By: IRA EPSTEINGold waiting for FOMC tomorrowRead More

Wish everyone a very colorful holiThe region between $1290-$1310 is a very dangerous zone for day traders. Right now gold is bullish and looks headed for $1330+. Trend (after FOMC) in gold and silver n Thursday and Friday is the key. There will be buyers on dips and short covering if gold and silver rise on the latter half of the week. Brexit is still in a limbo. China buying more farm products...Read More

Gold settled with a loss on Monday, giving up earlier modest gains as traders looked ahead to the outcome of the Federal Reserve's meeting later this week. Traders also kept an eye on geopolitical developments, including the U.K.'s efforts to reach a deal on leaving the European Union, and the direction of the U.S. dollar. Gold for April delivery GCJ9, -0.20% on Comex fell $1.40, or 0.1%, to set...Read More

Turkish steel producers continued to remain out of the deep-sea ferrous scrap markets while suppliers kept their offers firm, sources told Fastmarkets on Tuesday March 19.Market participants said that suppliers in the United States kept their offers at $330 per tonne cfr for HMS 1&2 (80:20), but the steel producers in Turkey were only willing to pay $315 per tonne for the same material."US supplie...Read More

* GRAPHIC-2019 asset returns: (Updates with closing prices)By Eric OnstadLONDON, March 19 (Reuters) - Aluminium touched a three-monthpeak on Tuesday after major producer Norsk Hydro washit by a cyber attack, causing its giant smelters to switch tomanual operation and some extrusion plants to be shut.Other industrial metals also gained ground on optimism abouteasy monetary policy ahead of a U.S. ce...Read More

American Lithium's TLC Project near Tonopah, Nevada. Source: American Lithium Corp.American Lithium Corp. [LI-TSXV] on Tuesday March 19 released the first assays from Phase one drilling on its TLC lithium claystone project near Tonopah, Nevada.The first drill hole returned 1,109 Li over 61 metres from a near surface depth of 11 metres, including 1.5 metres of 1,615 ppm Li.Tuesday's announcement ma...Read More

Construction at Equinox Gold's Aurizona Mine in Brazil. Source: Equinox Gold Corp.Equinox Gold Corp. [EQX-TSXV; EQXGF-OTC] on Tuesday said it has completed an updated mineral resource estimate for its Aurizona gold mine in northeastern Brazil, and an updated mineral reserve and resource estimate for its Mesquite gold mine in California.Led by financier Ross Beaty, Equinox Gold is a well-funded, mu...Read More

Three-month base metals prices on the London Metal Exchange were for the most part firmer this morning, Tuesday March 19.The exceptions were lead and tin that were little changed, while the rest were up by an average of 0.5%. Copper prices were up by 0.4% at $6,462 per tonne, compared with $6,433 per tonne at Monday's close.Volume was average, with 6,236 lots traded on LME Select as at 6.51am...Read More

The Tuesday Market Minute Global stocks were little-changed in overnight trading as investors kept risk appetite in check ahead of the start of this month's Fed meeting in Washington.CME Group futures contracts suggest no change in rates from the Fed this week, but price in a 30% chance of a rate cut by January 2019.Britain's Brexit saga took another twist yesterday after a ruling from the Parli...Read More

"Ski the mountain; don't let the mountain ski you." - Cheddar (Old ski buddy)It was a bright, sunny day with blue skies and thin wisps of white cloud that blew quickly across the mountain peak. We were sitting, my wife's cousin and I, in green Adirondack chairs near a gas fire in front of the lodge.Every once and a while, some idiot would come shooting off a 10-foot jump at the bottom of the slope...Read More

The price for flat steel products imported into the United Arab Emirates and Saudi Arabia mostly increased over the past week due to increased production costs, Fastmarkets heard on Tuesday March 19.End-user demand has been weak, so buyers were unwilling to place large-tonnage orders, sources told Fastmarkets. At the same time, production costs have been rising and placing upward pressure on the f...Read More

* Palladium hits a record high of $1,606/oz* Gold edges up for a third consecutive session * SPDR gold holdings post biggest daily gain since Jan. 18 (Updates prices)By Arijit BoseMarch 19 (Reuters) - Palladium hit its highest ever onTuesday, crossing the $1,600 an ounce mark for the first time asnews that Russia is planning to ban exports of precious metalsscrap fuelled concerns over an already s...Read More

Export prices for Chinese cold-rolled coil (CRC) and hot-dipped galvanized coil (HDG) rose for the sixth consecutive week on Tuesday March 19. Mills increased their offers again on steady domestic demand in China amid the ongoing winter production cuts, and costlier hot-rolled coil feedstock also helped to push up the prices, sources said. Fastmarkets' daily fob China HRC Index stood at...Read More

Chinese hot-rolled coil sellers kept prices steady on Tuesday March 19 on robust domestic demand ahead of a decrease of the country's value-added tax.DomesticEastern China (Shanghai): 3,850-3,870 yuan ($573-576) per tonne, widening downward by 10 yuan per tonneNorthern China (Tianjin): 3,810-3,830 yuan per tonne, unchangedPrices were largely stable in both eastern and northern China, with buyers s...Read More

When it comes to the potential for stock market gains for the rest of the year, is the glass half full or half empty? We tackle the issue in this week's Canadian Insider Insights newsletter. We suggest that the optimists may have one important factor going their way.To get our take on what that might be, click here to read the latest edition of our weekly newsletter for free. It is even better th...Read More

Price assessments for steel rebar and billet in the United Arab Emirates were stable this week while demand remained only moderate, sources told Fastmarkets on Tuesday March 19.Local rebar producers rolled over their domestic prices for rebar last week.Rebar importsOman was offering rebar for import into its neighboring state at $530-535 per tonne cpt UAE and a few deals were heard within that ran...Read More

China's domestic rebar prices edged up further on Tuesday March 19 on steady end-user demand amid favorable weather. Domestic Eastern China (Shanghai): 3,870-3,900 yuan ($576-581) per tonne, narrowed upward by 20 yuan per tonne Northern China (Beijing): 3,850-3,890 yuan per tonne, narrowed upward by 10 yuan per tonneWarmer weather in both Shanghai and Beijing led contractors to raise their procure...Read More

* U.S. central bank to start two-day policy meeting * Dollar down 1.3 pct over last 10 sessions * Aussie trims gains after RBA minutes * Graphic: World FX rates in 2019 (Adds context, graphics, updates prices)By Tom FinnLONDON, March 19 (Reuters) - The Japanese yen rose onTuesday, benefiting from a U.S. dollar hit by concern over theU.S. economy and expectations that the Federal Reserve willprove...Read More

The latest bids, offers and deals in the global markets for rebar, wire rod, steel beams and other long steel products. Latest transaction: rebar, wire rodRebar East China, domestic, grade III...Read More

Turkish steel producers continued to remain out of the deep-sea ferrous scrap markets while suppliers kept their offers firm, sources told Fastmarkets on Tuesday March 19.Market participants said that suppliers in the United States kept their offers at $330 per tonne cfr for HMS 1&2 (80:20), but the steel producers in Turkey were only willing to pay $315 per tonne for the same material."US supplie...Read More