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
Adam HamiltonArchivesDec 18, 2020 The gold miners' stocks are rallying on balance again, following their recent multi-month correction. For several weeks now they've been carving both higher lows and highs, which sure appears to be forming a nascent uptrend. That increases the odds a new bull-market upleg is getting underway in this high-flying sector. While still dependent on gold's fortunes, ple...Read More
Turkish deep-sea scrap import prices continued to increase on Friday December 18, with two fresh shipments coming to light from the previous day, sources told Fastmarkets.Late on Thursday December 17, a steel producer in the northern Turkey booked a Baltic Sea cargo, comprising 13,500 tonnes of HMS 1&2 (80:20) at $450 per tonne, 14,000 tonnes of shredded at $460 per tonne, 3,000 tonnes of bonus al...Read More
Base metals prices on the London Metal Exchange were higher across the board on the morning of Friday December 18, with copper trading above $8,000 per tonne earlier for the first time since 2013. Infrastructure spending pledges, hopes for more stimulus, falling or low stocks and low Capex levels across the industry for several years all make for a bullish long-term backdrop for the...Read More
An overview of the new energy raw materials markets and their latest price moves.Susan Zou, Sybil Pan, and Sally...Read More
The Chinese domestic battery-grade lithium carbonate price continued its bullish run in the week to Thursday December 17 after most producers insisted on higher sale prices and buyers reported difficulty acquiring material below the new range.China's battery-grade lithium carbonate price rose again on continued material shortage and higher offers from producers. China's industrial-grade lithium ca...Read More
Hot-rolled coil prices in the United States have climbed above $49.50 per hundredweight ($990 per short ton), while buyers have voiced concerns that the rapid run-up in prices may mean a potential inventory devaluation in the future. Fastmarkets' daily steel hot-rolled coil index, fob mill US rose to $49.56 per cwt ($991.20 per ton) on Friday December 18, up by 0.69% from $49.22 per cwt on Thursda...Read More
New rounds of price increases during the week ended Friday December 18 fueled the uptrend in South America's flat steel import market that has been seen throughout the fourth quarter, market participants told Fastmarkets.Chinese mills were no longer offering cargoes to the region for February shipment, and some had even denied orders for March and were awaiting the new year to offer cargo for Apri...Read More
Coated coil prices hit at least $1,000 per tonne ex-works in the Turkish domestic and export markets in the week to Friday December 18 while supply remained limited, sources told Fastmarkets.Some coated coil producers sold a limited quantity of product during the week before closing their orderbooks.The reason for the limited supply is low stock of hot-rolled coil, the base product for coated coil...Read More
Granada Gold Mine Inc. (TSXV GGM) continues to develop the Granada Gold Property, located near Rouyn-Noranda, Quebec, the premier exploration and development project, on the prolific Cadillac Trend, in Quebec's Abitibi region. We learned from Frank J. Basa, President, CEO, and Chairman of Granada Gold Mine that in 2020 they have been re-drilling the Granada Gold Property, to develop it as a high-g...Read More
When deep space exploration ramps up, it will be corporations that name everything. The IBM Stellar Sphere. The Philip Morris Galaxy. Planet Starbucks.- Jack from Fight ClubMoneymaking insights can be found in the strangest places.And while I doubt a "Phillips Morris Galaxy" will ever come to fruition, maybe there could be a Planet SpaceX one day.Folks will say we used to call it Mars... I can jus...Read More
Crude steel output in Germany increased by 14.8% year on year in November, marking the second consecutive month of growth, German steel federation WV Stahl said on Friday December 18. In November, German crude steel production totaled 3.38 million tonnes, up from 2.94 million tonnes in the corresponding period of 2019. But this growth was against a weak comparison basis last year, WV Stahl said. O...Read More
Domestic steel rebar prices in Poland continued to move up on daily basis in the week to Friday December 18 on limited availability, good buying and surging scrap costs, sources told Fastmarkets....Read More
Crude steel output in Italy moved up by 3.17% year on year in November 2020 despite a drop in flat steel production, Italian steel association Federacciai said on December 17.The country's crude steel production amounted to 2.05 million tonnes in November, up from 1.99 million tonnes in the corresponding month of 2019.Flat steel output, meanwhile, dropped by 7.43% year on year to 810,000 tonnes in...Read More
Steel scrap prices have risen again across all major consumer markets over the past week, driven by solid demand and constrained supplies.Turkish import scrap prices hit an eight-year high after new bookings confirmed Recent US export scrap sales shrouded in secrecy Vietnamese scrap prices buoyed by strong Japan market Taiwanese import market hits historical high India prices jump on difficult mar...Read More
Deals for Brazil-origin pig iron boosted the US import pig iron price by 6.8% in the week to Friday December 18. Fastmarkets' price for pig iron, import, cfr Gulf of Mexico, US to $495-520 per tonne on Friday, up from $470-480 per tonne a week earlier. Two deals on pig iron with February and March shipment were done at about $495-500 per tonne early this week. Another Brazil-origin...Read More
Turkish deep-sea scrap import prices continued to increase on Friday December 18, with two fresh shipments coming to light from the previous day, sources told Fastmarkets.Late on Thursday December 17, a steel producer in the northern Turkey booked a Baltic Sea cargo, comprising 13,500 tonnes of HMS 1&2 (80:20) at $450 per tonne, 14,000 tonnes of shredded at $460 per tonne, 3,000 tonnes of bonus al...Read More
Harry Dent is a Fortune 100 consultant, new venture investor, noted speaker, bestselling author, and the founder and senior editor at Dent Research, where he dedicates himself to identifying and studying demographic, technological, and geopolitical trends. He has a free daily newsletter at www.harrydent.com called "Survive and Prosper." Mr. Dent accurately predicted Japan's collapse in 1989, the d...Read More
Jim Bianco is President and Macro Strategist at Bianco Research, L.L.C. Since 1990 Jim's commentaries have offered a unique perspective on the global economy and financial markets. Unencumbered by the biases of traditional Wall Street research, Jim has built a decades long reputation for objective, incisive commentary that challenges consensus thinking. In nearly 20 years at Bianco Research, Jim's...Read More
I know, that's impossible and vaccines are the answer. Well, vaccines will probably work, but are months away for widespread distribution. We can actually shut down transmission in....... five days.Yes, that's the science.Karl Denninger is an American technology businessman, finance blogger, and political activist, sometimes referred to as a founding member of the Tea Party movement. His website i...Read More
Harley Schlanger's work can be found at LaRouchePAC.com and The Schiller Institute.Read More