Sabic Hadeed expects local steel consumption to increase gradually over the next 10 years thanks to stronger demand from the private sector and not only via government spending or the oil sector, the state-owned Saudi Arabian steel producer said at Fastmarkets' Middle East Iron and Steel conference in Dubai last week.Consumption of steel including rebar, wire rod and flat products, in Saudi Arabia...Read More

Prices for steel billet imported to the United Arab Emirates have increased slightly over the past week amid strong demand, market sources said on Tuesday December 17.Market participants in the UAE expect prices to increase further due to the global rise in production costs and low stock levels in the country.Local rebar producers will announce new prices around December 20 and expectations are fo...Read More

Fastmarkets' Middle East Iron and Steel 2019 event brought together hundreds of the region's top industry executives for meetings, panels, seminars and more this month in Dubai.Delegates left the conference armed with valuable insight to better navigate the industry waters made turbulent by safeguards and other protectionist policies. Participants heard calls from the Turkish steel industry for a...Read More

Stewart Thomson, Graceland Updates 1. The amount of debt in both China and the United States is horrifying and it continues to grow. 2. Debt growth is worshipped by millions of people who think it is a cure rather than a disease. 3. Please click here now. Until the trade war began, the Chinese government was pressuring the country's private sector to reduce...Read More

Stefan Gleason, Money MetalsGold and silver prices remain mired in weeks-long trading ranges. They are essentially moving sideways - for now.Precious metals mining stocks, however, are moving up. The chart of the HUI gold miners index shows an uptrend in place since mid October.The HUI has traded above its 50-day moving average for several days in a row. The 50-day line itself is now also curlin...Read More

By: Ira EpsteinGold needs to hold $1,450 area and break $1,490 area to get bullish:Read More

Economic news will be the key for now. Hedge funds and others are increasing their allocation to stocks for the first quarter of next year. It remains to be seen if gold ETF and gold investment demand see significant outflows. At current prices, I am against new very short term investment in gold. Silver use any 100-150 fall (if any) to invest. TODAY: It is wait and watch trade for gold, crude o...Read More

Turkish steel mills made no fresh deep-sea transactions on Tuesday December 17, with prices remaining stable, market sources said.Mills started the week by booking two Baltic Sea cargoes on Monday for February shipment.A steel mill in northern Turkey booked a Baltic Sea cargo comprising 10,000 tonnes of HMS 1&2 (80:20) at $299 per tonne cfr, 15,000 tonnes of shredded at $304 per tonne cfr, and 3,5...Read More

Indonesian ferrous scrap buyers are still cautious about purchasing imported cargoes even after state-owned surveyor KSO Sucofindo resumed inspections this week."Some traders are rushing to buy cargoes to supply Indonesian customers again but not all buyers are in the market yet," an industry source in Singapore told Fastmarkets on Tuesday December 17.Negotiations for containerized ferrous scrap i...Read More

Prices for steel billet imported to the United Arab Emirates have increased slightly over the past week amid strong demand, market sources said on Tuesday December 17.Market participants in the UAE expect prices to increase further due to the global rise in production costs and low stock levels in the country.Local rebar producers will announce new prices around December 20 and expectations are fo...Read More

After years of lopsided influences impacting the COMEX price of gold and silver, recent data may signal that the tables are turning at long last. Legendary Silver analyst Ted Butler returns to Finance and Liberty and Reluctant Preppers to share surprising insights from his latest research and why we need to be positioned now for what comes next. Theodore Butler is an independent silver analyst who...Read More

Did you know that holdings in gold ETFs have been spiking?This chart kicks off video #7 with Mike Maloney of GoldSilver and Ronnie Stoeferle of the In Gold We Trust report... it shows the renewed interest in gold from investors around the world. You can see that the light blue area, which represents European ETFs, has expanded the most.To Ronnie the jump in ETF holdings means gold is on its way to...Read More

Risks that were overhanging the market are all coming to pass. Brexit gets reaffirmed. Trade deal with China. Getting rid of some tarrifs. The Fed came out and announced stready as she goes, no rate hikes or cuts down the pike. Or at least until so-called inflation passes two percent, which it never will because the real rate of inflation is way higher than the stated rate.John Rubino is the found...Read More

REPO Madness is beginning to make the 2008 financial crisis look like a walk in the park. The FED is backstopping the panic for liquidity in the overnight REPO market with more than $1 Trillion, the panic money printing is happening NOW. Bix Weir has 30 years' experience in the financial industry with various fortune 500 companies. He is the creator of the "Road to Roota Theory" and his commentary...Read More

Jordan Roy-Byrne is quite optimistic about miner's stocks performance for the coming year. The GDXJ and other indicators are pointing positive even in the face of stagnant gold and silver prices. The silver miners are doing even better. And it appears that while prices could go lower, they're in a trading that could see major advances end of Q4 to middle of Q1. While past is not always prologue, t...Read More

The U.S. stock market continues to add to its gains; the Dow Jones is up another 100 points today - a new record high: 28,235.89. We were up better than 200 points at one point in the day, but all the indexes are hitting new 52-week, or record highs. Basically, we continue to bask in the light of the U.S. China Trade Deal that on Friday, we finally got news that the rumors of a trade deal were act...Read More

Lee goes over the highlights of Project Censored's list of the top 25 censored stories from 2019.Read More

Such dangerous hypocrisy must be fully exposed, so that the potential for peace which exists is not sabotaged by the lunatics issuing the marching orders to Pelosi and her gang.Continue...Read More

The global fixed income market has reached such a manic state that junk bond yields now trade at a much lower rate than where investment-grade debt once stood. Investment-grade corporate debt yields were closeContinue...Read More

Herbert Stein, a prominent economist and adviser to presidents Richard Nixon and Gerald Ford, once remarked, "If something cannot go on forever, it will stop." The fact that his remark is obvious makes it no less Continue...Read More