The domestic price of hot-rolled coil in Northern Europe was unchanged on Friday December 13 although mills continue to insist on further price increases, market sources told Fastmarkets.Fastmarkets' daily steel hot-rolled coil index domestic, ex-works Northern Europe was calculated at ?,?432.08 ($481.10) per tonne on Friday, unchanged from Thursday.The assessment is based on "workable" prices hea...Read More
Cobalt has been used for thousands of years as a coloring agent to create stunning blue pigments, some of which have been incorporated into the world's most beautiful and treasured art.The first known use of cobalt as a coloring agent dates back to ancient Mesopotamia, to the cultures of ancient Egypt and ancient Persia that used cobalt to make simple glass art. Archaeologists say these cobalt-blu...Read More
Turkish prices for hot-dipped galvanized coil (HDG), and color-coated coil or pre-painted galvanized iron (PPGI), continued to increase in the week to Friday December 13 amid strong demand, sources told Fastmarkets.Market participants attributed the higher steel prices to the rise in raw materials and hot-rolled coil prices.Fastmarkets' daily index for steel scrap, HMS 1&2 (80:20 mix), US origin,...Read More
Metinvest sees stable growth in global steel consumption and potential consolidation in the steel industry driving the profit pool from 2020, with a shift in distribution away from iron ore miners and towards steelmakers, according to sales director Dmitry Nikolayenko."This year has been very interesting from the point of view of profit pool distribution. There was a combination of factors that pu...Read More
Here is what's new today on INK Ultra Money. All Canadian Insider users have access to today's free video and audio, while Canadian Insider Club Ultra members have access to all premium videos from Real Vision and INK Research. If you are not an Ultra member of the Canadian Insider Club, join today and save $99 on an Ultra membership every year (until you cancel) by using coupon code BLACKBOX at...Read More
Metinvest sees stable growth in global steel consumption and potential consolidation in the steel industry driving the profit pool from 2020, with a shift in distribution away from iron ore miners and towards steelmakers, according to sales director Dmitry Nikolayenko."This year has been very interesting from the point of view of profit pool distribution. There was a combination of factors that pu...Read More
The Polish domestic rebar price started to move up in the week to Friday December 13 due to anticipated scrap price increase in the country, sources told Fastmarkets. Fastmarkets' daily index for steel scrap, HMS 1&2 (80:20 mix), North Europe origin, cfr Turkey was $292.09 per tonne on December 12, up by 15.33% since the middle of the month when steelmakers last...Read More
China's rebar prices moved down in both the domestic and export markets on Friday December 13 amid inactivity. Eastern China (Shanghai): 3,870-3,900 yuan ($555-559) per tonne, down 30 yuan per tonneNorthern China (Beijing): 3,570-3,590 yuan per tonne, down 10 yuan per tonneStockists with a lot of inventory lowered their offers to stimulate sales in anticipation of prices falling even further.But b...Read More
Global ferrous scrap prices continued on an upward trend in the week ended Friday December 13 due to supply shortages and stable demand from end users.Turkish steelmakers book 10 cargoes Sentiment in US bullish Large bid-offer gap in Vietnam Taiwan continues to accept price increases Thin demand in India due to cheaper domestic scrap TurkeyTurkish steel mills booked a total of 10 cargoes this...Read More
The inter-merchant spot price for light iron scrap in the United Kingdom moved higher in the week ended Friday December 13, adding to gains made the week before, against increased European export prices to traditional markets.The market has been climbing in the quarter, with exporters looking to supply renewed demand from traditional buyers of European steel scrap in Turkey and the Indian subconti...Read More
- Dave KranzlerI originally shared this analysis with my Mining Stock Journal subscribers in the October 17th issue. I sent it to Peter Spina at Goldseek.com because I saw the idea from one of his tweets a few weeks earlier. It's rare when the market mis-prices a larger cap producing mining company, thereby allowing aggressive investors an opportunity to buy into a high quality operati...Read More
Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 329,16958,249101,409203,374505,657633,952665,315 Change from Prior Reporting Period -17,3562,4297,518-546-21,050-10,384-11,103 Traders 19458745550273163 Small Speculators LongShortOpen Interest 56,05124,688690,003 -62990-11,013 non reportable positionsCha...Read More
Japan is the canary in the bankers' coal mineBy: Darryl Robert Schoon"Japanification" describes a severe and prolonged deflationary state in which demand drops, prices and wages fall, and economic activity remains moribund for decades. Japan has been trapped in a deflationary state since the collapse of the Nikkei stock market bubble in 1990.Seventeen years after the collapse of the Nikkei, in T...Read More
By: Ira EpsteinGold was thrown back by the end of the day, higher lows and higher highs:Read More
There can be some calendar year end profit taking in gold by medium term investors and hedge funds IF and WHEN the details of US-China signed trade deal are known. I am not writing off gold and silver at the moment. I will prefer to read the full details of the trade deal and then take a call on short term investment decision in gold and silver. However I will prefer selected Indian stocks over...Read More
Eric Sprott has more than 40 years of experience in the investment industry. In 1981, he founded Sprott Securities (now called Cormark Securities Inc.), which today is one of Canada's largest independently owned securities firms. In 2001, Eric established Sprott Asset Management Inc. Over the years, Eric has personally been the recipient of numerous awards and honors, including one of Investor Dig...Read More
Today's guest, Rob Kirby, shares his thoughts on the economy and why he feels the world will be running from dollars in the next decade. During our discussion Rob outlines how this current monetary system needs more debt and credit creation or else. Rob Kirby is a financial commentator and former broker who worked on an institutional trading desk for most of the 1980s and right up until 1996. He a...Read More
Turkish steel producers have continued to make deep-sea scrap purchases on Friday December 13, with prices climbing higher, sources said.A steel mill in the Izmir region booked a Baltic Sea cargo, comprising 24,000 tonnes of HMS 1&2 (80:20) at $299.50 per tonne, 3,500 tonnes of bonus at $309.50 per tonne and 2,500 tonnes of busheling at $314.50 per tonne cfr.A steel mill in the Marmara region book...Read More
'He was proud to wear it. He wore it to School, but due to immediate bullying he put it away & didn't wear it to school again, sadly the damage was already done & [he] was now a target,' Continue...Read More
Gregory Mannarino started his financial career working for the securities and trading arm of the now defunct Bear Stearns before the dot-com bubble. He is an active trader of the capital markets and has published several books pertaining to finance, global economics, and equity trading; His most recent book is titled Ultimate Guide To Money and The Markets (free ebook). Gregory currently hosts a b...Read More