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
David HaggithAs noted in my last article, "Fed Loses Control of its Benchmark Interest," bank liquidity strains are written all over this month's troubles. Some may find that hard to believe because there is so much hot air (fiat money) still floating the system from a historical standpoint. There is a sound fundamental reason, however, that a lot is not enough. The diminished money supply is...Read More
By: Ira EpsteinGold is rocking and rolling back and forth without a trend:Read More
Traded volumes and open interest have remained high for the CME's aluminium premiums futures contracts even after spot market volatility eased this year, Sean Kessler, manager of metals products at the Chicago Mercantile Exchange said on Wednesday September 25. Speaking at Fastmarkets' International Aluminium conference in Athens, Greece, Kessler said sustained high volumes during current quieter...Read More
Domestic price sentiment in Europe for hot-dipped galvanized coil (HDG) has fallen over the past week due to slow market activity, sources told Fastmarkets on Thursday September 26.Fastmarkets' weekly price assessment for steel HDG, domestic, exw Northern Europe, was ?,?520-550 ($571-604) per tonne ex-works on September 25, down from ?,?550-570 per tonne ex-works. The assessment reflected deals an...Read More
Fastmarkets published its coking coal indices three hours later than scheduled on Thursday September 26 due to technical problems.The following indices were published in Fastmarkets' price book later than scheduled:Premium Hard Coking Coal, cfr Jingtang, $/tonne Hard Coking Coal, cfr Jingtang, $/tonne Premium Hard Coking Coal, fob DBCT, $/tonne Hard Coking Coal, fob DBCT, $/tonne&nb...Read More
Here are five Fastmarkets MB stories you might have missed on Thursday September 26 that are worth another look.Traded volumes and open interest have remained high for the CME's aluminium premiums futures contracts even after spot market volatility eased this year, Sean Kessler, manager of metals products at the Chicago Mercantile Exchange said on Wednesday September 25.China's domestic stainless...Read More
The bullish fundamentals continue to mount... What are some clues the next rally is about to begin?Well, the mainstream is having a hard time avoiding gold & silver.Gold is, after all, up over 17%, year-to-date, and silver is up nearly 16% year-to-date.Enter Bloomberg, the go-to financial news source for the mainstream.I'm actually impressed to see the MSM interviewing Keith Neumeyer.Why?Well, th...Read More
The three-month copper price on the London Metal Exchange had declined by the close of trading on Thursday September 26, below the $5,800-per-tonne resistance level while turnover was thin against an ascending US dollar index. Copper's outright price on the LME closed at $5,722 per tonne - its lowest level since September 3 - while volumes traded were light with just over 11,100 lots exchange...Read More
Silver's next major resistance is at...by Captain Ewave of CaptainEwaveCaptain EwaveGold: Possible Upside Wave ExtensionEmail: [email protected] Website: www.captainewave.com GOLD: Short Term UpdateWe are now working on the assumption that all of wave *iii* is complete at the 1565.00 high, and that over the last week or so we have been falling in wave *iv*.Our current low within wave *iv* is 1...Read More
Traded volumes and open interest have remained high for the CME's aluminium premiums futures contracts even after spot market volatility eased this year, Sean Kessler, manager of metals products at the Chicago Mercantile Exchange said on Wednesday September 25. Speaking at Fastmarkets' International Aluminium conference in Athens, Greece, Kessler said sustained high volumes during current quieter...Read More
If the U.S. government decides it needs large amounts of silver, where will they look?by Matt from Silver Fortune via Silver FortuneIf the U.S. government decides it needs large amounts of silver, where will they look? Read More
Physical iron ore prices strengthened on Thursday September 26 following gains in the futures market.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $90.91 per tonne, up by $0.57 per tonne.62% Fe Pilbara Blend fines, cfr Qingdao: $91.30 per tonne, up by $0.57 per tonne.62% Fe low-alumina fines, cfr Qingdao: $89.45 per tonne, up by $1.79 per tonne.58% Fe fines high-premium, cfr Qingdao: $80....Read More
Steel billet prices in the CIS region decreased slightly in the week ended Thursday September 26 after last week's rebound, because of the resumed softening of scrap prices in Turkey.Several billet cargoes were reported sold to Asia and Egypt at prices of less than $360 per tonne fob Black Sea, Fastmarkets learnt.Fastmarkets' daily steel billet index, export, fob Black Sea, CIS, was $357 per tonne...Read More
Turkish rebar and wire rod export prices have gone down further over the past week amid falling imported scrap values and limited demand, sources said on Thursday September 26.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar) export, fob main port Turkey was $395-402 per tonne on Thursday, down from $400-410 per tonne fob on actual weight basis last week.The steel producers in...Read More
Here are five Fastmarkets MB stories you might have missed on Thursday September 26 that are worth another look.Traded volumes and open interest have remained high for the CME's aluminium premiums futures contracts even after spot market volatility eased this year, Sean Kessler, manager of metals products at the Chicago Mercantile Exchange said on Wednesday September 25.China's domestic stainless...Read More
Global lead producer and recycler Eco-Bat Technologies announced a slew of promotions on Thursday September 26, including naming Jimmy Herring as both the president and chief executive officer. Prior to this new appointment, Herring was Eco-Bat's chief financial officer and managing director of the Germany office. Herring will continue to hold the post of managing director in Germany when he takes...Read More
Alumina prices are at a two year low and market participants at Fastmarkets' International Aluminium conference in Athens, Greece, are downbeat for the rest of the year, adding that the price floor had been lowered for alumina. Market sources gathering at the annual event on September 23-25 have reported continued offers for significant volumes of alumina they "just don't need" and expect demand b...Read More
Major aluminium producers and Japanese buyers are closer to reaching a premium settlement for their fourth-quarter aluminium supply after further deals were concluded at a premium of $97 per tonne to main Japanese ports (MJP), Fastmarkets learned on Thursday September 26. Confirmed deals amounting to just above 16,000 tonnes have been reported to Fastmarkets as of Thursday following some initial d...Read More
The three-month copper price on the London Metal Exchange consolidated during morning trading on Thursday September 26, trading just below the $5,800-per-tonne resistance level despite more than 65,000 tonnes of LME-registered cathode booked for removal this week. Volumes traded in the red metal were moderate over Asian trading hours, with just over 2,100 lots exchanged as at 9am London time. Pric...Read More
Primary aluminium stocks at the three main Japanese ports (MJP) of Osaka, Nagoya and Yokohama rose by 5.6% month on month in August, according to data released by major Japanese trading house Marubeni Corp on Thursday September 26.Total aluminium stocks at the three ports totaled 326,100 tonnes at the end of August compared with 308,800 tonnes at the end of July. It is the third consecutive monthl...Read More