Prices for seaborne low-grade and high-grade manganese ore were on divergent paths in the week ended Friday November 8, with the former continuing to trend downward on persistently weak market sentiment while the latter experienced a slight rebound following a number of large-volume deals.Fastmarkets' manganese ore index 37% Mn, cif Tianjin dropped by 10 cents week on week to $3.25 per dry metric...Read More

An overview of the minor metals markets and their latest price moves.Read More

Turkish steel producers have continued their deep-sea scrap purchases for December deliveries at steady prices, sources said on Wednesday November 13.A steel mill in the Marmara region booked a Baltic Sea cargo, comprising 25,000 tonnes of HMS 1&2 (80:20) at $262 per tonne and 5,000 tonnes of bonus at $272 per tonne cfr.A Monday booking from...Read More

Markets in general are under pressure following United States President Donald Trump's speech at the Economic Club of New York on Tuesday November 12, where he failed to provide any reassurance that a trade deal had been reached with China; indeed, Trump even threatened that tariffs would be "raised very substantially" if a deal was not reached.Gold prices and US treasuries rise while demand for h...Read More

Forget light speed; Iran went straight to ludicrous speed.When Iranian President Hassan Rouhani took to the podium over the weekend and announced the discovery of one massive new oil field, the press ate it up.The media was loving it.I called bullshit. Don't get me wrong, dear reader. When it comes to oil, OPEC has been an absolute powerhouse for 60 years.Five countries came together and founded t...Read More

The buzz is all buzzed out, and all the hoopla hooped out.There is no hype surrounding solar anymore.These days solar energy mostly gets lumped together with other fossil fuel alternatives and tossed around in discussions about climate change.The parade for solar energy is over.But now the real game can begin.Because despite the lack of media fanfare, the solar industry is quietly booming.Accordin...Read More

Ascot Resources Ltd. (TSX: AOT, OTCQX:AOTVF), a Vancouver based, junior exploration company, is focused on re-starting the past-producing, historic, Premier gold mine, once North America's largest gold mine, located in British Columbia's Golden Triangle. We learned from Derek White, President and CEO of Ascot, that after the acquisition of the Red Mountain and the Silver Coin projects, the Company...Read More

The European market for domestic hot-rolled coil has been quiet over the past week with domestic steelmakers taking a step back from trading activity but expected to return with higher offers soon, sources told Fastmarkets on Wednesday November 13.And the anticipated offer rise was expected to be at least partially accepted by buyers, the sources added.The positive mood in the market was backed up...Read More

China's hot-rolled coil prices gained more strength on Wednesday November 13 on improved domestic demand, which encouraged exporters to keep offers high.DomesticEastern China (Shanghai): 3,550-3,560 yuan ($507-508) per tonne, up 40 yuan per tonneNorthern China (Tangshan): 3,530-3,540 yuan per tonne, widening upward by 10 yuan per tonneDemand in eastern China picked up during the day, which some se...Read More

Export prices for Chinese plate softened over the past week after a major mill bucked the trend and undercut the rest of its peers.Fastmarkets' price assessment for December/January shipments of steel heavy plate export, fob China main port was $435-450 per tonne for the week ended Tuesday November 12, widening downward by $5 per tonne from $440-450 per tonne fob a week earlier.While export offers...Read More

Here are five Fastmarkets MB stories you might have missed on Wednesday November 13 that are worth another look.The London Metal Exchange is seeking to launch a new cash-settled main Japanese ports (MJP) aluminium premium contract settled against a Fastmarkets price, the exchange said on November 13.Low demand for long steel products such as rebar was at the root of the problems facing the steel i...Read More

Steel producers in Turkey expect output to increase in the last quarter of 2019, the Turkish Steel Producers' Association (T???oeD) said on Wednesday November 13.Turkey produced 25.29 million tonnes of crude steel in January-September 2019, down by 10.09% from 28.12 million tonnes in the corresponding nine-month period of last year.This meant that Turkey recorded the highest rate of decrease among...Read More

The price of steel wire rod in Europe has remained stable this week despite recent substantial increases in the price of ferrous scrap, Fastmarkets heard on Wednesday November 13.Fastmarkets' weekly price assessment for steel wire rod (mesh-quality), domestic, delivered Northern Europe, was ?,?430-450 ($474-496) per tonne on November 13, unchanged week-on-week.The corresponding price assessment on...Read More

Mike Henry has been named chief executive officer and executive director of BHP, effective from January 1, 2020.Henry will succeed Andrew Mackenzie, who retires as CEO on December 31, the Australian miner said early on Thursday November 14.Henry has served as...Read More

- Craig Hemke, TF MetalsWith the expected price pullback underway, what can we expect for the remainder of the month and into year-end? Will the price action continue to resemble 2010, or will it play out more like 2016 instead?As we've discussed each of the past two weeks, the current selloff/pullback in COMEX gold and silver is as unsurprising as it was unavoidable. The COMEX market-making Ban...Read More

Forecasts, Commentary & Analysis on the Economy and Precious MetalsCelebrating our 46th year in the gold businessNovember 2019"I'm no insect. Gold is a great way to make a lot of money." - Thomas Kaplan, Electrum GroupMichael J. Kosares, USA Gold2020 visionFive charts to contemplate as we prepare for the new year1. Gold's annual returns 2000 to presentIn the February edition of this newsletter,...Read More

- Gary TanashianGlobal central banks have been pumping the liquidity spigots 24/7 and the US Fed is starting to go that way as well. This during a time of supposed economic splendor and fruitfulness (it is these contradictions that are the windows into a ginned up, leveraged economy dependent on monetary policy) while the S&P 500 breaks through the bull turnstile to blue sky.A real economy and...Read More

Dear Friend of GATA and Gold:A U.S. representative who, without much result, has been pressing the Treasury Department, Federal Reserve, and Commodity Futures Trading Commission (CFTC) with questions about the gold and silver markets has asked Attorney General William P. Barr to try to get answers from the commission.In a letter dated November 1 and made public today, the U.S. representative, Al...Read More

- Stewart Thomson, Graceland Updates 1. It doesn't take much downside price action to make gold investors nervous, or much upside price action to make greed appear.2. It's probably true that no fever is like gold fever!3. To reduce these swings in emotion, my suggestion is for investors to do most of their buying and selling at major support and resistance zones....Read More

- Gary Christenson, The Deviant InvestorPresident Roosevelt made owning gold for American citizens, with minor exceptions, illegal in 1933. See Executive Order # 6102. Begin the DOW to gold ratio analysis in 1933.Many people have discussed the Dow to gold ratio. It fell from over 40 in the year 2000 when the DOW (11,750) was expensive, and gold sold for less than $300. In those days paper asse...Read More