China's rebar prices were unchanged on Wednesday December 26 both in the domestic and the export market, aslower billet charges offset higher futures prices. Domestic Eastern China (Shanghai): 3,740-3,780 yuan ($543-548) per tonne, unchangedNorthern China (Beijing): 3,610-3,650 yuan per tonne, unchangedTangshan billet prices decreased 40 yuan per tonne to 3,350 yuan per tonne on weak dem...Read More
New Turkish flat steel producer Yildiz Iron and Steel started production of cold rolled coil (CRC) in early December, the company said last week.The mill has capacity for 1.5 million tonnes per year (tpy) of CRC at its facility in Kocaeli, close to Istanbul.Yildiz Iron & Steel...Read More
The latest bids, offers and deals in the global markets for rebar, wire rod, steel beams and other long steel products. Latest transactions: rebarRebar East China, domestic, grade...Read More
The latest bids, offers and deals in the global markets for steel billet, slab and bloom. Latest transaction: billetBillet China,...Read More
The latest bids, offers and deals in the global markets for iron ore, pig iron, direct-reduced iron and other steelmaking raw materials. Iron oreBeijing Iron Ore Trading Center (Corex), joint cargo, 50,000 tonnes of 61% Fe Jimblebar fines and 120,000...Read More
China's ferrous futures stayed rangebound in morning trading on Wednesday December 26 amid a lingering holiday atmosphere.Futures closing prices - morning session Shanghai Futures Exchange May rebar: 3,407 yuan ($494) per tonne, up 5 yuan per tonne May hot rolled coil: 3,366 yuan per tonne, unchanged Dalian Commodity Exchange May iron ore: 490 yuan per tonne, up 1 yuan per tonne May coking coal: 1...Read More
Comex copper prices recovered during mid-week trading, with shallow trading temporarily benefiting the base metals complex.The copper price for March settlement on the Comex division of the New York Mercantile Exchange rose 3.75 cents to $2.6985 per lb.Markets are expected...Read More
Ferro-chrome and chrome ore prices in China were unchanged in the week ended Friday December 21 amid low liquidity while market participants awaited January ferro-chrome tender prices from major Chinese stainless steel mills. Ferro-chrome, chrome ore prices in China unchangedJapanese, South Korean ferro-chrome prices stallHigh-carbon ferro-chrome prices decline in EuropeUS high-carbon ferro-chrome...Read More
As we've been saying, the stock market will have great influence on Gold. It has been easy to see in recent months.The S&P 500 has cracked, losing both its 200-day and 400-day moving averages. Gold and gold stocks have benefitted and gained in recent months even with a stable to rising U.S. Dollar.The past 65 years of history shows us that in almost any context (but not all) the time between t...Read More
In early December, I'd discussed bullish signs for gold heading into 2019. One of those was the hint at a potential pause in rate hikes for the United States Federal Reserve next year as well as for the Bank of Canada. The U.S. Fed moved forward on a December rate hike, but this only exacerbated the global stock market sell-off that has slid into its worst period since the financial crisis.Global...Read More
The last few years since the Fukushima nuclear disaster in Japan has been a grueling experience for uranium miner Cameco Corp. (TSX:CCO)(NYSE:CCJ). Weaker uranium prices and a poor outlook for nuclear power generation has weighed heavily on its performance. A recent uptick in the spot uranium price, which sees the radioactive metal up by 30% since the end of 2017, and an improving outlook have bo...Read More
Gold has rallied sharply in recent weeks to see the yellow metal trading at over US$1,275 per ounce, and there are signs that firmer prices are here to stay. Growing market volatility, rising geopolitical risk, and fears of an economic downturn going into 2019 have all helped to push the yellow metal higher. Not even a stronger U.S. dollar nor higher interest rates, which are typically bad for the...Read More
Investors are starting to warm up to the yellow metal again, and that is bringing new interest in the Canadian mining stocks.Let's take a look at the current situation to see if this might be a good time to put one of the beaten-down gold miners in your portfolio.Golden opportunityGold has moved steadily higher since hitting a 2018 low near US$1,170 in August. The $100-per-ounce advance takes it a...Read More
As we've been saying, the stock market will have great influence on Gold. It has been easy to see in recent months.The S&P 500 has cracked, losing both its 200-day and 400-day moving averages. Gold and gold stocks have benefitted and gained in recent months even with a stable to rising U.S. Dollar.The past 65 years of history shows us that in almost any context (but not all) the time between t...Read More
"Commentators keep asking why the Fed can't raise rates if the economy is so strong? They still don't realize that the economy was never strong. They confuse a bubble for strength. Without 0% rates and QE the bubble can't survive. But a return to those policies kills the dollar" - Peter Schiff on TwitterI made that same argument about the Fed funds rate, the dollar and why the Fed has to keep "nud...Read More
Investigating the Goodfish-Kirana Project near Kirkland Lake, Ontario. Source: Warrior Gold Inc.Warrior Gold Inc. [WAR-TSXV] shares were active Thursday December 27 after the company received positive results from the 3D induced polarisation survey on the recently acquired Deloye Patents located on the Goodfish-Kirana Project near Kirkland Lake, Ontario.The shares advanced on the news, rising 16.6...Read More
Drill core from REN drill programMGX Minerals Inc. [XMG-CSE, MGXMF-OTCQB, 1MG-FSE] on Thursday December 27 released an update for its REN niobium-tantalum-titanium-REE (rare earth element) mineral property which is located in the northern Monashee Mountains of southeastern British Columbia.The company said a 14-hole, 1,249-metre drill program was completed at REN covering an area of approximately...Read More
Panic.It's the worst thing about my job.The market cools off, valuations deflate, and my inbox gets overwhelmed with folks who are in full panic mode, wanting to know, "What do I do?"I don't mean to sound brash, but if you freak out every time stocks sell off, you should just stop investing right now. Otherwise, you're going to make yourself crazy, and you'll likely end up acting on emotion instea...Read More
Share this articleTORONTO - Canada's main stock index closed up sharply following a two-day holiday, while U.S. markets rebounded from a steep drop in early trading to end higher after strong gains a day earlier.The S&P/TSX composite index closed up 385.02 points, or 2.79 per cent, at 14,165.21 following the Christmas and Boxing Day holidays.In New York, the Dow Jones industrial average closed...Read More
CloseGain/LossGold $1274.90+$8.70Silver$15.23+$0.20XAU70.78+1.15%HUI161.27+0.91%GDM587.25+1.17%JSE Gold1367.40+7.81USD96.53-0.51Euro114.38+0.86Yen90.15+0.11Oil$44.61-$1.6110-Year2.777%+0.007T-Bond144.75UNCHDow23138.82+1.14%Nasdaq6579.49+0.38%S&P2488.83+0.86% The Metals: Gold gained $12.70 to $1278.90 in early afternoon New York trade before it edged back lower into the cl...Read More