Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. Last week, the Index rose 1.79 points to close at 886.24.MACD fell over 9 points to 1.63. RSI edged 0.06 points higher to 55.78.Support is at 815.07 and 847.62 (50-day moving average). Resistance is at 900 and 909.82 (upper Bollinger band).As far as performance goes, the INK Canadian Insi...Read More
Here are five Fastmarkets stories you might have missed on Friday May 8 that are worth another look.The United States' anti-dumping duties on imports of oil country tubular goods (OCTG) from Ukraine will remain in place, the Commerce Department said in the final result of its first five-year sunset review of the product.Rio Tinto is partnering on a project to develop a zero-emission bus made of al...Read More
Here are five Fastmarkets stories you might have missed on Friday May 8 that are worth another look.The United States' anti-dumping duties on imports of oil country tubular goods (OCTG) from Ukraine will remain in place, the Commerce Department said in the final result of its first five-year sunset review of the product.Rio Tinto is partnering on a project to develop a zero-emission bus made of al...Read More
About 20.5 million US jobs were lost in April, the steepest plunge in payrolls since the Great Depression, Reuters reported - although the figure was smaller than analysts' expectations of 22 million jobs lost.Further reports including retails sales data are due out this week.Gold has returned to hover around the US$1,700 an ounce mark on the spot market, about $1,704/oz earlier.Anglo American (LS...Read More
Here are five Fastmarkets stories you might have missed on Friday May 8 that are worth another look.The United States' anti-dumping duties on imports of oil country tubular goods (OCTG) from Ukraine will remain in place, the Commerce Department said in the final result of its first five-year sunset review of the product.Rio Tinto is partnering on a project to develop a zero-emission bus made of al...Read More
Here are five Fastmarkets stories you might have missed on Friday May 8 that are worth another look.The United States' anti-dumping duties on imports of oil country tubular goods (OCTG) from Ukraine will remain in place, the Commerce Department said in the final result of its first five-year sunset review of the product.Rio Tinto is partnering on a project to develop a zero-emission bus made of al...Read More
Ed Steer YESTERDAY in GOLD, SILVER, PLATINUM and PALLADIUM09 May 2020 -- SaturdayThe gold price traded unevenly sideways to a bit lower until shortly before 1 p.m. China Standard Time on their Friday afternoon. It crept a bit higher from there until the high tick of the day was set at, or just before, the 10:30 a.m. BST morning gold fix in London. It was sold back to about the unchanged mar...Read More
Chris MarcheseChief Mining Analyst, GoldSeek & SilverSeekWeek Ended May-10, 2020$USAS, $BTG, $GOLD, $CXB.TO, $DPM.TO, $EQX, $FNV, $GSS, $GORO, $GLDX.V, $GCM.TO, $HL, $IAG, $KL, $LUG.TO, $NEM, $OCG.TO, $PAAS, $RGLD, $SAND, $SKE.V, $SKREF, $TMR.TO, $TMMFF $TXG.TO, $TORXF, $KGC, $WDO.TO, $WDOFF, $WPMAmericas Gold & Silver: Announced a C$25m bought deal offering as it entered into an agreement w...Read More
By: Gary SavageThe most violent recoveries ever. The bad employment report sent markets rallying. Looking to fill the gap above before the daily cycle top..Gary SavageRead More
By: Ira EpsteinUnemployment data is not representative of the true situation. Gold's Bollinger upper band, on the monthly chart, is a resistance like a fence -- $1731 area. Weekly gold chart $26 from a record close. Is it a pennant?Read More
Five LessonsChanges ComingAround the World from My HomeWe live in truly historic times. "There are decades when nothing happens, and weeks when decades happen," says a quote usually attributed to Vladimir Lenin. It certainly fits now.For thousands of years, people who lived through what we call "history" didn't realize it. We are the exceptions. We're seeing history and we know it. The Vietnam W...Read More
Here are five Fastmarkets stories you might have missed on Friday May 8 that are worth another look.The United States' anti-dumping duties on imports of oil country tubular goods (OCTG) from Ukraine will remain in place, the Commerce Department said in the final result of its first five-year sunset review of the product.Rio Tinto is partnering on a project to develop a zero-emission bus made of al...Read More
China produced 6.08 million tonnes of crude stainless steel in the first quarter of 2020, down by 9.04% from a year earlier, according to data released by the China Stainless Steel Council (CSSC) on Thursday May 7.Apparent consumption totaled 4.90 million tonnes in the first three months of this year, down by 806,100 tonnes or 14.12% from the same...Read More
Member mills of the China Iron & Steel Association (Cisa) raised their production rates in late April on steady demand and healthy profits, according to data released on Friday May 8.April 21-30 outputCrude steel: 2.01 million tonnes per day, up by 3.1%Finished steel: 2.04 million tpd, up...Read More
The European Commission (EC) might start an anti-dumping case into imports of hot-rolled coil originating from Turkey, market sources told Fastmarkets on Thursday May 7.European steel association Eurofer has lodged a complaint with the EC, alleging that HRC has been exported from Turkey at dumped prices."In April 2020, a new [anti-dumping] investigation was opened into HRC from Turkey," ArcelorMit...Read More
Here are five Fastmarkets stories you might have missed on Friday May 8 that are worth another look.The United States' anti-dumping duties on imports of oil country tubular goods (OCTG) from Ukraine will remain in place, the Commerce Department said in the final result of its first five-year sunset review of the product.Rio Tinto is partnering on a project to develop a zero-emission bus made of al...Read More
Chris MarcheseChief Mining Analyst, GoldSeek & SilverSeekWeek Ended May-10, 2020$USAS, $BTG, $GOLD, $CXB.TO, $DPM.TO, $EQX, $FNV, $GSS, $GORO, $GLDX.V, $GCM.TO, $HL, $IAG, $KL, $LUG.TO, $NEM, $OCG.TO, $PAAS, $RGLD, $SAND, $SKE.V, $SKREF, $TMR.TO, $TMMFF $TXG.TO, $TORXF, $KGC, $WDO.TO, $WDOFF, $WPMAmericas Gold & Silver: Announced a C$25m bought deal offering as it entered into an agreement w...Read More
By: Ira EpsteinUnemployment data is not representative of the true situation. Gold's Bollinger upper band, on the monthly chart, is a resistance like a fence -- $1731 area. Weekly gold chart $26 from a record close. Is it a pennant?Read More
Five LessonsChanges ComingAround the World from My HomeWe live in truly historic times. "There are decades when nothing happens, and weeks when decades happen," says a quote usually attributed to Vladimir Lenin. It certainly fits now.For thousands of years, people who lived through what we call "history" didn't realize it. We are the exceptions. We're seeing history and we know it. The Vietnam W...Read More
Here are five Fastmarkets stories you might have missed on Friday May 8 that are worth another look.The United States' anti-dumping duties on imports of oil country tubular goods (OCTG) from Ukraine will remain in place, the Commerce Department said in the final result of its first five-year sunset review of the product.Rio Tinto is partnering on a project to develop a zero-emission bus made of al...Read More