Here are five Fastmarkets stories you might have missed on Wednesday May 19 that are worth another look.ArcelorMittal has told some customers that it will be adding another ?,?50 ($73) per tonne to its coil product offer prices in Europe this week, sources told Fastmarkets on Wednesday May 19.Tax...Read More

An overview of the consumer electronics markets and their latest price moves.Ewa Manthey and Dalila Ouerghi...Read More

The gold miners’ stockshave powered higher in recent months, solidifying a strong young upleg.  But the extended-correction low leading intothis latest rally has left sector psychology fairly bearish.  Traders are skeptical about gold stocks’upside potential, wary of another serious selloff.  The gold miners’ just-reported Q1’21operating and financial results...Read More

Manganese ore stocks at major Chinese ports have declined to a seven-month low amid continuously increased ore consumption among manganese alloy smelters in recent months. Fastmarkets assessed manganese ore inventories at the main Chinese ports of Tianjin and Qinzhou at 5.76 million-5.87 million tonnes on Monday May 17, down by 2.84% from 5.93 million-6.04 million tonnes the previous week and the...Read More

Junior miners may soon suffer abreakdown of the short-term support line. So, what’s responsible for theirunderperformance of gold and stocks?Today’s technical part of the analysis isgoing to be brief, as I have discussed multiple things this week and mycomments remain up-to-date. There’s not much to add today, and we’ll go overonly one technical chart – the one where...Read More

The Alumar aluminium smelter in Brazil's Maranh??o state could be a future target for a restart, Alcoa Corp chief financial officer Bill Oplinger said. Alcoa operates around one-quarter of currently curtailed aluminium smelting operations in the Western world and is eying various dynamics when considering restarts, including local currency, local workforce and energy availability, he said. "When I...Read More

Gold scored some victories over thepast days, but it’s playing a risky game. One misstep and the yellow metalmight lose the war.Sometimes, a good strategist needs togive up a few battles to eventually win the war. Or, at least, convince theirenemy that they’re defeated while preparing a counterattack. Just the same, achess player may need to sacrifice a piece in order to checkmate a ki...Read More

Gold bugs are closely watching what happens with Treasuries. Last year, the gold price hit a record high of $2,034/oz, largely due to the fact that investors were piling into bonds as a safe haven against pandemic-related uncertainty. A descending US dollar and negative real rates (when bond yields minus the inflation rate fall below 0%) were also important antecedents. Over the past several weeks...Read More

Here are five Fastmarkets stories you might have missed on Wednesday May 19 that are worth another look.ArcelorMittal has told some customers that it will be adding another ?,?50 ($73) per tonne to its coil product offer prices in Europe this week, sources told Fastmarkets on Wednesday May 19.Tax...Read More

We recently completed some interesting research related to one of our newest Custom Indexes – the Commodities to Smart Cash Index (C2SC Heat Index) – weighted by the US Dollar and VIX.  We’ve been reviewing this new index for months watching it to see how it reacts to various trends in Lumber, Gold, Treasury Yields, the Smart Cash Index, and other weighted values.  Rece...Read More

Let’s start by defining hyperinflation… “Hyperinflation is a term to describe rapid, excessive, and out-of-control general price increases in an economy. While inflation is a measure of the pace of rising prices for goods and services, hyperinflation is rapidly rising inflation, typically measuring more than 50% per month.”  (source)In addition, hyperin...Read More

The GDX and HUI Index are enjoying ablissful moment. With HUI behaving civilly, will the GDX cling to theunrealistic and try to leap to cloud “ten”?With the GDX ETF punching a hole throughits glass ceiling, the seniorminers are now witnessing an environment that’s beyond their wildestdreams: sunshine, clear skies and a utopia that’s eluded them since thebeginning of the New...Read More

Before going into detail regarding my latest research and cycle phases, I want you to think of these cycle phases as Advancing and Declining cycle trends.  They act as a “build-up of trend”, then an “unwinding of trend”.  In each instance, trends can be either Bullish, Bearish, or Neutral in nature.  My research team and I believe a new Bullish Cycle Phase ha...Read More

The USD Index let out a roar heardacross all markets. The king of the financial jungle arrived, along with thegreenback’s largest single-day gain.Just as the African landscape sometimesneeds to show the strongest of its inhabitants, so does the less remote butequally ferocious financial environment. This time, the USDX seems to have wonthe fight – its fangs and claws turned out to be t...Read More

Wayne Wang will join ThyssenKrupp in early June as senior base metal trader, with a focus on physical aluminium, he told Fastmarkets.He will join ThyssenKrupp's Asian desk in Singapore, which is currently led by Kevin Song.Read More

As President Joe Biden pushed massive new spendinginitiatives in his address before Congress, investors shrugged off risinginflation risk. They pushed the S&P 500 up to a new record close onThursday.Gold,meanwhile, continues to be capped under the $1,800 level – at least for thetime being.  Silver shows a slight weeklygain and trades a little over $26 per ounce. As trading closes ou...Read More

Gold started its decline withoutanyone’s assistance. And when the USDX takes off, that downhill tumble can onlyincrease.The USDX declines and the precious metalssit by idly, twiddling their thumbs. If they had the strength that’s beingtalked about, they should be soaring by now, or getting ready to. So, what’stheir problem?In the previous days, I discussed thesignals coming from...Read More

The Fed left its monetary policy unchanged. However, the lack of any action amid economic recovery is dovish – good news for gold.On Wednesday (Apr. 28), the FOMC has published its newest statement on monetary policy . The statement wasn’t significantly altered. The main change is that the Fed has noticed the progress on vaccinations and strong policy support, and that, in consequence,...Read More

Althoughwe tend to focus more on the fundamentals here at Money Metals, thetechnical indicators can offer important insights. Such as right now.Manytraders, investors, andmomentum players will closely examine the market trend to determine if and whento enter or exit the market.Amarket with a strong technical foundation can launch to dizzying heights, whilea market displaying weak technicals will h...Read More

The near-term outlook for ferro-silicon looks set to climb higher to a near record-high since Fastmarkets started assessing the price more than 24 years ago due to firm fundamentals, industry sources said.The European spot delivered price is gripped between tight supply and strong demand from steelmakers, while market focus is on expectations of renewed demand from consumers in early June for thei...Read More