When I stepped off the plane in Calgary nearly a decade ago on my first junket to the Alberta oil sands, I had a good sense of what was in store for me.I had found myself over 2,300 miles from Baltimore for the first leg of this trip, and I knew the drive ahead all too well.Once we jumped on Route 63 and headed north, there were still nearly 500 more miles to cover before I could glimpse those oil...Read More
Standard Lithium Ltd. (TSXV: SLL, OTCQX: STLHF, FRA: S5L) is a specialty chemical company, focused on unlocking the value of existing, large-scale, US-based, lithium-brine resources. The Company's flagship project is located in southern Arkansas, where it is engaged in the testing and proving of the commercial viability of lithium extraction, from over 150,000 acres of permitted brine operations,...Read More
The Wednesday Market Minute Global stocks edge lower in cautious trade as investors eye the U.S. earnings season while digesting the impact of stronger-than-expected retail sales data on Fed rate betsPresident Donald Trump's remarks on China tariffs, as well as a WTO ruling on subsidies for state-owned enterprises, puts investors on edge as trade talks appear to have stalled yet again.Bank of Am...Read More
Domestic prices for hot-rolled coil (HRC) have decreased over the past week in the south of Europe due to slow trading, market sources told Fastmarkets on Wednesday July 17.Prices in the north of the EU have been largely stable, however, although the market was reported to be slow.Despite weak market activity, steelmakers were reported to be considering price rises for September-rolling coil produ...Read More
Here is the video summary of the July 17th INK Morning report where we suggest that a break-out in Canadian financials may be what is needed to signal better days ahead for small-cap oil & gas names.INK Research and Canadian Insider are both subscriber-supported. We do not accept payments from issuers or promoters for stock coverage.Script:Despite improving Canadian oil prices since last fall, ma...Read More
Eastern China's domestic prices for hot-rolled coil continued to pick up strength on Wednesday July 17, while those in the northern region held steady.DomesticEastern China (Shanghai): 3,890-3,910 yuan ($566-569) per tonne, up 10 yuan per tonneNorthern China (Tianjin): 3,850-3,860 yuan per tonne, unchangedRising futures stimulated trading in the spot market in eastern China, resulting in more buyi...Read More
US wire rod prices have trended downward for six straight months to hit a 16-month low, driven primarily by weak demand and high inventory levels, Fastmarkets has learned. Fastmarkets' assessment for steel wire rod (low carbon) industrial quality, fob mill US, fell to $32.50-33.50 per hundredweight ($650-670 per short ton) on Tuesday July 16, down by 4.3% from $34-35 per cwt in June and down 18% f...Read More
The price for rebar produced and delivered in Southern Europe has widened upward by ?,?5 ($6) per tonne week on week, with Italian mills intending to raise prices before the traditional August holiday period, sources told Fastmarkets on Wednesday July 17.Market activity remains low and buyers remain generally reluctant to commit to volumes, market participants said.Fastmarkets' weekly price assess...Read More
The domestic prices of hollow steel sections in Northern and Southern Europe fell this week, pressured lower by poor demand, market sources said.Fastmarkets' price assessment for steel sections (medium), domestic, delivered Northern Europe, was ?,?620-630 ($696-708) per tonne on Wednesday July 17, down from ?,?625-640 one week earlier."Some mills are decreasing capacity but it seems not to have wo...Read More
Physical iron ore prices fell backward on Wednesday July 17 amid losses in the futures market, after the Dalian Commodity Exchange (DCE) increased the cost of trading.Fastmarkets' index for iron ore 62% Fe fines, cfr Qingdao: $121.27 per tonne, down by $0.88 per tonne.Fastmarkets' index for iron ore 62% Fe Pilbara Blend Fines, cfr Qingdao: $121.19 per tonne, down by $0.88 per tonne.Fastmarkets' in...Read More
The price for rebar produced and delivered in Southern Europe has widened upward by ?,?5 ($6) per tonne week on week, with Italian mills intending to raise prices before the traditional August holiday period, sources told Fastmarkets on Wednesday July 17.Market activity remains low and buyers remain generally reluctant to commit to volumes, market participants said.Fastmarkets' weekly price assess...Read More
Turkish steel mills continued to stay away from the deep-sea scrap market on Wednesday July 17, because of the sluggish finished steel demand, sources told Fastmarkets.After booking a UK cargo at $288 per tonne cfr for HMS 1&2 (80:20), the mills have stayed out of the market despite still needing to buy more cargoes for August deliveries."The steel producers in Turkey need to buy scrap for August...Read More
Iranian steel billet and slab prices increased again in the week to Wednesday July 17 after customers in Asia made several bookings.Fastmarkets weekly price assessment for steel billet index export, fob Black Sea, CIS, $/tonne, was $382-394 per tonne fob on Wednesday July 17, widening from $385-390 per tonne fob.Some 50,000 tonnes of Iranian steel...Read More
China's domestic rebar prices maintained their upward momentum on Wednesday July 17 amid rising futures. Domestic Eastern China (Shanghai): 3,980-4,010 yuan ($579-583) per tonne, up 10 yuan per tonneNorthern China (Beijing): 3,900-3,930 yuan per tonne, up 10 yuan per tonneSome buyers raised their procurement rates to replenish their inventories on seeing the gains in the futures market.End users m...Read More
- Stefan GleasonPresident Trump moved recently to nominate an avowed sound money advocate, Judy Shelton, to the Federal Reserve Board. That triggered a flurry of superficial and derisive references in the controlled media to Shelton's past support of a gold standard.For example, CBS News described her as "a believer in the return to the gold standard, a money policy abandoned by the U.S. in...Read More
By: Ira EpsteinGold bias is up, daily chart shows a congestion period trying to figure out what to do next, just at the 18-DMA support. Volatility has come out of the market:Read More
By: Gary SavageLots of currency intervention going on. Be careful with gold short-term:http://blog.smartmoneytrackerpremium.comRead More
One of the real reasons for Charles Evans, Powell, etc talking about a rate cut is Trump and the Fed don't want the US Dollar too strong when the ECB is trying to drastically weaken the Euro. Fed watches both Dollar Indexes. Not just one. Which makes things very difficult for the Fed to manage the US Dollar because they have to walk a tight rope trying to manage both. Jason Burack is an investor,...Read More
Macroeconomic analyst Rob Kirby lays out what is coming and says, "When the dollars start coming home, there will be inflation. We have seen the rejection of U.S. debt, but the dollars are being recycled into other things like Bitcoin and equities. There is going to come a point where the dollars are going to come home to America, and people are going to start demanding real stuff. . . . I can env...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