Domestic prices for cold-rolled coil in Europe were mostly stable in the week to Wednesday August 11 due to the seasonally slow market, sources told Fastmarkets.Fastmarkets' weekly price assessment for steel CRC, domestic, exw Northern Europe was ?,?1,270-1,320 ($1,489-1,548) per tonne on August 11, widening upward from ?,?1,270-1,310 per tonne ex-works one week earlier.The corresponding weekly pr...Read More
Hot-rolled coil prices in China's domestic market pulled back on Thursday August 12, with market participants shifting their focus away from expectations of a drop in supplies after weak lending data sparked concerns over liquidity.DomesticEastern China (Shanghai): 5,790-5,810 yuan ($894-897) per tonne, down by 30-50 yuan per tonneThe most-traded HRC contract on the Shanghai Futures Exchange moved...Read More
Domestic steel reinforcing bar prices in the United States rose slightly after three flat weeks, and market participants expect a continued upward trajectory despite prices for shredded scrap - rebar's key feedstock material - declining in August.Fastmarkets' assessment for steel rebar, fob mill US was $49.25 per hundredweight ($985 per short ton) on Wednesday August 11, up by 0.51% from $49 per c...Read More
Steel rebar and billet prices remained unchanged in Egypt in the week to Thursday, August 12, with demand still only moderate, sources told Fastmarkets.Demand was limited in late July because of the Eid al-Adha festival on July 20-23.However, construction activity has picked up since the removal of the construction ban, the country's biggest...Read More
China's domestic rebar prices fell on Thursday August 12, with end-user demand falling away due to heavy rainfall across large parts of the country.DomesticEastern China (Shanghai): 5,200-5,230 yuan ($803-808) per tonne, down by 30 yuan per tonneHeavy rain hit a large parts of China in recent days, interrupting construction activity and disrupting the transportation of rebar from warehouses.More h...Read More
Prices in the British market for steel scrap deliveries to domestic steelmakers have dropped for August 2021, snapping a run of gains in the past three months on lower demand and weaker export prices amid the seasonal summer slowdown, sources said on Thursday August 12.Prices for scrap supplied to British steelmakers were down in general by around ?5 ($7) per tonne in August, although some report...Read More
Italian domestic steel scrap prices decreased in the month to Thursday August 12 following the trend in the international markets, sources told Fastmarkets.Apart from the decline in international scrap prices, the seasonal slowdown and stoppages across the European market also contributed to the domestic price drop.Fastmarkets' daily index for steel scrap, HMS 1&2 (80:20 mix), North Europe origin,...Read More
August 15, 2021 marks the 50th anniversary of the end of the gold standard in the U.S. In 1971, President Richard Nixon formally unpegged the U.S. dollar from gold, meaning the greenback was no longer convertible into bullion. Our Daniela Cambone speaks with best-selling author Jim Rickards about the U.S. economy post the gold standard to answer the most important question: are we better off?Jim R...Read More
In our debut video, I explain why I think free speech platforms like Rumble are so vital to support; outline how I intend to use this new platform to strengthen our journalism; and dissect the Washington Post's article this morning on our move to Rumble as a case study to show how corporate media outlets so commonly deceive and mislead.https://www.washingtonpost.com/technology/2021/08/12/rumble-vi...Read More
To see Lynette's slides, research links or questions from this video: https://www.itmtrading.com/blog/marke...Interview on Wall Street Silver: https://youtu.be/tFBMSasekesLynette Zang has held the position of Chief Market Analyst at ITM Trading since 2002. Ms. Zang has been in the markets on some level since 1964. Her mission is to convert financial noise into understandable language. She has been...Read More
The IMF is issuing record amounts of SDRs, $650 billion. This is 500% more than they issued in 2009. This new Ponzi on top of other fiat Ponzis doesn't end well. None of us own enough Silver & Gold.Lynette Zang has held the position of Chief Market Analyst at ITM Trading since 2002. Ms. Zang has been in the markets on some level since 1964. Her mission is to convert financial noise into understand...Read More
In this 23-minute MAMChat, Matterhorn principals Egon von Greyerz and Matthew Piepenburg address gold's recent "flash crash" in the context of technicals, fundamentals and good ol' fashioned price manipulation from the bullion banks. Toward this end, Egon gives careful attention to the technical indicators and their bullish trends/confirmations while Matthew digs deeper under the hood to reveal th...Read More
George Edward Gammon is an American real estate investor and entrepreneur. He produces and stars in a popular YouTube Channel. Prior to 2012, George started, owned, and operated multiple businesses ranging from conventions to advertising. The last growing to 24 million in annual revenues and over 100 employees. After 12 years as a successful entrepreneur, at the age of 38, George semi retired and...Read More
There will be a day of reckoning when the public realizes inflation will not be "transitory" as officials claim. At that time, precious metals will take off, says Craig Hemke.0:00 Intro1:28 Metals pullback4:56 July CPI 5.4%8:55 High inflation11:04 Day of reckoning13:33 Platinum15:00 Long-term view18:08 Jackson HoleKnown primarily by his nickname "Turd Ferguson," Craig Hemke is the founder and edit...Read More
http://financialrepressionauthority.c...Yra Harris is a trader with over 32 years of experience in all areas of commodity trading, with broad expertise in cash currency markets. He has a proven track record of successful trading through combination of technical work and fundamental analysis of global trends; historically based analysis on global hot money flows. He is recognized by peers as an aut...Read More
I have never lived in a world like this, where open medical dialogue is completely suppressed and there is only one party line. I thought the left was always talking about how we shouldn't bully people, andContinue...Read More
"Because with freedom comes obligations and responsibilities." "We cannot just say, 'I have the right to do X, Y and Z.' When you affect other people, that is when it gets serious." Here's the full segment: Read More
With the pandemic having progressed to the current vaccine and/or lockdown status, I knew it was time to bring Chris back to TFMR to get his perspective on topics such as:Continue...Read More
You need to focus on the big picture, not the short-term fluctuations.Continue...Read More
This is the Chinese response to the finger-pointing at China being responsible for the leak of COVID-19. What itContinue...Read More