This year's dawning winter rally has great upside potential after the gold and gold stock corrections run their courses.Read full newsRead More

In a day that's often good for gold and mining stocks, investors are selling everything.Read full newsRead More

In the last months of 2020, gold remains stuck to a narrow range as optimism over coronavirus vaccines by Pfizer and Moderna is restoring investor and economist sentiment that further spread of the virus will be contained. This, in turn, has contributed to a more positive outlook regarding the global economy as it continues its recovery from the months of lockdown. As gold prices continue hoverin...Read More

Warren Buffett shocked the investing world in the late summer when it was revealed that his company Berkshire Hathaway had acquired a $500 million stake in Barrick Gold (TSX:ABX)(NYSE:GOLD). Historically, Buffett has not been a strong advocate for the yellow metal. On the contrary, he has consistently recommended that investors seek exposure to mainline blue chips over gold and silver. In 2020, th...Read More

Uncertainty in the markets can cause investors to make snap decisions. The U.S. election saw the markets flipflop as the democrat landslide failed to materialize. While Joe Biden has since emerged as as the president-elect, the politics of our southerly neighbours remain starkly divided. The pandemic has also thrown mixed messages into the news cycle, with rising cases pitched against vaccine hope...Read More

On Monday, Pfizer and European drug company BioNTech said early data suggests the vaccine could be more than 90% effective.It was big news to kick off the week and it led to an immediate 15% surge in the company's share price."I think we can see light at the end of the tunnel," said Pfizer Chairman and CEO Dr. Albert Bourla. "I believe this is likely the most significant medical advance in the l...Read More

Nov 19, 2020 Guest(s): Joe Schwarcz Director, Office for Science and Society, McGill University Both the vaccines from Pfizer and Moderna are categorized as messenger RNA vaccines, and the technology behind this is relatively new, said Dr. Joe Schwarcz, director of the Office for Science and Society at McGill University.Schwarcz outlines the process by which Pfizer and Moderna conducted their va...Read More

Here are five Fastmarkets stories you might have missed on Thursday November 19 that are worth another look.Commodity traders have long forecast that there would be consolidation in their own industry, and in some of the world's biggest centers for metals business that has already...Read More

Lead showed the biggest increase in its three-month price at the end of trading on the London Metal Exchange on Thursday November 19, while prices for the rest of the base metals complex fluctuated after a flat morning trading session.The three-month price for lead was up by 1.54% on Thursday at 5pm, trading at $1,978.50 per tonne and up from Wednesday's closing price of $1,948.50 per tonne.This w...Read More

The London Metal Exchange three-month base metals prices were relatively flat on Thursday November 19, while fears of economic damage from a second-wave of Covid-19 lockdowns spread across the market. Tin's three-month price made the largest decline on Thursday morning, falling by 1.3% to $15,595 per tonne as of 9am. This follows a 0.9% decline from Tuesday as of 5pm on Wednesday, when the price w...Read More

McClellan Financial Publications, IncPosted Nov 19, 2020Nov 13, 2020There is more information in the plot of a McClellan Price Oscillator than just up or down, high or low. Looking at its structures can give us additional information about the strength of a trend.This week’s chart looks at the AMEX Gold Miners Index, GDM.It is showing us things right now which make for a good opportunity for...Read More

Here are five Fastmarkets stories you might have missed on Thursday November 19 that are worth another look.Commodity traders have long forecast that there would be consolidation in their own industry, and in some of the world's biggest centers for metals business that has already...Read More

The global tally is above 56.1 million cases, with almost 11.5 million in the US, according to Johns Hopkins University today.In commodities, the zinc price has continued to strengthen, buoyed by the strong steel market and a supply disruption, with Vedanta Zinc International suspending its flagship Gamsberg mine in South Africa after 10 workers were trapped on Tuesday.Eight have since been rescue...Read More

The approval secures the jobs of about 1100 employees and contractors.Read More

Kyle Morris has been appointed marketing manager at Kalahari Trading, the exclusive marketing agent of South African manganese ore producer United Manganese of the Kalahari (UMK).Morris started at Kalahari Trading on Monday November 16,...Read More

Commodity traders have long forecast that there would be consolidation in their own industry, and in some of the world's biggest centers for metals business that has already started to happen.Independent metals trading companies operating out of Shanghai and Singapore - many of which launched during the early 2000s, surfing the commodities "supercycle" to bountiful profits - have seen risks to bus...Read More

Chinese prices for nickel pig iron (NPI) fell for the first time since early July despite continued strength in the upstream nickel ore market, raising questions over whether the latter is still sufficient to prop up NPI prices in China.Activity in China's NPI market has been muted since early October, with the lack of spot trading resulting in liquidity issues for some participants, in turn causi...Read More

Here are five Fastmarkets stories you might have missed on Thursday November 19 that are worth another look.Commodity traders have long forecast that there would be consolidation in their own industry, and in some of the world's biggest centers for metals business that has already...Read More

Fastmarkets has partnered with CME Group to launch a cash-settled cobalt contract to be settled against Fastmarkets' daily benchmark cobalt price assessment. The new contract will use an average of the midpoint Fastmarkets' standard grade, in-whs Rotterdam price assessment and will trade under the Bloomberg ticker MB071071 from December 14.The cobalt supply chain has been joined by automotive make...Read More

Turkish steel mills returned to the deep-sea scrap market after three days of silence to book three new cargoes at higher prices, sources told Fastmarkets on Thursday November 19.Two European cargoes and one from the Baltic Sea were traded after three days of market inactivity from the mills.One European origin cargo was booked by a steel mill in the Iskenderun region and comprised 15,000 tonnes o...Read More