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

Crude oil futures extended gains,breaking above the upper border of the rising green trend channel duringyesterday’s session. This upswing took the futures right to the red gap. Let’ssee how this has reflected upon the daily indicators. They look quite extended, suggestingthat the space for additional gains may be limited and that a reversal is probably just around thecorner. Should it...Read More

The European Commission (EC) is planning to again review its safeguard measures for hot-dipped galvanized (HDG) flat steel destined for the automotive sector, market sources told Fastmarkets this week.In the definitive measures for metallic-coated sheets (product category 4), the EC split the product category into two sub-categories, 4A and 4B, with the automotive sector mainly consuming...Read More

The benchmark three-month nickel price on the London Metal Exchange was the standout of the base metals complex, continuing to edge higher at the close on Monday December 30 and ignoring rising stock levels. The nickel price closed at $14,315 per tonne, up $105 from Friday's close. It traded in a $200 range throughout the day, earlier hitting a high of $14,365 per tonne. Despite being the only bas...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

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

The domestic price of hot-rolled coil in Northern Europe was stable on Monday December 30 due to limited trading activity, sources told Fastmarkets.Fastmarkets' daily steel hot-rolled coil index domestic, exw Northern Europe was unchanged at ?,?439.39 ($492.16) per tonne on December 30 in slow market conditions.The calculation of the index was based on the...Read More

Here are five Fastmarkets MB stories you might have missed on Monday December 30 that are worth another look.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.The benchmark premium paid for the supply of aluminium to main Japanese p...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

A string of long-term deals for cobalt hydroxide show that bullish forecasts for cobalt consumption from the electric vehicle (EV) sector are coming into play. Glencore will supply battery manufacturer SK Innovation with up to 30,000 tonnes of cobalt contained in hydroxide over six years, it said last week - a deal worth about $1 billion in today's market. And other deals also point...Read More

If you are a producer or consumer, or are active in the physical markets, then you had better be aware of a new set of regulations that will make it all the more important for you to choose the right logistics partner from next year.The International Maritime Organization (IMO) has ruled that from January 1, 2020, the marine sector will have to reduce sulfur emissions by more than 80% by switching...Read More

Most major aluminium producers agree that tackling the carbon intensity of the smelting process is one of the biggest challenges facing their industry. What they cannot agree on is how to deal with the situation, as a lively panel hosted by Fastmarkets during LME Week at the end of October showed. Aluminium smelting is an energy-intensive business and the market is starting to differentiate b...Read More