ArcelorMittal Gijon resumed steel making operations this week after six days of downtime due to industrial action, a company representative told Fastmarkets.The steel production at ArcelorMittal's Gijon plant, located in Asturias, Spain, was suspended on December 3 because of a worker's strike, Fastmarkets understands.Gijon steelworks has a capacity to produce about 600,000 tonnes per year of heav...Read More
Steel billet and rebar prices have increased in Egypt in the week ending Thursday December 10, because of restocking after recent price increases, market sources have told Fastmarkets.Egyptian rebar producers have raised their prices twice in December so far, because of high production costs.Producers in the country have been offering rebar at E ?11,450-11,600 ($728-738) per tonne ex-works includi...Read More
Ferrous scrap prices in the United States are facing more upside in January, in a market where supply is trying to catch up with demand. The strength of the ferrous scrap market has caught nearly everyone off-guard, with earlier predictions that the market had another $30-40 per gross ton to rise following the close of the November trade proving to be well below the actual settlements.&n...Read More
The Turkish deep-sea scrap import market was quiet on Thursday December 10, although prices remained firm, sources told Fastmarkets.A steel mill booked a European cargo at $377-378 per tonne cfr on an HMS 1&2 (75:25) basis, which raised the daily scrap indices by more than $12 per tonne on Wednesday, but the market was quiet on Thursday.There was talk of a sale from the United States at $400 per t...Read More
Companhia Sider??rgica Nacional (CSN) set the iron ore guidance for its own production and purchases from third parties at 33 million tonnes in 2020 and 38-40 million tonnes in 2021, the Brazilian steelmaker and miner said on Thursday December 10.CSN previously expected its output and third-party purchases to total 33-36 million tonnes this year, compared to 38.46 million tonnes in 2019.A business...Read More
New bookings of Commonwealth of Independent States (CIS)-origin billet in Southeast Asia and Turkey were heard at higher prices in the week to Thursday December 10, while some suppliers were reported to have withdrawn from the market to reconsider prices, sources told Fastmarkets. A billet cargo originating in Russia was heard booked to Turkey earlier this week at $538 per tonne cfr, which would n...Read More
Turkish steel billet prices have increased sharply this week due to rising imported scrap costs and tightening supply, sources said on Thursday December 10.Steel billet exporters from the Commonwealth of Independent States (CIS) have continued to raise their offer prices for Turkish customers, which now stand at $550-560 per tonne cfr compared with last week's $520-530 per tonne.The Turkish custom...Read More
Understanding the ways in which the media seeks to control the narrative and sway your opinions is explored by dismantling two recent shamefully crafted hit pieces that went after Dr. Kory and his Covid Critical Care Team. Once you learn to spot leading phrases and slanted and biased words you gain power. No longer can you be so easily manipulated by media hacks. You'll regain your ability to be i...Read More
Steel billet and rebar prices have increased in Egypt in the week ending Thursday December 10, because of restocking after recent price increases, market sources have told Fastmarkets.Egyptian rebar producers have raised their prices twice in December so far, because of high production costs.Producers in the country have been offering rebar at E ?11,450-11,600 ($728-738) per tonne ex-works includi...Read More
From lockdowns & shutdowns dampening people's Christmas plans, to a nation that's even more divided than last month, Main Street seems primed to spiral out of control while the financial markets take on the look of insanity. Fortunately, John Rubino of Dollar Collapse joined Silver Doctors on Thursday, December 10, 2020, to help make sense of it all.Some of the topics in today's discussion include...Read More
Read the full article here: https://goldsilver.com/blog/why-finan... Jeff Clark is editor and lead writer of BIG GOLD, the monthly gold-investment newsletter from Doug Casey's Casey Research. He is also the Senior Precious Metals Analyst at GoldSilver.com. Having worked on his family's gold claims in California and Arizona, and analyzing the big trends in gold's bull market, Jeff and his team aim...Read More
Markets are in for a very wild ride. Covid taking front and center and the stock market is still holding up in spite of the threat.There's an attempt at the Santa Rally, we'll see if it succeeds. However, markets will close higher for the year. Renewed investor interest will keep things moving to the upside. They're looking beyond. Rally will continue into January. More stimulus is certainly comin...Read More
1. Markets are a bit weak this morning. There is still no stimulus deal made by the politicians. This could be weighing on the major indexes a little. The weekly initial claims report was released at 8:30 am ET. The weekly initial claims increased by 137,000 to 853,000. This number was much worse than expected. The continuing claims for the week ending November 28 increased by 230,000 to 5.757 mil...Read More
Craig Hemke from TFMetalsReport.com forecasts the U.S. is headed for years of stagflation. In other words, he predicts higher inflation with a stagnating economy reflectant of the 1970s.Craig forecasts a gold bull that will reflect the 1970s/80 bull market amid continued money printing and a weak economy. The stock market is more a measure of liquidity rather than the strength of the economy, he s...Read More
Despite JP Morgan getting fined $920 million for spoofing, and several other banks also getting caught and fined, the mysterious drops in the silver price continue.Fortunately, London metals analyst Andrew Maguire joined me on the show to explain what's happening, and discussed how these price smashes, in the face of the Department of Justice's case against JP Morgan, are being sanctioned by the B...Read More
It's obvious that the world is changing and the mark in history for the change is 2020. Government debt and central bank balance sheets are at levels never before seen in the history of the world. Unemployment is still at all-time highs, and the gap between the rich and the poor is growing wider and wider. Simon Black, the founder of Sovereign Man, believes that in order to achieve true freedo...Read More
Faced with myriad unprecedented uncertainties - including negative real interest rates and exponentially runaway debt and currency expansion - ordinary people are at extreme risk if they are remaining inside the system without sufficient asset protection in place.Legendary natural resource investment analyst Rick Rule, CEO of Sprott Asset Management, returns to Liberty and Finance to give us a rev...Read More
If you're concerned about the overreach of government in juicing asset prices to dangerous levels, picking economic winner and losers, and constraining our personal freedoms - you have very good right to be.So says lifelong champion of free markets, sound money and civil liberty, former US Congressman Dr Ron Paul.Having spent decades in Washington serving as a member of the House of Representative...Read More
"I've NEVER had any thoughts of taking my own life, not once, ever. Even before I had my son," said Vaughan in a Facebook statement from last December. "I have a huge mission in this life. Continue...Read More
In an unexpected move, the Pentagon has told the CIA it plans to end the majority of the military support it offers forContinue...Read More