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A bit early to call but with a $40 swing today that might be the intermediate cycle low...just need the dollar to roll over to confirm it

Wonder if the bottom if finally in. Cey looking strong bouncing off that 5 year support and ignoring the further decline in gold. Expecting gold to turn around this week as the dollar bounces off that triple top.....fingers crossed anyway

Russian companies delivered about 0.4 million tons of steel semi-finished products to China in April, 5 times more than in the entire previous year
Russian metallurgical companies in the second half of April 2022 exported to China about 400 thousand tons of steel semi-finished products for the production of flat products (slabs), the Fastmarkets pricing agency reported.

The sellers were Severstal, Evraz and NLMK.

0.4 million tons is almost five times more than in the whole of 2021, when Russia sold 83.98 thousand tons of slab to China (data from the Federal Customs Service).

Russian companies sold their semi-finished products to China at a significant discount to regional prices, Fastmarkets reports. The Russian slab was sold in this country in April at $670-700 per ton with delivery. The last deal in late April - early May was already made at $630 per ton, and new offers were at the level of $620 per ton.

Russian metallurgists dramatically increased sales of semi-finished products to China - RBC (rbc.ru)

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It didn't unfortunately just seen it hit 1799...I didn't think we'd see the 17's again....hopefully it will be brief

Cey doing amazingly well to say gold down to 1809

Like you deepdive I wish it was a little clearer on the debt issue...would it possibly fall under the obligations section

****ing bleeding heart and ego machine at the same time

Lol Kong...so your here because you were ridiculed and laughed at...you sound like the fat kid who was desperate to loose weight for the school reunion....give your ego a break and have a beer or watch the telly

It's all OK anyway...the further it goes the more feul it will add to the run that is coming...its the elastic band effect

Gold at 1820...looks like cey will break its 5 year low tomorrow. Tin hats on boys and girls, could be messy for a few days

I think sanctions will a bit more than a minor inconvenience

I agree Tibs...we will just have to hope that the new ceo will be the architect of the turnaround...he inherited a lot of **** so it will take time

Or I might be totally wrong and we're all doomed :D

I believe this is an intermediate cycle low...once gold breaks the rising trend line (which it is currently doing) I think we'll see a good move upwards. I also think the dollar is triple topping at 1.04 and will see a marginal break above and then will rollover

It makes perfect sense now :D

I've meant to ask what does GLASH mean, ive seen you sign off with it a few times...and I'm not that savvy on all the terms...I presume the first two are good luck

Tin hat on for the next few days Tibs...if it breaks that 87 support and gold keeps dropping it might be a mess for a few days...my mantra is very, very, very extended buying period...deep breath in, deep breath out

Jotom...do you believe that? I'd be surprised to ever see us on lse again (there is no motivation anymore) if we did...which I doubt I'd be very surprised to see it in the next 2 years....these sanctions aren't slapped on to be took off a month later. Even when our sanctions are lifted (if) I can't see sanctions on RA being lifted which is what got us our suspension in the first place

Debt isn't stated...paying employees and utilities is

I can still see a scenario where we are fine and sanctions are lifted but i dont believe we will stay on lse after all this. I can also see a fair few unpleasant scenarios so im not overly hopeful