Ukrainian steel billet producer Dneprovskiy Dzerzhinsky Metallurgical Plant (DMKD) has restarted its 900,000-tonnes-per-year No12 blast furnace at its steelmaking facility in the port city of Kamianske on the Dneiper river.Trial pig iron production was started at the end of 2019 and normal operations resumed on Saturday January 4, the company said on January 10. Currently, the daily...Read More

By: Gary SavageAnother secular bull market in gold underway. Long basing phase is over, lots of volatility back and forth.. 7 minute long video with long-term gold chart view.https://blog.smartmoneytrackerpremium.com/Read More

"Advice is what we ask for when we already know the answer but wish we didn't." Erica Jong, American novelist, satirist, poet; b. 1942 "To different minds, the same world is a hell, and a heaven." Ralph Waldo Emerson, American essayist, poet, lecturer, philosopher; 1803-1882 "The task of beating the market is not difficult. It is the job of beating ourselves that proves overwhelming." Martin P...Read More

StrengthsThe best performing metal this week was palladium, up 6.48 percent, notching its best weekly advance since June. While global car sales are weak, loadings for their catalytic converters are going up with regulatory requirements. Gold traders and analysts were spilt on their outlook for the yellow metal next week after this week saw big price swings due to U.S.-Iran tensions escalati...Read More

Clive MaundIt has been a week of surprises since the last updates were posted. First, I had not expected Iran to retaliate following the murder of its top General by a US drone, but it did, despite the risks, as it was politically necessary to assuage the extreme anger of its population who demanded revenge. The next surprise was that Israel and the US did not use this retaliation as an excuse t...Read More

China may continue importing steel billet after the Chinese New Year holiday (January 25-30) due to the expected pick-up in seasonal downstream demand and prices post-holiday, market sources told Fastmarkets.China was not heard to have imported any steel billet in January due to the holiday lull in the domestic markets. Quiet JanuaryCurrent billet import offers are around $450 per tonne cfr China...Read More

Eastern China's rebar prices fell further on Monday January 13 on softening demand, though those in the northern region held up amid a lack of selling pressure.Eastern China (Shanghai): 3,650-3,680 yuan ($527-532) per tonne, down 20 yuan per tonne Northern China (Beijing): 3,540-3,560 yuan per tonne, unchangedDemand continued to weaken during the day with less than two weeks to go before the start...Read More

Manganese alloys prices in Europe and India increased in the week to Friday January 10 against steady increases in manganese ore markets since early December, although industry sources believe further increases will be limited due to relatively soft consumer demand.In Europe, the silico-manganese lumpy 65-75% Mn, basis 15-19% Si (scale pro rata), major European destinations market price climbed by...Read More

Technical analyst Clive Maund charts silver's progress in comparison to gold's following recent world events. Silver's recent rally looks diminutive and stunted compared to gold's, but that's normal at this early stage of a new bull market, when silver typically underperforms gold due to investors being risk-averse and silver being perceived as more risky and volatile than gold. Nevertheless, as...Read More

Technical analyst Clive Maund examines the effects of recent geopolitical events on the precious metals markets. It has been a week of surprises since the last updates were posted. First, I had not expected Iran to retaliate following the murder of its top general by a U.S. drone but it did, despite the risks, as it was politically necessary to assuage the extreme anger of its population who dema...Read More

Sector expert Michael Ballanger offers his insights into the precious metals markets as 2020 begins. It was one of those days that all sexagenarians loathe; you have to go to the doctor, and whether it's the GP (general practitioner) or the dentist or the proctologist, nothing reminds you more rapidly of your advancing age than going to the optometrist.Now, many of you would say that your annual...Read More

The "phase one" trade deal between the U.S. and China will be signed on WednesdayThe Dow kicked off the week with modest gains thanks to the latest U.S.-China trade tailwinds. Ahead of the "phase one" trade deal between the two countries that's expected to be signed on Wednesday, the U.S. removed China from its list of currency manipulating countries. The S&P 500 and Nasdaq both finished in the bl...Read More

Delta Air Line's quarterly report is due out before the open tomorrow Travel concern Delta Air Lines, Inc (NYSE:DAL) is once again bumping up against recent pressure at its $60 region, just ahead of its fourth-quarter earnings report, due out before the open tomorrow. In the past, DAL has tended towards positive returns the day after its quarterly report, with only one post-earnings move during th...Read More

CDLX and DDD stocks are two big winners today on Wall StreetThe shares of 3D Systems Corporation (NYSE:DDD) and Cardlytics Inc (NASDAQ:CDLX) are trading sharply higher today, and in response options volume is heating up on both. Below is a brief rundown on how traders are approaching the shares of DDD and CDLX. For DDD, the 3-D printing specialist is trading up 11.3% at $11.12, on pace for its hig...Read More

There are divergences on daily charts to keep an eye on, tooTo say the market has been resilient in the first full week of trading during the new year is an understatement. In the face of mounting geopolitical tensions, the S&P 500 Index (SPX - 3,265.35) has managed to remain in positive territory for the year and continue its melt-up from the holidays, despite escalating events between the U.S. a...Read More

A short squeeze could power additional gainsThe last time we covered Signet Jewelers Ltd. (NYSE:SIG), the jewelry retailer was enjoying a post-earnings breakout. A little more than a month later, the stock is in focus again, this time for its recent encounter with a historically bullish trendline.Specifically, according to Schaeffer's Senior Quantitative Analyst Rock White, Signet stock has recent...Read More

The "phase one" trade deal will reportedly be inked later this weekWith the signing of the "phase one" trade deal apparently just days away, the Dow Jones Industrial Average (DJI) is continuing its climb midday. The blue chip index is joined in positive territory by the S&P 500 Index (SPX) and Nasdaq Composite (IXIC), though upside has been fairly limited overall. Meanwhile, February-dated cru...Read More

The $138 region in general could be problematicIBM Corp (NYSE:IBM) shares are trading lower today, down 0.8% at $135.52, following a downgrade out of Evercore ISI. The brokerage firm dropped its rating to "in line" from "outperform," while reducing its price target to $145 from $160. This stacks up with what most of the Street already thinks of IBM, since the majority of covering analysts already...Read More

EXAS was overbought heading into today, tooThe shares of EXACT Sciences Corporation (NASDAQ:EXAS) are down 11.4% to trade at $92.52 this morning, after the molecular diagnostics specialist gave its preliminary fourth-quarter revenue results. The company expects to report revenue between $294 million and $296 million for the fourth quarter, and with the stock landing on the short-sale restricted l...Read More

By: Gary SavageAnother secular bull market in gold underway. Long basing phase is over, lots of volatility back and forth.. 7 minute long video with long-term gold chart view.https://blog.smartmoneytrackerpremium.com/Read More