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
George Edward Gammon is an American real estate investor and entrepreneur. He produces and stars in a popular YouTube Channel. Prior to 2012, George started, owned, and operated multiple businesses ranging from conventions to advertising. The last growing to 24 million in annual revenues and over 100 employees. After 12 years as a successful entrepreneur, at the age of 38, George semi retired and...Read More
1. This morning, the major stock indexes are bouncing sharply higher. Today's move is being led by the tech heavy NASDAQ Composite and NASDAQ-100 over 3 percent. Tech has been oversold a bit, so today it is the best performer. It should be noted that tech was down by 2.5% yesterday, so it is only regaining what it lost yesterday. I still think tech heads lower after a short term bounce. Chart reco...Read More
George Edward Gammon is an American real estate investor and entrepreneur. He produces and stars in a popular YouTube Channel. Prior to 2012, George started, owned, and operated multiple businesses ranging from conventions to advertising. The last growing to 24 million in annual revenues and over 100 employees. After 12 years as a successful entrepreneur, at the age of 38, George semi retired and...Read More
Divers in the Philippines have discovered single use face masks and other PPE covering precious coral reefs and being consumed by marine life as the impact of lockdown takes its toll on the environment.Continue...Read More
It's time for Jeff Gundlach to regale DoubleLine fund investors and assorted hangers on with his views of the economy, the stock market and everything else. The title of the latest webcast isContinue...Read More
"The United States is in no rush to lift sanctions, but we need to recognize here that unilateral sanctions over the last four years have not succeeded in achieving an electoral outcome in the country."Continue...Read More
After bumbling through a public appearance last week - at one point mumbling "What am I doing here?" while forgetting the names of key Continue...Read More
We analyze Gold's historical cup and handle patterns and historical corrections in bull markets and apply those to the current market. In time, there will be a better idea of which path Gold is following. For now, history projects the next impulsive advance could begin at the end of this year or sometime next year.Jordan Roy-Byrne, CMT is a Chartered Market Technician and member of the Market Tech...Read More
Import prices for steel rebar and billet in the United Arab Emirates have increased this week but local rebar prices fell because producers gave discounts, sources told Fastmarkets on Tuesday March 9.The country's steel producers were offering rebar at 2,530-2,545 dirhams ($689-693) per tonne ex-works.Local demand for rebar was limited during the week, because of a lack of new projects. Rebar deal...Read More
China's domestic rebar prices dropped on Tuesday March 9 due to trading houses' demand for destocking and the futures' price loss, sources said.DomesticEastern China (Shanghai): 4,700-4,720 yuan ($721-724) per tonne, down by 40 yuan per tonneSales volume did not climb up too much in early March, compared to late February, due to the frequent price changes and the bad weather so trading houses' reb...Read More
McAlinden Research Partners explains why it believes copper is on the upswing, noting banks are becoming "more bullish on the red metal." Summary: Copper futures recently touched a decade high as key investment banks openly declared a "supercycle," raising their price targets through 2022. Net positions in copper are their longest since December, copper miners' cash flows are climbing, and stockp...Read More
Brien Lundin, editor of Gold Newsletter, highlights two junior miners, explaining why he sees Westhaven Gold as one of the breakout gold exploration stories of the next phase of the gold market, and why the targets outlined on Silver Viper's La Virginia project provide significant blue-sky upside to the company's story. In a precious metals bull market like the one I see returning in full force t...Read More
Technical analyst Clive Maund takes a look at the factors behind gold's price decline and what's in store for the metal. We start this update with the latest version of Larry's amazing gold chart. As Larry states..."Gold touched $1683.00 on Friday. Real close to touching the phantom outside possibility line.To me this means the final moment of truth should be revealed in the next week. Huge water...Read More
Here are five Fastmarkets stories you might have missed on Monday March 8 that are worth another look.The supply shortage in the European steel market, which has been driving up domestic prices since late 2020, will persist until the end of this year at the very least, market sources told Fastmarkets.With...Read More
Folks, it seems that gold has formedan interim bottom, and a short-term corrective upswing is now likely, beforethe medium-term downtrend resumes.Any further declines from this point arenot likely to be significant for the short-term. The same applies to silver andthe miners.In yesterday’s(Mar. 4) intraday Gold & Silver Trading Alert , I describedbriefly why I think that the very short-t...Read More
The supply shortage in the European steel market, which has been driving up domestic prices since late 2020, will persist until the end of this year at the very least, market sources told Fastmarkets.Finished steel distributors have said they have been struggling to get the necessary volumes of finished steel from either domestic or overseas suppliers, adding that they do not expect the situation...Read More
China's iron ore imports in January and February 2021 increased by 2.8% from 2020, data released on Monday March 8 from the General Administration of Customs of China shows.In the first two months of 2021, China's imports of iron ore totalled 181.51 million tonnes, up by 2.8% year on year from 176.6 million tonnes in 2020, customs data showed.The increase in iron ore imports...Read More
Here are five Fastmarkets stories you might have missed on Tuesday March 9 that are worth another look.Canada's coking coal exports to China increased by a fifth in 2020 amid a "verbal ban" imposed by Chinese authorities on cargoes from Australia late last year.Trafigura's warehousing and...Read More
Prime scrap grades in Mexico's main ferrous scrap markets registered gains in the week ended Friday March 5, while the secondary grades were stable, with buyers' and sellers' price pressure increasing again.Scrap sellers were heard raising busheling prices in both markets due to low availability of the material, following recent price cuts heard in late February. Most sellers a...Read More
Chinese lithium producer Ganfeng Lithium and wholly owned subsidiary Qinghai Liangcheng Mining will hold 49% of the Minmetals Salt Lake project following conclusion of a 1.47-billion-yuan ($226.07-million) deal to buy Yili Hongda, the company said on Monday March 8.Ganfeng and Qinghai Liangcheng Mining will acquire 100% of the shares in Yili Hongda currently held by Citic Securities, Tibet Hongda...Read More