The Turkish deep-sea scrap import market went quiet on Monday February 12, digesting the latest bookings done at the end of last week.Turkish steelmakers were active in the bulk ferrous scrap market over the preceding seven days, booking at least eight bulk ferrous scrap cargoes from suppliers in the United States, the UK and...Read More

By Bill HolterMarkets around the world are convulsing which is definitely different than anything we have seen in over a year. We also know that interest rates are going higher all over the world. In fact, if you look at rates going back to 1981, the downtrend line(s) has been broken and thus a very major change. Generational trades and 37 year trend lines are rare on their own, when they finall...Read More

Listen on BlogTalkRadioKerry Lutz of the Financial Survival Network (FSN) interviewed GoldCore's Mark O'Byrne about the outlook for crypto currencies, financial markets and precious metals.- Are bitcoin and crypto prices being manipulated like precious metals?- Is there a coordinated backlash against bitcoin from JPM and powerful interests?- 95% of cryptocurrencies and ICOs will likely go to zer...Read More

"How disturbed must a person be to do what they did to a mother of five children? This dangerous and reckless act goes beyond political differences."Continue...Read More

U.S. equities got a free ride on the Trump train after his election, even as Federal Reserve officials hiked interest rates. That ride may have ended last week.If commentators are correct and the blame for recent selling in the stock market falls on the burgeoning fear of rising interest rates, it looks like Fed tightening is finally having the effect many predicted when the cycle began.Most curre...Read More

By PlungerVolatility has now returned to the stock market after a hibernation of several years. An explosion of volatility normally is indicative of a change of trend. The recent signals transmitted by this market have been classic and has been telling us that we have entered the final topping process of this extended and stretched economic cycle. The trading over the past 7 market sessions f...Read More

Turkish domestic auto bundle scrap prices have shown mixed dynamics over the past week, with some mills reducing their prices in line with falling imported scrap values, while other mills raised their prices to buy more material, sources said on Monday February 12.A number of steel mills in Turkey reduced their buy prices for scrap material by TRY10-15 ($3-4) per tonne in the past seven days, whil...Read More

The markets have changed and many are going to get "taken to the cleaners."Last year, 2017, was a not a normal year for stocks. Stocks as an asset class are not meant to go straight up without even a 1% pullback. But that is precisely what happened for nearly an entire year.Now that massive market rig is over. And anyone who continues to invest as though it's 2017 is going to get annihilated in th...Read More

Source: Michael J. Ballanger for Streetwise Reports 02/09/2018 The physical metals will continue to outperform mining shares until there is some stabilization in the global arena, posits precious metals expert Michael Ballanger. -->In the "I hate to say I-told-you-so" category, it looks like the Punxsutawney Phil came out of his den last week, took one look at the state of the global stock...Read More

How Not To Predict Interest RatesWe continue our hiatus from capital destruction to look further at interest rates. Last week, our Report was almost prescient. We said:The first thing we must say about this is that people should pick one: (A) rising stock market or (B) rising interest rates. They both cannot be true (though we could have falling rates and falling stocks).We write these Reports ove...Read More

Iron ore prices fell slightly but stayed above $76 per tonne cfr China on Monday February 12 amid a slowdown in trading in the physical market.Metal Bulletin's 62% Fe Iron Ore IndexToday: $76.24 per tonne cfr QingdaoDaily change: down by $0.22 per tonneMonth-to-date average: $75.76 per tonneMetal Bulletin's 58% Fe Premium IndexToday: $60.84 per tonne cfr QingdaoDaily change: down...Read More

By Graham SummersThe markets have changed and many are going to get "taken to the cleaners."Last year, 2017, was a not a normal year for stocks. Stocks as an asset class are not meant to go straight up without even a 1% pullback. But that is precisely what happened for nearly an entire year.Now that massive market rig is over. And anyone who continues to invest as though it's 2017 is going to ge...Read More

Volatility has now returned to the stock market after a hibernation of several years. An explosion of volatility normally is indicative of a change of trend. The recent signals transmitted by this market have been classic and has been telling us that we have entered the final topping process of this extended and stretched economic cycle. The trading over the past 7 market sessions fit a classic...Read More

By Frank HolmesStrengths? The best performing metal this week was gold, down 1.26 percent. China's demand for gold jewelry rose 10 percent last year to around 700 metric tons due to increasing wealth of residents. China is the largest market for gold in the world.? Gold demand is also on the rise in India, the second largest consumer of gold, with purchases expe...Read More

China's rebar futures increased on Monday February 12 as the country's steel production hub announced more manufacturing restrictions, while spot prices were stable amid sparse trading ahead of the Chinese New Year holiday. Domestic Eastern China (Shanghai): 3,860-3,920 yuan ($613-623) per tonne, unchanged. Northern China (Beijing): 3,950-3,990 yuan per tonne, unchanged. Ferrous futures jumped by...Read More

Current Position of the MarketSPX: Long-term trend - The bull market is continuing with a top expected in the low 3000s.Intermediate trend - An intermediate correction from 2872 is currently underway.Analysis of the short-term trend is done on a daily basis with the help of hourly charts. It is an important adjunct to the analysis of daily and weekly charts which discusses the course of longer mar...Read More

By Avi GilburtFor those that follow me regularly, you will know that I have been tracking a set up for the VanEck Vectors Gold Miners ETF (NYSEARCA:GDX), which I analyze as a proxy for the metals mining market. I believe that the GDX can outperform the general equity market once we confirm a long term break out has begun, and I still think we can see it in occur in 2018. But, after last week's b...Read More

Ferro-chrome prices held in China and chrome ore prices weakened, as spot trading wound down ahead of Chinese New Year, after mills had bought in early. Ferro-chrome prices hold in China as holidays approachChrome ore prices edge lowerAlloy prices jump in Japan, South KoreaAlloy prices jumping Asia as special steel orders growUS alloys prices edge higher Ferro-chrome prices held in China and chrom...Read More

Listen on BlogTalkRadioKerry Lutz of the Financial Survival Network (FSN) interviewed GoldCore's Mark O'Byrne about the outlook for crypto currencies, financial markets and precious metals.- Are bitcoin and crypto prices being manipulated like precious metals?- Is there a coordinated backlash against bitcoin from JPM and powerful interests?- 95% of cryptocurrencies and ICOs will likely go to zer...Read More

The Indian government has imposed a 20% export duty on graphite electrodes, according to the International Rebar Producers & Exporters Association (Irepas).The Indian government has imposed a 20% export duty on graphite electrodes, according to the International Rebar Producers & Exporters Association (Irepas).The decision was taken in order to "improve domestic [electrode] supplies and promote th...Read More