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
Had enough of the market whiplash yet?Yesterday, the S&P 500 closed 0.5% higher at 3,909.52. This came after a nerve-racking start to trading, which saw the index lose nearly 1% intraday. The Dow Jones Industrial Average gained 199.42 points, or 0.6%, rising to 32,619.48 - this again only after losing 348 points in early trading. The Nasdaq Composite trailed the two other major indexes, barely gai...Read More
Domestic prices for hot-rolled coil in Europe were up day on day on Friday March 26, with ArcelorMittal further increasing its offer prices, sources told Fastmarkets.Fastmarkets calculated its daily steel hot-rolled coil (HRC) index, domestic, exw Northern Europe at ?,?835.00 ($985.09) per tonne on Friday March 26, up by ?,?13.33 per tonne from ?,?821.67 per tonne on March 25.The index was also up...Read More
The rapid increase in Covid-19 infections in Brazil, a shortage of auto parts and the decision by authorities to bring holidays forward prompted at least four more Brazilian automakers to suspend their production sites in the week to Friday March 26, Fastmarkets understands. Renault, Daimler under its Mercedes-Benz brand, Nissan and Toyota are the latest manufacturers to announce a suspension of a...Read More
The domestic steel rebar market in Poland was static over the week to Friday March 26 amid slow buying, sources told Fastmarkets.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), domestic, exw Poland was 2,900-2,930 ($738-746) zloty per tonne on Friday, the same as seven days earlier.Rebar was heard traded in the secondary market at about 2,900-2,910 zloty per tonne delivered...Read More
Domestic prices for steel wire rod in Poland moved up sharply in the week to Friday March 26 on bullish offer from producers with sources expecting new levels to be accepted eventually amid shortages and limited imports, Fastmarkets heard.Fastmarkets' assessment for steel wire rod (drawing quality), domestic, delivered Poland jumped to 3,060-3,100 zloty ($779-789) per tonne, up from 2,970-3,000 zl...Read More
Rebar prices in eastern China stopped rising on Friday March 26 amid selling pressure though the futures market registered strong gains. Prices in the region ended the week 60 yuan per tonne higher.DomesticEastern China (Shanghai): 4,750-4,770 yuan ($726-729) per tonne, unchangedNorthern China (Beijing) weekly assessment: 4,660-4,680 yuan per tonne, up by 80-100 yuan per tonneBillet prices rose th...Read More
The price of austenitic stainless steel scrap in the UK and Europe moved higher over the past seven days on the back of rising nickel costs in first half of the week, sources told Fastmarkets on Friday March 26.Nickel prices retreated in the second half of the week, however, wiping out most of the gains and halting the upward momentum in the stainless scrap market. Nonetheless, Fastmarkets' weekly...Read More
The spot price for light iron steel scrap in the United Kingdom was steady during the week to Friday March 26, stabilizing losses from last week amid firm fundamentals in the domestic market, sources told Fastmarkets.A sharp fall in European steel scrap export prices seen on Thursday may be short-lived, according to sources, with a pick-up seen the next day in steel rebar buying inquiries into Sou...Read More
Deep-sea scrap import prices in Turkey plunged this week but a recovery in rebar exports was expected to bring support to the market soon, while markets in Asia, apart from China, have already felt the revival.Scrap exporters in the United States, however, were lowering their buy prices during the working week from Monday March 22 to Friday March 26. Turkish import prices crash, but set to recover...Read More
Export prices for Brazil-origin steel slab remained stable in the week ended Friday March 26, with demand steady and clients booking fresh deals.Fastmarkets' weekly price assessment for steel slab, export, fob main port Brazil, was $780-810 per tonne fob on Friday, unchanged from the previous week.Deals were reported within the range of $800-810 per tonne fob to clients in the United States, with...Read More
Prices for steel billet imported to Southeast Asia have been inflated by buying prices to China over the last week, market participants told Fastmarkets on Friday March 26. Offers for Vietnam-origin 5sp billet were heard at $615 per tonne cfr Manila during the week, while Far East Russia-origin material was heard offered at $605 per tonne cfr on Wednesday, with India-origin 125-mm billet heard off...Read More
?>>?Grant Williams is the portfolio manager of the Vulpes Precious Metals Fund and strategy advisor to Vulpes Investment Management in Singapore. Grant has 28 years of experience in finance on the Asian, Australian, European and US markets and has held senior positions at several international investment houses, including Robert Fleming, UBS and Credit Suisse. Since 2009, he has also been writing...Read More
President Biden is pulling together a sweeping $3 trillion package to boost the economy, reduce carbon emissions and narrow economic inequality, beginning with a giant infrastructure plan that may be financed in part through tax increases on corporations and the rich.Mind you that is on top of the $6 Trillion we've already spent for "Covid Relief" packages. At what point do we all stop and think t...Read More
Doug Casey is an American-born libertarian economist and advocate of the free market. He is a bestselling financial author, international investor, entrepreneur, and the founder and chairman of Casey Research, a provider of subscription financial analysis about specific market verticals including natural resources/metals/mining, energy, commodities, and technology. Since 1979 he has written or co-...Read More
China exported 1.81 million tonnes of hot-rolled coil in the first two months of 2021, an increase of 150% from the same year-earlier period, according to the country's customs data.Vietnam was the biggest buyer of Chinese HRC in January and February with 709,228 tonnes, accounting for 39% of China's total exports. China's exports of hot-dipped galvanized flat steel also exceeded one million tonne...Read More
Andrew Maguire is an Independent London Metals Trader and Analyst, internationally renowned for his unique ability to read the precious metals market with the knowledge and experience gained over 35 years trading in financial and commodity markets. Andrew sits on the advisory board of a global physical bullion exchange and is a consultant advisor to many international hedge fund managers, bullion...Read More
Farmland is a "holy grail" asset class for many investors.It's tangible, produces income, and has inherent underlying value - making it a great inflation hedge.It's supply constrained. Mother Nature isn't making any more of it -and in total, farm acreage around the world is being lost to development, drought, etc.Historically it's an asset class that produces double-digit annual returns while rema...Read More
Stocks are still in la-la land, and the market is drifting up. But is it all an illusion? Harry outlines the factors weighing on the economy that will lead to a massive bubble burst. Which monetary "pebble" will cause the market avalanche? Stay informed by subscribing to our free e-letter at www.harrydent.comHarry Dent is a Fortune 100 consultant, new venture investor, noted speaker, bestselling a...Read More
Tom welcomes a fascinating new guest to the show, Francis Hunt "The Market Sniper." Francis discusses how gold is acting as the bellwether for the collapsing global economy. Gold and silver will soon be unleashed, not unlike the recent major moves in palladium and rhodium. A lot is happening behind the scenes that will affect precious metals, and he looks closely at the macro picture surrounding t...Read More
It isn't hard to find data indicative of the madness that pervades the current market environment, but to Jim Grant, founder of Grant's Interest Rate Observer, no data point encapsulates this quite as clearly as the staggering $17 trillion of negative-yielding debt outstanding in the world. As an avid historian of interest rates, Grant argues that the only certainty is that this will end and most...Read More