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Precious Metals Update Video: Gold being bought on pullbacks by the pros

August 13, 2019 / news.goldseek.com

By: Ira EpsteinGold's 18-DMA moving higher, today in the $1460's. Gold show bullish signs:Read More

GLOBAL ALUMINIUM WRAP: Sao Paulo premium breaks 3-month stasis; premiums elsewhere flat

August 14, 2019 / www.metalbulletin.com

Aluminium premiums were flat across most regions in the week ended Tuesday August 13, except in Brazil, where the P1020A premium for S??o Paulo delivery ticked higher after three months with no changes. S??o Paulo premium ticks up on dissipating discounts Rotterdam premiums flat, trades thin US Midwest premium unchanged on seasonality MJP steady amid Japanese holidays.Delivered premium up in Brazi...Read More

WEEKLY BASE METAL PREMIUMS REPORT: 13/08

August 14, 2019 / www.metalbulletin.com

A summary of base metals premiums from across the globe for the week to Tuesday August 13. Please click...Read More

Mexican ferrous scrap prices up in Monterrey on steel demand revival

August 14, 2019 / www.metalbulletin.com

The price of ferrous scrap in Mexico's northern Monterrey region increased in the week ended Tuesday August 13, while prices in the southern Baj?-o region remained stable, Fastmarkets has learned.Fastmarkets' assessment for steel scrap No1 busheling, consumer buying price, delivered mill Monterrey, was 4,850 pesos ($248) per tonne on August 13, up from 4,700 pesos per tonne a week before, while th...Read More

LIVE FUTURES REPORT 13/08: LME zinc price passes $2,300/t in 2.6% recovery; nickel nears $16,000/t

August 14, 2019 / www.metalbulletin.com

Zinc's three-month price on the London Metal Exchange was higher at the close of trading on Tuesday August 13, appreciating by around 2.6% and settling above the $2,300 per tonne level in a continuing recovery, while strong buying in nickel saw its outright price closed in on the $16,000 per tonne resistance level. Volumes traded in zinc were low over the day's trading, with 7,700 lots exchanged b...Read More

IN CASE YOU MISSED IT: 5 key stories from August 13

August 14, 2019 / www.metalbulletin.com

Here are five Fastmarkets MB stories you might have missed on Tuesday August 13 that are worth another look.Glencore trader Hu Qiang has been released without charge 15 months after being arrested in a crackdown on illegal imports of secondary lead waste in China, Fastmarkets has learned.Miner-smelter Nyrstar expects the most recent outage at its Port Pirie lead smelter in Australia to last for 12...Read More

IN CASE YOU MISSED IT: 5 key stories from August 12

August 14, 2019 / www.metalbulletin.com

Here are five Fastmarkets MB stories you might have missed on Monday August 12 that are worth another look.The main works at China Hongqiao Group were reported to have suffered from severe flooding caused by Super Typhoon Lekima, Fastmarkets learned, but the company has denied claims that it has been forced to stop production.Nyrstar's Port Pirie lead smelter in South Australia has incurred anothe...Read More

Goldman Sachs Underestimates Gold's Potential; Prices to Go Higher Than Expected - TheStreet

August 14, 2019 / www.thestreet.com

(Kitco News) - Gold prices should respond positively to mounting global debt, with firms like Goldman Sachs even underestimating their bullish stance of $1,575 an ounce in three months on the yellow metal, said Frank Holmes, CEO of U.S. Global Investors. "They're always going to be understated, and clearly that means that it could easily go another $150," Holmes told Kitco News. "I think it's mor...Read More

All That Glitters Is Cramer: Jim Cramer Tackles Gold, Cannabis and the Markets - TheStreet

August 14, 2019 / www.thestreet.com

Is it Friday yet? Jim Cramer tackles when investors should be getting into gold, whether or not now is the time to sell and what he thinks of the cannabis industry.  What Should Investors Do Now? The markets have been causing investors anxiety and one question that may be lingering on every investor's mind is what should they do now? Cramer penned a Real Money column Monday morning that foc...Read More

SMASHBURGER: Silver Hit For Nearly $1.00 Loss, Gold Comes Under Heavy "Selling" Pressure

August 13, 2019 / www.silverdoctors.com

There's a flash sale on silver. Here are the details...Silver was hit especially hard:What the heck is going on?Well, reports are coming in that there is good news on the trade war front.The stock market surged as did the US dollar index:Pretty impressive all around.Here's the reason given, per Bloomberg:HFT algos love that title.And what the article contained:The trade headlines sparked demand fo...Read More

LIVE FUTURES REPORT 13/08: LME zinc price passes $2,300/t in 2.6% recovery; nickel nears $16,000/t

August 14, 2019 / www.metalbulletin.com

Zinc's three-month price on the London Metal Exchange was higher at the close of trading on Tuesday August 13, appreciating by around 2.6% and settling above the $2,300 per tonne level in a continuing recovery, while strong buying in nickel saw its outright price closed in on the $16,000 per tonne resistance level. Volumes traded in zinc were low over the day's trading, with 7,700 lots exchanged b...Read More

COKING COAL DAILY: Bearish outlook persists for seaborne prices

August 14, 2019 / www.metalbulletin.com

Seaborne coking coal prices were steady on Tuesday August 13, though Chinese market participants remained bearish about the market.Buyer and trader sources in the country cited weak downstream markets, ample supply and import restrictions on coal at Chinese ports as the main reasons for their pessimistic outlook for prices over the next few weeks."The margins for steel mills in China have narrowed...Read More

CHINA HRC: Domestic prices rise on trading pick-up

August 14, 2019 / www.metalbulletin.com

China's hot-rolled coil prices rose on Tuesday August 13 after trading picked up a day earlier, though some mills lowered their export offers in an attempt to secure sales.DomesticEastern China (Shanghai): 3,700-3,710 yuan ($525-526) per tonne, up 40 yuan per tonneNorthern China (Tangshan): 3,700 yuan per tonne, up 30-50 yuan per tonneMills in northern China raised their ex-works offers by around...Read More

Demand for met coal imports in China sensitive to iron ore procurement strategies

August 14, 2019 / www.metalbulletin.com

The increasing consumption of scrap and a potential shift toward the electric-arc furnace (EAF) steelmaking route from the basic oxygen furnace (BOF) route in China are medium- to long-term threats to demand for steelmaking raw materials, while in the near team coking coal import volumes will continue to be affected by iron ore procurement strategies.This was the basis of Fastmarkets research team...Read More

4 Reasons Why Gold Will Continue To Shine

August 13, 2019 / seekingalpha.com

A bullish reversal.Reason one: Central bank policy and buying.Reason two: Currency devaluation around the world.Reason three: The long-term chart.Reason four: Uncertainty - UGLD on dips in a bull market will turbocharge returns.My introduction to working in the commodities market came during the summer of 1977, when I worked delivering telex messages at the leading raw materials trading company in...Read More

CIS STEEL BILLET: Exporters suffer from 'non-active' market

August 14, 2019 / www.metalbulletin.com

CIS steel billet export prices fell this week after a lack of trading activity, caused by the summer lull in most key destinations, combined with a general downtrend in scrap values, sources told Fastmarkets on Tuesday August 13.Some CIS mills were offering billet at about $410 per tonne fob Black Sea on Tuesday, but other producers preferred to take wait-and-see position befor...Read More

Slab import prices in Asia stay flat despite currency wobbles linked to US-China trade tensions

August 14, 2019 / www.metalbulletin.com

Import prices for steel slab in Southeast Asia and East Asia remained stable over the past week despite weaker currencies in some markets following a flare-up in trade tensions between China and the United States.The Taiwanese dollar was trading at NT$31.41 to $1 on August 13, compared with NT$31.05 to $1 a month earlier, while Indonesia's currency moved to 14,245 rupiah per $1 on August...Read More

IN CASE YOU MISSED IT: 5 key stories from August 13

August 14, 2019 / www.metalbulletin.com

Here are five Fastmarkets MB stories you might have missed on Tuesday August 13 that are worth another look.Glencore trader Hu Qiang has been released without charge 15 months after being arrested in a crackdown on illegal imports of secondary lead waste in China, Fastmarkets has learned.Miner-smelter Nyrstar expects the most recent outage at its Port Pirie lead smelter in Australia to last for 12...Read More

Copper: Powering up the electric vehicle

August 13, 2019 / www.woodmac.com

Access our research platformsSign-in to our platforms to access our extensive research, our latest insight, data and analytics and to connect to our industry experts.Copper is a cornerstone of the EV revolution.At the heart of the electric vehicle, copper is used throughout because of its high electrical conductivity, durability and malleability. And even more is used in charging stations and in s...Read More

LIVE FUTURES REPORT 13/08: LME zinc price continues uptick in 1.1% climb; lead trails lower

August 14, 2019 / www.metalbulletin.com

Zinc's three-month price on the London Metal Exchange continued its ascent during morning trading on Tuesday August 13, appreciating by over 1% to steadily approach the $2,300-per-tonne level, while lead was the only metal across the complex to trade lower. Volumes traded over the morning were low however, indicating a lack of liquidity across the exchange. Some 1,386 lots of zinc have traded so f...Read More

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