How will the silver short position be broken?Ted Butler on Palisades Gold RadioTo subscribe to our newsletter and get notified of new shows, please visit http://palisadesradio.ca?EUR
What is it with billionaires and gold?When billionaire Sam Zell warned at the end of December that the dollar’s status as the world’s principal reserve currency was in jeopardy, it nudged something in the back of the mind about the number of billionaires over the past year who issued similar warnings. The wealthiest among us, it seems, are also the most vocal and proactive about the da...Read More
A move through $30 could see silver shoot to $40, and perhaps to $50!by Stewart Thomson of Graceland UpdatesFeb 2, 20211. While gold feels solid and good news is appearing, silver and bitcoin continue to be the private money world's brightest lights.2. Please click here now: https://gracelandupdates.com/wordpress/wp-content/uploads/2021/02/2021feb2gold1.png Double-click to enlarge this...Read More
Don't believe what you read: that the price of physical silver has moved much higher than the price of paper. In fact, it's the...by Keith Weiner of Monetary-MetalsSometimes you can count on the manipulation conspiracy theorists to get it exactly wrong. Not just a little bit wrong, nor halfway wrong. Not even mostly wrong. Totally wrong, backwards.Michael Crichton, in talking about the Gell-Mann A...Read More
Gold and silver continue tobe bullish, the gold miners are mixed and bitcoin continues to outperform. Despitethe unprecedented events of 2020 the precious metals have had a positive year,the pandemic brought volatility to the market with a sharp drop followed by acontinuation of the upward trend that had begun before Covid disrupted ourlives.Unprecendented globalliquidity since the pandemic has be...Read More
Well, it’s been a year like noother in so many ways. “Unprecedented” is an often-overused term. But theretruly is no precedent for much of what transpired in public health, politics,the monetary system, the economy, and markets.More than 300,000 Americansreportedly lost their lives while infected with COVID-19. Less widely publicized was a spike in deathsof despair due to l...Read More
Gold plays a duel role as a commodity and as a monetary metal which makes it important to keep a close eye on. During the early stages of a commodity bull market Gold will generally lead the whole complex higher. When the troops see the General leading they will feel more emboldened to have their turn at a bull market. We’ve seen this scenario playing out since the Spring of this year where...Read More
The supply and demand fundamentals for preciousmetals markets got thrown into disarray this year, leading to heightenedvolatility – first on the downside, then on the upside.Although gold and silver will finish 2020 below their highs for the year, gold is still headed for an annual return of close to 25%; silver around 45%.Can hard assets investors look forward tofurther price appreciation i...Read More
As of Wednesday (Dec. 30) morning,gold is range trading and remains more or less flat as it seeks momentum. As wewait for the precious metals to act on a catalyst, let’s also take a look atthe Euro’s relation to the U.S. Dollar and how both impact gold.Over the last 24 hours, the preciousmetals market did more or less nothing, despite the new daily decline in theUSD Index. The latter i...Read More
The latest forecasts from Fastmarkets' team of analysts are ready to view.This month's key ferro-alloy forecast highlights:?EUR?In a strong start to the year, January saw ore and alloy pricing gains across all markets priced by Fastmarkets - with the exception of Chinese silicon metal export prices, which retreated slightly last month after posting impressive gains in December 2020.The combination...Read More
The latest forecasts from Fastmarkets' team of analysts is ready to view.We spoke in our previous tracker of stainless steel prices ending 2020 on a high. That trend has continued during early 2021 and, in fact, the upward rally in prices has increased its momentum.Compared with the monthly price increase of some 5% seen at the end of 2020, prices for grade-304 stainless steel in al...Read More
Access our research platformsSign-in to our platforms to access our extensive research, our latest insight, data and analytics and to connect to our industry experts.We enter 2021 with many mined commodity prices riding high after recovering from a dramatic pandemic-induced slump in H1 2020. But far from marking a new atmosphere of positivity, the new year brings new questions. How will Chinese po...Read More
Domestic prices for hot-rolled coil across Europe were fairly stable over the week to Wednesday February 3, supported by good order books among EU steelmakers, sources have told Fastmarkets.Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe, at ?,?710.00 ($855.54) per tonne on Wednesday, up by ?,?1.00 per tonne from ?,?709.00 per tonne on February 2.The ind...Read More
Access our research platformsSign-in to our platforms to access our extensive research, our latest insight, data and analytics and to connect to our industry experts.The U.S has increased tariffs on $200bn of Chinese goods to 25%, from 10%, impacting a number of metals. Commentary below comes from the Wood Mackenzie metals team:Copper By Wood Mackenzie Senior Consultant, Yanting Zhou"Previous...Read More
Access our research platformsSign-in to our platforms to access our extensive research, our latest insight, data and analytics and to connect to our industry experts.The outbreak of coronavirus, the oil price crash and the impending global recession present an enormous challenge for energy and natural resources. How are you keeping up with the spread of Covid-19 and its impact on your sector?We&rs...Read More
Access our research platformsSign-in to our platforms to access our extensive research, our latest insight, data and analytics and to connect to our industry experts.The most important driver of the zinc market in 2020 will be the performance of the world’s zinc smelting industry, according to Wood Mackenzie.The easing of trade tensions between the US and China, the struggling manufacturing...Read More
Access our research platformsSign-in to our platforms to access our extensive research, our latest insight, data and analytics and to connect to our industry experts.The coronavirus pandemic has had a massive impact on every part of the global economic system. In response, unprecedented stimulus measures have boosted many countries’ debt-to-GDP ratios to levels not seen since WWII. But even...Read More
Access our research platformsSign-in to our platforms to access our extensive research, our latest insight, data and analytics and to connect to our industry experts.Why is zinc expected to see significantly higher zinc prices later this decade?A spate of scheduled mine closures, an underdeveloped project pipeline and steady demand growth is expected to provide the basis for significantly higher z...Read More
Steel rebar prices in Northern Europe have declined slightly over the past seven days amid a slowdown in buying and a softer scrap market, sources told Fastmarkets on Wednesday February 3.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), domestic, delivered Northern Europe, was ?,?640-660 ($771-795) per tonne on Wednesday, down by ?,?10 per tonne from ?,?650-670 per tonne sev...Read More
RAPAPORT... The All India Gem and Jewellery Domestic Council (GJC) has named Ashish Pethe as its new chairman as part of a shake-up of its leadership team.The council, which represents India's domestic jewelry industry, elected nine new board members, who in turn picked Pethe as chairman, he told Rapaport News this week. His term began on January 1 and will last two years. He succeeds Anantha...Read More