By: Ira EpsteinGold is rocking and rolling back and forth without a trend:Read More

The Turkish steel mills have continued to book deep-sea scrap for November shipments, keeping prices fairly stable, sources said on Thursday September 26.A steel mill in the Izmir region booked a Baltic Sea cargo on Thursday, comprising 30,000 tonnes of HMS 1&2 (80:20) at $223.50 per tonne and 5,000 tonnes of bonus at $233 per tonne cfr.Another steel mill in the Marmara region also booked a Baltic...Read More

Fastmarkets is extending until October 15 the consultation period for its proposal to discontinue five of its precious metals prices.Fastmarkets made this decision because the responses received to date have identified a need to conduct more in-depth consultation into the usage of and need for these prices.The prices being proposed for discontinuation are as follows:Platinum min 99.9% Europe Free...Read More

The acquisition of processed graphite represents a potential reputational risk for participants in the battery sector, according to Adam Panayi, managing director of battery analyst RHO Motion."There are reputational issues surrounding graphite processing, as well as cobalt," Panayi said at Fastmarkets' Battery Materials Europe 2019 conference in Amsterdam, September 26-27. "The leaching process o...Read More

Europe's battery production capacity will have more than doubled by 2025 from the level in 2015, according to Eurobat, the Association of European Automotive & Industrial Battery Manufacturers.Battery production capacity in Europe will increase to at least 1,000GWh by 2025 from 440GWh in 2015, according to Gert Meylemans, the group's senior communications manager, speaking at Fastmarkets' Battery...Read More

Come with me for a quick look in the rearview mirror on a career of courage, risk, and outrageous market calls.When I started Angel Publishing (the parent publisher of Energy and Capital) on January 1, 2004, my intention was to launch an entirely unique investment research company - one whose purpose was to identify trends years before Wall Street caught on and way before they entered into the mai...Read More

Here is what's new today on INK Ultra Money.1. The Cannabis Four Horsemen - Real Vision (free content)Todd Harrison, founding partner and chief investment officer of CB1 Capital Management, walks through how to take advantage of the recent volatility and liquidity concerns in the cannabis space. In this interview with Jake Merl, Harrison reviews his favorite cannabis stocks for sale, highlights...Read More

Domestic price sentiment in Europe for hot-dipped galvanized coil (HDG) has fallen over the past week due to slow market activity, sources told Fastmarkets on Thursday September 26.Fastmarkets' weekly price assessment for steel HDG, domestic, exw Northern Europe, was ?,?520-550 ($571-604) per tonne ex-works on September 25, down from ?,?550-570 per tonne ex-works. The assessment reflected deals an...Read More

Here is what's new today on INK Ultra Money.1. Peak Leverage at Peak Earnings - Real Vision (subscriber content)Why are bonds and stocks sending conflicting signals at investors? Andrew Lapthorne, global head of quant research at Societe Generale, helps answer this question in his conversation with Roger Hirst. In this conversation, you'll understand which markets have already priced in recession...Read More

European domestic prices for heavy steel plate have moved down across the region over the past week due to low buying activity, sources told Fastmarkets on Thursday September 26."The market is slow and buyers expect prices to decline further," a representative of a European mill said. "Generally, the outlook is gloomy, because the situation in coil products across Europe is also pessimistic."Price...Read More

China's hot-rolled coil prices fell further on Thursday September 26 amid weak demand despite mills in some parts of the country being subjected to steelmaking curbs.DomesticEastern China (Shanghai): 3,600-3,630 yuan ($505-509) per tonne, down 20-40 yuan per tonneNorthern China (Tangshan): 3,550 yuan per tonne, down 50 yuan per tonneA Shanghai-based trader said trading thinned in comparison with W...Read More

Turkish rebar and wire rod export prices have gone down further over the past week amid falling imported scrap values and limited demand, sources said on Thursday September 26.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar) export, fob main port Turkey was $395-402 per tonne on Thursday, down from $400-410 per tonne fob on actual weight basis last week.The steel producers in...Read More

Import prices for steel billet in Egypt fell in the week ended Thursday September 26, amid lower offer and deal prices from the Commonwealth of Independent States.Buyers were reluctant to book material because of uncertainty about the possible imposition of safeguard duties.The Supreme Administrative Court of Egypt has repeatedly postponed its decision on the possible re-imposition of safeguard du...Read More

The United Arab Emirates' biggest producer Emirates Steel and second biggest producer Conares Steel have both decreased their rebar prices, effective from Thursday September 26, Fastmarkets has learned.Emirates Steel is now offering rebar at 1,737 dirhams ($472) per tonne ex-works, down from 1,953 dirhams...Read More

The Turkish steel mills have continued to book deep-sea scrap for November shipments, keeping prices fairly stable, sources said on Thursday September 26.A steel mill in the Izmir region booked a Baltic Sea cargo on Thursday, comprising 30,000 tonnes of HMS 1&2 (80:20) at $223.50 per tonne and 5,000 tonnes of bonus at $233 per tonne cfr.Another steel mill in the Marmara region also booked a Baltic...Read More

- Dave Kranzler"Central Banks are panicking...the whole system is on the verge of disappearing into a black hole." - Egon Von Greyerz on USAWatchdog.comOn Wednesday, after Wednesday's overnight Repo operation had $92 billion in demand for the $75 billion operations, announced that it was increasing overnight Repos to $100 billion and doubling the two-week term Repo operations to $60 billion....Read More

SRSrocco The U.S. Treasury printed another $243 billion worth of paper money in 2018, with the majority being issued as $100 Federal Reserve Notes. What's interesting is that the Reserve Banks estimated the number of notes they were going to remove from circulation and destroy accounted for 75% of the U.S. Treasury 2018 print order. However, according to the FederalReserve.gov website, the c...Read More

David HaggithAs noted in my last article, "Fed Loses Control of its Benchmark Interest," bank liquidity strains are written all over this month's troubles. Some may find that hard to believe because there is so much hot air (fiat money) still floating the system from a historical standpoint. There is a sound fundamental reason, however, that a lot is not enough. The diminished money supply is...Read More

By: Ira EpsteinGold is rocking and rolling back and forth without a trend:Read More

Physical iron ore prices strengthened on Thursday September 26 following gains in the futures market.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $90.91 per tonne, up by $0.57 per tonne.62% Fe Pilbara Blend fines, cfr Qingdao: $91.30 per tonne, up by $0.57 per tonne.62% Fe low-alumina fines, cfr Qingdao: $89.45 per tonne, up by $1.79 per tonne.58% Fe fines high-premium, cfr Qingdao: $80....Read More