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 price of standard-grade cobalt has hit a fresh high, reaching numbers not seen in nearly two years after non-Chinese consumers stepped into the market in the week to Wednesday January 20, with enough strength to help a two-week price rally continue after buying interest from China dipped.Trading volumes were now at "normal" levels, according to one trader, after two weeks of furious activity w...Read More
We learned from Mike Lavigne, President and Director of Magellan Gold Corporation (OTCQB: MAGE), that they are looking to acquire properties in the Western United States, with historical high-grade gold production. These would be smaller in scale, near surface, bulk tonnage projects that don't attract the attention of the larger mining companies. The Company's initial focus is on the exploration a...Read More
The most critical factor in every trade my readers and I have ever made came down to one crucial thing.Timing.Timing can turn a good trade into a great one. It can even let you pocket hefty gains from a lackluster stock.No trader is successful without good timing.Unfortunately, learning how to time your trades isn't as easy as you might guess.Sometimes those opportunities are glaringly obvious. Do...Read More
Peloton Minerals Corporation (CSE: PMC) is a junior exploration company, focused on the three 100% owned Carlin Style gold projects, situated on the Carlin and Long Canyon Gold Trends in Elko County, Nevada, and one past producer gold project, in the historic Virginia City Mining District, Montana. We learned from Ted Ellwood, who is President, CEO and Director of Peloton Minerals, that since late...Read More
Lithium carbonate has been produced for the first time in Cornwall in southwest England, the Li4UK consortium said this week.Following an 18-month project, Li4UK confirmed that the purity of the lithium carbonate produced at Cornish Lithium's Trelavour project Cornwall is "near battery grade," the consortium said on Monday January 18."Li4UK (Securing a Domestic L...Read More
Key data from the Wednesday January 20 pricing session in Shanghai.Key drivers The price range for spot domestic Chinese cobalt metal widened downwards in the first half of this week, after local futures prices plunged on Monday. Spot demand was stable, with consumers continuing to restock ahead of...Read More
Hot-rolled coil prices in the United States dipped despite buyers still struggling to find spot tons at competitive prices. Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $56.08 per hundredweight ($1,121.60 per short ton) on Wednesday January 20, down by 1.37% from $56.86 per cwt the previous day but 3.12% higher than $54.38 per cwt a week ago. Inputs were collected...Read More
Activity in the European market for hot-rolled coil was slow over the week to Wednesday January 20 with buyers holding back from making deals, sources have told Fastmarkets.Buyers have been cautious about deals due to long lead times and high transaction prices, and risks related to an expected price decrease, market sources said."Buyers are cautious due to the very high prices reached," an Italia...Read More
Producers across Europe have continued to increase their domestic offer prices for heavy steel plate despite the slow recovery of demand, market sources told Fastmarkets on Wednesday January 20.Buying activity has started to recover since the year-end holidays across Europe. Market sources, however, questioned whether demand would become strong enough to support the price rise sought by producers....Read More
Crude steel output in Italy declined by 12.2% year-on-year in 2020, despite a double-digit increase in December, Italian steel association Federacciai said on Wednesday January 20.The country's total crude steel production amounted to 20.35 million tonnes in 2020, down from from about 23.19 million tonnes in 2019.Long steel output declined by 9.5%, to 11.16 million tonnes, down from 12.33 million...Read More
The domestic price for steel mesh-quality wire rod in Southern Europe was generally stable in a week to Wednesday, with buying activity reported to have slowed because of an unclear trend in the scrap market, sources told Fastmarkets on January 20....Read More
Prices for domestic steel mesh-quality wire rod in the north of Europe were largely flat in the week to Wednesday January 20, supported by tight availability, sources have told Fastmarkets.But market sentiment was unclear, they added, with buyers believing that prices have reached a ceiling.Fastmarkets' weekly price assessment for steel wire rod (mesh-quality), domestic, delivered Northern Europe,...Read More
Here are five Fastmarkets stories you might have missed on Wednesday January 20 that are worth another look.Brazil-based miner Vale said its sales have not been affected by a fire that impacted one of its piers at the Ponta do Madeira port...Read More
0:00:00 Welcome and context0:02:40 What is happening at the world at the moment?0:08:06 What are your thoughts on MMTs?0:10:45 What is the future for FIAT currencies?0:17:20 How do investors position their portfolios?0:20:51 What's your advice for people on diversification?0:26:34 How does the wealth discrepancy works it's way around?0:34:10 Do you think the whole world is moving towards Socialism...Read More
"One should only invest in what s/he knows about. Do not listen to hot tips, or me. Everybody wants hot tips. Those would bankrupt you, ruin you," the American investor and financial commentator said during an interaction with Shiv Sehgal, President and Co-Head of the Institutional Clients Group at Edelweiss Global Investment Advisors, at the ETMarkets Global Summit 2021.Jim Rogers co-founded the...Read More
We are living in a financial war of the worlds, this according to best-selling author and former Goldman Sachs Managing Director Nomi Prins. In this interview with our Daniela Cambone, Prins explains that the Federal Reserve has been overstepping its boundaries since 2008. The question is, can it be tamed and how? The former banker also weighs in on the recent bitcoin clampdown from HSBC and other...Read More
The Dollar is in trouble. Recently there's been a fundamental shift in monetary policy that's bringing into question the U.S. dollar's strength against other currencies. And a concerning split in the global economy is increasing the odds that China may dethrone the U.S. dollar. The founder of http://IndependentSpeculator.com Lobo Tiggre has a history of going where others dare not tread. Lobo join...Read More
Michael Oliver provides his latest views on the most significant markets, including gold and platinum.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...Read More
Alasdair Macleod explains what the impact of an impending currency collapse disaster will have on our lives and what that will mean to the masses.Alasdair Macleod is head of research for GoldMoney. He also runs FinanceAndEconomics.org, a website dedicated to sound money and demystifying finance and economics. He has a background as a stockbroker, banker and economist. Read More
1. Markets are in rally mode this morning as we get ready for the inauguration of Joe biden. It will be interesting to see how long the markets will embrace the incoming president. He is expected to eventually raise taxes both corporate and personal, reintroduce regulations, and spend another $1.9 trillion. This is why we use charts and not our opinion. At this time, the trend is up and until that...Read More