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
Chile's state-run copper producer Codelco increased its production in the third quarter of 2020 despite setbacks due to temporary closures of some of its operations, reduced costs and higher earnings during that period, the company said on Friday October 30.Codelco produced 447,000 tonnes of copper in the quarter, including a minority share in some units, up by 1.6% from 440,000 tonnes in the thir...Read More
Prices continued to increase for some grades in Mexico's main steel scrap markets, amid strong domestic demand and expectations of higher prices for imported material.A few companies were heard to be increasing prices in both the Monterrey and Baj?-o regions, while the majority did not announce any price changes. But some scrap buyers were trying to secure batches and negotiating volumes at prices...Read More
* APP could be used to channel some of the stimulus -sources * PEPP still seen as the main instrument -sourcesBy Francesco Canepa and Balazs KoranyiFRANKFURT, Nov 3 (Reuters) - The European Central Bank couldoffer less generous support for indebted governments when itputs together a further stimulus package next month, to pushthem to apply for European Union loans tied to productiveinvestments, so...Read More
Turkish steel mills continued to stay away from the deep-sea scrap market amid growing uncertainty over the potential impact of the presidential election in the United States, sources said on Tuesday November 3.Mills in Turkey have been silent in the deep-sea scrap markets since the middle of last week after booking number of cargoes. Most market participants were waiting to see what impact the pr...Read More
The London Metal Exchange has approved the resignation of French bank Soci?(C)t?(C) G?(C)n?(C)rale from its Category II and LMEprecious membership structure, outlining in a note to members on Tuesday November 3 that the entity will no longer trade as a general clearing member of LMEClear with immediate effect. Soci?(C)t?(C) G?(C)n?(C)rale, also known as SocGen, began a refinement of its commodity...Read More
Base metals prices on both the London Metal Exchange and Shanghai Futures Exchange were mainly stronger this morning, Tuesday November 3, after markets were encouraged by generally robust manufacturing purchasing managers' index (PMI) data that came out on Monday. Regardless of who wins the US presidential election, the markets expects the liquidity pumps to remain switched on......which is suppor...Read More
On July 11, 2013, I told you how IP traffic on the internet was going to grow four times in size. I wrote: Within the next four years, the size of the internet is expected to quadruple in size. By 2016, annual IP traffic is predicted to reach 1.3 zettabytes (to put that in perspective, there are 1 trillion gigabytes in a single zettabyte).And I went on to tell you why this was going to happen and...Read More
Domestic prices for hot-rolled coil in Northern Europe have moved up on Tuesday November 3, supported by long lead times for delivery of the material, market sources have told Fastmarkets.Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe, at ?,?505.96 ($588.80) per tonne on Tuesday, up by ?,?0.96 per tonne from ?,?505.00 per tonne.The index was up by ?,?7....Read More
China's hot-rolled coil prices continued to increase on Tuesday November 3, which forced buyers in Vietnam to accept higher levels than the week prior, sources said.DomesticEastern China (Shanghai): 3,980-3,990 yuan ($594-596) per tonne, up 10 yuan per tonneSellers in eastern China raised their offers amid futures gains in the morning session before futures prices fell in the afternoon, yet offers...Read More
Domestic rebar prices in the United Arab Emirates continued to fall this week, while imported rebar prices were stable, sources said on Tuesday November 3.Domestic rebarThe country's steel producers were offering rebar at 1,936 dirhams ($527) per tonne ex-works for orders to be produced in November, stable since September 15.But deal prices were at around 1,790-1,800 dirhams per tonne ex-works, wi...Read More
China's domestic rebar prices lost upward momentum on Tuesday November 3 on a weaker futures market and amid rising concerns over mills profiting from high rebar output.DomesticEastern China (Shanghai): 3,810-3,840 yuan ($569-574) per tonne, unchanged Some buyers cut procurement rates on seeing the weaker futures market, but while trading activity dropped off slightly, most end...Read More
Indian steelmaker Jindal Steel & Power (JSPL) announced its highest-ever quarterly sales, steel production and earnings in the second quarter of its 2020/2021 financial year, over July-September 2020.In brief The company's steel exports fell by 17.8% quarter on quarter to 740,000 tonnes in the company's second quarter, amid stronger ferrous demand from India's domestic market.Exports constituted 3...Read More
Prices continued to increase for some grades in Mexico's main steel scrap markets, amid strong domestic demand and expectations of higher prices for imported material.A few companies were heard to be increasing prices in both the Monterrey and Baj?-o regions, while the majority did not announce any price changes. But some scrap buyers were trying to secure batches and negotiating volumes at prices...Read More
Brazilian iron ore exports fell 8.6% in October, when compared with the same month last year, since the month had fewer workdays in 2020, and despite those volumes representing a higher daily average, data from the country's economy ministry showed on Tuesday November 3.Brazil exported 31.19 million tonnes of iron ore last month, down from 34.14 million tonnes a year before, and down 17.6% from th...Read More
Turkish steel mills continued to stay away from the deep-sea scrap market amid growing uncertainty over the potential impact of the presidential election in the United States, sources said on Tuesday November 3.Mills in Turkey have been silent in the deep-sea scrap markets since the middle of last week after booking number of cargoes. Most market participants were waiting to see what impact the pr...Read More
TOPICS IN THIS INTERVIEW:-Cycle analysis is telling us about overall markets.-Oil markets in overall down-trend.-Thoughts on gold.-Bitcoin in for higher price targets.Charles Nenner founded, and is president of, the Charles Nenner Research Center. Mr. Nenner has provided his independent market research to the following entities all over the world: hedge funds, banks, brokerage firms, family office...Read More
Whether Biden or Trump wins, the nation loses. I am a studious avoider of left-right politics preferring the up-down axis. Neither party has advanced meaningful ideas for any of our biggest and most vexing problems and predicaments. #1: there's no comprehensive energy policy that comports with reality. Nothing. It's the biggest oversight of them all. It leaves us all horribly unprepared for the fu...Read More
Gary Wagner, editor of TheGoldForecast.com speaks to Kitco News on Monday, November 2, and breaks down price move expectations for the various scenarios of tonight's presidential election.0:00 - Price move expectations2:00 - Gold and stocks' correclation5:12 - 3rd quarter GDP breakdown8:56 - Is the economy really recovering?10:03 - Gold price technicals10:44 - U.S. dollar technicals11:17 - Trades...Read More
Nassim Taleb, Universa Investments scientific advisor and author of "The Black Swan," joins "Squawk Box" to discuss what risks he seeing in the markets one day before the 2020 election as 10 months into the coronavirus pandemic. Nassim Taleb spent 20 years as a derivatives trader and, after closing 650,000 option transactions and examining 200,000 risk reports, he changed careers in 2006 to become...Read More
In this episode, Doug shares California's dystopian rules for Thanksgiving 2020. They're unbelievable but totally real. 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 ve...Read More