[Editor’s note: This story was previously published in Dec 2018. It has since been updated and republished.]As Warren Buffett likes to say, “price is what you pay, value is what you get.” It’s the reason why a $300-per-share stock can be cheap, while a $3 one can be expensive. With that said, there’s something about low-priced stocks that captivates investors’ i...Read More

Greg Rickford, Minister of Energy, Northern Development and Mines for Ontario, and Bronwyn Eyre, Minister of Energy and Resources for Saskatchewan, released the following statement today regarding Bill C-69, legislation that threatens resource jobs across Canada:"The governments of Ontario and Saskatchewan held a roundtable discussion with industry leaders at the Prospectors and Developers Associa...Read More

Demand for flat steel in Turkey failed to improve in February although prices increased, but no further price rises were expected, market participants told Fastmarkets on Wednesday March 6.Local producers have filled their order books until May, they added.The price rises in February resulted from increasing prices for raw materials after the rupture of a tailings dam at Vale's Feij??o iron ore mi...Read More

All this has happened before, and all this will happen again.I've been having some strong d?(C)j? vu lately.But that intense feeling only came to me whenever I stared at a certain set of oil charts. I couldn't quite place it at first, and it took a while for the revelation to come to me.At this point, it's safe to say that nearly everyone has heard of the Bakken. Not only did it singlehandedly pu...Read More

China's domestic prices for hot-rolled coil continued falling on Wednesday March 6 following downward moves in the futures market. DomesticEastern China (Shanghai): 3,840-3,860 yuan ($573-576) per tonne, down 10-20 yuan per tonneNorthern China (Tianjin): 3,770-3,790 yuan per tonne, down 10 yuan per tonne Customers cut procurement rates after seeing the weak futures market.The most-traded...Read More

Top Asian steelmakers will continue hiking hot-rolled coil (HRC) prices in the second quarter of this year due to continued strong demand in the region, a leading Japanese steel mill told Fastmarkets MB this week."Tier-1 mills in South Korea, China, Japan and Vietnam see many reasons to increase their offers in the second quarter of 2019, including strong seasonal demand from end users," a source...Read More

Prices for hollow steel sections in the domestic European market were largely stable on Wednesday March 6 but producer-led increases could take effect soon, market sources told Fastmarkets.Fastmarkets' domestic price assessment for commodity-size, grade-S235 square hollow sections made in Northern Europe was unchanged week on week on Wednesday at ?,?630-650 ($713-736) per tonne delivered."Higher p...Read More

Steel beam prices in the domestic Northern European market have narrowed while prices in Southern Europe moved upward this week on higher offers and improved demand, sources told Fastmarkets on Wednesday March 6.Fastmarkets' weekly price assessment for domestic S235-grade, 200x200mm, category-2 H-beam in Northern Europe narrowed by ?,?10 per tonne to ?,?610-635 ($690-719) per tonne delivered on Ma...Read More

European prices for mesh-quality wire rod stayed flat again across the continent in Fastmarkets' price assessments on Wednesday March 6, with levels of demand continuing to disappoint and with almost no business of significant volume reported in the first quarter of the year so far.Fastmarkets' weekly domestic price assessments for mesh-quality wire rod for both Northern and Southern Europe stayed...Read More

Turkish steel producers have continued to book deep-sea scrap to replenish their stock levels despite poor sales of finished and semi-finished steel products, sources said on Wednesday March 6.A steel mill in Northern Turkey booked a Baltic Sea cargo, comprising 9,000 tonnes of HMS 1&2 (80:20) at $319 per tonne, 11,000 tonnes of shredded at $324 per tonne and 9,000 tonnes of bonus at $329 per tonn...Read More

Iron ore prices were mixed on Wednesday March 6, with still-sluggish profitability among Chinese steelmakers giving few clues as to the future direction of the market.MB 62% Fe Iron Ore Index: $87.05 per tonne cfr Qingdao, up $0.02 per tonne. MB 62% Fe Pilbara Blend Fines Index: $86.45 per tonne cfr Qingdao, up $0.02 per tonne. MB 62% Fe Iron Ore Index-Low Alumina: $89.08 per tonne cfr Qingdao, do...Read More

The availability of a high-grade iron ore derivative has brought a "whole new dimension" to the market, with the development of a forward curve being a key benefit, Andrew Glass, head of ferrous trading at Anglo American, said last week at Fastmarkets MB's China Iron Ore conference in Beijing.The derivative contract provides additional measurement of what the 62% Fe iron ore and the 65% Fe iron or...Read More

The $22 trillion official national debt is a much discussed problem, even as politicians exhibit zero motivation to do anything about it. But as big an economic overhang as it is, government debt isn't likely to trigger the next financial crisis.Yes, servicing the growing federal debt bubble will depress GDP growth, cause the value of the dollar to drop, and raise inflation risks. But the bubble...Read More

By: Ira EpsteinApril Gold - continuation of thrust to the downside. Some big dumping of positions in this market. Where the market is looking to gain traction is near its 100DMA and..Read More

By: Jordan Roy-Byrne CMT, MFTAThe recent rally showed quite a bit of promise.Gold stocks surged past their long-term moving averages while breadth indicators surpassed all prior bear market peaks (excluding 2016). 71% of the HUI and 81% of GDXJ closed above the 200-day moving average.GDX and GDXJ looked to be on their way to $25 and $37, with Gold approaching $1360/oz and those breadth figures...Read More

By Avi GilburtWhile there is some religious significance in Roman culture, the Ides of March is best known as the date on which Julius Caesar was assassinated in 44 BC at a meeting of the Roman Senate.At the time, a seer named Plutarch (some claim that the seer was named Spurinna) had warned that something would happen to Caesar by that date. For those that know their Shakespeare, on his way to...Read More

Iranian export slab prices dropped in the week ended Wednesday March 6 with bookings done at lower values, Fastmarkets has heard, despite a positive mood in the CIS export slab market due to reduced availability of the material.Offers of Iranian slab were reported at $365-370 per tonne fob Iranian ports. And a 30,000-tonne cargo was sold to a customer in China at $360 per tonne fob, Fastmarkets ha...Read More

It could be the beginning of the global "currency war" after the so called the end of the "trade war". The reason is in the paragraph below. Indirectly nations fight currency war day in and day out. Trump is making it open. Currency war induced by Trump will only speed up the decline in the purchasing power of the US dollar. Trump is the US president for less than two years. By then nations will...Read More

Demand for flat steel in Turkey failed to improve in February although prices increased, but no further price rises were expected, market participants told Fastmarkets on Wednesday March 6.Local producers have filled their order books until May, they added.The price rises in February resulted from increasing prices for raw materials after the rupture of a tailings dam at Vale's Feij??o iron ore mi...Read More

It's no longer a "conspiracy theory" that big brother is watching everything we do, in fact this is now common knowledge yet most people still comply with going along with this Orwellian Nightmare! Apple's iPhone is tracking your every move and is storing this information right on the device itself and most people are completely unaware that this is even happening! In this video Dan Dicks of Press...Read More