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
Exporters of Chinese hot-rolled coil lowered their offers further to stimulate sales amid high inventory levels despite a relatively stable domestic market on Wednesday February 19.DomesticEastern China (Shanghai): 3,480-3,490 yuan ($497-499) per tonne, narrowing upward by 10 yuan per tonneNorthern China (Tangshan): 3,230 yuan per tonne, unchangedA Shanghai-based trader said prices in the city nar...Read More
RAPAPORT... Mahiar Borhanjoo is set to leave Venus Jewel Internationalto become CEO of the DFL Group, the company behind a new onlinepolished-diamond hub. Borhanjoo has been managing director of India-based Venus Jewel, aleading polished manufacturer and supplier, since 2015, overseeing atransformation of the company's brand and online platform, DFL said Friday.Hepreviously served six years a...Read More
Dollar Collapse - Twitter, Released on 6/8/22Shocking and reVOLTING: Let them eat gasoline. (She doesn't need it, so no one does. One wonders, though, if her half brain cell has asked where the already overburdened electrical grid is going to get this MASSIVE amount of new required electricity. https://t.co/hbVcdhkRql- DollarCollapse (@DollarCollapse) June 8, 2022 John Rubino is the founder an...Read More
The historic action of the precious metals sector over the past few weeks has continued. The strong recovery in GDX, GDXJ, and Silver has potentially invalidated the technical breakdown that occurred during the crash. It appears to be a failed breakdown. Furthermore, Gold was looking vulnerable on the weekly, and monthly chart yet was able to slingshot back to $1700/oz. It is currently up $88/oz o...Read More
Workday's business is firing on all cylinders, stock-based compensation remains a problem across the industry. Read more to see why WDAY stock is a Buy.Read full newsRead More
The government of Angola says it has identified key steps that it needs to take before launching its own diamond exchange in Luanda, which is slated to open by the end of 2021.Mining and oil minister Diamantino Azevedo announced on Nov. 2 that its office is working to set up a gemological academy and a technological research centre within the same free-trade zone as the Angolan Diamond Bourse (ADB...Read More
All of those supply and demand, and price forecasts carefully assembled in late 2018 for iron ore have become obsolete in the wake of Vale's devastating Corrego do Feijao tailings disaster in Brazil's Minas Gerais state in late January, where the grim count now stands at 165 dead, with 160 people missing, mostly Vale employees.The Dam 1 at Feijao - built in 1976 and reaching 86 metres high, with a...Read More
RAPAPORT... Global demand for gold jewelry rose 2% year on year to 531.7tonnes in the second quarter amid an expansion of the Indian market, theWorld Gold Council (WGC) reported. Appetite for gold jewelry in India climbed 12% to 168.6tonnes in the three months ending June 30, the highest increase in two years. Thequarter contained 37 days considered auspicious in India for getting married, compare...Read More
Output of steel slab by Brazilian steelmaker Companhia Sider??rgica Nacional (CSN) went down during the July-September quarter of 2018 because of a short outage for maintenance work, according to an earnings report published on Wednesday November 7.The company produced 937,000 tonnes of slabs in the quarter, down by 12.30% from 1.07 million tonnes in the corresponding months of 2017. There were on...Read More
Three-month base metals prices on the London Metal Exchange were subdued during morning trading on Monday July 20, with thin volume keeping most metals range-bound, while a continued downtrend in LME copper stocks kept the metal's underlying price elevated. Yet sideways trading comes amid continued caution surrounding the European Union's economic summit, which continues this week and sees economi...Read More
No deals were heard in the seaborne coking coal market on Monday December 16, though buying interest from China was reported to be steady.Fastmarkets indicesPremium hard coking coal, fob DBCT: $136.58 per tonne, unchangedPremium hard coking coal, cfr Jingtang: $147.70 per tonne, unchangedHard coking coal, fob DBCT: $122.33 per tonne, unchangedHard coking coal, cfr Jingtang: $130.25 per tonne, unch...Read More
Plant-based meat could be more profitable than its traditional counterpart.Read full newsRead More
The price of rebar produced and delivered in Northern Europe has widened downward by ?,?5 ($6) per tonne amid hesitant end-user buying activity and continued concerns about demand, market participants told Fastmarkets on Wednesday May 15."Apparent demand from the construction sector is okay, but there is buyer hesitation, which is leading to some nervousness from mills, and they might drop the pri...Read More
Brien Lundin is President and CEO of Jefferson Financial and the publisher of Gold Newsletter. He is also the host of the New Orleans Investment Conference. Discussed on this episode:Best Moments from New OrleansDoug Casey vs. Dick CheneyLady Thatcher vs. Jim RogersJames Carville vs. Charles KrauthammerContact:Web: http://neworleansconference.comSponsor:http://www.nestcowork.ioThe NEST CoWork spac...Read More
Interview with Erfan Kazemi, President & CEO of Horizon Copper Corp. Our previous interview: ...Read More
The spot price for spodumene concentrate ticked up due to tight availability of the raw material, while downstream global lithium prices continued to post steady gains in October after China's National Day holiday (October 1-7).Fastmarkets' assessment for spodumene 6% Li2O min, cif China basis was $2,100-2,500 per tonne on Thursday October 28, narrowing upward by $100 per tonne from $2,000-2,...Read More
JAKARTA, Dec 18 - Indonesia's state-owned miner PT Inalum expects to finalise a deal this week to take majority control of the local unit of global mining giant Freeport McMoRan Inc, the company's chief executive told Reuters on Tuesday.The deal will close "hopefully this week", said Budi Gunadi Sadikin, adding that a conclusion looked "highly likely."Inalum was proposing to sell a 10 percent stak...Read More
Global ferrous scrap prices surrendered to the downward pressure created by weak mill demand and tepid finished steel sales during the working week from Monday November 12 to Friday November 16, with the exception of those in India.Turkish import scrap prices fell, with only four cargo bookings made during the week. Import prices in Taiwan and Vietnam also continued to trend downward. India's impo...Read More
With things shaping up so well for gold, we can certainly take any short-term correction in our stride, and more than that, we can seize upon it as an opportunity to build positions further across the sector, whether by means of ETFs, stocks or options, and of course, gold itself.Several factors suggest that a modest short-term correction is likely before the major breakout occurs. Gold is overb...Read More
The Commonwealth of Independent States (CIS) export rebar and wire rod prices remained stable in the week to Monday May 18 while trading activity in the majority of the outlets was still modest, Fastmarkets learned.Some market participants expected some improvement in finished long-steel prices following the uptick in the scrap and billet segments last week, but there was no sufficient support on...Read More