Domestic prices for hot-rolled coil in Northern Europe have moved up day on day, supported by good order books at mills and a lack of competitive imports, sources told Fastmarkets on Wednesday February 19.Fastmarkets' daily steel hot-rolled coil index, domestic, ex-works Northern Europe, was calculated at ?,?481.25 ($520.53) per tonne on February 19, up by ?,?0.94 per tonne from ?,?480.31 per tonn...Read More

Exporters of Chinese hot-rolled coil lowered their offers further to stimulate sales amid high inventory levels despite a relatively stable domestic market on Wednesday February 19.DomesticEastern China (Shanghai): 3,480-3,490 yuan ($497-499) per tonne, narrowing upward by 10 yuan per tonneNorthern China (Tangshan): 3,230 yuan per tonne, unchangedA Shanghai-based trader said prices in the city nar...Read More

Here is what's new today on INK Ultra Money. Canadian Insider Club Ultra members have access to both premium and free content. If you are asked to sign in, select Canadian Insider as your subscription website.1. The risks of ignoring cryptos - Real Vision The oldest millennials have already begun to turn forty - amid a backdrop of dismal yields and a black hole of unfunded pension liabilities,...Read More

Over the weekend, INK Ultra Money Free released two free video morning report summaries. The first looks at NovaGold (NG) which is up almost 150% over the past year. While we have seen some insider selling, INK explains that it could be a mistake to view that as a negative sign.Big dreams are a few steps closerThe second release s the video summary of the morning report featured in the February 1...Read More

Here are five Fastmarkets stories you might have missed on Wednesday February 19 that are worth another look.Chinese wire rod producers are keeping export offers stable on expectations of improved demand in April, market sources told Fastmarkets, which kept prices flat in the past week amid sparse trading.Primary aluminium stocks at the three main Japanese ports (MJP) of Osaka, Nagoya and Yokohama...Read More

Wire rod prices in the United States are stable after February's scrap decline halted the upward trajectory recorded over the past three months, but extended lead times and increased demand have sparked optimism among market participants. Fastmarkets' price assessment for steel wire rod (low carbon) industrial quality, fob mill US was at $31-32 per hundredweight ($620-640 per short ton) on Tuesday...Read More

The price of steel mesh-quality wire rod in the European domestic markets was unchanged this week with most market participants focusing on trading steel rebar instead, sources told Fastmarkets on Wednesday February 19.In addition, the influence on wire rod prices exerted by prices for ferrous scrap, the feedstock material, was unclear because lower monthly European scrap prices contrasted with ri...Read More

The Turkish steel mills have continued to book deep-sea scrap for March shipments at slightly higher prices, sources said on Wednesday February 19.A steel mill in the Marmara region booked a Baltic Sea cargo, comprising 9,000 tonnes of HMS 1&2 (80:20) at $279 per tonne, 15,000 tonnes of shredded at $284 per tonne and 6,000 tonnes of bonus at $289 per tonne cfr.The same mill booked a second Baltic...Read More

Japanese ferrous scrap export prices have risen over the past week amid tightening supplies and healthy demand from Vietnamese buyers, sources in Japan told Fastmarkets.Fastmarkets' inaugural price assessment for steel scrap H2 export, fob main port Japan was ?24,000-24,500 ($219-223) per tonne fob Tokyo Bay on February 19, up by around ?500-1,000 per tonne from prices heard last week. In t...Read More

Seaborne iron ore prices were rangebound on Wednesday February 19 amid a murky short-term outlook for demand.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $90 per tonne, down $0.18 per tonne.62% Fe Pilbara Blend fines, cfr Qingdao: $89.33 per tonne, down $0.18 per tonne.62% Fe low-alumina fines, cfr Qingdao: $91.16 per tonne, down $0.04 per tonne.58% Fe fines high-premium, cfr Qingdao: $7...Read More

Gary Christenson, The Deviant InvestorSince 2009 stocks have risen into a bubble fueled by inexpensive debt, buybacks and QE. Most commodities have not matched the price increases. Palladium is an exception more later.The ratio of the commodity index to the S&P 500 Index sits at a historic low. Commodity prices are relatively low, and the S&P 500 is too high. That ratio will reverse.WHY? The b...Read More

StrengthsThe best performing metal this week was palladium, up 4.91 percent as hedge funds cut their bullish positions to a 17-month low. January's 22 percent slump in China's car sales could dampen demand short-term. Federal Reserve Chairman Jerome Powell testified before Congress this week and commented that "low rates are not really a choice anymore, they are a fact of reality." Powell sugg...Read More

Keith Weiner, Monetary MetalsThe price of gold rose $14 and the price of silver fell $0.07. The gold-silver ratio rose further with this price action.Welcome to our new Gold and Silver Market Report, or "Market Report" for short. We are separating this from the economics essay, which was attached for many years. As they used to say in many toy commercials of yore, "batteries sold separately" or...Read More

- RambusOver the last few weeks or so I've been writing a lot on the critical inflection point the PM complex was showing us. Today's price action is an important step in confirming the potential bullish outcome. There is still more work to be done from a longer term perspective but its one step at a time until total confirmation is attained.Lets start with the daily line combo chart we've bee...Read More

By: Ira EpsteinGold still needs to take out the missile day highs. Gold looking bullish with upside bias..Read More

Gold broke past $1600 after World Health Organization had cautioned there was not yet enough data to know if the epidemic had slowed. World Health Organization (WHO) Director-General said Chinese data "appears to show a decline in new cases" but any apparent trend "must be interpreted very cautiously." Russia said it will suspend entry of many Chinese citizens. Corporate profitability will be af...Read More

To Watch Update #25, CLICK HEREThe world is now watching closely to see if the coronavirus is indeed poised to accelerate outside of China. In yesterday's video, we warned that the coming two weeks will be crucial in determining how bad the pandemic will be. The early results are not encouraging. New cases continue to climb in the rest of Asia - Japan, Korea and Singapore are being hit hardest. An...Read More

Michael Pento joined us on a day when gold broke $1600 and silver broke $18. What could be the cause of such a move? Perhaps it was Nanny Michael Bloomberg's pledge to tax Wall Street to the hilt. Or perhaps another Black Swan is getting ready to come public. One thing is for certain, the Fed has gone totally over the top on money printing and monetizing the debt. It can never allow interest rates...Read More

Bill Murphy is a former American professional football player, financial commentator, and the chairman and director of the Gold Anti-Trust Action Committee (GATA), which was founded as a result of Murphy's essays on collusion among large financial institutions to suppress the price of precious metals. Murphy believes the price of gold is artificially low and has spent years lobbying the U.S. gover...Read More

The 2020 Sprott Natural Resource Symposium (SprottConference.com) is pleased to welcome John Hathaway, the distinguished portfolio manager of the Sprott Gold Equity Fund (formerly, the Tocqueville Gold Fund) as a keynote presenter at this year's event in Vancouver. Sprott acquired the Tocqueville Gold Strategies in January 2020, combining the strengths of two precious metals industry leaders, and...Read More