Steel billet import prices in Egypt have fallen slightly over the past week amid poor demand and lower offer prices, while domestic rebar prices were unchanged despite expectations of lower values, sources said on Thursday November 22.Fastmarkets' weekly price assessment for steel billet imported into Egypt was $475-480 per tonne cfr on Thursday, down from $480-485 per tonne cfr last week.Billet p...Read More
Import prices for steel billet in Southeast Asia edged down again on Thursday November 22 amid lower offers and slow procurement activity, with some buyers staying away after China reappeared in the export market.Fastmarkets' daily price assessment for billet imported into Southeast Asia was $485-495 per tonne cfr Manila on Thursday, widening downward by $5 per tonne.Deals involving large volumes...Read More
Chart NotAvailableSymbol DataSymbolCurrencyASX:SPIAUDDescriptionSpitfire Materials Ltd are a gold focused junior, late stage development companyLogin or Subscribe to access Don's SummaryAlert me when stock is updatedQuick LinksLogin to accessGeneral DetailsFinancial11/22/2018LastAnalysisDataCurrent DataChangeItemValueValueUpdatedValueMkt. Cap (FD):$42.59M$44.79M11/22/2018$2.20MTotal Assets:$14.98M...Read More
Chart NotAvailableSymbol DataSymbolCurrencyASX:STMAUDDescriptionSunstone Metals are a junior, project generator looking for goldLogin or Subscribe to access Don's SummaryAlert me when stock is updatedQuick LinksLogin to accessGeneral DetailsFinancial11/22/2018LastAnalysisDataCurrent DataChangeItemValueValueUpdatedValueMkt. Cap (FD):$30.75M$30.75M11/22/2018$0.00MTotal Assets:$35.21M$35.21M11/22/201...Read More
Chart NotAvailableSymbol DataSymbolCurrencyASX:GMLAUDDescriptionGateway Mining are a junior, project generator looking for goldLogin or Subscribe to access Don's SummaryAlert me when stock is updatedQuick LinksLogin to accessGeneral DetailsFinancial11/22/2018LastAnalysisDataCurrent DataChangeItemValueValueUpdatedValueMkt. Cap (FD):$10.49M$10.49M11/22/2018$0.00MTotal Assets:$5.39M$5.39M11/22/2018$0...Read More
BERLIN (Reuters) - Germany’s Volkswagen (VOWG.DE) has struck a deal with U.S. semiconductor maker Broadcom (AVGO.O), ending a billion-dollar patent lawsuit that pitted the carmaker against its supplier, a source close to Volkswagen told Reuters on Wednesday.The companies signed an out-of-court settlement, the source said, adding that a court hearing scheduled for Friday had now been canceled...Read More
Several central bankers, including Fed Chair Jerome Powell, will speak next weekWhile many will still be recovering from the triple whammy of Thanksgiving, Black Friday, and Cyber Monday, the last week of November is chock-full of potentially market-moving events. The final third-quarter gross domestic product (GDP) reading will draw notable attention on Wednesday, but there will also be the lates...Read More
All through the bear market hopeful rationalizations were served up for a bullish case on the gold miners. All through the bear market we warned people not to eat that rotten turkey!China demand, the China and India “love trade”, cyclical inflation driving up the prices of commodities and resources and the classic… economic growth in the US will create cost-push inflation throug...Read More
It is very difficult to pick exact bottoms but there are many tools we can use to help us pinpoint potential bottoms.You don’t hear technical analysts talk about fundamentals but we do for a reason. Major shifts in the primary trend are supported by fundamental shifts, though they can be very hard to spot until after the fact.Because of our extensive study of history, we are convinced that p...Read More
Markets are deceptive…but we all know that. Beyond deceptive, markets are actually down right diabolical. Mr. Market operates through his two most trustworthy lieutenants Mr. Bull and Mr. Bear. He has tasked Mr. Bull to climb and reach the top of the mountain using investors buying power to fuel the rise. But he has also instructed Mr. Bull to not allow those sa...Read More
You know I’ve been fighting the gold bugs for a longtime. Gold is an inflation hedge, not a deflation hedge. Turn togold for safety during a deflationary period and you’ll get your ass handed toyou on a golden platter!Gold is simply another commodity and it burst in the 30-yearcycle top between 2008 and 2011, just like it did after the 1980 top.But my bubble model projec...Read More
Powell is apparently between a rock and a hard place.Inflation surged, while the global economy slowed down. What will he do? Andhow will gold react?InflationJumps in OctoberThe consumer price index climbed 0.3 percent last month,after rising 0.1 percent in September, according to the U.S.Bureau of Labor Statistics. It was thebiggest rise since January, and it was mainly caused by an impressive su...Read More
After declining by more than 20 percent from the October peak, oil prices are showing some signs that they have now bottomed out.WTI hit a low point at $56 per barrel on Wednesday and Brent hit a low just below $65 per barrel. Both crude benchmarks regained some ground at the end of the week, despite the huge increase in U.S. crude oil inventories. In fact, rising prices in the face of the 10-mill...Read More
When dealing with the buying and selling ofcommodities, there are things which you need to know. It can be a complicatedbusiness, and this means that people who buy and sell products can fall intosome of the common pitfalls and experience issues. However, commodities can cover a wide range ofdifferent goods and services, so there are things that you're going to need toknow. To try and make sure th...Read More
Are the metals markets ending a price correction in unison and preparing for a massive price advance? This is the question we asked our research team to investigate and their findings may help skilled traders identify great opportunities in the future. This multi-part research article will share our most recent opinion about the metals markets as well as share some critical new data th...Read More
The import price for hot-briquetted iron (HBI) in Italy decreased in the week ended Thursday November 22 due to softer prices for hot-rolled coil and low demand, sources have told Fastmarkets.Fastmarkets' import price assessment for HBI in Italy decreased to $315-330 per tonne cfr on November 22, from $345-350 per tonne cfr a week before."The workable HBI price for us depends on how strong the HRC...Read More
The price of pig iron exports from the Commonwealth of Independent States has fallen over the past seven days due to weak prices both for raw materials and for finished steel products, Fastmarkets heard on Thursday November 22.Fastmarkets' CIS export price assessment for high-manganese pig iron went down to $355-365 per tonne fob Black Sea on Thursday, from $365-370 per tonne a week before."The ma...Read More
Precious metals expert Michael Ballanger discusses the recent rise in precious metals prices and what he sees ahead for the metals. As many of us have grown to appreciate over the years, forecasts tend to be nothing more than "educated guesses" and no matter what methods one uses, predicting directional and amplitudinal movements in economics or finance or asset prices is analogous to standing in...Read More
Domestic prices for hot-rolled coil (HRC) in the EU have remained under pressure from slow buying activity in the past week, sources told Fastmarkets on Thursday November 22.European distributors were reported to have sufficient stocks of the material and this, in combination with a seasonal slowdown in demand, was reflected in the negative effect on the market.In addition, Turkish mills have decr...Read More
Strongwords, aren’t they? And yet, we are not afraid to put them right in the title.The number of factors (and their importance) that point to a nearby reversaland continuation of the major decline is too significant to believe in thebullish case, even though gold, silver, and mining stocks moved higher in thelast few days.Weemphasized it many times and we will continue to do so, as it&rsquo...Read More