First published Sun Jul 1 for members of ElliottWaveTrader.net:Dealing with markets is more about psychology than it is about anything else.So, let’s begin this weekend’s analysis with a discussion of the psychology of the metals market.There has been no trade more frustrating over the last several years than the metals.In fact, if you even remember back in 2015, the low we struck at t...Read More

June was hot for the central banks. The Federal Reserve lifted the federal funds rate for the second time this year, while the European Central Bank announced that it would end its bond purchase program by the end of 2018. It would mean another step towards normalization of the crisis-era monetary policy, which would end quantitative easing on both sides of the Atlantic Ocean. What do these import...Read More

The HUI along with most of the other PM stock indexes are at a critical point right here andnow. Below is a combo chart we’ve following which has the UUP (The US Dollar Index ETF) on top and the HUI on the bottom. The UUP is building out a potential morphing bullish rising wedge consolidation pattern which would most likely give the PM complex some headwind if the price action breaks out top...Read More

US mills are holding back on further price increases on rebar to avoid a government reaction, thereby making it harder for imports to compete, the International Rebar Producers & Exporters Association (Irepas) said this week.On June 20, US Commerce Secretary Wilbur Ross accused unnamed industry participants of wrongly "profiteering" from Section 232 tariffs on imported steel, suggesting the Trump...Read More

Sector expert Michael Ballanger details his forecast for precious metals markets in the second half of 2018. Given the impressive reversal in gold last Monday, which appeared to occur during the Asian and European trading sessions as opposed to the Crimex pit session, it looks like the precious metals are adhering to the well-broadcasted seasonality trade that has been fraught with random, rather...Read More

Gold has been afflicted by relentless selling over the past few weeks or so, forcing it to major lows. While summer-doldrums weakness is typical, gold's recent drop is on the large side even for this time of year. It was fueled by truly-extreme short selling by gold-futures speculators, which is quickly exhausting. That is paving the way for gold's major autumn rally to start marching high...Read More

By Stefan GleasonPresident Donald Trump's "America First" trade policies are upending decades of global arrangements and entanglements. Globalists are aghast that the leader of the free world is openly confrontational toward NAFTA, NATO, the European Union, United Nations, and World Trade Organization.In rebuffing the global community by pursuing unilateral tariffs and vowing to win trade wars a...Read More

By RambusThe HUI along with most of the other PM stock indexes are at a critical point right here and now. Below is a combo chart we've following which has the UUP (The US Dollar Index ETF) on top and the HUI on the bottom. The UUP is building out a potential morphing bullish rising wedge consolidation pattern which would most likely give the PM complex some headwind if the price action breaks...Read More

by Avi Gilburt, ElliottWaveTrader.netFirst published Sun Jul 1 for members of ElliottWaveTrader.net: Dealing with markets is more about psychology than it is about anything else. So, let's begin this weekend's analysis with a discussion of the psychology of the metals market.There has been no trade more frustrating over the last several years than the metals. In fact, if you even remember...Read More

June was hot for the central banks. The Federal Reserve lifted the federal funds rate for the second time this year, while the European Central Bank announced that it would end its bond purchase program by the end of 2018. It would mean another step towards normalization of the crisis-era monetary policy, which would end quantitative easing on both sides of the Atlantic Ocean. What do these impo...Read More

- U.S. China trade war escalates as Russia stockpiles gold on the Keiser Report- Trump's erratic and risky trade policies pose a risk to dollar as reserve currency- China, Russia "getting cosier" with Silk Road and increasing economic cooperation- China and Russia "want to do business outside of the dollar" and "dollar will finally reach its comeuppance"- "No gold ever leaves China ... they ar...Read More

Prices for some coated steel coil products in Turkey increased in the week ended Friday July 6 but demand in the local market was only moderate, Metal Bulletin has heard.Domestic pricesOne producer in northern Turkey reduced its coated coil prices by $10 per tonne during the week.The producer is now offering 0.50mm hot-dipped galvanized coil (HDG) at $770 per tonne ex-works, down from $775 per ton...Read More

Full Article: Tradeable Bottom In Precious MetalsBy: Bob MoriartyAfter a rough few months in the junior resource sector there are signs that the worst may be behind us and the seasonal tailwinds just over the horizon are a welcome respite for weary investors. Given the potential importance of this recent inflection point I felt it was a good time to have a conversation with Bob Moriarty and get h...Read More

After a two-year period of super-fast growth, the expansion of London Metal Exchange warehouses in Asia slowed significantly over the past year. But what lies behind the change - especially as LME storage space in Europe has also continued to dwindle? Warehouse space at the nine LME delivery locations in Asia grew by just 3% to 1,608,813 sq m  in the year to June 2018, largely due t...Read More

The pig iron market in the United States was silent on the country's Independence Day holiday on July 4, sources told Metal Bulletin this week."[Price] negotiations are taking place [in the US] but, due to the holiday, we expect more activity next week," one pig iron supplier in the Commonwealth of Independent States (CIS) told Metal Bulletin.Metal Bulletin's price assessment for US pig iron...Read More

Key data from the pricing session in the week ending Friday July 6. China  Most of the ferro-chrome smelters in Inner Mongolia that were idled have restarted, which weighed on Chinese ferro-chrome prices.  Increased domestic supply subdued demand for imported charge...Read More

The latest metal markets news and price moves to start the North American day on Friday July 6.Base metals on the London Metal Exchange were broadly lower during morning trading, with US import tariffs on Chinese goods coming into effect overnight and weakening market sentiment for the complex.Nickel dipped below $14,000 per tonne during morning trading to levels not seen since May...Read More

Good morning from Metal Bulletin's offices in Asia as we bring you the latest news and pricing stories on Friday July 6. Copper prices on the Shanghai Futures Exchange were under pressure during Asian morning trading on Friday amid growing bearish sentiment in the market ahead of the United States' implementation of trade tariffs against China. Check Metal Bulletin's live futures report here.Leon...Read More

Metal Bulletin rounds up some of the key news and price moves across the global metal markets this week. Base metalsKatoen Natie Singapore (Jurong) Pte Ltd has withdrawn from London Metal Exchange warehouse services with immediate effect, with the operator and name of the shed switching to Henry Bath Singapore, the LME said on Friday July 6.Metals packaging firm Ball Corp is to cease producti...Read More

The tentacles of US sanctions may be starting to reach further afield, special correspondent Andrea Hotter muses in the latest Hotter on Metals column. Earlier this week on Tuesday July 3, producer and trading company Glencore said it had received a subpoena from the US Department of Justice to produce documents and other records related to a money laundering probe. Sanctions were not mentioned, b...Read More