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Portside losses, high inventory add more pressure on seaborne manganese ore

November 24, 2020 / www.metalbulletin.com

Seaborne prices of both low and high-grade manganese ore in China registered further falls in the week to November 20 after falling portside ore prices and continuously rising port inventories continued to weigh on overall market sentiment, sources said.Fastmarkets' manganese ore index 37% Mn, cif Tianjin fell by 13 cents, or 3.4%, week on week to $3.70 per dry metric tonne unit (dmtu) on Friday N...Read More

Donald Trump appears to admit Covid is 'running wild' in the US

November 24, 2020 / marketsanity.com

"The Fake News is not talking about the fact that "Covid" is running wild all over the World, not just in the U.S. I was at the Virtual G-20 meeting early this morning and the biggest subject was Covid. We will be healing fast, especially with our vaccines!"Continue...Read More

Note to Fed: Be Careful What You Wish For

November 23, 2020 / www.theaureport.com

Sector expert Michael Ballanger examines the charts for commodities like soybeans and the components used in handheld electronic devices, and reflects on what they say about the future prospects of those who hold mortgages and invest in precious metals. As I peruse my favorite website in search of technical patterns for various commodities and stocks, I am reminded of the soon-to-be-immortal wor...Read More

Bob Moriarty's Common Sense Approach to Precious Metals and Resource Stocks

November 23, 2020 / www.theaureport.com

Maurice Jackson of Proven and Probable speaks with Bob Moriarty of 321gold about national debt, precious metals and resource stocks. Maurice Jackson: Joining us for our conversation is Bob Moriarty, the founder of 321 Gold, and 321energy.com, and a world-renowned author. Bob, everyone is discussing the election, but you pointed out that there is a bigger elephant in the room that American needs t...Read More

Out with the Old, In with the New Gold

November 23, 2020 / www.theaureport.com

Money manager Adrian Day has "a new buy, one of the largest gold miners in the world," and expects to sell some positions in coming weeks to make room for additional new buys. Buy Barrick Gold with Limit of $25.53 Barrick Gold Corp. (ABX:TSX; GOLD:NYSE, US$25.49), the world's second largest gold producer, has been transformed since it merged with Randgold and the latter's Dr. Mark Bristow took ov...Read More

IN CASE YOU MISSED IT: 5 key stories from November 23

November 24, 2020 / www.metalbulletin.com

Here are five Fastmarkets stories you might have missed on Monday November 23 that are worth another look.European steel association Eurofer has filed a request to the European Commission to extend safeguard measures beyond their original expiration date of June 30, 2021, Yuriy Rudyuk, partner at Brussels-based law firm Van...Read More

Eurofer requests extension of EU safeguard measures, trade lawyer says

November 24, 2020 / www.metalbulletin.com

European steel association Eurofer has filed a request to the European Commission to extend safeguard measures beyond their original expiration date of June 30, 2021, Yuriy Rudyuk, partner at Brussels-based law firm Van Bael & Bellis, said during a Steel Trade Day webinar on November 20. Eurofer filed a complaint on November 3, 2020, according to Rudyuk. The EC opened an investigation in late Marc...Read More

Gold and Silver Now and Then - A Comparison / Commodities / Gold & Silver 2020

November 23, 2020 / www.marketoracle.co.uk

When making decisions regarding thegold mining stocks sector, some will choose to follow price actions whileothers will use indicator tools. The Gold Miners Bullish Percent Index ($BPGDM)is one such tool, essentially being a gauge of overbought and oversoldconditions for the gold mining sector with readings plotted on a range between0 and 100. Anything below 30 suggests oversold conditions while r...Read More

IN CASE YOU MISSED IT: 5 key stories from November 23

November 24, 2020 / www.metalbulletin.com

Here are five Fastmarkets stories you might have missed on Monday November 23 that are worth another look.European steel association Eurofer has filed a request to the European Commission to extend safeguard measures beyond their original expiration date of June 30, 2021, Yuriy Rudyuk, partner at Brussels-based law firm Van...Read More

LIVE FUTURES REPORT 23/11: Base metals prices correct after last week's rises

November 24, 2020 / www.metalbulletin.com

The London Metal Exchange base metals complex had a small collective dip at the close of trading on Monday November 23, correcting after most base metals had gone to multi-year or year-to-date highs in the preceding week.Sentiment was cautious at the end of Friday with the three-month prices of metals such as copper, lead and nickel rallying and up by about 2%, but with market participants worried...Read More

EUROPE HRC WRAP: Domestic prices keep rising on material shortage

November 24, 2020 / www.metalbulletin.com

Domestic prices for steel hot-rolled coil increased again across Europe in the week to Friday November 20, due to tight supply from both domestic and overseas suppliers.Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe, at ?,?541.25 ($641.66) per tonne on Friday, up by ?,?16.15 per tonne week on week and by ?,?44.75 per tonne month on month.Friday's index...Read More

Eurofer requests extension of EU safeguard measures, trade lawyer says

November 24, 2020 / www.metalbulletin.com

European steel association Eurofer has filed a request to the European Commission to extend safeguard measures beyond their original expiration date of June 30, 2021, Yuriy Rudyuk, partner at Brussels-based law firm Van Bael & Bellis, said during a Steel Trade Day webinar on November 20. Eurofer filed a complaint on November 3, 2020, according to Rudyuk. The EC opened an investigation in late Marc...Read More

IN CASE YOU MISSED IT: 5 key stories from November 23

November 24, 2020 / www.metalbulletin.com

Here are five Fastmarkets stories you might have missed on Monday November 23 that are worth another look.European steel association Eurofer has filed a request to the European Commission to extend safeguard measures beyond their original expiration date of June 30, 2021, Yuriy Rudyuk, partner at Brussels-based law firm Van...Read More

FOCUS: Surging freight rates encourage demand shift in graphite market, sources say

November 24, 2020 / www.metalbulletin.com

Graphite consumers outside Asia, especially those in Europe and the United States, could diversify their supplier base because of skyrocketing costs for freight from China and the strength of the East Asian country's yuan, although it will remain a major exporter of graphite, according to market sources.China accounted for over 60% of the world's total output of flake graphite during 2019 and is a...Read More

LIVE FUTURES REPORT 23/11: Base metals prices correct after last week's rises

November 24, 2020 / www.metalbulletin.com

The London Metal Exchange base metals complex had a small collective dip at the close of trading on Monday November 23, correcting after most base metals had gone to multi-year or year-to-date highs in the preceding week.Sentiment was cautious at the end of Friday with the three-month prices of metals such as copper, lead and nickel rallying and up by about 2%, but with market participants worried...Read More

Lundin targets partial Candelaria ops restart after main striking union agrees to offer

November 24, 2020 / www.metalbulletin.com

Copper production could resume at Lundin's Candelaria copper mine in Chile after the company agreed a new collective bargaining agreement with a portion of striking workers there, Fastmarkets understands.Lundin reached a deal with around 550 workers from the AOS Union who had been striking over payment while workers...Read More

COKING COAL DAILY: Fob hard coking coal seaborne prices dip amid talk of China buyers becoming sellers

November 24, 2020 / www.metalbulletin.com

Seaborne hard coking coal fob Australia prices have eased on Monday November 23 amid talk in the market of Chinese buyers possibly re-selling cargoes that have been floating on water, sources said.Fastmarkets indicesPremium hard coking coal, fob DBCT: $99.22 per tonne, up $0.82 per tonnePremium hard coking coal, cfr Jingtang: $160.27 per tonne, unchangedHard coking coal, fob DBCT: $90.53 per tonne...Read More

Gold, Silver, Stock Market & Oil Weekly Chart Waves

November 23, 2020 / www.silverdoctors.com

Silver is arguably more impressive than gold right now...by Captain Ewave of CaptainEwaveCaptain Ewave"Gold, Stk Mkt, & Oil: Weekly Chart Waves"Email: [email protected]Website: www.captainewave.comS&P500:Within wave -iii-, we completed wave .iii. at the 3588.11 high, and all of wave .iv. as a failure at 3233.94.Our current high for wave .v is 3545.99, which is a bit short of our projected endpoin...Read More

SILVER ALERT: Silver Shorts TRAPPED In Huge December Delivery Month!!!

November 23, 2020 / www.silverdoctors.com

With only 3 trading days left before the December Delivery month the Silver Shorts are Throwing tantrums to try and shake off their...by Bix Weir of Road to RootaWith only 3 trading days left before the December Delivery month the Silver Shorts are Throwing tantrums to try and shake off their 260M oz Short Position! How many contacts can they cover before Wednesday?! It's HODL time my silver lover...Read More

Americans Are Leading The World By Hedging Their Bets In Silver

November 23, 2020 / www.silverdoctors.com

This year, Americans have purchased one out of every three ounces of physical silver bar and coin compared to the rest of the world, and, that's not all... by Steve St Angelo of SRSrocco ReportWhen it comes to silver, Americans are leading the world in hedging their bets in the shiny metal. This year, Americans have purchased one out of every three ounces of physical silver bar and coin compare...Read More

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