Ontario's government is working for the people by supporting Northern Ontario's film and television industry in the Nipissing and Sudbury areas.Today, Vic Fedeli, MPP for Nipissing, announced an investment of over $12.8 million at the Northern Ontario Film Studios' western-themed location in Powassan. The investments include: $3.4 million for Sienna Films Development Inc. to film the TV series Car...Read More
OPEC as we know it is dying.Don't weep - it had a good 54-year run, didn't it?Its history was fraught with infighting, backstabbing, and more cheating than you can imagine. In fact, breaking production quotas had become so commonplace within the oil cartel that it was hard to take its numbers seriously - especially given how closely members guarded their field data.Production doves like Saudi Arab...Read More
Cobalt metal prices continued to weaken on Wednesday June 26 with the first half of the week seeing consumers postpone all but essential buying, leaving sellers to cut their offers to entice sales. Fastmarkets' assessment of the price for standard-grade cobalt was at $13.75-14.35 per lb, in-warehouse, on Wednesday June 26, down from $13.85-14.50 per lb on June 21. Fastmarkets' assessment of the pr...Read More
Beginning today, we plan to provide a short video summary of our daily morning report stock feature. Eventually, our goal is to get the videos distributed to subscribers before the open. Starting out, we will be a day or so behind, but we are working hard to catch up!Fittingly, we are kicking off the feature with Evertz Technology (ET) which we featured in the June 24th morning report. June 24th...Read More
Domestic prices for hot-rolled coil in Europe have been largely stable over the past week due to slow demand, market sources told Fastmarkets on Wednesday June 26.Domestic pricesFastmarkets' weekly price assessment for domestic HRC in Northern Europe was ?,?485-495 ($552-564) per tonne ex-works on Wednesday June 26, compared with ?,?485-500 per tonne ex-works a week earlier, reflecting transa...Read More
China's domestic hot-rolled coil prices were largely stable on Wednesday June 26 amid mixed sentiment despite mills in northern China beginning to implement production cuts announced over the weekend.DomesticEastern China (Shanghai): 3,900-3,920 yuan ($567-570) per tonne, widening downward by 10 yuan per tonneNorthern China (Tianjin): 3,840-3,850 yuan per tonne, down 10 yuan per tonneMost market p...Read More
Fastmarkets is standardizing the names of some of its steel price assessments to better reflect incoterms and trading locations. In this standardization process, we will remove from the price names the region from country-specific assessments and specify in clearer detail the pricing location of some domestic China prices. Please see the table below for more details:Although Fastmarkets has amende...Read More
Steel H-beam prices in Northern Europe inched up this week after a string of losses, while Southern European prices dipped for the first time in three weeks, sources told Fastmarkets on Wednesday June 26.Fastmarkets' price assessment for domestic S235-grade, 200x200mm, category-2 H-beam in Northern Europe was ?,?575-610 ($654-695) per tonne delivered on Wednesday June 26, up from ?,?570-605 per to...Read More
Domestic prices for hollow steel sections in Northern and Southern Europe narrowed this week on a lack of imports and higher feedstock costs but this could be short lived when import quotas renew next week, sources told Fastmarkets on Wednesday June 26.Fastmarkets' domestic price assessment for commodity-size, grade-S235 square hollow sections made in Northern Europe was ?,?630-640 per tonne ($717...Read More
The price of mesh-quality wire rod in Europe fell by ?,?5 per tonne week on week following the drop in ferrous scrap prices, sources told Fastmarkets on Wednesday June 26.Fastmarkets' weekly domestic price assessment for mesh-quality wire rod in Northern Europe was ?,?500-510 ($569-581) per tonne delivered on Wednesday, down from ?,?505-515 per tonne delivered on June 19.Fastmarkets' daily Turkish...Read More
- Stewart Thomson 1. To view what may be the most important chart in the history of markets, please click here now. Double-click to enlarge. Gold is breaking out of a massive inverse H&S bull continuation pattern, and that pattern itself may be the head of an even more massive pattern that targets the $3000 price area.2. Please click here now. Double-click to enlarge this...Read More
- Richard (Rick) Mills North American stock markets continued to rise on Friday, as more investors took the opportunity to jump into equities on the back of a clear signal from the US Federal Reserve that interest rates are likely heading down. The S&P 500 hit a new record on Thursday, finishing 249 points higher, or 0.9%, to 2,954. The Federal Open Market Committee (FOMC) concluded on Wedne...Read More
- Gary ChristensonEvery 30 - 40 years the world goes crazy, takes a deep dive into a shallow pond, dances with the devil, and resets gold internationally.In 1913:A corrupt congress created the Federal Reserve and reset gold's status. Paper currency units (bad money) eventually drove gold (good money) out of the financial system. Add WWI, the IRS, and League of Nations.In 1944 - 1949:The Bretto...Read More
- Dave KranzlerShort of a raid orchestrated by the central planners to fasten tighter the cap on gold (which remains a real possibility given the historical record), the yellow metal shouldn't encounter much price resistance until above $1,500/oz. - Adam Taggart, Peak ProsperityI agree with the statement above from Adam Taggart but an aggressive price attack by the banks who operate the Com...Read More
By: Ira EpsteinGold technical price update - GDX showing weakness, a key reversal:Read More
By Avi GilburtIf you have followed us since December 2018, then you know we were expecting a major bottom in the cryptocurrency market, and expecting 2019 to be very bullish. In February we wrote an article suggesting an imminent wave two bottom, which proved correct, holding support by $10 on some exchanges.We suggested then that a third wave would commence, thrusting Bitcoin prices much higher...Read More
Bitcoin's impressive rise from the dead has hit 11,467 today, exactly two-tenths of a percentage point from the 11492 target I sent out to Rick's Picks subscribers a few weeks ago. There is further potential to 19,850 if certain conditions are met. Let me show you what to look for.Read More
- Stefan GleasonThe War on Cash isn't a conspiracy theory. It's an open agenda. It's being driven by an alignment of interests among bankers, central bankers, politicians, and Silicon Valley moguls who stand to benefit from an all-digital economy.Last week, Facebook - in partnership with major banks, payment processors, and e-commerce companies - launched a digital currency called Libra. Unlik...Read More
Turkish steel producers continued to be quiet in the deep-sea scrap markets with little demand for July shipment cargoes, sources said on Wednesday June 26.Mills in the country stepped away from the deep-sea markets last week after booking several cargoes for July.Some sources believe that domestic steel producers in Turkey still need a few more cargoes, but told Fastmarkets the mills&nb...Read More
Jordan Roy-Byrne, Founder of The Daily Gold joins me to share his thoughts on what a bullish correction for gold would look like. With everyone saying gold is overbought and a correction is due the fact is that in bull markets price can continue to run and corrections are typically short term events. We discuss a lower level that would still be bullish for gold and just how important Friday's clos...Read More