Brazil's steel use dropped by a quarter year on year in May, after Covid-19 restrictions led to a slump in both supplies and demand, the country's steel association, Instituto A??o Brasil, said this week.Apparent steel consumption in the country totaled 1.35 million tonnes in May, down by 24.8% year on year from 1.79 million tonnes in May 2019, the institute said on Thursday June 18.Flat-roll...Read More
Domestic steel rebar prices in Poland increased on Friday June 19, after a public holiday, due to rising feedstock costs and good end-user demand, sources told Fastmarkets.Buying activity started to recover this week after long public holiday in Poland, sources said.Demand form key rebar-consuming construction sector remains solid, they added, but a slowdown is expected in the&...Read More
China's domestic rebar prices moved up again on Friday June 19 due to higher trading activity, but market participants were not bullish on another price rise next week. Domestic Eastern China (Shanghai): 3,580-3,610 yuan ($506-510) per tonne, up by 20 yuan per tonne Northern China (Beijing) - weekly assessment: 3,630-3,670 yuan per tonne, down by 50-60 yuan per tonne Eastern China's rebar prices h...Read More
There was a noticeable dip in trading in the Turkish deep-sea markets in the week ending Friday June 19 although prices remained firm. Slower buying activity was also noted on the Taiwan, Vietnam and Indian markets amid the possibility of lower prices. The US market was the expectation to this. Purchases begin to slow on Turkish marketUS export market reports deals from West and East coastVi...Read More
Pig iron export prices from Brazil went up again during the week to Friday June 19 on full order books and continued demand in China.Fastmarkets' price assessment for pig iron, export, fob port of Vitoria/Rio, Brazil was $310-320 per tonne on Friday, widening upward by $5 from $310-315 per tonne the week before.Read More
The United States' pig iron price went up again during the week to Friday June 19 despite weak sentiment in the country.Fastmarkets' price assessment for pig iron, import, cfr Gulf of Mexico, US was $325-330 per tonne on Friday, up by $5-8 from $320-322 per tonne a week before."Higher pig iron prices do not correlate at all with what...Read More
Export prices of Brazilian steel slab were up in the week ended Friday June 19, with market participants shifting their focus to US deals in order to fill the import quota under Section 232.Fastmarkets assessed the price of steel slab export, fob main port Brazil at $375-390 per tonne on Friday, up from $355-375 per tonne a week before and the assessment's highest level since March 20.This ma...Read More
Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort277,39553,04746,087110,922368,942434,404468,076Change from Prior Reporting Period 13,423-2,312-55780715,37013,67312,501Traders20263735256285165 Small Speculators LongShortOpen Interest 55,15921,487489,563 2291,40113,902 non reportable positionsChange from the previous reporting p...Read More
Gold's powerful post-stock-panic upleg hasn't enjoyed buying support from the gold-futures speculators. These influential traders often drive and even dominate major gold-price trends. But they've been subtly selling into gold's sharp recent rally. Their dogged skepticism is actually very bullish for gold in coming months. Gold-futures speculators are amassing big gold-futures-buying f...Read More
"I think there will be a full monetary system reset after the world has had enough of Jay Powell and his digital printing press."By: Dave KranzlerThe alleged gold flow into the Comex and amount of gold for which contract longs are taking "delivery" is at a historical extreme. I use "delivery" because "taking delivery" means being assigned an electronic warrant that records ownership transfer of...Read More
- Gary TanashianGold Stock Seasonal AverageThe HUI Gold Bugs index has over the last 2 decades (encompassing both bull and bear markets) tended to bottom in July per stockcharts.com's data for the index. A seasonal average is not a directive, but it is a (+/-) guide to be factored. Last year gold stocks bottomed in May as we caught what would be a violent upswing. This year I expect the low t...Read More
Richard (Rick) MillsDonald Trump appears to have torn a page from Ahead of the Herd's manual for recharging the US economy. In an earlier article we said what the global economy really needs, in this low-growth, spending-stalled environment brought about by the pandemic, is a push - something big that will attract huge amounts of investment, and workers. As we have suggested, this could be...Read More
By: Ira EpsteinGold daily bar-chart, you can see a wedge formation:Read More
Use a buy on sharp dips strategy today in gold and silver for next week. Traders will start taking positions for third quarter. I am bullish on gold and silver in July to September period. Only crashing risk (to gold price) is US June nonfarm payrolls on 3rd July comes in positive. 4th July, American Independence day will start the US summer holiday which will end on second week of September. CO...Read More
Brazil's steel use dropped by a quarter year on year in May, after Covid-19 restrictions led to a slump in both supplies and demand, the country's steel association, Instituto A??o Brasil, said this week.Apparent steel consumption in the country totaled 1.35 million tonnes in May, down by 24.8% year on year from 1.79 million tonnes in May 2019, the institute said on Thursday June 18.Flat-roll...Read More
"We're going back to feudalism."Max Keiser is an American broadcaster and film-maker. He hosts Keiser Report, a financial program broadcast on RT. He presents a weekly show about finance and markets on London's Resonance FM, and writes for The Huffington Post. Keiser invented "Virtual Specialist Technology," a software system used by the Hollywood Stock Exchange. Prior to inventing this technology...Read More
Harry Dent is a Fortune 100 consultant, new venture investor, noted speaker, bestselling author, and the founder and senior editor at Dent Research, where he dedicates himself to identifying and studying demographic, technological, and geopolitical trends. He has a free daily newsletter at www.harrydent.com called "Survive and Prosper." Mr. Dent accurately predicted Japan's collapse in 1989, the d...Read More
The virus is being used to shutdown the world economy for the climate change group. They're cooperating with socialists as well. They've all gotten together to change the world economy. When it's done the socialists will turn against the billionaires, Gates, Soros, Steyer, etc. Europe is done and falling apart. The two proposals will be eliminating all paper money, they'll be forced to spend it an...Read More