The price for flat steel products imported into the United Arab Emirates and Saudi Arabia mostly increased over the past week due to increased production costs, Fastmarkets heard on Tuesday March 19.End-user demand has been weak, so buyers were unwilling to place large-tonnage orders, sources told Fastmarkets. At the same time, production costs have been rising and placing upward pressure on the f...Read More

* Palladium hits a record high of $1,606/oz* Gold edges up for a third consecutive session * SPDR gold holdings post biggest daily gain since Jan. 18 (Updates prices)By Arijit BoseMarch 19 (Reuters) - Palladium hit its highest ever onTuesday, crossing the $1,600 an ounce mark for the first time asnews that Russia is planning to ban exports of precious metalsscrap fuelled concerns over an already s...Read More

Export prices for Chinese cold-rolled coil (CRC) and hot-dipped galvanized coil (HDG) rose for the sixth consecutive week on Tuesday March 19. Mills increased their offers again on steady domestic demand in China amid the ongoing winter production cuts, and costlier hot-rolled coil feedstock also helped to push up the prices, sources said. Fastmarkets' daily fob China HRC Index stood at...Read More

Chinese hot-rolled coil sellers kept prices steady on Tuesday March 19 on robust domestic demand ahead of a decrease of the country's value-added tax.DomesticEastern China (Shanghai): 3,850-3,870 yuan ($573-576) per tonne, widening downward by 10 yuan per tonneNorthern China (Tianjin): 3,810-3,830 yuan per tonne, unchangedPrices were largely stable in both eastern and northern China, with buyers s...Read More

When it comes to the potential for stock market gains for the rest of the year, is the glass half full or half empty? We tackle the issue in this week's Canadian Insider Insights newsletter. We suggest that the optimists may have one important factor going their way.To get our take on what that might be, click here to read the latest edition of our weekly newsletter for free. It is even better th...Read More

Price assessments for steel rebar and billet in the United Arab Emirates were stable this week while demand remained only moderate, sources told Fastmarkets on Tuesday March 19.Local rebar producers rolled over their domestic prices for rebar last week.Rebar importsOman was offering rebar for import into its neighboring state at $530-535 per tonne cpt UAE and a few deals were heard within that ran...Read More

China's domestic rebar prices edged up further on Tuesday March 19 on steady end-user demand amid favorable weather. Domestic Eastern China (Shanghai): 3,870-3,900 yuan ($576-581) per tonne, narrowed upward by 20 yuan per tonne Northern China (Beijing): 3,850-3,890 yuan per tonne, narrowed upward by 10 yuan per tonneWarmer weather in both Shanghai and Beijing led contractors to raise their procure...Read More

* U.S. central bank to start two-day policy meeting * Dollar down 1.3 pct over last 10 sessions * Aussie trims gains after RBA minutes * Graphic: World FX rates in 2019 (Adds context, graphics, updates prices)By Tom FinnLONDON, March 19 (Reuters) - The Japanese yen rose onTuesday, benefiting from a U.S. dollar hit by concern over theU.S. economy and expectations that the Federal Reserve willprove...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: rebar, wire rodRebar East China, domestic, grade III...Read More

Turkish steel producers continued to remain out of the deep-sea ferrous scrap markets while suppliers kept their offers firm, sources told Fastmarkets on Tuesday March 19.Market participants said that suppliers in the United States kept their offers at $330 per tonne cfr for HMS 1&2 (80:20), but the steel producers in Turkey were only willing to pay $315 per tonne for the same material."US supplie...Read More

Iron ore prices corrected down on Tuesday March 19, with futures and spot market activity at Chinese ports both declining after Monday's gains.Tuesday also saw Fastmarkets' MB 62% Fe Iron Ore Index used for the first time as part of a basket of measures to price Pilbara Blend fines.MB 62% Fe Iron Ore Index: $87.23 per tonne cfr Qingdao, down $1.03 per tonne. MB 62% Fe Pilbara B...Read More

In recent weeks we noted the bullish outlook for the stock market.Friday the S&P 500 as well as ACWX (global equity ETF ex US stocks) closed above resistance and made higher highs.Not surprisingly, as US and global equities have avoided a bear market (for the time being), precious metals have weakened. It's not a surprise that as Gold failed to breakout both the S&P 500 and global equities (ACWX...Read More

DaBoyz have been artfully rotating money between a handful of high-profile stocks in order to keep this distributive rally going for as long as possible. On Monday, although the broad averages seemed leaden all day, the Dow still eked out a 65-point gain while AMZN, AAPL and MSFT rose, respectively, 1.75%, 1.08% and 1.48%. This was despite the fact that shares of Boeing, the 800-pound gorilla of...Read More

Brazil's Vale has obtained a court order allowing it to restart port activities at its Gua?-ba Island Terminal, it said late on Monday March 18.The iron ore miner had suspended port activities at the terminal earlier this month on orders of the Mangaratiba city government."Following the court decision, Mangaratiba City Hall authorities lifted the interdiction. Vale reaffirms that it has all valid...Read More

By: IRA EPSTEINGold waiting for FOMC tomorrowRead More

Wish everyone a very colorful holiThe region between $1290-$1310 is a very dangerous zone for day traders. Right now gold is bullish and looks headed for $1330+. Trend (after FOMC) in gold and silver n Thursday and Friday is the key. There will be buyers on dips and short covering if gold and silver rise on the latter half of the week. Brexit is still in a limbo. China buying more farm products...Read More

Price assessments for steel rebar and billet in the United Arab Emirates were stable this week while demand remained only moderate, sources told Fastmarkets on Tuesday March 19.Local rebar producers rolled over their domestic prices for rebar last week.Rebar importsOman was offering rebar for import into its neighboring state at $530-535 per tonne cpt UAE and a few deals were heard within that ran...Read More

Link to article discussed:https://harley.larouchepac.com/green_...Harley Schlanger's work can be found at LaRouchePAC.com.Read More

Link to the Slides and Sources: https://www.itmtrading.com/blog/basel...Question 1. JR: Have you had a chance to review Basel III? Doesn't this mean that when you go to take money out of your depositor bank, the money won't be there? Am I right in believing this is absolutely the end game?Question 2. Jim D: Could you please comment on the Basel III changes scheduled for end of March? Assuming bank...Read More

Max talks to Karl Denninger of Market-Ticker.org about why the next crash will NOT be a repeat of 2008, but much, much worse. They talk about the Fed promising negative rates in the event of another crash.Max Keiser is an American broadcaster and film-maker. He hosts Keiser Report, a financial program broadcast on RT. He presents a weekly show about finance and markets on London's Resonance FM, an...Read More