Gold and silver prices opened slightly higher this week on the back of a weaker U.S. dollar and what seems like confirmation that there won't be another stimulus package until after the election.Gold for December delivery was up about $10 to $1,916 an ounce in early morning trading. Meanwhile, silver rose to about $25 per ounce.Yesterday House Speaker Nancy Pelosi gave the White House an ultimatum...Read More

Here are five Fastmarkets stories you might have missed on Monday October 19 that are worth another look....Read More

Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. Last week, the Index slipped 10.78 points, or 1%, to 1096.90.MACD fell 7.59 points to 0.73 and remains on a buy signal. RSI dropped 5.71 points from 64.95 to 59.21.Support is now at 1080 (long-lived resistance has recently become support) and 1075. Resistance is at 1100 and 1107.As far as...Read More

Hot-rolled coil prices in the United States have continued to move higher, supported by tightening supply brought on by rising demand in face of still-constrained domestic production.Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $33.39 per hundredweight ($667.80 per short ton) on Monday October 19, up by 0.7% from $33.17 per cwt on Friday October 16 and 3.2% higher...Read More

Domestic prices for steel hot-rolled coil across Europe inched upward over the week to Friday October 16, with buyers expecting prices to rise further.Buyers expected that the mills would soon announce the next round of increases in offer prices.Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe, at ?,?495.83 ($580.74) per tonne on October 16, up by ?,?2.33...Read More

Offer prices for domestic steel rebar in Russia's Central Federal District around Moscow increased as expected this week, although buyers said it was hard to pass them on to downstream customers, sources said on Monday October 19.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), domestic, cpt Moscow, Russia was 40,000-41,000 roubles ($514-527) per tonne on October 1...Read More

Prices for imported rebar in Singapore rose slightly in the week to Monday October 19 due to there being less Turkish material in the spot market, sources told Fastmarkets.Offers for Turkish rebar remained at $465 per tonne cfr Singapore on a theoretical weight basis, although Turkish supply is not readily available for December-shipment materials.This is because Turkey has sold large quantities t...Read More

China's domestic rebar prices moved up on Monday October 19 following early gains in the futures market, which received a boost from positive economic data for the third quarter.DomesticEastern China (Shanghai): 3,710-3,740 yuan ($554-558) per tonne, up by 30 yuan per tonneChina's gross domestic product grew by 4.9% on the year in the third quarter, and is 1.7 percentage points higher than the sec...Read More

Domestic prices for ferrous scrap in Italy have been fairly stable over the month to the middle of October, market sources told Fastmarkets.Fastmarkets' monthly price assessment for steel scrap, No E3 (old thick scrap), domestic, delivered mill, Italy, was unchanged over the month at ?,?220-240 ($258-281) per tonne on Friday October 16. The assessment was based on transactions heard in the market....Read More

Prices for steel scrap imported by Turkish steel mills inched back upward late last week after earlier dips, market sources told Fastmarkets on Monday October 19.Higher prices were heard in one booking that came to light late on Friday after the Fastmarkets index calculation had closed for the day, and in another that become known on Monday morning.A steel mill in the Izmir region booked a Baltic...Read More

Domestic ship scrap prices in Turkey have remained stable over the past week despite rising imported scrap values, market sources said on Monday October 19.The mills' buy prices for ship scrap have remained unchanged at $280 per tonne delivered.So Fastmarkets' weekly price assessment for steel scrap, melting scrap from shipbreaking, domestic, delivered Turkey, was $280 per tonne on Monday, unchang...Read More

Doug Casey is an American-born libertarian economist and advocate of the free market. He is a bestselling financial author, international investor, entrepreneur, and the founder and chairman of Casey Research, a provider of subscription financial analysis about specific market verticals including natural resources/metals/mining, energy, commodities, and technology. Since 1979 he has written or co-...Read More

Economist Steve Keen predicts that even if the covid-19 health crisis subsides next year, a brewing financial crisis on par with the 2008 Great Recession is in the making. He sees the pandemic as having delivered an "unprecedented shock" to the global economy, and the response from authorities as nothing less than a "catastrophe". With tens of millions of households having lost their income this y...Read More

Shipp says, "Trump is going to win by a landslide. . . .but people should expect significant violence in the streets. You should plan accordingly."Kevin Shipp is a former CIA Officer.There is free information and analysis on Kevin Shipp's website called ForTheLoveOfFreedom.net. You can also buy a copy of Shipp's book called "From the Company of Shadows." Read More

Market forecaster James Bianco of Bianco Research warns the backdrop is conducive for an inflation comeback.Jim Bianco is President and Macro Strategist at Bianco Research, L.L.C. Since 1990 Jim's commentaries have offered a unique perspective on the global economy and financial markets. Unencumbered by the biases of traditional Wall Street research, Jim has built a decades long reputation for obj...Read More

*You can watch the entire 60 Minutes interview in its entirety below the first videoPeter Schiff, a prominent Bitcoin critic, is the target of an investigation by leading tax authorities. Allegedly, Euro Pacific Bank, provided banking services to known organized criminals and tax evaders with little scrutiny, Let's discuss!60 Minutes interview:In a major exclusive involving 60 MINUTES, The Age, Th...Read More

Gold, Silver as well as the gold stocks have a technical setup showing downside potential over the weeks ahead. The good news is a steep selloff would lead to an excellent entry point.?>>?Jordan Roy-Byrne, CMT is a Chartered Market Technician and member of the Market Technicians Association.. He is the publisher and editor of TheDailyGold Premium, a publication which emphasizes market timing and s...Read More

CIS export prices for steel billet inched upward on Monday October 19 amid higher costs for steelmaking raw materials, particularly scrap, Fastmarkets has heard.Fastmarkets' daily steel billet index, export, fob Black Sea, CIS, was calculated at $410 per tonne on Monday, up by $2 per tonne from Friday.Market participants reported offers within the range of $415-420 per tonne fob Black Sea, against...Read More

"As bad as COVID-19 has been, the damage of climate change will be even worse, and there won't be just an intervention like a vaccine to bring it to an end." he said. Continue...Read More

NEVER in my personal imagination would I have EVER assumed that the high-tech companies would be conspiring against our freedom. They are simply greedy. Continue...Read More