The global economy looks stronger again - Chinese exports were up by 21.1% in November year on year - but the base metals were mixed on Monday December 7, having been exceptionally strong recently , so perhaps the market realizes a lot of the good news is baked in already.Chinese trade balance climbed to $75.4 billion in November from $58.4 billion in October Japan's leading indicators climbed to...Read More

Share this article CALGARY - Dominion Diamond Mines ULC says it has struck a new sales agreement for Canada's first diamond mine that will result in the suspended Northwest Territories project restarting production before Jan. 29.The Calgary-based company says it will sell its Ekati mine about 300 kilometres northeast of Yellowknife to an entity controlled by DDJ Capital Management, LLC, and Brig...Read More

Precious metals have been one of the top-performing asset classes amid the coronavirus pandemic. The price of gold has increased nearly 20% for the year. Meanwhile, silver has rallied over 30% higher.But there's one metal that has gone gangbusters throughout the crisis, with prices rocketing up 200% higher. And it's a metal you may not know of.Rhodium is now trading for $16,250 an ounce.Rhodium Pr...Read More

Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. Last week, the Index rose another 26.35 points for a 2.1% gain as it closed at 1264.86. The INK CIN has now rocketed an impressive 18.9% over the past 5 weeks.Long-term momentum indicator MACD dropped 2.6 points to 0.77.Our short-term momentum indicator, RSI, dipped 1.14 points and remain...Read More

The price of domestic hot-rolled coil in Northern Europe inched further upward day-on-day on Monday December 7, with sentiment remaining upbeat due to a shortage of material, sources told Fastmarkets.Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe, at ?,?576.67 ($698.90) per tonne on Monday, up by ?,?1.67 per tonne from ?,?575.00 per tonne on December 4....Read More

Transaction prices for domestic steel hot-rolled coil continued to rise across Europe in the week to Friday December 4, due to tight supply from both domestic and overseas suppliers.Following a rise in deal prices, at the end of last week ArcelorMittal pushed official spot offer prices for its second-quarter rolling HRC across Europe to ?,?650.00 ($788) per tonne ex-works with immediate effect. Th...Read More

Fastmarkets' iron ore indices for 62% Fe low-alumina fines, cfr Qingdao and 65% Fe Brazil-origin fines, cfr Qingdao both reached record highs on Monday December 7, sources said.Iron ore prices gained ground despite the sintering restrictions on active ports trading and steel prices, sources told Fastmarkets. Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $146.93 per tonne, up $1.92 per to...Read More

Rebar producers in Egypt increased their prices by E ?300-500 ($19-32) per tonne, effective from December 6 and 7, sources told Fastmarkets.Producers in the country are offering rebar at E ?11,450-11,600 ($729-739) per tonne ex-works including 14% VAT, up 3.6% from the previous range of E ?10,950-11,300 per tonne ex-works including VAT. ...Read More

China's domestic rebar prices increased on Monday December 7 on futures gains and returning end-user demand but stockists' demand remained weak. DomesticEastern China (Shanghai): 4,000-4,040 yuan ($612-618) per tonne, up by 30-40 yuan per tonneThe most-traded rebar futures contract changed to May from January on Monday and rose sharply amid active trading.The trading volume was 10.93 million tonne...Read More

Traders are still taking long positions in the Singapore rebar import market due to expectations of near-term price increases, market sources told Fastmarkets.A transaction was recently concluded at $525-527 per tonne cfr Singapore on a theoretical weight basis for Middle Eastern rebar by a trader who plans to resell the cargo later to end users in Singapore, sources said.Fastmarkets' weekly price...Read More

Here are five Fastmarkets stories you have missed on Monday December 7 that are worth another look.Brazilian exports of ferrous scrap plummeted in November 2020 with the country's industry focused on the domestic market, although Bangladesh remained the principal destination for the shipments that were made, data from...Read More

The Turkish scrap import prices have reached their highest since March 2018 on fresh transactions heard over the weekend, sources said on Monday December 7.A steel mill in the Marmara region booked a Baltic Sea cargo comprising 22,000 tonnes of an 80:20 mix of No1 and No2 heavy melting scrap at $375 per tonne and 3,000 tonnes of bonus at $385 per tonne cfrThe previous Baltic Sea cargo was sold at...Read More

Another 40% move in gold in 2021 is "very doable" says Frank Holmes, who is looking for a range of $2,200 to $2,600 an ounce. Cryptocurrencies will continue to do well; Bitcoin will be driven by increased adoption, while Ethereum benefits from the latest developments in DeFi.0:00 - Gold4:26 - Bitcoin and Ethereum7:00 - Hive Blockchain9:31 - Drivers of Bitcoin11:05 - Asset allocationFrank Holmes is...Read More

With the 1960s as our playbook, a breakout in the rate of inflation is the signal of the end of the bull market. Inflation had a mini-breakout in 1965 and a major breakout in 1968. Following the 1965 breakout, stocks endured 3 bear markets over the next 10 years. From 1965 to 1978, precious metals performed very well while stocks gained nothing in nominal terms and had significant losses in real t...Read More

Fastmarkets' iron ore indices for 62% Fe low-alumina fines, cfr Qingdao and 65% Fe Brazil-origin fines, cfr Qingdao both reached record highs on Monday December 7, sources said.Iron ore prices gained ground despite the sintering restrictions on active ports trading and steel prices, sources told Fastmarkets. Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $146.93 per tonne, up $1.92 per to...Read More

Professional Trader Nick Santiago shares how he is currently trading and discusses his approach to trading stocks. Nick reveals what he believes will absolutely be the best trade of 2021. 0:00 Introduction0:43 GDX & GDXJ2:46 Gold price4:18 Best trade in past month4:45 Mining stock trades?5:18 Oil6:28 Energy stocks8:48 Bank stocks9:51 Retail stocks10:36 Best trade for 202111:22 Bonds12:12 USD12:59...Read More

While most on Wall Street still see the US as king and have no cause for concern about the Fed, there's growing evidence that at this point, China has accumulated even more gold than the United States. Which Nick Barisheff of BMG group talked about on the show, as well as how he sees the gold and silver manipulation ending, and what to watch out for.Nick Barisheff is president and CEO of BMG. He u...Read More

"Now I as a shareholder have to go bankrupt and all the employees I have have to be laid off - for the third time! This is totally unfair!""I am going to lose 30 percent of my companies. They're going to go to zero."Kevin O'Leary is a Canadian businessman, investor, and television personality. From his basement, he launched SoftKey Software Products and In 1999 Kevin sold his company to the Mattel...Read More

Some Federal Reserve officials are calling for tougher banking regulations in order to prevent the Fed's low interest rate policy from leading investors to take "excessive" risks that will create asset bubbles. The Fed is understandably worried that these bubbles will burst leading to another market meltdown. However, the boom-and-bust cycle will not end because regulators stop investors from taki...Read More

Chris Vermeulen has been involved in the markets since 1997 and is the founder of Technical Traders Ltd. He is an internationally recognized technical analyst, trader, and is the author of the book: 7 Steps to Win With Logic.Read More