The steel industries in Europe and Turkey will continue to grapple with elevated costs for graphite electrodes in 2018 despite some easing of prices in recent months.Graphite electrode prices reached $22,000-40,000 per tonne cfr Turkey in 2017, compared with $2,000 per tonne cfr Turkey in 2016, according to market sources.This massive price rise has had significant consequences for the steel indus...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
By Gary SavageJoin me in a look at the long term trends that are currently reversing in gold, silver, dollar, euro and the yen.https://blog.smartmoneytrackerpremium.com/ Read More
Fund Manager David Kranzler tells Silver Doctors the economy is headed for collapse.Kranzler sees a major red flag in the stock market. Bullish sentiment of investors is extremely high. Historically, this signals a market top. Also, he explains why sub-prime auto loans are headed for collapse.As for the precious metal markets, gold and silver have risen for a month, and Kranzler says we are headed...Read More
TECHNICAL SCOOPCharts and commentary by David ChapmanPhone: 416-523-5454 Email: david@davidchapman.comTwitter: @Davcha12January 8, 2018 "I would say Happy New Year but it's not happy; it's exactly the same as last year except colder." Robert ClarkWelcome to 2018. So far it looks the same as 2017. The President of the United States ended the old year and began the one with a barrage of tweets,...Read More
Catherine talks about her own breakaway from the corrupted system, and her work now at www.solari.com where she is helping people to understand our system, and move towards a more symbiotic one, based on empathy, morals, truth and co operation.Catherine Austin Fitts is a former Wall Street investment banker, macroeconomic expert and publisher of The Solari Report https://solari.com/.Read More
By Frank HolmesThe price of gold and gold mining stocks were very competitive in 2017. The yellow metal ended the year up a little more than 13 percent its best year since 2010 while gold stocks, as measured by the NYSE Arca Gold Miners Index, gained more than 11 percent. All of this occurred even as large-cap stocks regularly closed at all-time highs and cryptocurrencies invited massive specula...Read More
The World is $233 Trillion In Debt: It's Time to Rebalance To Gold- Record level global debt level hit $233 trillion in Q3 2017- World's per capita debt now more than $30,000- UK personal debts climbed to the highest level since credit crunch, reaching more than ?200bn- US consumer credit highest jump in 2 years by 8.8% in November to $3.83 trillion- BofE warn UK banks could incur ?30bn of losse...Read More
Dutch wire products supplier Van Merksteijn is to build a mesh-quality wire rod mill with capacity for 800,000 tonnes per year at the seaport of Eemshaven in the north of the Netherlands, the company confirmed to Metal Bulletin on Tuesday January 9.The company hopes to start production at the mill in 2020, and is expected to use scrap-based electric-arc furnace (EAF) technology."The capacity we're...Read More
Gold and silver will see a sell off if they fail to break key resistances of $1327 and $1740. Copper needs to trade over $318.40 for the rest of the week to prevent a sell off. Crude oil looks headed for $65.00. Crypto currency volatility (I will not call it a sell off) should be positive for bullion. Chinese demand will zoom in bullion before their New Year next month. Chinese buyers will be us...Read More
Turkish steel mills continued their February bookings of scrap imports from the Baltic Sea region on Tuesday January 9, with the United States market still quiet because of the heavy winter conditions.A steel mill in the Iskenderun region booked a Baltic Sea cargo, comprising 24,000 tonnes of HMS 1&2 (80:20) at $374 per tonne, 5,000 tonnes of bonus at $384 per tonne and 1,000 tonnes of...Read More
Metal Bulletin has today discontinued its index for CFR China 60% Fe Iranian Iron Ore Fines.After a consultation period, Metal Bulletin has suspended its weekly Iranian Iron Ore Fines Index, which was published every Wednesday.The MBIOI-IR Index was launched in October 2015 after a period...Read More
Maybe.Since central banks began their B.S. back in 2001, when the Bank of Japan first began Quantitative Easing efforts, I've warned that it wouldn't be enough... that none of Continue...Read More
Gross: Bond bear market confirmed today. 25 year long-term trendlines broken in 5yr and 10yr maturity Treasuries.Continue...Read More
Iron ore exports from Western Australia's Port of Port Hedland rose 5% on the year to the highest ever in December, according to data released by the Pilbara Ports Authority on Tuesday January 9.The port shipped 46.19 million tonnes of the steelmaking raw material last month, compared with 43.94 million tonnes in December 2016. The volume is also 11.7% higher than November exports of 41.35 million...Read More
I'm calling 2018 "The Year of Living Dangerously." That description might seem odd to lot of observers. Major U.S. stock indexes keep hitting new all-time highs.Continue...Read More
Stephen K. Bannon has stepped down from Breitbart News Network, following a very public feud with President Trump Continue...Read More
Brazilian exports of carbon steel slab and billet increased in 2017, according to the country's foreign trade ministry, MDIC.Exports of carbon steel slab reached 7.3 million tonnes in 2017, up 23.49% from the 5.91 million tonnes exported in 2016, according to the figures released late last week.The US was the largest...Read More
China's central bank has altered the strategy used to manage the yuan, effectively removing a component used by banks to calculate their Continue...Read More
The U.S. economy added only 148,000 jobs in December.Gold prices reacted in a choppy way, confusing some analysts. Why?December Payrolls DisappointTotal nonfarmpayroll employment increased only 148,000 in December, the slowest pace in threemonths. The employment gains were generally widespread, but the biggestemployers were construction (+30,000), leisure and hospitality (+29,000),education a...Read More