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
The latest forecasts from Fastmarkets' team of analysts is ready to view.While much commentary has been written about Asian economies performing far better than those elsewhere this year during the global Covid-19 pandemic, it is stainless steel markets in Europe and the United States that are ending the year in better shape than their Asian counterparts.We do not talk of demand levels or demand g...Read More
David Moadel is a trader and investor of stocks and options. A former elementary school teacher, David has a master's degree in education and a unique ability to convey knowledge in the area of finance. He has coached many people and likes to combine fundamental and technical analysis to help people find their own trading style.Read More
Prices for hollow steel sections in Europe moved up again during the past week with feedstock costs continuing to rise on a lack of supply, sources told Fastmarkets on Wednesday December 2.Fastmarkets' price assessment for steel sections (medium), domestic, delivered Northern Europe, was ?,?680-700 ($816-840) per tonne on Wednesday, up from ?,?660-680 per tonne one week before.The availability of...Read More
With the initial three drill holes, First Vanadium gets an idea of the dimensions of the system at its Carlin project. First Vanadium Corp. (FVAN:TSX.V; FVANF:OTCQX; 1PY:FSE) explained in a news release the significance of the results of holes RC20-02 and RC20-03, recently drilled at its Carlin property in Nevada's Carlin Trend. The company previously reported results of hole RC20-01.Holes RC20-0...Read More
Newrange Gold reported it discovered a new gold zone at its Pamlico Gold Project indicating porphyry-related mineralization. Newrange Gold PamlicoNewrange Gold Corp. (NRG:TSX.V; NRGOF:OTC) announced in a news release that "it has discovered a new zone of gold mineralization at its Pamlico Gold Project in Nevada."The company stated that hole P20-091 was drilled about 1,300 meters north-northeast o...Read More
Granite Creek Copper provided an update on its fall drill program and discussed potential resource expansion after closing an acquisition and combining projects. In a news release, Vancouver-based Granite Creek Copper Ltd. (GCX:TSX.V; GCXXF:OTC) provided an update on the status of the company's autumn drill program. The company noted that it recently combined the Carmacks and Stu projects. The fi...Read More
Here are five Fastmarkets stories you might have missed on Wednesday December 2 that are worth another look.Liberty Steel Group's move to acquire the steel unit of German industrial conglomerate Thyssenkrupp has moved to the due diligence phase, the UK-based steel company told Fastmarkets on December 2.The...Read More
All Turkish flat steel prices increased in November 2020 with demand being strong throughout the month because of low stock levels, Fastmarkets heard on Wednesday December 2.Turkish flat steel producers are now fully booked until late March, with trading sources reporting that the market was strong during November because of a global shortage in some flat steel products and strong demand in Asia,...Read More
It’s crunch time for gold and the U.S.Dollar Index (USDX), as they find themselves at a crossroads. As of Wednesday,the USDX is holding its lows but wants to move up, thus invalidating itsbreakdown. And gold? Well, gold did gain a bit today, but it’s essentiallyjumping up in an elevator that’s moving down – it just doesn’t have enoughsteam to break out.While it’...Read More
Liberty Steel Group's move to acquire the steel unit of German industrial conglomerate Thyssenkrupp has moved to the due diligence phase, the UK-based steel company told Fastmarkets on Wednesday, December 2. "Thyssenkrupp and Liberty Steel Group have agreed to enter a further process phase. Liberty Steel will shortly begin detailed due diligence and thus gain insight into key business data [o...Read More
Here are five Fastmarkets stories you might have missed on Wednesday December 2 that are worth another look.Liberty Steel Group's move to acquire the steel unit of German industrial conglomerate Thyssenkrupp has moved to the due diligence phase, the UK-based steel company told Fastmarkets on December 2.The...Read More
Premiums for zinc and lead in the United States and Europe were static in the week to Tuesday December 1, with limited container availability and elevated freight costs weighing on market sentiment, while those looking to secure next year's contractual tonnage in Europe reported better-than-expected demand conditions. Freight hike caps US business amid quiet zinc marketStrong battery demand suppor...Read More
Hot-rolled coil prices in the United States have held above $40 per hundredweight ($800 per short ton) while the availability of spot tons remains limited, according to sources.Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $40.50 per cwt ($810 per ton) on Wednesday December 2, little-changed from $40.44 per cwt on Tuesday December 1 and an increase of 3.85% from $39...Read More
All Turkish flat steel prices increased in November 2020 with demand being strong throughout the month because of low stock levels, Fastmarkets heard on Wednesday December 2.Turkish flat steel producers are now fully booked until late March, with trading sources reporting that the market was strong during November because of a global shortage in some flat steel products and strong demand in Asia,...Read More
Here are five Fastmarkets stories you might have missed on Wednesday December 2 that are worth another look.Liberty Steel Group's move to acquire the steel unit of German industrial conglomerate Thyssenkrupp has moved to the due diligence phase, the UK-based steel company told Fastmarkets on December 2.The...Read More
The London Metal Exchange nickel price fell by 1.7% at the 5pm close on Wednesday December 2, leading a broad-based dip in the complex, although prices remain around recent highs supported by a lower dollar index. The three-month nickel price closed at $16,000 per tonne on Wednesday, compared with Tuesday's 5pm closing price of $16,278 per tonne. The lowest price for the stainless steel additive...Read More
Treatment charges (TCs) paid for zinc concentrates fell to a 27-month low in November, continuing their downtrend while the market reacted to news that production would be stopped at Vedanta's Gamsberg mine in South Africa.A collapsed pit at the Gamsberg mine on November 17 buried 10 miners, with at least one confirmed fatality. The mine, which produces around 250,000 tonnes per year of zinc in co...Read More
Iron ore prices surged on Wednesday December 2, supported by concerns over supply shortages in the first quarter of 2021, and some futures prices on the Dalian Commodity Exchange (DCE) closed at seven-year highs, sources told Fastmarkets. Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $136.29 per tonne, up $4.16 per tonne62% Fe low-alumina fines, cfr Qingdao: $135.80 per tonne, up $3...Read More
A shortage of big silver bars? The thousand-ouncers?by Keith Weiner of Monetary-MetalsWe are hearing rumors this week of a shortage of the big silver bars, the thousand-ouncers.No, we don't refer to bullion banks saying this. Nor big dealers, who are happy to sell us as many of these as we can buy. Nor our peeps in high places (we don't claim to have any such peeps).We refer to the usual suspect...Read More
https://media.blubrry.com/silverdoctors/p/content.blubrry.com/silverdoctors/VermeulenDec2020-SD-Audio.mp3Podcast: Play in new window | DownloadSubscribe: Apple Podcasts | Stitcher | Email | RSSFrom trading down to a 21-handle on Monday morning to surging 10% higher this afternoon, it looks like the bottom is in! Chris says the charts are signaling...Chris Vermeulen of The Technical Traders intervi...Read More