By: RambusTonight I would like to update some ratio combo charts which may give us a sense of the bigger picture. Its like putting the pieces of a puzzle together where the small pieces don't look like much by themselves but when they're all added together it paints a clear picture. These ratio combo charts are just a piece of the puzzle that may add some clarity to some of the individual sector...Read More
By: Ira EpsteinGold in an uptrend:Read More
Today's chart shows ponderous supply sitting on the Nasdaq 100. The two smaller peaks to the left were made significant by the size of the decline that followed them. They harbor many investors who undoubtedly are eager to exit now that the broad averages have returned to those record levels. There is a further impediment in the form of the head-and-shoulderish formation at the righthand edge of...Read More
Recent optimism for an uptrend in global alumina prices has been knocked by the news that the Federal Court in Bel?(C)m, Brazil, has removed a production embargo on Norsk Hydro's Alunorte alumina refinery, sources told Fastmarkets on the sidelines of the Alumina & Bauxite conference in Zhengzhou, China on May 16-17. This is the first of two production embargoes that need to be removed but sou...Read More
The Federal Court in Bel?(C)m, Brazil, lifted a production embargo on Norsk Hydro's Alunorte alumina refinery under the civil lawsuit on Wednesday May 15. This is the first of two production embargoes that need to be lifted before the refinery can resume full operations. Alunorte is still subject to a production embargo imposed by the same court in a parallel criminal lawsuit. Alunorte will contin...Read More
The Turkish deep-sea scrap markets went quiet on Thursday May 16, with suppliers withdrawing their offers because of rumors that the United States will remove the doubled Section 232 tariff on Turkey-origin steel products, sources said.The head of the Turkish parliament's foreign affairs committee, Volkan Bozkir, met with the charge d'affaires of the US embassy, Jeffrey Hovenier, in Ankara on May...Read More
(Corrects EU election date in first par to next week (not thisweekend) * Aussie at fresh 5-month low ahead of weekend vote * Euro up as U.S. pushes auto tariffs back six months * Upcoming EU elections hangs over market* Tensions high as U.S. turns screw on China's Huawei * Aussie dollar hurt as market prices in rate cut * Swedish crown hit as risk sentiment dips * Graphic: World FX rates in 2019 B...Read More
Although metals markets were mixed this morning, Thursday May 16, the downward trends on the charts seem to have halted; key now will be whether buying and short-covering follows. At least US President Donald Trump's delaying for six months his decision on whether to impose tariffs on imported vehicles and vehicle parts from Japan and Europe has not further broadened the trade war.US treasury yiel...Read More
Nevada Copper (TSX: NCU) owns Pumpkin Hollow, a copper project that aims to commence production by the end of 2019. Located in Yerington, Nevada (USA), Pumpkin Hollow is host to an underground development and an open pit development. We learned from Matthew Gili, who is President and CEO of Nevada Copper, that the underground mine construction remains on track to enter production in Q4, 2019 and t...Read More
Two days ago, my good friend Todd Jessup called me with some exciting news.He's getting married.I've never met the woman, but I've seen pictures.She's insanely gorgeous.The 31-year-old flight attendant from Atlanta met Todd on a flight to Belize. He was heading down there for a few weeks to do some scuba diving.Jokingly, he told me that he had become very attractive to women after he became rich....Read More
Six key takeaways from the Cobalt Institute's annual conference in Hong Kong on May 15-16, 2019.Cobalt prices likely to oscillate either side of $15 per lbSupplies of cobalt metal remained limited but the upside for prices would be capped as long as the hydroxide market was in a surplus.Prices were expected to fall over the summer due to weaker seasonal demand, before rebounding as they did at the...Read More
Metals trader Glencore has reshuffled its cobalt team, with David Brocas leading the company's cobalt trading since Franck Schulders has gone on sabbatical.The changes took effect in the past few weeks, Glencore told...Read More
Merger and acquisition activity in the lithium supply chain has caught the attention of investors who have caused share prices to jump for new and upcoming projects, while traditional producers have struggled with low product sales prices and an oversupplied market.Lithium producer share prices have diverged with the "Traditional 5" remaining near the bottom of their 52-week ranges, see chart 1, w...Read More
China's domestic hot-rolled coil prices rose on Thursday May 16, but pessimism continued to cast a pall over the market with trading activity remaining persistently thin.DomesticEastern China (Shanghai): 4,000-4,010 yuan ($582-583) per tonne, up 10 yuan per tonneNorthern China (Tianjin): 3,890-3,900 yuan per tonne, up 20 yuan per tonneSpot prices rose after mills raised their offers in response to...Read More
Domestic prices for hot-rolled coil in the European Union have decreased further this week due to slow trading, market sources told Fastmarkets MB.But prices have reached a "bottom", according to market participants, who added that the market is likely to stabilize at the current level. At the end of last week, Europe's biggest flat steel producer ArcelorMittal announced that it had increased its...Read More
* Mp3 formatHighlightsLouis Navellier of Navellier & Associates returns with comments the booming domestic economic conditions. Our guest notes the 50 year low in the national unemployment rate. The Navellier Tactical ETF ranked #2 in Morningstar's service and topped the list for 3 consecutive years. Our guest outlines what he views as a conspiracy within the market: read Robo-Sharks...Read More
By: RambusTonight I would like to update some ratio combo charts which may give us a sense of the bigger picture. Its like putting the pieces of a puzzle together where the small pieces don't look like much by themselves but when they're all added together it paints a clear picture. These ratio combo charts are just a piece of the puzzle that may add some clarity to some of the individual sector...Read More
By: Thorsten PolleitSince the latest the crisis in 2008/2009, central banks around the world have been doing their best to expel risks from financial markets. By lowering interest rates, fixing them at extremely low levels, or issuing more credit and money, monetary policymakers make sure that ailing borrowers are kept afloat. In fact, central banks have put a "safety net" under the economies an...Read More
By: Ira EpsteinGold in an uptrend:Read More
Today's chart shows ponderous supply sitting on the Nasdaq 100. The two smaller peaks to the left were made significant by the size of the decline that followed them. They harbor many investors who undoubtedly are eager to exit now that the broad averages have returned to those record levels. There is a further impediment in the form of the head-and-shoulderish formation at the righthand edge of...Read More