By: Ira EpsteinGold weekly chart 18-Weekly MA near $1,469. Gold bias yesterday went to the downside. Under the 18 day moving average, 1474 area support..Read More

Investors are preferring stock over gold. This has resulted in the correction and not a bear rally. Bear rally will be there if gold does not break $1466 by 15th November. I will prefer to remain on the sidelines in gold today. I will still prefer to use crashes of $100 and more in silver (if any) to invest for the long term. Day traders have to remain on the sidelines in silver. Trump impeachme...Read More

Stainless steel prices in China continued to rise over the past week on higher production costs due to elevated nickel prices.Prices for the alloying metal had remained at relatively high levels following the recent move by Indonesia to bring forward its ban on nickel ore exports to 2020 from 2022."Stainless steel prices have maintained an uptrend despite the recent dip in nickel prices because mi...Read More

Investing.com - Gold prices fell on Thursday in Asia even after weak retail sales data from the U.S. suggested there might be a higher chance of interest rate cuts from the Federal Reserve.Gold Futures for delivery on the Comex exchange were down 0.2% to $1,491.05 by 1:15 AM ET (05:15 GMT).Data showed retail sales in the U.S. fell by 0.3% in September, their biggest drop since last November.Accord...Read More

An overview of the noble alloys markets and their latest price moves. Read More

Prices for hollow steel sections in Northern and Southern Europe moved down this week due to pressure from import prices and feedstock costs, market sources told Fastmarkets on Wednesday October 16.Fastmarkets' weekly price assessment for steel sections (medium), domestic, delivered Northern Europe, was ?,?560-580 ($617-639) per tonne on Wednesday, down from ?,?580-590 per tonne one week earlier."...Read More

The two sides have reached a deal after a month-long strikeGeneral Motors Company (NYSE:GM) is in focus today, after the car maker reached a tentative deal with the United Auto Workers (UAW) union. The four-year labor deal could end a month-long strike of roughly 48,000 hourly workers. GM stock is up 2% to trade at $36.98 in response, but some options traders aren't as optimistic. With around one...Read More

Low inflation expectations are why gold's long-term prospects are bullish.Recent trade relation improvement is a short-term headwind, though.Persistent low inflation will eventually overcome gold's latest obstacle.It's a commonly held assumption that gold benefits primarily from inflation. If that were entirely true, then there should be no reason for gold to be struggling against the pros...Read More

Demand for passenger cars in Europe jumped by 14.48% year on year in September 2019, the European Automotive Manufacturers Association (ACEA) said on October 16.New car sales in Europe totalled 1,249,403 vehicles in September this year, compared with 1,091,390 units sold in the corresponding month of 2018."To a large extent, this strong year-on-year growth is the result of a low base [for the...Read More

The Shanghai Gold Exchange has become the world's largest physical gold exchange less than 20 years after launching.China mines 11 percent of the world's gold, making it the world's largest gold producer.Two new futures contracts connecting CME Group gold futures to Shanghai Gold Exchange launched in October.By Debbie Carlson China has grown to become one of the biggest gold-trading markets, just...Read More

BHP has reported a 9.6% year-on-year drop in metallurgical coal output in the three months to September, a period during which fob Australia prices for premium hard coking coal fell amid Chinese import restrictions and weak demand outside of China.The miner produced 9.35 million tonnes of met coal during the period, which also marked a 21% quarter-on-quarter drop, it said on Thursday October 17. B...Read More

Members of the incoming European Commission, expected to take office in November, have released more details of a planned "carbon border tax", which could levy charges on metal imports into the European Union. Products affected would be those deemed by the EU as manufactured with excessive carbon emissions. While details of what will be covered, and under what circumstances, will be included in a...Read More

Gold prices ended higher on Wednesday as investors watched global political news surrounding trade and Brexit, and reacted to a weaker-than-expected reading of U.S. retail sales, which spurred some haven buying. Moves for the precious metal came as Brexit and the "usual worries persist" on Turkey, the Middle East, U.S. politics and the global economic outlook, as well as on uncertainty tied to the...Read More

US President Donald Trump said on Monday October 14 that he will impose a 50% tariff on imports of steel from Turkey in response to that country's military actions in northeastern Syria.However, market participants believe such a move will have a minor impact on the Turkish steel sector, because Turkey's steel exports to the United States are already limited because of weak demand.BilletA trader f...Read More

The London Metal Exchange three-month tin price closed up $275 per tonne at $17,150 per tonne on Thursday October 17 on news that China's Yunnan Tin Co will cease all smelting operations at its Ausmet plant in Gejiu, Yunnan province, on October 21. Yunnan Tin Co, the world's largest tin smelter, produced 78,000 tonnes of refined tin in 2018 and remains the world's largest refined tin producer by s...Read More

Long steel prices in the Turkish domestic market have gone up over the past week in response to the weakening of the lira against the dollar and rising scrap costs, sources said on Thursday October 17.Fastmarkets' weekly price assessment on Thursday for steel reinforcing bar (rebar), domestic, exw Turkey, was TRY2,880-2,950 ($488-500) per tonne, including 18% VAT, up from last week's TRY2,790-2,80...Read More

Domestic prices for cold-rolled coil (CRC) in the EU have decreased over the past week due to low levels of market activity, sources told Fastmarkets on Thursday October 17."Demand is low and the outlook is gloomy because there are no signs that demand or prices will recover any time soon," a European trader said.In addition, prices for hot-rolled coil, the material used as feedstock for CRC produ...Read More

Steel billet prices in the Turkish markets have increased over the past week because of rising scrap costs, sources told Fastmarkets on Thursday October 17.Fastmarkets' weekly price assessment for steel billet, import, cfr main port Turkey, was $365-380 per tonne on Thursday, up from the $360-365 per tonne of last week.https://www.metalbulletin.com/My-price-book.html?price=36276Billet producers in...Read More

"Exposure" is not the whole story. We are interested in how much leverage a miner shows. Here's where the...by Mike Mcara via Sunshine ProfitsGold and silver are our main focus, no doubt about it. But they are only a part of the precious metals market. Actually, there is another side of the market which could be overlooked by investors starting to look into the precious metals market. So, we would...Read More

Not everyone wants to put their entire portfolio into silver, so what's the bare minimum?by Matt From Silver Fortune via Silver FortuneNot everyone wants to put their entire portfolio into silver, so what's the bare minimum?Any content within this video or any other video by the Silver Fortune channel is merely one man's opinion, commentary, and analysis, or actual information obtained from elsewh...Read More