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
White Gold Corp. (TSX.V: WGO, OTC - Nasdaq Intl: WHGOF, FRA: 29W) is the largest land holder in the prolific White Gold District, in Canada's Yukon, which has been the area of multiple high-grade and world-class discoveries in recent years. We learned from David D'Onofrio, CEO of White Gold, that their land package was assembled by Shawn Ryan, one of the most successful prospectors of all time and...Read More
Ahead of Fastmarkets' Battery Materials Europe conference in Amsterdam, we hosted a free web seminar to discuss recent market moves in the battery and EV sector, and what to expect over the coming months. If you missed it, follow the link below to listen to the free recording. What is driving the battery raw materials markets? During the webinar, we discussed: Cobalt: metal, salts and interme...Read More
Here is what's new today on INK Ultra Money. All Canadian Insider users have access to free episodes from Real Vision. INK Research CIA subscribers have full access to all Ultra Money videos including premium content. Non-INK subscribers can sign-up directly on INK Ultra Money or stay tuned for a special offer coming here soon.1. What the Fed Cut Means for the Treasury Trade - Real Vision (Free)T...Read More
Expectations of stockpiling activity ahead of the Chinese National Day holiday (October 1-7) have boosted sentiment among suppliers, leading to higher spot quotations for battery raw materials, including cobalt sulfate and tetroxide. Fastmarkets' assessment for cobalt tetroxide 72.6% Co min, delivered China rose to 200,000-210,000 yuan ($28,140-29,547) per tonne on Wednesday September 18, up...Read More
Domestic price sentiment for hot-dipped galvanized coil (HDG) in Europe has continued to be negative in the week ended Thursday September 19 due to slow market activity, sources have told Fastmarkets.Fastmarkets' weekly price assessment for steel HDG, domestic, exw Northern Europe, was unchanged over the week at ?,?550-570 ($608-630) per tonne ex-works on September 19, reflecting the latest deals...Read More
China's domestic hot-rolled coil prices dropped on Thursday September 19 amid expectations of higher output in the northern region in the next six months. DomesticEastern China (Shanghai): 3,640-3,650 yuan ($513-514) per tonne, down 50 yuan per tonneNorthern China (Tangshan): 3,600-3,610 yuan per tonne, narrowing downward by 10 yuan per tonneA draft of measures to cut emissions in northern China d...Read More
Import prices for steel billet in Egypt fell in the week ended Thursday September 19, amid lower offer prices from the Commonwealth of Independent States.Buyers were reluctant to book because of the uncertainty about the possible imposition of safeguard duties.The Supreme Administrative Court of Egypt has again postponed its decision on the possible re-imposition of safeguard duties on billet and...Read More
Turkish domestic prices for rebar and wire rod have gone down over the past seven days amid weakening imported scrap costs and sluggish demand, sources said on Thursday September 19.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar) domestic, exw Turkey, was TRY2,750-2,820 ($483-496) per tonne on Thursday, down from last week's TRY2,825-2,920 per tonne.The domestic rebar prices...Read More
Turkish long steel export prices have continued to weaken over the past week in line with the falling imported scrap values and limited demand for the material, sources said on Thursday September 19.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar) export, fob main port Turkey, was $400-410 per tonne on an actual-weight basis on Thursday, down from last week's $410-415 per ton...Read More
The deep-sea scrap import market in Turkey was quiet again after earlier bookings of UK-origin cargoes sent prices down sharply, sources said on Thursday September 19.On Wednesday, two steel mills in the Iskenderun region booked UK cargoes at $228 per tonne cfr for HMS 1&2 (80:20).After these sales, the daily scrap indices went down by almost $10 per tonne on September 18.Steel producers and scrap...Read More
Seaborne iron ore prices continued to fall on Thursday September 19 amid retreats in the futures and steel markets.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $93.23 per tonne, down $3.19 per tonne.62% Fe Pilbara Blend fines, cfr Qingdao: $93.62 per tonne, down $3.19 per tonne.62% Fe low-alumina fines, cfr Qingdao: $91.47 per tonne, down $2.96 per tonne.58% Fe fines high-...Read More
- Patrick ByrneDear Erstwhile Teammates, As you will learn from an SEC filing today, over this past week all my shares in OSTK were sold. Before I left for Australia I put it all in the hands of Mr. Pettway (whom some of you know), for it had already become clear to me that this was the right thing to do (and I decided to come SCUBA-diving in Asia so as to be as far...Read More
"We can ignore reality, but we cannot ignore the consequences of ignoring reality." - Ayn RandSomething big is happening beneath the surface of a Dow and S&P 500 trading near all-time highs. The soaring repo rate, more demand for overnight Fed funding loans than is being supplied and a big move in the price of gold since the end of May are clear indicators.The global financial system is unsusta...Read More
Dear Friend of GATA and Gold:Delighted as we all may be with this week's news -- the new indictments of JPMorganChase employees involved with the gold market, the U.S. Justice Department's designation of the investment bank as a criminal enterprise, and the prospects of more indictments -- GATA has to admit a couple of things about the situation.First, the market manipulation of which the bank's...Read More
Gary Christenson, Deviant InvestorFrom Ralph Waldo Emerson: "It's not the destination, it's the journey."His insight applies in life, investing, analysis, the S&P 500 Index, gold, silver and others. Consider these examples.You have $10 million to invest in a business and are searching for a manager. CEO #1 and CEO #2 have both amassed a personal fortune over $100 million. Which one do you choose...Read More
The Fed's so-far $128 billion intervention in the repo market slipped off the Wall Street Journal's front page by evening, hardly a concern. Don't be surprised if, years from now, the squeeze on short-term borrowers that caused this flurry of excitement is cited as an early warning sign of the banking system's coming collapse. On Tuesday, there simply weren't enough dollars around to keep short...Read More
By: Gary SavageGold $1,450 / $1,480 as potential downside targets. Gold is just going to take some time to undergo intermediate correction..Read More
The behind-the-scenes commentary! Have you ever wondered just what went into the spectacular productions that Mike has been bringing you for so many years? Let Mike show you how the magic happens as he walks you through the extraordinary work his innovative, talented, and driven team. Mike will let you in on the single best restaurant he's ever been to in his world travels (an out-of-the-way Rome...Read More
Charles Hugh Smith weights in on the FED's dangerous game of financial chess with our economy, on top of that we dive deep into the correlation between our living standards and the stock market.With QE insanity all around, are Gold and Bitcoin the answer to protecting our wealth from long term destruction? TOPICS IN THIS INTERVIEW:02:45 A correlation between the stock market and living standards05...Read More
According to our good friend Jeff Berwick, reality is completely upside down and reversed. Like in Orwell's novel 1984, ignorance is strength, slavery is freedom etc. People in America believe they're completely free, when in reality the opposite is becoming more true by the day. Jeff's prescription is anarcho-capitalism, free trade in the absence of any government. Whether it's workable or not is...Read More