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 continued to book deep-sea scrap cargoes for February shipment at increasing prices, which are being driven up by improving steel and billet values, sources said on Wednesday December 9.A steel mill in the Marmara region booked a European cargo, comprising 15,000 tonnes of HMS 1&2 (75:25) and 15,000 tonnes of a mixture of bonus, busheling and plate & structural (P&S) at an...Read More
Steel billet exporters from the Commonwealth of Independent States (CIS) have continued to increase their offer prices, despite trading being limited by the difference between mills' offers and buyers' bids, sources told Fastmarkets on Wednesday December 9.Offers of steel billet for February shipment from some Russian and Ukrainian mills were heard within the range of $530-540 per tonne fob on Wed...Read More
Iran's export prices for steel billet and slab continued their uptrends in the week to Wednesday December 9, boosted by global price rises for steel products and raw material costs. Both prices have hit their highest point since July 2018, having risen sharply in recent weeks. Fastmarkets' weekly price assessment for steel billet, export, fob ports Iran was $490-500 per tonne on December 9, r...Read More
China's domestic rebar prices dropped slightly on Wednesday December 9, with some sellers needing to destock ahead of the decline in end user demand during the winter season. DomesticEastern China (Shanghai): 4,020 -4,050 yuan ($616-620) per tonne, narrowed down by 10 yuan per tonneSome traders cut their prices by 10 yuan per tonne to attract buyers because of their pessimistic outlook on dem...Read More
Michael Oliver shares his latest insights on gold and other key markets.J. Michael Oliver entered the financial services industry in 1975 on the Futures side, joining E.F. Hutton's International Commodity Division, headquartered in New York City's Battery Park. He studied under David Johnston, head of Hutton's Commodity Division and Chairman of the COMEX. In the 1980s Mike began to develop his own...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
Stock indexes and gold mining stocks hit 52-week highs.Fed can't stop the dollar from falling or gold from rising.Bitcoin isn't gold 2.0, it's fools gold 2.0.Peter Schiff is an internationally recognized economist specializing in the foreign equity, currency and gold markets. Mr. Schiff made his name as President and Chief Global Strategist of Euro Pacific Capital. He frequently delivers lectures...Read More
"Oddly a lot of these protests disappeared one week before the election. Makes you wonder what is going on behind the surface" Gundlach said to what would have been audibleContinue...Read More
"The general philosophy in this country is states manage public health, so the concept that federally we are going to be tracking identified information is concerning," Continue...Read More
I do not believe that COVID is natural. There is way too much evidence that hints at this being orchestrated. I know some have tried to claim it is not real. Nevertheless, it is a REAL VIRUS. What is not known is why it impacts some severely and others no worse than the flu. The dangerContinue...Read More
Just as with the financial markets, the government has no alternative but to "do something." They will-they have to-print more money to keep the rotten house of cards from collapsing on itself.Continue...Read More
"Two people with a history of significant allergic reactions responded adversely yesterday." "The MHRA have advised on a precautionary basis that people with a significant history of allergic reactions do not receive this Continue...Read More
One Pfizer participant said that after the second shot, he woke up with chills, shaking violent which caused him to crack a tooth. "ItContinue...Read More
0:00 - Gold's bear case6:01 - Pivot for monetary and fiscal policies10:32 - Industrial metals vs gold12:12 - Vaccine impact on gold14:04 - Commodity supercycle18:05 - How long can gold go?Even though a bear case for gold is unlikely to happen, investors should not be sailing with their eyes closed and ignore the possibility of a pivot in fiscal and monetary policies, which would drag gold prices d...Read More
It is clear that this multi-front cold war and its accompanying propaganda campaign is only going to get crazier and crazier. Be a voice beckoning the world to sanity.Continue...Read More
Hollow steel sections prices moved higher in Europe this week due to continued rises in feedstock costs and tight supply of material, sources told Fastmarkets on Wednesday December 9.Fastmarkets' price assessment for steel sections (medium), domestic, delivered Northern Europe was ?,?700-720 ($847-872) per tonne on Wednesday, up from ?,?680-700 per tonne a week earlier.The availability of hot-roll...Read More
Defense Metals Corp. reported it has appointed Jamie Spratt as a strategic advisor to the company. In a news release, Defense Metals Corp. (DEFN:TSX.V; DFMTF:OTCQB; 35D:FSE) reported that it has appointed Jamie Spratt as a Strategic Advisor to the company.Defense Metals stated that Spratt founded a mining focused corporate finance and advisory business called Walmsley Capital Inc. where he is cur...Read More
In 2018, before the trade war betweenthe US and China put the boots to copper demand, and covid-19 mine closures/abandoned expansion plans crimped supply, we made a bold prediction: thatcopper supply is NOT going to be able to keep up with demand in the long-term.Here’s what we wrote, in Thecoming copper crunch: Even with expansions at existingmines and the ramp-up of the relatively few new...Read More
Watching Gold fall to recent lows over the past few weeks has been heartbreaking for Goldbugs. We know the real value of Precious Metals has continued to be under-appreciated over the past 24+ months – even though Gold has rallied from $1165 to over $2085 (an incredible 79%). The recent 15% decline in Gold has shaken some investors away from the longer-term opportunities, so we w...Read More
Here are five Fastmarkets stories you might have missed on Wednesday December 9 that are worth another look.Domestic prices for hot-rolled coil increased substantially across Europe in the week to December 9 due to a materials shortage in the market combined with good demand from distributors, sources told Fastmarkets.Alcoa...Read More