The International Energy Agency says the liquefied natural gas market has already received a record $50 billion in investments this year.At the 2019 LNG Producer-Consumer Conference in Tokyo last week, the IEA's executive director Fatih Birol told the audience, "This year, 2019 already broke the highest amount of (final investment decisions) for the first time ever, $50 billion."According to IEA f...Read More
Fremont Gold Ltd. (FRE: TSX-V; FR2: FSE: USTDF: OTC), who's mine-finding Management Team has discovered more than 4 million ounces of gold, and controls three gold projects in the prolific Cortez and Carlin Trends in northern Nevada. We learned from Blaine Monaghan, CEO of Fremont Gold, that this summer they sold their Gold Canyon project to McEwen Mining for 300,000 shares and are now looking to...Read More
Domestic rebar prices in Poland have moved down slightly over the past week due to decline of scrap costs in September, sources told Fastmarkets on Friday September 27.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), domestic, exw Poland, was 2,060-2,080 zloty ($514-519) per tonne on September 27, down by 10 zloty per tonne from 2,070-2,090 zloty per tonne.The assessmen...Read More
Malaysia has imposed provisional anti-dumping duties on imports of steel rebar produced in Turkey and Singapore, the country's Ministry of International Trade & Industry (MITI) said earlier this week.The provisional tariffs will be effective for 120 days, covering the period from September 24 until January 21, 2020.The products subject to the provisional duties fall under the following HS codes:72...Read More
Here is what's new today on INK Ultra Money.1. Brexit Update with Nigel Farage: Deal or No Deal? - Real Vision (Ultra subscriber content)Nigel Farage, member of European Parliament, joins Larry McDonald of The Bear Traps Report to articulate the latest details on Brexit negotiations. Find out which upcoming events are most important through Farage's eyes. Farage and McDonald also wax poetic on th...Read More
In the latest edition of Insights, we look at the potential impact that US liquidity problems could have on Canadian stocks. Michael Gayed is featured in our Video of Week. He suggests it is make it or break it time for stock markets.Video of the Week: Bonds: The Mother of All BubblesFinally, our Insider of the Week has been taking on Jeff Bezos at Amazon and winning. Get the newsletter here.Read More
China's domestic rebar prices were flat on Friday September 27 despite an active market amid mild changes in the futures segment. Domestic Eastern China (Shanghai): 3,680-3,700 yuan ($516-519) per tonne, unchangedNorthern China (Beijing): 3,590-3,630 yuan per tonne, unchangedSome end users raised their procurement rates to stock up on materials for consumption during the October 1-7 holiday to com...Read More
Pig iron exporters in the south of Brazil have resumed sales activity after a month-long silence, although the price has gone down because of low demand in response to falling scrap prices.Fastmarkets' weekly price assessment for pig iron, export, fob Vitorio/Rio, Brazil, was $275-280 per tonne on Friday September 27, down from $285-300 per tonne last week.Over the week, suppliers sold several car...Read More
The inter-merchant spot market for UK light iron scrap fell again during the week ended Friday September 27 after briefly stabilizing the week before, with shredders cutting their offer prices and smaller suppliers matching that move.The market is expecting further price losses in the near term due to weaker steel sector demand, as well as lower prices in European export markets to Turkey and the...Read More
Global scrap prices continued to fall in all of the major markets during the working week from Monday September 23 to Friday September 27, because of the limited demand for finished steel and widespread negative sentiment. Turkey booked more cargoes for November, prices down Cheaper Turkish cargoes drove down US prices on both coasts Price fall continuds in Southeast Asia amid bearish sentiment Tr...Read More
Indian domestic secondary billet prices in the week ended Friday September 27 fell by 600 rupees ($8) per tonne on subdued buying by finished product makers.The price of steel billet, domestic, ex-works India, assessed by Fastmarkets on September 27, was down by 600 rupees per tonne to 26,500-26,700 rupees ($374-377) per tonne compared with last week's assessment at 27,100-27,300 rupees per tonne....Read More
Steel billet prices in the CIS region decreased slightly in the week to Thursday September 26 after last week's rebound, because of the resumed weakening of scrap prices in Turkey.Several billet cargoes were reported sold to Asia and Egypt at prices of less than $360 per tonne fob Black Sea, Fastmarkets learned.Fastmarkets' daily steel billet index, export, fob Black Sea, CIS was $357 per ton...Read More
Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 370,39357,94961,489163,585508,730595,467628,168 Change from Prior Reporting Period 28,882-963-3,89357727,32325,56622,467 Traders 22068775253299174 Small Speculators LongShortOpen Interest 63,47730,776658,944 2,3885,48727,954 non reportable...Read More
The gold miners' stocks have largely ground sideways in the last couple months, consolidating their big mid-summer gains. That drift is slowly bleeding away greedy sentiment, but this sector remains really overbought. Gold stocks' dominant driver gold is even more overbought, and still facing a massive gold-futures-selling overhang. This makes October, gold stocks' weakest month seasonally...Read More
By: Ira EpsteinGold daily chart: sideways market. Should gold get under $1,492, this market could get very ugly, very fast. If it doesn't do that then what?Read More
By: Gary SavageThe Odds Are Very High That the Daily Cycle Has ToppedRead More
We've been monitoring Apple shares closely because they look very likely to rise at least 10% above their current $220 price before bulls are spent. AAPL is a powerful engine for the bull market, and a big rally in the stock would all but ensure that the broad averages get dragged higher or at least remain buoyant. The chart shows another reason why it may be premature to bet against the aging...Read More
Southeast Asian steel billet prices tumbled in the week to Friday September 27 because of a supply glut in the region after producers in various countries lowered their offer prices to entice buyers, market sources told Fastmarkets.Southeast Asia remains the most active billet import market with buyers continuing to book cargoes while demand from other parts of the world softens, a trader in South...Read More
Since debt was created, the Repo Man was there to handle defaulting debtors. There's a new Repo Man in town and that's the Federal Reserve. They are there to turn bank's paper into cash and bank's cash into paper. Since 1917, it all worked very well except for a few noteworthy events, like 9/11 and 2008, when the markets seized up. Now it's happening again. Why is there no liquidity? Where did all...Read More