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 latest forecasts from Fastmarkets' team of analysts are ready to view.This month's key ferro-alloy forecast highlights:?EUR?In a strong start to the year, January saw ore and alloy pricing gains across all markets priced by Fastmarkets - with the exception of Chinese silicon metal export prices, which retreated slightly last month after posting impressive gains in December 2020.The combination...Read More
A wild week of trading across asset markets hasleft investors wondering what represents real value – and whether it evenmatters anymore.Stratospheric GameStop shares came crashing back toearth after their gravity-defying run up. The stock had clearly been pumped to ridiculously overvalued levelsbased on all conventional metrics. But that didn’t deter buyers who believedthey could...Read More
The populist movement to punish Wall Street is turning its focus to silver. The markets may finally force more honest price discovery. That would certainly be welcomed by metals investors long frustrated by concerns about price suppression.Silver prices are pushed around by a handful of the world’s largest banks. The captured regulators and the Department of Justice (For the Well Connected)...Read More
When Joe Public buys shares during awave of euphoria, they do it close to a market top or before the beginning of adecline. Looking at you, SLV!Silver rallied on Friday (Jan. 29), goldreversed its direction before the end of the day and so did miners, with thelatter slightly underperforming gold. I wrote this before, and I’ll stress thisonce again today – the above is a perfectly beari...Read More
It is still all about US dollar Meltdown.All the the assets that act as a safehaven from US dollar meltdown are takingtheir turn to hammer the US Dollar.Silver has been lagging assets like gold andBitcoin from a short and long-term perspective. Silver is still way below its1980 all-time high, as well as its 2011 high.When it is the time for silver to run, thenyou should know that trouble is about...Read More
Nearly 6+ months ago, our research team highlighted a unique price range that appears to be repeating itself in Silver. This price range consists of a $5.40 bullish or bearish price phase. Using our 100% measured move techniques, we’ve seen silver move higher and lower by this range over the past 10+ months and, quite interestingly, the current sideways price range in Silver is a...Read More
As extreme marketconditions drive tremendous volatility in silver spot prices,buyers are exerting unprecedented pressures on retail physical bullionproducts.Record-setting buyingvolumes pushed the silver price toward a multi-year breakout on Monday. Silverhit an eight-year high of over $30/oz during the day, closing at $29.41.On Tuesday, however, thesilver market got slammed – along with sto...Read More
In our globalized economy, currencypairs have a negative correlation with gold, so how does the current EUR/USDsituation impact the yellow metal?It pays to pay attention to what ishappening in Europe. As is well known, there are many currency pairs in theworld, but the most traded one is the EUR/USD. How does that affect you as agold investor? The equation goes something like this: if the economy...Read More
Near the end of 2020, my research team identified trends, pullbacks, and overall upward/downward trends in US major markets as well as those for Gold and Silver. It is time we revisited these early 2021 predictions in relation to what is happening in the markets currently. You can revisit our original publication entitled What To Expect in 2021 Part II – Gold, Silver, and SPY.At the ti...Read More
If you're a close observer of the metals market, you know that the price of silver has taken a tumble during the past several days.Elliott wave analysis was a big help in identifying the price turn, which occurred on Jan. 6.Indeed, here's a chart and commentary from the Jan. 6 issue of our Monday-Wednesday-Friday U.S. Short Term Update, an Elliott Wave International publication which provides near...Read More
Peter Krauth, the editor of Gold Resource Investor, traces previous gold bull markets and lays out what he believes is in store for the current one.If we want to make intelligent forecasts and decisions about our future, we need to understand not only where we are today, but also how we got here. So, let's look at previous gold bull markets for some insight on what we might expect from this one.Go...Read More
The latest forecasts from Fastmarkets' team of analysts is ready to view.We spoke in our previous tracker of stainless steel prices ending 2020 on a high. That trend has continued during early 2021 and, in fact, the upward rally in prices has increased its momentum.Compared with the monthly price increase of some 5% seen at the end of 2020, prices for grade-304 stainless steel in al...Read More
The latest forecasts from Fastmarkets' team of analysts is ready to view.Prices of stainless steel are generally set to reach highs for the year as 2020 comes to a close. For the most common nickel-containing grades of stainless steel, this upward trend is being driven above all by rising nickel prices, which themselves are hitting relatively high levels into the end of 2020.The price increases si...Read More
Positive outlook for 2021 amid steady jewelry sales in US and China. Polished inventory rising. More goods going to GIA for grading. Rough market buoyant as De Beers and Alrosa raise prices again by 3% to 5%. Manufacturing profit margins may come under pressure as slower summer season approaches. De Beers 2020 revenue -27% to $3.4B, loss of $102M vs. 2019 profit of $45M. Rio Tinto 2020 diamond sal...Read More
RAPAPORT... De Beers is embarking on a tracking program for the diamonds it supplies to sightholders, as the miner seeks to enhance its use of data and ensure customers create value from the rough they buy.The company will ask manufacturers for information on polished outcomes under its new supply contract, which goes into effect in April, Rapaport News has learned. This will allow De Beers t...Read More
Alumina cargoes in Brazil were trading at a slight premium to Australian material on Thursday February 25 due a muddled supply picture, but opinions on the market's direction remained mixed.Fastmarkets' alumina index adjustment to fob Australia index, Brazil, was at a premium of $0.90 per dry metric tonne compared with Australian units on Thursday, against a $4.51 per dmt discount on January 14.Th...Read More
RAPAPORT... Revenue at Michael Hill fell 2.9% year on year to AUD 319.9 million ($255.7 million) in the first fiscal half amid coronavirus-related closures and a drop in foot traffic.Same-store sales - at retail locations open for at least a year - rose 6% for the six months ending December 27, reflecting the Australian jeweler's continued focus on strategic initiatives to update its business. Net...Read More
RAPAPORT... De Beers recorded its first annual loss since the aftermath of the global financial crisis as rough sales and prices slumped during the Covid-19 pandemic.The miner's underlying loss came to $102 million in 2020, compared with a profit of $45 million in 2019, parent company Anglo American reported Thursday. De Beers had not been in the red since 2009, according to Rapaport records....Read More
(IDEX Online) - Alrosa is to re-open its Severalmaz ore processing plant, as global demand returns.The plant, which accounts for about 11 per cent of the miner's annual rough diamond output, ceased operations last October. It was scheduled to re-open on 1 April, but that has been brought forward to 1 March as the markets recover more quickly than expected. Processing was also suspen...Read More
Domestic prices for steel hot-rolled coil in Northern Europe increased day on day on Thursday February 25 due to tight supply, sources have told Fastmarkets.Market participants expected that European steelmakers would increase their offers next week in an attempt to trigger further price rises.Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe, at ?,?735.00...Read More