Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. Last week, the Index could not move far above 960 before its momentum buckled and it slipped 22.19 points or -2.34% to close at 923.36.MACD dropped 0.5 points or 5.3% to -5.31. RSI tried but could not cross 60 and dropped 8.78 points to 48.53.Support is at 900.53 (50-day moving average) a...Read More

European steelmakers have been insisting on price rises for domestic hot-rolled coil despite demand remaining low, sources told Fastmarkets on Monday June 29.Fastmarkets' daily steel hot-rolled coil index, domestic, exw Northern Europe, was calculated at ?,?395.00 ($443.07) per tonne on Monday, up by ?,?1.25 per tonne from ?,?393.75 per tonne on June 26.Monday's index was...Read More

Prices for domestic and imported merchant bar quality (MBQ) steel in the United States again remained flat this month while market participants reported that demand was rising, although only modestly in some locations. Fastmarkets' monthly price assessment for steel bar 2 x 2 x 1/4 -inch angle merchant products, fob mill US was $33.80 per hundredweight ($676 per short ton) on Friday June 26, unc...Read More

Domestic steel rebar prices in Russia's Central Federal District around Moscow increased over the past week, supported by demand exceeding supply, sources told Fastmarkets on Monday June 29.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), domestic, cpt Moscow, Russia, was 34,000 roubles ($487) per tonne on June 29. This was up by 1,000-1,500 roubles per tonne week on...Read More

Egypt consumed 312,000 tonnes of rebar in May 2020, 35.36% less than the 482,700 tonnes consumed in May 2019, Egyptian sources told Fastmarkets.This is the lowest rebar consumption figure for the last ten years, sources noted. Comparatively, Egypt consumed 452,800 tonnes of rebar in April 2020, sources said.If consumption continues to fall at this rate, market sources expect the country's annual r...Read More

Here are five Fastmarkets stories you might have missed on Monday June 29 that are worth another look.Mining company BHP Group and steel producer China Baowu Steel Group have completed their first iron ore trade on MineHub Technologies Inc's blockchain-based platform.Poor physical aluminium market conditions have forced people to store excess metal, pushing total aluminium stocks on the London Met...Read More

By: Jan Nieuwenhuijs, Voima GoldFor thousands of years gold is the ultimate store of value. Currently, gold is undervalued as there are massive bubbles in asset markets and central banks continue to print money, which supports these bubbles. This is an unsustainable situation; and when the bubbles burst the gold price will rise.Gold is the ultimate store of value, as it's the only globally accep...Read More

Strengths? The best performing precious metal for the week was gold, up 1.57 percent. Gold is heading toward $1,800 an ounce driven by fear that the resurgence in virus cases will impede the global economic recovery. Gold for August delivery rose to $1,796.10 on the Comex on Monday - the highest level since 2012. The yellow metal saw a third straight weekly gain, which is its longest...Read More

V-shape mania appears to be tapering off. Years from now, market historians will come to regard the spectacular rally since late March as a case study in mass psychosis. The explosive resurgence of bulls is not only unsupported by economic reality, it flouts common sense in ways that only extraordinary popular delusions can. There is the implicit notion, for one, that just a handful of supposedl...Read More

We will start this update by looking at gold's price measured against various important currencies. These long-term charts quickly make clear that gold is in a major bullmarket, which is another way of saying that these currencies are losing purchasing power.Gold in Australian dollars...Gold in Canadian dollars...Gold in Japanese Yen...Gold in Swiss Francs...So we should clearly not allow oursel...Read More

The PM stocks have moved nicely over the past 2 weeks. Many gold investors wanting in on the next big move have been left on the sidelines under invested. It's my view that this has occurred because everyone and his brother has had one eye on the often published gold and silver seasonality chart. This chart is a composite of 40 years of action and shows gold weak until late July and silver...Read More

By: Ira EpsteinCovid waves spooking markets. Gold's monthly, weekly, daily chart, pushing the upper Bollinger bands and the longer the market stays over it, the stronger the bull market is:Read More

Trend is bullish for gold and silver on fears of rapid spread of coronavirus in USA. June month is not yet over. One still needs to watch for some large sellers in gold as a part of the profit booking. Overall it still a buy on sharp dips strategy in gold and silver. This week? On Tuesday US Treasury Secretary Steven Mnuchin will speak about the stimulus and lending facilities to sup...Read More

The mining industry does a huge amount of good for local communities, to say nothing of its essential contribution to society through the materials it produces. Unfortunately, it all too often manages to give itself a bad name, worsening negative perceptions of the sector through accidents, spills and a failure to act as a steward of the environments in which it operates. In the past month alone,...Read More

The Turkish steel mills continued to shy away from deep-sea scrap purchases at the beginning of this week, expecting lower prices soon, sources said on Monday June 29.The mills in Turkey booked only two deep-sea cargoes last week, which totaled 67,500 tonnes.Producers have been keeping their deep-sea scrap purchases at a low level because of the limited demand and, therefore, falling prices for lo...Read More

For months, the Washington Post and the rest of the mainstream media kept a morbid Covid-19 "death count" on their front pages and at the top of their news broadcasts. The coronavirus outbreak was all about the number of dead. The narrative was intended to boost governors like Cuomo in New York and Whitmer in Michigan, who turned their states authoritarian under the false notion that destroying pe...Read More

When the coronavirus pandemic struck in the United States, the FDA was forced to closely monitor the medical product supply chain, including disruptions to supply or shortages of critical medical products in the U.S. because many of the components for those in-demand products are manufactured in China.In a statement in February 2020, the FDA said, "Since January 24, the FDA has been in touch with...Read More

Mohamed El-Erian, chief economic advisor at Allianz, joins "Squawk Box" to give his take on the state of the economy and to discuss what he's watching ahead of the shortened trading week.Mohamed El-Erian is the Chief Economic Adviser of Allianz, a multinational financial services company. He is the former CEO and co-Chief Investment Officer of PIMCO, a global investment firm and one of the world's...Read More

Join Greg Hunter of USAWatchdog.com as he goes One-on-One with Economics Professor Mark Skidmore from Michigan State University.Michigan State Economics Professor Mark Skidmore's latest update to the "Missing Money" question is now the biggest in history by a long way. Skidmore's research reveals the US Treasury market is rolling over $90 trillion to support the official debt of $22 trillion (2019...Read More

Dr. Marc Faber was born in Zurich, Switzerland and obtained a PhD in Economics at the University of Zurich. Between 1970 and 1978, Dr. Faber worked for White Weld & Company Limited in New York, Zurich and Hong Kong. From 1978 to February 1990, he was the Managing Director of Drexel Burnham Lambert (HK) Ltd. In 1990, he set up his own business, Marc Faber Limited which acts as an investment advisor...Read More