- Stewart Thomson, Graceland Updates 1. Top US politicians describe the US economy as the "mightiest of all time". 2. Please click here now. Houston, we have a problem! The next tariff tax deadline is now only about three weeks away. 3. While Trump's diehard fans may want him to hike these taxes again if China doesn't "play ball", massive FOREX liquidity fl...Read More
By: Ira EpsteinGold formally ended a downtrend phase. $1,456.60 is swingline support short-term..Read More
A Wall Street Journal report said an impasse between the U.S. and China might thwart the "phase one" dealStock futures are pointing lower today after the Wall Street Journal said recent trade talks between the U.S. and China could soon come to an "impasse," which could stop the much-anticipated phase one agreement from happening. This comes shortly after President Donald Trump's threat to raise ta...Read More
Brazilian miner Vale has diversified its iron ore sales to yuan-denominated futures contract pricing, which is the first time for global miners to use such pricing.Vale's Shanghai branch has signed a deal with the trading arm of Shandong Laigang Yongfeng Steel for a Qingdao-port-delivered cargo of Brazilian Blend fines to be priced against the May 2020 iron ore futures contract on China's Dalian C...Read More
A look at how stocks perform when the 20-day historical volatility falls below 5%The S&P 500 Index (SPX) has been grinding higher for several weeks now. With the slow grind, the 20-day historical volatility (HV) is on the verge of falling below 5% -- a rare feat. Low volatility usually corresponds to positive returns, and with the S&P 500 up six straight weeks, this time is no different. This week...Read More
Ifyou live in the UK and are interested in cannabis seeds, it is not always clearwhat is within the limits of the law and what is not. You might wonder forexample: is it legal to order cannabis seeds in the UK through this web shop orvia cannabis seed companies like Vault, Gorilla and Attitude seed bank? Theshort answer to that question is: Yes. It is legal to order and own cannabisseeds in the UK...Read More
Improved sentiment has taken hold in the European hot-rolled coil market, but so far domestic prices have recovered only in Italy while those in the the North of the region remain largely unchanged, sources told Fastmarkets on Wednesday November 20.Fastmarkets' weekly price assessment for steel HRC, domestic, exw Northern Europe, was ?,?420-425 ($465-471) per tonne on November 20, unchanged over t...Read More
Gold major Barrick just tripled its profits… Newmont Goldcorp, also reported a big jump in profits over the last couple of months.But what most investors don’t know is that mostof the money is made in the discovery of new world-class gold deposits. And geologists now think they could havehit the motherlode in a new mining frontier… It all started when miners found a nugget of s...Read More
The three-month nickel price on the London Metal Exchange continued to fall at the close of trading on Wednesday November 20, with continued selling pressure and supportive forward spreads prompting the metal's lowest close since July.Nickel's outright price on the LME closed at $14,360 per tonne in the afternoon, falling by just over 2% from an intraday high of $14,695 per tonne. Turnover was at...Read More
Prices for hollow steel sections in Northern and Southern Europe were unchanged this week although mills continued to make higher offers, market sources told Fastmarkets on Wednesday November 20.Fastmarkets' weekly price assessment for steel sections (medium), domestic, delivered Northern Europe, was ?,?560-580 ($620-642) per tonne on Wednesday, unchanged week on week."The market is on the positiv...Read More
The Iranian steel market was gripped by uncertainty this week after violent protests erupted across the country following a government decision to increase petrol prices. "There are lots of strikes, [many] banks [and petrol stations] have been burned down and many government buildings destroyed," one market source said adding that trading activity had been limited this week.The coun...Read More
Here are five Fastmarkets MB stories you might have missed on Wednesday November 20 that are worth another look.Export prices for Chinese cold-rolled coil and hot-dipped galvanized coil rose during the week to November 19 due to improved buying interest amid gains in upstream hot-rolled coil prices, market participants told Fastmarkets.Aluminium premiums in Europe and the United States declin...Read More
By: Gary SavageThe bullion banks have been able to take gold down at will, dumping gold contracts usually in the pre-markets..http://blog.smartmoneytrackerpremium.com/Read More
- Stewart Thomson, Graceland Updates 1. Top US politicians describe the US economy as the "mightiest of all time". 2. Please click here now. Houston, we have a problem! The next tariff tax deadline is now only about three weeks away. 3. While Trump's diehard fans may want him to hike these taxes again if China doesn't "play ball", massive FOREX liquidity fl...Read More
By: Ira EpsteinGold formally ended a downtrend phase. $1,456.60 is swingline support short-term..Read More
David Becker6 hours ago (Nov 20, 2019 7:16 PM GMT)Gold prices were nearly unchanged on Wednesday as the Fed’s meeting minutes did little to change the view for gold prices. US yields continued to move lower, which shows that the market is concerned about future growth especially if a trade deal is not reached. There are rumblings that Trump is getting restless with the Chinese and the Chine...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
Bearish macroeconomic signals and oversupply have put minor metals and ferro-alloys prices variously under pressure over 2019; the structure and terms of contracts agreed over the coming weeks will show how market participants are accounting for those signals ahead of 2020. A slowing global economy alongside uncertainty over the China-United States trade dispute and Brexit have slowed minor metals...Read More
The three-month nickel price on the London Metal Exchange continued to fall at the close of trading on Wednesday November 20, with continued selling pressure and supportive forward spreads prompting the metal's lowest close since July.Nickel's outright price on the LME closed at $14,360 per tonne in the afternoon, falling by just over 2% from an intraday high of $14,695 per tonne. Turnover was at...Read More