Import prices for flat-rolled steel continued to rise in South America during the week ended on Friday November 27, with Chinese mills presenting higher offers and clients rushing to settle the last deals for January-shipment cargoes.The prices on products from all origins also edged up, and lower availability supported those higher prices, according to market participants.Buyers were now bracing...Read More

Sector expert Michael Ballanger examines the charts for commodities like soybeans and the components used in handheld electronic devices, and reflects on what they say about the future prospects of those who hold mortgages and invest in precious metals. As I peruse my favorite website in search of technical patterns for various commodities and stocks, I am reminded of the soon-to-be-immortal words...Read More

An overview of the specialty steel raw materials markets in Europe and their latest price moves.Cristina Belda and Declan Conway contributed to this...Read More

Vaccines are coming. But so is the debt crisis. What does it imply for gold?COVID-19 cases are still rising at an alarming rate in the United States. As the chart below shows, the rolling 7-day average of new daily infections stays above 160,000. It means that the immediate economic outlook is rather dark. The short-term economic slowdown is good information for the gold market.But there is also b...Read More

Global ferrous scrap prices continued on an upward trend due to supply tightness and strong demand by steelmakers in the week ended Friday November 27.Strong demand in Turkey to feed domestic, export marketsLimited transactions in US because of Thanksgiving holidayStrong demand in Vietnam on supply shortageContainer shortages in Taiwan support import pricesIndian prices move upward once more.Turke...Read More

When making decisions regarding thegold mining stocks sector, some will choose to follow price actions whileothers will use indicator tools. The Gold Miners Bullish Percent Index ($BPGDM)is one such tool, essentially being a gauge of overbought and oversoldconditions for the gold mining sector with readings plotted on a range between0 and 100. Anything below 30 suggests oversold conditions while r...Read More

Copper's three-month price was the star performer on Friday November 27, rising by nearly 4.5% from Monday's closing price, with most other base metals managing to set fresh year-to-date highs. Copper's 5pm closing price was $7,499.50 per tonne on Friday, rising by 1.3% day on day and up 4.48% from Monday's closing price of $7,117.50 per tonne.Earlier in the day it&nb...Read More

Our advanced Adaptive Dynamic Learning (ADL) modeling system is showing some interesting future trends for both Gold and Silver. The rally in precious metals has really just started if our ADL system is accurately predicting future price trends.Over the past two years, we’ve highlighted a number of ADL research posts that have proven to be incredibly insightful regarding future market price...Read More

            It was only afterhe entered politics that President Donald Trump began to fully grasp the bias, dishonesty,and fakeness that runs throughout the so-called mainstream media.Butgold bugs and sound money advocates have long known to distrust the reportingof establishment news sources.Journalists’anti-gold and anti-Trump biases c...Read More

With just 35 days remaining until the United Kingdom withdraws from the European Union, the country's potential departure from the EU single market could see its domestic aluminium scrap market face business-critical trade barriers that, according to market participants, would send the UK's scrap industry hurtling backwards.The EU's import duties range from 3% to 6% for aluminium products from non...Read More

Copper's three-month price was the star performer on Friday November 27, rising by nearly 4.5% from Monday's closing price, with most other base metals managing to set fresh year-to-date highs. Copper's 5pm closing price was $7,499.50 per tonne on Friday, rising by 1.3% day on day and up 4.48% from Monday's closing price of $7,117.50 per tonne.Earlier in the day it&nb...Read More

Iron ore prices increased further on Friday November 27, supported by declining port inventories and strong demand for steel, sources told Fastmarkets,Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $129.62 per tonne, up $1.23 per tonne62% Fe low-alumina fines, cfr Qingdao: $129.84 per tonne, up $1.74 per tonne58% Fe fines high-grade premium, cfr Qingdao: $121.38 per tonne,...Read More

Seaborne coking coal prices across the board remained relatively flat on Friday November 27, with trading active in the fob market, sources said.Fastmarkets indicesPremium hard coking coal, fob DBCT: $101.07 per tonne, down $0.47 per tonnePremium hard coking coal, cfr Jingtang: $164 per tonne, unchangedHard coking coal, fob DBCT: $90.03 per tonne, unchangedHard coking coal, cfr Jingtang: $154.11 p...Read More

It sure looks like the Cartel has finally called off the dogs, however, and that the bottom for silver is in...Who called the dogs off?This doesn't look like a dead cat bounce:That looks like a bottom to me.The US dollar has barely budged:More proof this is nothing more than a good old-fashioned woodshed beating.They don't even take silver behind it anymore, nor do they confine the beatings to the...Read More

A huge raid, and huge changes in silver at the SLV...by Harvey Organ of Harvey Organ BlogNOV 25//ELECTION FRAUD EXPOSED. DR.PATRICK BYRNE +OTHER ELECTION STORIES//GOLD CLOSED UP 5 CENTS TO $1807.30//SILVER CLOSED UP 5 CENTS TO $23.34//WE WILL HAVE A MASSIVE SILVER AND GOLD DECEMBER DELIVERY MONTH//GOLD DELIVERIES FOR NOV. UP TO 30.045 TONNES//CORONAVIRUS UPDATE//CHINA VS USA MORE RHETORIC FROM CHI...Read More

Looking for that Black Friday flash sale? It's here, compliments of the cartel, but it probably won't last long....Silver got hit pretty good at 08:10 a.m. EST:The "selling" really began just after 8:00 a.m., however, and from $23.25 to $22.80, we're talking about a nearly 2% drop within minutes!What's the motive for today's smash?It does not have anything to do with options, or deliveries, or key...Read More

The price for pig iron exports from Brazil increased further during the week to Friday November 27 on sales to the United States, Fastmarkets has heard.Fastmarkets assessed the price of pig iron, export, fob port of Vitoria/Rio, Brazil, at $405 per tonne on Friday, up from $390-395 per tonne a week before.A sale was done to the US, where buyers needed to...Read More

Turkish steel mills continued their deep-sea scrap bookings for January shipment and prices continued to climb on Friday November 27, supported by strong demand in the country's finished steel markets.A steel mill in the Izmir region booked a Baltic Sea cargo, comprising 25,000 tonnes of HMS 1&2 (80:20) at $350.50 per tonne and 7,000 tonnes of bonus scrap at $360.50 per tonne cfr.And a steel...Read More

An overview of the new energy raw materials markets and their latest price moves.Susan Zou and Sally Zhang in Shanghai, Carrie Shi in Beijing, and...Read More

Fastmarkets has corrected its daily aluminium arbitrage calculation, which was published incorrectly on Thursday November 26 due to a reporter error. Fastmarkets' aluminium import arbitrage dollar per tonne calculation [MB-AL-0289] should have been $46.93 per tonne, rather than the $75.18 per tonne published. Fastmarkets' aluminium import arbitrage yean per tonne calculation [MB-AL-0290]...Read More