"The Fed's severely adverse scenario for GDP imagined a decline of "8 1/2 percent from its pre-recession peak, reaching a trough in the third quarter of 2021."Continue...Read More
"Regular consumption of even small amounts of the heavy metal over extended periods increases the risk of cardiovascular disease, certain cancers, and lower IQ scores in children, and poses Continue...Read More
"Here in the United States, it's going to be black people who really should get it first and many indigenous people, as well as people with underlying symptoms, and then elderly people."Continue...Read More
"This is an important snapshot of the brain-related complications of COVID-19 in hospitalised patients. It is critically important that we continue to collect this information to really Continue...Read More
My regular readers know why I believe the gold price is poised to move from its current level of around $1,760 per ounce to $2,000... $3,000... and beyond.Continue...Read More
"These patterns say gold can make a new all-time high in the (second half of 2020) with Q3 on our mind."Continue...Read More
A Laurentian Bank Securities report notes Troilus Gold's new drill results from the final holes of its latest drill campaign demonstrate expansion potential. In a May 14 research note, Laurentian Bank Securities analyst Jacques Wortman wrote that new drill results from the Southwest Zone (SWZ) of Troilus Gold Corp.'s (TLG:TSX; CHXMF:OTCQB) Troilus project in Quebec "demonstrate expansion potentia...Read More
Key data from the pricing sessions in Asia, Europe and the United States during the week ending Friday June 26. China The domestic market was propelled higher by continued tight availability, with increased spot demand from mill restocking ahead of the Dragon Boat Festival holiday on June 25-27.Export prices followed the domestic market up, despite major suppliers admitting...Read More
Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort308,45956,50247,555114,410401,702470,424505,759Change from Prior Reporting Period 31,0643,4551,4683,48832,76036,02037,683Traders22560695457305163 Small Speculators LongShortOpen Interest 61,67726,342532,101 6,5184,85542,538 non reportable positionsChange from the previous reporti...Read More
By: Ira EpsteinGold weekly chart shows $16+ for the week going into Friday. $1785 area still the resistance, will be looking at this..Read More
Striking workers have put all industrial action at Tata Steel IJmuiden on hold until Friday June 26 to negotiate with management, Dutch trade union FNV Metaal said this week. All industrial action at Tata Steel IJmuiden has been temporarily stopped until Friday 1 pm local time after the company invited unions to the negotiation table, FNV said on Wednesday. "Due to the pressure of the strikes, the...Read More
Here are five Fastmarkets stories you might have missed on Tuesday June 23 that are worth another look.A recent resurgence of Covid-19 infections in Beijing led to some jitters in China's steel sector in the initial stages of the outbreak, but market participants do not expect this second wave to leave much of an impact on the industry.The aluminium duty-paid market in Europe is set to come under...Read More
Sales of passenger cars in the EU will fall by 25% year on year in the full 2020 because of the Covid-19 pandemic, the European Automotive Manufacturers Association (ACEA) said on Tuesday June 23.The major economic crisis facing the auto industry will see car sales in the European Union tumble by more than 3 million units, with only 9.6 million units expected to be sold this year, compar...Read More
Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort308,45956,50247,555114,410401,702470,424505,759Change from Prior Reporting Period 31,0643,4551,4683,48832,76036,02037,683Traders22560695457305163 Small Speculators LongShortOpen Interest 61,67726,342532,101 6,5184,85542,538 non reportable positionsChange from the previous reporti...Read More
Bob KirtleyIntroductionWe are presently enduring a period of great change due to the Coronavirus which has already cost many lives and inflicted untold damage to the global economy.Alongside the damage caused by this virus the world has also entered a recession having been through an eleven-year period of expansion.To make matters worse many nations are shouldering massive debts raising question...Read More
By: Ira EpsteinGold weekly chart shows $16+ for the week going into Friday. $1785 area still the resistance, will be looking at this..Read More
An overview of the minor metals markets and the reasons for their latest price moves.Read More
One year on from taking Nyrstar private, Trafigura chief financial officer Christophe Salmon says the trading firm "made the right choice" by committing $2.9 billion in capital doing so.In a wide-ranging interview with Fastmarkets, Salmon and Nyrstar chief executive officer Daniel Vanin discussed investment, cost reduction and plans of the company, which is the world's second-largest zinc and lead...Read More
The import price for pig iron in China was likely to have reached its peak during the week ended Friday June 26, causing a pause in price growth in the global market, Fastmarkets has heard."The Chinese market is quiet for holidays [on June 25-26], so it's better to wait and see how trade will go after the Dragon Boat Festival," one international trader said. "For the moment, it seems that prices h...Read More
The LME three-month aluminium price was the standout performer on Friday June 26, breaching nearby resistance despite limited turnover, while a steady rise in LME copper futures prompted a tightening of the red metal's forward curve.Aluminium's outright price on the LME closed at $1,601.50 per tonne on Friday afternoon, climbing from an intraday low of $1,571 per tonne, while turnover was lower th...Read More