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

Many believe that negative interest rates willnever arrive to the United States. This can’t possibly happen here. Thediscussions of their theoretical benefits almost remind you of thenot-in-my-backyard mentality. But this is not true – they are already presentin America. Hard to believe it? Hiding in plain sight, let’s take it a stepfurther and look at gold in the negative real i...Read More

A year ago today,the cannabis sector was booming. Everyone seemed to want a piece of the sectorthat was sure to continue flying in the long run. The only problem - thatwasn’t the case!As soon as Canadalegalized adult use cannabis, it seemed as though all the hopes of strong salesflew out of the window. Aurora Cannabis (ACB) traded at more than $11 per sharein mid-October, 2019. By mid-Decemb...Read More

Domestic prices for cold-rolled coil (CRC) in the EU have been under pressure from limited market activity, sources told Fastmarkets on Wednesday October 9.Demand from end-users has been low, according to market participants. In addition, buyers believed that prices would go down and therefore they preferred to hold back from purchases until prices reached a market bottom.Domestic prices for hot-r...Read More

TheFederal Reserve’s recent need to supply $100’s of billions in new credit forthe overnight repo market underscores the condition of dollar scarcity in the globalfinancial system. This dearth of dollars and its concomitant strength has left mostmarket watchers baffled. Since2008, the Fed has printed $3.8 trillion (with a “T”) of new dollars in aneffort to weaken the curren...Read More

Domestic prices for steel wire rod across Europe remained unchanged this week, but market participants were keeping a close eye on the ferrous scrap sector to see if recent developments there would turn into a sustainable price recovery, sources told Fastmarkets on Wednesday October 9.Fastmarkets' index for steel scrap, HMS 1&2 (80:20 mix), North Europe origin, cfr Turkey, fell by 24% from the beg...Read More

The three-month copper price on the London Metal Exchange was lower at the close of trading on Wednesday October 9, remaining below the $5,700 per tonne resistance level amid thin volumes, while forward spreads in nickel tightened over the afternoon.Copper's outright price closed at $5,684 per tonne in the afternoon, keeping below nearby resistance while volumes traded were moderately low at just...Read More

The price of steel rebar in the Southern European domestic and export markets was slightly lower this week because limited export opportunities were creating an excess of supply, sources told Fastmarkets on Wednesday October 9.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), domestic, delivered Southern Europe, was ?,?445-465 ($488-510) per tonne on Wednesday, widening downw...Read More

- Craig Hemke, TF Metals ReportPrecious metals prices have rallied in 2019 as global central banks reverse their policies of tightening and rate increases. And now even more rate cuts and restarted QE are on the way.If anything, none of this should come as a surprise to regular readers of these weekly updates. Though nearly every Wall Street economist was forecasting rate hikes in 2019, we sto...Read More

Gary Christenson, Deviant Investor"Hello, my name is Jerome. I'm a central banker.""Hello, my name is Janet. I'm a Keynesian.""Hello, my name is Ben. I'm a monetizer.""Hello, my name is Alan. I'm an inflationist.""Hello, my name is Paul. I'm a central banker."The sponsor spoke as he smoothed the jacket of his $10,000 suit. "Welcome to our special session of Central Bankers Anonymous. At this poi...Read More

By: Ira EpsteinGold lower highs with lower lows, can gold get above $1525.8? Who is controlling the markets?Read More

Jordan Roy-Byrne CMT, MFTAAs the correction in gold stocks continues and as it's likely to endure for the time being, we take a step back and share some tips for selecting individual junior gold companies.The current correction may provide the last chance to buy before the bull market in Gold is confirmed and capital pours into the junior sector and pushes up prices.Here are three of our best ti...Read More

High chances that there will not be a trade deal between USA-China will result in gold and silver trading with a bullish bias. Trade war between USA-China and USA-Rest of the world, will only rise if there is no trade deal this week. Gold and silver will zoom to $1600 and $1900 as a result. Keep a close watch on Syria. Turkey is trying to take over the Kurdish region of Iraq and Syria. Russia is...Read More

Here are five Fastmarkets MB stories you might have missed on Wednesday October 9 that are worth another look.China, the world's biggest steelmaker, is considering importing hot-rolled coil on possible arbitrage opportunities with Russia and Iran, Fastmarkets understands. The alumina index on a fob Australia basis fell by 3.4% week on week, moving below $280 per tonne for the first time...Read More

The three-month copper price on the London Metal Exchange was lower at the close of trading on Wednesday October 9, remaining below the $5,700 per tonne resistance level amid thin volumes, while forward spreads in nickel tightened over the afternoon.Copper's outright price closed at $5,684 per tonne in the afternoon, keeping below nearby resistance while volumes traded were moderately low at just...Read More

The alumina index on a fob Australia basis is down by 3.4% week on week and below $280 per tonne for the first time since May 2017. Fastmarkets' daily alumina index, fob Australia fell to $279.29 per tonne on Wednesday October 9, from $280.64 per tonne the previous day and from $289.53 per tonne on October 2.  The index is now down 29.5% from the start of the 2019. Key drivers:  The...Read More

Trading activity in the seaborne coking coal market remained muted on Wednesday October 9 with Chinese buyers' optimism yet to translate into transactions while those elsewhere remained on the sidelines.Fastmarkets indicesPremium hard coking coal, fob DBCT: $146.37 per tonne, up $0.29 per tonnePremium hard coking coal, cfr Jingtang: $159.72 per tonne, up $0.02 per tonne Hard coking coal, fob DBCT:...Read More

The price of steel rebar in the Northern European domestic market was unchanged this week amid signs that the downward trend in the ferrous scrap market may have finally come to an end, sources told Fastmarkets on Wednesday October 9Fastmarkets' weekly price assessment for steel rebar, domestic, delivered Northern Europe, was ?,?460-475 ($505-521) per tonne on Wednesday, unchanged week on week. "W...Read More

An overview of the minor metals markets and their latest price moves.Read More

Here are five Fastmarkets MB stories you might have missed on Wednesday October 9 that are worth another look.China, the world's biggest steelmaker, is considering importing hot-rolled coil on possible arbitrage opportunities with Russia and Iran, Fastmarkets understands. The alumina index on a fob Australia basis fell by 3.4% week on week, moving below $280 per tonne for the first time...Read More

Stainless steel scrap dealers and processors have little optimism that the market in the United States will strengthen any time soon after prices weakened again this week despite an uptick in nickel pricing after exchange stocks dropped by more than 39,000 tonnes."It is very frustrating to see London Metal Exchange nickel prices remain strong around the $8-per-lb mark and watch stainless stee...Read More