We are joined on Metal Money by Gareth Soloway, President & CFO of InTheMoneyStocks.com. Don't miss Gareth's compelling analysis of how gold is repeating past price patterns and the case for $2,800 gold in the short-term.Gareth Soloway's InTheMoneyStocks.com: https://inthemoneystocks.comRead More

Russia's finance ministry has proposed allowing its National Wealth Fund (NWF) to invest in precious metalsContinue...Read More

Sector expert Michael Ballanger offers his take on the state of the markets as 2020 comes to a close. I don't know about you, but if you want my unfiltered opinion of the Year of Our Lord 2020, I would rank it in at least the bottom 2% in many respects, but only in terms of a sixty-seven year sample size and it has nothing at all to do with markets or money.At this time last year, I was writing i...Read More

Gold Stocks remain in a correction, even if the October 29 lows continue to hold into December. Corrections are a function of price and time, and often in this sector, a correction can continue in terms of time, well after a low in price is made. But I digress.The most significant and most consistent moves to the upside usually occur after a crash or after a major breakout. Gold and silv...Read More

In Part I of this research article I highlighted the incredible rally in Gold related to a 2020 Anchor point and how that rally in Gold compared to the QQQ and SPY.  In this second Part I am going to highlight the price appreciation in the QQQ and SPY in comparison to Gold since 2009.  It is important to understand how the equities/stocks have rallied in comparison to Gold because the ra...Read More

Gold may have comeoff the boil a bit after rising beyond $1,900 an ounce in the aftermath of theUS election, but the precious metal will do well under a Biden presidency, anAhead of the Herd analysis has found. The main factors aredrastically increased government spending, leading to even more unsustainableUS debt levels than currently; dovish monetary policy as the Fed continues toadvocate &ldquo...Read More

Precious metals markets got off to arocky start this week as Wall Street celebrated promising developments on thevaccine front. On Monday, stocks surged while gold and silver soldoff hard. That selling didn’t bring downside follow through, however. Themetals held trading range support levels and pared some of their earlier lossesheading into this Friday the 13th.A metal we don’t often...Read More

Russia-based steelmaker NLMK's US subsidiary has reached a settlement with the United States government on a lawsuit regarding Section 232 tariffs on steel imports.NLMK filed a suit in the US Court of International Trade on February 2020, challenging a decision from the Department of Commerce to deny the company's exclusion requests to the Section 232 tariff of 25% against steel imported from most...Read More

China's crude steel, hot metal and finished steel output continued to grow on a year-on-year basis in October, according to data released by the country's National Bureau of Statistics on Monday November 16.October outputCrude steel: 92.2 million tonnes, up 12.7% from a year earlier, down 0.4% from SeptemberHot metal: 76.17 million tonnes, up 9.4% year on year, up 0.5% month on month Finished stee...Read More

Rudi Fronk and Jim Anthony, cofounders of Seabridge Gold, look at the macroeconomic factors they believe will move gold higher. The gold market entered a period of increased volatility during the third quarter, usually a positive indicator for the metal. A growing number of investors and analysts recommended the accumulation of gold as it began to move out of the shadows and into the spotlight. Gl...Read More

Tata Steel has initiated discussions with Swedish steelmaker SSAB over the sale of its IJmuiden plant in The Netherlands, the company said on Friday November 13.Tata Steel has also initiated the process of splitting its main European operations - Tata Steel Netherlands and Tata Steel UK - with the aim of pursuing separate strategic paths for the two businesses. "Tata Steel...Read More

Here are five Fastmarkets stories you might have missed on Tuesday November 17 that are worth another look.Flat steel import prices in the United Arab Emirates (UAE) have increased over the past week because of a shortage of hot-rolled coil and globally strong demand, sources said on November 17.Alvance, the...Read More

My research team and I went off on a wild tangent trying to identify how the markets could react to the recent spike in price activity on Monday, November 9, 2020.  This is the day that Pfizer announced a 90% effective rate with its new COVID-19 vaccine, causing the US stock market to skyrocket higher before the opening bell in New York. As with most pop-and-drops, this incredible upside spik...Read More

Is silver leading Bitcoin or is Bitcoinleading silver? Well, it depends on which time framing one is looking at.On this chart comparison below, silverappears to be leading the way higher compared to Bitcoin: I have marked out points (A to C and 1 to 5)on both charts to show how patterns on both silver and Bitcoin could besimilar. Point C represents the lows for both silver and Bitcoin in March oft...Read More

Hot-rolled coil prices in the United States held steady while more service centers tried and failed to enter the spot market for January 2021 shipments, with some buyers now unable to supply customers with enough tonnage to fulfill downstream needs. Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $36.31 per hundredweight ($726.20 per short ton) on Tuesday November 17,...Read More

A summary of base metals premiums from across the globe for the week to Tuesday November 17. Please click...Read More

Peter Krauth looks into what Pfizer and BioNTech's COVID-19 vaccine efficacy announcement could mean for gold and silver. Believe it or not, the big deal for precious metals this week was not the U.S. election.It was news that Pfizer and BioNTech's COVID-19 vaccine was over 90% effective in preventing the virus, and would likely be among the first to receive FDA authorization.Monday was massively...Read More

We last wrote to you roughly ten days ago.We concluded, “It appears GDX and GDXJ will test their September lows at $37 and $52 reasonably soon. Should GDX & GDXJ break those lows to the downside, then we should get ready to buy.”GDX and GDXJ did break their September lows but only for a day. They closed below those levels on October 29 and then gapped down the next day. But as...Read More

Aluminium's three-month price on the London Metal Exchange was among the best performers at the end of trading on Tuesday November 17, with prices stabilizing after a bullish trading session on Monday. The three-month price for the light metal rose by 1.36% from Monday's closing price, to reach $1,977.50 per tonne on Tuesday. A price above $1,970 per tonne for aluminium has not been...Read More

Below is a chart (source) showing a 10-year history of silver prices. The prices are adjusted for inflation… As you can see, the price of silver today is well below its peak price in 2011. At $24 per ounce, silver is down fifty-six percent since August 2011. When the silver price collapsed almost forty percent in just a few weeks earlier this year, its price briefly broke below $12 per ounc...Read More