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
Trade log for battery-grade lithium carbonate in China including trades, bids and offers reported to Fastmarkets. Unless otherwise stated, all prices are per tonne on an ex-works China basis. Delivered prices are netted back. Fastmarkets prices Click here for Fastmarkets price assessment for lithium carbonate min 99.5% Li2CO3 battery grade, spot price range, ex-works China, yuan per tonne. Fa...Read More
Coated-steel prices in Turkey continued to increase in the week ending Friday February 15, despite demand being weak in both the domestic and export markets.High offer prices were stifling export activity, sources told Fastmarkets.Steel prices have been increasing globally because of rises in raw materials costs, which have been pushed up due to supply concerns after Vale'...Read More
Steel coil prices in Turkey increased again this week because of the rising cost of raw materials, alongside other global price increases.Local demand was also weaker than it was seven days earlier, sources told Fastmarkets on Friday February 15.Buyers placed orders last week because they had low stock levels, market participants said. However, they added that end-user demand was still not strong...Read More
China's hot-rolled coil prices were mixed on Friday February 15, with domestic prices dropping on weak demand but the export market seeing higher-priced deals.DomesticEastern China (Shanghai): 3,710-3,730 yuan ($548-551) per tonne, down 10-20 yuan per tonneNorthern China (Tianjin): 3,680-3,700 yuan per tonne, down 50-60 yuan per tonneTrading activity was lower than on Thursday amid weaker fut...Read More
COT SPECIAL PUBLICATION SCHEDULE Reminder -- Due to the U.S. Government Shutdown (February 1 Announcement) The last COT report was published on December 21, 2018. Reports going forward from that date will be published in chronological order beginning with the report previously scheduled for release on Friday, December 28, 2018 (based on data from Monday, December 24, 2018). The CFTC publ...Read More
By: David HaggithWe now know that the Retail Apocalypse took another trip downhill during the all-important holiday season. December reports show retail sales declined more in one month than they have since ... the Great Recession. Notice what a common refrain that comparison has become.Retail Apocalypse snowballs downhillRetail sales dropped 1.2% month-over-month in December, the largest drop s...Read More
The world's two biggest gold miners both announced mega-mergers over the past 5 months or so. These huge deals briefly garnered some interest in the usually-forgotten gold-stock sector, and fleeting praise from Wall Street analysts. But gold-stock mega-mergers are bad news for gold-miner shareholders on all sides. They reveal the serious struggles of major gold miners, and really retard fu...Read More
By: Ira EpsteinGold washes out to the downside, but manages to come back late in the day and close near unchanged. Read More
Chris Watlzek of GoldSeek.com interviews Bob Hoye.Read More
Learn what Jim thinks about our potential negative interest rate future ahead, what he will do if gold and the US dollar decouple with out a major pullback in the medium to short-term.And finally we cover some personal news about Jim's two young daughters who are rising stars in China. Stick around for the clips at the end of the show to see footage of Jim on his motorcycle tour through China in t...Read More
Domestic prices for rebar in Poland have increased over the past week due to higher ferrous scrap costs, sources told Fastmarkets on Friday February 15.Fastmarkets' price assessment for domestic 12mm B500B-grade rebar in Poland was 2,200-2,310 zloty ($572-601) per tonne ex-works on February 15, up from 2,180-2,250 zloty per tonne ex-works a week earlier. The assessment reflected deals and offers f...Read More
Eric Sprott has more than 40 years of experience in the investment industry. In 1981, he founded Sprott Securities (now called Cormark Securities Inc.), which today is one of Canada's largest independently owned securities firms. In 2001, Eric established Sprott Asset Management Inc. Over the years, Eric has personally been the recipient of numerous awards and honors, including one of Investor Dig...Read More
Kinross Gold's (TSX: K; NYSE: KGC) shares were up 6.25% on Friday, after reporting Q4 results this week. The company produced 2.45 million gold-equivalent ounces last year, with record production from its Paracatu mine in Brazil and its Bald Mountain mine in Nevada, and forecasts company-wide production this year will be similar to 2018.The company reported an attributable all-in cost per oz. s...Read More
Erik Townsend and Patrick Ceresna welcome back Francesco Filia to MacroVoices. Erik and Francesco discuss bear markets, complex dynamic systems, and the phase transitions and the twin bubbles. The continue discussing tipping points, crash hallmarks and butterflies. They ask why are the risks now and will treasury bonds going to be the benefactor? The end asking how to play the short side of the ma...Read More
The world's two biggest gold miners both announced mega-mergers over the past 5 months or so. These huge deals briefly garnered some interest in the usually-forgotten gold-stock sector, and fleeting praise from Wall Street analysts. But gold-stock mega-mergers are bad news for gold-miner shareholders on all sides. They reveal the serious struggles of major gold miners, and really retard future ups...Read More
An independent investigation has concluded that the "MAGA Teens" in the Covington scandal did not engage in hateful conduct, they did not confront Nathan Phillips, and ultimately did nothing wrong. We also learned that one of the offensive statements heard on video was made by a young man who did NOT attend Covington Catholic.Many media outlets are far left publications however have not corrected...Read More
* Gold prices in India trading near record levels* Yen-denominated gold climbs to 1-year peak* China premiums ease to $7-$10/ozA rally in domestic prices curtailed physical gold demand in India and Japan, with interest in the precious metal lacklustre in other Asian centres as markets gradually return from the Lunar New Year holidays.In India, gold traded around 34,400 rupees per 10 grams, not far...Read More
Indian domestic secondary billet prices have increased by at least 500 rupees ($7) per tonne over the past week, mainly on rising prices for finished products such as rebar, Fastmarkets heard on Friday February 15.The Indian domestic secondary billet price assessed by Fastmarkets on February 15 was 34,300-34,500 rupees ($483-486) per tonne ex-mill, up by 500 rupees per tonne compared with 33,800-3...Read More
Federal debt climbs all the way up to $22 trillion, while consumer debt reaches record levels of $13.5 trillion. Economist, Harry Dent talks about how soon we could see federal debt nearly double and looks at the state of the consumer market...Harry Dent is a Fortune 100 consultant, new venture investor, noted speaker, bestselling author, and the founder and senior editor at Dent Research, where h...Read More
Relatives of trapped illegal Zimbabwean gold miners on Friday expressed frustration at the slow pace of rescue efforts, saying they were losing hope of finding up to 70 people alive as the government declared the accident a disaster.Rescuers in Battlefields, 175 km (109 miles) west of Harare, had hoped to start bringing the miners out by Friday afternoon but the amount of water in the pits and und...Read More