RambusThe most important part of investing is knowing if you are in a bull or bear market. It's always much easier to trade in the direction of the main trend. There are times when a market is reversing from bull to bear or vise versa that there is not a lot of confirmation the turn has completed which leaves one apprehensive about getting fully invested. The more clues you can get that the majo...Read More

By: Ira EpsteinGold needs to hold $1,535.30 to hold strong uptrend, support also at 18-DMA near $1,520. $1,556-1,565 resistance on the December gold futures contract:Read More

Are rates on the Ten-Year Note finally bottoming? Quite possibly, according to technical indicators that we monitor closely. T-Notes touched a low last week of 1.47% after plummeting almost relentlessly from 3.49% last November. GDP was running at around 3% back then, and almost no one other than a few hardcore deflationists, your editor among them, saw rates on the Ten-Year falling below 2%....Read More

There is still some apprehensions over the sustainability over the rise in silver price. Most investors (in my view) prefer gold over silver. Even my elder brother does not like to invest in silver. The reason is that four years ago he had invested in physical silver at Rs.53,000 per kilogram and the price is yet to come. Gold's preference over silver will continue among old traders and investor...Read More

The Africa and Australia focused contractor increased NPAT 23% in FY19, a year in which it consolidated the A$270 million acquisition of underground hard-rock mining contractor Barminco, on revenueRead More

The Turkish steel producers have remained quiet in the deep-sea scrap markets, expecting lower prices, after recently booking a number of cargoes for early-September deliveries, sources said on Thursday August 29.Most recent bookings involved US and UK cargoes sold at $270 per tonne cfr for HMS 1&2 (80:20), dragging the daily indices down by almost $12 per tonne on August 27.But the mills have low...Read More

Markets remain nervous on Thursday August 29, especially since the next wave of US tariff increases on Chinese goods are set to come into effect on September 1 and the US yield curve is showing the deepest inversion since 2007, with the 30-year yield falling to a historic low on Wednesday. Apart from nickel and to a lesser extent lead, most base metals prices remain in low ground, seemingly becaus...Read More

I smoked a joint this morning before I even had breakfast.This is not normal for me.In fact, I rarely partake of the plant until well after the market has closed.But I had a horrible night's sleep last night, and I've been very stressed out lately.So this morning, I drank a tall glass of water, made a cup of coffee, sat on my porch, smoked a joint, and listened to the waves of the lake crash up ag...Read More

Turkish prices for hot-dipped galvanized coil (HDG) and color-coated coil decreased over the week ended Thursday August 29, with the market still slow because of falling prices, sources told Fastmarkets.The country's main export market, Europe, was still in its holiday season, so the export sector remained slow.Domestic pricesDemand in the country's local market was poor over the pricing week beca...Read More

Turkish prices for hot-rolled coil and cold-rolled coil (HRC, CRC) decreased over the week ended Thursday August 29, with demand remaining soft, sources have told Fastmarkets.Buyers wanted to wait to see when prices will reach a bottom before placing orders, while end-user demand was still subdued by the summer holiday season.HRC exportsTurkey's export market price for HRC decreased this week on l...Read More

Transaction prices for domestic hot-rolled coil in Europe are expected to move up in the next couple of weeks on a seasonal recovery of trading activity, market sources say.But any price increase will likely be short-lived due to weak demand among end users. Such a scenario would have a negative impact on distributors caught between mills looking to raise prices and end users resisting such effort...Read More

Turkish domestic rebar prices have seen a slight recovery because of the weakness of the country's lira, although demand for material was still poor, sources said on Thursday August 29.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar) domestic, exw Turkey, was TRY3,000-3,030 ($515-521) per tonne on Thursday, up from last week's TRY2,970-3,030 per tonne ex-works, including 18%...Read More

Turkish long steel export prices have gone down over the past week due to sluggish demand and falling raw material costs, sources said on Thursday August 29.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), export, fob main port Turkey, was $435-440 per tonne on Thursday, down from last week's $440-450 per tonne fob on an actual weight basis.Turkish producers have reduced...Read More

The import price for steel billet in Egypt fell in the week ended Thursday August 29, with market activity limited because buyers want to wait until a court decides on the imposition of an import safeguard duty and prices hit bottom.Egypt's Administrative Court suspended temporary safeguarding duties on billet and rebar in July, prompting a flurry of legal activity, which eventually led to the sch...Read More

The Fastmarkets MB 65% Fe Brazil-origin iron ore fines index, first published in January 2014, was launched with a six-month published price history. This data, dating to August 2013, was calculated internally prior to the index's launch. Due to a technical issue, the data series found in Price Book and Fastmarkets' Excel Add-In only extended to July 2014. The full history, including the extended...Read More

Due to a technical issue, Fastmarkets MB's 65% Fe Brazil-origin iron ore fines index data series found in the Fastmarkets Excel Add-in had some missing data. The missing data was scattered from November 2014 to March 2015.The missing data was from November 26, 2014 to December 5, 2014; December 16, 2014; from December 22, 2014 to January 5, 2015; January 16, 2015; and from January 19, 2015 to Marc...Read More

The Turkish steel producers have remained quiet in the deep-sea scrap markets, expecting lower prices, after recently booking a number of cargoes for early-September deliveries, sources said on Thursday August 29.Most recent bookings involved US and UK cargoes sold at $270 per tonne cfr for HMS 1&2 (80:20), dragging the daily indices down by almost $12 per tonne on August 27.But the mills have low...Read More

Turkish steel billet prices have gone down over the past week in line with falling scrap values and limited demand for the material, sources said on Thursday August 29.Fastmarkets' weekly price assessment for steel billet, import, cfr main port Turkey, was $395-405 per tonne on Thursday, down from last week's $410-415 per tonne cfr.The suppliers in the Commonwealth of Independent States (CIS) have...Read More

RambusThe most important part of investing is knowing if you are in a bull or bear market. It's always much easier to trade in the direction of the main trend. There are times when a market is reversing from bull to bear or vise versa that there is not a lot of confirmation the turn has completed which leaves one apprehensive about getting fully invested. The more clues you can get that the majo...Read More

By: Ira EpsteinGold needs to hold $1,535.30 to hold strong uptrend, support also at 18-DMA near $1,520. $1,556-1,565 resistance on the December gold futures contract:Read More