Wheaton Precious Metals?,,? Corp. (TSX: WPM, NYSE: WPM) is one of the largest precious metals streaming companies in the world. Wheaton currently has streaming agreements for 19 operating mines and 9 development stage projects. We learned from Randy Smallwood, President and CEO of Wheaton Precious Metals, that in 2018 the Company made their first venture into cobalt, by acquiring a cobalt stream f...Read More
Prices for imported flat steel products in South America continued to rise over the past week with Chinese mills not backing down from more expensive offers made after the Lunar New Year celebrations, despite faltering demand in the region, Fastmarkets heard on Friday February 22.Fastmarkets assessed the import price for hot-rolled coil (HRC) in South America at $560-570 per tonne cfr on February...Read More
Indian flat steel producers increased domestic hot-rolled coil (HRC) prices by 1,000 rupees ($14) per tonne at the start of this week to factor in the higher prices of the commodity in the international market and rising raw materials costs.The price increase of 1,000 rupees per tonne for sales in the second half of February takes Fastmarkets' domestic HRC price to 40,500-41,000 rupees per to...Read More
According to the latest IIROC report, short bets against Khiron Life Sciences (Sunny; KHRN) soared by a whopping 3,076,474 shares in the period between February 1st and 15th. That was right before the stock charged up to its all-time high of $4.33 (CXC trading - click here for latest real-time quote) set earlier today.Click here for KHRN INK company page (INK subscription required)While the recen...Read More
Steel coil prices in Turkey have mostly been stable in the week ended Friday February 22, with buying activity remaining weak.Prices are likely to fall soon if demand does not improve, sources told Fastmarkets.Buyers placed orders early in February because they had low stock levels, but end-user demand in the country was not strong, so at the moment buyers prefer to wait and see whether prices wil...Read More
Brazil's apparent consumption of steel totaled 1.54 million tonnes in January, down 5.6% from 1.63 million tonnes during the same month in 2018, national steel association Instituto A??o Brasil said on Friday February 22.Performance lagged most in the flat steel market. Flat steel usage reached 905,000 tonnes in the month, as it fell by 8.2% from 986,000 tonnes in January 2018. Long steel consumpt...Read More
China's domestic rebar prices maintained their upward trend on Friday February 22 with stockists looking to replenish their inventories. Domestic Eastern China (Shanghai): 3,720-3,760 yuan ($554-560) per tonne, up 20 yuan per tonneNorthern China (Beijing): 3,730-3,750 yuan per tonne, up 30 yuan per tonneSome stockists were actively buying rebar to replenish inventories, wh...Read More
The latest bids, offers and deals in the global markets for rebar, wire rod, steel beams and other long steel products. Latest transaction: rebarRebar East China, domestic, grade...Read More
The import pig iron market in the United States calmed down during the week ended Friday February 22, after several bookings were completed, sources told Fastmarkets on the day.Fastmarkets' import price assessment for pig iron in the US was $355-360 per tonne cfr on February 22, stable week on week."The workable price for buyers is still below the target price for suppliers, but everything will de...Read More
Steel scrap prices in the principal trading regions have fallen sharply, as was expected by the majority of market participants, during the working week from Monday February 18 to Friday February 22.The price falls followed the decrease in Turkish scrap import prices this week, which was itself the result of limited demand for rebar and billet in the country's domestic market.Prices in Taiwan mana...Read More
The price of shredded ferrous scrap imported into India fell this week, confirming the correction that market participants had been expecting, sources told Fastmarkets on Friday February 22.Fastmarkets' weekly index for containerized imports of shredded scrap into India was $339.44 per tonne cfr on February 22, a fall of $6.06 per tonne from $345.50 per tonne cfr on Februa...Read More
COT SPECIAL PUBLICATION SCHEDULE Reminder -- Due to the U.S. Government Shutdown (February 1 Announcement) The last COT report was published on December 21, 2018. Reports going forward from that date will be published in chronological order beginning with the report previously scheduled for release on Friday, December 28, 2018 (based on data from Monday, December 24, 2018). The CFTC publ...Read More
The gold miners' stocks surged strongly this week, blasting to new upleg highs. The mounting gains are naturally driving more interest in this small contrarian sector, shifting sentiment towards bullish. Despite their accelerating rally, gold stocks still remain fairly low technically and deeply undervalued relative to gold. So their strengthening upleg likely has plenty of room to run c...Read More
HighlightsMichael Pento, President and Founder of Pento Portfolio Strategies LLC returns to Goldseek.com Radio.Mr. Pento graciously outlines his current portfolio-strategy in detail for the listening audience.One of the few economic pundits to correctly anticipate the market plunge of 2018 on record.Gold and utilities remain favorite long positions, while he is comfortable with a short positi...Read More
By: Ira EpsteinGold still lower-lows, higher-highs...Read More
On Wednesday the Indoos poked marginally above a key peak at 25,908 recorded in December. This would likely have caused a multitude of technical traders and algos to smack their lips with anticipation, since such breakouts, even when slight, are among the most bullish events that can occur on charts. Of course, it could also be a great way for Mr. Market to set a ruinous trap for bulls, since th...Read More
Dear Friend of GATA and Gold:The Shareholders' Gold Council, started last year by fund manager John Paulson "to conduct research reports and studies of interest to investors in the gold industry" (https://www.goldcouncil.net/), has rejected GATA's requests for membership and to make a presentation about manipulation of the gold market by central banks and their bullion bank agents.A representati...Read More
There will be demand in Asia of gold and silver today. If gold and silver continue to fall today also, then jewelers will have a jolly time during the weekend. They will be very busy. There should be good gold jewelery demand tomorrow if gold prices fall today also. Does an end to so called trade war between USA-China imply that it is over for gold bulls? This is the question which I am aski...Read More
Brazilian slab export prices have jumped for a third consecutive week following the positive trend in steel prices and the costs of raw materials.Fastmarkets' weekly assessment of Brazilian slab export prices was $490-530 per tonne fob on Friday February 22, compared with $460-510 per tonne fob a week earlier.Some volumes were still available for April shipment, and sellers were waiting to place o...Read More
CIS steel billet producers reduced offers of April-rolling billet in the week ended Friday February 22 in an attempt to attract customers, following the decline in global scrap prices, particularly in Turkey.Fastmarkets daily index for Northern Europe-origin HMS 1&2 (80:20) was calculated at $304.96 per tonne cfr Turkey on Friday February 22, down from $324.29 on the same day last week.The daily i...Read More