Brazilian flat steel producers have announced a price increase of at least 10% on all their products, because of a lack of material at a time of steady demand, Fastmarkets heard on Monday September 14.While most market participants expected increases in the range of 10-13% for October, some have reported price increases of 15%. The latest price changes add to a series of rises that started in July...Read More

There are times to keep being focused on highertimeframes, yet the finer ones do send valuable signals at times too. Andtoday, every precious metals investor better pay attention to their message.Take a look at the below chartfeaturing the miners. We will compare the juniorminers to what GLD ETF and SPY did. The latter are ETFs representing gold and the S&P 500. Wezoomed in to the 2-hour char...Read More

The recent economic reports show that the current coronavirus crisis will be bigger than the Great Recession. What does it imply for the gold market? US Economic Data Paints a Gloomy PictureThis week was full of new reports about the US economy. And guess what, I don’t have good news… First of all, let’s start with the update about the weekly initial unemployment benefits. In no...Read More

After a long term bear market in most commodity related stocks we are starting to hear analyst talk about inflation. From a Chartology perspective the deflationary scenario is still in play but how much lower can this sector go? In tonights Weekend Report, I’m going to update some long term commodity charts we’ve been following for years to see where they are currently trading in their...Read More

Here are five Fastmarkets stories you might have missed on Friday April 24 that are worth another look.Anemic demand stemming from the Covid-19 pandemic resulted in another round of import price decreases for flat-rolled steel in South America, with the majority of customers reported as skipping orders for June shipments, market sources said.When the oil price fell into negative price territory at...Read More

The new coronavirus has already infected the global economy. The global lockdown means that recession is inevitable. The central banks all over the world have stepped in, including the Fed, cutting interest rates and pumping liquidity into the system. We invite you thus to read our today’s article about the monetary policy in time of plague and find out what the fresh central banks’ ba...Read More

Even the most casual silver investor must be discouraged with what has happened to silver prices recently. But what about those who were/are super bullish? How do they feel?As I read various reports and articles, I sense some back peddling on the more extreme predictions which were so prevalent just shortly more than a month ago. On the other hand, I also sense a reluctance to let go; to just admi...Read More

By: Ira EpsteinGold monthly chart shows Bollinger band resistance around $1703. Momentum is strong. Weekly gold has 18-week MA around $1,600+ and the bullish pattern is shown well on the weekly..Read More

Imagine, if you will, there was nocoronavirus. No haz-mat suits, medical masks & gloves, no make-shiftmorgues. No terminally ill patients hooked up to ventilators, no horribledeaths without love ones close, no lockdowns, no social distancing, no desertedstreets, no bailouts, no emergency wage supplements, just a regular spring withbirds chirping and flowers blooming. Of course there is no...Read More

The greenback exerts powerful influence on theprecious metals – that has been the case yesterday, and it unsurprisinglycontinues to be so also today. So, what message is the USDX sending out rightnow?USD Index in the SpotlightWe’ll open up with a quote from yesterday’sAlert (by the way, please remember that all charts areexpandable/clickable):Looking at the 4-hour candlestickchar...Read More

Here are five Fastmarkets stories you might have missed on Friday April 24 that are worth another look.Anemic demand stemming from the Covid-19 pandemic resulted in another round of import price decreases for flat-rolled steel in South America, with the majority of customers reported as skipping orders for June shipments, market sources said.When the oil price fell into negative price territory at...Read More

The metals markets are being pulled in multiple directionssimultaneously like never before. The global virus-triggered economic freezehas caused industrial demand for all commodities to crater. At the same time, mining output is also crashing as virus fearsforce many mines around the world to suspend operations.What is the “right” equilibrium price for copper, silver, go...Read More

One of the many bothering issues about the coronavirus crisis, is whether it will turn out to be inflationary or deflationary. What do both of these scenarios mean for gold ahead?US Inflation Rate Declines in MarchMany people are afraid that the coronavirus crisis will spur inflation. After all, the increased demand for food and hygiene products raised the prices of these goods. Moreover, the supp...Read More

Our Adaptive Fibonacci Price Modeling system incorporates anintelligent “Inference Engine” into internal decision-making and futureanalysis.  This type of “Adaptive Learning”is one of the core elements of Artificial Intelligence – the ability to readinputs, adapting to price structures and setups and infer expectedoutcomes/results based on a complex decision-maki...Read More

Due to several recent events, including a price war initiated by Russia, the price of oil has declined to record-low levels these past couple of weeks. Subsequently, the price decline resulted in a massive worldwide panic which pushed the price down even further. While the panic might reasonable and based on a real fear of what the situation might lead to, there are still ways that investors can p...Read More

Recent shifts in the markets suggest gold prices are about to breakout in the same manner as they did over the summer last year.The price of gold is a small distance away from the March highs ahead of the North American open on Monday and a fresh seven-year high looks to be probable.Many factors impact the price of gold but there are few specific things that I am looking at that lead me to believe...Read More

RAPAPORT... Christie's garnered $1.4 million from its Jewels Online sale, selling 100% by value.An emerald and diamond necklace from Graff's Icon collection was the top lot, fetching $52,500, against a high estimate of $15,000, the auction house said Friday. The piece contains 71 round diamonds weighing a total of 2.99 carats and 11 pear-shaped, and nine round, emeralds. A pair of emerald and...Read More

RAPAPORT... The National Retail Federation (NRF) is predicting a 1.5% increase in US consumer spending on jewelry this Mother's Day, despite financial pressures arising from COVID-19.Americans will shell out $5.27 billion on the category this year, compared with $5.19 billion in 2019, the trade organization reported last week. Jewelry will retain its position as the top-grossing item for the...Read More

RAPAPORT... A gem-set, diamond and enamel tutti frutti bracelet by Cartier is to go under the hammer in Sotheby's latest online sale.The piece, which has a high estimate of $800,000, will be sold as a single lot by Sotheby's New York in a dedicated remote auction. It features a selection of old European and single-cut, VS- to SI-clarity, F- to I-color diamonds, weighing a total of approximate...Read More

RAPAPORT... Gem Diamonds will recommence full operations at its Let??eng deposit in Lesotho after the government permitted the mining sector to reopen despite a national lockdown.The company will start production on Monday, implementing special health-and-safety measures to prevent the spread of COVID-19, it said last week. The government reached its decision after weighing up the impact of a...Read More