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
John Rubino is the founder and manager of the popular financial website DollarCollapse.com. Mr. Rubino is the co-author, with GoldMoney's James Turk, of The Money Bubble and The Collapse of the Dollar and How to Profit from It. He spent the 1980's on Wall Street as a Eurodollar trader, equity analyst and junk bond analyst. During the 1990's he was a featured columnist with TheStreet.com and a freq...Read More
In response to the Covid-19 pandemic governments across the world implemented an unprecedented and untested strategy to slow the spread Continue...Read More
The lesson of China's Cultural Revolution in my view is that once the lid blows off, everything that was linear (predictable) goes non-linear (unpredictable).Continue...Read More
Long Covid is a condition wherein people continue to experience symptoms for longer than usual after initially contracting the virus.Continue...Read More
Illegal aliens who will be eligible for the one-time payment could receive up to $15,600, the equivalent of about $300 a week for oneContinue...Read More
Of all the metrics we have seen in the past year trying to capture the sheer mania and frenzy of the retail rotation into stocks - a process also known as "distribution" because Continue...Read More
With #gold?EUR< and #silver?EUR< demand globally "off the charts," what's truly driving the price? Andy Schectman believes prices would be much higher if it weren't for price suppression. 0:00?EUR< Intro0:48?EUR< Rally in metals5:35?EUR< Central bank gold demand15:58?EUR< Shortages in gold?19:26?EUR< 90% of sales are silverAndy Schectman is the President and CEO of Miles Franklin Ltd. Precious Met...Read More
?>>?Gold coin sales at the Perth Mint have now made new consecutive highs for the months of February and March but there appears to be a lot of examples of widespread problems and potentially fraud with unallocated accounts at the Perth Mint. John Adams from Adams Economics in Australia (Twitter handle: https://mobile.twitter.com/adamsecono...?EUR<) is uncovering LOTS of examples in his informatio...Read More
Automotive manufacturer Volvo Group and Swedish steelmaker SSAB have signed a collaboration agreement for the research, development, serial production and commercialization of the world's first vehicles to be made of fossil-free steel, the companies said on Thursday April 8. Volvo plans to start the production of concept vehicles and components produced from steel made by SSAB using hydrogen this...Read More
Hybrit, the joint venture involving Swedish steelmaker SSAB, iron-ore producer LKAB and power company Vattenfall, will build a hydrogen storage facility as part of its plans for fossil-free steel production, it announced on Wednesday April 7. Hybrit will build a rock cavern storage facility for fossil-free hydrogen gas next to its pilot facility for direct reduction in Lule??, Sweden.The inve...Read More
Tata Steel's recycling business in India is to offer domestically produced shredded material to the Indian market, adding to its existing offering, the company told Fastmarkets on Wednesday April 7.Yogesh Bedi, chief of Tata Steel Recycling Business, told Fastmarkets the company was in the final stages of commissioning a shredder, which would let the company offer domestically produced shredded sc...Read More
Here are five Fastmarkets stories you might have missed on Friday April 9 that are worth another look.Export prices for Brazil-origin slab have increased amid high offers to the United States, where demand for the semi-finished steel is strong and flat steel prices are near record...Read More
Here are five Fastmarkets stories you might have missed on Friday April 9 that are worth another look.Export prices for Brazil-origin slab have increased amid high offers to the United States, where demand for the semi-finished steel is strong and flat steel prices are near record...Read More
Proposed changes to the London Metal Exchange's market structure may actually have the opposite effect to its desired intention: destroying liquidity, not increasing it.Attention has been focused on the proposed permanent closure of the LME ring, the incentivization of electronic trade and changes to margin methodology, which were central issues in the exchange's recently closed discussion paper.B...Read More
The Shanghai Futures Exchange's plans to list ferro-chrome futures, potentially this year, will bring welcomed hedging opportunities and may weaken the dominance of China's stainless steel mills in the ore and alloy markets, participants told Fastmarkets.While no definite date or specifications of the ferro-chrome futures have been announced, Fastmarkets asked participants what changes these contr...Read More
Usually after a London Metal Exchange discussion paper there is a decent idea of what the outcome is likely to be. But this time around, it seems much harder to tell which path the LME will take. The proposals under debate include the permanent closure of the exchange's open outcry trading floor, known as the ring, which dates back to 1877. They also include the incentivization of electronic trade...Read More
The latest forecasts from Fastmarkets' team of base metals analysts are ready to view.Aluminium: SHFE tailwind for LME pricesAs we are entering the traditional strong demand season, we expect Chinese aluminium demand to show further recovery, and we expect demand from existing end-user sectors, new infrastructure projects and the export sector to show some increases. As a result, we believe that S...Read More
The latest forecasts from Fastmarkets' team of base metals analysts are ready to view, including an upgrade to our aluminium price forecasts.Aluminium: Price forecasts raisedWe correctly expected the macro reflationary theme to raise the prices for all base metals but, with it being the base metal with by far the weakest fundamentals, we had expected the price of aluminium to underperform relative...Read More
It seems fitting that the year we are expecting to see an unprecedented rise in US government spending and money-printing to spur an economic recovery, marks the 50th anniversary of the end of the gold standard.Done at the time to fight an economic crisis, we are still feeling the effects of this disastrous decision, five decades on.In this article, we explain why President Nixon did what he did,...Read More
Now that stocks closed at new all time highs, thecorrection is officially over. And what little rest stock bulls could claimlast week, arrived on Friday. Yet, the bull is strong enough to defend the3,900 zone, and charge higher the same day. Who could be surprised, given the modern monetary theory ruling theeconomic landscape? The Fed amply accomodative, one $1.9T stimulus bill justin, and a $2T i...Read More