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
Poor demand continues to weigh on Indian silico-manganese prices. Indian silico-manganese prices now down for six weeks runningEuropean alloy prices hold steady in thin tradingManganese ore prices keep sliding on poor demand, plentiful supplyUS prices remain flat in inactive market. Indian silico-manganese export prices dropped for a sixth consecutive week due to persistent weak demand domesticall...Read More
Ontario's government is supporting an infrastructure project in the Manitoulin District, creating one direct full-time job and nine indirect full-time jobs.Today, Parliamentary Assistant Dave Smith, on behalf of Greg Rickford, Minister of Energy, Northern Development and Mines and Minister of Indigenous Affairs, announced the Wikwemikong Development Commission is receiving $1 million to develop a...Read More
Fastmarkets has amended the specifications of its two cobalt hydroxide price assessments to take account of chemical components, mine origin of material eligible for consideration, and publication frequency. Following a consultation, Fastmarkets has tightened the chemical specification of the cobalt hydroxide payable indicator, min 30% Co, cif China, % payable of Fastmarkets' standard-grade cobalt...Read More
Brazilian domestic flat steel prices fell in October, when discounts became more widespread and steelmakers were announcing price increases to try to reverse the trend.Fastmarkets' price assessment for steel hot-rolled coil, domestic, monthly, exw Brazil, was at 2,245-2,425 Reais ($546-590) per tonne on Friday October 4, down from 2,250-2,470 Reais per tonne on September 6.The assessment for&...Read More
Flat steel import prices into the United Arab Emirates and Saudi Arabia were stable this week on limited demand, sources told Fastmarkets on Tuesday October 8.Buyers were reluctant to book large tonnages before prices hit a market bottom and end-user demand begins to improve, they said. UAE Offer prices for hot-rolled coil (HRC) from China were heard at $450-460 per tonne cfr this week, with offer...Read More
Export prices for Chinese cold-rolled coil and hot-dipped galvanized coil were unchanged during the week to Tuesday October 8 due to Golden Week - the week-long holiday to mark the country's 70th anniversary. Cold rolled coil Fastmarkets' weekly price assessment for steel cold-rolled coil (CRC), export, fob China, was $500-505 per tonne on Tuesday October 8, unchanged from September 24. No of...Read More
When I was in middle school, one of my Saturday chores was to sweep the coal dust off the front porch. We lived at 1016 Westover Avenue, in the West Ghent neighborhood of Norfolk, Virginia. My father was in the Navy, and at that point in his career he was marking his time with the Second Fleet Admiralty.I fell asleep every night to the sound of coal trains rumbling, banging, blowing horns, and sha...Read More
The import price for steel billet in the United Arab Emirates has narrowed over the past week and both import and domestic prices for rebar have fallen slightly, with demand for products only moderate, sources said on Tuesday October 8.New domestic prices for rebar for the month were announced by the country's producers on September 26. Both Emirates Steel and Conares reduced their prices.Billet i...Read More
China's domestic rebar prices moved down on Tuesday October 8 on heightened selling interest and weak futures on the first working day after the country's Golden Week. Domestic Eastern China (Shanghai): 3,740-3,780 yuan ($525-530) per tonne, down 20-30 yuan per tonneNorthern China (Beijing): 3,590-3,630 yuan per tonne, down 10 yuan per tonneStockists who built up their inventories late in Septembe...Read More
The latest bids, offers and deals in the global markets for rebar, wire rod, beams and other long steel products.Latest transaction: rebar, wire rodRebar East China, domestic, grade III 16-25mm...Read More
Turkish steel mills continued to stay out of the deep-sea scrap markets on Tuesday October 8 with prices unchanged on a lack of fresh bookings, according to market sources. Market participants told Fastmarkets that mills in Turkey booked a lot of cargoes for November shipment and can now take a break and focus on finished steel markets. But market participants believe...Read More
Physical iron ore prices rose on Tuesday October 8 on likely easing production restrictions in north China.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $94.77 per tonne, up $1.39 per tonne. 62% Fe Pilbara Blend Fines, cfr Qingdao: $94.05 per tonne, up $1.14 per tonne.62% Fe low-alumina fines, cfr Qingdao: $93.50 per tonne, up $1.78 per tonne. 58% Fe fines high-premium, cfr Qingdao...Read More
Vale expects Chinese demand for iron ore pellets and pellet feed to rise by 50 million tonnes per year with mills in China increasing the usage of pellets in their blast furnaces.It estimates that pellet consumption could increase its proportion of the total raw material mix in blast furnaces from 11% in 2015 to 19% in 2025, according to a presentation that the Brazilian miner showed to investors...Read More
The import price for steel billet in the United Arab Emirates has narrowed over the past week and both import and domestic prices for rebar have fallen slightly, with demand for products only moderate, sources said on Tuesday October 8.New domestic prices for rebar for the month were announced by the country's producers on September 26. Both Emirates Steel and Conares reduced their prices.Billet i...Read More
China's domestic rebar prices moved down on Tuesday October 8 on heightened selling interest and weak futures on the first working day after the country's Golden Week. Domestic Eastern China (Shanghai): 3,740-3,780 yuan ($525-530) per tonne, down 20-30 yuan per tonneNorthern China (Beijing): 3,590-3,630 yuan per tonne, down 10 yuan per tonneStockists who built up their inventories late in Septembe...Read More
- Michael J. Kosares1. It is led by institutions and funds, not private investors. Global quantitative easing created a huge and mobile pool of capital in constant need of a place to call home. As the need for a safe haven became apparent among the stewards of that capital, the demand for gold flourished. The consistent presence of funds and institutions as buyers in this rally, as repre...Read More
Stefan GleasonDespite the gravity of an impeachment inquiry that threatens to bring down the presidency of Donald J. Trump, markets have largely shrugged it off.The reason? Odds of a two-thirds majority in the Republican-controlled Senate voting to remove Trump from office are slim.What has Wall Street more concerned are the rising odds of Elizabeth Warren becoming the Democrat nominee for presi...Read More
Avi Gilburt I have been providing public analysis for the last eight years on many forums in addition to our main website Elliottwavetrader, which just celebrated its 8th anniversary. In fact, my first major public call in the market was when I suggested that the gold would top at $1,915 back in the fall of 2011:"Again, since we are most probably in the final stages of this parabolic fifth w...Read More
By: Ira EpsteinGold is caught whipping back and forth. Pattern is lower-highs and lower-lows, which is bearish unless gold (dec) gets back above $1,525:Read More
Yesterday's fall was due to inability to rise and profit taking before the US-China trade talk. Short sellers become active once gold started to fall. Right now the fall in gold is just a correction. If gold and silver fall today and tomorrow, then it will move into a short term bearish phase. I am not buying gold and silver today. Chinese are not buyers. Just remember that correction of $125-$1...Read More