Stronger-than-expected United States employment figures on Friday August 6 turned the dollar higher, which weighed on prices, with most base metals weaker this morning, Monday August 9, but gold and silver underwent a 'flash crash' at the start of trading in Asia.Signs of a stronger US recovery weighed heavily on gold and silver on Friday, which led to a chaotic start to trading this morning. US 1...Read More
The Biden Administration has revealed its cards towards the crypto industry, but not everyone on Capital Hill thinks they have a winning hand. Also, a quick win in the Healthcare sector!Biden goes to bat for the oligarchs (photo credit Jon Tyson)Click here to read our latest Insights. Read More
Key data from the Friday August 6 pricing session in London and ChinaKey driversCobalt hydroxide payables fell in the second half of the week to Friday August 6 after a rise on August 4, with a deal reported at a higher level. Most buyers were still reluctant to accept a higher level in the second half of the week considering...Read More
Biden has been dishing out so much government aid lately that some states don't even know what to do with it. The gargantuan $1.9 trillion American Rescue Plan Act (ARPA) is chock-full of funding for every conceivable sector. Recipients have been given a general idea of where the money can be used, but overall it looks like each state will have the final say. Until more information is available,...Read More
Australia-listed junior miner Core Lithium has signed a four-year binding offtake agreement with Chinese major Ganfeng Lithium, the companies announced Monday August 9.Over four years, Core Lithium will deliver 300,000 dry metric tonnes of spodumene concentrate from its Finniss project, at a rate of 75,000 tonnes per year, according to the agreement.Finniss is a lithium mine in development, locate...Read More
The nickel sulfate price remained steady at its highest level in the week to Friday August 6 amid continuous tight supply of raw materials, with LME nickel price volatility keeping market participants on the sidelines, sources said.Fastmarkets assessed the price of nickel sulfate min 21%, max 22.5%; cobalt 10ppm max, exw China at 37,000-38,000 yuan ($5,709-5,863) per tonne on August 6, unchan...Read More
Here are five Fastmarkets stories you might have missed on Monday August 9 that are worth another look.On August 9, there was a blast at Novolipetsk Steel's (NLMK) oxygen plant in Lipetsk, Russia, but it will only have a minor impact on production, the company told Fastmarkets.The trade...Read More
The European hot-rolled coil market remained slow on Monday August 9 due to seasonal factors, sources told Fastmarkets.Buyers and sellers are expected to return to the market in late August or early September, following the traditional market cycle."The market is almost dead - Europe is on holiday and buyers have a wait-and-see attitude," a German distributor said.Traded volumes are unlikely to be...Read More
Trading activity in the European hot-rolled coil market has been low in the week to Friday August 6 due to the start of the summer slowdown.Sufficient buyer stocks and slow August activity have weakened trading but activity should recover between the end of August and the first half of September, sources said.Most domestic producers only had HRC available from fourth-quarter rolling material, whil...Read More
Spot prices for rebar imports in Singapore increased in the week to Friday August 6 on decreasing spot supply and higher offers.A major Indian steel mill offered rebar at $750 per tonne cfr Singapore on a theoretical-weight basis, while a second Indian steel mill offered rebar at $775 per tonne cfr Singapore on a theoretical-weight basis."The first steel mill is not able to guarantee some aspects...Read More
Heavy rain in the upper and middle reaches of the Changjiang River has led to lower activity at construction sites, pushing down spot market rebar prices on Monday August 9.DomesticEastern China (Shanghai): 5,180-5,220 yuan ($800-806) per tonne, down by 20 yuan per tonneHeavy rain in certain parts of Sichuan, Chongqing, Hubei, Hunan, Jiangxi, Guizhou and Yunnan, have had a serious impact...Read More
?>>?To see Lynette's slides and research links from this video: https://www.itmtrading.com/blog/crisi...Lynette Zang has held the position of Chief Market Analyst at ITM Trading since 2002. Ms. Zang has been in the markets on some level since 1964. Her mission is to convert financial noise into understandable language. She has been a banker, a stock broker and studied world currencies since 1987....Read More
Peter Schiff on NewsMax discussing Biden's infrastructure plan. Peter Schiff is an internationally recognized economist specializing in the foreign equity, currency and gold markets. Mr. Schiff made his name as President and Chief Global Strategist of Euro Pacific Capital. He frequently delivers lectures at major economic and investment conferences, and is quoted often in the print media, includin...Read More
John and I discuss the way in which the layaway concept is re-inserting itself into buying procedures; time and time again, individuals are slaves to debt and seek out more methods of borrowing money. We touch upon gold and silver getting whacked due to banks feeling pressure about unemployment rates as well as what the markets will do. However, the stock market is not crashing-and the drop in gol...Read More
Gold saw a dramatic move downward Sunday evening, with the yellow metal falling 5%. The price has recovered on Monday morning, but is still down from Friday's close. Chris Vermeulen, chief market strategist of InTheMoneyStocks.com, said that the bear trend is still intact and that prices could still head lower before a trend reversal takes place. 0:00 - Gold's price action4:34 - Stocks9:00 - Macro...Read More
Lobo Tiggre of The Independent Speculator joins David Lin, anchor for Kitco News, in a discussion about why uranium stocks doubled over the last six months despite the underlying metal remained flat. Tiggre speculates on the next catalysts for gold bull rally.0:00 - Gold10:31 - Uranium Lobo Tiggre, aka Louis James, is a legendary speculator and was Doug Casey's prot?(C)g?(C) at Casey Research for...Read More
Has the situation in Afghanistan become hopeless? Are the Chinese really committing genocide against Uighur Muslims in Xinjiang province? If your only source is the mainstream news, government spokesmen and Congressmen, you may have fallen for the latest lies designed to promote more endless wars. Here's the latest on the cover-ups and lies in the globalist's narratives designed to convince you th...Read More
Is China's largest real estate developer, Evergrande, in big trouble?Will it need a bailout or to be taken over by the Chinese government soon?As China's debt risks grow, here are 3 warning signs to watch https://www.cnbc.com/2021/07/21/as-ch...Opinion: This is your final warning - Chinese stocks listed in the U.S. are dangerous to hold https://www.marketwatch.com/story/thi...Long Evergrande Twitt...Read More
The Senate Armed Services Committee approved last month a National Defense Authorization Act that includes a requirement that women register with Selective Service on their 18th birthday. If the bill becomes law with this provision included and a military draft is reinstated, women will be forced to join the military, and America will have equality in slavery.Proponents of drafting women argue tha...Read More
Imagine thinking having a coffee and showing your vaccine papers to some stormtroopers is a fun, joyful time. French police have started checking covid passes for people having drinks on the terrace of restaurants Continue...Read More