Global central bank policy has become more supportive for gold.Falling bond yields and inflation rate outlook point to higher gold prices.Gold mining stock improvements are also starting to show up.Throughout the year, reports of gold's demise as a top-performing asset and safety vehicle have proven to be premature. Whenever gold suffers even the slightest of setbacks, the bears have attempted to...Read More

Brazilian import volumes of flat steel products dipped by 22.51% in September 2019 while long steel imports almost doubled, soaring by 96.86%, according to figures from the country's economy ministry.Imports of hot-rolled coil (HRC) from China were only 619 tonnes last month, compared with 15,589 tonnes a year before.Meanwhile, China exported only 2,827 tonnes of cold-rolled coil (CRC) to Brazil,...Read More

Building on recent work on the topic, this article examines rolling returns of Gold, Stocks, and Bonds from the early 1970s to the current period.Over shorter horizons, Gold can outperform stocks 30%-40% of the time, but as that horizon expands to decades, Gold almost always underperforms both stocks and bonds.Gold is likely best deployed tactically in risk-off environments for stocks. Given its l...Read More

Brazilian import volumes of flat steel products dipped by 22.51% in September 2019 while long steel imports almost doubled, soaring by 96.86%, according to figures from the country's economy ministry.Imports of hot-rolled coil (HRC) from China were only 619 tonnes last month, compared with 15,589 tonnes a year before.Meanwhile, China exported only 2,827 tonnes of cold-rolled coil (CRC) to Brazil,...Read More

Risk sentiment in the market has improved remarkably in a short span of time.Productive US-China trade talks, strong corporate earnings, and a UK-EU Brexit deal have brought back investor risk appetite.Gold is firmly bullish, with its technical charts flashing strong Buy signals.An attractive buy entry point into gold would be now, when the market has turned risk-on and when complacency might just...Read More

Turkish steel producers skipped the first working day of the week, with no deep-sea bookings concluded and prices steady, sources said on Monday October 21.As a result of lack of fresh trades, the daily scrap indices remained flat at the beginning of the week.Fastmarkets' daily index for steel scrap, HMS 1&2 (80:20 mix), Northern Europe origin, cfr Turkey, was...Read More

The three-month lead price on the London Metal Exchange was the standout performer on Monday October 21, closing at its highest level since July 2018 and breaching $2,200 per tonne despite moderate turnover. Lead futures on the LME closed at $2,211 per tonne this afternoon, a climb of more than 1.5% against Friday's close of $2,172 per tonne, while some 2,850 lots had been traded by the close, whi...Read More

Gold trades just under $1500 per ounce and continues to correct.Phase one of the trade deal is not a done deal.Brexit looks promising, but still could be a political nightmare.Iran and the Middle East - a hornet's nest.Falling rates are bullish for gold - GDXJ is a leveraged play on gold's upside.Gold broke out above its critical level of technical resistance in June. The price of the yell...Read More

Primary aluminium stocks at the three main Japanese ports (MJP) of Osaka, Nagoya and Yokohama rose by 0.1% month on month in September 2019, according to data released by major Japanese trading house Marubeni Corp on Monday October 21. Aluminium stocks at the three ports totaled 326,700 tonnes on September 30, up 600 tonnes from the end of August, marking the fourth consecutive monthly stock incre...Read More

Fed's action to weaken the U.S. dollar.This is a brief but very important update to my previous post of July 18, 2019, "U.S. Dollar Stronger For Longer".Everyone back into the gold market.Fed's new QE to push US$ down and gold up If it looks like a duck, walks like a duck and quacks like a duck, it is probably a duck. Thus despite the protestations to the contrary by Chairman Powell,...Read More

In India, the festival of lights known as Diwali brings with it a seasonal uptick in gold imports.It is estimated that Diwali accounts for approximately one-fifth of annual gold purchases in India - more than any other time of the year.This year, local gold prices in India have outperformed the S&P GSCI Gold, albeit not as pronounced as in 2013. Regardless, the cultural significance of gold in...Read More

An exodus of capital form the equity market serves as dry powder for the commodity markets.Debt market yields continue to trend lower leaving investors hungry for a low systematic risk asset with potential upside.The Unite States- China trade war creates an environment for global uncertainty, further strengthening the case for investors to seek safety.Intro: Over the past few weeks, gold has stagn...Read More

Here are five Fastmarkets MB stories you might have missed on Monday October 21 that are worth another look.Brazilian apparent steel consumption was down by 6.4% in September, compared with the corresponding month in 2018, with demand retreating for both domestic and imported materials, national industry association Instituto A??o Brasil said on Thursday October 17.Estimated global primary alumini...Read More

These reasons make now a great time to start thinking about silver, BEFORE it becomes popular again!by Simon Black of Sovereign ManIn 663 BC, King Ashurbanipal of the Assyrian Empire invaded Egypt and sacked the city of Waset (located in modern day Luxor on the Nile River).Ashurbanipal vanquished the city, purportedly seizing more than 75 metric tons of silver for his personal collection.At the ti...Read More

Let's put gold, silver, US dollars, fiat currencies, the national debt, price and value into perspective...Editor's Note: David Morgan was interviewed by Silver Doctors on Thursday of this week.*****by David Morgan of The Morgan ReportGold Cover vs. Silver CoverWatch this video on Gold Cover vs. Silver Cover, then please share with your friends and family on social media and use the caption: Gold...Read More

The three-month lead price on the London Metal Exchange was the standout performer on Monday October 21, closing at its highest level since July 2018 and breaching $2,200 per tonne despite moderate turnover. Lead futures on the LME closed at $2,211 per tonne this afternoon, a climb of more than 1.5% against Friday's close of $2,172 per tonne, while some 2,850 lots had been traded by the close, whi...Read More

Seaborne iron ore prices continued to retreat on Monday October 21 to just above $85 per tonne cfr China amid pessimism about prices and margins.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $85.40 per tonne, down by $0.96 per tonne.62% Fe Pilbara Blend fines, cfr Qingdao: $85.05 per tonne, down by $0.35 per tonne.62% Fe low-alumina fines, cfr Qingdao: $84.24 per tonne, down by $0.69 per...Read More

Trading activity in the seaborne coking coal market was muted on Monday October 21, following last week's prices increases.Fastmarkets indicesPremium hard coking coal, fob DBCT: $151.77 per tonne, up $1.04 per tonnePremium hard coking coal, cfr Jingtang: $164.76 per tonne, unchangedHard coking coal, fob DBCT: $129.92 per tonne, up $4.42 per tonneHard coking coal, cfr Jingtang: $142.29 per tonne, u...Read More

The Fission family has over a dozen projects around the rim of the Athabasca Basin. (Image: Fission 3.0)SASKATCHEWAN - Fission 3.0 Corp., based in Kelowna, B.C., has had excellent uranium and gold results from prospecting at Beaver River property on the north-central rim of the Athabasca Basin. The highest grades came from the newly named Trigger zone in the northeast part of the property.Samples...Read More

Export steel slab prices from the CIS region continued to fall this week, under pressure from weak finished flat steel demand in the domestic and export markets.This was despite the reduced availability of slab from Ukraine and Russia amid maintenance works at the major mills.A cargo of Russian slab was sold to a buyer in Turkey at $350-355 per tonne cfr, equivalent to $335-340 per tonne...Read More