Chinese plate exporters have started to accept lower prices to boost sales following a period of thin trading.Fastmarkets MB's export price assessment for May shipments of Chinese commercial-grade, chromium-added plate was $545-550 per tonne fob for the week ended Tuesday March 19, narrowing downward from $545-555 per tonne fob a week earlier.A cargo consisting of 2,000 tonnes of plate was sold to...Read More
Slow demand and continued negative sentiment have caused wire rod prices in the United States to edge lower while the cost of imported material remains steady, Fastmarkets AMM has learned. Fastmarkets' assessment for industrial quality (IQ) low-carbon wire rod widened downward to $38-40 per hundredweight ($760-800 per short ton) fob mill on Tuesday March 19, down from $38.25-40 per cwt previously....Read More
The European price of mesh-quality wire rod stayed flat on Wednesday March 20, with trading remaining subdued although the fundamental picture has improved.Fastmarkets' weekly domestic price assessment for mesh-quality wire rod for both Northern and Southern Europe stayed at ?,?535-550 ($607-624) per tonne delivered on Wednesday, after narrowing upward last week from $530-550 per tonne.Consumers.....Read More
Domestic prices for hollow steel sections in Southern Europe edged up on Wednesday March 20, but are expected to match the stability seen in Northern Europe in the next few weeks, market sources told Fastmarkets.Fastmarkets' weekly domestic price assessment for commodity-size, grade-S235 square hollow sections made in Southern Europe widened upward by ?,?5 per tonne this week, to ?,?630-650 per to...Read More
Turkish steel producers have continued to stay back from the deep-sea scrap markets due to sluggish demand for finished steel and the firmness of the offers from scrap merchants, sources said on Wednesday March 20.Offers for HMS 1&2 (80:20) grade material from the United States remained at $330 per tonne cfr, but mills were not willing to pay such high prices, Fastmarkets was told.Besides, the wea...Read More
Iron ore prices fell on Wednesday March 20 after Brazilian miner Vale announced it has been given the go-ahead to restart operations at its Laranjeiras tailings dam in Minas Gerais state.MB 62% Fe Iron Ore Index: $84.30 per tonne cfr Qingdao, down $2.93 per tonne. MB 62% Fe Pilbara Blend Fines Index: $83.42 per tonne cfr Qingdao, down $2.93 per tonne. MB 62% Fe Iron Ore Index-Low Alumina: $86.16 p...Read More
By: Avi GilburtA few weeks ago, I wrote an article entitled "Bonds Setting Up To Skyrocket," and boy did I get a lot of pushback in the comments section. And, when I see so many who are still very bearish of bonds, it tells me that I am likely on the right track with my expectations for higher in the coming months.First, I want to revisit how we have dealt with bonds over the last three years. O...Read More
By: IRA EPSTEINFOMC today - Fed dot plot will be a focus. Gold stocks need to be careful here, can turn bearish..Copper options at an all-time record:Read More
By: Stewart Thomson, Graceland Updates 1. The next US central bank announcement is tomorrow, and whatever happens is win-win for gold.2. If the Fed surprises most analysts and hikes rates, the stock market probably crashes, and gold stocks rally strongly. 3. If the Fed does nothing and makes another statement that QT could end this year, the stock market likely rallies a bit and...Read More
If you've been waiting for Mr. Market to spring the Mother of All Bull Traps, check out today's chart. What a beauty this picture will be if Monday's sharp reversal turns out to be the start of The Big One. Granted, odds of getting the timing of so important a peak exactly right will always be against technical swamis. But the chart has enough going for it that permabears could be forgiven for...Read More
Vancouver, B.C., March 20, 2019 - Zinc One Resources Inc. (TSX-V: Z; OTC Markets: ZZZOF; Frankfurt: RH33 - "Zinc One" or the "Company") announces that it has filed on SEDAR the National Instrument ("NI") 43-101-compliant Technical Report for the Resource Estimate at the Bongar? Zinc Mine project in north-central Peru. The estimate was prepared for the Company by Watts Griffis and McOuat Limited...Read More
Zinc One: Looking For Financing Partners - Fast Into Production After Financing. Interview with Gunther Roehlig at the PDAC:www.zincone.com Read More
China's domestic rebar prices lost their upward momentum on Wednesday March 20 amid a drop in trading activity. Domestic Eastern China (Shanghai): 3,870-3,900 yuan ($576-581) per tonne, unchangedNorthern China (Beijing): 3,850-3,890 yuan per tonne, unchangedRebar futures declined a few minutes after opening in the morning on news that Brazil's Vale - the world's largest iron ore producer - was all...Read More
Peter Schiff is an internationally recognized economist specializing in the foreign equity, currency and gold markets. Mr. Schiff made his name as President and Chief Global Strategist of Euro Pacific Capital. He frequently delivers lectures at major economic and investment conferences, and is quoted often in the print media, including the Wall Street Journal, New York Times, Barron's, BusinessWee...Read More
Jim Grant of Grant's Interest Rate Observer and author and economist Judy Shelton discuss the Fed's decision to not raise interest rates on CNBC's "Closing Bell."James "Jim" Grant is an American writer and publisher and the founder of Grant's Interest Rate Observer, a twice-monthly journal of the financial markets. He is the author , most recently, of The Forgotten Depression: 1921: The Crash That...Read More
Craig and I discussed the then upcoming Fed Meeting. Craig believed they would do nothing, and they didn't disappoint. Rate hikes are off the table now, probably because the next recession is on its way. Was does that mean for you? Gold is likely getting ready to bust through the 1350-1380 major resistance point and you want to be on the right side of that trade. We've seen this before and we'll s...Read More
This week guest Bill King of The King Report joins the McAlvany Weekly Commentary to discuss: The difference between inflection point & tipping point. Central Banks trying to fuel the utopian illusion of perpetual growth. The making of revolution is when the middle class drops to lower class.Read More
Andrew Maguire is an Independent London Metals Trader and Analyst, internationally renowned for his unique ability to read the precious metals market with the knowledge and experience gained over 35 years trading in financial and commodity markets. Andrew sits on the advisory board of a global physical bullion exchange and is a consultant advisor to many international hedge fund managers, bullion...Read More
Lynette tackles a range of topics including:- Signs & signals before the crash,- Silver vs Gold vs Palladium: what to consider,- When to buy productive land..depending on this crucial personal factor!- Options for raising at least some of your own food, even if you're not a farmer,- When & why to network with your neighbors.. especially if they're not into preparedness,- and More!!Lynette Zang has...Read More
"I don't think you can overstate how important it is that for the first time in the history of the country, the full Congress voted to tell the president that Continue...Read More