Gold prices kicked off 2021 climbing to a two-month high, up 2.25% to $1,937 an ounce at last look.The yellow metal is digesting several different pieces of news this morning, including reports that Japan is poised to declare a "state of emergency" for the second time in the COVID-19 pandemic and a sharply lower U.S. dollar.Japanese Prime Minister Yoshihide Suga told reporters, "We, as the governm...Read More
Key data from the pricing sessions in Europe, Asia and the United States for the week ending Friday January 1.China Both low-and high-grade manganese ore indices were published on Monday January 4 as per Fastmarkets' holiday pricing schedule. Seaborne manganese ore prices were little changed amid thin activity...Read More
Sustainable mining of lithium - a critical raw material in the manufacturing of lithium-ion batteries that also plays a pivotal role in vehicle electrification - has come under increased scrutiny over the past year amid an accelerated shift toward electric vehicles (EVs).This has prompted a raft of lithium incumbent and junior miners to disclose their environmental commitments over the course of 2...Read More
Here are five Fastmarkets stories you might have missed on Monday January 4 that are worth another look.News of Covid-19 vaccines being distributed and administered around the world has boosted sentiment in Asian economies, with steel markets in the region seemingly upbeat on prospects in 2021.Sustainable mining of lithium - a critical...Read More
There was limited spot liquidity in the import market for steel hot-rolled coil in Vietnam over the holiday period at the end of December 2020.There were almost no inquiries from Vietnamese buyers, who were mostly waiting for the new year to begin and show a clearer indication about price trends before they entered the spot market again, Fastmarkets heard on Monday January 4.The recent falls in ir...Read More
View the Fastmarkets holiday pricing schedule for 2021-2022.Click on the image below to view the Fastmarkets holiday pricing schedule for base metals, minors, ores & alloys and industrial minerals, and ferrous prices for 2021 and 2022. If you have any questions about Fastmarkets' pricing calendar, please contact Fastmarkets global base metals editor Juliet Walsh at juliet.walsh@fastmarke...Read More
The export market for long steel products from the Commonwealth of Independent States (CIS) was quiet during the week to Monday January 4 because of seasonal holidays, but with sentiment remaining upbeat, sources have told Fastmarkets.Most CIS steelmakers were out of the market for New Year and Christmas breaks, sources said.There will be public holidays in Russia from January 1 to January 11. And...Read More
As competition in the global steel markets remains fierce, Fastmarkets provides an update on the new, progressing and closed trade cases from around the world in December 2020.The case list below includes only updates. For other continuing cases this...Read More
John Rubino returns to the show to discuss where the markets are headed in 2021. Is this year for the devastating market crash many have been anticipating? Is the downfall of the U.S. dollar upon us? What might be some of the best trades in 2021? If the current economic system collapses will verifiable stock and asset ownership translate into the new financial system? Where are the precious metals...Read More
The economy will not recover at a rapid pace in 2021, Morgan said, leading investors to flock to safe haven assets. 0:00 - Silver price to outperform in 20213:41 - Outlook on the economy6:18 - The sectors that need silver8:06 - Investment demand for silver10:13 - Silver deficit/surplus13:10 - Inflation16:27- Silver price forecastDavid Morgan is a world-renown precious metals aficionado. He is the...Read More
Seaborne prices climbed on Monday January 4, supported by firm demand in steel and positive sentiment after the New Year holiday, according to sources.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $165.29 per tonne, up $4.82 per tonne62% Fe low-alumina fines, cfr Qingdao: $166.00 per tonne, up $4.58 per tonne58% Fe fines high-grade premium, cfr Qingdao: $149.63 per tonne, unchanged 6...Read More
The Turkish deep-sea scrap markets were quiet at the start of this week due to new year holidays, but purchasing activity was expected to resume soon, market sources said on Monday January 4.Turkish steelmakers have been silent in the deep-sea markets since December 24, when a steel mill in the Marmara region booked a Baltic Sea cargo containing 30,000 tonnes of shredded scrap at $480 per tonne cf...Read More
Gregory Mannarino started his career working for the securities and trading arm of the now defunct Bear Stearns before the dot-com bubble. After realizing that working on Wall Street was not like the movies, he moved on to get a medical degree and practiced medicine as a Physician Assistant. He also served in the United States Naval Reserve Medical Service Corps, having attained the rank of Lieute...Read More
Now that Christmas is over and done with many stores will strongly consider liquidating remaining inventories, if they can, and then closing down locations and/or shutting down or going bankrupt. After Christmas your mall might vanish - but it may also be reborn https://finance.yahoo.com/news/after-...2 Restaurants Owners From California & Michigan Reveal Impact of Shutdowns https://youtu.be/iHTH5...Read More
0:00 Introduction0:45 2020 mining stock pick disappointment #14:55 "I was wrong about being wrong"6:11 2020 mining stock pick disappointment #210:44 2020 mining stock winner #116:34 2020 mining stock winner #220:31 2021 mining stock pick #127:05 2021 mining stock pick #232:49 Why subscribe to the Mining Stock Journal?Dave Kranzler is the editor of the Mining Stock Journal and returns to the progra...Read More
Mohamed El-Erian, chief economic advisor at Allianz and Gramercy, joined "Squawk Box" on Monday to discuss what Fed and government moves may help the economy and the markets in 2021.Mohamed El-Erian is the Chief Economic Adviser of Allianz, a multinational financial services company. He is the former CEO and co-Chief Investment Officer of PIMCO, a global investment firm and one of the world's larg...Read More
World Economic Forum Founder and Executive Chairman Klaus Schwab has proposed using the overreaction to coronavirus to launch a worldwide "Great Reset." This Great Reset is about expanding government power and suppressing liberty worldwide.Schwab envisions an authoritarian system where big business acts as a partner with government. Big business would exercise its government-granted monopoly power...Read More
Join Robert Kiyosaki for this training where he says you are getting ripped off and don't even know it yet! He is joined by financial watchdog Edward "Ted" Siedle. Together they are going to prepare you to not only be aware of, but how to avoid challenges that are looming ahead. We will also have a special guest who is a regular tax-paying employed worker getting screwed by the system. We are goin...Read More
Technical analyst Clive Maund charts silver and explains why he believes the metal is primed to move much higher. The silver setup could scarcely look better. We have already seen in the parallel Gold Market update how gold is in position to slingshot vertically higher out of a giant Bowl pattern, having already made new highs last year. While silver's chart does not look as strong as gold's yet...Read More
Michael Malice is a political thinker, podcaster, and author.OUTLINE:0:00 - Introduction3:25 - Conversation with Alex Jones and Tim Pool12:10 - Michael's outfit20:31 - Self-publishing a book30:19 - The white pill41:43 - What did the volcano say to his true love?43:06 - Myth of Sisyphus46:47 - Journalism failed to stop Stalin and Hitler54:31 - Good Germans58:27 - Richard Wolff1:01:58 - Could United...Read More