Prices for most grades of ferrous scrap in Mexico fell in the week ended Friday October 18, with mills continuing to apply price cuts while they adjusted to recent settlements in the United States and other regions.One mill in the Baj?-o region applied a price cut of 200 pesos ($10.45) per tonne last week. And although its supply of scrap has reduced, it has so far given no sign of reversing this...Read More

The Ontario government is bringing more transparency to electricity bills for Ontarians. Effective November 1, 2019, electricity bills will show the true cost of power and will include the new Ontario Electricity Rebate.Under the previous government, the electricity rebate provided to Ontarians was concealed within the price-per-kilowatt-hour line item on electricity statements. This meant custome...Read More

Turkish steel producers remained silent in the deep-sea scrap markets for the second consecutive day, while offers for scrap stayed firm, sources said on Tuesday October 22.Steel mills have been largely active in the deep-sea markets in previous weeks, booking material for November deliveries. Turkish steelmakers have booked 16 deep-sea cargoes since the start of the month, totaling...Read More

China will become a net exporter of refined lead in 2020 as a result of higher forecasted production and unimproved domestic consumption next year, a senior analyst said at the 2019 Lead & Zinc Week gathering in Kunming, China, on Thursday October 17. Chinese lead smelters are likely to increase production to take advantage of good profits for lead smelting due to higher treatment charges (TCs) fo...Read More

Many years ago a small United Nations organization slipped a time bomb into the engine room of global commerce. The committee is called the International Maritime Organization (IMO). The rule is the IMO 2020 rule on high-sulfur marine diesel.You see, the oil used by ships all over the world, from Supermax to cruise ships to island junkers, is called "bunker fuel." It is a heavy fuel oil created by...Read More

China will become a net exporter of refined lead in 2020 as a result of higher forecasted production and unimproved domestic consumption next year, a senior analyst said at the 2019 Lead & Zinc Week gathering in Kunming, China, on Thursday October 17. Chinese lead smelters are likely to increase production to take advantage of good profits for lead smelting due to higher treatment charges (TCs) fo...Read More

Some flat steel import prices in the United Arab Emirates and Saudi Arabia fell this week on limited demand, sources told Fastmarkets on Tuesday October 22.Buyers were reluctant to book large tonnages because of the falling prices as well as the weak end-user demand, they said.UAEOffer prices for hot-rolled coil (HRC) from China were heard in the UAE at $440-445 per tonne cfr this week, with offer...Read More

Export prices for Chinese cold-rolled coil and hot-dipped galvanized coil fell during the week to Tuesday October 22 on weak demand in the export market and aggressive pricing strategies adopted by suppliers in other regions, market sources said.Despite facing stiff competition for export sales, Chinese producers are reluctant to slash prices much further because of stable prices in the domestic m...Read More

Chinese mills lowered export offers for hot-rolled coil on Tuesday October 22 despite a stable domestic market amid pressure from cheaper products offered by suppliers in other regions.DomesticEastern China (Shanghai): 3,500-3,510 yuan ($495-496) per tonne, unchangedNorthern China (Tangshan): 3,480 yuan per tonne, unchangedTrading was moderate during the day maid steady demand, which kept spot pri...Read More

Keith Weiner, Monetary MetalsWe talk a lot about the falling interest rate, the too-low interest rate, the near-zero interest rate, the zero interest rate, and the negative interest rate. Hat Tip to Switzerland, where Credit Suisse is now going to pay depositors -0.85%. That is, if you lend your francs to this bank, they take some of them every year. Almost 1% of them.A bank deposit comes wit...Read More

Stewart Thomson 1. If investors bring proper tactics to the table, gold price reactions can be exhilarating.2. Please click here now. Double-click to enlarge this GDX daily chart.3. There's nothing more satisfying than buying a market near a low and selling near a high.4. The key to doing that is buying near a previous low, either with very small size or with a stop...Read More

Clint SiegnerThe Wall Street Journal's Jason Zweig famously referred to gold as a "Pet Rock" in 2015. He was blasted by people who understand that gold is no passing fad, and it serves some very important roles in an investment portfolio.The valuable roles played by gold have been well covered here. It's a hedge against both inflation and deflation, it represents true diversification for por...Read More

By: Ira EpsteinGold might be heading back to $1475 support area, the daily chart shows no-man's land..Read More

Import prices for steel billet and rebar in the United Arab Emirates increased over the past week, with domestic rebar prices remaining stable, market sources said on Tuesday October 22.Domestic prices for rebar for the month were announced by the country's producers on October 21. Both Emirates Steel and Conares Steel kept their prices unchanged.Billet importsBillet bookings were made from Oman a...Read More

Riots have become the norm in France, Ecuador, Hong Kong and now Chile. John sees this as a function of out of control debt and the running out of other people's money. The US could find itself in a similar situation after the election. There's a belief among the world's population that corruption has become the norm and that there's no way to reign it in. This could lead to half the nation believ...Read More

Wikileaks publisher Julian Assange appeared before a UK judge to request more time to prepare his case against the US extradition request. Acting more like a Soviet triubunal, the judge went on to deny his every request. He is not allowed to prepare to fight his extradition. Even though Assange has served his time for "jumping bail" the British court ruled that he must remain in prison. His shocki...Read More

Danielle DiMartino Booth spent nine years as an advisor to Richard W. Fisher at the Federal Reserve Bank of Dallas. Danielle left the Fed in 2015 to found Money Strong, LLC, an economic consulting firm and launched a weekly economic newsletter She is the author of Fed Up: An Insider's Take on Why the Federal Reserve is Bad for America. DiMartino Booth began her career in New York at Donaldson, Luf...Read More

Low interest rates are encouraging companies to take on a level of debt that risks becoming a $19 trillion time bomb in the event of another global recession, the International Monetary Fund has said.In its half-yearly update on the state of the world's financial markets, the IMF said that almost 40% of the corporate debt in eight leading countries - the US, China, Japan, Germany, Britain, France,...Read More

I don't know how many people have noticed this, but in the past three months it has been impossible for a person to throw a beef burger patty in any direction Continue...Read More

We have lost all of our freedoms, we are just too busy to take notice. The pretend whistleblower against Trump was orchestrated by Democrats to create an issue Continue...Read More