Christopher Lewis7 hours ago (Nov 06, 2019 6:13 PM GMT)Gold markets have rallied slightly during the trading session on Wednesday, as we continue to see a lot of volatility around the world. At this point, the central banks look likely to keep their monetary policy rather loose, and that should help gold. Beyond that, we also have a lot of concerns geopolitically, so that of course could put a bit...Read More

Dave KranzlerThe major stock indices - the Dow, SPX and Nasdaq - have wafted up to all-time highs on a cloud of Central Bank printed money. Interestingly, most of the stocks in all three indices are below to well below their all-time highs. Breadth of the move is shockingly thin. Very few stocks are responsible for pushing the indices higher. The Dow's move last Friday, for instance, was...Read More

- Craig Hemke Last week, we wrote about the pending price correction in COMEX gold and silver due to the extreme level of futures contracts issued by the market-making Banks. With price getting smashed thus far this week, it's time to explain again the dynamics of this tried-and-tested price manipulation technique.First of all, understand that the alchemy of " gold price exposure" was created...Read More

Stewart Thomson, Graceland Updates 1. Gold continues to consolidate with sideways price action after reaching the $1500-$1550 resistance zone.2. Please click here now. Double-click to enlarge. Investor patience is required when the price arrives at a major support or resistance zone like $1500-$1550.3. The good news is that for the current gold market reaction,...Read More

By: Ira EpsteinGold in somewhat of the sideways pattern, but the swingline has turned down now -- does the market have legs to it to the downside?Read More

Following a month-long consultation period and several months of pre-consultation research, Fastmarkets will launch a fortnightly price assessment for non-exchange-deliverable equivalent-grade (EQ) copper cathode premiums/discounts starting from Tuesday November 19.The cif Europe and cif China price assessments will support Fastmarkets' current benchmarks in Grade A exchange-deliverable markets.De...Read More

The price of steel rebar in the Southern Europe domestic market narrowed upward this week on higher scrap costs since the beginning of October, with further increases expected in the coming weeks, sources told Fastmarkets on Wednesday November 6.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), domestic, delivered Southern Europe, was ?,?455-465 ($505-516) per tonne on Wednes...Read More

Here are five Fastmarkets MB stories you might have missed on Wednesday November 6 that are worth another look.Brazil's national mining agency, ANM, has concluded that Vale failed to report anomalies before a deadly disaster breach occurred at a tailings dam in its C??rrego do Feij??o mine in January.A falling US Midwest aluminium premium, stronger currencies in Asia and sustained higher freight r...Read More

Gold continues to maintain an elevated level because of the fear of trade.Technically, gold is slightly positive for the short term.The set up for gold is similar to 2016.Futures traders are set up like they were in 2016.Gold has been holding up because of a weaker dollar and continued fears about a non-existent recession. In this piece, we update the gold market. Gold has been unable to stay abov...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

James Hyerczyk12 hours ago (Nov 06, 2019 1:12 PM GMT)Gold futures are edging higher on Wednesday in a mild attempt to recover from yesterday’s steep sell-off that was fueled by a combination of stronger-than-expected U.S. economic data and the realization by some weaker longs that central banks weren’t going to be aggressively cutting rates as previously expected. A temporary pause i...Read More

The three-month lead price on the London Metal Exchange was lower at the close of trading on Wednesday November 6, settling at its lowest level since early October, while tin's outright price was the only positive move over the day's trading.Lead's futures price on the LME closed at $2,115 per tonne in the afternoon, its lowest closing price since October 1, while turnover was moderate at just und...Read More

Prices for seaborne premium low-vol coking coal weakened on Wednesday November 6 amid deteriorating sentiment.Fastmarkets indicesPremium hard coking coal, fob DBCT: $133.29 per tonne, unchangedPremium hard coking coal, cfr Jingtang: $146.16 per tonne, down by $0.53 per tonneHard coking coal, fob DBCT: $123.21 per tonne, unchangedHard coking coal, cfr Jingtang: $134.34 per tonne, unchangedLow-vol P...Read More

London Metal Exchange three-month base metals prices were broadly trading down in the morning session on Wednesday November 6, suppressed by low trading volumes despite stocks flowing out across all the metals today. The LME three-month copper price notably abated during the morning session, trading down to around $5,921.50 having hit a high of $5,978 per tonne yesterday while turnover for the day...Read More

SD Midweek Update: Epstein cover-up? Si! Coup against Trump? Yup! Silver price suppression? Crazy conspiracy theorist!Silver is getting hit pretty hard in the early morning hours.At the time of the pressure, the COMEX hadn't opened yet, and the cartel has succeeded in smashing the white metal under $17.50:A loss of over 10% (over 11% since early September highs) is what we call a "correction":Is u...Read More

The price range for steel rebar in the Northern European domestic market narrowed upward this week with higher ferrous scrap costs in October beginning to be reflected, sources told Fastmarkets on Wednesday November 6.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), domestic, delivered Northern Europe, was ?,?465-475 ($517-527) per tonne on November 6, up by ?,?10 per tonne...Read More

Prices for hollow steel sections in Northern and Southern Europe were unchanged this week while market participants digested the news about ArcelorMittal pulling out of the deal to buy Ilva, market sources told Fastmarkets on Wednesday November 6.A mill source told Fastmarkets that the Ilva situation had changed the market in Italy and that, as a result, some mills had withdrawn their existing off...Read More

Here are five Fastmarkets MB stories you might have missed on Wednesday November 6 that are worth another look.Brazil's national mining agency, ANM, has concluded that Vale failed to report anomalies before a deadly disaster breach occurred at a tailings dam in its C??rrego do Feij??o mine in January.A falling US Midwest aluminium premium, stronger currencies in Asia and sustained higher freight r...Read More

Spot business in the global tin markets was somewhat subdued over the two weeks ended Tuesday November 5, with metals industry participants away at the London Metal Exchange's biggest event, LME Week in London, October 27-November 1. Possible return to low tin ingot premiums in Baltimore, US European premiums stay down on low demand Asian premiums show no uplift from recently announced production...Read More

A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday November 6.Please click...Read More