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PRECIOUS-Gold falls off $1,300/oz perch on stronger dollar, stocks

March 14, 2019 / www.kitco.com

(Updates prices) * British lawmakers vote on whether to delay Brexit later inday * Silver falls for first time in five sessionsBy Sumita LayekMarch 14 (Reuters) - Gold fell on Thursday, breaking belowkey technical support at $1,300, as the dollar edged up afterBritish lawmakers voted against a no-deal Brexit, while gains inEuropean stocks further dented bullion's allure.Spot gold was down 1 percen...Read More

TURKEY LONG STEEL: Weak lira, higher scrap costs push up domestic prices

March 15, 2019 / www.metalbulletin.com

Prices in the local market for Turkish rebar and wire rod have continued to increase, influenced by the weakening of the value of the country's lira and rising costs for imported scrap raw material, sources said on Thursday March 14.Fastmarkets' weekly price assessment for domestic rebar was TRY3,180-3,215 ($582-589) per tonne ex-works on March 14, including 18% VAT, up from last week's TRY3,100-3...Read More

TURKEY LONG STEEL EXPORTS: Rebar market still weak, wire rod strengthens

March 15, 2019 / www.metalbulletin.com

Turkish rebar and wire rod prices have increased over the past week in line with the latest uptick in the cost of imported scrap, sources told Fastmarkets on Thursday March 14.Demand for rebar was still sluggish in the country's export markets, however, although the wire rod market was comparatively better due to demand from the machinery industry.Turkish steel producers were trying to keep their...Read More

EGYPT STEEL BILLET, REBAR: Buyers resist higher billet prices

March 15, 2019 / www.metalbulletin.com

Steel billet import prices in Egypt have increased over the past seven days with higher offers being heard, sources told Fastmarkets on Thursday March 14.Fastmarkets' weekly price assessment for steel billet imported into Egypt was $475-480 per tonne cfr on Thursday, rising from $470-475 per tonne cfr last week.CIS-origin billet was offered to the country at $480 per tonne cfr, but no major bookin...Read More

UK FERROUS SCRAP: March prices steady as suppliers agree rollover

March 15, 2019 / www.metalbulletin.com

UK ferrous scrap prices for deliveries in March have been settled at values unchanged from the month before, with higher export prices and steady domestic British demand supporting the move, trade sources told Fastmarkets on Thursday March 14.The sideways moves in UK prices consolidate a jump of ?20 per tonne in February. This came after European export prices to key destination Turkey rallied by...Read More

DAILY SCRAP REPORT: Prices steady as mills continue bookings

March 15, 2019 / www.metalbulletin.com

Turkish steel producers have continued their bookings of deep-sea scrap cargoes with prices remaining stable, sources said on Thursday March 14.A steel mill in the Marmara region booked a European cargo, comprising 25,000 tonnes of HMS 1&2 (75:25) at $317 per tonne and 5,000 tonnes of bonus at $331 per tonne cfr.The same mill...Read More

Precious Metals Update Video: Gold - back to 18dma and figuring out what to do

March 14, 2019 / news.goldseek.com

By: IRA EPSTEINGold at 18-DMA. Bearish momentum being lost. Gold price figuring out what to do next:Read More

A Precise Target If Boeing Keeps Falling

March 14, 2019 / news.goldseek.com

Boeing has bounced very precisely from the 363.20 midpoint pivot shown, validating the pattern and its very bearish 'D' target at 323.72. This means that if and when the bounce from today's low sputters out and the stock relapses beneath 363.20, it could fall all the way to 323.72, or 14%, in search of traction. The secondary pivot at 343.46 would become our minimum downside objective at that...Read More

Palladium Pandemonium May Portend a Silver Mania Ahead

March 14, 2019 / news.goldseek.com

By: Stefan Gleason, In a once rare property crime now trending higher around the world, thieves are stealing precious metals from automobiles.These opportunistic criminals don't bother rummaging through glove compartments in the hope of finding stashed jewelry or gold coins. Instead, they go for the near certain score of exposed catalytic converters.A car's catalytic converter is attached to its...Read More

IRON ORE DAILY: Prices jump after steel inventory drop, restriction relief

March 15, 2019 / www.metalbulletin.com

Iron ore prices jumped on Thursday March 14 amid a positive destocking of steel products in China and signs of loosening restrictions on steelmaking operations.MB 62% Fe Iron Ore Index: $87.26 per tonne cfr Qingdao, up $2.48 per tonne. MB 62% Fe Pilbara Blend Fines Index: $86.38 per tonne cfr Qingdao, up $2.48 per tonne. MB 62% Fe Iron Ore Index-Low Alumina: $89.50 per tonne cfr Qingdao, up $2.80...Read More

UPDATE 6-General Electric CEO sets low 2019 profit targets, vows better from 2020

March 14, 2019 / www.kitco.com

(Adds details from GE, analyst comment, updates share price)By Alwyn Scott and SanjanaShivdasMarch 14 (Reuters) - General Electric Co ChiefExecutive Larry Culp on Thursday set conservative profit targetsfor this year and staked his reputation on hitting them anddoing better in 2020 and beyond, igniting a rally in the stock.Culp's detailed pep talk, which drew praise from Wall Streetanalysts on a c...Read More

UPDATE 2-London's main index up as no-deal Brexit 'off the table'

March 14, 2019 / www.kitco.com

* FTSE 100 up 0.4 pct * FTSE 250 up 0.6 pct * Oil majors, financials lead gains* TUI jumps on analyst rating upgrade* Anglo American, CRH fall on ex-dividend trading * Just Group tanks after equity raising plans * Marshalls hits life high on upbeat results (Updates with closing prices)By Shashwat Awasthi and Muvija MMarch 14 (Reuters) - UK shares bagged another session ofgains as financials cheere...Read More

TURKEY STEEL BILLET: Domestic, export demand improve but imports still weak

March 15, 2019 / www.metalbulletin.com

Turkish billet prices have continued to rise due to improved demand in the export and domestic markets in addition to the latest growth in imported scrap costs, sources said on Thursday March 14.Fastmarkets' weekly price assessment for domestic billet was $460-470 per tonne ex-works on March 14, up from the $450-460 per tonne of last week.Long steel producer Kardemir opened its local billet sales...Read More

Mohamed El-Erian discusses the economy, markets & much more

March 14, 2019 / marketsanity.com

Allianz Chief Economic Advisor and global macro strategist Mohamed El-Erian sits down with Andy Serwer editor-in-chief for Yahoo Finance to discuss how the United States is now perceived in the global economy, his career as an economist, the value of fundamentals, long term investing, challenges at Harvard University, the Federal Reserve and uncertainty with the economy.He also discusses how his d...Read More

David Stockman: Abort! Abort! Get Out Of The Markets!

March 14, 2019 / marketsanity.com

"We've been living on borrowed time."David Stockman is a former Republican congressman from Michigan and was President Reagan's budget director from 1981 to 1985. After leaving the White House, Stockman became a managing director at Salomon Brothers, and he later founded a private equity fund. David is the founder of David Stockman's Contra Corner, and he is the author of The Great Deformation: Th...Read More

EGYPT STEEL BILLET, REBAR: Buyers resist higher billet prices

March 15, 2019 / www.metalbulletin.com

Steel billet import prices in Egypt have increased over the past seven days with higher offers being heard, sources told Fastmarkets on Thursday March 14.Fastmarkets' weekly price assessment for steel billet imported into Egypt was $475-480 per tonne cfr on Thursday, rising from $470-475 per tonne cfr last week.CIS-origin billet was offered to the country at $480 per tonne cfr, but no major bookin...Read More

The Central Bank Experiment: What's Next?

March 13, 2019 / marketsanity.com

Link to the Slides and Sources: https://www.itmtrading.com/blog/centr...Lynette Zang has held the position of Chief Market Analyst at ITM Trading since 2002. Ms. Zang has been in the markets on some level since 1964. Her mission is to convert financial noise into understandable language. She has been a banker, a stock broker and studied world currencies since 1987. She believes strongly that we ne...Read More

UPDATE 2-European shares climb to five-month peak after no-deal Brexit rejected

March 14, 2019 / www.kitco.com

* Another Brexit votes loom * Goldman Sachs more optimistic * Leonardo top gainer after results * Lufthansa, autos falls (Adds closing prices, details)By Julien Ponthus and Helen ReidLONDON, March 14 (Reuters) - European shares rose to afive-month high on Thursday, boosted by strength in the bankingsector after Britain's parliament voted to reject a disorderlyBrexit.Sentiment improved from cautiou...Read More

US announces more support for 'heroic' White Helmets in Syria

March 14, 2019 / marketsanity.com

At the direction of the President, subject to congressional approval, the United States intends to provide $5 million for the continuation of the vital, life-saving operationsContinue...Read More

O'Rourke Backs Green New Deal - 'We Have No More Than 12 Years' to Take Action

March 14, 2019 / marketsanity.com

"This is the final chance," the failed Senate candidate from Texas advised. "The scientists are absolutely unanimous on this - that we have no more than 12 years to take incredibly Continue...Read More

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