Katusa Research, Released on 11/19/21I still see tremendous upside for all our core precious metals holdings.Continue... Marin Katusa: Is gold ready for its next leg higher? added by Herman James on 11/19/2021View all posts by Herman James ?+'Read More
Kitco News, Released on 11/18/21This upcoming Thanksgiving will be the most expensive ever, and inflation will continue to be a serious concern for investors, said Gary Wagner, editor of TheGoldForecast.com who advocates that gold is still the ultimate store of wealth.0:00 - Gold's macro drivers7:00 - Inflation hedge13:00 - USD and gold price outlook23:25 - How to trade goldGary Wagner has been a...Read More
Zero Hedge, Released on 11/19/21Kyle Rittenhouse has been acquitted on all charges related to last year's shooting in Kenosha, Wisconsin.The 18-year-old was charged with five felonies; first-degree intentional homicide, first-degree reckless homicide, Continue... Kyle Rittenhouse Acquitted On All Charges added by Herman James on 11/19/2021View all posts by Herman James ?+'Read More
Summit News, Released on 11/19/21The Spectator has published an article citing official data from Public Health England, which states that for the over 30's, "the rates of Covid infection per 100,000 are now higher among the vaxxed than the unvaxxed."Continue... Official Public Health England Data Says COVID Infection Rates Higher in Vaxxed Than Unvaxxed added by Herman James on 11/19/2021View all...Read More
SHTFplan, Released on 11/18/21Dr. Mark Dybul, a professor at Georgetown University and immunologist is warning us to expect a fully "vaccine" resistant strain of COIVD to start spreading in the spring. Is this really a warning, or is this a threat?Continue... Immunologist Predicts A Fully Vaccine-Resistant Covid Variant By The Spring added by Herman James on 11/19/2021View all posts by Herman Jame...Read More
Kitco, Released on 11/17/21Growth began with the social media buying frenzy before spreading to more traditional silver investors.Continue... Silver demand to surpass 1 billion ounces this year, hitting a 6-year high - Silver Institute added by Herman James on 11/19/2021View all posts by Herman James ?+'Read More
Turkish steel scrap import prices recovered with a fresh European cargo deal heard at the end of the week, market participants told Fastmarkets on Friday November 19.A steel mill in the Marmara region booked a European cargo comprising HMS 1&2 (75:25) at $486 per tonne and bonus at $506 per tonne cfr. The cargo composition was not clear at the time of publication. The previous deep-sea deal was he...Read More
The price of secondary steel billet in the Indian domestic market fell by 1,500 rupees ($20) per tonne over the week ended Friday November 19, with demand for semi-finished materials slowing down in line with a sharp fall in demand and prices for finished steel products.Fastmarkets assessed the price for steel billet, domestic, exw India, at 41,700-41,900 rupees ($562-565) per tonne on November 19...Read More
Bulk freight rates for key steel products have receded over recent weeks amid shrinking port congestion in China and improved vessel availability, sources have told Fastmarkets.A slowdown in Chinese commodity imports, coming at a time of crashing steel prices in the country, has allowed congestion at the country's ports to unwind in recent weeks, markets participants said.Freight rates first dropp...Read More
Further deals for resale cargoes of 3sp blast furnace (BF) steel billet into the Southeast Asian markets have damped sentiment in the region for new production billet, sources told Fastmarkets on Friday November 19.Several hundred thousand tonnes of diverted cargo, some of which was already on the water and required very prompt shipment, have been offered into Southeast Asian countries in recent w...Read More
Emerita Resources Corp. recently announced encouraging step-out drilling results from its Iberia Belt West property in Spain. The firm is now activating three new diamond drilling rigs to accelerate exploration work. Clarus Securities Inc. commented in a research note that it is maintaining its "Speculative Buy" rating for the company and due to higher commodity market prices is raising its price...Read More
The price of stainless steel in the European domestic market remained unchanged this week, but ongoing tightness could see prices move up before the end of the year, sources told Fastmarkets on Friday November 19.Fastmarkets' weekly price assessment for stainless steel cold-rolled sheet 2mm grade 304 base price domestic, delivered Northern Europe was unchanged week on week at ?,?1,850-1,900 ($2,09...Read More
Eastern China's rebar prices increased slightly on Friday November 19 following futures' gains due to heightened market expectations that banks will loosen loans to housing companies.Domestic Eastern China (Shanghai): 4,670-4,710 yuan ($732-738) per tonne, up by 10-20 yuan per tonneNorthern China (Beijing) weekly assessment: 4,440-4,480 yuan per tonne, down by 80-120 yuan per tonneMarket participa...Read More
The mid-tier and juniorgold miners in their sector’s sweet spot for upside potential have been poweringhigher recently. They’ve blasted toseveral major breakouts after getting bombed out during gold-futures speculators’taper tantrum on Fed-tightening fears last summer. These smaller gold miners just finished theirQ3’21 earnings season, revealing whether their fu...Read More
European automotive producers are driving the demand for steel grades involving reduced generation of carbon dioxide, in their attempts to reduce supply-chain emissions, and are teaming-up with steelmakers to explore the emerging green steel prototypes.Pressure to meet climate targetsAn estimated 20% of the automotive industry's emissions come from the manufacturing stage, according to CDP - forme...Read More
China's biggest steelmaker, Baowu, has set up a global alliance with some of the world's major steel producers and miners, to develop and promote a low-carbon steel industry.Announcing the establishment of the Global Low Carbon Metallurgical Innovation Alliance (GLCMIA) at its expo center in Shanghai on Thursday November 18, Baowu said the alliance would work together to accelerate and promote the...Read More
Inflation expectations reached a record high. Is gold preparing a counterattack to punish gold bears?In a classic Monty Python sketch, nobody expects the Spanish inquisition. In the current marketplace, everyone expects high inflation. As the chart below shows, the inflation expectations embedded in US Treasury yields have recently risen to the highest level since the series began in 2003. Houston...Read More
Here are five Fastmarkets stories you might have missed on Thursday November 18 that are worth another look.Swedish steelmaker SSAB has announced a further two partnerships involving its fossil-fuel-free steel, to commence in 2026, the company said in separate announcements this week.Production of key battery raw materials cobalt...Read More
Handan city, a major steelmaking hub in northern China's Hebei province, has issued production curbs on key sectors for the rest of 2021 to fight against air pollution during the smog-prone winter heating season. From Thursday November 18 until the end of the year, steel mills in the city are required to cut their blast furnace (BF) production by up to 100%, depending on the grades assigned to the...Read More
Weaker demand combined with lower offers from all origins, spearheaded by recent Chinese price falls, put further downward pressure on South American flat-rolled steel import prices in the week ended Friday November 19.Despite offers from China continuing to drop - in what was widely considered by market participants to be short-selling from traders - buyers remained hesitant about booking new car...Read More