The inter-merchant spot price for light iron scrap in the United Kingdom was steady in the week ended Friday December 20, consolidating gains of ?15 per tonne made over the month.A solid increase in European steel scrap export prices has been support to the British market.The UK market, both on an inter-merchants level and to steel mills, has been strengthening over the fourth quarter - exporters...Read More

The price of ferrous scrap imported into India increased this week as traders hold on to their material in the hope of achieving higher sales in January, sources told Fastmarkets on Friday December 20.Fastmarkets' steel scrap, shredded, index, import, cfr Nhava Sheva was $296.05 per tonne on Friday, up from $290.75 per tonne a week earlier.Deals were heard for shredded at $290 and $300 per tonne f...Read More

Police departments around the country are warning car owners about a resurgence in a particularly annoying and costly crime for victims: catalytic converter thefts.In the past four weeks alone, police officials in at least 11 states from Delaware to California have cautioned car owners about an increase in reports of stolen catalytic converters and offered measures to help prevent thefts. And this...Read More

An overview of the battery raw materials markets and their latest price moves.Read More

South American flat-steel import prices continued to rise in line with the global uptrend this week, but mainly because most February-shipment deals have now been settled, sources told Fastmarkets.Fastmarkets price assessment for steel hot-rolled coil import, cfr main ports was $515-525 per tonne on Friday December 20, up from $500-515 per tonne a week earlier.Sales to the Pacific coast close...Read More

Domestic prices for hot-rolled coil in Northern Europe have been largely stable day on day on Friday December 20, following a substantial increase over the week, sources told Fastmarkets.Fastmarkets' daily steel hot-rolled coil index domestic, ex-works Northern Europe was at ?,?439.39 ($488.79) per tonne on Friday December 20 compared with ?,?439.24 per tonne on Thursday.The calculation of the ind...Read More

Turkish prices for hot-dipped galvanized coil (HDG), and color-coated coil or pre-painted galvanized iron (PPGI), were stable in the week to Friday December 20 amid moderate demand, sources told Fastmarkets.Domestic pricesDemand in Turkey's local market slowed this week ahead of the year-end because buyers had already placed their orders earlier in December, sources said.Most producers have filled...Read More

Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 344,49358,218114,165202,432521,051661,090693,434 Change from Prior Reporting Period 15,324-3112,756-94215,39427,13828,119 Traders 21062725555290167 Small Speculators LongShortOpen Interest 55,89723,553716,987 -154-1,13526,984 non reportable positionsChang...Read More

The gold miners' stocks have suffered a lackluster few months. That's a disheartening contrast to their powerful summer upleg on gold's bull-market breakout. While this healthy gold-stock correction likely isn't over yet, the gold miners remain very undervalued relative to the metal they produce. That means they still have massive upside left in this secular gold bull. Sentiment just n...Read More

Jordan Roy-Byrne CMT, MFTAIn recent weeks we've noted the positive developments in the gold stocks despite the sector being in a period of correction. Last week we shared the idea that the next impulsive move in gold stocks might begin when the correction in the metals ends. In this article, I'm going to share the one chart which I think will help us time that next move higher. In recent year...Read More

By: Ira EpsteinGold remains under the 18 week moving average, but had a good day yesterday..Read More

Do not think of 2020. Just focus on end January. January is significant for three reasons for financial markets (a) Trump and his impeachment proceedings (b) Chinese New year is around 25th January. Chinese retail demand numbers and Chinese demand for gold and silver will be the key. (c) Brexit and increase or decrease in global mass unrest in India, Hongkong etc. At this point all these factors...Read More

Indian domestic secondary billet prices rose by 1,400 rupees ($20) per tonne in the week ending December 20 on the rising cost of directly reduced iron (DRI), the main raw material used by Indian secondary billet makers.The price of steel billet domestic, ex-works India was assessed by Fastmarkets on December 20 increased by 1,400 rupees per tonne to 27,400-27,600 rupees per tonne compar...Read More

The Polish domestic rebar price picked up slightly over the week and producers are targeting further price rises, market sources told Fastmarkets on Friday December 20.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), domestic, ex-works Poland narrowed on the top end of the range to 2,000-2,030 zloty ($522-530) per tonne on Friday, compared with 1,980-2,030...Read More

Next year's macroeconomic growth forecast will not be strong, but as long as the Federal Reserve remains accommodative, equities can remain high, this according to best-selling author Jim Rickards."[Some analysts] give recession almost a 0% chance in the next six months, and I agree with that, probably not even more than a 30% chance," Rickards told Kitco News.Jim Rickards is a lawyer, investment...Read More

Eric Sprott discusses the year end price action in the precious metals and answers listener questions regarding some specific mining companies.Eric Sprott has more than 40 years of experience in the investment industry. In 1981, he founded Sprott Securities (now called Cormark Securities Inc.), which today is one of Canada's largest independently owned securities firms. In 2001, Eric established S...Read More

Harley Schlanger's work can be found at LaRouchePAC.com.Read More

A explosive new opinion piece in the NY Times aims to demonstrate that detailed smartphone tracking is far more ubiquitous than many think, despite the ongoing claims by companies that people's data is "anonymous". Continue...Read More

The only areas where Wikipedia may be accurate are where the topics have nothing to do with a political agenda. Where there are any controversial political topics, current events, conspiracy theories, and Continue...Read More

Erik Townsend and Patrick Ceresna welcome Jim Bianco to MacroVoices. They discuss Jim's views on Zoltan Pozsar's theory of repo dislocation, if QE4 is imminent in the near future and what's on the horizon for the bond market and the fixed income marketRead More