The CRA has probably been in the headlines more times in 2020 than the past five years put together. The department has been on the frontline, battling the financial repercussions and consequences of the pandemic. The CERB and CRB programs, along with other benefit payments targeting the financial victims of the pandemic, were the primary reason why the CRA was highlighted last year, but there hav...Read More
China's crude steel, hot metal and finished steel production all rose sharply year on year in March and the first quarter of 2021, according to data released by National Bureau of Statistics (NBS) on Friday April 16.March productionCrude steel: 94.02 million tonnes, up by 19.1% from March 2020Hot metal: 74.75 million tonnes, up by 8.9% year on yearFinished steel: 119.87 million tonnes, up by 20.9%...Read More
When it comes to analyzing gold and gold prices there seems to be no limit to the explanations of cause and effect. The number of things presumed to be fundamental, or which are correlated to gold, has grown exponentially as gold receives more attention in the media and from the public. The state of confusion that exists regarding gold and gold prices is exacerbated by the contradictions and confl...Read More
My research team and I continue to believe the Cannabis/Alternative sector is poised for a big trend in 2021 and 2022. Over the past few years, this sector has continued to trend lower after the hype of 2016~2018 – back when everyone was getting into the Cannabis industry as multiple US states authorized recreational and medical use. After the 2018 peak, followed by the early 201...Read More
The gold miners’ stockssuffered a rocky start to 2021, rolling over into an extended correction aftera young upleg prematurely failed. Theresulting deeper lows left sentiment overwhelmingly bearish, with thiscontrarian sector deeply out of favor. But over the last five weeks or so, gold stocks have powered higheragain in another young upleg. This onehas a far-stronger founda...Read More
The latest forecasts from Fastmarkets' team of analysts is ready to view.In both Europe and the United States, the prices of most flat steel products have pushed to record highs in the weeks to Monday March 22. They remain slightly below their mid-2008 peaks in China, but are at multi-year highs there too.This illustrates in part the heavier consequences of the Covid-19 pandemic for steelmakers in...Read More
The latest forecasts from Fastmarkets' team of analysts are ready to view.Chinese seamless linepipe prices have jumped by $120 per tonne over the past month because of rising costs. With iron ore prices remaining elevated, scrap costs on the rise, and activity at steel mills curbed by environmental measures, steel billet has become difficult to source, bolstering the prices for seamless linep...Read More
With gold's reputation as a store of value and recent gold-focused merger and acquisition activity, there is renewed investor interest in companies active in this exploration.Read full newsRead More
With gold's reputation as a store of value and recent gold-focused merger and acquisition activity, there is renewed investor interest in companies active in this exploration.Read full newsRead More
Barrick Gold (TSX:ABX)(NYSE:GOLD) has been one of my top picks in the gold mining space for quite some time.The fact that Warren Buffett, one of the best investors of all time, showed interest in this stock certainly makes it an option worth considering for investors. Nevertheless, there’s some concern with this stock in the near term. Let’s dive into the details.Profit-sharing deal wi...Read More
Here are five Fastmarkets stories you might have missed on Friday April 16 that are worth another lookBrazil was a net importer of finished steel during the first quarter of 2021 for the first time since 2014 amid a domestic supply-demand imbalance, according...Read More
MySteel 62% iron ore fines were up 2.9% to $177.50 per tonne.Vale shares (BZ: VALE3) reached an all-time high of BRL109.11 intraday on Friday.In Australia, the S&P/ASX 200 looks set for a positive day as the index nears last year's record high of almost 7,200 reached in February last year."In equity land, the AUS200 looks hot too, with eyes on a move towards 7100," Pepperstone head of res...Read More
Here are five Fastmarkets stories you might have missed on Friday April 16 that are worth another lookBrazil was a net importer of finished steel during the first quarter of 2021 for the first time since 2014 amid a domestic supply-demand imbalance, according...Read More
Here are five Fastmarkets stories you might have missed on Friday April 16 that are worth another lookBrazil was a net importer of finished steel during the first quarter of 2021 for the first time since 2014 amid a domestic supply-demand imbalance, according...Read More
Are investment returns set to go to the moon? Some are, according to Raoul Pal. He unveiled his age of exponential returns thesis on Friday which is filled with optimism about the future. Air Canada (AC) is one stock that we do not envision going to the moon, however.Meanwhile, earlier in the week, we published our Top 40 for April, where we have found some opportunities that are grounded in the o...Read More
Here are five Fastmarkets stories you might have missed on Friday April 16 that are worth another lookBrazil was a net importer of finished steel during the first quarter of 2021 for the first time since 2014 amid a domestic supply-demand imbalance, according...Read More
Here are five Fastmarkets stories you might have missed on Friday April 16 that are worth another lookBrazil was a net importer of finished steel during the first quarter of 2021 for the first time since 2014 amid a domestic supply-demand imbalance, according...Read More
Ignore what centralbankers are saying; instead, watch what they are doing.While they poo-poo goldor pretend it doesn't exist, global central banks have been quietly but aggressivelyaccumulating gold bullion for several years now. The Central Bank of Russia,for example, has been a consistent buyer of gold.Other major central bankshave also been acquiring and holding the metal, although some scaled...Read More
When it comes to analyzing gold and gold prices there seems to be no limit to the explanations of cause and effect. The number of things presumed to be fundamental, or which are correlated to gold, has grown exponentially as gold receives more attention in the media and from the public. The state of confusion that exists regarding gold and gold prices is exacerbated by the contradictions and confl...Read More
Here are five Fastmarkets stories you might have missed on Friday April 16 that are worth another lookBrazil was a net importer of finished steel during the first quarter of 2021 for the first time since 2014 amid a domestic supply-demand imbalance, according...Read More