Source: Michael Ballanger for Streetwise Reports 07/07/2018 Sector expert Michael Ballanger discusses breakdowns in base metals markets and his current views on the status of cryptocurrencies. -->Since I covered gold and silver on Wednesday, I am switching to the base metals because they represent a dollar flow infinitely larger than the precious metals, and are therefore far more difficult...Read More

Turkish domestic auto bundle (DKP grade) scrap prices have strengthened with improving demand over the past week, while ship scrap prices have only shifted sideways, sources said on Monday July 9.Alloy long steel producer Asil ??elik raised its buy price by TRY50 ($11) per tonne to TRY1,680 ($367) per tonne delivered, while long and flat steel producer ??olakoglu increased its buy price for auto b...Read More

By Ricky WenThe first week of July was really about the upside following through based on the overall rounding bottoming pattern and temporary low setup at the 2693.25 low from the last week of June. The market was able to cement the status of temporary low from June, and had a decent "stick save" on Monday July 2 at the 2698.5 lows before closing at the high of the day around 2726 to cement ano...Read More

By Keith WeinerBefore it collapsed, the city of Rome had a population greater than 1,000,000 people. That was an extraordinary accomplishment in the ancient world, made possible by many innovative technologies and the organization of the greatest civilization that the world had ever seen. Such an incredible urban population depended on capital accumulated over centuries. But the Roman Empire squ...Read More

- Italy is EU's ticking timebomb as debt nears EUR2.4 trillion- Italy's GDP is just EUR1.85 trillion; National debt is 132% of economy- Italy is politically dysfunctional at best of times; Now has populist left / right wing government- National debt owed to other EU nations alone is 25% of its GDP- Italy's debt threatens global GDP; May wipe 0.4% off global GDP- Default to create contagion in...Read More

Physical iron ore prices for mainstream 62% Fe Australian fines saw modest gains on Monday July 9 following paper market increases.Metal Bulletin 62% Fe Iron Ore Index: $63.92 per tonne cfr Qingdao, up $0.08 per tonneMetal Bulletin 62% Fe Pilbara Blend fines Index: $62.61 per tonne cfr Qingdao, up $0.39 per tonneMetal Bulletin 58% Fe Premium Index: $51.43 per tonne cfr Qingdao, down $0.09 per tonn...Read More

Copper crashed to below $3 per pound. Is it manipulation or a sign that China and the global economy are at risk? Too early to tell, but interest rates are clearly rising and the could mean trouble ahead. Debt continues to pile up at record rates both here and abroad and no one seems concerned, until one day everyone will be. That's the tipping point. And it's certainly coming. John Rubino is the...Read More

Jim, Evan and Phil discuss the world's various points of pressure, and provide a few other trenchant observations.1:05 The Declaration of Independence gets unfriended by Facebook3:52 HNA, China and the world7:02 Italy's populists and the European Central Bank11:28 U.S. junk bond yields on the moveJames "Jim" Grant is an American writer and publisher and the founder of Grant's Interest Rate Observe...Read More

I know it hurts, but the reality is painfully obvious: the USA is now a 3rd World nation. Dividing the Earth's nations into 1st, 2nd and 3rd world has fallen out of Continue...Read More

CIS export slab prices jumped by $15-20 per tonne over the week ended Monday July 9 with mills increasing their offers on August-rolling material, following the positive trend in the finished flat steel segment in recent weeks.Reduced global availability of slabs was another reason for the higher offer prices. This was itself a result of scheduled maintenance outages at some CIS mills in the third...Read More

The causes of the Great Depression have been debated for decades. The problem with all of the analysis is this same attempt to reduce the cause to a Continue...Read More

In May, President Trump pulled the United States out of the Iran nuclear deal despite Iran living up to its obligations and the deal working as Continue...Read More

China's domestic rebar prices remained unchanged on Monday July 9 although futures picked up some strength after the weekend. Domestic Eastern China (Shanghai): 3,940-3,980 yuan ($593-599) per tonne, unchanged Northern China (Beijing): 3,870-3,910 yuan per tonne, unchanged Rebar futures posted solid gains during the day, which stimulated buying interest in the spot market.Buyers who had not been p...Read More

In a period of economic uncertainty exacerbated by threats of a trade war, Samuel Pelaez, chief investment officer and portfolio manager with Galileo Global Equity Advisors, delves beyond the headlines to discuss the factors that are influencing gold, oil and other commodities, and why he believes we are on the cusp of a once-in-a-lifetime opportunity in commodities. The Gold Report: Sam, recentl...Read More

Jack Chan charts the latest moves in the gold markets and sees the potential for a new "bull leg." Our proprietary cycle indicator is now up. The gold sector is on a long-term buy signal. Long-term signals can last for months and years and are more suitable for investors holding for long term. The gold sector is on a short-term buy signal. Short-term signals can last for days and weeks, and are mo...Read More

Chinese ferro-chrome prices plunged late last week after ferro-chrome smelters in the major production hub of Inner Mongolia restarted operations, while muted buyer interest and uncertainty weighed on cif China UG2 chrome ore and charge chrome indices. Spot domestic ferro-chrome prices drop in China  Chrome ore and charge chrome cif China dip  Alloys in South Korea and Japan unmoved&nbs...Read More

Chinese domestic ferro-silicon prices dropped in the past week, paring gains made the week before amid low key trading activity from a fall in demand; meanwhile, the European market has seen a widening of the spot price trading range amid an illiquid market. China pares recent gains amid lower demand Dealers eye end to environmental inspections Europe price range widens lower amid slack...Read More

As competition in the global steel markets remains fierce, Metal Bulletin provides an update on the new, progressing and closed trade cases from around the world in June 2018.The case list below includes only updates. For other continuing cases this year, see the updates for January, February, March, April...Read More

Our research team has identified a potential major price rotation setup in Crude Oil that may be one of the biggest opportunities for traders in a long while.  Traders need to be aware of this potential move because it could coincide with other news related to foreign markets/economies as well as supply/demand issues throughout the rest of this year.Demand for Oil is tied to the economic acti...Read More

 CloseGain/LossGold $1258.20+$3.10Silver$16.11+$0.08XAU83.28-0.56%HUI178.82-0.22%GDM629.59-0.50%JSE Gold1076.07-6.63USD94.10+0.09Euro117.47-0.03Yen90.26-0.29Oil$73.85+$0.0510-Year2.861%+0.037T-Bond145.15625-0.50Dow24776.59+1.31%Nasdaq7756.20+0.88%S&P2784.17+0.88% The Metals: Gold gained $10.80 to $1265.90 in London before it drifted back lower in New York, but it still ended wit...Read More