December was a slow month for stainless steel demand in Europe, according to distributors who have also complained since October of diminishing margins. "The market was lousy this month, very quiet demand. Only the first couple days of December were ok, but even then they weren't great. Prices have been going down for months, we're not making margins, so...Read More
Turkish scrap import prices decreased on Friday December 21, with buyers bidding at lower prices, sources told Fastmarkets MB.European origin HMS 1&2 (80:20) was on offer at $290 per tonne cfr to Turkey, while buyers were bidding $275-280 per tonne cfr for the material. One seller told Fastmarkets that...Read More
Prices for alloy steel scrap imported into Europe weakened further this week, with the bearish trend expected to persist into the first quarter of 2019, market sources told Fastmarkets MB on Friday December 21.Despite European sources saying they had been pleasantly surprised by the level of trading activity that took place in December so far, given that the Christmas holiday is just around the co...Read More
The following Fastmarkets non-ferrous European free market scrap prices changed on Friday December 21:Aluminium scrapCast: ?,?970-1,010 per tonne from ?,?960-1,010Mixed turnings 6%: ?,?820-870...Read More
Bulk-shipment bookings in Vietnam and South Korea have not prevented Asia ferrous scrap prices from continuing on a downward trend.Market participants were not hugely active in the market and reported reduced business activities in key import markets due to a year-end demand lull.Vietnam Fastmarkets' import price assessment for heavy melting scrap (HMS) 1&2 (80:20) sold into Vietnam was $316-317 p...Read More
Two things have me becoming more and more bullish with respect to gold prices. Stock market weakness, or should I say carnage, has left many investors battered and looking for a safe haven in the storm. Like gold. The U.S. dollar has the potential to go lower as interest rates hikes are potentially moderated and as the economy going forward has many downside risks. A lower U.S. dollar is positive...Read More
Gregory Mannarino started his financial career working for the securities and trading arm of the now defunct Bear Stearns before the dot-com bubble. He is an active trader of the capital markets and has published several books pertaining to finance, global economics, and equity trading; His most recent book is titled Ultimate Guide To Money and The Markets (free ebook). Gregory currently hosts a b...Read More
"I think it's fair to say Americans will remain on the ground after the physical defeat of the caliphate, until we have the pieces in place to ensure that that defeat is enduring."Continue...Read More
A BMO Capital Markets report presented the terms of the transaction and related financing. Pretium's Brucejack MineIn a Dec. 18, 2018, research note, BMO Capital Markets analyst Andrew Kaip reported that Pretium Resources Inc. (PVG:TSX; PVG:NYSE) bought back the 8% gold and silver stream on the Brucejack mine for US$237 million and refinanced the company's existing construction credit facility, b...Read More
James Pettit, CEO of Aben Resources talks with Maurice Jackson of Proven and Probable about his company's summer drill program in the Golden Triangle, as well as projects in the Yukon and Saskatchewan. Maurice Jackson: Welcome to Proven and Probable. I'm your host, Maurice Jackson. Joining us today is James Pettit, the president, CEO and director of Aben Resources Ltd. (ABN:TSX.V; ABNAF:OTCQB). M...Read More
As we’ve been saying, the stock market will have great influence on Gold. It has been easy to see in recent months.The S&P 500 has cracked, losing both its 200-day and 400-day moving averages. Gold and gold stocks have benefitted and gained in recent months even with a stable to rising US Dollar.The past 65 years of history shows us that in almost any context (but not all) the time betwe...Read More
Sector expert Michael Ballanger examines the effects of the Federal Reserve Bank interest rate increase and plans for 2019. "Gold is the money of kings. Silver is the money of gentlemen. Barter is the money of peasants. And debt is the money of slaves."Here are a couple of facts one needs to remember when attempting to decipher yesterday's Federal Open Market Committee (FOMC) announcement and pres...Read More
The dovish FederalReserve lit a fire under gold and its miners’ stocks this week. As universally expected the FOMC hiked ratesfor the 9th time in this cycle. But it alsolowered its 2019 rate-hike outlook bowing to the stock-market selloff. Traders dumped gold initially thinking thatwasn’t dovish enough. But marketreactions to the FOMC form over a couple days, an...Read More
Full Report: The Gold Bulls Just Regained the Upper Hand By: Frank HolmesCommodity traders appear excited about gold again as stocks are on pace for their worst year since 2008, and their worst December since 1931. Bullish bets on the yellow metal outnumbered bearish ones for the week ended December 11, resulting in the first instance of net positive contracts since July, according to Commodity...Read More
The Dow Jones Industrial Average fell 799 points at the beginning of this month, just one day after a truce between U.S. President Donald Trump and Chinese President Xi Jinping on their trade dispute following weekend talks in Argentina. And we've seen more turbulence and runoff throughout the month. Do you know why? Because investor optimism over a resolution faded.Trump himself warned he would r...Read More
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Portfolio Manager, attorney, finance author, a regular guest on North American media. Danielle Park is the author of the best selling myth-busting book "Juggling Dynamite: An insider's wisdom on money management, markets and wealth that lasts," as well as a popular daily financial blog: www.jugglingdynamite.com. Danielle worked as an attorney until 1997 when she was recruited to work for an intern...Read More
The movies is back and we got a brand new franchiseMy Patreon: https://www.patreon.com/callmekevinMerch: https://kevin.fanfiber.com/Twitter: http://twitter.com/callmekevin1811PO BOX:KevinP.O BOX 40Midleton DSUCo.CorkIrelandEdited by @Kippesoep001 and KevinPatreon Producers ?(TM)?A Thirsty GhostAaron WatsonAdam HarmstonAdam MidderighAdamska MarazziAlec McGillivrayAlex OhlsenAlice PainterAlineAmy So...Read More
Gold broke above the $1250 supply level on Wednesday ahead of the Fed's interest rate rise this week but was then sold down on the Continue...Read More
[December ,2018] Harry Dent ??"? Signs The Global Financial Reset Has Begun #financialnews, #stockmarketnewstoday, #economicreportRead More