The prices for flat steel products imported into the United Arab Emirates have been stable over the past week with levels of demand remaining low but consistent, Fastmarkets heard on Tuesday March 26.Demand among end-users has been weak, so buyers were unwilling to place orders for large tonnages, sources told Fastmarkets.In addition, some market participants were expecting prices to come down bec...Read More

Exporters of Chinese hot-rolled coil lowered their prices slightly on Tuesday March 26 on sparse trading, while those in China's domestic market were remained largely steady amid slowing downstream demand.DomesticEastern China (Shanghai): 3,850-3,870 yuan ($573-576) per tonne, unchangedNorthern China (Tianjin): 3,800-3,810 yuan per tonne, narrowing downward 10 yuan per tonneWhile prices have been...Read More

* Germany's Wirecard soars 26 percent* ConvaTec jumps after report of buyout interests * Ferguson tumbles on disappointing outlook * Carnival drops on cutting forecast (Updates to closing)By Susan MathewMarch 26 (Reuters) - European shares rose on Tuesday,snapping a four-day losing streak, boosted by healthcare stocksand on indications that UK Prime Minister Theresa May's deal toexit the European...Read More

(Amends number of mortgages approved and deletes reference tosix-year low after data provider UK Finance released correctedfigures)LONDON, March 26 (Reuters) - British banks approved fewermortgages in February than during January, industry data showedon Tuesday.Seasonally-adjusted data from the UK Finance industry bodyshowed banks approved 39,083 mortgages last month, down from39,910 in January.Th...Read More

* FTSE 100 up 0.3 pct, mid-caps up 0.5 pct * Ocado at record high on partnership deal * Housebuilders gain after HSBC upgrades * Carnival slumps on reduced profit target* ConvaTec surges on M&A talks (Recasts, adds company news items, quote, updates prices)By Shashwat Awasthi and Muvija MMarch 26 (Reuters) - London's main index bounced back fromtwo sessions of losses as exporters were boosted...Read More

Prices for steel rebar and billet in the United Arab Emirates were again unchanged this week as a result of continuing moderate demand, sources told Fastmarkets on Tuesday March 26.Local rebar producers rolled over their domestic prices for rebar on March 13 and have not announced any changes since then.Rebar importsOman was offering rebar to the UAE at $530-540 per tonne cpt, but no new...Read More

By: IRA EPSTEINGOLD IS AT A KEY JUNCTURE:Read More

By: Stewart Thomson, Graceland Updates1. Please click here now. Double-click to enlarge this long-term gold chart. Fundamental and technical analysis are both strongly supporting gold's rally towards the key $1400 area.2. Having said that, COMEX price action mainly reflects action in the physical market and this is the weak season for gold.3. Investors need patience. New...Read More

By: Dave KranzlerThe news headlines explained the sudden jump in the S&P futures this morning by stating that "recession fears had faded." Just like that. Overnight. I guess the fact that the housing starts report showed a 9% sequential drop in housing starts last month and and a year-over-year 10% plunge means that the housing market is no longer considered part of the economy.That report...Read More

By: DAVID Chapman "Money is not an invention of the state. It is not the product of a legislative act. Even the sanction of political authority is not necessary for its existence. Certain commodities came to be money quite naturally, as the result of economic relationships that were independent of the power of the state." Carl Menger, economist, founder of the Austrian School of Economics, 1...Read More

Stocks erased their weekly gains and bond yields fell on Friday as investors reacted to a number of economic developments. Chief among them were a Treasury yield curve inversion, the first since before the financial crisis, and continued slowdown in the pace of U.S. manufacturing expansion.I had my eye on several other market-moving news items, some of which I share with you below. 1....Read More

COLORADO SPRINGS, Colorado, March 26, 2019 (GLOBE NEWSWIRE) -- Gold Resource Corporation (NYSE American: GORO) (the "Company") announced today its Nevada Mining Unit's exploration plans include targeted expansion of the Isabella Pearl (IP) open pit deposit by testing the adjacent Civit Cat North. Additional nearby targets with open pit potential include "Scarlet", where numerous high-grade...Read More

By: Avi GilburtBack in the 1940's, Ralph Nelson Elliott once noted:At best, news is the tardy recognition of forces that have already been at work for some time and is startling only to those unaware of the trend.So, rather than be startled by the news of the past week, I have been trying to warn anyone who was willing to listen that if you want to know what the Fed is going to do, simply read t...Read More

By: IRA EPSTEINGold pushing top of the Bollinger band resistance. Higher lows and higher highs, gold overbought but benefiting from...Read More

Buy Gold, Sell Stocks Is the Trade of Century is our latest weekly perspective. Watch this video on Buy Gold, Sell Stocks Is the Trade of CenturyThe "trade of the century" is to buy gold and sell stocks as risk assets are due for another meltdown.It's only a matter of time until the bearish bet pays off big, according to Crescat Capital LLC. While the Denver-based firm has only about $50 million...Read More

Since last spring we've written over and over again about a Fed rate cut being the catalyst for a bull move in gold stocks.The history is almost bulletproof. Many lows in gold stocks over the past 60 years coincided with the end of rate hikes.At present the Federal Reserve is in pause mode and the market is on the cusp of pricing in a rate cut. Friday, Fed funds futures showed a 56% chance of a...Read More

By: Clint SiegnerBoeing and the Federal Aviation Administration worked closely together to hustle a new passenger jet through the safety certification process. The combined efforts to save time and cost, coupled with little sense of accountability, resulted in a tragic safety flaw.Now hundreds of passengers are dead, albeit in other countries. The public is finding the enormous trust placed in t...Read More

China's domestic rebar prices resumed their downward trend on Tuesday March 26 after holding steady for a day, with bearish sentiment brought about by the upcoming decrease of value-added tax in the country weighing on the market. Domestic Eastern China (Shanghai): 3,800-3,850 yuan ($566-573) per tonne, down 30-40 yuan per tonneNorthern China (Beijing): 3,820-3,860 yuan per tonne, down 10-20 yuan...Read More

Fed "policy," such as it is, went all silly Monday when a little-known spokesman for the central bank said he expects one more rate hike in 2019 and perhaps another in 2020. Didn't Chairman Powell just finish saying that there would be no tightening this year? And weren't we reading the other day that the yield curve had inverted, raising the risk of a U.S./global recession? In any event, a Ph...Read More

Mar. 22nd, 2019(S14-E688)Featured GuestsDr. Charles Nenner MD& Bill MurphyScheduled: Sun. 3/24Please Listen HereHailing from sunny Miami Florida, home of the exotic Miami beach, Charles Nenner rejoins the show. Our guest outlines proprietary market model entries / exits including gold that could eventually ascend to $2,500 Adding support for the bullish case for PMs / commodities, the Euro coul...Read More