Hot-rolled coil prices in Asia have continued upward this past week to surpass $500 per tonne cfr Vietnam amid stable demand and increases in offers from sellers.Fastmarkets' assessment for steel HRC import, cfr Vietnam, which mainly looks at Chinese 2-3mm re-rolling-grade SAE1006 HRC and equivalent products sold into Vietnam, was $500-505 per tonne cfr for the week ending Monday December 30, up b...Read More

Today is Monday, December 30, 2019, and this is your daily oil stocks roundup. Today we're looking at the valuations of Diamondback Energy (NASDAQ: FANG), BP (NYSE: BP), and CNOOC (NYSE: CEO).Diamondback Energy (NASDAQ: FANG)Diamondback Energy (NASDAQ: FANG) is a $1.467 billion company today with a one-year return of -2.27%. Let's look at its price-to-earnings (P/E) ratio, its enterprise-value-to-...Read More

China's hot-rolled coil prices were largely stable on Monday December 30, but trading picked up domestically after mills in the north of the country lowered their offers.DomesticEastern China (Shanghai): 3,900-3,910 yuan ($558-510) per tonne, unchangedNorthern China (Tangshan): 3,630-3,640 yuan per tonne, widening downward 10 yuan per tonneWhile trading in Shanghai was moderate amid stab...Read More

In the last episode this year of The One Thing, Drew looks back at the most important themes they covered in 2019, from investment process to trade war. This episode contains short clips from guests such as short-seller Marc Cohodes along with some regular Real Vision contributors who will likely be back in 2020 to pick up from where they left off on topics from China to recession watch.Start t...Read More

The price of oil rallied this morning, topping $62 per barrel after a strong dip in the U.S. dollar and a larger-than-expected draw from inventories on Friday.This put crude for February delivery at a three-month high. But we should probably hold off on the celebration planning for now.The geopolitical tennis match between Washington and Beijing landed in favor of a trade deal last week. As a resu...Read More

Fastmarkets reviews how much of the EU safeguarding import quota allowances for hollow sections has been used and by who, with an estimation of when they will be exhausted country by country at the current usage rates. Read More

China's rebar prices continued to gain on Monday December 30 following a rise in the futures market, which boosted trading in the east of the country.DomesticEastern China (Shanghai): 3,680-3,720 yuan ($526-532) per tonne, up 40-50 yuan per tonneNorthern China (Beijing): 3,550-3,570 yuan per tonne, up 40-50 yuan per tonneA Shanghai-based trader said sentiment in the spot market was lifte...Read More

Import prices for rebar in Singapore were unchanged over the past week amid limited trading activity due to the year-end holiday season. Fastmarkets' weekly price assessment for steel reinforcing bar (rebar) import, cfr Singapore, which mainly looks at cargoes sold into Singapore on a theoretical-weight basis, was $445-450 per tonne for the week to Monday December 30, flat from a week earlier."The...Read More

The Turkish deep-sea scrap import markets remained silent at the beginning of the week due to the year-end holidays, sources told Fastmarkets on Monday December 30.The most recent deep-sea scrap cargo was booked on December 20 at $303 per tonne cfr for HMS 1&2 (80:20) from the Baltic Sea region.Since the...Read More

Ferrous scrap prices in most global markets continued to increase in the week ended Friday December 27 despite the traditional slowdown in trading during the festive periods. Turkey paused scrap imports amid holidays  United States scrap export offers increased on both coasts  Prices in Taiwan edge up despite weak trading  Upturn in global markets drags up Indian prices Turkey Tur...Read More

Physical iron ore prices were generally rangebound on Monday December 30, with low-alumina fines continuing to outperform.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $91.08 per tonne, down $0.43 per tonne.62% Fe Pilbara Blend fines, cfr Qingdao: $90.17 per tonne, down $0.43 per tonne.62% Fe low-alumina fines, cfr Qingdao: $91.34 per tonne, down $0.31 per tonne.58% Fe fine...Read More

Trading activity in the major global billet markets was reduced in the week ended Friday December 27 due to participants being away for the Christmas and New Year festive season. Southeast Asia "It is likely that market activity will resume only after the New Year holiday and the market is very quiet now," a buyer source in Southeast Asia said. Offers of billet from Russia, India, Oman and Qatar w...Read More

Keith Weiner, Monetary MetalsWe have spilled barrels of electronic ink, making the point that central banks are wreaking havoc. They hurt the poor, the middle class, and the rich. They hurt the wage earners, the business owners, the investors (aka the "rentiers"), and the pensioners. They have variously inflicted rising interest rates, too-high rates, falling rates, and too-low rates. They have...Read More

StrengthsThe best performing metal this week was platinum, up 3.85 percent, with silver and palladium just trailing. Gold traders and analysts were overwhelmingly bullish on their outlook for the yellow metal in the weekly Bloomberg survey. Sentiment was bolstered as gold cracked back above $1,500 per ounce. Gold hit a seven-week high despite comments by President Trump that a trade deal signi...Read More

Craig HemkeWith just one, holiday-shortened day to go, it appears that Comex gold and silver will actually finish 2019 with "the best annual gains since 2010". That was a bold forecast when we made it back in January. That it has turned out correct brings more relief than satisfaction.As we move to wrap up 2019, here's one last look at this year's primary guide. Recall that we had "The Generally...Read More

David HaggithAfter two years of this third experiment with trickle-down economics via the Trump Tax Cuts, we should have enough data to get an unbiased, factual view of the results. The following is going to be a short-and-sweet stroll down memory lane in pictures.The Trump Tax Cuts got us exactly the same GDP growth rate trend we've had for decades:They got us exactly the same decline in corpor...Read More

By: Gary SavageSo many gold analysts have no idea what they are doing. So many people missed the baby bull. Gold miners are leading..http://blog.smartmoneytrackerpremium.com/Read More

- Gary Christenson, Deviant InvestorBreaking news: Silver briefly reached $18.00 and closed at $17.85. The DOW rose again to 28,645.Inflation, Deflation, Stagflation, and Hyperinflation? So What?Inflation: The banking cartel demands inflation of the currency supply. The cartel encourages massive debt and collects the interest and fees. They want inflation because it increases debt and repayme...Read More

Gold is now a major bullmarket as evidenced by its strong breakout from a giant 6-year long base pattern in August. The larger trend is up. We had thought that it might react back closer to the breakout point before turning higher again, but it didn't, and started higher again in recent days over the Christmas period. This is a sign of greater strength.There is a broad array of fundamental reaso...Read More

Party hard and party late till 1st January. Comeback relaxed with a vengeance to trade and invest. With Insignia Consultants good times will always last. Thank you everyone for your support year too. Since founding "Inisgnia Consultants" in May 2003, I have been making changing changes (every year) to ensure that our clients are updated with all the information to make maximum profit. "To err is...Read More