The cobalt standard grade, in-whs Rotterdam trade log including business, bids and offers reported to Fastmarkets. Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparency into the markets it covers and the pricing process it applies. Fastmarkets assessed...Read More

Today, INK Research makes the case that the consumer's old romantic flame with the automobile could reignite as North Americans head back to work. If so, AutoCanada (ACQ) could benefit. The stock is trading right at its 200-day moving average. Contrarians might want to kick the tires of this opportunity.Will AutoCanada (ACQ) start to move up hill (click to the premium watch video)Meanwhile, in a...Read More

Prices for hollow steel sections in Europe continued to move down on Wednesday June 17, with feedstock prices continuing to fall ahead of the imminent renewal of the EU's import quotas, sources told Fastmarkets.Fastmarkets' price assessment for steel sections (medium), domestic, delivered Northern Europe, was ?,?540-560($610-633) per tonne on Wednesday, down from ?,?550-560 per tonne a week e...Read More

Wire rod prices in the United States were stable after rising lastmonth, but downward pressure has been mounting with Covid-19 pandemic-related uncertainty continuing to cast a pall over buying activity in the domestic market. Fastmarkets' monthly assessment for steel wire rod (low carbon) industrial quality, fob mill US held at $30-31 per hundredweight ($600-620 per short ton) on Tuesday June 16,...Read More

The price for steel H-beams in Europe moved down Wednesday June 17, after feedstock costs in the region were settled lower than expected, sources told Fastmarkets.Fastmarkets' weekly price assessment for steel beams, domestic, delivered Northern Europe, was ?,?520-550 ($587-621) per tonne on Wednesday, down from ?,?530-550 per tonne a week earlier."The [beam] price is slightly lower this week due...Read More

Turkish steel producers continued to book deep-sea scrap for July shipment at steady prices on Wednesday June 17, sources told Fastmarkets.A steel mill in the Iskenderun region booked a US cargo, comprising 17,000 tonnes of HMS 1&2 (80:20) at $267 per tonne cfr and 15,000 tonnes of shredded at $272 per tonne cfr.Following the news of the US transaction, the change in the daily scrap indices was on...Read More

Seaborne iron ore prices weakened on Wednesday June 17 amid concerns over the demand outlook for steel products.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $104.09 per tonne, down $0.76 per tonne. 62% Fe low-alumina fines, cfr Qingdao: $106.43 per tonne, down $1.37 per tonne. 58% Fe fines high-grade premium, cfr Qingdao: $92.78 per tonne, down $1.23 per tonne. 65% Fe Brazil-o...Read More

By Daniel R. Amerman, CFAWhile stocks were performing very poorly in the early days of the pandemic shutdowns, gold was doing quite well. There was another crisis investment that was doing even better however, as can be seen in the graph below, which shows price changes in percentage terms when compared to mid-February.Stocks are the green line, gold is the yellow line, and the red line is the p...Read More

At Eric Sprott's urging, we've been monitoring the daily abuse of the Exchange For Physical process since late 2017. However, since late March, the daily totals have fallen off dramatically. Why?Again, the "Exchange For Physical" process is an arcane feature of the COMEX futures market that allows a party to exchange a contract for "physical metal" off-exchange, usually in London. Abuse of this...Read More

Dave Kranzler, Investement Research Dynamic's Mining Stock JournalThe stock market promoting mainstream media this morning reported "U.S. Retail Sales Rose Record 18% in May" (e.g. the Wall St Journal). The S&P futures jumped from up 45 points to up 90 points.But, as usual, the details are in the fine print of the report itself, and it's apparent that nobody in the financial media bothered to...Read More

Stewart Thomson, Graceland Updates 1. Gold investors are eager to see the current price reaction end and a fresh uptrend begin. Oscillator buy signals, rising volume, and bullish price patterns are beginning to appear in some gold stocks, and that's a good sign. 2. Please click here now. Double-click to enlarge this daily gold chart. The best word to summarize both the fundament...Read More

By: Ira EpsteinGold 1706.20 support, swingline in gold's favor. 18-dma at 1728 area:Read More

Market Cycles are topping in a week. Time to get out of the market and buy the VIX. Charles just had a huge VIX trade last week buying calls. Nasdaq hits a new high based on the Fang stocks. Charles also had an amazing call on Crude Oil. He was calling for a decline to $4.90 per barrel. Starting selling it at $68 per barrel and closed position out at $4.90. Always remember when it happens is much...Read More

Mike Maloney recently joined Jeff Clark and David Morgan to discuss Jeff's latest article. This is Part 1, Part 2 coming soon. Link to Jeff's article: https://goldsilver.com/blog/the-poten...Michael Maloney is a precious metals investment expert and historian. He is the founder and owner of GoldSilver.com, a global leader in gold and silver sales/storage and one of the world's most highly regarded...Read More

Lynette Zang has held the position of Chief Market Analyst at ITM Trading since 2002. Ms. Zang has been in the markets on some level since 1964. Her mission is to convert financial noise into understandable language. She has been a banker, a stock broker and studied world currencies since 1987. She believes strongly that we need to be as independent as possible and at the same time, we need to com...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

Jordan feels that the correction in GDX is close to being over. Top to bottom GDX has corrected by 17% over the past month, which is typical and healthy. Gold is gaining relative strength compared to the S&P and silver and will likely hold up at these levels. It's building a tight consolidation that will eventually give way to a much higher move. Jordan can't see anything in the markets currently...Read More

Topics:Powell testifies in front of the Senate.Fed beholden to Wall Street speculators.We are the future generation that has to pay for the Fed's profligacy.We're in the lull before the storm. Dollar crash looming.I touched the third rail and the mob has come to get me fired.The bar has been lowered, letting real racists off the hook.Peter Schiff is an internationally recognized economist speciali...Read More

Where do all the riots, looting and arson happening around the country end? Former CIA Officer and counter-terrorism expert Kevin Shipp says, "They are pushing for a civil war, and we are in a soft civil war right now. It just hasn't broken out into the streets. This will result in a civil war, and we have to remember that we are not the minority. . . . . Your average American who loves the Consti...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