1. Gold looks superb, silver looks better, and the miners look best of all. 2. These are the main facts for investors to keep in mind at this point in "gold bull era" time.3. Please click here now. Double-click to enlarge this "breakout over $1800" gold chart.4. Next, please click here now. Double-click to enlarge yet another breakout chart (silver). S...Read More

Here are five Fastmarkets stories you might have missed on Wednesday July 22 that are worth another look.Russia's largest steelmaker, Novolipetsk Steel (NLMK), has suspended rolling operations at its subsidiary in the Ural region due to a flood, the company said earlier this week.Rio Tinto has formally complained...Read More

First Cobalt is entering the second phase of financing discussions for the recommission and expansion of its currently idled cobalt refinery in Canada, with proposals under review with its financial advisor, Canadian Imperial Bank of Commerce (CIBC).The Canada-headquartered company is contemplating an initial recommissioning of the cobalt refinery in partnership with miner and marketer Glencore be...Read More

Turkish steel producers have continued their deep-sea scrap purchases for August shipments but at slightly higher prices, sources said on Wednesday July 22.A steel mill in the Iskenderun region booked a Baltic Sea cargo, comprising 13,000 tonnes of HMS 1&2 (95:5) at $273 per tonne cfr. The cargo was scheduled to be shipped before August 19.A steel mill in the Marmara region booked US cargo, compri...Read More

First Cobalt is entering the second phase of financing discussions for the recommission and expansion of its currently idled cobalt refinery in Canada, with proposals under review with its financial advisor, Canadian Imperial Bank of Commerce (CIBC).The Canada-headquartered company is contemplating an initial recommissioning of the cobalt refinery in partnership with miner and marketer Glencore be...Read More

We learned from Scott Williamson, Managing Director of Blackstone Minerals (ASX: BSX), that they are looking to restart the past producing, high-grade Ban Phuc nickel mine, located at their, district-scale, Ta Khoa Project in Northern Vietnam. The Ta Khoa Nickel-Cu-PGE Project has existing modern mine infrastructure, built to International Standards, including a 450k tpa processing plant and permi...Read More

Spot payables for cobalt hydroxide continued to rally in the first half of the week that began on Monday July 20, with consumers raising their bids in an effort to secure spot August cargoes, which remained in tight supply.The assessment of the cobalt hydroxide payable indicator, min 30% Co, cif China, % payable of Fastmarkets' standard-grade cobalt price (low end), rose to 70-71.5% on July 22. Th...Read More

Are we finally getting a glimpse of the aftermath of COVID-19?Look, I know it's far too early to suggest that we've gotten past this pandemic.Last Friday, the U.S. reported its highest one-day number of new COVID-19 cases. That day, 75,821 people joined 4 million others in testing positive for the virus.At last count, more than 144,000 COVID-19 deaths have been recorded across the United States.Wo...Read More

Today, on INK Ultra Money we hear from Stanley Druckenmiller understudy Beeneet Kothari who specializes in global technology investments. He believes investors are investing like it is 2023 and dispassionately suggests we are in a multi-decade technology era. When asked to name a stock he likes, he serves up a contrarian idea which we suspect is not a Kyle Bass holding. Watch the premium intervie...Read More

Italian steel re-rollers have been targeting a price increase for heavy plate due to the rising cost of steel slab, sources told Fastmarkets on Wednesday July 22.Fastmarkets' weekly price assessment for steel domestic plate, 8-40mm, exw Southern Europe, was ?,?430-440 ($493-505) per tonne on July 22, up by ?,?10 per tonne week on week from ?,?420-430 per tonne.The assessment was based on achievabl...Read More

Sentiment in the European hot-rolled coil market has been positive despite the seasonal slowdown in activity in the second half of the summer, sources told Fastmarkets on Wednesday July 22.Fastmarkets' daily steel hot-rolled coil index, domestic, exw Northern Europe, was calculated at ?,?407.68 ($467.82) per tonne on Wednesday, up by just ?,?0.01 per tonne from ?,?407.67 per tonne on July 21.Wedne...Read More

Iranian steelmakers produced 7.14 million tonnes of semi-finished products in the first three months of the current Iranian year - March 20 to June 20 - up by 3% annually, the latest Iranian Steel Producers Association (ISPA) report said on July 19.Higher steel slab output reached 3.02 million tonnes in the first quarter, up by 12% year on year, which drove a lot of the reported growth, while stee...Read More

Here are five Fastmarkets stories you might have missed on Wednesday July 22 that are worth another look.Russia's largest steelmaker, Novolipetsk Steel (NLMK), has suspended rolling operations at its subsidiary in the Ural region due to a flood, the company said earlier this week.Rio Tinto has formally complained...Read More

Decreasing ferrous scrap prices and overall weak demand have eroded wire rod spot prices in the United States, Fastmarkets has learned.Fastmarkets' monthly assessment for steel wire rod (low carbon) industrial quality, fob mill US fell to $29-29.50per hundredweight ($580-590 per short ton) on Tuesday July 21, down by 4.1% from $30-31 per cwt last month, when sources indicated the domestic wir...Read More

Hollow steel sections prices in Northern and Southern Europe were unchanged on Wednesday July 22 with much of the market already away for the summer, sources told Fastmarkets. Fastmarkets' price assessment for steel sections (medium), domestic, delivered Northern Europe was ?,?540-560 ($620-642) per tonne on Wednesday, unchanged week on week. The weekly steel sections (medium), domestic,...Read More

Turkish steel producers have continued their deep-sea scrap purchases for August shipments but at slightly higher prices, sources said on Wednesday July 22.A steel mill in the Iskenderun region booked a Baltic Sea cargo, comprising 13,000 tonnes of HMS 1&2 (95:5) at $273 per tonne cfr. The cargo was scheduled to be shipped before August 19.A steel mill in the Marmara region booked US cargo, compri...Read More

Strengths? The best performing precious metal for the week was silver, up 3.24 percent and marking six weeks of consecutive gains. Silver was strong again this week as the metal neared $20 an ounce, a level last seen in September 2016. The metal is up 66 percent from its March lows due to stronger demand for use in solar. Silver is also riding the wave of higher gold prices. ?...Read More

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By Avi Gilburt, ElliottWaveTrader.netIt has been quite some time since I have published an article on gold. Unfortunately, we have become so busy at Elliottwavetrader that I simply have not had the time to publish many public articles.So, as we are approaching an inflection point, I thought it would be an appropriate time to publish a public article.Now, I have to be honest. I am quite disappoi...Read More

1. Gold looks superb, silver looks better, and the miners look best of all. 2. These are the main facts for investors to keep in mind at this point in "gold bull era" time.3. Please click here now. Double-click to enlarge this "breakout over $1800" gold chart.4. Next, please click here now. Double-click to enlarge yet another breakout chart (silver). S...Read More