Drilling operations at the Victory Metals Iron Point Vanadium Project near Winnemucca, Nevada. Source: Victory Metals Inc.Victory Metals Inc. [VMX-TSXV] said Thursday February 28 that it is pleased with results of a maiden drilling program at its Iron Point Vanadium Project near Winnemucca, Nevada.The company has released assays from the first eight reverse circulation holes that are the initial p...Read More

Chinese battery materials producers, who are the largest consumers of cobalt sulfate and cobalt tetroxide, have hesitated in purchasing any cobalt salts this week amid rapid falling international cobalt metal prices.The resulting thin buying appetites have forced suppliers to lower their spot offer prices to facilitate sales. Fastmarkets assessed the Chinese cobalt sulfate, basis 20.5% Co market p...Read More

Gold prices on Wednesday finished lower for a third consecutive session, giving up its month-to-date gain, even as uncertainty hung over financial markets, putting pressure on stocks. "Gold has lost a bit of its allure over the last week, which may be indicative of a trade that's become a little overcrowded and prone for correction," said Craig Erlam, senior market analyst at Oanda, in a daily not...Read More

China's hot-rolled coil exporters kept their prices steady on Thursday February 28 although trading has been thinner this week, amid slight movements in the domestic market.DomesticEastern China (Shanghai): 3,810-3,840 yuan ($570-574) per tonne, up 10 yuan per tonneNorthern China (Tianjin): 3,740-3,760 yuan per tonne, widening downward by 10 yuan per tonneIn Shanghai, HRC was sold around 3,810-3,8...Read More

We decided to share a joint on our way to a meeting with a group of some very wealthy investors.It was me, a lawyer friend of mine, and a representative from a cannabis company that's gearing up for a huge windfall once the state of New York legalizes the recreational use of cannabis.On our walk, we passed by a number of police officers who didn't even bat an eye. But this doesn't mean all of law...Read More

Rebar and wire rod prices in Turkey's domestic markets have continued to weaken because of sluggish demand, especially from the construction sector, sources said on Thursday February 28.Fastmarkets' weekly price assessment for domestic rebar in Turkey was TRY2,950-3,050 ($556-575) per tonne ex-works on Thursday, down from the TRY3,100-3,150 per tonne of last week.The domestic rebar price in the...Read More

Turkish long steel export prices have continued to slip over the past week due to limited demand, sources said on Thursday February 28.Fastmarkets' weekly price assessment for rebar exports out of Turkey on Thursday was $470-480 per tonne fob on an actual weight basis, down from last week's $490-500 per tonne fob.The Turkish producers lowered their offers to...Read More

Steel billet import prices in Egypt have fallen again over the past seven days with demand remaining weak, sources told Fastmarkets on Thursday February 28.Fastmarkets' weekly price assessment for steel billet imported into Egypt was $465-470 per tonne cfr on Thursday, down from $480-490 per tonne cfr last week.Billet producers in the CIS region...Read More

Turkish deep-sea scrap prices showed a very slight decrease with the news of a fresh US cargo heard on Thursday February 28.A steel mill in the Izmir region booked a US cargo, comprising 10,000 tonnes of HMS 1&2 (80:20) at $313 per tonne, 10,000 tonnes of shredded at $318 per tonne...Read More

Physical iron ore prices rose on Thursday February 28 after being soft for a week, in line with gains in the futures and swaps markets.Fastmarkets MB 62% Fe Iron Ore Index: $85.29 per tonne cfr Qingdao, up by $1.75 per tonne.Fastmarkets MB 62% Fe Pilbara Blend Fines Index: $84.69 per tonne cfr Qingdao, up by $1.75 per tonne.Fastmarkets MB 62% Fe Iron Ore Index-Low Alumina: $86.97 per tonne cfr Qin...Read More

Turkish steel billet prices have gone down over the past week in line with the downturn in rebar and scrap values and the limited demand for material, sources said on Thursday February 28.Suppliers in the CIS region have lowered their offers into Turkey to $465-475 per tonne cfr, from last week's $470-475 per tonne levels.But customers in Turkey were not interested at those prices because more aff...Read More

Steel billet import prices in Egypt have fallen again over the past seven days with demand remaining weak, sources told Fastmarkets on Thursday February 28.Fastmarkets' weekly price assessment for steel billet imported into Egypt was $465-470 per tonne cfr on Thursday, down from $480-490 per tonne cfr last week.Billet producers in the CIS region...Read More

By: Daniel R. Amerman, CFA If there is a new recession in the next few years, then it is highly likely that the Federal Reserve will take extreme measures in response, with the primary response being to swiftly knock short term interest rates back down to zero percent.For many investors - the combination of recession, heavy-handed Fed interventions, and the return of zero percent interest rate...Read More

Chris Waltzek talks to Dr. Burton Malkiel, author of the investing classic, A Random Walk Down Wall Street Read More

By Avi GilburtThis is probably one of the biggest conundrums investors face in financial markets today. A major report may come out with a very positive bias, yet the market will move in the opposite direction. How many times have you seen this happen?Well, if you have any experience in the financial markets, then it has likely happened to you many times. But, most people simply shrug it off...Read More

By: IRA EPSTEINStock market having trouble. Gold starting to breakout to the downside. Gold = negative and in a downtrend, to negate this gold would need $1335.60:Read More

The live feed from Hanoi has been riveting. Trump and Kim appear to be getting along well. The President pats his counterpart on the back, the dictator smiles. They share a laugh as they walk through a garden. Kim's haircut looks oddly flattering. Everything seems to be going so nicely that one could almost forget that he has at times acted like a madman. As for Trump, he is his usual self, bu...Read More

Export prices for steel billet from Iran narrowed downward over the week ended Wednesday February 27 amid negative sentiment in the global billet market, after declines in the prices for scrap and iron ore raw materials.Iranian billet offers slipped to $400 per tonne fob in the last week of February, compared with the price of $410-420 per tonne fob sought by suppliers in previous weeks.A 40,000-t...Read More

Link to the Slides and Sources: https://www.itmtrading.com/blog/exit-...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

Jordan Roy-Byrne, Founder of The Daily Gold shares the levels we should be watching as metals investors if the pullback we have all been waiting for is here. As long as gold and stocks limit the downside the bullish argument remains.Jordan Roy-Byrne, CMT is a Chartered Market Technician and member of the Market Technicians Association.. He is the publisher and editor of TheDailyGold Premium, a pub...Read More