- Peter DegraafA good place to start is at the seasonal tendencies for gold. There are seasons when gold drops in price, simply due to a lack of interest on the part of investors, and there are times when there is a seasonal tendency for investors to flock into the gold market. This chart courtesy goldchartsrus.com shows January is historically the best month for owning gold and gold produ...Read More
- Stewart Thomson, Graceland Updates 1. For the past few years, I've been suggesting that the world's ultra-wealthy investors have been buying enormous quantities of physical gold at a rate that overwhelms the commercial trader shorting on the COMEX.2. Please click here now. RT News highlights a wonderful chart produced by Goldman Sachs, and it likely proves that my theory is 100% cor...Read More
By: Ira EpsteinGold found support around $1,540. Pattern still bearish short-term, needs to get above $1,570. 18-DMA around $1538:Read More
On the face of it, the so called trade US-China trade deal looks a sham just to fool the voters. US treasury secretary has said that trade tariff's with China will be there until the second phase of the trade agreement. Trump's biggest vote bank is farming states. Energy companies have a history of funding Republicans. Chinese will be buying very large quantities to American farm produce and Ame...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 we...Read More
Hollow steel sections prices in Europe moved up this week, following increases from producers, market sources told Fastmarkets on Wednesday January 15.Fastmarkets' weekly price assessment for steel sections (medium), domestic, delivered Northern Europe, was ?,?600-630 ($668-701) per tonne on Wednesday, up from ?,?590-600 per tonne one week previously.Various section producers have created new pric...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...Read More
Central China-based Henan Luoyang Iron & Steel is to sell its 1.04 million tonnes per year of crude steel capacity to a mill in southern China's Guangdong province, according a notice released by the Henan Industry & Information Technology Department on Tuesday January 14.Seller: Luoyang Iron & SteelLocation: Luoyang city, Henan...Read More
- Peter DegraafA good place to start is at the seasonal tendencies for gold. There are seasons when gold drops in price, simply due to a lack of interest on the part of investors, and there are times when there is a seasonal tendency for investors to flock into the gold market. This chart courtesy goldchartsrus.com shows January is historically the best month for owning gold and gold produ...Read More
- Dave KranzlerGresham's Law in action: The diminishing availability of physical gold from the market (per several different accounts in London) corresponds to the proliferation of fiat currency printing and paper gold derivatives.Since September the Fed has increased the size of its balance sheet by $414 billion or 11% in less than four months. It's the fastest rate at which the Fed has print...Read More
By: Stefan Gleason, Money Metals ExchangeThe U.S. Treasury Department announced Monday that China is no longer on a list of countries deemed to be "currency manipulators." The timing was awfully convenient, coming just ahead of an expected Phase One trade deal between the two powers.Nobody actually believes China has stopped manipulating the value of its yuan versus the U.S. dollar.But the Trump...Read More
By: Craig HemkeThe battle continued in 2019, and rarely has the disparity been this sharp.And what do we mean?Well, on one hand, you have real physical gold. This is gold that you store yourself or at a trusted vaulting company. This is gold that you can actually hold in your hands. This is the gold that is demanded at record levels by central banks around the globe.On the other hand, we have pr...Read More
- Stewart Thomson, Graceland Updates 1. For the past few years, I've been suggesting that the world's ultra-wealthy investors have been buying enormous quantities of physical gold at a rate that overwhelms the commercial trader shorting on the COMEX.2. Please click here now. RT News highlights a wonderful chart produced by Goldman Sachs, and it likely proves that my theory is 100% cor...Read More
By: Ira EpsteinGold found support around $1,540. Pattern still bearish short-term, needs to get above $1,570. 18-DMA around $1538:Read More
On the face of it, the so called trade US-China trade deal looks a sham just to fool the voters. US treasury secretary has said that trade tariff's with China will be there until the second phase of the trade agreement. Trump's biggest vote bank is farming states. Energy companies have a history of funding Republicans. Chinese will be buying very large quantities to American farm produce and Ame...Read More
The Chinese steelmaking industry will focus on six key areas in 2020 to maintain its structured and orderly development, China Iron & Steel Association (Cisa) chairman Gao Xiangming said in a speech at a conference last weekend.These are meant to round out the final year of China's 13th Five-Year Plan and contribute to the stable growth and reform of the Chinese economy.1. Maintain stable, efficie...Read More
China's finished steel exports in December tumbled on a year-on-year basis despite being higher compared with a month earlier.For the whole of 2019, exports are also lower in comparison with 2018, according to...Read More
Hot-rolled coil prices in the United States continued to climb due to tightened supply in the domestic market, but buyers - who believed prices were doomed to go down - seemed reluctant to accept the higher prices, according to market participants.Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $30.91 per hundredweight ($618.20 per short ton) on Wednesday January 15,...Read More
Global tin premiums remained flat in the week ended Tuesday January 14, with European market participants maintaining lackluster demand against strong availability of ingots across the region, while both the domestic markets in both the United States and China have shown a slow pickup in demand to start the year.Strong warrant availability cools European ingot demandUS market sentiment gains tract...Read More
The three-month price of lead on the London Metal Exchange was higher at the close of trading on Wednesday January 15, climbing by more than 2.5% to close at its highest level since November 2019 amid high turnover, while a similar upswing in nickel futures saw the price breach nearby resistance.Lead's outright price on the LME closed at $1,999 per tonne on Wednesday afternoon, its highest settlem...Read More