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
"I love properly put-on tariffs, because they bring unfair competitors from foreign countries to do whatever you want them to do."Continue...Read More
Inflation could run above the Federal Reserve's 2% target by as early as April, said Joe Foster, portfolio manager of the VanEck International Investors Gold Fund, and a highly inflationary environment will be the main catalyst behind gold price breaching its previous all-time highs to reach above $3,000 an ounce. Read More
Troilus Gold reported it intersected 1.95 g/t gold equivalent over 20 meters including 2.73 g/t gold equivalent over 9 meters at the recently discovered Southwest Zone at its Troilus Gold project. In a news release, Troilus Gold Corp. (TLG:TSX; CHXMF:OTCQB) reported initial results from the company's 2020 autumn/winter drill program at its wholly owned Troilus Gold property. The property covers 1...Read More
Group Ten Metals adds the Stillwater East project to its Montana properties. In a news release, Group Ten Metals Inc. (PGE:TSX.V; PGEZF:OTCQB; 5D32:FSE) announced it acquired the Stillwater East project in Montana, significantly expanding its land position in the district. Stillwater East, a platinum group elements-nickel-copper-cobalt-gold project sits 8 kilometers to the east and along strike o...Read More
Prices for steel hollow sections in Europe have moved upward on continued pressure from the price and availability of feedstock materials, sources told Fastmarkets on Wednesday January 13.Fastmarkets' price assessment for steel sections (medium), domestic, delivered Northern Europe, was ?,?820-850 ($998-1,034) per tonne on Wednesday, up from ?,?800-820 per tonne one week before.Producers have stru...Read More
Turkish steel pipe export prices have continued to increase on rising raw material costs, sources said on Wednesday January 13.Fastmarkets' monthly price assessment for steel structural pipe, export, S235JR grade, EN10219, 2mm wall thickness, fob main port Turkey, was $820-830 per tonne on Wednesday, up from $730 per tonne on December 9.The Turkish pipemills were offering the material at $820-830...Read More
Below is our long term goldforecast, it continues to be bullish on a monthly basis, despite the turbulenceof 2020 gold has performed well and a pause for a few months is entirelyreasonable given the speed of its initial acceleration. As you can see from our monthlychart, gold is clearly at significant levels - hovering around the 2011 highs, theunderlying structure of the market is still very posi...Read More
In this first trading week of 2021, a new investment theme appears to be emerging. That theme can be summed up in a single word – reflation.A resurgence of inflation is being priced into asset classes across the board. Stocks are rallying to new records. Shares of Tesla and alternative energy companies are going to the moon. Marijuana stocks are suddenly back in vogue. Bitcoin is going bonke...Read More
Here are five Fastmarkets stories you might have missed on Wednesday January 13 that are worth another look.Overseas buyers are opting to purchase Chinese cold-rolled coil and hot-dipped galvanized coil from smaller mills in China amid major exporters' high offers, sources told Fastmarkets in the past week.Canada-based miner Cornish Metals intends to float...Read More
A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday January 13.Please click...Read More
Tin premiums in the United States continued their pronounced rise in the week to Tuesday January 12, with shortages of material in the region driving continued panic-buying, while the metal's soaring price and tight spreads on the London Metal Exchange limited the spot-market opportunities in Europe.Panic buying sees US market strengthenEuropean demand hits plateau despite short supplyLME price br...Read More
Copper premiums have remained high in Asia but the physical markets in Europe and the United States were sluggish in light of futures prices breaking fresh highs late last week.Southeast Asia premiums remain global high pointShanghai EQ moves back to premium from discountsUS market foresees more active 2020.Shanghai copper premium at four-month highFastmarkets' copper grade A cathode premium, cif...Read More
Here are five Fastmarkets stories you might have missed on Wednesday January 13 that are worth another look.Overseas buyers are opting to purchase Chinese cold-rolled coil and hot-dipped galvanized coil from smaller mills in China amid major exporters' high offers, sources told Fastmarkets in the past week.Canada-based miner Cornish Metals intends to float...Read More
The global zinc concentrates market is volatile and unpredictable at the best of times, but a global pandemic ramped up the turbulence by several notches in 2020.Spot zinc treatment charges (TCs) fell by more than 72% last year, the slide beginning after the Covid-19 pandemic forced major mines into government-mandated lockdowns.The nosedive in spot TCs - which are discounts to the exchange price...Read More
The three-month lead price made the biggest gains among the London Metal Exchange base metals complex on January 13, while the copper price closed above $8,000 per tonne, aided by a stable dollar index and the prospect of a new, trillion-dollar stimulus package in the United States. The lead price closed 1.5% higher on Wednesday at $2,051 per tonne at 5pm from Tuesday's closing price of $2,021 per...Read More
Seaborne coking coal prices in the fob market were higher across the board on Wednesday January 13 following a transaction sealed at a higher price. Fastmarkets indices Premium hard coking coal, fob DBCT: $114.38 per tonne, up $10.39 per tonne Premium hard coking coal, cfr Jingtang: $208.95 per tonne, up $0.76 per tonne Hard coking coal, fob DBCT: $102.29 per tonne, up $7.98 per tonne Hard coking....Read More
The seaborne iron ore lump premium rose on Wednesday January 13, supported by firm demand and limited supply, sources told Fastmarkets. Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $170.11 per tonne, down $2.56 per tonne 62% Fe low-alumina fines, cfr Qingdao: $170.90 per tonne, down $2.10 per tonne 58% Fe fines high-grade premium, cfr Qingdao: $156.92 per tonne, down $0.78 per tonne 65%...Read More
Sales for the first two weeks in January accounts for 7% of the average monthly global silver mine supply. That's a lot of silver demand, considering the... by Steve St Angelo of SRSrocco ReportWith the continued disintegration of the economic and financial system in 2021, investment demand for physical precious metals continues to be strong. After the U.S. Mint posted a stunning 2.7 million Si...Read More
Technical analysis shows targets of $31.30 and $37...by Chris Vermeulen of The Technical TradersChris Vermeulen, founder of Technical Traders Ltd. joins Patrick Vierra on Silver Bullion TV's Metal Money show to discuss the price charts of Silver and Gold for 2021. Chris's application of Fibonacci extensions and technical analysis shows a first upside target for Silver of $31.30 with the 2nd target...Read More
An overview of the consumer electronics markets and their latest price moves.Ewa Manthey, Dalila Ouerghi and...Read More