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
Domestic rebar prices in Russia's Central Federal District around Moscow declined in the week to Monday February 1 due to slow end-user demand and falling exports, several sources told Fastmarkets....Read More
Here are five Fastmarkets stories you might have missed on Monday February 1 that are worth another look.Chinese nickel sulfate prices have made steady gains since the start of 2021, rising again last week to set the highest level since Fastmarkets began tracking the market in July 2018.More than 67,000 lots of the Singapore Exchange's 65% Fe iron ore swaps...Read More
As competition in the global steel markets remains fierce, Fastmarkets provides an update on the new, progressing and closed trade cases from around the world in January 2021.The case list below includes only updates. For other continuing cases from 2020, see the updates for December,...Read More
Iron ore prices fell on Monday February 1, sources told Fastmarkets, due to weak demand and limited trading liquidity, despite the potential impact of severe weather on supplies from Australia. Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $157.07 per tonne, down $1.47 per tonne62% Fe low-alumina fines, cfr Qingdao: $157.77 per tonne, down $1.28 per tonne58% Fe fines high-grade...Read More
Video discussed in the interview: https://www.themorganreport.com/blog/...David Morgan is a world-renown precious metals aficionado. He is the creator of the Silver-Investor.com website and The Morgan Report, a monthly report that covers economic news, overall financial health of the global economy, currency problems and the key reasons for investing in precious metals. A dynamic, much-in-demand s...Read More
Jeff Clark of GoldSilver.com joins our Daniela Cambone to talk about the red hot silver market. Clark explains that when re-openings pick up steam, consumer spending will rise. "The 7 billion people who are locked down will increase spending and push on CPI," which he says will in turn drive silver prices higher. Clark reveals three bold calls, including the doubling of the Consumer Price Index (C...Read More
The demand surge of silver has completely overwhelmed the supply, and orders are not able to be filled now, said David Morgan of TheMorganReport. David Morgan is a world-renown precious metals aficionado. He is the creator of the Silver-Investor.com website and The Morgan Report, a monthly report that covers economic news, overall financial health of the global economy, currency problems and the k...Read More
While many had given up show hope that the silver shorts could ever truly be pressured, the unthinkable has begun to happen. As the silver short squeeze that's been building since last Thursday has now officially exploded.It's going to be a wild trading day, and to find out what's going on, click to watch the video now!Read More
China's domestic price was stable on Monday February 1 due to a combination of dropping demand and high production costs, while the export price fell on market participants' concerns of a potential cut of the export rebate. Domestic Eastern China (Shanghai): 4,280-4,310 yuan ($663-667) per tonne, unchanged Rain in eastern China has dampened end-user demand for rebar used in the construction indust...Read More
Silver is rallying amid Reddit posts about a short squeeze. This parallels what happened to GameStop last week. President of Miles Franklin Andy Schectman says the fundamental reason to own precious metals is for wealth protection; precious metals should not be seen as a get rich quick scheme.Andy Schectman is the President and CEO of Miles Franklin Ltd. Precious Metals.Read More
Grant invites two accomplished shortsellers, Marc Cohodes and Bill Fleckenstein to discuss the wild gyrations in equity markets in recent days as a coordinated move by retail investors to attack 'shortsellers' and inflict pain upon Wall Street proves to be, in some ways at least, a roaring success.There are, however, nuances to this story which are perhaps not broadly understood and are in need of...Read More
Jim Bianco of the widely-read Bianco Research discusses what happened in recent weeks as retail investors take on large hedge funds shorting stocks like GameStop and others. Jim says that with lots of people unemployed empowered by modern technology, this trend is unlikely to end soon and what he expects to unfold in the coming weeks and months.Jim Bianco is President and Macro Strategist at Bianc...Read More
"So, if you have a physical covering with one layer, you put another layer on, it just makes common sense that it likely would be more effective and that's the reason why you see people either double masking or Continue...Read More
Blog: https://www.itmtrading.com/blog/silve...Lynette Zang has held the position of Chief Market Analyst at ITM Trading since 2002. Ms. Zang has been in the markets on some level since 1964. Her mission is to convert financial noise into understandable language. She has been a banker, a stock broker and studied world currencies since 1987. She believes strongly that we need to be as independent as...Read More
Mohamed El-Erian, economic advisor at Allianz and Gramercy and president at Queens College, Cambridge, on how the Reddit short squeeze could possibly end.Mohamed El-Erian is the Chief Economic Adviser of Allianz, a multinational financial services company. He is the former CEO and co-Chief Investment Officer of PIMCO, a global investment firm and one of the world's largest bond funds in the world....Read More
The historic short squeeze, engineered by millions of deeply cynical small traders, exposed just how rigged the market has been.Wolf Richter is the founder of Wolf Street Corp and the publisher of WolfStreet.com. Wolf has over twenty years of C-level operations experience, including turnarounds and a VC-funded startup. He has a BA, MA, and MBA (UT at Austin). In his prior life, he worked in Texas...Read More
I have been warning for months that the gold/silver ratio will collapse and that silver would gain over gold. The danger that whoever is really behind this Reddit forum is that you will are more likely to bring the SEC down on free speech because you cannot tell people to buy stuff and then havContinue...Read More
When it comes to the shares of GameStop, most of the mainstream media's focus has been on the Reddit message board Continue...Read More
President Trump's plans to completely withdraw all US troops from Afghanistan this year now appear to have been scrapped according to NATO and Continue...Read More
"The Nobel Peace Prize is not for popularity. Nor is it an assessment of what the international community may think of those who helped Continue...Read More