How Black Friday has been a signal for stocks in the past 30 years Thanksgiving is upon us tomorrow, followed by one of the busiest shopping days of the year. Black Friday, evidently, isn't necessarily the busiest shopping day of the year as retailers run deals earlier and online shopping has become more popular. It still marks the unofficial beginning of holiday shopping. Next week, reports of Bl...Read More

Anglo American has sold a 12% interest in the Grosvenor coal mine in Queensland, Australia, to a consortium of Japanese companies, including steelmaker Nippon Steel, it said on Wednesday November 27.Under the terms of the agreement, which is subject to a number of conditions prior to completion, Anglo American will receive cash proceeds of approximately $141 million in respect of the 12% minority...Read More

Global crude steel production totaled 151.49 million tonnes in October, down by 2.8% from the same month a year earlier, according to data released by the World Steel Association (Worldsteel) on Tuesday November 26.Chinese steelmakers contributed 81.52 million tonnes to that amount, a decrease of 0.6% from the 82.01 million tonnes they produced in October 2018.Indian...Read More

An overview of the minor metals markets and their latest price moves.Read More

Gary Christenson, The Deviant InvestorInvestopedia says, "In the United States, the Federal Reserve acts as the lender of last resort to institutions that do not have any other means of borrowing, and whose failure to obtain credit would dramatically affect the economy."The Fed has created $billions in the past ten weeks (more on the way) and fed those billions into troubled banks, hedge fund...Read More

Stewart Thomson 1. With India's titanic physical market now switching from a price discount to a premium, the door is open for the end of gold's healthy and graceful price reaction.2. Please click here now. Double-click to enlarge this daily chart.3. A beautiful bull wedge pattern has formed. A week ago, I suggested gold would stall at $1480 minor resistance and an ensuing dec...Read More

Jordan Roy-Byrne CMT, MFTAThe precious metals sector remains in a correction. The miners have shown some positive signs but are not ready to move yet because the metals likely have more correction ahead.Technical support levels can provide us with low risk buy opportunities but combine that with sentiment data and we increase our odds of success.One reason why the sector is stuck in a correction...Read More

By: Ira EpsteinGold could see another wave to the downside if the low of yesterday does not hold:Read More

The range trade in gold and silver which has been there in November will be broken in December. Volatility will rise. A new trend should be formed in December. I expect the US dollar Index to crash. Brexit, US jobs numbers and actual signing of the US-China trade deal should be market mover or market shaker in December. Gold managed to trade over $1448 and needs to trade over $1448 to try and ri...Read More

Key data from the November 27 pricing session in London. Key drivers: - Cobalt prices continue to come under pressure while traders seek to destock ahead of the end of the year.- Spot inquiries are scant,...Read More

The three-month nickel price on the London Metal Exchange was lower at the close of trading on Wednesday November 27, falling by a little more than 1% on thin turnover, while strength in the US economy did little to boost risk-off sentiment toward the base metals complex.Nickel's underlying price on the LME closed at $14,380 per tonne on Wednesday afternoon, falling from an intraday high of $14,57...Read More

Premiums have fallen in the United States over the past week on a year-end push for sales while rates in China are mixed and those in Europe are flat. US starts holiday season with briquette sell-offShanghai bonded-zone full-cathode premium declinesLittle spot trade in Europe so assessments unchangedDownturn for US premiums Nickel reversed lower in the US largely because an aggressively low, overs...Read More

Here are five Fastmarkets MB stories you might have missed on Wednesday November 27 that are worth another look.Brazilian steelmaker Gerdau has agreed to buy 96.4% of Sider??rgica Latino-Americana (Silat) shares from Spanish group Hierros A????n for $110.8 million, in a shift from its divestment strategy of the past four years.Shifting London Metal Exchange zinc and lead prices have dictated premi...Read More

Christopher Lewis9 hours ago (Nov 27, 2019 4:18 PM GMT)Gold markets initially fell during the trading session on Wednesday, reaching down towards the $1450 level. This is an area that has offered support recently, and the trading session on Wednesday was no different. We ended up forming a somewhat bullish looking candle, and it should be noted that we are about halfway between the 50 day EMA and...Read More

The three-month nickel price on the London Metal Exchange was lower at the close of trading on Wednesday November 27, falling by a little more than 1% on thin turnover, while strength in the US economy did little to boost risk-off sentiment toward the base metals complex.Nickel's underlying price on the LME closed at $14,380 per tonne on Wednesday afternoon, falling from an intraday high of $14,57...Read More

The London Metal Exchange's cash-settled alumina futures contract, which is settled against a basket of prices that includes Fastmarkets' index, has seen a flurry of activity on the January 2020 prompt date.Four trades had taken place as of 11am London time on Wednesday November 27. Three separate trades of 10 lots on the January 2020 date at $290 per tonne, while another 10 lots traded for May 20...Read More

Base metals traded lower in the morning session on the London Metal Exchange on Wednesday November 27, shrugging off any residual positive sentiment from the renewed US-Sino trade-talk optimism that led the Dow Jones index to fresh highs yesterday."Wall Street closed at fresh highs yesterday, as both the United States and China spoke positively that a phase one limited trade deal is imminent. Chin...Read More

Copper has attempted to rebound since early September following a marked sell-off in the summer months where macro and fundamental forces have been prevalent.On the macro front, copper has benefited from a slight easing in US-China trade tensions and more monetary policy easing across the globe - including China, where copper consumption is the most exposed - that has shored up investor sentiment....Read More

A couple million more reasons to be bullish on precious metals...by Matt From Silver Fortune via Silver FortuneA couple million more reasons to be bullish on precious metals. Read More

A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday November 27.Please click...Read More