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
An overview of the new energy materials markets and their price moves from the past week.Sybil Pan and...Read More
Here are five Fastmarkets stories you might have missed on Monday April 5 that are worth another look.Prices for seaborne iron ore pellets and concentrate rose in the week ended Thursday April 1 amid ongoing steelmaking restrictions to cut emissions in China's Tangshan region,...Read More
An overview of the new energy materials markets and their price moves from the past week.Sybil Pan and...Read More
Share this article TORONTO - Barrick Gold Corp. [ABX-TSX; GOLD-NYSE] said Monday April 5 that it has noted the statement by Papua New Guinea Prime Minister James Marape announcing an imminent agreement to reopen the Porgera gold mine.Barrick and the government of Papua New Guinea have continued to hold constructive discussions on a framework agreement for the recommissioning of Porgera, which has...Read More
Global lithium markets were generally firm in the week ended Thursday April 1, with domestic Chinese prices rising on fresh restocking by consumers after having been stable for a couple of weeks.Lithium prices in China rise on active restocking while supply remains tight Seaborne Asian lithium prices tick up on persisting tight availabilityEuropean and US prices post further gains on firm prices f...Read More
A new record high for the S&P 500 last week and anticipation of Federal Reserve Chairman Jerome Powell's commentary, expected to be released Wednesday, set the stage for another important week in the markets.Ahead of this release, the central bank revised its economic projections, with strong expectation that real GDP will grow 6.5% this year. The growth trends behind this dramatic increase are a...Read More
Here are five Fastmarkets stories you might have missed on Monday April 5 that are worth another look.Prices for seaborne iron ore pellets and concentrate rose in the week ended Thursday April 1 amid ongoing steelmaking restrictions to cut emissions in China's Tangshan region,...Read More
Import prices for hot-rolled coil in Asia could exceed $1,000 per tonne in the coming months, key market sources in the region told Fastmarkets."Given the rate at which prices are increasing, I won't be surprised if prices exceed or rise close to $1,000 per tonne in the remaining months of the second quarter," a flat steel trader in Southeast Asia told Fastmarkets.East Asian cargoes could be the f...Read More
Prices for rebar imports into Singapore have risen following an increase in ferrous scrap prices in the week to Monday April 5.Rebounding ferrous scrap prices in key import market Turkey have caused sentiment to improve among Turkish mills, which have been actively seeking materials to feed downstream long steel demand from Asia.Prices have reached as high as $430 per tonne cfr Turkey for United S...Read More
Here are five Fastmarkets stories you might have missed on Monday April 5 that are worth another look.Prices for seaborne iron ore pellets and concentrate rose in the week ended Thursday April 1 amid ongoing steelmaking restrictions to cut emissions in China's Tangshan region,...Read More
Brazilian iron ore exports grew 33.97% in March, compared with the corresponding month of 2020, according to data that the economy ministry published on Thursday April 1.The country exported 28.42 million tonnes of iron ore in March, up from 21.21 million tonnes the year before. Daily average exports also rose 28.14% to 1.24 million tonnes from 964,215 tonnes in the same comparisonExport revenues...Read More
There was little liquidity in the iron ore market on Monday April 5, with markets in China closed for a public holiday.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $168.48 per tonne, up $0.88 per tonne62% Fe low-alumina fines, cfr Qingdao: $169.00 per tonne, up $0.48 per tonne58% Fe fines high-grade premium, cfr Qingdao: $152.34 per tonne, up...Read More
Fastmarkets is proposing amendments to the specifications of its weekly price assessment for steel billet, import, cfr China.Since the launch of the price on February 26, the market has been highly liquid, with Fastmarkets reporting 17 deals involving blast furnace (BF) 3sp billet sold into China.Of these, over 80% have been from the Association of Southeast Asian Nations (Asean) region produced b...Read More
0:00:00?EUR< Welcome and context0:02:40?EUR< The Jim Rogers way of identifying opportunities0:07:16?EUR< What is your decision-making process like for investing?0:10:15?EUR< What helps you understand what cycle are we going through now?0:12:50?EUR< What mistaken beliefs are widely held right now?0:14:51?EUR< What if governments can just keep printing money?0:16:24?EUR< How does the MMT will end?0:...Read More
With cash being officially limited & increasingly controlled in many jurisdictions, and cryptos under pre-emptive rhetorical assault by governments and central banks, how soon will we wake up in a world where gold & silver will be the only physical & private money we have left? John Rubino, founder of DollarCollapse.com and co-author of "The Money Bubble" together with GoldMoney's James Turk, retu...Read More
Treasury Secretary Janet Yellen is pushing for a global minimum corporate tax rate, as the Biden administration looks to fund its infrastructure plan and prevent companies from shifting profits overseas to evade taxes. Our Daniela Cambone speaks with Todd "Bubba" Horwitz of Bubbatrading.com about the news... and whether she will be successful in convincing the G-20.Todd Horwitz - known as Bubba -...Read More
John and I discuss these pressing topics in this week's show and much more:Is the economy overheating?- soaring home prices- huge jump in March auto sales - jobs growth blew away expectations- 10-year yield over 1.7%- SuperMario video game from the 1980s sells for $600,000- Stocks hit all-time highs on the jobs reportWhat happens if inflation and interest rates spike at some time? Where is the Fed...Read More
Mohamed El-Erian, Allianz and Gramercy Advisors, joins 'Squawk Box' to discuss the latest jobs report, what it means for the economy and the monetary policy indications he believes the Fed needs to signal. Mohamed El-Erian is the Chief Economic Adviser of Allianz, a multinational financial services company. He is the former CEO and co-Chief Investment Officer of PIMCO, a global investment firm and...Read More
0:00?EUR< - Stimulus3:54?EUR< - Gresham's Law5:50?EUR< - Hedge against inflation7:28?EUR< - Bitcoin15:20?EUR< - Other cryptos besides Bitcoin19:40?EUR< - Real estate28:30?EUR< - Capitalist ManifestoRobert Kiyosaki, the best-selling author of "Rich Dad Poor Dad" is projecting Bitcoin to climb to over $1 million in five years' time. "I bought Bitcoin at $9,000 and I thought I was being fleeced but t...Read More
Following extensive market engagement, Fastmarkets will change specifications of its daily price assessment for steel billet, import, cfr Southeast Asia from Monday April 12.Fastmarkets asked market participants if specifications of the MB-STE-0141-steel billet import, cfr Southeast Asia, $/tonne price assessment should be changed in its grade or location to better capture trade in the market.Feed...Read More