Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. The INK CIN rose for the second week in a row, gaining 6.9 points or 0.6% to finish at 1099.71. MACD increased 2 points to 3.55. Our short-term momentum indicator RSI jumped 6.8 points to 49.36. RSI broke up through a downward trend that dates back to late February. The MACD histogram h...Read More

In a bullish development for Canadian Basic Materials stocks, our sector indicator peaked late last month. Generally, indicator peaks which reflect peak insider buying often take place around share price lows.Click for largerGold and more recently lumber have been moving up, helping to validate insider optimism in the current environment. While many commodities in the group including copper have...Read More

China's rebar prices tumbled on Monday June 17 after the billet market plunged over the weekend.Domestic Eastern China (Shanghai): 3,820-3,850 yuan ($552-556) per tonne, down 50 yuan per tonneNorthern China (Beijing): 3,680-3,730 yuan per tonne, down 100 yuan per tonneRe-rollers stopped production in Tangshan's Fengrun district as instructed by local authorities in an effort to stem emissions, res...Read More

* GRAPHIC-2019 asset returns:* Aluminium slips to 29-month low * Strike at Codelco's Chuquicamata mine provides support (Recasts with closing prices)By Pratima DesaiLONDON, June 17 (Reuters) - Copper prices recovered onMonday, boosted by a mine strike and weak Chinese output, butother industrial metals were pressured by nervousness about thedamage to growth and demand from the U.S.-China trade dis...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

Turkish steel mills have continued to book deep-sea scrap cargoes while prices fall amid oversupply, sources said on Monday June 17.A steel mill in the Iskenderun region booked a US cargo, comprising 10,000 tonnes of HMS 1&2 (80:20), 18,000 tonnes of shredded, 2,500 tonnes of plate and structural (P&S) and 2,500 tonnes of cut rebar at an average price of $289 per tonne cfr. Fastmarkets calculates....Read More

The price of Turkish domestic auto bundle scrap has fallen over the past week in line with the downturn in imported scrap values, sources said on Monday June 17.Four steel mills have reduced their buying prices for auto bundle scrap by TRY15-60 ($3-10) per tonne over the past seven days, following the lower priced deep-sea deals heard in the market.Long and flat steel...Read More

The price of pig iron exported from the south of Brazil decreased over the week ended Friday June 14 in line with the price decline for steel scrap material.Fastmarkets' weekly price assessment for pig iron exported from the southeastern Minas Gerais region of Brazil was $315-320 per tonne fob on June 14, down by $5 per tonne week on week. "Scrap prices dropped, so we have reduced our offers," one...Read More

- Keith Weiner, Monetary MetalsWe will start this off with a pet peeve. Too often, one is reading something about gold. It starts off well enough, discussing problems with the dollar or the bond market or a real estate bubble... and them bam! Buy gold because the dollar is gonna be worthless! That number again is 1-800-BUY-GOLD or we have another 1-800-GOT-GOLD in case the lines on the first n...Read More

With things shaping up so well for gold, we can certainly take any short-term correction in our stride, and more than that, we can seize upon it as an opportunity to build positions further across the sector, whether by means of ETFs, stocks or options, and of course, gold itself.Several factors suggest that a modest short-term correction is likely before the major breakout occurs. Gold is overb...Read More

By: Avi GilburtThe last three years have been extremely difficult for metals enthusiast. If you speak with them, you would assume that gold has been going down for the last three years. Well, at least that is the impression you would get based upon their "sentiment."But, in fact, all gold has been doing for the last three years is move sideways. In other words, it has been consolidating....Read More

China is importing steel slab from Iran and Brazil to get around production limits placed on blast furnace operations in the country, industry sources told Fastmarkets MB in the past week.Iranian slab had recently been sold to China at 3,200 yuan ($462) per tonne, including 13% value-added tax (VAT), market sources said. This is equivalent to $408.73 per tonne cfr on an import parity basis.More th...Read More

China's rebar prices tumbled on Monday June 17 after the billet market plunged over the weekend.Domestic Eastern China (Shanghai): 3,820-3,850 yuan ($552-556) per tonne, down 50 yuan per tonneNorthern China (Beijing): 3,680-3,730 yuan per tonne, down 100 yuan per tonneRe-rollers stopped production in Tangshan's Fengrun district as instructed by local authorities in an effort to stem emissions, res...Read More

"I think they're going to cut more than once this year and start in June."James "Jim" Grant is an American writer and publisher and the founder of Grant's Interest Rate Observer, a twice-monthly journal of the financial markets. He is the author , most recently, of The Forgotten Depression: 1921: The Crash That Cured Itself. Grant's television appearances include "60 Minutes," "The Charlie Rose Sh...Read More

Ecommerce and the globalization of retail have already crushed old distribution channels, middlemen, local retailers, and large retailers. Even the biggest of the biggies, such as Walmart, are now scrambling to get on top of it, or they too will be counted among those, like Sears, that couldn't and were obviated by events.Wolf Richter is the founder of Wolf Street Corp and the publisher of WolfStr...Read More

Part 1 (part 2 below)The Federal Reserve isn't focused on what happens when interest rates normalize... but they should be.Part 2I'm not trying to be a Trump cynic... but the problem is that the financial crisis is so big, so all consuming, that's its way beyond any control he might have to change it.David Stockman is a former Republican congressman from Michigan and was President Reagan's budget...Read More

"At a moment of historic volatility in American politics, these four women decide to fight back, setting themselves on a journey that will change their lives and their country Continue...Read More

Last week, the House of Representatives voted in favor of a Labor, Health and Human Services, and Education appropriations bill amendment to repeal the prohibition on the use of federal funds to create a "unique patient identifier." Unless this prohibition, which I originally sponsored in 1998, is reinstated, the federal government will have the authority to assign every American a medical ID. Thi...Read More

Danielle DiMartino Booth spent nine years as an advisor to Richard W. Fisher at the Federal Reserve Bank of Dallas. Danielle left the Fed in 2015 to found Money Strong, LLC, an economic consulting firm and launched a weekly economic newsletter She is the author of Fed Up: An Insider's Take on Why the Federal Reserve is Bad for America. DiMartino Booth began her career in New York at Donaldson, Luf...Read More

Hard to believe that it's been a decade since the financial crisis. While we've learned some lessons, it's clear we haven't learned the important ones that we need to avoid the next crash. While banks are not making reckless liar loans but the lending standards have clearly been relaxed. The secondary markets are still functioning the same way they did before the crash. And let's not forget about...Read More