"Geez, the reason I was able to stay sequestered in my home is because some black woman was able to stack the grocery shelf. Or I got a young Hispanic is out there, these Dreamers are out thereContinue...Read More
The recovery in manganese alloys prices in Europe in the past week or two may have limited space to move higher in the near term due to depressed end-user steel demand in the automotive and construction sectors, according to trade sources and available industry data. Until the past week or two, manganese alloys prices in Europe had been trending downward since late April due to the effects that na...Read More
Peter Krauth explains why he believes gold stocks are "churning out some serious profits that are likely to just keep getting better." It's not too late for you to buy gold and gold stocks on the cheap.If you haven't already, you may want to seriously consider it.That move might set you up for a run over the next few years that could turn into your single best investment...ever. You see, gold sto...Read More
Fremont Gold reported it intercepted 50.3m of 1.05 g/t Au at its Griffon gold project in Nevada and announced plans to initiate a fall drill program at its North Carlin project. In a news release, Fremont Gold Ltd. (FRE:TSX.V; FRERF:OTCQB; FR2:FSE) announced that it has "received nearly all the remaining assay results from the recently completed phase 1 drill program at the past producing Griffon...Read More
Whether the market is foreign or domestic, equity, commodity or metal the grind is on. Speaking of grind, the one in gold has been expected as the metal builds out its big picture Handle to the bullish Cup with an objective that is much higher. Let’s take a look at a few NFTRH charts to gauge the grind in several markets and by extension, the grind many feel on their nerves these days. It&rs...Read More
Here are five Fastmarkets stories you might have missed on Monday October 5 that are worth another look.Tata Steel Europe has strongly denied reports that it will sell its UK-based asset to Chinese steel giant Jingye.After United States sanctions cut off supplies of microchips...Read More
Most Turkish flat steel prices decreased toward the end of September 2020 and market sources expected further price reductions to come amid price falls for raw materials, Fastmarkets heard on Monday October 5.Turkish flat steel producers were fully booked through September, with trading sources reporting that the market was moderate for most of the month because of strong demand in Asia at the beg...Read More
Technical analyst Clive Maund takes a look at silver and explains why he believes it's a good time to build positions.More than a few traders are confused about what is going on with silver here after its recent reaction, but when we look at its long-term chart the situation quickly becomes clear. So we will start this update by looking at silver's 13-year chart in order to get big picture perspec...Read More
Tata Steel Europe has strongly denied reports that it will sell its UK-based asset to Chinese steel giant Jingye. This weekend numerous reports appeared in the British press indicating that Chinese steel company Hebei Jingye Group had expressed interest in acquiring Tata Steel's flat steelmaking asset, Port Talbot. Tata Steel called this information "speculative" in a comment to Fastmarkets on Mon...Read More
Here are five Fastmarkets stories you might have missed on Tuesday October 6 that are worth another look.Domestic prices for hot-rolled coil in Northern Europe increased day on day on October 6, despite buyers holding back from making new deals, sources told Fastmarkets.Anheuser-Busch InBev (AB InBev), the world's largest brewer, has...Read More
Mexican ferrous scrap prices remained stable in the week ended Friday October 2, amid a downturn in market sentiment and fears among sellers that prices could fall later this month.Fastmarkets assessed the steel scrap No1 busheling, consumer buying price, delivered mill Bajio, at 6,450 pesos ($290) per tonne on Tuesday October 6, and the corresponding steel scrap No1 heavy melt, consumer buying pr...Read More
Domestic prices for hot-rolled coil in Northern Europe increased day on day on Tuesday October 6, despite buyers holding back from making new deals, sources told Fastmarkets.Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe, at ?,?496.46 ($583.74) per tonne on Tuesday October 6, up by ?,?3.13 per tonne from ?,?493.33 per tonne on October 5.The index was up...Read More
An overview of the chrome ore and alloy markets and their latest price moves.Europe The market for high-carbon material was stable, with a broad range of prices still being reported, although transaction volumes were relatively low. Many market participants had begun negotiations for long contracts for 2021, with participants reporting...Read More
Here are five Fastmarkets stories you might have missed on Tuesday October 6 that are worth another look.Domestic prices for hot-rolled coil in Northern Europe increased day on day on October 6, despite buyers holding back from making new deals, sources told Fastmarkets.Anheuser-Busch InBev (AB InBev), the world's largest brewer, has...Read More
The recovery in manganese alloys prices in Europe in the past week or two may have limited space to move higher in the near term due to depressed end-user steel demand in the automotive and construction sectors, according to trade sources and available industry data. Until the past week or two, manganese alloys prices in Europe had been trending downward since late April due to the effects that na...Read More
London Metal Exchange three-month base metals prices continued to consolidate at the close on Tuesday October 6, with China's absence during the regional Golden Week holiday being felt, with the complex somewhat directionless as a result.LME futures prices, with the exception of aluminium and nickel, retraced previous gains in the afternoon trading session in anticipation of China's return to the...Read More
Seaborne hard coking coal prices fob Australia dipped day on day on Tuesday October 6 in the run-up to the conclusion of a tender that some market participants say they expect will fetch lower prices.Fastmarkets indices Premium hard coking coal, fob DBCT: $137.46 per tonne, down $0.25 per tonne. Premium hard coking coal, cfr Jingtang: $145.10 per tonne, unchanged. Hard coking coal, fob DBCT: $113....Read More
The three-month nickel price on the LME was higher during morning trade on Tuesday October 6, despite thin turnover, while the fresh cancellation of nearly 70,000 tonnes of aluminium failed to push the light metal's price above nearby resistance. Nickel's outright price on the London Metal Exchange was recently seen at $14,690 per tonne, climbing more than 1% from Monday's closing price of $14,644...Read More
"We could not have brought the JPMorgan case without the data analytics program..."by Chris Powell of the Gold Anti-Trust Action Committee (GATA)JPMorgan Probe Was Revived by Regulators' Data MiningBy Dave MichaelsThe Wall Street JournalMonday, October 5, 2020WASHINGTON - Investigators probing whether traders at JPMorgan Chase rigged silver prices seven years ago decided there was no case to bring...Read More
With the enormous investor demand for Silver Eagles, the U.S. Mint sold nearly three million official coins in September. While this wasn't the... by Steve St Angelo of SRSrocco ReportWith the enormous investor demand for Silver Eagles, the U.S. Mint sold nearly three million official coins in September. While this wasn't the highest monthly amount this year, it was a record when we compare t...Read More