Hebei, China's largest steelmaking province, will embark on a capacity replacement program this year that would see the removal of 2.5 million tonnes per year of crude steel capacity and 4.44 million tpy of that for the production of iron.The move will involve the installation of converters with crude steel capacity amounting to 13.85 million tpy, and the shutting...Read More

Recent losses in the Chinese ferro-silicon price deepened over the past week in line with persistently softer demand, while the European market was steady, although a lack of buying interest was expected to weigh on prices in the near term. Export price in China drops on weak buying interest while domestic market tracks trendEuropean market under downward pressureUS FeSi prices firm on small trans...Read More

Technical analyst Clive Maund presents his dystopian view of the future. The 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...Read More

Ferro-chrome prices continue to weaken in Europe due to producers' competition for sparse consumer interest. Alloy prices in Europe still weakening at lowest levels since 2009Ore and alloy prices hold in ChinaAlloy prices tick up in South Korea on potential Indian supply disruption US FeCr prices remain flat on thin tradingThe European ferro-chrome price softened slightly to a fresh ten-year low o...Read More

Fastmarkets presents five main takeaways from the Ferroalloynet 16th International Manganese Products conference in Ulanqab, in northern China's Inner Mongolia, on August 28-30. Growth of steel demand in China likely to slow in H2 2019... Both supply and demand for steel in China will maintain a relatively steady pace in the second half of the year, but the growth rate will be slower compared with...Read More

The Dow and S&P 500 saw their three-day winning streaks snappedThe Dow kicked off September on a sour note today, logging a 285-point drop. The latest round of U.S.-China tariffswent into effect over the weekend, and China responded in kind by filing a complaint against the U.S. with the World Trade Organization (WTO). A dismal batch of U.S. factory data only exacerbated concerns over a slowing gl...Read More

This analyst predicts a major market moving event happening as soon as August 13.After nearly 27-years studying the stock market as a hedge fund manager, broker, and analyst, onesenior analyst thought he was prepared for everything Mr. Market threw his way.But last December he got word of a huge market event that's now less than 60 days away.He sent an urgent note to over 75,000 people who, over...Read More

Chinese hollow section products are set to take a bigger share of the global market in the future, having increased their visibility over the past few years due to their competitive prices and quality, according to Paul Zhao, the export director of China's Yuantai Derun Pipe Manufacturing Group."China will export more hollow steel sections due to the increasing global demand from emerging markets,...Read More

ABB stock just ran up to its 200-day moving average -- a historically bearish signal on the charts Electrical equipment manufacturer ABB Ltd (NYSE:ABB) isdown 1.7% at $18.69 at last check. Looking back, ABB attempted a rebound off its three-year low of $17.71, before running out of steam on Friday just below a familiar area of pressure at its 100-day moving average. The stock just ran up to anothe...Read More

Reading the new today of the riots andprotests in Hong Kong as well as the military action between Iran and Israelsuggests to us that the metals markets are poised for a very big run this weekand possibly much further into the future.This type of Chaos creates a level ofuncertainty in the global markets that will prompt a massive surge in theprecious metals markets as traders and investors continu...Read More

A long-term trendline could prove pivotal for RUN tradersScanning some of our internal data today, one name worth looking at is Sunrun Inc (NASDAQ:RUN). That's because the shares have been testing their 320-day moving average, and the trendline seems to be serving as technical support. That wouldn't be too surprising, since data from Schaeffer's Senior Quantitative Analyst Rocky White shows the st...Read More

VXX is trading near a trendline with historically bearish implicationsThe U.S. stock market sold off sharply in August as U.S.-China trade tensions ramped up. The negative price action in equities created a boon for several volatility trackers, including the iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX), which rallied all the way up to a two-month high of $31 by mid-August. This region c...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

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

Macau's 8.6% revenue drop in August has WYNN and MGM stocks feeling the heat todayStocks are kicking off September on a sour note, amid contracting manufacturing data and newly imposed tariffs on U.S. and Chinese goods. Even more disappointing data out of Chinese gambling mecca Macau has casino names Wynn Resorts, Limited (NASDAQ:WYNN) and MGM Resorts International (NYSE:MGM) sinking, while dru...Read More

Northern hemisphere summer is over. It has been a golden summer this year. Silver outperformed gold. Some of you were telling me how I was not hyper bullish on silver. My answer is that, I have been an outright silver bull since I started analyzing precious metals in 2003 and will remain bullish on silver till I am alive. However I been scorned by clients, family and friends over the past few ye...Read More

The Institute for Supply Management's (ISM) manufacturing index showed contraction in AugustThe Dow Jones Industrial Average (DJI) continues to trade lower, weighed down by concerns around the U.S-China trade relationship. Downbeat economic data could be hurting stocks, too, with the U.S. manufacturing sector contracting in August for the first time since 2016, and construction spending rising le...Read More

TLRY shares have had a horrible yearLooking through this morning's analyst updates on Wall Street, one of the most jarring is a huge bear note on marijuana stock Tilray Inc (NASDAQ:TLRY). Cowen just came with a monster price-target cut to $60 from $150, and even this is a major premium to the equity's current perch. At last check, it was quoted at $25.93, up 1% on the day. TLRY has certainly earne...Read More