $1.13 per tonne. 62% Fe low-alumina fines, cfr Qingdao: $104.22 per tonne, up $0.03 per tonne. 58% Fe fines high-grade premium, cfr Qingdao: $91.28 per tonne, up $0.51 per...Read More

Continuing it's Keystone Kops manner of dealing with covid-19, the US appears to be caught flat-footed by the resurgence of infections happening across many southern and western states right now. Yes, people are tired of being cooped indoors and wearing masks. Summer is here and they want to get outside, spend time with loved ones, and get back some normalcy of life. But the Honey Badger virus 'do...Read More

Hedgeye CEO Keith McCullough doesn't mince any words during a critique of what's going on inside markets right now. "This is not a conspiracy theory," he explains in this clip from The Macro Show. "Look at what's actually happening in the market."Mr. Keith R. McCullough is the Founder and CEO of Hedgeye Risk Management LLC. He covers the strategy sector at the firm. Prior to founding the firm, Mr....Read More

Max talks to investor Michael Pento of PentoPort.com about the state of the Fed's balance sheet and whether or not he agrees with Yale economist, Stephen Roach, who forecasts a dollar collapse.Max Keiser is an American broadcaster and film-maker. He hosts Keiser Report, a financial program broadcast on RT. He presents a weekly show about finance and markets on London's Resonance FM, and writes for...Read More

Does unlimited money mean ever rising stock prices and all asset classes? Just look at Tesla, hovering around $1000 per share. It may be working, but it also assures ever rising gold and silver prices and we're just getting started. Many of our company's sponsors have seen major gains in their stocks and there may very well be on the way. The economy is a mess and may never recover. A Covid second...Read More

For Part 1 of this interview, CLICK HEREFor Part 2 of this interview, CLICK HEREJoin Mike Maloney in today's video to get his latest take on where we are heading. Michael Maloney is a precious metals investment expert and historian. He is the founder and owner of GoldSilver.com, a global leader in gold and silver sales/storage and one of the world's most highly regarded investment education compan...Read More