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
Cobalt sulfate prices in China softened in the first half of last week but a firm cobalt raw materials market helped to limit the downturn.Fastmarkets' assessment for cobalt sulfate, 20.5% Co basis, exw China, was at 53,500-54,500 yuan ($8,129-8,281) per tonne on Friday November 27, unchanged from two days earlier, when it fell by 500 yuan per tonne (0.9%) from 54,000-55,000 yuan per tonne on Nove...Read More
Hot-rolled coil prices in the United States climbed over $40 per hundredweight ($800 per short ton) for the first time since 2018 after more buyers chased fewer spot tons at the domestic mills. Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $40.44 per cwt ($808.80 per ton) on Tuesday December 1, up by 1.53% from $39.83 per cwt on Monday November 30 and an increase of...Read More
Domestic hot-rolled coil prices in Northern Europe went up day on day on Tuesday December 1, due to a shortage of material, sources told Fastmarkets.Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe at ?,?563.75 ($671.26) per tonne on Tuesday, up by ?,?2.60 per tonne from ?,?561.15 per tonne on November 30.The index was up by ?,?18.70 per tonne week o...Read More
Flat steel import prices in the United Arab Emirates (UAE) and Saudi Arabia have increased over the past week because of globally strong demand, although this was moderated in the UAE because of a holiday, sources said on November 30 and December 1.The UAE has a national holiday on December 1-3, so the number of working days were limited in the country this week.UAEOffer prices for hot-rolled coil...Read More
Brazilian steelmaker Gerdau has concluded its acquisition of Sider??rgica Latino-Americana (Silat), a long steel producer located in the northeastern state of Cear??, after gaining approval from anti-trust regulator Cade, the company said on Tuesday December 1.Silat has capacity for 600,000 tonnes per year of long steel products, mainly rebar and wire rod. Gerdau had first reached an agreement in...Read More
Steel billet and rebar prices in the United Arab Emirates increased over the week to November 30 while demand was strong, sources told Fastmarkets.Domestic rebarThe country's steel producers were offering rebar at 1,984-1,985 dirhams ($540) per tonne ex-works orders to be produced in December, but only few producers had allocation for December production.Deals were heard made at around 1,950...Read More
The export market for long steel products from the Commonwealth of Independent States increased again in the week to Monday November 30 supported by long lead times and a global steel market uptrend. Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), export, fob Black Sea, CIS was $540 per tonne on Monday, up from $490 per tonne fob a week earlier. Offers for Russia-origi...Read More
Here are five Fastmarkets stories you might have missed on Tuesday December 1 that are worth another look.The mining industry must apply the correct cultural mindset to its operating principles in order to avoid any repeat of tragic events such as the destruction of one of Australia's...Read More
When Mike Maloney talks about buying gold and silver, many people write in to ask whether he is buying coins or bars. Join Mike and Jeff Clark in today's video as they discuss the pros and cons of bars vs coins, and what they buy personally.Jeff Clark is editor and lead writer of BIG GOLD, the monthly gold-investment newsletter from Doug Casey's Casey Research. He is also the Senior Precious Metal...Read More
1. Markets are in rally mode again this morning. Yesterday, stocks stalled out as some money came off the table in the final trading session of November. But today it seems that money is flowing right back in. November was one of the best months that the market has ever had. Hard to explain why money flowed out yesterday and back in today. Markets have discounted the election for now. But Biden as...Read More
http://financialrepressionauthority.c...Andrew Sheng is a Hong Kong-based Malaysian Chinese banker, academic and commentator. He started his career as an accountant and is now a Distinguished Fellow of Fung Global Institute, a global think tank based in Hong Kong. He served as Chairman of the Hong Kong Securities and Futures Commission (SFC).Yra Harris is a trader with over 32 years of experience...Read More
Shae Russel interviews mining entrepreneur who is the chairman of Pan American Silver Corp and Equinox Gold Corp - with the experience of founding several successful mining companies as well as a clean energy company. He talks about his experiences in the sector from Ecuador to Russia and provides some useful investing lessons he's learned along the way. He tells us why he pursued investments in g...Read More
0:00 Introduction0:45 What is driving the general equities higher?4:10 How are you advising your clients to apportion their portfolios?5:35 Gold equities7:08 Educating clients regarding gold8:28 Gold price commentary10:01 Demand for precious metals compared to March-June 202012:40 Bitcoin versus gold16:34 Incorporating political analysis into one's investing approach20:23 Commodities that have you...Read More
Yale University's Stephen Roach believes the coronavirus surge is creating a difficult situation for the economy and dollar.Stephen S. Roach, former Chairman of Morgan Stanley Asia and the firm's chief economist, is a senior fellow at Yale University's Jackson Institute of Global Affairs and a senior lecturer at Yale's School of Management. He the author, most recently, of Unbalanced: The Codepend...Read More
Ferrous scrap prices in the main Mexican domestic markets increased in the week ended Friday November 27, with some companies applying increases in order to secure supply amid low availability and steady demand.Early last week, at least one company in the region near the northern city of Monterrey applied price increases, and afterwards some scrap sellers were able to achieve higher deals with oth...Read More
The globalists responsible for engineering a medical tyranny across much of the Western world have something valuable to teach Continue...Read More
I've been a Las Vegas oddsmaker and sports gaming expert for four decades- long before I became known as a nationally syndicated conservativeContinue...Read More
Gold rose 2% on Monday, with silver up 5.5% on the trading session. Peter Hug, global trading director of Kitco News, said that fundamentals line up with this rally.Equities also saw a bounce. Hug said that talks of a new round of fiscal stimulus is adding fuel to the risk-on sentiment while driving money to precious metals at the same time.The U.S. dollar weakened on the trading session. Peter Hu...Read More
I believe towards the middle of next year reality could creep back into markets. The vaccine will help shift spending habits to restaurants, hotels, and airlines. Continue...Read More
Can the election be a do-over? No, there is no time. The only solution is that the election should be ruled null and void by the Supreme Court and it should be thrown into the House of Representatives.Continue...Read More