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IN CASE YOU MISSED IT: 5 key stories from October 30

November 02, 2020 / www.metalbulletin.com

Here are five Fastmarkets stories you might have missed on Friday October 30 that are worth another look.The European Commission has set safeguard quota volumes for steel products imported from the United Kingdom starting from January 1, 2021.Aluminium stocks at Shanghai-bonded warehouses surged by over 200%...Read More

Markets eye US election

November 01, 2020 / www.mining-journal.com

Markets were likely to see the election as a positive if one party took a convincing win across both sides of congress, IG senior market analyst Joshua Mahony said on Friday."With some stating that the final result may not come until days or even weeks after election day due to late postal votes, we could see short-term uncertainty if early results do not provide a clear basis for expectations," h...Read More

Insights: Waves of blue, bitcoin, bonds, bullion and cannabis?

November 01, 2020 / www.canadianinsider.com

There are several industries that have a lot on the line in relation to outcome of the November 3rd election. In this week's Insights, we take a non-consensus view that precious metals mining is one such industry because not all scenarios are good for gold and silver.Preparing for a blue waveThe election also matters for stocks in other industries that have run-up in anticipation of a blue wave....Read More

Exploding Debt Means $100,000 Gold - Bill Holter & Jim Sinclair

November 02, 2020 / marketsanity.com

Financial writer Bill Holter and renowned gold and financial expert Jim Sinclair say exploding federal debt and massive defaults will send gold to the stratosphere. Holter does the astounding and yet simple math and explains, "The number is over $100,000 per ounce for gold now. If you take the 260 million ounces that we (U.S. Treasury) supposedly have and take the 260 million ounces and divide it...Read More

Bill Murphy: Silver Price To Continue Spiking Higher

November 02, 2020 / marketsanity.com

Bill Murphy is a financial commentator and the chairman and director of the Gold Anti-Trust Action Committee (GATA), which was founded as a result of Murphy's essays on collusion among large financial institutions to suppress the price of precious metals. He also runs a paid subscription service called Le Metropole Cafe. Murphy believes the price of gold is artificially low and has spent years lob...Read More

More worried about uncertainty from Federal Reserve than election: Mohamed El-Erian

November 02, 2020 / marketsanity.com

Allianz chief economic adviser Mohamed El-Erian provides insight into market uncertainty and shares investing advice.Mohamed El-Erian is the Chief Economic Adviser of Allianz, a multinational financial services company. He is the former CEO and co-Chief Investment Officer of PIMCO, a global investment firm and one of the world's largest bond funds in the world. Dr. El-Erian also served as a member...Read More

Martin Armstrong: Cuomo Just Killed Christmas in New York City

November 02, 2020 / marketsanity.com

The politicians have had plenty of time to weigh the economic damage from destroying so many small businesses compared to the death rate. The fact that they are continuing this policy Continue...Read More

Covid Timeline: What Did Trump Say and When?

November 02, 2020 / marketsanity.com

"We have it totally under control. It's one person coming in from China. It's going to be just fine.""The Coronavirus is very much under control in the USA... Stock Market starting to look very good to me!" Continue...Read More

Natural Gas Is on the Rise-And Huge Gains Could Be Lurking in This Dead Sector / Commodities / Natural Gas

November 01, 2020 / www.marketoracle.co.uk

Independent financial analyst Matt Badiali explains why he expects natural gas to rebound and discusses six potential investments.The oil price gets all the press. The price of a barrel collapsed during the Covid-19 lock down. Companies went bankrupt in droves. Now, the industry turned to mergers to survive.Investors fled. The sentiment turned awful. No one cares about oil anymore. The future is e...Read More

Gold Stocks Continue To Disappoint / Commodities / Gold and Silver Stocks 2020

November 01, 2020 / www.marketoracle.co.uk

Apparently investors don’t tire of hearing the same old thing; and their advisors willingly provide the same questionable advice: “The best way to play this new bull market in gold is to buy gold stocks” or something to that effect. Are gold stocks a better choice than golditself? Let’s find out…Four years ago, in 2016, I wrote the following:“This year’s...Read More

IN CASE YOU MISSED IT: 5 key stories from October 30

November 02, 2020 / www.metalbulletin.com

Here are five Fastmarkets stories you might have missed on Friday October 30 that are worth another look.The European Commission has set safeguard quota volumes for steel products imported from the United Kingdom starting from January 1, 2021.Aluminium stocks at Shanghai-bonded warehouses surged by over 200%...Read More

EU sets safeguard quotas for UK-origin finished steel imports

November 02, 2020 / www.metalbulletin.com

The European Commission has set safeguard quota volumes for steel products imported from the United Kingdom starting from January 1, 2021. The EC announced the quotas on Friday October 30. These will apply to several steel products, including hot-rolled, cold-rolled and hot-dipped galvanizing coil originating from the UK. Any volumes sold exceeding the quotas will be subject to 25% duty. "Pur...Read More

AT A GLANCE: Glencore cuts Q3 coal production guidelines

November 02, 2020 / www.metalbulletin.com

A summary of Glencore's 2020 third-quarter production report for the coal sector, released on Friday October 30, where the company maintained its 2020 full-year production guidance except coal, which was adjusted for the extended strike at the Cerrejon mine.In brief The company's year-to-date (YTD) coal production of 83.5 million tonnes was 20.5 million tonnes or 20% lower than the comparable prio...Read More

IN CASE YOU MISSED IT: 5 key stories from October 30

November 02, 2020 / www.metalbulletin.com

Here are five Fastmarkets stories you might have missed on Friday October 30 that are worth another look.The European Commission has set safeguard quota volumes for steel products imported from the United Kingdom starting from January 1, 2021.Aluminium stocks at Shanghai-bonded warehouses surged by over 200%...Read More

IN CASE YOU MISSED IT: 5 key stories from October 30

November 02, 2020 / www.metalbulletin.com

Here are five Fastmarkets stories you might have missed on Friday October 30 that are worth another look.The European Commission has set safeguard quota volumes for steel products imported from the United Kingdom starting from January 1, 2021.Aluminium stocks at Shanghai-bonded warehouses surged by over 200%...Read More

HOTTER ON METALS: Now is not the time for M&A, Freeport CEO says

November 02, 2020 / www.metalbulletin.com

Now is not the time for Freeport-McMoRan to be thinking about mergers and acquisitions, the mining company's chief executive officer says.According to Richard Adkerson, the company - which is just over half-way through a mega-project to transform its giant Grasberg copper-gold mine in Indonesia from an open-pit to an underground operation - is on the verge of creating huge shareholder value."I jus...Read More

HOTTER ON METALS: The unlikely views on the LME spot trading platform

November 02, 2020 / www.metalbulletin.com

Plans for a London Metal Exchange spot trading platform have sparked intense debate within the aluminium industry. But opponents and supporters don't necessarily fall into the camps that one might expect. For starters, a decision by the LME not to change its futures contract, establish a new green aluminium contract or set thresholds to define what constitutes low-carbon metal is proving key in st...Read More

HOTTER ON METALS: When the aluminium industry lost to Section 232

November 02, 2020 / www.metalbulletin.com

Sometimes it is better to let a situation speak for itself. Alcoa, Rio Tinto Aluminium, Novelis, Constellium, Arconic, Kaiser Aluminum, Tri-Arrows Aluminum, American Metal Chemical Corp, Hydro Extrusion North America, JW Aluminum, Real Alloy, Reynolds Consumer Products, Scepter, Silberline Manufacturing Co, Smelter Service Corp and Wagstaff. The US Aluminum Association, which represents more than...Read More

RESEARCH: Key takeaways from the latest Base Metals Market Tracker

November 02, 2020 / www.metalbulletin.com

The latest forecasts from Fastmarkets' team of base metals analysts are ready to view.Aluminium: SHFE tailwind for LME pricesAs we are entering the traditional strong demand season, we expect Chinese aluminium demand to show further recovery, and we expect demand from existing end-user sectors, new infrastructure projects and the export sector to show some increases. As a result, we believe that S...Read More

RESEARCH: Key takeaways from the latest Base Metals Market Tracker

November 02, 2020 / www.metalbulletin.com

The latest forecasts from Fastmarkets' team of base metals analysts are ready to view, including an upgrade to our aluminium price forecasts.Aluminium: Price forecasts raisedWe correctly expected the macro reflationary theme to raise the prices for all base metals but, with it being the base metal with by far the weakest fundamentals, we had expected the price of aluminium to underperform relative...Read More

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