(Updates prices) * British lawmakers to vote on no-deal Brexit at 1900 GMT * SPDR gold holdings rise for second day * Silver hits highest since March 1By Sumita LayekMarch 13 (Reuters) - Gold rose to a near two-week peak onWednesday, holding above the key $1,300 mark as uncertainty overBritain's exit from the European Union drove investors to safehaven assets.Spot gold was up 0.4 percent at $1,306...Read More
There appears to be a consensus among insiders that stocks are likely to face significant resistance at current levels. On Monday, we suggested that insiders were signalling that 1,160 would be a tough nut the crack for the INK Canadian Insider Index. We see the same dynamic playing out in US markets.Stalling insider sentiment suggests stocks may have a hard time advancing Like our Canadian-foc...Read More
Brazilian imports of flat steel products increased year on year in February 2019, mainly due to an improved performance by the flat steel sector, while long steel imports increased slightly in the same comparison.The country imported 91,208 tonnes of flat steel products in February, up by 62.73% from 56,049 tonnes a year before, according to figures recently released by the country's foreign trade...Read More
Prices for hollow steel sections in the domestic Northern European market were stable on Wednesday March 13, while prices in Southern Europe edged up for the second consecutive week, market sources have told Fastmarkets.Fastmarkets' domestic price assessment for commodity-size, grade-S235 square hollow sections made in Northern Europe was unchanged week on week on Wednesday at ?,?630-650 ($710-733...Read More
The European price of mesh-quality wire rod narrowed at the low end of the range on Wednesday March 13, reflecting the market's sound fundamentals starting to re-emerge in a murky political environment.Fastmarkets MB's weekly domestic price assessment of mesh-quality wire rod for both Northern and Southern Europe edged up to ?,?535-550 ($603-620) per tonne delivered on Wednesday from ?,?530-550 pe...Read More
The Turkish steel mills hve taken a break from deep-sea scrap purchasing activity because of the increasing offer prices they are getting, sources said on Wednesday March 13.The producers in the country have been buying deep-sea scrap from various sources at a slow pace for a while, but were still cautious due to the weakness of finished steel demand.Only two UK cargoes have been sold so far this...Read More
Iron ore prices experienced some fluctuation on Wednesday March 13 following ups and downs in the futures markets.MB 62% Fe Iron Ore Index: $84.78 per tonne cfr Qingdao, down $0.47 per tonne. MB 62% Fe Pilbara Blend Fines Index: $83.90 per tonne cfr Qingdao, down $0.47 per tonne. MB 62% Fe Iron Ore Index-Low Alumina: $86.70 per tonne cfr Qingdao, down $0.65 per tonne. MB 58% Fe Premium Index: $74....Read More
The Singapore Exchange (SGX) has seen a "tremendous uptick" in iron ore futures trading activity due to supply concerns following the deadly breach at one of Vale's tailings dams earlier this year."There is suddenly a big squeeze on high-quality iron ore," the exchange's head of derivatives, Michael Syn, said in response to a question from Fastmarkets at an SGX press briefing at the 44th Annual In...Read More
NEWS &VIEWSForecasts, Commentary & Analysis on the Economy and Precious MetalsCelebrating our 46th year in the gold businessMarch 2019"The best thing you can do is know how to have a balanced portfolio."Ray Dalio, Bridgewater Associates"The Flash Boys story put in jeopardy billions of dollars of Wall Street profits and a way of financial life."Michael LewisBy: Michael J. Kosares What's the lin...Read More
- Dave Kranzler"The sovereign in the U.S. is supposed to be 'We The People'- first three words in The Constitution. It's not 'We The People.' The sovereign power of the U.S. is a criminal global banking cartel. Period. Full stop.""Criminal immunity is tantamount to Sovereignty. Any entity that has criminal immunity has Sovereign power. For example, you don't need the Constitution to coin money...Read More
By: Avi GilburtAs I now provide analysis to over 5000 subscribers between my services on Elliottwavetrader, The Market Pinball Wizard, and FATrader, I am the beneficiary of much feedback from various segments of the financial markets. In fact, since we have over 500 money manager clients, I see a lot of what the predominant thinking is on "the street."Of late, I have been pointing to the potenti...Read More
By: IRA EPSTEINBrexit excites gold price. In the daily gold chart climbing the wall of worry. $1290.60 support...$1,312.20 resistance:Read More
By: Gary Christenson, The Deviant InvestorThe welfare people and the warfare people control congress, appropriations, corruption and national policies. Implications are grim.If a nation subsidizes butter, it will get more butter. The U.S. and most other western governments subsidize welfare and warfare. Those expenses inevitably increase and are inescapable, like the mathematics of debt.The U.S...Read More
Iranian billet exporters increased prices for foreign customers in the week ended Wednesday March 13, following improved demand in the major outlets.Several cargoes of billet scheduled for shipment in April were reported sold to Asia around $395 per tonne fob.But there were also several cargoes on the same delivery terms sold to North Africa and Asia within the range of $400-405 per tonne fob.In s...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
Jordan Roy-Byrne, Founder of The Daily Gold joins me to address how the precious metals have been performing compared to some other key markets. We start with the gold to S&P ratio which some commentators have been noting gold's better performance. However a long term chart is showing a different picture. Next is how the USD is impacting the metals. A lot to consider but always remember that these...Read More
China's domestic rebar prices sustained some upward momentum on Wednesday March 13 on steady demand and gains in the billet market.Domestic Eastern China (Shanghai): 3,810-3,850 yuan ($567-573) per tonne, up 10 yuan per tonneNorthern China (Beijing): 3,790-3,830 yuan per tonne, up 10 yuan per tonneRebar futures dropped in the afternoon, which slowed down trading activity in the spot market. But bu...Read More
Gerald Celente is a pioneer trend strategist and founder of The Trends Research Institute. He is the author of the national bestseller Trends 2000: How to Prepare for and Profit from the Changes of the 21st Century and publisher of the internationally circulated Trends Journal newsletter. Gerald Celente is a political atheist. Unencumbered by political dogma, rigid ideology or conventional wisdom,...Read More
"I think when they start to try to reflate the assets in stocks, real estate and in bonds, they are just going to prick the dollar bubble, and that's when we have a real crisis. . . . The dollar is going to collapse, and America's days of living beyond its means is going to come to an end." Peter Schiff is an internationally recognized economist specializing in the foreign equity, currency and gol...Read More