PlungerI would like to put out a quick special report to update you on the big picture in light of all of the market turmoil and provide some of the concepts which may suggest where we are going from here.First off I you were reading these reports in the late summer of 2018 I put out a 3-part series on the Post Bubble Contraction (PBC). Well the PBC has now arrived. Of course it was virtuall...Read More

Trade very carefully today. Central banks are all out to prevent a big crash in stock markets. Crude oil and copper are bullish at the moment. I used to write a monthly column for a jewelry magazine in India between 2007 and 2012. (Now I do not write articles for any media other than www.goldseek.com). In one of the articles I had written that gold prices will crash when human's survival is ques...Read More

Here are five Fastmarkets stories you might have missed on Monday March 2 that are worth another look.The China Council for the Promotion of International Trade (CCPIT) has issued 1,615 force majeure certificates to businesses in China affected by the novel coronavirus (2019-nCOV) outbreak.The price of European aluminium ingot 226 continued to climb on Friday February 28 due to strong domesti...Read More

The China Council for the Promotion of International Trade (CCPIT) has issued 1,615 force majeure certificates to businesses in China affected by the novel coronavirus (2019-nCOV) outbreak.Local exporters that applied for the force majeure "legal shield" cover over 30 different sectors, according to a CCPIT announcement on its website on February 26. The legal provision is traditionally used...Read More

Here are five Fastmarkets stories you might have missed on Monday March 2 that are worth another look.The China Council for the Promotion of International Trade (CCPIT) has issued 1,615 force majeure certificates to businesses in China affected by the novel coronavirus (2019-nCOV) outbreak.The price of European aluminium ingot 226 continued to climb on Friday February 28 due to strong domesti...Read More

The Turkish steel producers have extended their absence from the deep-sea scrap markets in expectation of lower prices, but suppliers were holding firm, sources said on Monday March 2.After buying several cargoes in the first three weeks of February, the mills stepped back from purchase activity at the beginning of last week.The most recent deep-sea transactions had put the price of HMS 1&2 (80:20...Read More

The China Council for the Promotion of International Trade (CCPIT) has issued 1,615 force majeure certificates to businesses in China affected by the novel coronavirus (2019-nCOV) outbreak.Local exporters that applied for the force majeure "legal shield" cover over 30 different sectors, according to a CCPIT announcement on its website on February 26. The legal provision is traditionally used...Read More

China's official manufacturing purchasing managers index (PMI) slumped to 35.7 in February from 50 previously, but despite this the base metals are up across the board this morning, Monday March 2, and Asian equity indices are for the most part firmer too. The buoyancy seems to stem from expectations that central banks will continue to pump liquidity into their economies to cushion the economic bl...Read More

Today is Monday, March 2, 2020, and this is your daily gold market update. Let's look at the latest price of gold, value of the dollar, gold/silver ratio, Commitment of Traders data, and exchange-traded fund (ETF) prices to get a sense of how the yellow metal is faring today.Gold PriceThe price of one troy ounce of gold in U.S. dollars today is $1,601.85. It's up 1.01% from yesterday and up 23.91%...Read More

Today is Monday, March 2, 2020, and this is your daily energy stocks roundup. Today we're looking at the valuations of Valvoline (NYSE: VVV), ProPetro Holding Corporation (NYSE: PUMP), and Solaris Oilfield Infrastructure (NYSE: SOI).Valvoline (NYSE: VVV)Valvoline (NYSE: VVV) is a $3.641 billion company today with a one-year return of 3.78%. Let's look at its price-to-earnings (P/E) ratio, its ente...Read More

The price of oil took a one-two punch during the first two months of 2020, falling almost 26% year to date.And trading at just over $45 per barrel right now (a 14-month low), crude is a screaming buy.The first factor that sent oil plunging beginning this year was an expected oversupply. Late in 2019, the IEA said global crude inventories were expected to rise regardless of deals between OPEC and i...Read More

Here are five Fastmarkets stories you might have missed on Monday March 2 that are worth another look.The China Council for the Promotion of International Trade (CCPIT) has issued 1,615 force majeure certificates to businesses in China affected by the novel coronavirus (2019-nCOV) outbreak.The price of European aluminium ingot 226 continued to climb on Friday February 28 due to strong domesti...Read More

Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. Last week, the INK Canadian Insider Index went from notching 2020 highs to plunging a steep 127 points or 10.4% as US and world markets tumbled. The INK CIN did bounce off its intraday low on Friday of 1070.58 to close at 1095.92.MACD plunged 12.1 points to -15.36. RSI plunged a whopping...Read More

Domestic prices for hot-rolled coil in Europe were fairly stable day on day on Monday March 2, buoyed by a continued lack of competitive import offers, sources told Fastmarkets.Fastmarkets' daily steel hot-rolled coil index, domestic, ex-works Northern Europe, was ?,?484.55 ($534.22) per tonne on Monday March 2, down by ?,?0.35 per tonne day on day from ?,?484.90 per tonne on February 28.The index...Read More

The China Council for the Promotion of International Trade (CCPIT) has issued 1,615 force majeure certificates to businesses in China affected by the novel coronavirus (2019-nCOV) outbreak.Local exporters that applied for the force majeure "legal shield" cover over 30 different sectors, according to a CCPIT announcement on its website on February 26. The legal provision is traditionally used...Read More

With competition in the global steel markets remaining fierce, Fastmarkets provides an update on the new, progressing and closed trade cases from around the world in February 2020.The case list below includes only updates. For other continuing cases this year, see the...Read More

The D? 1/4 sseldorf wire and tube fair has been postponed due to the spread of the novel coronavirus (2019-nCoV), the fair organizer, Messe D? 1/4 sseldorf, said on Saturday February 29.The international trade fair for wire, cable, tube and pipe industries was due to take place on March 30 to April 3. "We are following the recommendation of the crisis management team of the German government to ta...Read More

Italy's novel coronavirus (2019-nCoV) outbreak has so far failed to disrupt steel output or shipments, but market participants are concerned it could have a negative impact on the wider economy and on steel demand, sources told Fastmarkets. The Italian authorities have quarantined some regions in the north of Italy to try and contain the outbreak, with 11 towns and villages in the Lombardy an...Read More

Here are five Fastmarkets stories you might have missed on Monday March 2 that are worth another look.The China Council for the Promotion of International Trade (CCPIT) has issued 1,615 force majeure certificates to businesses in China affected by the novel coronavirus (2019-nCOV) outbreak.The price of European aluminium ingot 226 continued to climb on Friday February 28 due to strong domesti...Read More

PlungerI would like to put out a quick special report to update you on the big picture in light of all of the market turmoil and provide some of the concepts which may suggest where we are going from here.First off I you were reading these reports in the late summer of 2018 I put out a 3-part series on the Post Bubble Contraction (PBC). Well the PBC has now arrived. Of course it was virtuall...Read More