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

Here are five Fastmarkets stories you might have missed on Monday November 9 that are worth another look.The European Commission (EC) has ended an anti-subsidy investigation into hot-rolled stainless steel sheet and coil originating from China and Indonesia, the EC said on November 9.TradeCloud chief operating officer...Read More

During a review of its specifications, Fastmarkets has identified a necessary clarification to the specification for its arsenic price assessment.Fastmarkets has updated the price description of its fortnightly price assessment for arsenic to Arsenic, 99% min As, in-whs Rotterdam, $ per lb, to match the quality listed in the detail specification list. It previously, and erroneously, was listed as...Read More

Steelmakers in Turkey stepped back from deep-sea purchases on Monday November 9, after the value of the Turkish lira increased by just under 4% in one day, sources told Fastmarkets.Turkish steelmakers booked eleven deep-sea cargoes last week.However, the Turkish currency rebounded sharply after the news of the resignation of Turkey's economy minister and the replacement of the central bank go...Read More

Turkish domestic auto bundle scrap prices have edged further upward in line with imported scrap values over the past week, while ship scrap prices were fairly stable, sources said on Monday November 9.Fastmarkets' weekly price assessment for steel scrap, auto bundle scrap, domestic, delivered Turkey, was 2,210-2,455 lira ($259-288) per tonne on Monday, widening upward from 2,210-2,380 lira per ton...Read More

Base metals prices on both the London Metal Exchange and Shanghai Futures Exchange were mainly stronger this morning, Monday November 9, after markets reacted positively to Joe Biden winning the US presidential election and the resulting weaker dollar. China's unwrought copper imports climbed 43% in October, year on year. China total exports climbed by 11.4% in October from a year ago, while total...Read More

Pfizer announced this morning that its coronavirus vaccine is more than 90% effective in preventing the illness among people with no evidence of prior infection, proclaiming it as "a great day for science and humanity."While it may be a "great day for science and humanity," it was definitely a measurably breathtaking morning for stocks.Dow futures jumped over 1,400 points higher following the earl...Read More

Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. Last week, the Index turned on the jets and powered 71.56 points higher or 6.8% to close at 1122.36.A six-month high Friday (click for larger)Our short-term momentum indicator, RSI, erupted over 50% to 61.61. MACD our long-term momentum indicator shot up 14.82 points to 4.89. And the shar...Read More

Domestic prices for steel hot-rolled coil increased in Northern Europe in the week to Friday November 6, due to good order books at European mills amid long lead times and limited offers for imported coil.Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe, at ?,?512.53 ($608.52) per tonne on Friday, up by ?,?7.53 per tonne week on week and by ?,?16.07 per t...Read More

Domestic prices for hot-rolled coil in Northern Europe moved up slightly day on day on Monday November 9, supported by long lead times at European mills and a lack of import offers, sources told Fastmarkets.Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe, at ?,?513.13 ($609.23) per tonne on Monday, up by ?,?0.60 per tonne from ?,?512.53 per tonne on Frid...Read More

Prices for hot-rolled coil imports into major import market Vietnam have surged on the back of limited spot supply, sources told Fastmarkets. Buyers were bidding up to $545 per tonne cfr Vietnam for re-rolling grade SAE1006 HRC in an attempt to shore up inventory levels in the face of limited supply from major domestic producer Formosa Ha Tinh Steel Corp and regional sellers. "Buyers will only lik...Read More

European distributors of flat steel products reported a 3.7% year-on-year rise in shipment volumes in September, regional steel industry association Eurometal said on Monday November 9.Over the first nine months of 2020, flat steel distributors' shipments, however, dropped by 16.1% year-on-year.Eurometal did not disclose individual product volumes.Fastmarkets calculated its daily steel hot-rolled...Read More

Domestic steel rebar prices in Russia's Central Federal District around Moscow were broadly stable over the seven days to Monday November 9 in a seasonally slower market, sources have told Fastmarkets.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), domestic, cpt Moscow, Russia, remained at 40,000-41,000 roubles ($516-529) per tonne including 20% VAT on Monday.In US dollar t...Read More

China's domestic rebar prices increased sharply on Monday November 9 to their highest since December 2019 on rising futures. DomesticEastern China (Shanghai): 4,030-4,060 yuan ($609-614) per tonne, up by 140 yuan per tonneStock and commodity markets in China strengthened during the day amid a bigger appetite for higher-risk investments among punters following the outcome to the United States presi...Read More

Steelmakers in Turkey stepped back from deep-sea purchases on Monday November 9, after the value of the Turkish lira increased by just under 4% in one day, sources told Fastmarkets.Turkish steelmakers booked eleven deep-sea cargoes last week.However, the Turkish currency rebounded sharply after the news of the resignation of Turkey's economy minister and the replacement of the central bank go...Read More

Turkish domestic auto bundle scrap prices have edged further upward in line with imported scrap values over the past week, while ship scrap prices were fairly stable, sources said on Monday November 9.Fastmarkets' weekly price assessment for steel scrap, auto bundle scrap, domestic, delivered Turkey, was 2,210-2,455 lira ($259-288) per tonne on Monday, widening upward from 2,210-2,380 lira per ton...Read More

Iron ore prices increased in both the futures and seaborne markets on Monday November 9, sources told Fastmarkets, supported by rising steel prices and despite stronger sintering restrictions in China's steelmaking hub of Tangshan. Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $121.75 per tonne, up $3.95 per tonne62% Fe low-alumina fines, cfr Qingdao: $122.25 per tonne, up $4.2...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

Rick Rule, founder and chairman of Sprott Global Resource Investments Ltd., began his career in the securities business in 1974. He is a leading American retail broker specializing in mining, energy, water utilities, forest products and agriculture. His company has built a national reputation on taking advantage of global opportunities in the oil and gas, mining, alternative energy, agriculture, f...Read More

The markets are euphoric over news that a new Pfizer vaccine might have 90 percent effectiveness. Meanwhile, Joe Biden has doubled down on his threat to instill a nationwide mask mandate if he prevails in the ongoing election dispute. Even as Biden assembles his transition team, serious doubts continue to persist on the accuracy of the November 3rd vote. Will Trump get traction with his swing stat...Read More

Time Stamps00:15 Grant's Investment Conference at the time of COVID02:00 Modern Monetary Theory and how it fits into the real world09:33 Austrian School of Economics vs Keynesian12:30 The curious case of the Depression of 1920-192116:35 Where does this end?21:46 COVID and the Gravity of the problem28:25 Jim's childhood and youth: Navy and College36:45 Career in journalism39:40 Starting Grant's Int...Read More