Key data from the pricing sessions in Asia, Europe and the United States for the week ending Friday December 6. China Spot Chinese ferro-chrome prices dropped after major stainless steel mills in China announced lower tender prices for December. Some producers continued to cut offers to encourage sales and generate cash flow ahead of year-end. The imported charge chrome price in...Read More
Montr?(C)al, QC - Siyata Mobile Inc. (TSX-V:SIM | OTCQX: SYATF) (the "Company" or "Siyata") is pleased to announce the appointment of Mr. Richard Hoy to its Board of Directors. With over 30 years experience, Mr. Hoy has a highly successful track record of leading and building enterprise sales teams to deliver accountable and significant revenue growth. He is appointed as an active board m...Read More
Adam HamiltonArchivesDec 06, 2019 Gold has been correcting following last summer's powerful bull-breakout upleg. Since peaking, gold has inexorably drifted lower in a well-defined downtrend. Traders are wondering when this necessary and healthy sentiment-rebalancing selloff will bottom, paving the way for gold's next upleg. But this correction still has a ways to run, according to speculators' gol...Read More
An overview of the minor metals markets and their latest price moves.Read More
Fastmarkets will maintain the frequency of publication of its European germanium metal and tellurium assessments and Chinese germanium dioxide assessment following a consultation.Fastmarkets will continue to publish these three price assessments on a twice-weekly basis on Wednesdays and Fridays. After receiving market feedback during a one-month consultation, Fastmarkets has decided to maintain th...Read More
Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 346,52555,82093,891203,920526,707644,336676,418 Change from Prior Reporting Period 21,2392,16836912,37229,69233,98032,229 Traders 20552745053280158 Small Speculators LongShortOpen Interest 56,68024,598701,016 -2,232-48131,748 non reportable positionsChang...Read More
Gold has been correcting following last summer's powerful bull-breakout upleg. Since peaking, gold has inexorably drifted lower in a well-defined downtrend. Traders are wondering when this necessary and healthy sentiment-rebalancing selloff will bottom, paving the way for gold's next upleg. But this correction still has a ways to run, according to speculators' gold-futures positioning wh...Read More
- Gary SavageGold market update: Signs of a similar H1-2019 pattern? Similar pattern emerging to earlier this year with gold now reversing higher with higher lows and higher highs -- we are starting to stair-step up. Banks going to get stuck in another short squeeze? All the poor saps who sold out at the intermediate bottom..December 5th video update.Gary Savagehttp://blog.smartmoney...Read More
Gary TanashianWe all know that the gold and silver Commitments of Traders are very extended and at levels of commercial net shorts and large spec net longs that tend to be in place at tops in the metals. Well, the metals topped in the summer, so what does that tell us?For one thing it tells us that bull market rules are different from bear market rules as per this post from August as gold was to...Read More
Originally published on Sat Nov 30 for members of ElliottWaveTrader.net: I want to take you back a bit in time so you can develop the appropriate perspective of a bottoming process in the metals market. - Avi GilburtFor those of you that were with us back towards the end of 2015, you may remember that I was being quite vocal of the fact that I was heavily buying mining stocks. In fact,...Read More
Global scrap prices in most major markets moved upward during the week ended Friday December 6, due to good demand and a shortage of material in some locations. Prices jump in Turkey on newest tradesUS market activity picks up at higher pricesIndian price move up on material shortagePrices continue to move up in VietnamTaiwan maintains strong demand and solid pricesTurkeyTurkish steel mills booked...Read More
After today's US November nonfarm payrolls, traders will take positions for next week's FOMC meet. NFP will give hint on next week's FOMC meet. Look into US economy and global economy in totality and not just from interest rate perspective. UK election and December 15 deadline for US-China trade deal will also be under close scrutiny by traders and investors alike. US president Trump and his imp...Read More
The price of austenitic alloy steel scrap fell this week after further losses in the nickel market, sources told Fastmarkets on Friday December 6. Fastmarkets' price assessment for stainless steel scrap 18/8 solids, domestic, delivered merchants UK, ?720-780 ($946-1,025) per tonne on Friday, down ?,?20-30 per tonne week on...Read More
The price of ferrous scrap imported into India moved up again this week ahead of a seasonal slowdown for the European holiday season, sources told Fastmarkets on Friday December 6.Fastmarkets' steel scrap, shredded, index, import, cfr Nhava Sheva was $286.46 per tonne on Friday, up from $282.56 per tonne one week previous.One deal was heard for shredded material into India at $291 per tonne this w...Read More
Asian equities and most of the base metals are in positive territory after United States President Donald Trump sounded more positive on a US-China trade deal when he said talks are "moving right along".With the news flow on trade ebbing and flowing, the day of reckoning is likely to be whether Trump follows through with his threat to put 15% tariffs on another $160 billion of Chinese imports from...Read More
Sir Brian Bender has seen three London Metal Exchange chief executive officers, the sale to Hong Kong Exchanges & Clearing and a great number of other changes over more than nine years as the exchange's chairman, he told Fastmarkets in an interview, but the open outcry system will remain for as long as members support it. Bender was on holiday in Australia when a headhunter emailed to ask whether...Read More
Cobalt trade log including business, bids and offers reported to Fastmarkets.Cobalt trade log including business, bids and offers reported to Fastmarkets. Unless otherwise stated, all prices are per lb on an in-warehouse (in-whs) basis. Delivered prices are netted back. Fastmarkets prices Click here for Fastmarkets' price assessment for standard-grade cobalt, in-whs Rotterdam, $/lb.Click here for...Read More
An overview of the battery raw materials markets and their latest price moves.Read More
The world's largest oil producer, Saudi Aramco, set the share price for the company's much-anticipated IPO yesterday at 32 riyals (about US$8.50), which will raise about $25.6 billion in new capital. That would put the value of Saudi Aramco at around US$1.7 trillion and make it the largest IPO ever.The pricing of Saudi Aramco's IPO beats out the previous record holder, Alibaba Group, by a good mar...Read More
The pace of decline in the Chinese domestic battery grade lithium carbonate price has accelerated entering December with increasingly lower offer prices in the spot market from Chinese producers eager to destock in the week ended Thursday December 5. China's battery grade lithium carbonate price downtrend has accelerated due to lower spot offer prices and sporadic downstream buying. The techn...Read More