Gold has big year in 2020 and outlook for this year robust. Learn about monetary expansion and gold future prices.Read More
The gold futures price reached US$1,767/ounce this week before retreating, which was the second time it has surpassed US$1,760 in the past two months, marking some of gold's highest levels in several years.Read More
Turkish steel mills completed the week with the purchase of an additional deep-sea scrap market cargo at higher prices, sources told Fastmarkets on Friday November 20.The mills stepped back into the market on the final day of the week to purchase a UK cargo comprising 35,000 tonnes of shredded at $340 per tonne, booked by a steel mill in the Iskenderun region.This compared with the most recent UK...Read More
The base metals were generally upbeat this morning, Friday November 20, supported by demand expectations and a weaker dollar. Metals unfazed by US Treasury Secretary Steven Mnuchin's call not to extend emergency lending programs to businessesEuropean Union still struggling to pass its ?,?1.18 billion ($1.40 billion) coronavirus rescue packageBase metals Three-month base metals prices on the London...Read More
Share this articleTHUNDER BAY - MetalCorp Limited (TSXV - MTC) has announced that it has entered into an earn-in agreement with Barrick Gold Inc. a wholly-owned subsidiary of Barrick Gold Corporation, relating to MetalCorp's Hemlo East gold property located about 350 kilometers east of Thunder Bay, Ontario. Barrick is currently operating the Williams and David Bell Gold Mines which are adjace...Read More
Share this article VANCOUVER - A New York-based fund manager holding 44.1 per cent of the shares of Vancouver-based Midas Gold Corp. says the junior miner should be redomiciled from Canada to the United States and all five of the independent directors on its eight-person board be replaced.Paulson & Co. Inc. says in a news release and letter to employees it has requested a special meeting of s...Read More
Hi, folks, my name is Sean McCloskey. I'm a new editor here at Energy and Capital and am very much looking forward to sharing my ideas and getting to know you over the coming months.Since this is your first time meeting me, allow me to tell you a little about myself.Years before I can remember anything, my great-grandmother, Bubba, passed away.I never met her, but Bubba impacted my life profoundly...Read More
An overview of the new energy raw materials markets and their latest price moves.Susan Zou and Sally Zhang in Shanghai, Carrie Shi in Beijing, and...Read More
Flat steel prices in Turkey continued to rise sharply in the week to Friday November 20, due to strong demand in the domestic and export markets because of low stock levels, sources told Fastmarkets.Domestic pricesFastmarkets' weekly price assessment for steel HRC, domestic, exw Turkey was $630-640 per tonne on November 20, rising from $575-585 per tonne on November 13.Turkish HRC producers w...Read More
Domestic Turkish prices for hot-dipped galvanized coil and color-coated coil (pre-painted galvanized iron or PPGI) continued to increase in the week to Friday November 20, with demand reported to be strong, sources told Fastmarkets.Coated coil prices increased because of strong demand as well rising prices for hot-rolled coil, the base product for coated coils.Fastmarkets' weekly price assessment...Read More
China's hot-rolled coil prices surged to a new two-year high on Friday November 20, despite thin trading, sources told Fastmarkets.DomesticEastern China (Shanghai): 4,140-4,160 yuan ($629-632) per tonne, up 10 yuan per tonneNorthern China (Tangshan) - weekly assessment: 3,990-4,010 yuan per tonne, up 90 yuan per tonneSeveral Shanghai-based traders said sellers there continued to off...Read More
The US Department of Commerce has issued affirmative preliminary anti-dumping determinations on steel reinforcing bar from Turkey, the agency said on Tuesday November 17. Commerce preliminarily determined that producers or exporters of rebar from Turkey subject to investigation made sales at less than normal value during the period of review from July 1, 2018 through June 30,...Read More
Indian domestic prices for secondary steel billet increased by 1,000 rupees ($13) per tonne in the week to Friday November 20, on a continued rise in the price of direct-reduced iron (DRI) and steady demand for semi-finished steel materials from finished product makers.The price of steel billet, domestic, exw India, was assessed by Fastmarkets on November 20 to be up by 1,000 rupees per tonne to 3...Read More
The domestic price for steel rebar in Poland inched higher this week on bullish offers from mills, reflecting the growth momentum in international scrap markets, sources told Fastmarkets on Friday November 20.Polish rebar producers were looking for higher prices this week, following the uptrend in the long steel markets in the EU and internationally, and with a rise in global scrap prices also sup...Read More
Steel scrap prices have continued to increase in all the major international markets over the past week, amid tightening supply and continued demand for steel, sources said on Friday November 20.Turkish steelmakers returned to the import market, booking cargoes at higher pricesUS East Coast sales slow down, but prices remain highDemand for Vietnamese steel billet drives up scrap pricesTaiwanese mi...Read More
Demand for imported pig iron was low in the United States during the week to Friday November 20 but a global uptrend has stimulated market growth.Fastmarkets' price assessment for pig iron, import, cfr Gulf of Mexico, US, was $392-395 per tonne on Friday, narrowing upward from $390-395 per tonne a week before.No new deals were reported in the spot market despite buyers'...Read More
Casey Research founder Doug Casey warns of America's deep division, contending that "two groups disagreeing on real fundamentals shouldn't be in the same political entity together." In part one of an in-depth interview with Daniela Cambone, Casey asserts that the country is "on the cusp of a civil war."Doug Casey is an American-born libertarian economist and advocate of the free market. He is a be...Read More
Harley Schlanger's work can be found at LaRouchePAC.com and The Schiller Institute.Read More
Once industrial demand picks up, more tailwinds for silver will push the metal closer to the $35 to $40 an ounce range next year, said Peter Hug, global trading director of Kitco Metals.Peter Hug has been involved in precious metals since 1974. He began gaining first-hand investment industry experience at Deak-Perera. He served as SVP at Guardian Trust Company, which became one of the largest inte...Read More
George Edward Gammon is an American real estate investor and entrepreneur. He produces and stars in a popular YouTube Channel. Prior to 2012, George started, owned, and operated multiple businesses ranging from conventions to advertising. The last growing to 24 million in annual revenues and over 100 employees. After 12 years as a successful entrepreneur, at the age of 38, George semi retired and...Read More
Egon von Greyerz and Matthew Piepenburg discuss the current and popular topic of an eventual "return to normal" once COVID conditions are eventually behind us, ideally upon the attainment of an effective vaccine/treatment protocol. The irony, of course, is that there was nothing at all "normal" about financial conditions and desperate monetary policies pre-COVID, and certainly nothing "normal" in...Read More
2020 has been a wild year in the silver market. And to find out how precious metals analyst Dave Kranzler thinks it's going to end, click to watch the video now!Dave Kranzler spent many years working in various Wall Street jobs. After business school, he primarily traded junk bonds for a large bank. Dave graduated from Oberlin College with majors in Economics and English and he also has an MBA fro...Read More