- Gary TanashianI most often use linear scale charts for stocks, markets and indicators for their more absolute views. But in the case below we conjure up a long-term log scale chart showing the Gold/Silver Ratio (GSR) and the S&P 500 (SPX), as it works better in providing a percentage-based relationship between an indicator of market liquidity and inflation when declining and lack of liquid...Read More

The gold miners' stocks have spent the past half-year mired in a high consolidation. They haven't been able to break out, but aren't breaking down either. This technical purgatory is working to slowly bleed off overboughtness and rebalance sentiment. This necessary process to eradicate greed from the last upleg peak is never exciting. But today's low gold-miner valuations reveal great...Read More

Gary SavageI mentioned at the 2:00 mark that we would probably see an attack this morning. We did indeed get a major attack. A full days volume was thrown at gold before the market had even opened. The closer we get to the FOMC meeting the more dangerous these attacks will become. So I'm still waiting for a close above the Sept. high as confirmation the next leg has begun. (orig. published on J...Read More

Ray Dalio of Bridgewater via Quotefancy? + "Cash is trash" and investors should diversify and own gold as part of a diversified portfolio, world's largest hedge fund manager told CNBC (see news below) at Davos? + For the second time in as many weeks, the world's largest hedge fund, Bridgewater and its founder Dalio is encouraging investors to diversify into gold as a hedge? + The billionaire inv...Read More

By: Ira EpsteinGold bias up, a confused swingline. Gold technicals update:Read More

The buy-the-dips mentality has become so entrenched over the last few months that it's hard to imagine what could possibly derail the bull market. Wall Street feigned mild concern for a few hours over the spread of a deadly virus in China, but absent news that Americans are keeling over dead from it in their back yards, we can expect the broad averages to forge ever higher. The uptrend has bee...Read More

Hebei Iron and Steel Group (HBIS), also known as Hesteel Group, has secured a yuan-denominated contract to buy iron ore from Vale, China's second-biggest steelmaker said this week.The contract was signed on Monday January 20 according to an announcement on the HBIS website on Thursday, and is worth around 200 million yuan ($29 million).The...Read More

The majority of flat-steel import prices have remained stable week on week in South America, with March-shipment settlements closed and deal-making more scarce while the East Asia-facing market winds down for the lunar new year.Fastmarkets' price assessment for steel plate, import, cfr main ports South America, was $530-540 per tonne on Friday January 24, unchanged for the second consecutive week...Read More

Domestic prices for hot-rolled coil in Northern Europe have been fairly stable day on day but the mood in the market remained upbeat, sources told Fastmarkets on Friday January 24.Fastmarkets' daily steel hot-rolled coil index, domestic, ex-works Northern Europe, was ?,?460.81 ($510.25) per tonne on Friday, compared with ?,?461.18 per tonne on January 23.The index was based on deals and "workable"...Read More

Export prices of Brazil-origin slab remained unchanged in the week to Friday January 24, as deals were limited because most producers were sold out of March-shipment volumes.Fastmarkets' weekly price assessment for steel slab export, fob main port Brazil, stood at $430-450 per tonne on January 24, unchanged week on week.Brazilian steelmakers had already booked...Read More

Key data from the pricing sessions in Europe, Asia and the United States for the week ended Friday January 24.China Low-grade seaborne manganese ore prices ticked up with market participants expecting higher offer prices after the Chinese new year holiday, running January 24-30, while the high-grade market was stable. There was no liquidity reported, however, because of holiday absences. The ports...Read More

The latest bids, offers and deals in the global markets for rebar, wire rod, steel beams and other long steel products.Latest transaction: rebarRebarEast China, domestic, grade III 16-25mm...Read More

"...we expect to keep this long position active only for several days."by Przemyslaw Radomski via Sunshine ProfitsNot much happened yesterday and our yesterday's comments regarding long position in silver remain up-to-date. The white metal didn't soar immediately, but that doesn't change anything. Before, we proceed with commenting on yesterday's price moves and discussing the current short-t...Read More

Great performance doesn't mean they are better than silver and gold, though...by Matt From Silver Fortune via Silver FortuneGreat performance doesn't mean they are better than silver and gold, though. Read More

The three-month price of nickel on the London Metal Exchange was lower at the close of trading on Friday January 24, losing more than 3% and sinking below nearby support to close at its lowest level in six months, while tin futures also struggled over the afternoon.Nickel's outright price on the LME settled at $12,950 per tonne on Friday afternoon, losing more than 9% since starting the week when...Read More

Seaborne iron ore prices were rangebound on Friday January 24 while the week-long Chinese New Year holiday starts, but market participants who were still working believe that the outlook is bearish with the ongoing fears of the coronavirus not being contained.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $93.71 per tonne, up $0.27 per tonne.62% Fe Pilbara Blend fines, cfr Qingdao: $92.75...Read More

The three-month nickel price on the London Metal Exchange was lower during morning trading on Friday January 24, with price action continuing its descent against consistent inflows, while copper futures found support back above nearby resistance. Nickel's outright price on the LME was recently seen at $13,285 per tonne, 0.7% below Thursday's closing price of $13,350 with just 536 lots exchanged as...Read More

Pig iron import prices in the United States have softened under a bearish mood in the scrap market, sources told Fastmarkets on Friday January 24.Fastmarkets' price assessment for pig iron, import, cfr Gulf of Mexico, US, was $345-350 per tonne on Friday, widening downward from $350 per tonne a week earlier.Several bookings of Russia-origin material were heard at $345-348 per tonne cfr. "Deal...Read More

The three-month price of nickel on the London Metal Exchange was lower at the close of trading on Friday January 24, losing more than 3% and sinking below nearby support to close at its lowest level in six months, while tin futures also struggled over the afternoon.Nickel's outright price on the LME settled at $12,950 per tonne on Friday afternoon, losing more than 9% since starting the week when...Read More

Lingering demand from Asia caused prices for some aluminium scrap grades in the United States to climb again this past week despite the Lunar New Year holiday, celebrated January 24-30."Export is very strong right now and that's impacting what's available domestically. You have consumers like us who are trying to buy scrap, and the price is really high," one US-based consumer said.Particular inter...Read More