The Thursday Market Minute Global stocks mixed following Fed's dovish tilt, with the dollar index sliding to multi-week lows and bond yields declining across the boardEquity market gains, however, were capped by comments from President Donald Trump, who said tariffs on China-made goods could remain in place "for a substantial period of time".European stocks slip from late-September highs, with G...Read More

They say money can't buy happiness.But you know what?It sure as hell makes life a lot easier.Not to be brash, but I'm a hell of a lot happier today than when I was broke, living paycheck to paycheck.I don't care what anybody says. Living that way sucks.Wondering if you're going to have enough to retire...Hoping you don't get sick because you can't afford a doctor visit...Walking through the grocer...Read More

Domestic prices for heavy steel plate in Southern Europe have been largely stable over the past week despite a slowdown in market activity, sources told Fastmarkets on Thursday March 21.Fastmarkets' weekly price assessment for domestic grade-S235JR heavy steel plate in Southern Europe was ?,?555-570 ($631-648) per tonne ex-works on March 20, compared with ?,?550-570 per tonne ex-works last week.Th...Read More

Shorts have Paramount Resources in their crosshairs based on Thursday's IIROC short report. The stock has seen its short position jump by 987,869 shares and now totals 7,352,444 shares representing 10.3% of the stock's float. The short data is as of March 15th as reported by market participants to IIROC.Top 10 Canadian Stocks Shorted as of March 15, 2019* StockShares Short% FloatChangeInsiders...Read More

The outlook for EU domestic prices for hot-rolled coil (HRC) remained gloomy due to slow buying activity, sources told Fastmarkets on Thursday March 21.But despite the lack of activity, European steelmakers have been trying to keep prices steady, according to market participants."There is a tremendous fight between the big service centers because the automotive industry is taking less material and...Read More

China's domestic hot-rolled coil market edged up further on Thursday March 21 even though trading activity has started to decline, while export prices are expecting to weaken on inactivity.DomesticEastern China (Shanghai): 3,870-3,890 yuan ($577-580) per tonne, up 10 yuan per tonneNorthern China (Tianjin): 3,830-3,850 yuan per tonne, up 20 yuan per tonneDemand for HRC sold at the existing 16% valu...Read More

Turkish rebar and wire rod export prices remained stable over the past week with sluggish demand for rebar in the country's export markets, sources said on Thursday March 21.Fastmarkets' weekly price assessment for rebar exports out of Turkey was $490-500 per tonne fob on actual weight basis on March 21, unchanged week on week. Turkish steel producers have continued to offer material at around $50...Read More

Domestic rebar and wire rod prices in Turkey have inched up in line with the weakening lira over the past seven days, while demand was still slow, sources said on Thursday March 21.Fastmarkets' weekly price assessment for domestic rebar was TRY3,200-3,263 ($586-597) per tonne ex-works, including 18% VAT, slightly up from the TRY3,180-3,215 per tonne of last week.The domestic rebar price in the Izm...Read More

China's domestic rebar market regained some upward momentum on Thursday March 21 after mills announced higher ex-works prices, while a drop in spot supply and early-hour futures gains provided additional support.Domestic Eastern China (Shanghai): 3,890-3,920 yuan ($580-585) per tonne, up 20 yuan per tonneNorthern China (Beijing): 3,860-3,890 yuan per tonne, narrowed up by 10 yuan per tonneRebar fu...Read More

The Turkish deep-sea scrap import prices inched up on Thursday March 21 with news of a fresh deep-sea cargo trade.A steel producer in the Marmara region booked a Baltic Sea cargo, comprising 25,000 tonnes of HMS 1&2 (80:20) at $321 per tonne cfr, late on March 20.This compared with the previous Baltic Sea cargo sold on...Read More

Physical iron ore markets on Thursday March 21 were relatively unfazed by news of potentially more supply disruptions from Vale's Brazilian operations and from cyclone-hit Australia. MB 62% Fe Iron Ore Index: $84.49 per tonne cfr Qingdao, up $0.19 per tonne. MB 62% Fe Pilbara Blend Fines Index: $83.61 per tonne cfr Qingdao, up $0.19 per tonne. MB 62% Fe Iron Ore Index-Low Alumina: $86.64 per tonne...Read More

With the UUP ( US Dollar ETF) having a fairly large decline today lets update a few charts to see how they've been progressing. Back in August of last year the UUP began to build out a rising wedge formation with today's price action completing the fourth reversal point when the UUP traded down to the bottom trendline. Sometimes when a stock fails to touch the top rail in a well defined pattern...Read More

By: IRA EPSTEINGold over the 18-DMA on settlement, upper Bollinger band around $1,330 and falling. Momentum is not overbought..Read More

Charles Nenner & Chris Waltzek Ph.D. - March 20th, 2019.** * Mp3 file.HighlightsHailing from sunny Miami Florida, home of the exotic Miami beach,Charles Nenner rejoins the show. Our guest outlines proprietary market model entries / exits including gold that could eventually ascend to $2,500 Adding support for the bullish case for PMs / commodities, the Euro could remain strong relative to...Read More

Jewelry has been an integral aspect of human civilization for centuries, but it was the discovery and subsequent spread of precious metals and gemstones which really changed the game.In today's infographic from Men?", we visualize how the uses and symbolism of jewelry have evolved across time and space to become the industry we're familiar with today.Antique, Yet AgelessThere isn't a single co...Read More

By Daniel R. Amerman, CFAIn a previous analysis we examined how to create a 21% yield, as the incidental byproduct of the Fed's plans for the cyclical containment of recession.In this analysis, we will deepen that examination and visually illustrate the financial mathematics that would create a potential 48% yield from what the Federal Reserve plans to do in the event of another recession.This a...Read More

The Fed's tightening campaign, which was supposed to restore a semblance of monetary normalcy, after a decade of extraordinary stimulus, is officially over. The curtain came down far earlier than just about anyone in the mainstream had predicted. Given that the Fed's sounded the retreat before any real blood was shed, should put into question whether they will ever be able to stand tough again....Read More

Stocks whoopee-cushioned on word from the Fed that tightening is unlikely for the remainder of the year. "Interest rate increases could be on hold indefinitely," Powell said. "It may be some time before the outlook for jobs and inflation calls clearly for a change in policy." Although the stock market's obligatory headless-chicken dance ended with the broad averages largely unchanged, it's surpr...Read More

COLORADO SPRINGS, March 20, 2019 (GLOBE NEWSWIRE) Gold Resource Corporation (NYSE American: GORO) (the "Company") today announced the successful power line connection of its El Aguila Project in Oaxaca, Mexico to the Federal Electricity Commission's (Comisi?n Federal de Electricidad or CFE) power grid. Prior to this connection, the Aguila Project operated 100% from electricity generated fro...Read More

Brazil's Vale has issued a warning over another potential iron ore production impact of as much as 10 million tonnes per year due to the suspension of operations at its Alegria mine in Minas Gerais state.The mine was suspended "on a preventive basis", because the results of a preliminary analysis of its structures were inconclusive under stress conditions, and as such, were unable to confirm its s...Read More