драйвера на графику в играх для виндоус 7 NaijaInfo

#shorts #binomo #forex #binance #gateio #btc #kriptopara #coin #shibainu #trader #trading

#shorts #binomo #forex #binance #gateio #btc #kriptopara #coin #shibainu #trader #trading submitted by crytoloover to coinmarketbag [link] [comments]

Weizmann Forex Ltd. From 1400 in jan to 540. Is anything wrong?

Guys, Does anybody have any insights on Weizmann Forex? Current stock price is 512. Numbers in Q4FY18 look bad(-86%) but otherwise it has been a consistent grower over the last few quarters.
Average return on equity 5Years: 21.67 %;
Average return on capital employed 5Years: 30.37 %
Debt to equity: 0.64
Sales Growth (3Yrs): 19.90 %
Promoter holding: 74.77 %
It was quoting at 110 in Jan 2017. Went to ~1400s In Jan 2018 and it corrected massively now. I read the AR of weizmann… studied their balance sheet and the only red flags I see are
a sudden increase in trade receivables to (5,741.34) in FY18 from (1,258.66) in FY17
Other comprehensive Income increase to 2,012.83 in FY18 from 650.14 in FY17.
Otherwise the company seems to be growing quite well over the past few years. No other information is available anywhere. Is anybody in the know of the what is happening?
They also recently announced a buyback of 3.77% at price of 702.
submitted by iHEx4Sex to IndiaInvestments [link] [comments]

Hướng dẫn chơi Binomo Forex trên điện thoại [Mới nhất 2019] - Binomo Việt Nam

Hướng dẫn chơi Binomo Forex trên điện thoại [Mới nhất 2019] - Binomo Việt Nam submitted by binomovietnam to u/binomovietnam [link] [comments]

Currency Derivatives in Jaipur | Forex Trading in Jaipur | Forex Demo Account

Currency Derivatives in Jaipur | Forex Trading in Jaipur | Forex Demo Account submitted by onlinehtpl to u/onlinehtpl [link] [comments]

Reserve Bank of India has released a list of 34 forex brokers; which has been declared illegal

List of unauthorized forex trading apps and websites - RBI

Friends, recently the Reserve Bank of India has released a list of 34 forex brokers; which has been declared illegal.

https://preview.redd.it/dc1l0ca388o91.jpg?width=637&format=pjpg&auto=webp&s=1a865302fede2fd22985b27c767481ecb4219204
Before releasing this list, RBI had done all checks regarding all transactions of all those forex brokers since February this year. Maybe this doesn't matter to you; Nevertheless, you should definitely check this list once.
So see if your forex broker is not on this list!
👉 Here's a full list of unauthorized forex trading apps and websites
  1. Alpari
  2. AnyFX
  3. Ava Trade
  4. Binomo
  5. e Toro
  6. Exness
  7. Expert Option
  8. FBS
  9. FinFxPro
  10. Forex.com
  11. Forex4money
  12. Foxorex
  13. FTMO
  14. FVP Trade
  15. FXPrimus
  16. FXStreet
  17. FXCm
  18. FxNice
  19. FXTM
  20. HotFores
  21. ibell Markets
  22. IC Markets
  23. iFOREX
  24. IG Markets
  25. IQ Option
  26. NTS Forex Trading
  27. Octa FX
  28. Olymp Trade
  29. TD Ameritrade
  30. TP Global FX
  31. Trade Sight FX
  32. Urban Forex
  33. Xm
  34. XTB
Thanks for Reading.
Please share your take on this.
submitted by PersonalFinanceSkill to IndianStockMarket [link] [comments]

RBI Alert List : Using these apps and websites will land you in legal trouble. This list includes popular apps like Octa Fx, Olymp Trade, Binono etc.

RBI Alert List : Using these apps and websites will land you in legal trouble. This list includes popular apps like Octa Fx, Olymp Trade, Binono etc. submitted by cometweeb to IndiaSpeaks [link] [comments]

Kronologi Indra Kenz yang sebenarnya?

I dont defend this douche guy, he deserve it for being an @sshole.
Tapi ada yang punya kronologi jelasnya dia sebenarnya ngapain sebagai affliator binomo? Gua cari di berita isinya di luar konteks dan isinya "diduga" dan ga jelasin kronologi urutannya sampe urusan pacarnya segala.
Ada yang bilang dia sebagai affliator meraup uang loss pemainnya. Gua ga ngerti soal app binomo tapi apa itu hasil loss bisa connect ke "kantong" dia? Apa dia jadi agen perantara ketiga macam judi bola?
Does binomo even legal? I mean its legal in India. Dan konsepnya nyambung ke forex kan?
Gua cuman pengen tahu aja ginian, bahkan telegram grup mayoritas kalangan "investor" begitu kan disangka tempat chat teroris dulu kan dan terus disuruh uninstall. I have trust issues because massive of propraganda we are facing rn.
submitted by mikoamoy to indonesia [link] [comments]

Apa nasehatmu untuk mereka yang terkena Fomo?

Gak bisa dipungkiri sepanjang tahun 2020-2021 banyak orang memulai investasinya karena influence sosial media. Beruntung bagi yang memulai investasinya lebih awal dan agak celaka bagi yang mulai investasinya di akhir-akhir tanpa tau konsekuensinya. Banyak kasus orang beli saham pake pinjol. Beli BTC, Altcoin pake utangan, uang arisan, bahkan sumbangan gereja.
my advice for you yang kena FOMO:
Miner musiman: Ketika crypto turun drastis di Januari-Februari 2022. Segera jual alat miningmu karena kamu harus menunggu 2024 untuk bisa panen. Karena ketika kamu beli mining rig sekarang harganya sudah naik berkali-kali lipat dari harga wajarnya. Perhitungkan kembali listrik yang harus kamu keluarkan, Gak BEP istilahnya. Contoh nyata Founder Rekeningku yang boncos bertahun-tahun karena nutupin biaya listrik dan beli mining rig kemahalan, baru panen akhir2 ini.

Robot trading: Royal Q , Forex dll. Robot trading is scam, jauhi sekarang sebelum terlambat. Janji manis seller Royal Q dan robot forex profit konisten itu gak ada buktinya 100% scam. Kisah nyata banyak yg bunuh diri karena tiba-tiba assetnya hilang diaveraging oleh robot. Jangan sampai kamu jadi korbannya

Trader Binomo, Binary option: Kamu yang baru memulai binary option, inilah saatnya dirimu keluar dari sistem jahat Judi 2.0 mungkin diawal kamu akan merasakan profit namun lama kelamaan akan susah dan tiba-tiba akun tersuspen tanpa sebab. Jelakanya gak ada yg bisa jamin akunmu balik karena Binomo dan lainnya jelas ilegal di Indonesia sehingga penyedia layanan tidak diketahui siapa.

Trader Saham musiman via signal telegram : Saham ada bull market dan bearish market, lengkapi dirimu dengan FA dan TA tambah bandarmology juga. Investing stock is about your move, bukan orang lain. Jadi pastikan semua keputusan investasi kamu yang buat bukan orang lain.

Trader Crypto: Bear market is coming, we need to understand what crypto still alive for next 4 Years(next halving) DCA still the best strategy for you. We will face the second Bull Run but dont fall for it to much, cause second bull run means next winter season.

note: I hope yall getting more profit and healthy. May the Force be with you
submitted by SecretBillionaireID to finansial [link] [comments]

The Thesis - Is Dead? Long live The Thesis. Global Steel Updates, Inputs, Macros, China, The Market and my ramblings.

The Thesis - Is Dead? Long live The Thesis. Global Steel Updates, Inputs, Macros, China, The Market and my ramblings.
I know it's been a long time since you've seen me post a DD and update to what's going on in the world of steel.
The rumors of my demise are false and I have not gone into hiding or as many have speculated, "witness protection", but rather I have been inundated with life.
Before I get into what will likely be walls and walls of text, fancy graphs and information that will likely feel like you are being reeducated like this:

https://preview.redd.it/ckwy49pop9u71.png?width=900&format=png&auto=webp&s=18c393fdfb85831703f2f4251d7dcc00d7870a03
I want to touch on myself and this sub.
I have been lurking in the shadows for quite a while and honestly I've started this DD about 10 different times over the past few weeks and just couldn't find the time to deliver something I would be proud of.
Let's start with this sub - I absolutely love it and the people that have come here to follow the thesis.
With that being said, I stated months ago that I did not want this sub to be about one person - me.
My goal from the beginning was always to educate everyone about the commodity I love so much - steel, but it was more important to create a community of sharing and fellowship.
There are so many other brilliant people that have posted here, many with much more to offer and have done so out of the kindness of their hearts and to help others become more educated and intelligent investors.
Sure, we can have debates and argue "Bull" & "Bear" cases for everything, IT'S ALWAYS BEEN ENCOURAGED.
Echo Chambers benefit no one other than people with big egos.
I have also, ALWAYS said, if you have ideas that will make money, share them!
I love steel, but I love money more.
This sub is only as strong as the fabric of the people that decide to interact and share ideas here.
If you want to complain, please do so in a civil and well thought out manner - always be kind - trust me, you'll feel better for it.
Now, before we take the journey together down the rabbit hole, I wanted to briefly touch on my absence from posting.
As I said, I've been here the entire time watching and there are quite a few people here that I engage with and talk to daily.
When I was posting consistently, there seemed to be a lot of apprehension into "if this play is so good, why do you have to keep reminding us??"
I got a lot of complaints about the constant "pumping".
It was never "pumping" - it was me doing what I do throughout my life and that is committing 100%, actually, overcommitting to be honest.
My updates were meant to give everyone visibility into what I still believe to be the MOST SIGNIFICANT TRANSFORMATIONAL SHIFT in the history of the steel business, with the last being the invention of the EAF.
Then, I backed off posting, not because I believed the thesis was dead or prices came down on our beloved steel tickers.
As soon as I stopped, then the other side of the crowd was unhappy.
"Thesis Dead"
"No Lambo"
"These bags are heavy"
Here's one from the other day from u/needafiller
"Hey man, I haven't checked my portfolio of MT Jan calls in 2 months. But judging from your MIA status and the status of the sub, I'm guessing my calls will expire worthless. Thanks for teaching me a valuable and expansive lesson"
I'm guessing he meant "expensive". . . .regardless, I have realized a couple things:
  1. I am never going to make you all happy.
  2. I am not responsible for your choices.
Believe it or not, those two things were very hard for me, as of course, we all want to be liked and I want all of you to prosper.
The amount of messages I get asking my opinion on portfolios and trades is sheer lunacy and became overwhelming.
Many weren't even very friendly, much like it was my obligation to answer without even a greeting or a pleasantry.
Ok, I know I've ranted quite a bit and I'm sure some of you are about to have a full-blown seizure from all of the eye-rolling and pontificating, but let me say one last thing about me and I'll move on.
I am a person, I have a demanding career, I have a family, I have a life outside of here that I ended up neglecting trying to pour myself into this sub for almost the past year.
There are only so many hours in a day and time is the most valuable thing we all have, next to our health.
We all need to have priorities and this sub is going to have to move down my list a bit.
I am honored that many of you think so highly of what I share, it is greatly appreciated.
I will share when I can, but I have to say - there are many here that are doing a great job and carrying the baton - thanks!
Now, let's get on with the show.
There is just so much to unpack that I feel like I need to start over, but I'm not going to do that.
The information I shared is there and it is still relevant today and part of the ever-evolving thesis.
For those that keep asking questions - please read all my past DD's to get up to speed.
So many topics - where do we start?????
China, China, China has really been the hot topic of not only the steel world, but also the global economy. The GDP slowdown, Evergrande, power outages, property market, construction, coal, steel output cut to multi-year lows, etc. It's a lot to digest and well the market has been choking on it for the past 30+ days.
Everyone knows that China has always been the world's market setter for steel prices, as they are the largest manufacturer as a country, collectively in the world.
The way it used to work was China would export their low cost steel and create a domino effect across the globe - lowering many countries steel prices by putting pressure on their domestic manufacturers and many times forcing them to export to other countries their excess capacities.
We are no longer seeing the deluge of low cost Chinese steel flowing out of the country.
Instead, there is less and less available month over month, as now production has not only been cut, but so have the hours in which Chinese manufacturers can operate.
https://www.taipeitimes.com/News/biz/archives/2021/10/16/2003766173
The Kaohsiung-based company urged Taiwanese steel-using companies to take advantage of the lower steel prices to prepare for Environmental Social Governance (ESG) challenges it sees coming down the line for related industries.
“We hope that our downstream buyers can take full advantage of this period of price stability in steel to accelerate their ESG transition efforts and be prepared for the worldwide trend in decarbonization,” China Steel said in a statement.
The company also said it plans to reduce carbon emissions from 2018 levels by 7 percent by 2025, and to be completely carbon neutral by 2050.
“We will be following the lead of Tata Steel Europe and Germany’s Thyssenkrupp Steel in adding a carbon surcharge,” the company said.
China Steel said that several factors are indicating a rebound in Asian steel prices in the fourth quarter, including a rise in demand due to a global economic recovery as well as a surge in raw material costs.
“The strict ‘dual-control’ electricity use policy mandated that many steelmakers in China can only run during off-peak hours from November 15 to March 15, 2022,” the company said.
“We predict that crude steel production will decrease by at least 30 percent,” it added.
In addition to predicting tighter supplies due to electricity shortages, the company said that the price of coking coal has broken US$400 per tonne, while iron ore, which hit bottom last month, has risen by nearly 40 percent.
“Given the tightness in supply of various steel smelting materials and the Baltic Dry Index has reached a 13-year high, we expect Asian steel prices to rebound,” China Steel said.
The Baltic Dry Index is a bellwether index for global dry bulk shipping, which has surged alongside demand for coal imports amid a global energy crunch.
Global and domestic demand for steel is expected to be strong, said the state-run company, which has a committee decide the price of steel for domestic delivery, monthly for some products and quarterly for others.
The World Steel Association predicted that “the demand for global steel will grow by 4.5 percent year-on-year to 1.86 billion tonnes, and that a further 2.2 percent growth year-on-year is expected in 2022,” China Steel said, adding that it expects a bullish steel market until next year.
China’s production in September fell by close to 20 percent year on year (YoY) and around 11 percent month on month (MoM). This, however, is positive for steel companies as it points to structural changes that are likely to be seen in the global steel environment, which has been the key focus for many months.
We are in an environment of high input costs with coal, fuel, transportation, labor - the inflation that was called transitory is very much here and I believe it is here to stay for quite a long time.
https://www.kitco.com/news/2021-10-12/These-commodities-are-most-affected-by-high-energy-prices-Capital-Economics.html
The commodities that are likely to be most affected by the looming energy crisis are the industrial metals, agriculture, and the precious metals sector, Capital Economics commodities economist Edward Gardner said in a report.
"Historically, energy prices have been most correlated with industrial metal prices, followed by agricultural prices, and precious metals prices. This is also evident from the annual correlations of different commodity prices with energy prices," the report said.
The higher the energy prices rise, the more it will cost to produce these commodities. "The precise association between energy prices and other commodity prices, however, depends on both the energy intensity of production and the similarity of underlying demand drivers," the report clarified.
Industrial metals seem to be the most correlated with energy prices. "It is clear that industrial metal prices track energy prices the most closely over time, which is mainly because the drivers of demand are similar. That said, industrial metals, like many commodities, require large energy inputs to produce, which is another reason why their prices tend to move together," Gardner said.
The metals sector accounts for 10% of global energy usage. More specifically, steel production takes up 6.5% of global energy usage.
https://oilprice.com/Energy/Energy-General/Europes-Energy-Crisis-Is-Hurting-Metal-Producers-In-A-Big-Way.html
Power prices have been rising all year. The situation, however, has become particularly acute since the summer. Natural gas prices have spiked and coal prices on the spot market have risen strongly.
The shortage of natural gas in Europe has driven the cost increases. Furthermore, it has encouraged power producers to shift to coal, just as global coal prices have surged on the back of output shortfalls in China and India. Those shortfalls have resulted in increased imports by the world’s two largest thermal coal consumers. (Also the world's largest steel producers)
Steel mills are already imposing power cost increases of up to Euros 50 per ton on long products to cover mostly power-related costs but, to a lesser extent, transport costs within Europe, too. The region is suffering from an acute lack of drivers and transport capacity.
https://preview.redd.it/s2cejld0xau71.jpg?width=473&format=pjpg&auto=webp&s=442c5289871f24cc19ea091c7419634d91c4d4fe
Both production cutbacks and energy-specific surcharges are likely to become an increasing feature of the European metal market this year. They will probably also be a factor into next year, as high electricity, coal and natural gas costs are going to be sustained through the winter season, with little hope that inventory levels will be replenished — and, therefore, easing of prices — before next summer.
I expect prices for steel products to stay high on the back on increased inputs as well as supply chain restocking world-wide for the next 12-18 months.
The global recovery is still uneven and cutbacks will further exacerbate supply shortages, causing demand to push prices higher.
Also, steel manufacturers are passing on the increased costs of steelmaking by not only increasing prices, but also in the form of surcharges.
My personal opinion is that we see steel prices continue to rise on the back of inflationary pressures, as well as increased prices of many other commodities.
That brings me to the US and the steel market here, which remains red hot in terms of demand with supply still not catching up.
Depending on the product, lead times are anywhere from 6 to 22 weeks.
Remember, the US is an "insulated market" in many regards due to the deep moat right now that is the Section 232 tariffs as well as the nosebleed costs of ocean freight from other countries to the US.
I'll first touch on shipping costs.
The problem is the lack of vessels, especially the smaller ships that handle bulk freight.
The Supermax vessels are all transporting 20' and 40' containers - which is also a nightmare in itself.
Prior to COVID, the cost to move a ton of steel from Europe and Asia was roughly $20 per metric ton.
Today, it is $160 per metric ton.
That is an 800% increase.
Then you have congestion problems all over the US, which is extending lead times, increasing costs of trucking and rail.
As of this morning:
Rail Terminal Updates:
BNSF & UP/LAX/LGB BNSF:
  • There is a severe congestion, limited gate capacity, restrictions, rail car shortages and limited reservations. This is causing increased delays on import rail units.
  • At the end of September, BNSF (Burlington Northern Santa Fe) announced an embargo to Los Angeles for all cargo to LAX/Hobart, affecting operations from Chicago.
  • BNSF closure for LAX-bound cargo extended through October 15th.
  • In LAX, containers have to wait an average of almost 16 days before being picked up.
Chicago Rail Ramp:
  • The rail facilities in Chicago are experiencing severe congestion because of dwelling containers and chassis shortages. G3 and G4 locations are only allowing ten open spots daily, causing a large backlog for containers to be picked up for imports.
  • There are gate restrictions and lane suspensions implemented, causing delays in pick-ups and deliveries. The rails continue to monitor in-gates with allocation or reservations.
Philadelphia:
  • Severe shortages of available chassis, extended delays in pick-ups, deliveries, and drayage.
Savannah:
  • Continued congestion and delays at the local ramps, shortage of chassis and equipment.
Jacksonville and Miami:
  • Congestion issues at both rails. The rail congestion in Chicago is affecting services out of Miami. Long delays in picking up/dropping off.
Seattle:
  • Congestion due to increased dwell time for Import rail cargo. Cargo going to Chicago delayed by up to 10 days. Limited trucker capacity.
  • The warehouse is up to capacity, long waiting line for export/import.
Memphis:
  • Rail Ramp congestion due to increased volumes and delayed pick-ups.
Houston/Dallas:
  • There is a severe chassis shortage and congestion. Truckers are booked for 2-3 weeks in advance.
Port Terminals:
Due to increased volume, most terminals are experiencing congestion issues, including Philadelphia, Savannah, Miami, Houston, Seattle, Los Angeles/Long Beach.
1. U.S. East Coast:
Philadelphia:
  • Vessel waiting time is 24-36 hours due to high import volume.
Savannah:
  • Vessel waiting time is 7 days due to off proforma vessels and high import volume. Carriers are advancing cut-offs with little to no notice, which highly affects operations.
Port Everglades and Miami:
  • Vessel waiting time is 3-6 days causing a CFS Backlog. Equipment shortages are resulting in pick-up delays.
2. U.S. West Coast:
Around 70 container ships are still waiting off the coast of California to unload at the ports of Los Angeles and Long Beach.
Los Angeles:
  • Vessel waiting time is 8-15 days due to yard congestion, high import dwell, and labor shortage.
Long Beach:
  • Up to a 15-day vessel waiting time due to high import dwell and labor shortages.
Seattle:
  • 25-30-day vessel waiting time due to high import volume and labor shortages.
Oakland:
  • 1-2-day vessel waiting time due to high import volume and labor shortages.
3. U.S. Gulf Coast:
Houston:
  • Waiting time is 2-4 days due to high import volume and labor shortage.
Equipment Availability:
  • There is a continuous chassis shortage in LAX/Long Beach, New York, Philadelphia, Saint Louis, Columbus, Cleveland, Chicago, Memphis, Atlanta, Nashville, and Louisville.
  • Equipment availability remains an issue at locations such as Atlanta, Chicago, Cincinnati, Columbus, Detroit, Kansas City, Minneapolis, Memphis, Nashville, Omaha, St. Louis, and Seattle.
Do you think we may have a little bit of a problem here??
It's why I told everyone to do their Christmas shopping back in June.
It's only showing signs of worsening as global supply chains keep trying to catch up and restock, but demand continues to outpace supply.
Now the tariffs.
https://www.reuters.com/business/us-hopeful-reaching-deal-with-eu-steel-tariffs-by-end-october-source-2021-10-14/
"We're hopeful we can reach agreement by the end of the month," the source, who spoke on condition of anonymity, told Reuters.
A steel industry source said Tai and the EU were edging closer to a likely agreement that would replace the Section 232 tariffs with a tariff-rate quota (TRQ) arrangement that would allow duty-free entry of a specified volume of EU steel, with tariffs applied to higher volumes.
This person said that talks are "going well," but was reluctant to say that a deal would be reached by Oct. 31.
Dombrovskis has expressed openness to a quota arrangement similar to those that Canada and Mexico have with the United States, but said a deal is needed by early November.
Other EU officials have told Reuters that much depends on the volume of steel allowed duty free into U.S. ports.
The industry source said EU negotiators were seeking to base the quota on U.S. import volumes prior to the imposition of the 232 tariffs in 2018, while U.S. negotiators want to base the quotas on lower volumes after the tariffs were imposed.
I've said for a while now that I believe the elimination of these tariffs would be good for the US, as it would bring extra supply into a market that is in dire need of surplus material.
It would give price stability to US manufacturing that would be able to plan better and buy material at a discount from current spot prices in the US.
We all knew $2,000/ton steel would not last forever, even if it normalizes around $1,200 to $1,400 per ton, it would still be 250%+ above historic norms.
$CLF, $NUE, $STLD, $X, etc. would all still throw off obscene amounts of FCF at these levels.
In addition, there would be a quota system in place, which means the supply into the US is FINITE.
There would not be a flood of cheap import steel, but rather supplemental supply that would benefit US manufacturers and also, most notably, still my baby - $MT.
EU HRC is approx. $950/MT, add the 25% tariff of $237.50 = $1187.50/MT
Freight is $160/MT
Total landed to a US port is $1,347.50/MT, then you have unloading and reloading to a truck or rail costs and then the trucking or rail freight costs, which could land you into the Midwest at as much as $1,450/MT.
That price would be great today, but shipments from Europe would not arrive in the US until February at the earliest.
February US Midwest futures sit at $1,380 today.
https://www.investing.com/commodities/us-steel-coil-contracts
So, doesn't make much sense.
However, take away $237.50/MT and it makes a lot of sense.
We will see how this plays out, but I do not see it as a detriment to US manufacturers.
It could be a big win for EU steel manufacturers however, especially if ocean freight decreases, but that is not looking likely until at least Q3 of next year in my opinion.
Many executives I talk to believe 2022 will be a carbon copy of 2021 in terms of lack of supply heading into next year and prices moving back up throughout the year due to demand and inflationary pressures.
Let's jump back to inflation for a bit because I think it's a real important concept and we have been told for months now that it was transitory.
I never really agreed with that assessment, how inflation is measured and the commodities that are all lumped together.
https://www.washingtonpost.com/business/2021/10/15/us-economy-inflation-uncomfortable/
Regardless, news last week that U.S. inflation is running at a 13-year high of 5.4 percent confirmed what many Americans already know as they juggle their budgets: Food, energy and shelter costs are all rising rapidly, adding to the strain Americans were already dealing with from the higher costs of hard-to-find goods such as cars, dishwashers and washing machines.
Workers are demanding pay increases because they can see their wages aren’t buying as much with so many everyday necessities costing more, including rent. That leads companies to hike prices more, then workers turn around and demand another pay raise. Economists call this phenomenon a “wage-price spiral.” It often leads to sustained high inflation that forces the Fed to step in to stop it.
Rising food, gas and rent costs hit the budgets of low- and middle-income Americans hard. While wages have been rising at the fastest pace in decades, the gains have been eaten up entirely by rising costs, Labor Department data shows. This prompts workers to ask for more pay.
“The wage-price spiral has already begun,” said economist Sung Won Sohn of Loyola Marymount University and SS Economics. “In the financial markets and the economy, the biggest long-term problem we have is inflation. You can’t turn the inflation rate on and off.”
Higher wages, in my opinion, are not transitory.
Higher steel prices, also in my opinion, are not transitory either.
This is where we get back to the most fundamental change in steel making - which is the "Green" initiative and becoming carbon neutral.
This is going to require A LOT of scrap and from the beginning of this thesis I said steel prices in the future would be fought over the cost of scrap and more importantly - the supply of scrap.
I'll get back to scrap shortly, but I believe inflation will be another catalyst to keep steel prices elevated for the foreseeable future.
We hear about inflation here in the US, but a lot of people don't realize that China is actually exporting inflation at this point.
Remember earlier when I talked about China being able to deflate steel prices across the world?
They have been able to export deflation for decades by having stagnant wages and manipulating their currency through low interest rates.
https://seekingalpha.com/article/4457920-are-we-entering-a-commodity-supercycle
Today, inflation "revenge" has caught up with China. Like everybody else in the world, China is dealing with all kinds of commodity shortages including copper, coal, steel, and iron ore, chickens, lumber, etc. China has its own supply problems and rising prices. While China hopes this is temporary, its economy has developed enough in recent decades, and workforce wages have risen enough, that the days when they can supply goods at "lower prices" to keep inflation at bay are over.
As material prices soar, China's factory-gate inflation has hit 13-year high levels. China is now set to be exporting inflation to the world. Given that China is facing high internal demand from its own population and that the earning power of its citizens is increasing, it is becoming virtually impossible to pressure its workforce to accept the "old cheap" wages that it used to pay its labor. Devaluing their currencies is no longer a viable option they can use either as an indirect way to lower their labor purchasing power. It all comes down to "scarcity of natural resources". No wonder why prices of all kinds of commodities are rising.
Then we have the DXY, which has actually strengthened over the past 3 months from a low of 89.6 to 93.9, it is still flat on the 1 year chart.

https://preview.redd.it/8kk1d76qmau71.png?width=1786&format=png&auto=webp&s=b43119879071efcf8af30603c8b6143e0c0485fd
https://www.investopedia.com/articles/forex/09/factors-drive-american-dollar.asp

Weakening U.S. Dollar

A combination of the budget deficit and the current account deficit is seen as a long-term structural driver of a weaker U.S. dollar. The speed and size of government stimulus packages in response to the global pandemic have been unprecedented. As a result of the federal government pumping trillions into the economy, the twin deficits reached all-time lows earlier this year.

https://preview.redd.it/np8phln4rau71.png?width=1252&format=png&auto=webp&s=54c2c22deced5b6d6fa0ebbbd1f5a37da26735e8
The U.S. budget deficit rose to $2.71 trillion through August, on track to be the second-largest shortfall in history due to trillions of dollars in COVID relief.
Given the likelihood of a two-year gap between the beginning of the Fed’s tapering of bond purchases and the first interest rate increase, the dollar may struggle to rise past its current levels through the end of 2022
The value of the dollar is very important for commodity prices because the U.S. dollar is the benchmark pricing mechanism for most commodities. Commodity prices have an inverse relationship with the dollar value, so a declining dollar means rising prices.
As the world starts to reopen and the recovery becomes more global and even, I believe we will see the USD weaken against other currencies, especially if we see a passage of the $3.5T, $2.5T or whatever package that President Biden is trying to get through Congress as it will mean more money printing and higher corporate taxes.
Speaking of Infrastructure - that will be yet another catalyst for steel prices in the United States.
There are plenty of positives in the demand outlook, including the bipartisan infrastructure bill with about $550 billion in additional spending planned. In Nucor's July 22, Q2 earnings call, CEO Leon Topalian said the infrastructure bill should boost steel demand "by as much as 5 million tons per year for every $100 billion of new investment."
This afternoon $STLD reported earnings.
Steel Dynamics earnings were seen exploding to $4.95 from 51 cents a year ago, according to Zacks Investment Research. Revenue was seen more than doubling to $4.99 billion.
Steel Dynamics earnings came in $4.96 a share, just beating views. However, another consensus forecast had EPS at $4.57, which STLD comfortably beat. Revenue leapt 118.5% to $5.09 billion.
"We continue to see strong steel demand coupled with moderating, but still historically low customer inventories throughout the supply chain," CEO Mark Millett said in a statement. "We believe this momentum will continue and that our fourth quarter consolidated earnings could represent another record performance."
Other strengths include lean stocks throughout the supply chain, with automakers needing to rebuild "staggeringly low" inventories, he said.
The lift in oil prices also could boost demand in the oil sector that's been a drag throughout the pandemic.
Steel prices have always been strongly correlated with oil prices and I believe we will see this continue.
That brings me to scrap.
The big news last week was $CLF entered into a definitive agreement to acquire Ferrous Processing and Trading Company.
https://www.clevelandcliffs.com/news/news-releases/detail/533/cleveland-cliffs-enters-the-scrap-business-and-announces
This completes the vertical integration for $CLF and LG knows that the future will be largely dependent on EAF manufacturing and the utilization of scrap as the input of choice.
Transaction rationale:
  • Allows Cliffs to optimize productivity at its existing EAFs and BOFs as the Company has no current plans to add additional steelmaking capacity
  • Expands portfolio of high-quality ferrous raw materials to include iron ore pellets, direct-reduced iron, and now prime scrap
  • Immediately secures substantial access to prime scrap, where demand is expected to grow dramatically with limited to no growth in corresponding supply
  • Creates a platform for Cliffs to leverage long-standing flat-rolled automotive and other customer relationships into recycling partnerships to grow prime scrap presence
  • Furthers commitment to environmentally-friendly, low-carbon intensity steelmaking with cleaner materials mix
Global View of Scrap: Uptrend of international scrap market continues unabated
- Over the past week, the international scrap market has continued its uptrend unabated. In Turkey’s import scrap market, the price has increased by 7.57 percent or $34/mt week on week for prime HMS I/II 80:20 scrap. The month-on-month price rise is now 12.9 percent. Higher freight costs boosted by strong demand are still pushing up prices in Turkey, while market players have started to say that the psychological threshold of $500/mt will be reached and exceeded in the coming week. Some mills are already concluding deep sea scrap deals for December shipments to secure needed tonnages.
- On the US side, October scrap prices were settled less than a week ago and, now, many in the market have turned their sights to the next buy cycle, which will start in just over two weeks. There are numerous planned maintenance outages that had been scheduled to take place in the last four months of the year. Market players agree that a downward movement is unlikely in the local US scrap market, though, as far as how much upside the market could experience, sentiment is largely mixed. Whereas some believe that shredded scrap, which settled at roughly $450-455/gt in the Ohio Valley and Northeast, could tick up to $470-475/gt next month (with similar upticks seen for other scrap grades in this region), others believe that that the only mills that will pay higher prices next month are those that decreased prices down during this month’s buy cycle.
- South Korean mills have continued to raise their import scrap prices in deals concluded from Russia and Japan. SteelOrbis has learned that Dongkuk Steel has bought 27,000 mt of Russian A3 grade scrap at $534/mt CFR, $51/mt higher than the previous deal in late September. Suppliers from the US are going to target not less than $545/mt CFR for HMS I in South Korea in the next round of sales, while the previous sale price was rumored at $522.5/mt CFR. Demand for the lower grade ex-Japan scrap from South Korea has been not very high, so the tradable level for ex-Japan H2 scrap in South Korea has remained almost stable at JPY 52,000-53,000/mt ($458-467/mt) FOB, while a number of new deals for shredded, HS and shindachi have been reported in the market at increased prices.
- Vietnamese steelmakers have faced higher offers for scrap from the US and Japan and, though bids have also started to increase gradually, trading has been inactive this week. Japanese H2 grade scrap offers to Vietnam are currently in the range of $535-550/mt CFR, while Vietnamese buyers’ target prices for this grade is at $525/mt CFR for now. Also, ex-US HMS I/II 80:20 scrap offers to Vietnam at $550/mt CFR, while tradable prices have also increased to $535-540/mt CFR, up by $15-20/mt on average from last week.
- The import scrap price increase in Pakistan during the current week has been gaining momentum, following the global trend. By the end of the week, offers for shredded 211 scrap of European origin reached $550-555/mt CFR, up $30/mt over the past week, with Pakistani customers being quite active in bookings, but at prices not higher than the low end of the range. Meanwhile, domestic producers of rebar have adjusted their prices upwards by PKR 3,000/mt (around $17-18/mt), aiming to pass on higher input costs.
- Import scrap offers in Bangladesh have risen significantly during the current week. Though Bangladeshi customers have not resumed bookings yet, preferring to evaluate the current developments, some of them are expected to book material in the coming week. While offers for bulk HMS I/II 80:20 scrap have increased by $35/mt during the week, to $570/mt CFR, containerized HMS I/II 80:20 scrap has been offered at $535/mt CFR, up $20/mt over the past week. Shredded scrap of European origin has added $5-10/mt over the past week to $560-565/mt CFR. The shortage of containers has remained the most challenging issue in doing business.
- Ex-Japan scrap prices have continued to strengthen, with the results of the Kanto monthly export tender only confirming the bullish mood among market participants concerning future developments. On balance, the tender in October was closed at over $60/mt higher compared to the previous month. While the price in the Kanto tender corresponds to JPY 54,213/mt ($480/mt) FOB, the SteelOrbis reference price this week was settled at JPY 52,000-54,000/mt ($455-473/mt) FOB, adding JPY 500/mt to the high end of the range over the past week due to the higher bids from Vietnamese customers.
https://www.prnewswire.com/news-releases/global-steel-scrap-market-to-reach-748-2-million-metric-tons-by-2026--301331321.html
Amid the COVID-19 crisis, the global market for Steel Scrap estimated at 574.5 Million Metric Tons in the year 2020, is projected to reach a revised size of 748.2 Million Metric Tons by 2026, growing at a CAGR of 4.5% over the analysis period. Obsolete, one of the segments analyzed in the report, is projected to grow at a 5.3% CAGR to reach 438.5 Million Metric Tons by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Prompt segment is readjusted to a revised 3.4% CAGR for the next 7-year period. This segment currently accounts for a 26.3% share of the global Steel Scrap market. Obsolete scrap, or old scrap, represents the largest segment. Obsolete scrap consists of any redundant steel product with no usage life and is generally collected when the products made from steel reach their end of life. Prompt scrap is obtained when steel products are being manufactured. This type of scrap consists of punchings, turnings, borings and cuttings.
The Steel Scrap market in the U.S. is estimated at 52.3 Million Metric Tons in the year 2021. The country currently accounts for a 8.78% share in the global market. China, the world's second largest economy, is forecast to reach an estimated market size of 301.7 Million Metric Tons in the year 2026 trailing a CAGR of 5.7% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.7% and 3.2% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 2.6% CAGR while Rest of European market (as defined in the study) will reach 319.3 Million Metric Tons by the end of the analysis period.
Scrap will continue to grow in demand for many years to come and the move by LG to acquire a company that controls 15% of the US scrap market was a very brilliant one.
In summation, the catalysts as I see them:
  1. China - further output cuts, less steel in global market.
  2. China - increase in steel prices on the back of rebound in domestic demand and global supply chain needs.
  3. Increased cost of coke and coal.
  4. Carbon surcharges.
  5. Inflation
  6. Weakening of USD.
  7. Infrastructure
  8. Increasing long term demand for scrap.
I know many of you guys want new PT's.
I'm not giving any new updates on those, as I'm still very comfortable with the PT's I last put out.
Of course, the timing is the million dollar question.
I still think $CLF and $MT are the two stocks that have the most meat left on the bones, but I could also see 40-50% upside on $STLD, $NUE and $X from their current prices.
I believe that Q4 will be even healthier than Q3 and believe you will hear it in the guidance for all other manufacturers like you heard it in the guidance from $STLD today.
I still believe we are in the early stages of the 5th Commodity SuperCycle of all time:

https://preview.redd.it/w1eg75lt8bu71.png?width=1368&format=png&auto=webp&s=2e5e0bf275f33c87c39050a34f2f448a862270eb
I believe we are going to get to that red dot WAYYYYYYYYYYY before 2045.
Thanks for following me and valuing my opinion.
I promise you all not to be a stranger and I'll be around a bit more over earnings than I have been.
Hang in there!
-Vito
submitted by vitocorlene to Vitards [link] [comments]

Ameritrade review Reddit

Ameritrade review Reddit

TD Ameritrade is an American broker that has been serving clients for more than 40 years. It is based in Omaha, Nebraska.

The company was founded in 1975 as First Omaha Securities.
Over the years, it has grown through mergers and acquisitions of other brokerages. It combined and acquired several additional funds, including Ameritrade, TD Waterhouse, and Scottrade.
On November 25, 2019, Charles Schwab announced the acquisition of TD Ameritrade as part of a stock deal worth Approximate $26 billion. The deal closed on October 6, 2021. At the time of closing, the combined company had approximately $6 billion in assets and 28 million brokerage accounts.
Charles Schwab believes the integration will take between 18 and 36 months from deal closing, during which time TD Ameritrade operates as an independent brokerage.

Ameritrade review Reddit:

https://preview.redd.it/upxexro9ms991.png?width=1022&format=png&auto=webp&s=001b80a4984268aaa48fa7f14fd78e1c641b0654

Is TD Ameritrade a regulated broker?

TD Ameritrade brokerage company is regulated by the Securities and Exchange Commission ( SEC ), Commodity Futures Trading Commission ( CFTC ), Financial Industry Regulatory Body ( FINRA ), Hong Kong Securities and Futures Commission Kong (SFC) and the Monetary Authority of Singapore (MAS).

How are you protected?

All TD Ameritrade clients are covered by the US SIPC Investor Protection Scheme. The SIPC Investor Protection Scheme protects against the loss of cash and securities in the event of a broker's bankruptcy. The SIPC protection limit is $500,000, including $250,000 in cash.
This amount exceeds the amount provided by most national investor protection schemes. In addition, TD Ameritrade has an additional insurance policy for assets not covered by SIPC, which provides total coverage of up to $152 million (including $2 million in cash) per customer.
However, not all investments are protected by SIPC. In general, SIPC covers stocks, bonds, mutual funds, and other securities, but does not cover Forex, futures, commodities, and options. In addition, TD Ameritrade does not provide negative balance protection.

What is the maximum leverage at TD Ameritrade?

The TD Ameritrade broker offers a maximum leverage of up to 1:30.

What types of accounts does TD Ameritrade offer?

TD Ameritrade brokerage company provides standard trading accounts for trading Forex, futures and options. The broker also offers managed portfolios for those who want to invest in stocks and other assets without the need for self-trading.
In addition, the broker offers the following types of accounts:
https://preview.redd.it/4oe00x1mls991.png?width=730&format=png&auto=webp&s=f2ec7842b0a574320f7434610ba7d9ff0b267f92

Commissions and charges

The Commission for trading stocks and ETFs online is $0, regardless of the number of shares purchased and your account balance. The Options Trading Commission is only $0.65 per contract. For Forex instruments, the Commission is included in the spread.
There are no charges for the use of platforms, access to market data or account inactivity.
https://preview.redd.it/fvz9uqsnls991.png?width=689&format=png&auto=webp&s=26dd365fc7915e73301e5281dbb2915ccbaa7535

TD Ameritrade Trading Platforms

TD Ameritrade offers a web platform for simplified trading and a Thinkorswim Desktop platform for advanced traders. This platform offers a demo account, includes trader sentiment, chats, customizable alerts, social trading and analytical tools. For those who want to trade on the go, they can use the Thinkorswim mobile app.
https://preview.redd.it/qxuo6ieqls991.png?width=1078&format=png&auto=webp&s=df73b40f2b50b96ad946757cb436bac514989a69

Investment products

The brokerage company offers almost all possible investment options. Its products include common and privileged shares, bonds, mutual funds, ETFs, futures, options, commodities and gold, cryptocurrencies and Forex currency pairs. The downside is that you can only trade stocks and ETFs in the US market.
https://preview.redd.it/wq4puszsls991.png?width=689&format=png&auto=webp&s=ee6d01af69aa4a5b05f980ea889ffc86a75fd8d7

Which countries TD Ameritrade accepts cleint from?

TD Ameritrade caters primarily to US clients. However, the broker also serves clients from China, Hong Kong, Malaysia, Singapore, Taiwan, and Thailand. Canadian clients can use TD Direct Investing solutions within the TD Group, but not TD Ameritrade.
Please note that the services offered may differ from the country in which you live. For example, clients from Hong Kong, Malaysia and Singapore cannot trade mutual funds or currencies, only stocks, ETFs and options.

Deposit Methods

Deposit and withdrawal are only possible via checks, wire transfer and ACH. TD Ameritrade does not accept credit/debit cards or electronic wallets for money transfers. The broker does not charge additional commissions for deposits and withdrawals. The exception is wire transfer, which costs $25.
https://preview.redd.it/6bng2lmzls991.png?width=820&format=png&auto=webp&s=9ade4a08ffcd0ea55cd77cff86216d293d07d4fa

What is the minimum deposit at TD Ameritrade?

TD Ameritrade completely lacks a minimum deposit for US clients. Those interested in margin trading should remember that this type of trading increases the minimum deposit to $2,000. Also, the minimum deposit for non-US clients may be higher. For example, for clients from Malaysia and Singapore, the minimum deposit is $3,500.

Summary

TD Ameritrade is one of the largest online brokers in the United States. It does not charge commissions for stock and ETF trades, it offers a wide variety of trading instruments including Forex, futures, commodities and cryptocurrencies. Thinkorswim is one of the best Desktop trading platforms on the market. High level customer service.
However, TD Ameritrade does have some drawbacks. It does not accept credit/debit cards and e-wallets for money transfers, it is primarily aimed at US customers, and the stocks and ETFs only cover the domestic market.
  1. READ MORE: Capitalist Exploits Review (Free and Paid Newsletters).
  2. READ MORE: Is investing in gold a good idea?
submitted by kayakero to reviewsforyou [link] [comments]

Binomo web

A Forex buying and selling internet site will play an essential function if you need to begin an online enterprise trading currency in the market. That's due to binomo web the fact the Forex market internet site maybe your on a spot source of assist and information to realize extra approximately the Forex market and a way to benefit from it.
There are distinct styles of Forex trading websites. You have to recognize the differences among those websites so that you could have a simpler time finding the facts you want.
submitted by binomoagency to u/binomoagency [link] [comments]

MT5 Binary options signal Indicator with Sound Alert

MT5 Binary options signal Indicator with Sound Alert
MT5 Binary options signal Indicator with Sound Alert
Description: This MT5 indicator creates a sound alert as soon as a major trend kicks in.
Signals can be used for IQ Option, Olymp Trade, Pocket Option, and Binomo
Strategy: 3 SMA with Engulfing Candle pattern
Time Frame: 1 Minute Candlesticks MT5 platform
Expiry: 5 Mins expiry
Call option: when Blue Up direction arrow appears.
Put option: When Red down direction arrow appears.
Type: Binary options Forex only
Currency pairs: EUUSD, GBP/USD, NZD/USD, AUD/USD, EUGBP, and USD/CHF
Mode: Can be used with MT2 trading Bot or Just on the regular MT5 Chart
Works with MT4: No [if required, need a weeks time to develop for MT4]
Price: USD 35
Winning Percentage: 85% winning ratio during New York/ London Session
Email us at '[email protected]' for payment details if you need this MT5 indicator. #binarypriceaction #MT5indicator #iqoption #binaryoptions #priceaction
MT5 binary options indicator with call and put signals and sound alert
#binarypriceaction
submitted by PAT-for-BO to u/PAT-for-BO [link] [comments]

IQ Option là gì! IQ Option có thực sự kiếm được tiền

IQ Option là gì? Hình thức hoạt động ra sao?

IQ Option là một sàn giao dịch quyền chọn nhị phân (Binany Option). Quyền chọn nhị phân nghĩa là bạn chỉ có 2 lựa chọn trong quá trình giao dịch. Giao dịch quyền chọn nhị phân như IQ Option, Olymptrade luôn là vấn đề đang được tranh cãi nhiều người bởi mức độ rủi ro của nó cao. Bạn chỉ có thể UP/DOWN (Tăng/Giảm) trong một khoảng thời gian nhất định. Nếu bạn chọn đúng bạn thắng, chọn sai bạn thua mất tiền. Tuy nhiên, so với đầu tư forex, hay chứng khoán, giao dịch quyền chọn rất dễ chơi, cùng cách tiếp cận đơn giản và số nạp tiền tối thiểu thấp. Điều này đã làm cho ai cũng có thể tham gia, thử trải nghiệm giao dịch quyền chọn.
Sàn IQ Option cung cấp nền tảng chơi nhị phân dựa trên biến động của các cặp tiền tệ quốc tế, chứng khoản, tiền ảo… dưới dạng chỉ số. Kiểu như bạn mua cổ phiếu hay mua bitcoin nhưng theo kiểu chỉ đánh vào chỉ số chứ bạn không thực nhận giá trị ấy. Chỉ số bạn đánh đúng xu hướng tăng hoặc giảm trong khoảng thời gian 1 phút, 5 phút, 15 phút thì bạn thắng. Sai xu hướng đường đi của chỉ số thì bạn thua.

Đánh giá sàn IQ Option với những sàn Binary Option khác

IQ Option hiện tại đang là sàn môi giới quyền chọn nhị phân (Binary Option) lớn nhất Châu Âu và có thể nói là sàn môi giới uy tín nhất Thế giới trong lĩnh vực này. Theo thống kê của Similarweb thì iqoption.com đứng ở vị trí 5 trên toàn cầu cao hơn cả Olymp Trade, Binomo,…

Có nên đầu tư chơi IQ Option hay không?

Đầu tư kiếm tiền phải có kế hoạch. Không đơn giản chỉ là đăng ký tài khoản, nộp tiền vào là phát sinh lãi ngay. Bạn cần phải trang bị kiến thức, tâm lý, làm quen với ứng dụng bằng tài khoản Demo. Tìm hiểu các chỉ số, cách đọc số liệu để có thể đưa ra những nhận định đúng về xu hướng tăng hay giảm trong giao dịch quyền chọn nhị phân được.
Ngoài ra, phải có kế hoạch cho việc mình đầu tư chơi. Phải đưa ra những kịch bản xấu nhất để mình không bị mất kiểm soát nhé! Vì là đầu tư thì sẽ có thắng thua, mất trắng. Không nên nhìn vào những tài khoản facebook khoe tiền, thắng ngàn đô mà chơi theo mất trắng nha. Bây giờ, có những nhóm trade IQ Option theo tín hiệu singal hoặc theo trade iq option bằng Robot auto. Theo bạn thì tỉ lệ win mỗi giao dịch là bao nhiêu? Nên hãy tỉnh táo trước mọi thông tin nhé!
Đọc đến đây nếu bạn muốn thử nghiệm thì hãy đăng ký thử một tài khoản demo mà thực hành nha! Link bên dưới.
Nguồn: https://iqoptiontips.com/iq-option-la-gi-danh-gia-chi-tiet-san-iq-option-nam-2020
submitted by iqoptionsvietnam to iqoptiontips [link] [comments]

Number of ACTIVE SDs and SBs (with ratios) by city and region

Introduction and methods

I previously did an analysis of search results by city. The main flaw was that it didn't reflect active SDs and SBs. It also skipped over several countries, especially in South America, with significant user bases. Time for an update!
The figures below are a much better reflection of active SDs and SBs. For SDs, I just took the number of search results for Premium and Diamond SDs. (Paying SDs who were inactive for more than a month were rare, as should be the case.) For SBs, most of the results outside the US are manually counted (navigated by 100s and then did a search to see how many times "months" appeared on a page, and anything 1 month or greater was deducted from the total). SB figures for most cities in the US are estimated based on an observed active:total ratio of .35. I counted New York results in full through a series of discrete searches separated by height and age. Other results above 1,000 active SBs are estimated based on active:total ratios for other cities in the country/region.
I'm reasonably sure I didn't miss any cities with more than 1,000 active SBs or 100 active SDs, other than perhaps some in the New York and LA metro areas that overlap. I went pretty far down the list of major cities on each continent and in each large country, as well as college towns and a list of metropolitan areas ranked by GDP. Searches for each city were done with distance set to 25 miles unless otherwise noted.

Observations

Edit: formatting and typos

Results

Cities with >1000 active SBs

City Premium SDs Active SBs Ratio
New York City, NY 2401 17897 7.5
Los Angeles, CA 1722 13896 8.1
London, UK 1581 11896 7.5
Atlanta, GA 602 8437 14.0
Houston, TX 543 7477 13.8
Chicago, IL 865 7105 8.2
Dallas, TX 722 6449 8.9
Toronto, ON, Canada 860 6165 7.2
Philadelphia, PA 555 5705 10.3
Phoenix, AZ 573 5618 9.8
Washington, DC 776 5450 7.0
Las Vegas, NV 563 4971 8.8
Miami, FL 682 4813 7.1
San Francisco, CA 779 4508 5.8
Boston, MA 696 4258 6.1
Orlando, FL 362 3699 10.2
Denver, CO 451 3574 7.9
Tampa, FL 391 3532 9.0
Melbourne, VIC, Australia 409 3508 8.6
Seattle, WA 504 3329 6.6
Mexico City, Mexico 291 3283 11.3
San Diego, CA (10 mi) 389 3204 8.2
Detroit, MI 340 3105 9.1
Austin, TX 485 3054 6.3
Baltimore, MD 250 3024 12.1
Minneapolis, MN 290 2887 10.0
San Antonio, TX 228 2828 12.4
Portland, OR 265 2799 10.6
Bogota, Colombia 85 2586 30.4
Charlotte, NC 244 2581 10.6
Paris, France 504 2546 5.1
Sydney, NSW, Australia 445 2407 5.4
Montreal, QC, Canada 394 2399 6.1
Riverside, CA 109 2380 21.8
Brisbane, QLD, Australia 189 2307 12.2
Vancouver, BC, Canada 394 2254 5.7
Sacramento, CA 167 2228 13.3
Manchester, UK 159 2213 13.9
Kansas City, MO 175 2210 12.6
New Brunswick, NJ (includes Rutgers) 328 2173 6.6
St. Louis, MO 187 2091 11.2
Manila, Philippines 108 2004 18.6
Raleigh-Duram, NC 251 1938 7.7
Columbus, OH 192 1881 9.8
Indianapolis, IN 180 1880 10.4
Fresno, CA 75 1861 24.8
Medillin, Colombia 76 1777 23.4
Cleveland, OH 150 1756 11.7
Cincinnati, OH 150 1742 11.6
Pittsburgh, PA 251 1711 6.8
Nashville, TN 201 1697 8.4
Birmingham, UK 140 1645 11.8
Oklahoma City, OK 136 1631 12.0
San Jose, CA 420 1623 3.9
Irvine, CA (10 mi) 346 1599 4.6
Jacksonville, FL 169 1579 9.3
Milwaukee, WI 124 1470 11.9
Virginia Beach, VA 63 1452 23.0
Madrid, Spain 147 1449 9.9
Hartford, CT 134 1428 10.7
Buenos Aires, Argentina 89 1370 15.4
New Orleans, LA 131 1354 10.3
Singapore 388 1340 3.5
Richmond, VA 112 1323 11.8
Salt Lake City, UT 147 1262 8.6
Calgary, AB, Canada 169 1215 7.2
Perth, WA, Australia 161 1192 7.4
Providence, RI 104 1192 11.5
Memphis, TN 80 1179 14.7
Barcelona, Spain 148 1174 7.9
Lima, Peru 89 1170 13.1
Edmonton, AB, Canada 147 1159 7.9
Ottawa, ON, Canada 141 1121 8.0
Leeds, UK 88 1111 12.6
Ann Arbor, MI (University of Michigan) 145 1090 7.5
Amsterdam, Netherlands 137 1064 7.8
São Paulo, Brazil 42 1059 25.2
Tuscon, AZ 68 1056 15.5
Auckland, NZ 181 1033 5.7
Buffalo, NY 84 1029 12.3
Akron, OH 77 1024 13.3

Cities with >100 SDs

City Premium SDs Active SBs Ratio
New York City, NY 2401 17897 7.5
Los Angeles, CA 1722 13896 8.1
London, UK 1581 11896 7.5
Chicago, IL 865 7105 8.2
Toronto, ON, Canada 860 6165 7.2
San Francisco, CA 779 4508 5.8
Washington, DC 776 5450 7.0
Dallas, TX 722 6449 8.9
Boston, MA 696 4258 6.1
Miami, FL 682 4813 7.1
Atlanta, GA 602 8437 14.0
Phoenix, AZ 573 5618 9.8
Las Vegas, NV 563 4971 8.8
Philadelphia, PA 555 5705 10.3
Houston, TX 543 7477 13.8
Seattle, WA 504 3329 6.6
Paris, France 504 2546 5.1
Austin, TX 485 3054 6.3
Denver, CO 451 3574 7.9
Sydney, NSW, Australia 445 2407 5.4
San Jose, CA 420 1623 3.9
Melbourne, VIC, Australia 409 3508 8.6
Montreal, QC, Canada 394 2399 6.1
Vancouver, BC, Canada 394 2254 5.7
Tampa, FL 391 3532 9.0
San Diego, CA (10 mi) 389 3204 8.2
Singapore 388 1340 3.5
Orlando, FL 362 3699 10.2
Irvine, CA (10 mi) 346 1599 4.6
Detroit, MI 340 3105 9.1
New Brunswick, NJ (includes Rutgers) 328 2173 6.6
Dubai, UAE 324 687 2.1
Mexico City, Mexico 291 3283 11.3
Minneapolis, MN 290 2887 10.0
Shenzhen/Hong Kong, China 286 643 2.2
Portland, OR 265 2799 10.6
Raleigh-Durham, NC 251 1938 7.7
Pittsburgh, PA 251 1711 6.8
Baltimore, MD 250 3024 12.1
Charlotte, NC 244 2581 10.6
San Antonio, TX 228 2828 12.4
Shanghai, China 202 374 1.9
Nashville, TN 201 1697 8.4
Columbus, OH 192 1881 9.8
Brisbane, QLD, Australia 189 2307 12.2
Delhi, India 188 297 1.6
St. Louis, MO 187 2091 11.2
Auckland, NZ 181 1033 5.7
Indianapolis, IN 180 1880 10.4
Kansas City, MO 175 2210 12.6
Mumbai, India 171 237 1.4
Jacksonville, FL 169 1579 9.3
Calgary, AB, Canada 169 1215 7.2
Sacramento, CA 167 2228 13.3
Kuala Lumpur, Malaysia 163 850 5.2
Perth, WA, Australia 161 1192 7.4
Beijing, China 161 204 1.3
Manchester, UK 159 2213 13.9
Fairfax, VA (10 mi) 151 590 3.9
Cleveland, OH 150 1756 11.7
Cincinnati, OH 150 1742 11.6
Dublin, Ireland 150 836 5.6
Barcelona, Spain 148 1174 7.9
Madrid, Spain 147 1449 9.9
Salt Lake City, UT 147 1262 8.6
Edmonton, AB, Canada 147 1159 7.9
Ann Arbor, MI (University of Michigan) 145 1090 7.5
Ottawa, ON, Canada 141 1121 8.0
Birmingham, UK 140 1645 11.8
Amsterdam, Netherlands 137 1064 7.8
Oklahoma City, OK 136 1631 12.0
Hartford, CT 134 1428 10.7
New Orleans, LA 131 1354 10.3
Brussels, Belgium 127 518 4.1
Tokyo, Japan 126 399 3.2
Milwaukee, WI 124 1470 11.9
Honolulu, HI 124 560 4.5
Bangalore, India 114 151 1.3
Richmond, VA 112 1323 11.8
Riverside, CA 109 2380 21.8
Manila, Philippines 108 2004 18.6
Providence, RI 104 1192 11.5
Zurich, Switzerland 102 349 3.4

All searched cities/regions by ratio

City Premium SDs Active SBs Ratio
Maracaibo, Venezuela 0 153
Curitiba, Brazil 0 138
Valencia, Venezuela 0 94
Salvador, Brazil 0 76
Fortaleza, Brazil 0 63
Bandung, Indonesia 0 59
Kharkiv, Ukraine 0 32
Dnipro, Ukraine 0 15
Tehran, Iran 0 12
Kingston, Jamaica 1 308 308.0
Belo Horizonte, Brazil 1 133 133.0
Cali, Colombia 5 613 122.6
Guayaquil, Ecuador 2 231 115.5
Brasilia, Brazil 1 94 94.0
Quito, Ecuador 4 330 82.5
1000 miles of Kabinda, Dem Rep of Congo (all of Central Africa) 5 382 76.4
Caracas, Venezuela 10 622 62.2
Havana, Cuba 1 57 57.0
Davao City, Philippines 1 52 52.0
Barranquilla, Colombia 6 294 49.0
Surabaya, Indonesia 1 44 44.0
Cebu City, Philippines 5 207 41.4
Porto Alegre, Brazil 3 109 36.3
Bogota, Colombia 85 2586 30.4
St Petersburg, Russia 4 114 28.5
Salem, OR 11 313 28.5
Rio de Janeiro, Brazil 20 538 26.9
Fayetteville, NC 18 467 25.9
São Paulo, Brazil 42 1059 25.2
Fresno, CA 75 1861 24.8
Blacksburg, VA (Virginia Tech) 7 168 24.0
500 miles of Estancia, Philippines (all of the Philippines) 119 2853 24.0
Pullaman, WA (WSU) 5 117 23.4
Medillin, Colombia 76 1777 23.4
Virginia Beach, VA 63 1452 23.0
Cordoba, Argentina 4 92 23.0
Riverside, CA 109 2380 21.8
College Station, TX (Texas A&M) (only) 10 215 21.5
Topeka/Lawrence, KS 15 313 20.9
500 Miles of San Jose, Costa Rica (all of central America) 56 1164 20.8
Puebla, Mexico 19 390 20.5
Tijuana, Mexico (10 miles) 27 549 20.3
Chico, CA 10 199 19.9
Stockton, CA 24 463 19.3
Spokane, WA 21 405 19.3
Greensboro, NC 48 894 18.6
Manila, Philippines 108 2004 18.6
Bakersfield, CA 22 407 18.5
Athens, GA (UGA) 19 351 18.5
Sioux Falls, SD 9 166 18.4
Modesto, CA 24 441 18.4
Leon, Mexico 7 127 18.1
Minsk, Belarus 3 54 18.0
Colorado Springs, CO 40 715 17.9
El Paso, TX 41 723 17.6
Eugene, OR 23 394 17.1
Indore, India 1 17 17.0
Tempe, AZ (Arizona State University) 38 609 16.0
Amarillo, TX 13 208 16.0
Duluth, MN 7 109 15.6
Tuscon, AZ 68 1056 15.5
Guatemala City, Guatemala 7 108 15.4
Buenos Aires, Argentina 89 1370 15.4
Louisville, KY 61 938 15.4
South Bend, IN 28 415 14.8
Memphis, TN 80 1179 14.7
Lincoln, NE 19 270 14.2
Tulsa, OK 63 891 14.1
Atlanta, GA 602 8437 14.0
Manchester, UK 159 2213 13.9
Johannesburg, South Africa 39 541 13.9
London, ON, Canada 35 485 13.9
Houston, TX 543 7477 13.8
Auburn, AL 11 149 13.5
Tallahassee, FL 51 685 13.4
Wichita, KS 45 604 13.4
Bloomington, IN 15 201 13.4
Sacramento, CA 167 2228 13.3
Odessa, Ukraine 3 40 13.3
Akron, OH 77 1024 13.3
Columbia, SC 74 984 13.3
Lima, Peru 89 1170 13.1
Dusseldorf, Germany 20 259 13.0
Montevideo, Uruguay 10 128 12.8
Santiago, Chile 69 873 12.7
Kansas City, MO 175 2210 12.6
Leeds, UK 88 1111 12.6
College Park, MD (University of Maryland) (only) 5 63 12.6
Amherst, MA 38 474 12.5
San Antonio, TX 228 2828 12.4
Buffalo, NY 84 1029 12.3
Carbondale, IL (SIU) 9 110 12.2
Brisbane, QLD, Australia 189 2307 12.2
Baltimore, MD 250 3024 12.1
Oklahoma City, OK 136 1631 12.0
Grand Rapids, MI 67 802 12.0
Milwaukee, WI 124 1470 11.9
Newcastle, NSW, Australia 23 272 11.8
Richmond, VA 112 1323 11.8
Birmingham, UK 140 1645 11.8
Glasgow, UK 60 703 11.7
Cleveland, OH 150 1756 11.7
Fargo, ND 17 199 11.7
Cincinnati, OH 150 1742 11.6
Morgantown, WV 24 278 11.6
Urbana-Champaign, IL 19 220 11.6
Toledo, OH 57 658 11.5
Winnipeg, MB, Canada 43 496 11.5
Providence, RI 104 1192 11.5
Little Rock, AR 46 526 11.4
Mobile, AL 32 364 11.4
Mexico City, Mexico 291 3283 11.3
Gainesville, FL 36 406 11.3
St. Louis, MO 187 2091 11.2
Rotterdam, Netherlands 41 458 11.2
Omaha, NE 68 741 10.9
Albuquerque, NM 58 627 10.8
Allentown, PA 61 659 10.8
McAllen, TX 47 506 10.8
Lubbock, TX 34 366 10.8
Hartford, CT 134 1428 10.7
Moscow, Russia 36 381 10.6
Charlotte, NC 244 2581 10.6
500 miles of Van Der Kloof, South Africa (all of South Africa) 105 1110 10.6
Portland, OR 265 2799 10.6
Cheyenne, WY 4 42 10.5
Hamilton, NZ 15 157 10.5
Regina, SK, Canada 15 157 10.5
Indianapolis, IN 180 1880 10.4
Eureka CA (100 mi) 19 197 10.4
New Orleans, LA 131 1354 10.3
Philadelphia, PA 555 5705 10.3
Orlando, FL 362 3699 10.2
Guadalajara, Mexico 69 702 10.2
Jakarta, Indonesia 67 679 10.1
Boise, ID 48 485 10.1
Ames, IA (U. of Iowa) 12 121 10.1
Minneapolis, MN 290 2887 10.0
Albany, NY 67 665 9.9
Madrid, Spain 147 1449 9.9
Cancun, Mexico 21 207 9.9
Dayton, OH 82 806 9.8
Phoenix, AZ 573 5618 9.8
Columbus, OH 192 1881 9.8
Monterrey, Mexico 86 839 9.8
Stuttgart, Germany 10 97 9.7
Vilnius, Lithuania 9 87 9.7
Charleston, WV 17 163 9.6
Palm Springs, CA 41 387 9.4
Wilmington, DE (10 miles) 29 272 9.4
Jacksonville, FL 169 1579 9.3
Oslo, Norway 32 298 9.3
Burlington, VT 22 203 9.2
Gold Coast, QLD, Australia 90 829 9.2
De Moines, IA 58 533 9.2
Fayetteville, AK (UArk) 45 413 9.2
Harrisburg, PA 67 613 9.1
Detroit, MI 340 3105 9.1
San Luis Obispo, CA 23 209 9.1
Charleston, SC 83 753 9.1
Knoxville, TN 80 724 9.1
Tampa, FL 391 3532 9.0
Christchurch, NZ 43 387 9.0
Shreveport, LA 31 279 9.0
Dallas, TX 722 6449 8.9
Santa Barbara, CA 50 443 8.9
State College, PA (Penn State) only 18 159 8.8
Las Vegas, NV 563 4971 8.8
Adelaide, SA, Australia 70 605 8.6
Salt Lake City, UT 147 1262 8.6
Melbourne, VIC, Australia 409 3508 8.6
Edinburgh, UK 56 480 8.6
New Haven, CT (only) 28 240 8.6
Worcester, MA 81 692 8.5
Nashville, TN 201 1697 8.4
Provo, UT 33 278 8.4
Birmingham, AL 95 788 8.3
Bozeman, MT (250 miles) 81 671 8.3
Santa Cruz, CA (10 mi) 29 240 8.3
Cape Coral, FL 71 585 8.2
San Diego, CA (10 mi) 389 3204 8.2
Grand Junction, CO (100 mi) 22 181 8.2
Chicago, IL 865 7105 8.2
Los Angeles, CA 1722 13896 8.1
Medford, NY (Suffolk County) (10 mi) 45 363 8.1
Reno, NV 83 664 8.0
Hamburg, Germany 19 152 8.0
Hanoi, Vietnam 11 88 8.0
Belfast, UK 33 263 8.0
Ottawa, ON, Canada 141 1121 8.0
Barcelona, Spain 148 1174 7.9
Denver, CO 451 3574 7.9
Kiev, Ukraine 40 316 7.9
Edmonton, AB, Canada 147 1159 7.9
500 Miles of Minsk, Belarus 193 1514 7.8
Harrisonburg, VA (JMU) 18 141 7.8
Victoria, BC 53 414 7.8
Santa Rosa, CA 41 320 7.8
Hamilton, ON 87 679 7.8
Portland, ME 37 288 7.8
Ithaca, NY 13 101 7.8
Amsterdam, Netherlands 137 1064 7.8
Raleigh-Durham, NC 251 1938 7.7
Missoula, MT 16 122 7.6
Baton Rouge, LA 84 638 7.6
Madison, WI 69 524 7.6
Berlin, Germany 86 650 7.6
London, UK 1581 11896 7.5
Ann Arbor, MI (University of Michigan) 145 1090 7.5
Syracuse, NY 62 464 7.5
New York City, NY 2401 17897 7.5
Greenville, SC 77 572 7.4
Wellington, NZ 49 363 7.4
Perth, WA, Australia 161 1192 7.4
Vienna, Austria 32 236 7.4
Manchester, NH 65 475 7.3
Port St. Lucie, FL 35 254 7.3
Cape Town, South Africa 44 317 7.2
Prague, Czechia 26 187 7.2
Calgary, AB, Canada 169 1215 7.2
Toronto, ON, Canada 860 6165 7.2
Geneva, Switzerland 57 407 7.1
Anchorage, AK 23 164 7.1
Asheville, NC (UNC Asheville) 51 362 7.1
Miami, FL 682 4813 7.1
Washington, DC 776 5450 7.0
500 miles of Lillehammer, Norway 217 1486 6.8
Pittsburgh, PA 251 1711 6.8
Warsaw, Poland 27 183 6.8
Rochester, NY 89 601 6.8
New Brunswick, NJ (includes Rutgers) 328 2173 6.6
Seattle, WA 504 3329 6.6
Ho Chi Minh City, Vietnam 32 207 6.5
Stockholm, Sweden 68 432 6.4
Austin, TX 485 3054 6.3
Boston, MA 696 4258 6.1
Montreal, QC, Canada 394 2399 6.1
Jaipur, India 2 12 6.0
Seoul, South Korea 59 342 5.8
San Francisco, CA 779 4508 5.8
Vancouver, BC, Canada 394 2254 5.7
Auckland, NZ 181 1033 5.7
Milan, Italy 79 441 5.6
Dublin, Ireland 150 836 5.6
West Lafayette, IN 7 39 5.6
Nuremburg, Germany 6 33 5.5
Copenhagen, Denmark 47 256 5.4
Sydney, NSW, Australia 445 2407 5.4
Dhaka, Bangladesh 3 16 5.3
Kuala Lumpur, Malaysia 163 850 5.2
Canberra, ACT, Australia 51 262 5.1
Paris, France 504 2546 5.1
Porto, Portugal 15 73 4.9
Nice/Cannes/Monaco 74 359 4.9
100 miles Midland, TX 55 264 4.8
Bali, Indonesia 36 172 4.8
San Juan, PR (50 mi) 68 324 4.8
Munich, Germany 57 268 4.7
Bucharest, Romania 71 333 4.7
Jerusalem, Israel 3 14 4.7
Irvine, CA (10 mi) 346 1599 4.6
Istanbul, Turkey 43 197 4.6
Honolulu, HI 124 560 4.5
Rome, Italy 49 212 4.3
Melville, NY (Nassau County) (10 mi) 80 344 4.3
Belgrade, Serbia 33 141 4.3
Osaka, Japan 9 38 4.2
Brussels, Belgium 127 518 4.1
500 miles of Yasothon, Thailand (all of mainland SE Asia) 133 527 4.0
Fairfax, VA (10 mi) 151 590 3.9
Bangkok, Thailand 81 316 3.9
Athens, Greece 33 128 3.9
San Jose, CA 420 1623 3.9
Sofia, Bulgaria 28 108 3.9
Lisbon, Portugal 58 218 3.8
Bern, Switzerland 16 60 3.8
Chongqing, China 4 14 3.5
Singapore 388 1340 3.5
Zurich, Switzerland 102 349 3.4
Luxembourg 26 86 3.3
Cambridge, MA 20 66 3.3
Cairo, Egypt 21 67 3.2
Tokyo, Japan 126 399 3.2
Macau 9 27 3.0
Guangzhou, China 41 117 2.9
Taipei, Taiwan 57 156 2.7
Tel Aviv, Israel 39 104 2.7
Abu Dhabi, UAE 13 32 2.5
Wuhan, China 12 29 2.4
Hangzhou, China 26 61 2.3
1000 miles of Ankang, China (almost all of China's population) 838 1932 2.3
Shenzhen/Hong Kong, China 286 643 2.2
Phnom Penh, Cambodia 6 13 2.2
Dubai, UAE 324 687 2.1
Kolkata, India 19 39 2.1
1000 miles of Riyadh, Saudi Arabia (the entire Arabian peninsula) 489 921 1.9
Shanghai, China 202 374 1.9
1000 miles of Bhopal, India (almost all of India's population) 585 996 1.7
Ahmedabad, India 6 10 1.7
Delhi, India 188 297 1.6
Mumbai, India 171 237 1.4
Suzhou, China 9 12 1.3
Bangalore, India 114 151 1.3
Beijing, China 161 204 1.3
Riyadh, Saudi Arabia 30 30 1.0
Goa, India 10 10 1.0
Pune, India 30 29 1.0
Karachi, Pakistan 11 10 0.9
Hyderabad, India 36 31 0.9
Islamabad, Pakistan 15 12 0.8
Chennai, India 34 24 0.7
ALL LOCATIONS 39,855 326,802 8.2
submitted by ContriteSplendaDaddy to sugarlifestyleforum [link] [comments]

RaidenBO Là Gì? RaidenBO Lừa Đảo? Kiếm Tiền Từ RaidenBO

RaidenBO Là Gì? RaidenBO Lừa Đảo? Kiếm Tiền Từ RaidenBO

RaidenBO

RaidenBO — Binary Options (Quyền chọn nhị phân) hay Trade BO là gì?

Binary Options có nghĩa là Quyền chọn nhị phân hay thường được các nhà giao dịch gọi là Trade BO, một số tên gọi khác như quyền chọn kép, quyền lựa chọn kỹ thuật số, quyền chọn lãi cố định. Đây là hình thức dự đoán giá trị của các tài sản (như vàng, chứng khoán, cổ phiếu,Tiền Điện Tử v.v.. ) sẽ biến động như thế nào trong một khoảng thời gian nhất định. Dựa vào sự tăng hoặc giảm của loại tài sản này mà nhà đầu tư sẽ chọn loại đầu tư phù hợp để kiếm lời.
Quyền chọn nhị phân áp dụng cho thị trường ngoại hối, thị trường phi tập trung toàn cầu cho việc trao đổi các loại tiền tệ. Thông thường người mua quyền chọn nhị phân sẽ đưa ra dự đoán giá của loại tài sản sẽ di chuyển theo hướng nào tại thời điểm mua — tăng hay giảm. Nếu giá di chuyển đúng hướng, người chơi sẽ có lợi nhuận, nhưng nếu giá di chuyển sai hướng, người chơi sẽ phải chịu rủi ro mất chi phí của quyền chọn nhị phân. Dựa trên các tính năng đặc biệt của nó, thị trường Binary Option ngày càng trở nên phổ biến hơn. Binary Option cho phép nhà giao dịch biết trước khoản lời cũng như số vốn họ có thể bị lỗ trước khi vào lệnh, nhờ vậy họ có thể kiểm soát nhiều hợp đồng giao dịch cùng lúc một cách dễ dàng.

Tính hợp pháp của Binary Option tại Việt Nam

Việc kinh doanh quyền chọn nhị phân chưa có quy định của pháp luật ở bất kỳ quốc gia nào. Hiện nay có thể tham gia kinh doanh quyền chọn nhị phân một cách hợp pháp ở Việt Nam. Khác với thị trường ngoại hối, thị trường quyền chọn kép không thuộc quản lý của Ngân hàng Nhà nước Việt Nam.

Binary Options (Trade BO) có lừa đảo không?

Binary Options (Trade BO) thực chất thì không phải là một trò lừa đảo, nó còn là hợp pháp chứ không phải phi pháp. Trade BO thường được so sánh với Forex (thị trường ngoại hối) hay thị trường chứng khoán, tuy nhiên, đây là hai hình thức khá khác nhau. Đối với các thị trường tuyền thống như Forex hay chứng khoán, khi bạn mua thì sẽ có người bán đối ứng. Tiền được chuyển từ người này sang người khác. Các công ty chỉ có vai trò trung gian ăn hoa hồng thông qua các lệnh của bạn.
Giao dịch Quyền Chọn không giống các thị trường truyền thống. Chính vì thế, có tồn tại 1 nhà cái đứng ở phía sau. Nghĩa là những sàn Giao dịch Quyền Chọn chính xác là 1 nhà cái. Và khi bạn chơi Quyền Chọn, bạn trở thành player (người chơi), còn nhà cái là 1 banker.

RaidenBO là gì ?

RaidenBO hay Wefinex2 chính là sàn giao dịch quyền chọn nhị hứa hẹn tạo nên cách mạng tài chính 1 lần nữa giúp bạn thay đổi cuộc đời khi đã lỡ mất cơ hội tham gia sàn Wefinex thời điểm mới ra mắt hồi tháng 4.
Một số site BO cũng có thể đi sự thành công của Wefinex và quảng bá rằng đó là Wefinex 2 thì mình có thông tin chắc chắn từ những leader lớn của Wefinex là RaidenBO sẽ là wefinex 2. RaidenBO sẽ vẫn có những điểm mạnh và khắc phục hoàn toàn những điểm yếu của Wefinex hiện tại.
Đây là cơ hội dành cho:
  • Những ai bỏ lỡ cơ hội làm giàu từ đầu với wefinex
  • Những ai mong chờ sự ra đời của #WE2 để xếp chỗ thật sớm.
  • Những ai đang làm tài chính thua lỗ và chưa thành công
  • Những ai đang muốn thay đổi cuộc sống và trở nên siêu giàu.

RaidenBO là gì ? Các kênh kiếm tiền với RaidenBO .

Giao dịch — Cách giao dịch RaidenBO — RaidenBO giao dịch ra sao?
Mô hình nhị phân tương tự như Binomo, IQ, Olymtrade nhưng lợi nhuận là 95% và không có M5 M15, M30 hay H1.
Tiền sử dụng là đồng USDT thông dụng hơn so với đồng Win của wefinex .
Nạp rút quy đổi ra các đồng tiền điện tử khác như Bitcoin(BTC), ethereum(ETH) , Tether ( USDT ) sau đó có thể quy về VNĐ trên các sàn giao dịch Remitano,Aliniex v.v…
Lượng trader giao dịch lớn và lệnh đóng mở được lưu lại nên bạn yên tâm giao dịch. Nến sàn chạy kết hợp của 3 sàn: Binance, Okex, CoinBase.
Chỉ có duy nhất BTC/USDT không có biều đồ cặp tiền hay hàng hoá khác
Giao dịch trên RaidenBO cũng đơn giản, chọn TĂNG ↑ hoặc GIẢM ↓ trong vòng 30s. Sau đó, chờ kết quả thị trường cũng tương tự 30s.
Bước 1: Đặt số tiền cược USD (Mỗi lần đặt lệnh hoặc load lại sẽ mặc định là 10$ các bạn chú ý sửa trước khi vào lệnh
Bước 2: Hãy đặt lệnh 30s, chọn TĂNG hoặc GIẢM
Bước 3: Chờ kết quả 30s
  • Thua số tiền cược
  • Thắng: 95% số tiền cược. VD: Cược 100$ thì sẽ được 95$

Lời Kết

Việc 1 sàn đã tạo được thành công lớn như Wefinex ra mắt thêm sàn giao dịch mới như RaidenBO chắc chắn sẽ tạo nên cơn sốt trên thị trường đặc biệt là thời điểm cuối năm 2020 như hiện nay .
Hứa hẹn nhiều triệu phú đô la thế hệ 2.0 sẽ ra đời tương tự Wefinex , Eagle Capital tự hào là đội nhóm đi đầu thông tin về dự án RaidenBO . Để biết thêm thông tin một cách sớm nhất anh em có thể tham gia các kênh thông tin của RaidenBO Group tại đây :
submitted by raidenbo to u/raidenbo [link] [comments]

The Thesis - Is Dead? Long live The Thesis. Global Steel Updates, Inputs, Macros, China, The Market and my ramblings.

I know it's been a long time since you've seen me post a DD and update to what's going on in the world of steel.
The rumors of my demise are false and I have not gone into hiding or as many have speculated, "witness protection", but rather I have been inundated with life.
Before I get into what will likely be walls and walls of texts, fancy graphs and information that will likely feel like you are being reeducated like this:

https://preview.redd.it/ckwy49pop9u71.png?width=900&format=png&auto=webp&s=18c393fdfb85831703f2f4251d7dcc00d7870a03
I want to touch on myself and this sub.
I have been lurking in the shadows for quite a while and honestly I've started this DD about 10 different times over the past few weeks and just couldn't find the time to deliver something I would be proud of.
Let's start with this sub - I absolutely love it and the people that have come here to follow the thesis.
With that being said, I stated months ago that I did not want this sub to be about one person - me.
My goal from the beginning was always to educate everyone about the commodity I love so much - steel, but it was more important to create a community of sharing and fellowship.
There are so many other brilliant people that have posted here, many with much more to offer and have done so out of the kindness of their hearts and to help others become more educated and intelligent investors.
Sure, we can have debates and argue "Bull" & "Bear" cases for everything, IT'S ALWAYS BEEN ENCOURAGED.
Echo Chambers benefit no one other than people with big egos.
I have also, ALWAYS said, if you have ideas that will make money, share them!
I love steel, but I love money more.
This sub is only as strong as the fabric of the people that decide to interact and share ideas here.
If you want to complain, please do so in a civil and well thought out manner - always be kind - trust me, you'll feel better for it.
Now, before we take the journey together down the rabbit hole, I wanted to briefly touch on my absence from posting.
As I said, I've been here the entire time watching and there are quite a few people here that I engage with and talk to daily.
When I was posting consistently, there seemed to be a lot of apprehension into "if this play is so good, why do you have to keep reminding us??"
I got a lot of complaints about the constant "pumping".
It was never "pumping" - it was me doing what I do throughout my life and that is committing 100%, actually, overcommitting to be honest.
My updates were meant to give everyone visibility into what I still believe to be the MOST SIGNIFICANT TRANSFORMATIONAL SHIFT in the history of the steel business, with the last being the invention of the EAF.
Then, I backed off posting, not because I believed the thesis was dead or prices came down on our beloved steel tickers.
As soon as I stopped, then the other side of the crowd was unhappy.
"Thesis Dead"
"No Lambo"
"These bags are heavy"
Here's one from the other day from u/needafiller
"Hey man, I haven't checked my portfolio of MT Jan calls in 2 months. But judging from your MIA status and the status of the sub, I'm guessing my calls will expire worthless. Thanks for teaching me a valuable and expansive lesson"
I'm guessing he meant "expensive". . . .regardless, I have realized a couple things:
  1. I am never going to make you all happy.
  2. I am not responsible for your choices.
Believe it or not, those two things were very hard for me, as of course, we all want to be liked and I want all of you to prosper.
The amount of messages I get asking my opinion on portfolios and trades is sheer lunacy and became overwhelming.
Many weren't even very friendly, much like it was my obligation to answer without even a greeting or a pleasantry.
Ok, I know I've ranted quite a bit and I'm sure some of you are about to have a full-blown seizure from all of the eye-rolling and pontificating, but let me say one last thing about me and I'll move on.
I am a person, I have a demanding career, I have a family, I have a life outside of here that I ended up neglecting trying to pour myself into this sub for almost the past year.
There are only so many hours in a day and time is the most valuable thing we all have, next to our health.
We all need to have priorities and this sub is going to have to move down my list a bit.
I am honored that many of you think so highly of what I share, it is greatly appreciated.
I will share when I can, but I have to say - there are many here that are doing a great job and carrying the baton - thanks!
Now, let's get on with the show.
There is just so much to unpack that I feel like I need to start over, but I'm not going to do that.
The information I shared is there and it is still relevant today and part of the ever-evolving thesis.
For those that keep asking questions - please read all my past DD's to get up to speed.
So many topics - where do we start?????
China, China, China has really been the hot topic of not only the steel world, but also the global economy. The GDP slowdown, Evergrande, power outages, property market, construction, coal, steel output cut to multi-year lows, etc. It's a lot to digest and well the market has been choking on it for the past 30+ days.
Everyone knows that China has always been the world's market setter for steel prices, as they are the largest manufacturer as a country, collectively in the world.
The way it used to work was China would export their low cost steel and create a domino effect across the globe - lowering many countries steel prices by putting pressure on their domestic manufacturers and many times forcing them to export to other countries their excess capacities.
We are no longer seeing the deluge of low cost Chinese steel flowing out of the country.
Instead, there is less and less available month over month, as now production has not only been cut, but so have the hours in which Chinese manufacturers can operate.
https://www.taipeitimes.com/News/biz/archives/2021/10/16/2003766173
The Kaohsiung-based company urged Taiwanese steel-using companies to take advantage of the lower steel prices to prepare for Environmental Social Governance (ESG) challenges it sees coming down the line for related industries.
“We hope that our downstream buyers can take full advantage of this period of price stability in steel to accelerate their ESG transition efforts and be prepared for the worldwide trend in decarbonization,” China Steel said in a statement.
The company also said it plans to reduce carbon emissions from 2018 levels by 7 percent by 2025, and to be completely carbon neutral by 2050.
“We will be following the lead of Tata Steel Europe and Germany’s Thyssenkrupp Steel in adding a carbon surcharge,” the company said.
China Steel said that several factors are indicating a rebound in Asian steel prices in the fourth quarter, including a rise in demand due to a global economic recovery as well as a surge in raw material costs.
“The strict ‘dual-control’ electricity use policy mandated that many steelmakers in China can only run during off-peak hours from November 15 to March 15, 2022,” the company said.
“We predict that crude steel production will decrease by at least 30 percent,” it added.
In addition to predicting tighter supplies due to electricity shortages, the company said that the price of coking coal has broken US$400 per tonne, while iron ore, which hit bottom last month, has risen by nearly 40 percent.
“Given the tightness in supply of various steel smelting materials and the Baltic Dry Index has reached a 13-year high, we expect Asian steel prices to rebound,” China Steel said.
The Baltic Dry Index is a bellwether index for global dry bulk shipping, which has surged alongside demand for coal imports amid a global energy crunch.
Global and domestic demand for steel is expected to be strong, said the state-run company, which has a committee decide the price of steel for domestic delivery, monthly for some products and quarterly for others.
The World Steel Association predicted that “the demand for global steel will grow by 4.5 percent year-on-year to 1.86 billion tonnes, and that a further 2.2 percent growth year-on-year is expected in 2022,” China Steel said, adding that it expects a bullish steel market until next year.
China’s production in September fell by close to 20 percent year on year (YoY) and around 11 percent month on month (MoM). This, however, is positive for steel companies as it points to structural changes that are likely to be seen in the global steel environment, which has been the key focus for many months.
We are in an environment of high input costs with coal, fuel, transportation, labor - the inflation that was called transitory is very much here and I believe it is here to stay for quite a long time.
https://www.kitco.com/news/2021-10-12/These-commodities-are-most-affected-by-high-energy-prices-Capital-Economics.html
The commodities that are likely to be most affected by the looming energy crisis are the industrial metals, agriculture, and the precious metals sector, Capital Economics commodities economist Edward Gardner said in a report.
"Historically, energy prices have been most correlated with industrial metal prices, followed by agricultural prices, and precious metals prices. This is also evident from the annual correlations of different commodity prices with energy prices," the report said.
The higher the energy prices rise, the more it will cost to produce these commodities. "The precise association between energy prices and other commodity prices, however, depends on both the energy intensity of production and the similarity of underlying demand drivers," the report clarified.
Industrial metals seem to be the most correlated with energy prices. "It is clear that industrial metal prices track energy prices the most closely over time, which is mainly because the drivers of demand are similar. That said, industrial metals, like many commodities, require large energy inputs to produce, which is another reason why their prices tend to move together," Gardner said.
The metals sector accounts for 10% of global energy usage. More specifically, steel production takes up 6.5% of global energy usage.
https://oilprice.com/Energy/Energy-General/Europes-Energy-Crisis-Is-Hurting-Metal-Producers-In-A-Big-Way.html
Power prices have been rising all year. The situation, however, has become particularly acute since the summer. Natural gas prices have spiked and coal prices on the spot market have risen strongly.
The shortage of natural gas in Europe has driven the cost increases. Furthermore, it has encouraged power producers to shift to coal, just as global coal prices have surged on the back of output shortfalls in China and India. Those shortfalls have resulted in increased imports by the world’s two largest thermal coal consumers. (Also the world's largest steel producers)
Steel mills are already imposing power cost increases of up to Euros 50 per ton on long products to cover mostly power-related costs but, to a lesser extent, transport costs within Europe, too. The region is suffering from an acute lack of drivers and transport capacity.
https://preview.redd.it/s2cejld0xau71.jpg?width=473&format=pjpg&auto=webp&s=442c5289871f24cc19ea091c7419634d91c4d4fe
Both production cutbacks and energy-specific surcharges are likely to become an increasing feature of the European metal market this year. They will probably also be a factor into next year, as high electricity, coal and natural gas costs are going to be sustained through the winter season, with little hope that inventory levels will be replenished — and, therefore, easing of prices — before next summer.
I expect prices for steel products to stay high on the back on increased inputs as well as supply chain restocking world-wide for the next 12-18 months.
The global recovery is still uneven and cutbacks will further exacerbate supply shortages, causing demand to push prices higher.
Also, steel manufacturers are passing on the increased costs of steelmaking by not only increasing prices, but also in the form of surcharges.
My personal opinion is that we see steel prices continue to rise on the back of inflationary pressures, as well as increased prices of many other commodities.
That brings me to the US and the steel market here, which remains red hot in terms of demand with supply still not catching up.
Depending on the product, lead times are anywhere from 6 to 22 weeks.
Remember, the US is an "insulated market" in many regards due to the deep moat right now that is the Section 232 tariffs as well as the nosebleed costs of ocean freight from other countries to the US.
I'll first touch on shipping costs.
The problem is the lack of vessels, especially the smaller ships that handle bulk freight.
The Supermax vessels are all transporting 20' and 40' containers - which is also a nightmare in itself.
Prior to COVID, the cost to move a ton of steel from Europe and Asia was roughly $20 per metric ton.
Today, it is $160 per metric ton.
That is an 800% increase.
Then you have congestion problems all over the US, which is extending lead times, increasing costs of trucking and rail.
As of this morning:
Rail Terminal Updates:
BNSF & UP/LAX/LGB BNSF:
Chicago Rail Ramp:
Philadelphia:
Savannah:
Jacksonville and Miami:
Seattle:
Memphis:
Houston/Dallas:
Port Terminals:
Due to increased volume, most terminals are experiencing congestion issues, including Philadelphia, Savannah, Miami, Houston, Seattle, Los Angeles/Long Beach.
1. U.S. East Coast:
Philadelphia:
Savannah:
Port Everglades and Miami:
2. U.S. West Coast:
Around 70 container ships are still waiting off the coast of California to unload at the ports of Los Angeles and Long Beach.
Los Angeles:
Long Beach:
Seattle:
Oakland:
3. U.S. Gulf Coast:
Houston:
Equipment Availability:
Do you think we may have a little bit of a problem here??
It's why I told everyone to do their Christmas shopping back in June.
It's only showing signs of worsening as global supply chains keep trying to catch up and restock, but demand continues to outpace supply.
Now the tariffs.
https://www.reuters.com/business/us-hopeful-reaching-deal-with-eu-steel-tariffs-by-end-october-source-2021-10-14/
"We're hopeful we can reach agreement by the end of the month," the source, who spoke on condition of anonymity, told Reuters.
A steel industry source said Tai and the EU were edging closer to a likely agreement that would replace the Section 232 tariffs with a tariff-rate quota (TRQ) arrangement that would allow duty-free entry of a specified volume of EU steel, with tariffs applied to higher volumes.
This person said that talks are "going well," but was reluctant to say that a deal would be reached by Oct. 31.
Dombrovskis has expressed openness to a quota arrangement similar to those that Canada and Mexico have with the United States, but said a deal is needed by early November.
Other EU officials have told Reuters that much depends on the volume of steel allowed duty free into U.S. ports.
The industry source said EU negotiators were seeking to base the quota on U.S. import volumes prior to the imposition of the 232 tariffs in 2018, while U.S. negotiators want to base the quotas on lower volumes after the tariffs were imposed.
I've said for a while now that I believe the elimination of these tariffs would be good for the US, as it would bring extra supply into a market that is in dire need of surplus material.
It would give price stability to US manufacturing that would be able to plan better and buy material at a discount from current spot prices in the US.
We all knew $2,000/ton steel would not last forever, even if it normalizes around $1,200 to $1,400 per ton, it would still be 250%+ above historic norms.
$CLF, $NUE, $STLD, $X, etc. would all still throw off obscene amounts of FCF at these levels.
In addition, there would be a quota system in place, which means the supply into the US is FINITE.
There would not be a flood of cheap import steel, but rather supplemental supply that would benefit US manufacturers and also, most notably, still my baby - $MT.
EU HRC is approx. $950/MT, add the 25% tariff of $237.50 = $1187.50/MT
Freight is $160/MT
Total landed to a US port is $1,347.50/MT, then you have unloading and reloading to a truck or rail costs and then the trucking or rail freight costs, which could land you into the Midwest at as much as $1,450/MT.
That price would be great today, but shipments from Europe would not arrive in the US until February at the earliest.
February US Midwest futures sit at $1,380 today.
https://www.investing.com/commodities/us-steel-coil-contracts
So, doesn't make much sense.
However, take away $237.50/MT and it makes a lot of sense.
We will see how this plays out, but I do not see it as a detriment to US manufacturers.
It could be a big win for EU steel manufacturers however, especially if ocean freight decreases, but that is not looking likely until at least Q3 of next year in my opinion.
Many executives I talk to believe 2022 will be a carbon copy of 2021 in terms of lack of supply heading into next year and prices moving back up throughout the year due to demand and inflationary pressures.
Let's jump back to inflation for a bit because I think it's a real important concept and we have been told for months now that it was transitory.
I never really agreed with that assessment, how inflation is measured and the commodities that are all lumped together.
https://www.washingtonpost.com/business/2021/10/15/us-economy-inflation-uncomfortable/
Regardless, news last week that U.S. inflation is running at a 13-year high of 5.4 percent confirmed what many Americans already know as they juggle their budgets: Food, energy and shelter costs are all rising rapidly, adding to the strain Americans were already dealing with from the higher costs of hard-to-find goods such as cars, dishwashers and washing machines.
Workers are demanding pay increases because they can see their wages aren’t buying as much with so many everyday necessities costing more, including rent. That leads companies to hike prices more, then workers turn around and demand another pay raise. Economists call this phenomenon a “wage-price spiral.” It often leads to sustained high inflation that forces the Fed to step in to stop it.
Rising food, gas and rent costs hit the budgets of low- and middle-income Americans hard. While wages have been rising at the fastest pace in decades, the gains have been eaten up entirely by rising costs, Labor Department data shows. This prompts workers to ask for more pay.
“The wage-price spiral has already begun,” said economist Sung Won Sohn of Loyola Marymount University and SS Economics. “In the financial markets and the economy, the biggest long-term problem we have is inflation. You can’t turn the inflation rate on and off.”
Higher wages, in my opinion, are not transitory.
Higher steel prices, also in my opinion, are not transitory either.
This is where we get back to the most fundamental change in steel making - which is the "Green" initiative and becoming carbon neutral.
This is going to require A LOT of scrap and from the beginning of this thesis I said steel prices in the future would be fought over the cost of scrap and more importantly - the supply of scrap.
I'll get back to scrap shortly, but I believe inflation will be another catalyst to keep steel prices elevated for the foreseeable future.
We hear about inflation here in the US, but a lot of people don't realize that China is actually exporting inflation at this point.
Remember earlier when I talked about China being able to deflate steel prices across the world?
They have been able to export deflation for decades by having stagnant wages and manipulating their currency through low interest rates.
https://seekingalpha.com/article/4457920-are-we-entering-a-commodity-supercycle
Today, inflation "revenge" has caught up with China. Like everybody else in the world, China is dealing with all kinds of commodity shortages including copper, coal, steel, and iron ore, chickens, lumber, etc. China has its own supply problems and rising prices. While China hopes this is temporary, its economy has developed enough in recent decades, and workforce wages have risen enough, that the days when they can supply goods at "lower prices" to keep inflation at bay are over.
As material prices soar, China's factory-gate inflation has hit 13-year high levels. China is now set to be exporting inflation to the world. Given that China is facing high internal demand from its own population and that the earning power of its citizens is increasing, it is becoming virtually impossible to pressure its workforce to accept the "old cheap" wages that it used to pay its labor. Devaluing their currencies is no longer a viable option they can use either as an indirect way to lower their labor purchasing power. It all comes down to "scarcity of natural resources". No wonder why prices of all kinds of commodities are rising.
Then we have the DXY, which has actually strengthened over the past 3 months from a low of 89.6 to 93.9, it is still flat on the 1 year chart.

https://preview.redd.it/8kk1d76qmau71.png?width=1786&format=png&auto=webp&s=b43119879071efcf8af30603c8b6143e0c0485fd
https://www.investopedia.com/articles/forex/09/factors-drive-american-dollar.asp

Weakening U.S. Dollar

A combination of the budget deficit and the current account deficit is seen as a long-term structural driver of a weaker U.S. dollar. The speed and size of government stimulus packages in response to the global pandemic have been unprecedented. As a result of the federal government pumping trillions into the economy, the twin deficits reached all-time lows earlier this year.

https://preview.redd.it/np8phln4rau71.png?width=1252&format=png&auto=webp&s=54c2c22deced5b6d6fa0ebbbd1f5a37da26735e8
The U.S. budget deficit rose to $2.71 trillion through August, on track to be the second-largest shortfall in history due to trillions of dollars in COVID relief.
Given the likelihood of a two-year gap between the beginning of the Fed’s tapering of bond purchases and the first interest rate increase, the dollar may struggle to rise past its current levels through the end of 2022
The value of the dollar is very important for commodity prices because the U.S. dollar is the benchmark pricing mechanism for most commodities. Commodity prices have an inverse relationship with the dollar value, so a declining dollar means rising prices.
As the world starts to reopen and the recovery becomes more global and even, I believe we will see the USD weaken against other currencies, especially if we see a passage of the $3.5T, $2.5T or whatever package that President Biden is trying to get through Congress as it will mean more money printing and higher corporate taxes.
Speaking of Infrastructure - that will be yet another catalyst for steel prices in the United States.
There are plenty of positives in the demand outlook, including the bipartisan infrastructure bill with about $550 billion in additional spending planned. In Nucor's July 22, Q2 earnings call, CEO Leon Topalian said the infrastructure bill should boost steel demand "by as much as 5 million tons per year for every $100 billion of new investment."
This afternoon $STLD reported earnings.
Steel Dynamics earnings were seen exploding to $4.95 from 51 cents a year ago, according to Zacks Investment Research. Revenue was seen more than doubling to $4.99 billion.
Steel Dynamics earnings came in $4.96 a share, just beating views. However, another consensus forecast had EPS at $4.57, which STLD comfortably beat. Revenue leapt 118.5% to $5.09 billion.
"We continue to see strong steel demand coupled with moderating, but still historically low customer inventories throughout the supply chain," CEO Mark Millett said in a statement. "We believe this momentum will continue and that our fourth quarter consolidated earnings could represent another record performance."
Other strengths include lean stocks throughout the supply chain, with automakers needing to rebuild "staggeringly low" inventories, he said.
The lift in oil prices also could boost demand in the oil sector that's been a drag throughout the pandemic.
Steel prices have always been strongly correlated with oil prices and I believe we will see this continue.
That brings me to scrap.
The big news last week was $CLF entered into a definitive agreement to acquire Ferrous Processing and Trading Company.
https://www.clevelandcliffs.com/news/news-releases/detail/533/cleveland-cliffs-enters-the-scrap-business-and-announces
This completes the vertical integration for $CLF and LG knows that the future will be largely dependent on EAF manufacturing and the utilization of scrap as the input of choice.
Transaction rationale:
Global View of Scrap: Uptrend of international scrap market continues unabated
- Over the past week, the international scrap market has continued its uptrend unabated. In Turkey’s import scrap market, the price has increased by 7.57 percent or $34/mt week on week for prime HMS I/II 80:20 scrap. The month-on-month price rise is now 12.9 percent. Higher freight costs boosted by strong demand are still pushing up prices in Turkey, while market players have started to say that the psychological threshold of $500/mt will be reached and exceeded in the coming week. Some mills are already concluding deep sea scrap deals for December shipments to secure needed tonnages.
- On the US side, October scrap prices were settled less than a week ago and, now, many in the market have turned their sights to the next buy cycle, which will start in just over two weeks. There are numerous planned maintenance outages that had been scheduled to take place in the last four months of the year. Market players agree that a downward movement is unlikely in the local US scrap market, though, as far as how much upside the market could experience, sentiment is largely mixed. Whereas some believe that shredded scrap, which settled at roughly $450-455/gt in the Ohio Valley and Northeast, could tick up to $470-475/gt next month (with similar upticks seen for other scrap grades in this region), others believe that that the only mills that will pay higher prices next month are those that decreased prices down during this month’s buy cycle.
- South Korean mills have continued to raise their import scrap prices in deals concluded from Russia and Japan. SteelOrbis has learned that Dongkuk Steel has bought 27,000 mt of Russian A3 grade scrap at $534/mt CFR, $51/mt higher than the previous deal in late September. Suppliers from the US are going to target not less than $545/mt CFR for HMS I in South Korea in the next round of sales, while the previous sale price was rumored at $522.5/mt CFR. Demand for the lower grade ex-Japan scrap from South Korea has been not very high, so the tradable level for ex-Japan H2 scrap in South Korea has remained almost stable at JPY 52,000-53,000/mt ($458-467/mt) FOB, while a number of new deals for shredded, HS and shindachi have been reported in the market at increased prices.
- Vietnamese steelmakers have faced higher offers for scrap from the US and Japan and, though bids have also started to increase gradually, trading has been inactive this week. Japanese H2 grade scrap offers to Vietnam are currently in the range of $535-550/mt CFR, while Vietnamese buyers’ target prices for this grade is at $525/mt CFR for now. Also, ex-US HMS I/II 80:20 scrap offers to Vietnam at $550/mt CFR, while tradable prices have also increased to $535-540/mt CFR, up by $15-20/mt on average from last week.
- The import scrap price increase in Pakistan during the current week has been gaining momentum, following the global trend. By the end of the week, offers for shredded 211 scrap of European origin reached $550-555/mt CFR, up $30/mt over the past week, with Pakistani customers being quite active in bookings, but at prices not higher than the low end of the range. Meanwhile, domestic producers of rebar have adjusted their prices upwards by PKR 3,000/mt (around $17-18/mt), aiming to pass on higher input costs.
- Import scrap offers in Bangladesh have risen significantly during the current week. Though Bangladeshi customers have not resumed bookings yet, preferring to evaluate the current developments, some of them are expected to book material in the coming week. While offers for bulk HMS I/II 80:20 scrap have increased by $35/mt during the week, to $570/mt CFR, containerized HMS I/II 80:20 scrap has been offered at $535/mt CFR, up $20/mt over the past week. Shredded scrap of European origin has added $5-10/mt over the past week to $560-565/mt CFR. The shortage of containers has remained the most challenging issue in doing business.
- Ex-Japan scrap prices have continued to strengthen, with the results of the Kanto monthly export tender only confirming the bullish mood among market participants concerning future developments. On balance, the tender in October was closed at over $60/mt higher compared to the previous month. While the price in the Kanto tender corresponds to JPY 54,213/mt ($480/mt) FOB, the SteelOrbis reference price this week was settled at JPY 52,000-54,000/mt ($455-473/mt) FOB, adding JPY 500/mt to the high end of the range over the past week due to the higher bids from Vietnamese customers.
https://www.prnewswire.com/news-releases/global-steel-scrap-market-to-reach-748-2-million-metric-tons-by-2026--301331321.html
Amid the COVID-19 crisis, the global market for Steel Scrap estimated at 574.5 Million Metric Tons in the year 2020, is projected to reach a revised size of 748.2 Million Metric Tons by 2026, growing at a CAGR of 4.5% over the analysis period. Obsolete, one of the segments analyzed in the report, is projected to grow at a 5.3% CAGR to reach 438.5 Million Metric Tons by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Prompt segment is readjusted to a revised 3.4% CAGR for the next 7-year period. This segment currently accounts for a 26.3% share of the global Steel Scrap market. Obsolete scrap, or old scrap, represents the largest segment. Obsolete scrap consists of any redundant steel product with no usage life and is generally collected when the products made from steel reach their end of life. Prompt scrap is obtained when steel products are being manufactured. This type of scrap consists of punchings, turnings, borings and cuttings.
The Steel Scrap market in the U.S. is estimated at 52.3 Million Metric Tons in the year 2021. The country currently accounts for a 8.78% share in the global market. China, the world's second largest economy, is forecast to reach an estimated market size of 301.7 Million Metric Tons in the year 2026 trailing a CAGR of 5.7% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.7% and 3.2% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 2.6% CAGR while Rest of European market (as defined in the study) will reach 319.3 Million Metric Tons by the end of the analysis period.
Scrap will continue to grow in demand for many years to come and the move by LG to acquire a company that controls 15% of the US scrap market was a very brilliant one.
In summation, the catalysts as I see them:
  1. China - further output cuts, less steel in global market.
  2. China - increase in steel prices on the back of rebound in domestic demand and global supply chain needs.
  3. Increased cost of coke and coal.
  4. Carbon surcharges.
  5. Inflation
  6. Weakening of USD.
  7. Infrastructure
  8. Increasing long term demand for scrap.
I know many of you guys want new PT's.
I'm not giving any new updates on those, as I'm still very comfortable with the PT's I last put out.
Of course, the timing is the million dollar question.
I still think $CLF and $MT are the two stocks that have the most meat left on the bones, but I could also see 40-50% upside on $STLD, $NUE and $X from their current prices.
I believe that Q4 will be even healthier than Q3 and believe you will hear it in the guidance for all other manufacturers like you heard it in the guidance from $STLD today.
I still believe we are in the early stages of the 5th Commodity SuperCycle of all time:

https://preview.redd.it/w1eg75lt8bu71.png?width=1368&format=png&auto=webp&s=2e5e0bf275f33c87c39050a34f2f448a862270eb
I believe we are going to get to that red dot WAYYYYYYYYYYY before 2045.
Thanks for following me and valuing my opinion.
I promise you all not to be a stranger and I'll be around a bit more over earnings than I have been.
Hang in there!
-Vito
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