Fastmarkets MB is changing the frequency of its cfr Taiwan containerized steel scrap assessment to a daily one from Monday July 1. The move follows a one-month consultation, and is aimed at capturing in greater detail the price movements for the steelmaking raw material in Asia, of which those in the territory serve as a major benchmark. This assessment was previously done on a weekly basis and pu...Read More
Chinese hot-rolled coil prices strengthened on Monday July 1 on optimism generated by the agreement to resume trade talks between China and the United States.DomesticEastern China (Shanghai): 4,000-4,020 yuan ($582-585) per tonne, up 80 yuan per tonneNorthern China (Tianjin): 3,920-3,940 yuan per tonne, up 70-80 yuan per tonneMills raised their offers over the weekend amid improved sentiment after...Read More
Prices for Chinese rebar increased sharply on Monday July 1 in both the domestic and export markets following signs of an improvement in trade relations between China and the United States over the weekend.Domestic Eastern China (Shanghai): 4,030-4,070 yuan ($587-593) per tonne, up 70 yuan per tonneNorthern China (Beijing): 3,950-3,990 yuan per tonne, up 100-110 yuan per tonneUS President Donald T...Read More
Key data from the pricing sessions in Asia and Europe for the week ended Friday June 28.ChinaKey drivers The Chinese domestic antimony price was unmoved for a fourth consecutive week, which reflects thin spot business. But the price could dip in this because some Chinese antimony suppliers have shown willingness to lower their offer prices to encourage sales to destock and generate cash flow.Still...Read More
Key data from the pricing sessions in Asia and Europe for the week ended Friday June 28ChinaChina's silicon export price slides on signs of a weakening domestic market due to more supply and limited bookings for July cargoes. Sellers open to cheaper bids to achieve sales early in expectation of slow demand in the summer lull and increasing supply during rainy season. Most refiners in Yunnan provin...Read More
Spanish stainless steelmaker Acerinox has appointed Mark Davis chief executive officer of its Bahru Stainless joint venture in Malaysia, it said on Monday July 1.Davis replaces Oswald Wolfe, who becomes director of institutional relations at Acerinox's headquarters in Madrid, Spain. Wolfe had been CEO of...Read More
Gold closed the month of June and the quarter above $1400/oz, holding the majority of its recent gains. That does not necessitate continued strength but it is a good sign.The technicals and fundamentals are finally in place for Gold.It is outperforming all major currencies and the Federal Reserve is weeks away from beginning a new cycle of rate cuts. The U.S. Dollar has lost its uptrend.The near-t...Read More
Gold closed the month of June and the quarter above $1400/oz, holding the majority of its recent gains. That does not necessitate continued strength but it is a good sign.The technicals and fundamentals are finally in place for Gold.It is outperforming all major currencies and the Federal Reserve is weeks away from beginning a new cycle of rate cuts. The U.S. Dollar has lost its uptrend.The near-t...Read More
Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:admin@guswinger.comJuly 2, 2019 Major fundamental processes and events create the large chart patterns seen on the monthly charts. It’s important for gold and stock market investors to stay focused on the big picture, both technically and fundamentally. To view the big technical picture for gold, pleas...Read More
Polymet said it raised about US$265 million by issuing the full allotment of almost 683 million shares pursuant to the offering, with Glencore acquiring more than 627 million shares to take its stakeRead More
Speaking with Mining Journal just over a year after a public listing in Stockholm that marked its big split from Atlas Copco, Epiroc president and CEO Per Lindberg said the mining-dominated businessRead More
It's been years since Obama said he would put coal companies out of business. Since then, Wall Street has ignored coal-producing stocks, making it the most undervalued sector in the market.It's true - coal production did go down during the Obama presidency. But since Trump was put in office, that has turned around.Don't get me wrong; the U.S. isn't burning more coal - it's exporting it, both to Ch...Read More
Stewart Thomson, Graceland Updates 1. Major fundamental processes and events create the large chart patterns seen on the monthly charts. It's important for gold and stock market investors to stay focused on the big picture, both technically and fundamentally.2. To view the big technical picture for gold, please click here now. Double-click to enlarge. 3. Since 2001, my propriet...Read More
David HaggithThat didn't take long. On Saturday, well before the US stock market opened post-China-trade-talks, I wrote:The next step for the market would likely be that the remaining stock indices that have not pushed past their own previous peaks would now punch through. By that ... I meant those indices like the Dow that were very close to breaking past their old heights"Best-Case Scenario Ha...Read More
- Avi GilburtNote: Ryan Wilday and I just co-wrote this crypto article, and we thought you may find it interesting.Recently, the Winklevoss twins (who founded the Gemini crypto exchange) coined Bitcoin as 'Gold 2.0.' To support their perspective, they cited Bitcoin's scarcity, its fungibility and its portability as meeting or exceeding that of the yellow metal. Greyscale Investments, th...Read More
By: Ira EpsteinGold 18-DMA support $15 away:Read More
Stocks remained in the grip of a low-grade euphoria Monday, lightened by what is being referred to in the news as a 'thaw' in trade relations between the U.S. and China. No one expected much to happen on the trade front, and nothing much did other, perhaps, than a weekend during which there was no appreciable escalation in the tariff war. In this euphoric phase, stocks have generally wafted hi...Read More
David Morgan a/k/a Silverguru and I have been covering the precious metals markets for nearly 8 years. It's often been an exercise in futility. However, now David and I are relatively confident that the wait is over. And we're putting our money where our mouths are. This cycle could go on for quite some time. And silver hasn't even begun to join the fun. It's always the laggard in these market gyr...Read More
Topics:- Current state of the manipulation of gold & silver- How important is this week for the gold cartel?- Why has silver barely moved higher in price?- What's going on with the gold-to-silver ratio?- The gold standard, Freedom & Liberty- What if the cartel can't contain price this week?- The risk-reward for gold & silver and the gold-to-silver ratioBill Murphy is a former American professional...Read More
Nouriel Roubini, a professor at NYU's Stern School of Business and Chairman of Roubini Global Economics, was Senior Economist for International Affairs in the White House's Council of Economic Advisers during the Clinton Administration. He has worked for the International Monetary Fund, the US Federal Reserve, and the World Bank.Read More