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
Base metals prices on the Shanghai Futures Exchange were up across the board this morning, Thursday December 24, while those on the London Metal Exchange were mixed.Metals and broader markets seem to be settling down ahead of the Christmas and New Year holidays, with dips still being bought, suggesting markets are content to consolidate while many cross currents muddy the waters. Markets seems to...Read More
Obama made me rich.It's true.Thanks to him, the Department of Energy oversaw tens of billions of dollars in loan guarantees and grants for solar and wind power during his time in office.I took full advantage of that cash cow and made a fortune.Don't get me wrong, I don't even like the idea of a "Department of Energy," as these departments tend to be little more than bureaucratic rubber stamp facto...Read More
Key pricing data from the pricing sessions in Europe and Asia for the week ended December 24.China Most producers insisted on higher prices for battery grade lithium carbonate, citing a lack of material, and are targeting over 50,000 yuan ($7,658) per tonne for January 2021. China's industrial-grade lithium carbonate market reported offers of 43,000-46,000 yuan per tonne this week, but trading act...Read More
Slow port operations at Durban in South Africa and limited container space are helping to keep cobalt hydroxide payables underpinned at their highest in at least two years on Thursday December 24. Spot availability of cobalt intermediates is limited due to tight container space and reduced shipping schedules over the upcoming holiday period, in a market where availability outside long-term contrac...Read More
Spot cobalt metal prices in China rose on Wednesday December 23 following a sharp rally in local futures prices, while availability of spot cargoes has started to tightened after major producers held back from making offers due to a widening price gap between metal and sulfate.Fastmarkets' assessment for cobalt 99.8% Co min, ex-works China was 257,500-268,500 yuan ($39,370-41,052) per tonne on Wed...Read More
Hot-rolled coil prices in the United States continue at record highs, with tags at or above $50 per hundredweight ($1,000 per short ton) - a level last seen during the bull rush of 2008. Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $50 per cwt on Thursday December 24, roughly flat from $50.06 per cwt the day prior and 1.58% higher than $49.22 per cwt the previous w...Read More
Import prices for flat-rolled steel products in South America continued their nearly three-month uptrend as Chinese material was presented at higher levels for March 2021 and April 2021 shipments following ongoing domestic strength.Interest from buyers went quiet ahead of the year-end holidays, however, market participants said. Most clients were waiting to see if prices would correct down next mo...Read More
Hot-dipped galvanized coil prices continued to increase in Turkey's local market in the week to Thursday December 24, while demand was good because of low stock levels following a recent shortage of coated supply, when some producers had limited hot-rolled coil feedstock, sources told Fastmarkets.Domestic pricesFastmarkets' weekly price assessment for steel hot-dipped galvanized coil domestic, exw...Read More
Steel billet and rebar prices have increased again in Egypt in the week to Thursday December 24, with demand for rebar said to be moderate because of restocking, market sources told Fastmarkets.Locally produced billet was sufficient to meet demand from rebar producers, so buyers did not book any import billet.Demand for rebar and billet has been slow in the country since the imposition of a ban on...Read More
Turkish rebar and wire rod export prices have continued to increase in line with the stronger imported scrap values despite weakening demand in the week to Thursday December 24. Fastmarkets' weekly price assessment for steel reinforcing bar (rebar) export, fob main port Turkey was $640-650 per tonne on Thursday, up from the last week's $610-620 per tonne fob on actual weight basis. Mills in T...Read More
As part of our Outlook Series 2021, David Stockman of Contra Corner warns Daniela Cambone that the new year will not be any better than 2020. Pointing to an overvalued market and government that has been led astray, he predicts 2021 will be "the year after the joy ride with a massive accident waiting to happen." Stockman asserts that America is treading uncharted waters, and "the longer it takes t...Read More
For Part 1 of this interview, CLICK HEREAmerica is facing a generational crisis where younger people have no wealth built up and lack the financial literacy to do so, said Kevin O'Leary, star of Shark Tank and chairman of O'Shares ETFs. "In America today, there's 100 million people that have nothing set aside for retirement," O'Leary said. "That is a failure of financial literacy that started as f...Read More
Welcome to our 'Holiday Special' video with Mike Maloney and Jeff Clark. What does Mike think of the latest stimulus debacle? What will it mean for gold and silver investors? What does Mike hope to see happen next year?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 Metals Analyst at GoldSilve...Read More
Egypt's steel rebar consumption has been weakened this year and could have fallen to 3 million tonnes per year in recent years without government support from various mega projects, Ramy Saleh, chief business development officer at El Marakby Steel said during Fastmarkets' Middle East Iron & Steel virtual conference on Thursday December 17.Speaking on the Egypt panel, Saleh said Egypt's steel sect...Read More
Jim Willie is a statistical analyst in marketing research and retail forecasting. He holds a PhD in Statistics, and his career has stretched over 25 years. He aspires to thrive in the financial editor world, unencumbered by the limitations of economic credentials. Jim operates a free website called Golden Jackass.Read More
Time Stamp References:0:00 - Introduction0:46 - Martin's Background8:25 - A.I. Reporting10:20 - The Money Cycle15:16 - Europe & U.S. Dollar19:01 - Gold Peg Problems23:40 - Bond Bubbles28:50 - The Great Reset32:36 - Growing Civil Unrest35:06 - Gold vs. Government44:13 - Ongoing Risks & War50:02 - WrapupMartin Armstrong is a world renown economist and the creator of the Economic Confidence Model. He...Read More
MacroVoices Erik Townsend and Patrick Ceresna welcome Ronald Stoeferle and Grant Williams in this first half of Holiday Special series to talk about fiat currency debasement and inflation, commodities and different ways to hedge, crypto currencies and more.Grant Williams is the portfolio manager of the Vulpes Precious Metals Fund and strategy advisor to Vulpes Investment Management in Singapore. G...Read More
Fintwit superstar Brent Johnson and I sit down to talk about the current macro environment, what his thoughts are RIGHT NOW on the dollar milkshake theory (has he changed his view?), the Federal Reserve using swap lines as political weapons and much much more. This Episode is going to blow you away!!Brent Johnson is the CEO of Santiago Capital http://www.santiagocapital.com/.George Edward Gammon i...Read More
In this video interview, gold expert Shae Russell speaks with investing legend and founder of Global Resource Investments - as well as President and CEO of Sprott US Holdings Inc - Rick Rule. He touches on the decline in the gold price and whether investors should consider buying now. They also discuss the broader outlook for the commodities market, specifically looking at gold, copper, iron ore,...Read More
Andy Schectman, CEO of Miles Franklin Precious Metals, returns to Liberty and Finance to offer a 2020 year in review and 2021 Preview. Andy puts the crosshairs on a startling stealthy pattern that has emerged since 2017, and has reached a climactic new phenomenon in 2020 which sets the stage for an electrifying 2021 for gold & silver. Don't miss this riveting expose!In this Interview:-------------...Read More