Flat steel import offer prices in the United Arab Emirates and Saudi Arabia increased this week, despite demand being weak in the run up to the end of the year, sources told Fastmarkets on Tuesday December 31.No new bookings have been heard so far this week because buyers have decided to postpone bookings until early 2020, sources said.UAEOffer prices for hot-rolled coil f...Read More

Nasdaq had a great year. By my calculations, it was up 47%.The Nasdaq is a weighted index with the top five companies, Apple, Microsoft, Amazon, Alphabet, and Facebook, making up 36% of the index's value.Of those, Apple was the big winner, climbing 86%. But overall, Advanced Micro Devices (NASDAQ: AMD) jumped 153% and is up 1,660% over the past five years.AMD makes microchips, of course, and that...Read More

China's domestic hot-rolled coil prices remained firm on Tuesday December 31 despite thin trading, while exporters enjoyed active trading amid a rise in prices globally.DomesticEastern China (Shanghai): 3,900-3,920 yuan ($559-562) per tonne, widening upward by 10 yuan per tonneNorthern China (Tangshan): 3,640 yuan per tonne, narrowing upward by 10 yuan per tonneA Shanghai-based trader sa...Read More

Here are five Fastmarkets MB stories you might have missed on Tuesday December 31 that are worth another look.Hebei Steel, China's second largest steel mill, released its purchase price for silico-manganese at 6,600 yuan ($944) per tonne for January delivery, up by 650 yuan per tonne from its December tender price, market participants told Fastmarkets.Flat steel import offer prices in the United A...Read More

Domestic and import prices for steel rebar and billet in the United Arab Emirates increased over the past week, while demand was moderate, market sources said on Tuesday December 31.Market participants in the UAE believed increases may continue if raw material prices keep increasing.Local rebar producers announced new prices on December 19.Billet importsBillet was offered at $460-470 per tonne cfr...Read More

China's rebar prices rose in the east on Tuesday December 31, bolstered by restocking activity by stockists in expectation of price increases in January.DomesticEastern China (Shanghai): 3,700-3,750 yuan ($531-538) per tonne, up 20-30 yuan per tonneNorthern China (Beijing): 3,550-3,570 yuan per tonne, unchangedSellers in eastern China started with offer prices at 3,700-3,730 yuan per ton...Read More

The Turkish deep-sea scrap import market continued to stay quiet ahead of the New Year celebrations, sources said on Tuesday December 31.Steel producers in Turkey paused their deep-sea bookings on December 20, after a Baltic Sea cargo was booked at $303 per tonne cfr.No further...Read More

Seaborne iron ore prices rose on Tuesday December 31 amid advances in derivatives markets.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $92.13 per tonne, up $1.05 per tonne.62% Fe Pilbara Blend fines, cfr Qingdao: $91.22 per tonne, up $1.05 per tonne.62% Fe low-alumina fines, cfr Qingdao: $92.54 per tonne, up $1.20 per tonne.58% Fe fines high-premium, cfr Qingdao: $79....Read More

- Dave KranzlerI'm growing more confident that we're on the cusp of a big move higher in the precious metals sector because of the Fed's massive money printing. Also, because the money printing and near zero interest rates are visibly not stimulating economic growth, we're at the point at which unless the Fed continues increasing the amount of money it puts into the system, the melt-up in the...Read More

By: Avi Gilburt As a student of market history, I always find it interesting, and even sometimes quite comical, how certain fallacies about markets are continually propagated by investors and analysts alike. Throughout my career in writing about metals, I have tried to bring many of these to light, and explain why so many of the fallacies should be ignored.The latest in the string of fallacies...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 bee...Read More

Trend for gold and silver is very bullish. It is just a technical trade. I do not think that events in Middle east has any bearing to current firmness in gold and silver price rise. There is short covering at the moment. Gold price in almost every nation is at a historical high. I do not think 2019 returns in gold and in Asian currencies will be repeated over the next few years. 2020 gold return...Read More

GOLD COT REPORTS WERE DELAYED DUE TO THE HOLIDAYS: Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 364,31058,658122,022203,204543,600689,536724,280 Change from Prior Reporting Period 19,8174407,85777222,54928,44630,846 Traders 22660805653308173 Small Speculators LongShortOpen Interest 59,20124,457748,737 3,304...Read More

Import prices for steel slab in Southeast Asia and East Asia were stable over the past week amid limited trading activity during the year-end festive season."Most market participants are away for holiday in the last weeks of the year during the Christmas and New Year period," a trader in Indonesia said.Fastmarkets' price assessment for steel slab imports, cfr Southeast Asia and East Asia, was $400...Read More

In this important discussion between Egon von Greyerz of Matterhorn Asset Management and Grant Williams of Real Vision TV, they talk about the fake prosperity we live in, facilitated by negative interest rates as well as endless money printing and the dire consequences this will have for the world.Central banks are manufacturing money out of thin air and also making it free. So the money is worthl...Read More

Peter Schiff is an internationally recognized economist specializing in the foreign equity, currency and gold markets. Mr. Schiff made his name as President and Chief Global Strategist of Euro Pacific Capital. He frequently delivers lectures at major economic and investment conferences, and is quoted often in the print media, including the Wall Street Journal, New York Times, Barron's, BusinessWee...Read More

More charts: http://www.ingoldwetrust.report Many investors know that silver is undervalued relative to gold. Many also know that silver remains undervalued relative to the stock market. But check out just how undervalued silver is in this new video with Mike Maloney and Ronnie Stoeferle. This chart shows the silver/gold ratio (the gold/silver ratio inverted) vs. the S&P 500. Note the strong corre...Read More

The events of the past couple of days should be a major wake up call for all of us. The number of mass shootings in the United States hit a record high in 2019 as the thin veneer Continue...Read More

This whole bubble since 2009 has been about injecting more money into the financial asset pool - and investors, especially those Wall Street gunslingers, trading up into higher risk given a marketContinue...Read More

Max Keiser is an American broadcaster and film-maker. He hosts Keiser Report, a financial program broadcast on RT. He presents a weekly show about finance and markets on London's Resonance FM, and writes for The Huffington Post. Keiser invented "Virtual Specialist Technology," a software system used by the Hollywood Stock Exchange. Prior to inventing this technology, he worked on Wall Street where...Read More