(originally published Wednesday, October 16, 2019)Well, what a shame. Just when the survivalists had got their hopes up that they would actually be able to start using their vast stores of canned and freeze dried foods and unload some of their ammo magazines on waves of zombielike starving hordes lurching forwards relentlessly towards their bunkers, along comes the Fed and inaugurates QE4. QE4...Read More
- Dave Kranzler Value Play - Fortuna Silver - (FSM, FVI.TO - US$3.07) - Most of the stocks I follow are micro-cap junior "venture capital" plays. However, I'll invest in a larger cap producing mining company if I believe the stock has been sold down irrationally to a price that offers superior upside risk/return potential. Click chart to enlarge.Fortuna was founded in 2005 with a focus on a...Read More
By: Gary Christenson, The Deviant InvestorBreaking News:The Dow closed at 26,616 on Jan. 26, 2018, a new high. The Dow closed on November 5, 2019 at 27,492, a gain of 3% in 22 months.Gold closed at $1,352 on Jan. 26, 2018. Gold closed at $1,484 on November 5, 2019, a gain of 10% in 22 months.The Fed announced they would buy $60 billion/month in Treasuries but refused to admit it was QE. Sounds l...Read More
By: Ira EpsteinGold support just below, swinglines bearish:Read More
It often seem as though trade-deal news drives the markets, but how could this be so when we all know that China will never, ever change its crooked ways? Not that it matters. If Trump hadn't started a tariff war, it would have made little difference in the way a bull market now in its eleventh year behaves; stocks would still be trading about where they are. The only difference is that the con-...Read More
Postponement of US-China trade deal to December should be bullish for gold and silver. I will prefer a buy on dips strategy as long as gold trades over $1475 for intraday. Use sharp dips to invest in silver for month end with a stop loss below $1660. Copper and crude oil should fall on speculation of trade talk. U.S. lawmakers seek to ban federal pension fund from investing in China: This is the...Read More
ArcelorMittal reduced its forecast for apparent steel consumption growth in Brazil in 2019 because of weak performance in the infrastructure sector as well as other industries in the supply chain.The steelmaker now expects apparent steel use to grow by 0.5-1%, compared with a previous range of 1.5-2.5%, the company said on Thursday November 7. The cut in the guidance range is due to dela...Read More
If you are a producer or consumer, or are active in the physical markets, then you had better be aware of a new set of regulations that will make it all the more important for you to choose the right logistics partner from next year.The International Maritime Organization (IMO) has ruled that from January 1, 2020, the marine sector will have to reduce sulfur emissions by more than 80% by switching...Read More
Christopher Lewis8 hours ago (Nov 07, 2019 4:48 PM GMT)Gold markets have fallen a bit during the trading session on Thursday, reaching towards the $1475 level. This is an area that should offer support, but if it does not it’s likely that we will then face support at the $1450 level next. All things being equal, this is a market that should attract a certain amount of buying pressure eventu...Read More
A summary of ArcelorMittal's financial results for the third quarter of 2019.In brief Earnings in the quarter dropped due to the combination of a fall in steel shipments, declining steel prices and higher raw material costs, the world's largest steelmaker said on Thursday November 7."As anticipated, we continued to...Read More
ArcelorMittal reduced its forecast for apparent steel consumption growth in Brazil in 2019 because of weak performance in the infrastructure sector as well as other industries in the supply chain.The steelmaker now expects apparent steel use to grow by 0.5-1%, compared with a previous range of 1.5-2.5%, the company said on Thursday November 7. The cut in the guidance range is due to dela...Read More
If you are a producer or consumer, or are active in the physical markets, then you had better be aware of a new set of regulations that will make it all the more important for you to choose the right logistics partner from next year.The International Maritime Organization (IMO) has ruled that from January 1, 2020, the marine sector will have to reduce sulfur emissions by more than 80% by switching...Read More
The three-month copper price on the London Metal Exchange was higher at the close of trading on Thursday November 7, breaching the $6,000 per tonne resistance level just after the 5pm close for the first time since July, while the zinc futures price climbed by over 1%. Copper's outright price on the LME closed at $5,975 per tonne on Thursday afternoon, spiking soon after the close to reach an intr...Read More
Deep-sea scrap prices pushed up on Thursday, November 7, after a Turkish steel mill bought a cargo of HMS 1&2 (80:20) and shredded scrap from the United States, continuing the trend for US material set earlier in the week, sources told Fastmarkets.A steel mill in the Iskenderun region bought the cargo, comprising 18,000 tonnes of HMS 1&2 (80:20) at $260 per tonne and 12,000 tonnes of shr...Read More
Here are five Fastmarkets MB stories you might have missed on Thursday November 7 that are worth another look.Latin America's crude steel output fell 16% year on year in September to 4.69 million tonnes on high costs of iron ore and low global prices for finished products, according to regional steel association Alacero.The global nickel supply deficit is set to narrow to 20,000 tonnes of nickel u...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
Frank Feng has left his position as head of copper trading at Cliveden's Shanghai office and has been replaced by Sun Bing, Fastmarkets understands.Feng was head of copper trading at Cliveden's Shanghai office for almost three years. He had previously worked with...Read More
Silver plunged on Tuesday, just as it was likely to after the triple reversal that we've been writing about...by Przemyslaw Radomski via Sunshine ProfitsSilver plunged on Tuesday, just as it was likely to after the triple reversal that we've been writing about, and it was declining strongly during Wednesday's pre-market trading. And then it all changed. Silver soared before the U.S. markets ope...Read More
Podcast: Play in new window | DownloadSubscribe: Apple Podcasts | Android | Email | Stitcher | RSSYesterday the cartel threw a ton of paper at silver when the COMEX opened. Today, the cartel began even earlier, however...Editor's Note: Gold & silver look very strong right now!So let's try to make some sense about what is going on.In part because YouTube, as a propagandist puppet for the Deep State...Read More
The three-month copper price on the London Metal Exchange was higher at the close of trading on Thursday November 7, breaching the $6,000 per tonne resistance level just after the 5pm close for the first time since July, while the zinc futures price climbed by over 1%. Copper's outright price on the LME closed at $5,975 per tonne on Thursday afternoon, spiking soon after the close to reach an intr...Read More