Compagnie de Tifnout Tiranimine (CTT) cut cobalt production at its operations in Morocco at the beginning of the August and will continue to operate at a lower rate in September as a result of low cobalt prices. Production will be reduced by 40-50% in August and September. In addition, there will be a full 10-day closure for maintenance in September, Fastmarkets understands. Production was initial...Read More
This is Corvus brachyrhynchos - better known to you and me as the American crow.To most people, crows are nuisance birds. They're loud, squawking pests that tear open residential trash bags left on the curb for pick-up. And when they're not making a mess of your curb, they're out in farmers' fields eating their crops - hence the scarecrow.But the crow is very special among birds.Crows are extremel...Read More
Turkish prices for hot-dipped galvanized coil (HDG) and color-coated coil were stable over the week ended Friday August 16, with the market slow because of the Eid al-Adha religious holiday, sources told Fastmarkets.Turkey was on eid holiday on August 12-14, and the market was stable over the other two working days of the week.Domestic pricesDemand in the country's local market was poor over the p...Read More
Turkish export prices for hot-rolled coil (HRC) decreased over the week ended Friday August 16 while the prices for other flat-steel products were stable because of the Eid al-Adha religious holiday, sources told Fastmarkets.Turkey was on eid holiday on August 12-14, and the market remained steady over the other working days of the week.Some market participants believed that prices could fall in t...Read More
Here is the video summary of the August 15th INK Morning report where insiders are continuing to buy ECN Capital ( ECN) shares despite it outperforming the S&P 500 by 28% over the past year.INK Research and Canadian Insider are both subscriber-supported. We do not accept payments from issuers or promoters for stock coverage.Script (check against delivery):Over the past year, ECN Capital has been...Read More
China's hot-rolled coil prices recovered some losses on Friday August 16 after trading activity returned to moderate levels, which led mills to turn down low bids in the export market.DomesticEastern China (Shanghai): 3,720-3,730 yuan ($529-530) per tonne, up 10 yuan per tonneNorthern China (Tangshan): 3,720 yuan per tonne, unchangedHRC futures largely trended upward during the day, which led to t...Read More
Domestic prices for secondary steel billet in India spiked up by at least 1,600 rupees per tonne mid-week to 27,200-27,400 rupees ($380-383) per tonne ex-works, on increased numbers of inquiries, but ended on Friday August 16 with only a marginal week-on-week increase of 100 rupees per tonne as inquiry levels dwindled.The price of steel billet, domestic, ex-works India,was assessed by Fastmarkets...Read More
Domestic rebar prices in Poland have moved up over the past week supported by good demand, sources told Fastmarkets on Friday August 16.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), domestic, exw Poland was 2,150-2,200 zloty ($547-559) per tonne on August 16, compared with 2,150-2,170 zloty per tonne...Read More
Turkey's military pension fund, OYAK, has reached a provisional agreement to buy steelmaker British Steel, OYAK said on Friday August 16. OYAK is the biggest shareholder of Turkey's largest steel producer, Erdemir Group, and this agreement is a step toward in its goal to become a regional leader in steel sector, OYAK said. British Steel entered into compulsory liquidation in May 2019 and rece...Read More
Ferrous scrap prices were down or unchanged in all of the major markets during the working week ending Friday August 16, following limited trading and poor demand after a pause in market activity for a religious holiday.The Eid al-Adha holiday subdued trading in Turkey and other Middle Eastern countries as well as the markets where they trade. Trading activity remained slow for the remainder of th...Read More
The import pig iron market in the United States was muted during the week ended Friday August 16 with buyers in wait-and-see mode, sources have told Fastmarkets.Fastmarkets' price assessment for pig iron, import, cfr Gulf of Mexico, US, was unchanged at $365-368 per tonne on Friday, reflecting the level of the latest deals heard in the market in late July."The [market] level remains $365 [per tonn...Read More
The Turkish steel mills have held back from deep-sea scrap import activity this week because the market was mostly closed due to the Islamic holiday in the country, sources said on Friday August 16.The Turkish market and those in other Middle Eastern territories were closed until August 15 for the Islamic Eid al-Adha celebrations, and a lot of market...Read More
Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 346,22356,13347,458136,823460,550530,504564,141 Change from Prior Reporting Period -4,335-1,880-2,447-187-785-6,969-5,112 Traders 23262785758315175 Small Speculators LongShortOpen Interest 63,45829,821593,962 614-1,243-6,355 non reportable...Read More
By: Gary SavageGold into a resistance zone. Last line of defense for a gold bullion bank trapped and squeezed in a short position? Gold anticipating another Fed rate cut?Gary SavageRead More
Recorded August 14th, 2019. * Mp3 format.HighlightsTrends Research Institute's Gerald Celente returns with more good news for PMs aficionados. The original trends researcher correctly called the market breakout on June 6th. His model suggests a retest of the previous all-time record high around $1,900 is likely. $2,000+ gold is possible due in part to the nascent Great Recession 2.0, circa 20...Read More
Gary TanashianAmazing isn't it? It was only back in H2 2018 when everybody but you (because you are as smart as I think you are or because you read NFTRH or nftrh.com) and me was unbelievably bearish about the TREASURY BOND BEAR MARKET!!!Today... not so much. The herd is absolutely pile driving bonds right now.I know this all too well because while my SHY (cash equiv.) position is doing we...Read More
By: Ira EpsteinI've stopped believing Trump when he talks about China/trade. Mexico cut its interest rate. Europe nearing its bazooka round of cuts and more. Gold has been acting as a safe-haven. I think the interest rate scare is a big part of this move in gold..Read More
Trend for gold and silver is bullish. Better than expected US retail sale numbers did not result in correction. Some section of traders are expecting an interest rate cut next month. China will retaliate against US trade tariff. I am not writing big lines. Positive economic news has not resulted in correction in gold prices. Momentum is very bullish. Look for signs of small $15-$20 correction in...Read More
Domestic prices for secondary steel billet in India spiked up by at least 1,600 rupees per tonne mid-week to 27,200-27,400 rupees ($380-383) per tonne ex-works, on increased numbers of inquiries, but ended on Friday August 16 with only a marginal week-on-week increase of 100 rupees per tonne as inquiry levels dwindled.The price of steel billet, domestic, ex-works India,was assessed by Fastmarkets...Read More
Harley Schlanger's work can be found at LaRouchePAC.com.Read More