Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 319,37066,34357,254167,700455,975544,324579,572 Change from Prior Reporting Period -15,0137,5233,953-55-22,722-11,115-11,246 Traders 19782875451278195 Small Speculators LongShortOpen Interest 63,06327,815607,387 1,5451,676-9,570 non report...Read More
Metals investors are positioning themselves for rapidly developing political and geopolitical events, as well as a rapidly expanding Federal Reserve balance sheet. What started out as a limited intervention to provide temporary liquidity to overnight lending markets has morphed into a massive $60-billion-per-month Treasury-buying campaign. By some measures, it's even bigger than the last Quant...Read More
By: Ira EpsteinGold trend turns up if it gets above $1,503. 18 day moving average also at $1,503 area, important resistance area to get above for the gold markets to turn into a more bullish bias:Read More
By: Rick Ackerman, Rick's PicksI like gold here, but I'd like it even more a somewhat lower levels. How much lower? Here are two charts to judge, including one in GLD for those of you who don't trade futures.www.RickAckerman.comRead More
Key data from the pricing sessions in Asia, Europe and the United States for the week ending Friday October 18. China The imported UG2 chrome ore price weakened after sales of MG grade ore were concluded at lower prices, while ample availability of UG2 in ports weakened market sentiment at a time of low demand. The spot ferro-chrome price softened on...Read More
An overview of the minor metals markets and the reasons for their latest price moves. Read More
The whereabouts of minor metal stocks held by the now defunct Fanya Metals Exchange has been a weight on the outlook of minor metals prices and contract negotiations since the exchange collapsed in 2015. The whereabouts of minor metal stocks held by the now defunct Fanya Metals Exchange has been a weight on the outlook of minor metals prices and contract negotiations since the exchange collapsed i...Read More
Global scrap prices in all the major markets recovered during the working week ended Friday October 18, boosted by lower material availability and rising Turkish import prices. Turkish import prices up as mills resume November buying US export prices up on bulk sales to Turkey Taiwan import prices up on reduced supply, Vietnam import prices stable Indian import prices up in line with Turkish marke...Read More
The inter-merchant spot market for UK-origin light iron scrap was steady in the week ended Friday October 18, extending a run of stability into a third week amid a recovery in European steel scrap export prices.Fastmarkets' price assessment for steel scrap 5C, loose old light, domestic, delivered inter-merchant, UK, was ?60-80 ($77-102) per tonne on Friday. The market is around where it was when...Read More
Turkish steel producers have continued their deep-sea scrap bookings for November shipments at steady prices, sources said on Friday October 18.Steel mills in the country had resumed their deep-sea purchases on Thursday October 17 with slightly higher prices amid tight supply.A steel mill in the Marmara region booked a UK cargo, comprising 18,000 tonnes of HMS 1&2 (80:20) at $240 per tonne cfr.Ano...Read More
There's a new trend sweeping YouTube that claims people can earn hundreds of thousands of dollars with this hobby.It's called coin roll hunting. And it's exactly what it sounds like: searching through rolls of coins to hunt for collectible and valuable coinage.The main thing most hunters are looking for are old 90% silver coins. Those would be pre-1965 U.S. quarters, dimes, and half-dollars. They...Read More
In this week's free Insights newsletter, get our take on why the latest Fed moves are commodity friendly. Also, a free video feature on identifying both attractive and unattractive names in the cannabis space. Finally, speaking of commodities, our insider of the week has a smile on his face.Click here to read this week's edition.Read More
China's domestic spot battery-grade lithium compound prices softened this week, attributed to widespread negative short-term sentiment due to slow downstream buying. The Chinese Lithium carbonate price fell on a weak demand outlook. Lithium hydroxide sellers to the domestic Chinese market said it was difficult to seal deals Asian cif China, Japan & Korean prices rangebound. Thin activity...Read More
Import prices for hot-rolled coil and cold-rolled coil (HRC, CRC) into South America have fallen in the week ended Friday October 18, with producers from many regions competing for clients.Offers from the Commonwealth of Independent States (CIS), Brazil, Japan and China reached South American buyers at lower levels than last week.Fastmarkets assessed the price for steel HRC, import, cfr main ports...Read More
Demand for flat steel was still soft in Turkey in the week ended Friday October 18 because of falling steel prices globally, but sentiment was better than in previous weeks because of the halting of a Turkish military operation in Syria.International politics have a significant bearing on trade in the region at the moment. US President Donald Trump has been widely criticized for his decision to wi...Read More
Turkish prices for hot-dipped galvanized coil (HDG) and pre-painted galvanized iron (PPGI) fell in the week ended Friday October 18, with demand remaining weak, sources have told Fastmarkets.International politics have a significant bearing on trade in the region at the moment. US President Donald Trump has been widely criticized for his decision to withdraw US forces from an area of northern Syri...Read More
Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 319,37066,34357,254167,700455,975544,324579,572 Change from Prior Reporting Period -15,0137,5233,953-55-22,722-11,115-11,246 Traders 19782875451278195 Small Speculators LongShortOpen Interest 63,06327,815607,387 1,5451,676-9,570 non report...Read More
Metals investors are positioning themselves for rapidly developing political and geopolitical events, as well as a rapidly expanding Federal Reserve balance sheet. What started out as a limited intervention to provide temporary liquidity to overnight lending markets has morphed into a massive $60-billion-per-month Treasury-buying campaign. By some measures, it's even bigger than the last Quant...Read More
Dave KranzlerLast week the Fed announced that it was going to start buying $60 billion in T-Bills per month at least into Q2 2020. The Fed will also rollover the proceeds as the T-Bill's mature. The rationale was to address the decline in the "non-reserve" liabilities of the Fed. So what are "non-reserve" liabilities? Federal Reserve Notes.The directive as written was "Fed Speak" which mea...Read More
By: Ira EpsteinGold trend turns up if it gets above $1,503. 18 day moving average also at $1,503 area, important resistance area to get above for the gold markets to turn into a more bullish bias:Read More