Market participants have kept a close eye on the softening European selenium price over the summer for clues on how the market will perform from September when activity usually starts to pick up. Fastmarkets assessed the price of selenium in-whs Rotterdam at $7.50-9.50 per lb on Friday August 30, unchanged from the previous assessment but still under pressure with several offers pending at th...Read More

Turkish steel producers stayed away from the deep-sea scrap market for a second day this week, with no new cargoes booked on Tuesday September 3, sources told Fastmarkets.No new cargoes have been booked since Tuesday last week when, day on day, prices dropped by $11.55 per tonne. Market participants said they had heard rumors of possible new trades, but wanted to wait until the...Read More

Following a flip in global steel and ferrous trade flow trends last year caused by economic jitters in Turkey, trade defenses by the United States and production cuts in China, this year it is steel prices that are turning upside down. Hot-rolled coil (HRC) prices are now below rebar prices in a phenomenon rarely seen outside of the Chinese domestic markets. HRC import prices in Vietnam have...Read More

The Turkish steel producers have started the week quietly, and have not booked any new deep-sea scrap cargoes despite a heavy drop in prices last week, sources said on Monday September 2.The markets have been silent since August 27, when prices dropped by $11.55 per tonne day on day on news of the latest trades.Since then, however, traders have stepped back...Read More

Nickel remains in the spotlight because the market now has concrete news to adjust to and tin seems to be rising on nickel's coattails, with Indonesia being the second largest producer of tin in the world.The other metals and markets in general are now waiting for further news on when United States-China trade talks will resume - given generally poor manufacturing purchasing managers' index (PMI)...Read More

Today, Greg Rickford, Minister of Energy, Northern Development and Mines, announced that Devlin Timber is receiving $268,010 to purchase logging trucks that will provide additional safety for drivers and enhance log hauling service in the region.Devlin Timber is a local forestry company in Kenora that cuts and hauls timber for several forestry companies in the area. "Our government is committed to...Read More

The mainstream financial media has gone recession-happy. Here are today's market headlines:"Here's a List of Recession Signals that are Flashing Red" - CNBC"Will America Talk Itself Into a Recession?" - New York Times"Recession Warning Signs Are Flashing" - ForbesThe signals are real. There is the inverted yield curve, which has signaled the last seven recessions (after a 22-month delay on average...Read More

Here is the video summary of the August 26th INK Morning report where we compare insider activity at Canopy Growth (WEED) to Auxly Cannabis Group (XLY) and suggest it may tell us something about which business model is stronger.Script (check against delivery):Last week, we saw some officer selling at Canopy Growth (WEED) and some CFO buying in much smaller Auxly Cannabis Group (XLY).For the most...Read More

Key suppliers of flat steel to Russia's Central Federal District around Moscow kept their prices unchanged during the week ended Monday September 2, with no apparent reason for the shifts that have been seen in the domestic market, sources have told Fastmarkets.Fastmarkets' weekly price assessment for steel hot-rolled sheet, domestic, cpt Moscow, Russia, was unchanged at 45,100-45,500 roubles ($67...Read More

Export prices for Chinese cold-rolled coil and hot-dipped galvanized coil increased over the past week due to the limitations imposed on steelmakers' output in September and October being expected to provide support for prices, sources said.More than 30 mills in China's steelmaking hub of Tangshan were instructed to reduce sintering and blast furnace operations by up to 50% between September 1 and...Read More

Following a flip in global steel and ferrous trade flow trends last year caused by economic jitters in Turkey, trade defenses by the United States and production cuts in China, this year it is steel prices that are turning upside down. Hot-rolled coil (HRC) prices are now below rebar prices in a phenomenon rarely seen outside of the Chinese domestic markets. HRC import prices in Vietnam have...Read More

Here are five Fastmarkets MB stories you might have missed on Tuesday September 3 that are worth another look.Following a flip in global steel and ferrous trade flow trends last year caused by economic jitters in Turkey, trade defenses by the United States and production cuts in China, this year it is steel prices that are turning upside down.The seaborne high-grade manganese ore index fell in the...Read More

Prices for steel rebar and billet imported into the United Arab Emirates have decreased over the past week, with demand remaining poor, sources said on Tuesday September 3.Market participants believed that demand would improve after the price falls stopped, because buyers did not want to book while prices were still on their way downward.Domestic rebarEmirates Steel is the UAE's largest producer,...Read More

Following a flip in global steel and ferrous trade flow trends last year caused by economic jitters in Turkey, trade defenses by the United States and production cuts in China, this year it is steel prices that are turning upside down. Hot-rolled coil (HRC) prices are now below rebar prices in a phenomenon rarely seen outside of the Chinese domestic markets. HRC import prices in Vietnam have...Read More

Turkish steel producers stayed away from the deep-sea scrap market for a second day this week, with no new cargoes booked on Tuesday September 3, sources told Fastmarkets.No new cargoes have been booked since Tuesday last week when, day on day, prices dropped by $11.55 per tonne. Market participants said they had heard rumors of possible new trades, but wanted to wait until the...Read More

Stewart Thomson, Graceland Updates 1. The US yield curve inversion suggests the next recession is about 18-24 months away. That recession could mark the start of a long period of stagflation like 1966-1980.2. Please click here now. Double-click to enlarge this long-term bond market chart.3. Some gold analysts have noted the H&S top pattern in play, but it's important to wait...Read More

Clive MaundThe distinguishing feature of fiat money systems is that they are licentious - they are created by corrupt politicians so that they can act without restraint by, for example, promising the citizens the Earth in order to improve their chances of being re-elected. The population can pick up the tab later in the form of devalued money that buys them less. The current dollar fiat money sy...Read More

StrengthsThe best performing metal this week was platinum, up 8.86 percent. Platinum had its best week since 2011 as haven demand for gold expands to other precious metals. Gold rose to as much as $1,550 an ounce this week due to the escalated U.S.-China trade war. And silver is catching up....Read More

By: Avi Gilburt I am often asked to provide a sample of the analysis I provide to members. So, in this week's article regarding the stock market, I chose to reproduce the general discussion I provided within my analysis posted to members on Saturday night. Please understand that my detailed charts and the discussion of the specific smaller degree analysis is being left out from this public upda...Read More

By: Ira EpsteinGDX - gold stocks looks weaker on the charts than gold does:Read More