Gold has big year in 2020 and outlook for this year robust. Learn about monetary expansion and gold future prices.Read More
The gold futures price reached US$1,767/ounce this week before retreating, which was the second time it has surpassed US$1,760 in the past two months, marking some of gold's highest levels in several years.Read More
Battery-grade lithium prices in the seaborne Asian market broadly continued to follow the strong momentum previously seen in the domestic Chinese market, although upward movement there has been tempered since mid-March.The battery-grade lithium hydroxide price in the seaborne Asian market jumped by 9.5% week on week due to increasingly tight supply and firm demand. Both lithium carbonate and hydro...Read More
Import activity in the South American flat-rolled steel market was nearly at a halt in the week ended on Friday March 19 due to growing uncertainty about the existing Chinese steel export tax rebate.Many importers have temporarily stopped trading China-origin material due to information that has circulated about possible reductions on China's export tax rebate for steel products, either...Read More
Share this article New Gold Inc. [NGD-TSX, NYSE American] is making a strategic investment in Harte Gold Corp. [HRT-TSX; HRTFF-OTC; H40-FSE] by way of a private placement subscription of 154.9 million common shares priced at 16 cents each.The private placement will result in Harte Gold raising $24.8 million and leave New Gold holding 14.9% of the company's outstanding shares. Closing of the trans...Read More
Demand for flat-rolled steel was strong in Turkey's domestic market, and prices kept increasing during the week ending Friday March 19, sources told Fastmarkets.Hot-rolled coil and cold-rolled coil producers in Turkey were accepting orders to be produced in late July, and several import orders were placed.But production was halted by two automotive producers in Turkey - Tofas (March...Read More
The No. 1 investment trend of 2020 is still booming and is now on pace to smash its previous record set last year for cash inflows. SPAC mania isn't going anywhere anytime soon. Irrational exuberance is spiking sharply in this section of the market. I see numerous warning signs telling me this bubble is going to burst in spectacular fashion and soon.Some recent data compiled on SPACs sheds light...Read More
The never-before-seen measures meted out by China's Tangshan provincial government could cut hundreds of thousands of tonnes per day in steel output and hit raw material demand in 2021, market sources told Fastmarkets. Tangshan's environmental protection office said on Friday March 19 that it is looking to tighten its grip on air pollution in the city, especially after it found that not all s...Read More
Indian domestic secondary billet prices fell by 100-200 rupees ($1-3) per tonne during the week to Friday March 19 on fewer inquiries and weakness in prices for finished products such as rebar.Fastmarkets' assessment of steel billet domestic, ex-works India was 38,500-38,800 rupees per tonne on Friday, down 100-200 rupees from 38,700-38,900 rupees per tonne ex-works last week."There will be a...Read More
Domestic rebar prices in Poland were largely supported over the week to Friday March 19 and sources said they expect continued good end-user demand and higher scrap values to lead prices higher. Rebar In the secondary market, buying activity was reported to be quite good during the assessment period, with some trading sources expecting March to be a record sales month for them, Fastmarkets heard....Read More
The never-before-seen measures meted out by China's Tangshan provincial government could cut hundreds of thousands of tonnes per day in steel output and hit raw material demand in 2021, market sources told Fastmarkets. Tangshan's environmental protection office said on Friday March 19 that it is looking to tighten its grip on air pollution in the city, especially after it found that not all s...Read More
Trading activity in the United States' pig iron import market remained muted but firm during the week to Friday March 19, sources said.Fastmarkets' price assessment for pig iron, import, cfr Gulf of Mexico, US was $570 per tonne on Friday, unchanged from the previous week.Several sources put offers for material originating from the Commonwealth of independent States at $560 per tonne cfr and...Read More
No new deals were reported in the pig iron export market from Brazil during the week to Friday March 19, with the market remaining firm.Fastmarkets' price assessment for pig iron, export, fob port of Vitoria/Rio, Brazil was $520 per tonne on Friday, unchanged since March 5.Offers of pig iron for May-June shipment were reported...Read More
Global steel scrap prices continued to fall over the week ended Friday March 19, with market participants battling against the disruptions in the bulk freight sector.Turkey goes quiet despite rise in available cargoesUS sellers expect Turkey to return for scrap soonLack of free vessels hobbles Vietnam import businessBuying slows in China amid weaker appetite for scrapSellers to Taiwan resist furth...Read More
The never-before-seen measures meted out by China's Tangshan provincial government could cut hundreds of thousands of tonnes per day in steel output and hit raw material demand in 2021, market sources told Fastmarkets. Tangshan's environmental protection office said on Friday March 19 that it is looking to tighten its grip on air pollution in the city, especially after it found that not all s...Read More
Concerns about a fresh Covid-19 lockdown in the Philippines are limiting the prices that most buyers are willing to pay for imported steel billet, market participants told Fastmarkets on Friday March 19.Philippine steel demand was severely affected last year during the country's lockdown periods and sources believe a repeat of this situation could come soon after daily Covid-19 cases soared to an...Read More
Key data from the pricing session in London on Friday March 19. Key drivers:Prices for ferro-molybdenum and molybdic oxide continued to decline amid ample availability and slow consumer demand for the former; and trader selling for the latter, following...Read More
Todd Horwitz - known as Bubba - is chief market strategist of BubbaTrading.com. He is a regular contributor on Fox, CNBC, BNN, Kitco, and Bloomberg. He also hosts his daily podcast 'The Bubba Show.' He is a 36-year member of the Chicago exchanges and was one of the original market makers in the SPX.Read More
In a Stansberry Investor Exclusive, our Daniela Cambone speaks with Gerard Barron, CEO of The Metals Company, formerly called Deep Green Metals, and billionaire philanthropist Frank Giustra, a strategic advisor on the project. The company is looking to scour the ocean floor for battery metals found in nodules created by mother nature. Over the next thirty years, the global population is set to exp...Read More
For any problems they face, governments all over the world are now conditioned to simply deficit spend or issue new $trillions in 'thin air' currency.So how in danger are we of that recklessness leading to a breakdown of the entire system?Respected financial analyst Michael Every suspects we're closer than most realize.Adam Taggart is the President and Co-Founder of Peak Prosperity. He wears many...Read More
David Morgan is a world-renown precious metals aficionado. He is the creator of TheMorganReport.com, a monthly report that covers economic news, overall financial health of the global economy, currency problems and the key reasons for investing in precious metals. A dynamic, much-in-demand speaker all over the globe, David's educational mission also makes him a prolific author, having penned Get t...Read More
Andy Schectman expects a continued awakening among young people realizing the value of silver.0:00?EUR< Intro0:49?EUR< Fed's meeting5:18?EUR< What is real inflation?8:18?EUR< Silver stacking becoming mainstream13:42?EUR< Why don't producers keep their silver?17:06?EUR< Could silver overtake gold?Andy Schectman is the President and CEO of Miles Franklin Ltd. Precious Metals.Read More