Peloso's Wall is massive. Suddenly walls now work and they areContinue...Read More
Here are five Fastmarkets stories you might have missed on Monday February 15 that are worth another look.The Gulf Co-operation Council (GCC) believes that a recent increase in the imports of certain steel products could pose a threat to domestic industry, according to a document seen by Fastmarkets, in which the group's Technical Secretariat recommended imposing a safeguard duty on...Read More
Steel companies ArcelorMittal and Ovako have both begun to offer the first certified "green steel", following increased scrutiny on emissions from customers, the two companies announced separately. ArcelorMittal ArcelorMittal Europe is offering green flat steel products using a system of certificates which are linked to the tonnes of CO2 savings achieved through the company's investment in decarbo...Read More
LONDON, 10 February 2021 - Comment from BullionVault features today in a report on the surging price of platinum from US financial news-site MarketWatch.Power shutdowns in the metal's No.1 producer South Africa have added $100 per ounce to its, says director of research Adrian Ash.Read the full story at MarketWatch here:Platinum, copper rally to multiyear highs as bets on economic recovery lift in...Read More
LONDON, 3 February 2021 - Young investors in Germany are turning to precious metals at a phenomenal rate according to the highly-respected Frankfurter Allgemeine Zeitung newspaper, citing figures from BullionVault."Latest data from the international online trading platform show a remarkable change in the age group," says the FAZ report online. "The number of 18 to 25 year olds from Germany who tr...Read More
Here are five Fastmarkets stories you might have missed on Monday February 15 that are worth another look.The Gulf Co-operation Council (GCC) believes that a recent increase in the imports of certain steel products could pose a threat to domestic industry, according to a document seen by Fastmarkets, in which the group's Technical Secretariat recommended imposing a safeguard duty on...Read More
Tesla has supported the price of Bitcoin, but it can affect gold as well.The bull market in cryptocurrencies continues. As you can see in the chart below, the price of Bitcoin has recently increased to almost $47,000 (as of February 10). The parabolic rise seems to be disturbing, as such quick rallies often end abruptly. However, it’s worth noting that the price of Bitcoin has partially jump...Read More
Steel companies ArcelorMittal and Ovako have both begun to offer the first certified "green steel", following increased scrutiny on emissions from customers, the two companies announced separately. ArcelorMittal ArcelorMittal Europe is offering green flat steel products using a system of certificates which are linked to the tonnes of CO2 savings achieved through the company's investment in decarbo...Read More
The average energy investor is by now well aware of the sector's monumental shift from fossil fuels to renewable energy. Coal-powered power plants have been shuttering at an alarming clip as the price of electricity from natural gas and renewables undercuts them while wind and solar generation continue to gain the ascendancy.But nowhere has this change been as dramatic as the transport industry, w...Read More
The world is awash in debt, an immense, unfathomable ocean of financial obligations. The stack of IOUs is so enormous, the balances so large, they will never be fully settled without dreadful consequences to the global economy. This tsunami of debt was unleashed in 1971, when Nixon ended the backing of the US dollar with gold.Since 1971, US debt and gold price have increased greatly. Traditionally...Read More
If you were not paying attention, Platinum began to rally much higher over the past 3+ days – initiating a new breakout rally and pushing well above the $1250 level. What you may not have noticed with this breakout move is that commodities are hot – and inflation is starting to heat up. What does that mean for investors/traders?Daily Platinum Chart Shows Clear Breakout Tren...Read More
Here are five Fastmarkets stories you might have missed on Monday February 15 that are worth another look.The Gulf Co-operation Council (GCC) believes that a recent increase in the imports of certain steel products could pose a threat to domestic industry, according to a document seen by Fastmarkets, in which the group's Technical Secretariat recommended imposing a safeguard duty on...Read More
Domestic prices for steel hot-rolled coil in Northern Europe started to move up at the end of the week to Friday February 12, supported by good order books at domestic producers and solid demand.Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe, at ?,?720.00 ($872.58) per tonne on Friday, up by ?,?10 per tonne week on week and up by ?,?32 per tonne month o...Read More
Tin's London Metal Exchange three-month price closed 3% higher on Monday February 15 at $24,385 per tonne, while the rest of the base metals prices continued to capitalize on bullish momentum with new year-to-date highs for all metals except for zinc. The tin price extended to $24,895 per tonne around midday, rising by some $1,000 in one hour. The short squeezing has resulted in the highest price...Read More
Tightening availability and rising prices of tungsten scrap and tungsten concentrate have supported the tungsten intermediates price to rise to its highest level in almost two years. Fastmarkets assessed the tungsten APT, 88.5% WO3 min, cif Rotterdam and Baltimore price at $250-255 per mtu on Friday February 12, unchanged from the previous week's assessment but up almost 9% from the start of...Read More
Here are five Fastmarkets stories you might have missed on Monday February 15 that are worth another look.The Gulf Co-operation Council (GCC) believes that a recent increase in the imports of certain steel products could pose a threat to domestic industry, according to a document seen by Fastmarkets, in which the group's Technical Secretariat recommended imposing a safeguard duty on...Read More
Tin's London Metal Exchange three-month price closed 3% higher on Monday February 15 at $24,385 per tonne, while the rest of the base metals prices continued to capitalize on bullish momentum with new year-to-date highs for all metals except for zinc. The tin price extended to $24,895 per tonne around midday, rising by some $1,000 in one hour. The short squeezing has resulted in the highest price...Read More
Even with Chinese market participants on holiday, base metals prices on the London Metal Exchange have for the most part been bullish on Monday February 15, with the exception of zinc. Major western pre-market equity index futures were stronger. The dollar index was on a back foot while United States 10-year treasury yields were firmer, suggesting risk-on. Base metals The three-month zinc pri...Read More
They're questioning everything...by David Morgan of The Morgan ReportSilver and the Silverbacks | https://www.themorganreport.comWatch this video on Silver and the Silverbacks, then please share with your friends and family on social media and use the caption: Silver and the Silverbacks.Let My Passion Create Your Wealth.I've Been Helping My Subscribers Weather the Current Economic Mess. Now I Inv...Read More
What happens next is all up to the physical buyers...by J. Johnson via JS MinesetGreat and Wonderful Monday Morning Folks, It's our President's Day Holiday for most, yet money rarely sleeps, with April Gold down $2.70 with the trade at $1,820.80 recovering from the low of $1,815.50 with the high at $1,827.10. Silver is not following protocol with the trade at $27.69, up 36.2 cents from t...Read More