Import prices for rebar in Singapore edged up over the past week amid a further strengthening of the ferrous scrap market upstream.The weekly Fastmarkets price assessment for steel reinforcing bar (rebar) import, cfr Singapore - which mainly looks at cargoes sold into Singapore on a theoretical-weight basis - was $445-450 per tonne for the week to Monday December 23, narrowing upward by $5 per ton...Read More

China's rebar prices were mixed on Monday December 23, with market participants divided in their outlook for the market in January.Eastern China (Shanghai): 3,800-3,830 yuan ($542-546) per tonne, down 10 yuan per tonneNorthern China (Beijing): 3,520-3,560 yuan per tonne, up 20 yuan per tonneSome participants think inventory in the spot market in January will stay low, which will sup...Read More

The latest bids, offers and deals in the global markets for rebar, wire rod, beams and other long steel products.Latest transaction: rebarRebar East China, domestic, grade...Read More

The ferrous scrap market in the United States might be calmer in 2020, with metals recyclers potentially facing less volatility and price declines than in 2019, which could present a unique set of opportunities for buyers and sellers.Market participants do not expect the steep decline in prices that characterized the market in 2019 to reoccur due to the extent of that drop. Fastmarkets' asses...Read More

TECHNICAL SCOOPCharts and commentary by David ChapmanChief Strategist, Enriched Investing Inc.Phone: 416-523-5454 Email: david@davidchapman.comdchapman@enrichedinvesting.comTwitter: @Davcha12December 23, 2019 "Gold is money. Everything else is credit." J.P. Morgan, American financier, banker, dominated corporate finance on Wall Street during the Gilded Age; 1837-1913 "Because gold is honest mo...Read More

VANCOUVER, British Columbia, Dec. 23, 2019 (GLOBE NEWSWIRE) -- Fortuna Silver Mines Inc. (FSM) (FVI.TO) is pleased to provide an update on construction, pre-commissioning and commissioning activities at its 100 percent owned Lindero gold Project located in the Province of Salta, Argentina.Jorge A. Ganoza, President, CEO and Director, commented, "Minor delays and unavailability of vendors due t...Read More

By: Gary SavageGold is churning, not doing a whole lot of damage, except to gold investors' mental state. We are now 3 1/2 months into the sideways churn. A market bouncing back and forth from overbought and oversold...http://blog.smartmoneytrackerpremium.com/Read More

By: Ira EpsteinGold has a bullish and negative bias -- what's next for gold this holiday week:Read More

Dear Friend of GATA and Gold:Our friend Stuart Englert, who is writing a book on gold price suppression, calls attention to a declassified 1970 Central Intelligence Agency memorandum asserting that the Special Drawing Rights of the International Monetary Fund were created in 1967 in large part to reduce the world's demand for gold and particularly to reduce exchange of U.S. dollars, the world re...Read More

Friday's subdued rally had more than a faint whiff of distribution about it. DaBoyz had shorts on the run in the early going, with the Dow up about 230 points in the first hour. But instead of reaming bears a new orifice as we might have expected, the erstwhile Masters of the Universe struggled merely to maintain altitude and eventually had to close the broad averages well off their intraday h...Read More

Look for signs of profit taking in all metals and energies as traders leave for Christmas and New Year vacations. China will lower trade tariff on a host of products ranging from pork to some type of semi-conductor. Gold and silver should fall as a result of Chinese move. Right now gold and silver are firm due to Trump and his impeachment. But they will be vulnerable to sharp correction any time...Read More

Simple ConceitRadical ActionsBallooning Balance SheetMerry Christmas and the Happiest New YearIgnoring problems rarely solves them. You need to deal with them not just the effects, but the underlying causes, or else they usually get worse. The older you get, the more you know that is true in almost every area of life.In the developed world and especially the US, and even in China, our economic c...Read More

Turkish domestic auto bundle scrap prices continued to push up this week in line with rising imported scrap values, sources said on Monday December 23.Two steel mills raised their buy prices for auto bundle scrap by 60 Turkish lira ($10) per tonne in response to the rising imported scrap costs.Fastmarkets' daily index for steel scrap, HMS...Read More

Turkish steel mills booked one more deep-sea cargo for February shipment, with prices inching up further, market sources said on Monday December 23.A steel mill in the Iskenderun region booked a 25,000-tonne Baltic Sea cargo, comprising HMS 1&2 (80:20) at $303 per tonne, shredded at $308 per tonne and bonus at $313 per tonne cfr. The cargo breakdown was not clear at the time of...Read More

Lynette Zang is back to share her latest news and updates on the latest developments within the global economy and geo-political landscape.With 2019 being an incredible year for Gold we gain fresh insights on what lies ahead in 2020, the stock market is also rallying more than ever but could this never-ending rally give way to long term damage in the future?TOPICS IN THIS INTERVIEW:01:45 The long...Read More

Jason Burack interviewed returning guest, Cornell organic chemistry professor, Libertarian and fan of the Austrian School Economics and value investing, Dave Collum https://twitter.com/DavidBCollum, about his 2019 year review and 2020 preview report. Each year, Dave takes an enormous amount of time compiling articles, research and analysis for his extensive "Year in Review" which he has now been w...Read More

Reviewing how we got here (datapoints from 2017 and 2018 thru 2019)Another terrific chart deckJeff's outlook for 2020Read More

Amazon takes over the last mile and everything else.Wolf Richter is the founder of Wolf Street Corp and the publisher of WolfStreet.com. Wolf has over twenty years of C-level operations experience, including turnarounds and a VC-funded startup. He has a BA, MA, and MBA (UT at Austin). In his prior life, he worked in Texas and Oklahoma, including a decade as General Manager and COO of a large Ford...Read More

China will lower tariffs on 850 types of products to rates lower than most-favored-nation rates, according to the state-run Xinhua News Agency.Continue...Read More

Prices for steel billet increased in many buying regions and remained steady in most other regions due to continued strength in ferrous scrap prices, although billet buying activity started to diminish last week ahead of year-end holidays and few trades were made.Global scrap prices continued to climb despite limited volumes being traded. Fastmarkets' daily index for steel scrap HMS 1&2...Read More