The Turkish deep-sea scrap import market was quiet on Wednesday May 27, with market participants returning after a four-day lockdown, sources told Fastmarkets.The whole country was under lockdown to prevent the further spread of the Covid-19 virus during the Eid al-Fitr celebrations - which are held to mark the end of Ramadan and took place between the night of Friday May 22 and the...Read More
The annual sitting of the National People's Congress of the People's Republic of China and the Chinese People's Political Consultative Conference - widely known as the 'twin sessions' - in Beijing released a series of stimulus packages for the development of China's economy amid the Covid-19 pandemic.Market participants harbor mixed sentiment over the impact of the policy measures. Here are eight...Read More
The Antamina copper and zinc mine in Peru has resumed operations following its shutdown due to the Covid-19 pandemic, shareholder Teck Resources said.The Vancouver, Canada-based miner, which has a 22.5% stake in Antamina, said that a reduced operating workforce had been mobilized with plans to start off at roughly 80% of full capacity after operations at Antamina were suspended last month to...Read More
Broad markets and the metals were mixed this morning, Wednesday May 27, while participants brace for what United States President Donald Trump's response will be to China's plans to impose national security laws in Hong Kong, which he said will be announced by the end of the week. China's CSI 300 and Hong Kong's Hang Seng indices were weaker this morning, while in other areas the focus seems to be...Read More
Whenever the electric vehicle boom comes to mind, there's always one powerful quote that comes to mind.I'll bet you know the one I mean.Decades ago, Rashid bin Saeed Al Maktoum delivered these prophetic words to us:My grandfather rode a camel, my father rode a camel, I drive a Mercedes, my son drives a Land Rover, his son will drive a Land Rover, but his son will ride a camel.He was the first Prim...Read More
Here are five Fastmarkets stories you might have missed on Wednesday May 27 that are worth another look.The annual sitting of the National People's Congress of the People's Republic of China and the Chinese People's Political Consultative Conference - widely known as the 'twin sessions' - in Beijing released a series of stimulus packages for the development of China's economy amid the Covid-19 pan...Read More
Turkey has told the World Trade Organization (WTO) that it is planning to impose import duties on certain steel products from the European Union.On Monday May 25, Turkey informed the WTO that it plans to impose an additional duty of 9-17% on steel product imports from EU. The products to be affected are hot-rolled flat steel under HS code 7208, cold-rolled flat steel under HS code 7...Read More
European steelmakers will attempt to increase domestic prices for hot-rolled coil despite poor demand, sources told Fastmarkets on Wednesday May 27.Fastmarkets' daily steel hot-rolled coil index, domestic, exw Northern Europe, was unchanged day on day at ?,?407.50 ($446.38) per tonne ex-works on May 27.Wednesday's index was calculated based on "workable" prices heard at ?,?400-410 per tonne ex-wor...Read More
Here are five Fastmarkets stories you might have missed on Wednesday May 27 that are worth another look.The annual sitting of the National People's Congress of the People's Republic of China and the Chinese People's Political Consultative Conference - widely known as the 'twin sessions' - in Beijing released a series of stimulus packages for the development of China's economy amid the Covid-19 pan...Read More
Prices for hollow steel sections in Europe slipped further this week with lower import prices adding pressure to the weak domestic market, sources told Fastmarkets on Wednesday May 27.Fastmarkets' weekly price assessment for steel sections (medium), domestic, delivered Northern Europe was ?,?550-570 ($603-625) per tonne on Wednesday, down from ?,?560-580 per tonne one week previous."Demand is the...Read More
Turkey has told the World Trade Organization (WTO) that it is planning to impose import duties on certain steel products from the European Union.On Monday May 25, Turkey informed the WTO that it plans to impose an additional duty of 9-17% on steel product imports from EU. The products to be affected are hot-rolled flat steel under HS code 7208, cold-rolled flat steel under HS code 7...Read More
Here are five Fastmarkets stories you might have missed on Wednesday May 27 that are worth another look.The annual sitting of the National People's Congress of the People's Republic of China and the Chinese People's Political Consultative Conference - widely known as the 'twin sessions' - in Beijing released a series of stimulus packages for the development of China's economy amid the Covid-19 pan...Read More
The Turkish deep-sea scrap import market was quiet on Wednesday May 27, with market participants returning after a four-day lockdown, sources told Fastmarkets.The whole country was under lockdown to prevent the further spread of the Covid-19 virus during the Eid al-Fitr celebrations - which are held to mark the end of Ramadan and took place between the night of Friday May 22 and the...Read More
COLORADO SPRINGS, CO, May 27, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Gold Resource Corporation (NYSE American: GORO) (the "Company") declares its monthly instituted dividend of one-third of a cent per common share for May 2020 payable on June 23, 2020 to shareholders of record as of June 11, 2020. Gold Resource Corporation is a gold and silver producer, developer and explorer with operat...Read More
Sector expert Michael Ballanger considers what the post-pandemic world could look like in the aftermath of central bank actions.As I sit here on the shores of lovely Lake Scugog, its weed-infested waters lying in wait for countless unsuspecting propellers soon to be ensnared, I am reminded of the failed world of central banking and policy initiatives, which too has become ensnared in flora of it...Read More
By Ricky WenTuesday's session played out as a massive gap up and consolidation. This meant that it allowed the price action and its internals to reset, catch a breath in order to ramp up higher again. It's been the same structure for the past few weeks once the price action gets too far away from the 4-hour or daily trending support levels if you've utilized our key concepts such as 8/20EMA on t...Read More
"I think there is a strong likelihood we will need another bill."That's according to Treasury Secretary Steven Mnuchin, who supports additional fiscal stimulus to combat the economic impact of the novel coronavirus within reason.The secretary's statement comes after the House passed a record-shattering $3 trillion relief package, though leaders in the Senate have said they will not put it up for...Read More
By: Gary SavageI warned you about this situation. Gold's option expiration on Tuesday. Usually see an attack. The triangle consolidation pattern was blocked and not allowed to get follow-through, the technical will transform into a box:https://blog.smartmoneytrackerpremium.com/Read More
By: Ira EpsteinGold dropped because of the strong equity markets, but not the tech sector -- stalling. Gold's trend is down in the short-term:Read More