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

The markets were in limbo this morning, Wednesday September 18, while they wait for developments on trade talks, the direction of oil prices and the outcome of this evening's US Federal Open Market Committee (FOMC) meeting and rate decision.Once again the recent show of strength in most of the metals has run into resistance, suggesting confidence is not strong enough to chase prices higher and tha...Read More

TIMMINS - Ontario's government is working for the people of Timmins by investing more than $780,000 in innovative research and four local manufacturing companies, creating 12 jobs.Today, Vic Fedeli, Minister of Economic Development, Job Creation and Trade, on behalf of Greg Rickford, Minister of Energy, Northern Development and Mines, was at The Bucket Shop Inc., a manufacturer of custom and refur...Read More

Ahead of Fastmarkets' Battery Materials Europe conference in Amsterdam, find out what our industry experts think are the key drivers in the market and what's on the horizon. Fastmarkets will host a free web seminar on Wednesday September 18 at 3pm London time to discuss recent market moves in the battery raw materials sector. Click here to register for the webinar. Date Wednesday September 18, 201...Read More

We've heard it all by now.The drones, the bombs, and the 5.7 million barrels per day of Saudi production that was lost.Both of my colleagues hit the nail on the head earlier this week when they covered the soaring oil prices and the drone technology behind the attacks.When I'm asked today how such a tragedy for the Saudi oil industry could happen, my reply is simple: From land, of course.Actually,...Read More

Market sources expected that domestic prices for hot-rolled coil (HRC) in Europe will continue to decline due to persisting poor demand and mounting pressure from reductions in import offer prices, sources told Fastmarkets on Wednesday September 18.Suppliers from Turkey and India have been active in the European market to compensate for the lack of buyer activity in their other traditional markets...Read More

Here is what's new today on INK Ultra Money.1. Bonds: The Fed & Trade Wars - Real Vision (free content)Komal Sri-Kumar, president of Sri-Kumar Global Strategies, updates his home-run trade on Treasuries and reviews his current outlook for recession. In this interview with Jake Merl, Sri highlights the upcoming FOMC meeting, discusses why the trade war is the main driver for the bond market, and n...Read More

Brazilian import volumes of flat and long steel displayed opposite tendencies in August, according to figures from the country's economy ministry published last week.Import volumes of flat steel declined year on year by 11.29% to 95,116 tonnes in the month, from 107,216 tonnes, mostly because of lower volumes imported from China.Imports of flat steel from China fell to 41,950 tonnes in August 2019...Read More

Prices for industrial-quality, low-carbon wire rod tumbled in the United States for the eighth consecutive month after input costs fell and distributors avoided buying for stock. Fastmarkets' price assessment for steel wire rod (low carbon) industrial quality, fob mill US fell to $30-31 per hundredweight ($600-620 per short ton) on Tuesday September 17 from $31.50-32.50 per cwt on Tuesday Aug...Read More

The price of wire rod delivered in the Southern European market went down this week amid slow trading, Fastmarkets heard on Wednesday September 18.Fastmarkets' assessment of the price of steel wire rod (mesh-quality), domestic, delivered Southern Europe, was ?,?470-490 ($519-541) per tonne on Wednesday, down by ?,?10 per tonne from the week...Read More

The price of rebar exported from Southern European ports decreased this week because of weak demand and competition with Turkish material, sources told Fastmarkets on Wednesday September 18.Global demand for rebar was down, sources said, on macroeconomic concerns driven by factors such as the UK's intended departure from the EU ("Brexit") and the global trade war.But countries in the region were s...Read More

By Robert LambourneWednesday, September 18, 2019The July and August statements of account for the Bank for International Settlements indicate that the bank has continued to engage in gold swaps this summer. The BIS uses swaps and other gold derivatives to gain access to gold held by commercial banks.But recent swap levels at the BIS remain much lower than in the second half of last year.There is...Read More

By: Ira EpsteinGold forming into a bearish trend, lower highs and lower lows...Read More

By: Ira EpsteinGold - which will the market decide to go. For now, I will say the bears have control..Read More

By: Avi GilburtI am simply amazed at how much email I have been getting asking my opinion regarding the latest "manipulation" cases. And, many of those are asking me if I am finally convinced that the metals market was manipulated to drop from 2011 to 2015.Well, let's try to walk through the issues together. Let's start this article by identifying that about which we are speaking. You see,...Read More

Stefan Gleason, Money Metals ExchangeMonday's spike in crude oil prices could be a game changer - for geopolitics, for the economy, and for investors.Normally it would be foolhardy to draw big, sweeping conclusions from a single day's trading activity.But in this case, it's not just the fact that oil prices surged 13% to over $62/barrel. Or even the fact that more than 5% of the world's oil prod...Read More

Scrap suppliers succumbed to lower bids from Turkish steel mills and deep-sea scrap import prices have fallen by almost $10 per tonne in the latest transactions as a result, sources said on Wednesday September 18.A UK supplier sold two cargoes of HMS 1&2 (80:20) to two Turkish steel mills in the Iskenderun region at $228 per tonne cfr - one of 17,000 tonnes and the other 20,000 tonn...Read More

Peter Schiff is an internationally recognized economist specializing in the foreign equity, currency and gold markets. Mr. Schiff made his name as President and Chief Global Strategist of Euro Pacific Capital. He frequently delivers lectures at major economic and investment conferences, and is quoted often in the print media, including the Wall Street Journal, New York Times, Barron's, BusinessWee...Read More

Missiles are flying in the Middle East, Saudi oil production has been halved and we're worrying about negative interest rates. Trump is proving to be the Master Debaser. Lower interest rates will cure all the world's ills. Precious metals can't accommodate all the world's flight capital. Therefore, the US stock markets have become the home for scared money. What other choice is there?John Rubino i...Read More

Seaborne iron ore prices softened further on Wednesday September 18 amid a roller-coaster ride in the futures market.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $96.42 per tonne, down by $0.75 per tonne.62% Fe Pilbara Blend fines, cfr Qingdao: $96.81 per tonne, down by $0.75 per tonne.62% Fe low-alumina fines, cfr Qingdao: $94.43 per tonne, down by $1.70 per tonne.58% Fe fines high-prem...Read More

Rick Rule, president and CEO of Sprott US Holdings, provides his insights on today's junior resource market and the opportunities available to speculators. Rick shares his key takeaways from the 2019 Sprott Natural Resource Symposium and comments on the type of money flowing into the gold equities. Rick offers his current thoughts on how investors might look to profit from the expected divestiture...Read More