Battery-grade lithium compound prices were stable across all markets Fastmarkets assesses on Thursday June 11 due to very low buying activity. Demand continues to be weak in China's domestic market, but producers refused to lower prices further. China's battery-grade lithium carbonate and hydroxide markets stabilized after falls of around 2% a week ago. Asian seaborne prices continue to range trad...Read More

Key data from the Friday June 12 pricing session in Shanghai.Key drivers Spot metal prices dropped amid persistent lackluster demand, while local futures prices edged lower on Friday, making buyers even more reluctant to accept higher offers. The cobalt tetroxide...Read More

The proposed changes to existing EU safeguard measures for hot-rolled coil would result in a drop in import volumes and consequently injure independent distribution in Europe, Italian steel distributors' association Assofermet said in a letter to the European Commission (EC).In late May, the EC presented a draft of the new safeguard measures to the World Trade Organization, which will go into effe...Read More

Prices for flat-rolled steel imported into South America continued to recover during the week to Friday June 12 as more increases were issued - mainly by Chinese and Japanese mills - for August-shipment cargoes.Buyer interest was still lower than usual despite countries such as Peru gradually reopening from lockdowns imposed to prevent the spread of Covid-19. At the same time, a more favorable cur...Read More

The European Commission (EC) has initiated an anti-subsidy investigation into hot-rolled coil imports from Turkey, it said on Friday June 12.The EC concluded that the European steel association, Eurofer, had provided sufficient evidence that Turkish HRC producers have been benefiting from a number of subsidies. Eurofer lodged a complaint to the EC on April 30 this year."The alleged subsidy pr...Read More

Domestic flat and long steel prices remained unchanged in Brazil in early June while demand remained stagnant, but mills were already planning increases for July.Prices held steady, maintaining their highest levels in at least one year in the case of flat-rolled products while no discounts were being offered despite tumbling demand. The long steel sector had some discount reports, although prices...Read More

Italian rebar producers seeking new export destinations, appear to have succeeded after reports of a surge in sales to North America this week, sources told Fastmarkets on Friday, June 12.And market participants in Italy's domestic market have complained about shortages of material due to the increase in export sales.Several sources in Italy confirmed to Fastmarkets that a 50,000-tonne c...Read More

Indian domestic secondary billet prices fell by 700 rupees ($9) per tonne in the week to Friday June 12, after a fall in finished steel prices in the country.According to an official from a billet mill in central India, demand for finished and semi-finished products had declined because some states in India have re-imposed restrictions to control the spread of the...Read More

Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort263,97255,35946,644110,115353,572420,731455,575Change from Prior Reporting Period -8,2242,1979,6371,461-11,7052,874129Traders19664785453283165 Small Speculators LongShortOpen Interest 54,93020,086475,661 -2,958-213-84 non reportable positionsChange from the previous reporting per...Read More

Gold investment demand remains strong, buoying the yellow metal and its miners' stocks. Investors have continued actively diversifying into gold despite soaring stock markets and weaker summer seasonals. The Fed's extreme money printing fueling these precarious stock-market heights is perilously inflationary, making upping gold portfolio allocations essential. This ongoing capital shift...Read More

Gary TanashianBefore updating the status of the gold miner (HUI) correction, let's take a quick review of the Macrocosm, because it's always a good time to be clear on important macro considerations.The graphic makes the following points that are the foundation of the NFTRH view on the right/wrong times to be fundamentally bullish on the gold stock sector. In order of priority, a bullish view...Read More

By: Gary Savage$SPX well have some sort of re-test of the March's low. Gary Savagehttps://blog.smartmoneytrackerpremium.com/ Read More

Chris MarcusThe Federal Reserve held its latest policy meeting on Wednesday, and like usual, they basically said they're going to print an incredibly large amount of money until eternity.Fed chairman Jerome Powell said that he plans to leave interest rates at 0% until at least 2022, although he may as well have meant 3022. Because for the same reasons as has been the case for the past decade, If...Read More

By Robert LambourneGold market activity by the Bank for International Settlements appears to have risen in May to its highest level in more than three years, according to the bank's statement of account for the month:https://www.bis.org/banking/balsheet/statofacc200531.pdfThe data in the May statement indicates that the BIS increased its position in gold swaps and gold-related derivatives by 84...Read More

By: Ira EpsteinGold is near some key resistance levels, where is the support if it fails to breakout?Read More

Turkish steel producers remained active in the market for import scrap in the week ending Friday June 12, while prices for bulk scrap in Japan and Vietnam appear to hit a ceiling as activity slowed.Turkish mills continue to book deep-sea scrap Demand from Turkey has allowed US East Coast prices to keep increasing Trading activity falls in Vietnamese market as offer prices climb  Buying activi...Read More

The UK market for deliveries of steel scrap to domestic consumers has increased again month on month, on tighter scrap generation against steady demand and higher export prices into traditional destinations, market sources told Fastmarkets on Friday June 12.The move follows fewer scrap arisings in the wake of the Covid-19 lockdown, which resulted in falls in demolition projects in construction and...Read More

Sprott Money News ? Sprott Money News Weekly Wrap-up - 6.12.20Eric Sprott has more than 40 years of experience in the investment industry. In 1981, he founded Sprott Securities (now called Cormark Securities Inc.), which today is one of Canada's largest independently owned securities firms. In 2001, Eric established Sprott Asset Management Inc. Over the years, Eric has personally been the recipie...Read More

Danielle DiMartino Booth is CEO & Chief Strategist for Quill Intelligence LLC, a research and analytics firm. She spent nine years as an advisor to Richard W. Fisher at the Federal Reserve Bank of Dallas. Danielle left the Fed in 2015 to found Money Strong, LLC, an economic consulting firm and launched a weekly economic newsletter She is the author of Fed Up: An Insider's Take on Why the Federal...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