After bumbling through a public appearance last week - at one point mumbling "What am I doing here?" while forgetting the names of key Continue...Read More

We analyze Gold's historical cup and handle patterns and historical corrections in bull markets and apply those to the current market. In time, there will be a better idea of which path Gold is following. For now, history projects the next impulsive advance could begin at the end of this year or sometime next year.Jordan Roy-Byrne, CMT is a Chartered Market Technician and member of the Market Tech...Read More

Import prices for steel rebar and billet in the United Arab Emirates have increased this week but local rebar prices fell because producers gave discounts, sources told Fastmarkets on Tuesday March 9.The country's steel producers were offering rebar at 2,530-2,545 dirhams ($689-693) per tonne ex-works.Local demand for rebar was limited during the week, because of a lack of new projects. Rebar deal...Read More

China's domestic rebar prices dropped on Tuesday March 9 due to trading houses' demand for destocking and the futures' price loss, sources said.DomesticEastern China (Shanghai): 4,700-4,720 yuan ($721-724) per tonne, down by 40 yuan per tonneSales volume did not climb up too much in early March, compared to late February, due to the frequent price changes and the bad weather so trading houses' reb...Read More

McAlinden Research Partners explains why it believes copper is on the upswing, noting banks are becoming "more bullish on the red metal." Summary: Copper futures recently touched a decade high as key investment banks openly declared a "supercycle," raising their price targets through 2022. Net positions in copper are their longest since December, copper miners' cash flows are climbing, and stockp...Read More

Technical analyst Clive Maund takes a look at the factors behind gold's price decline and what's in store for the metal. We start this update with the latest version of Larry's amazing gold chart. As Larry states..."Gold touched $1683.00 on Friday. Real close to touching the phantom outside possibility line.To me this means the final moment of truth should be revealed in the next week. Huge water...Read More

Here are five Fastmarkets stories you might have missed on Monday March 8 that are worth another look.The supply shortage in the European steel market, which has been driving up domestic prices since late 2020, will persist until the end of this year at the very least, market sources told Fastmarkets.With...Read More

Folks, it seems that gold has formedan interim bottom, and a short-term corrective upswing is now likely, beforethe medium-term downtrend resumes.Any further declines from this point arenot likely to be significant for the short-term. The same applies to silver andthe miners.In yesterday’s(Mar. 4) intraday Gold & Silver Trading Alert , I describedbriefly why I think that the very short-t...Read More

The supply shortage in the European steel market, which has been driving up domestic prices since late 2020, will persist until the end of this year at the very least, market sources told Fastmarkets.Finished steel distributors have said they have been struggling to get the necessary volumes of finished steel from either domestic or overseas suppliers, adding that they do not expect the situation...Read More

China's iron ore imports in January and February 2021 increased by 2.8% from 2020, data released on Monday March 8 from the General Administration of Customs of China shows.In the first two months of 2021, China's imports of iron ore totalled 181.51 million tonnes, up by 2.8% year on year from 176.6 million tonnes in 2020, customs data showed.The increase in iron ore imports...Read More

Here are five Fastmarkets stories you might have missed on Tuesday March 9 that are worth another look.Canada's coking coal exports to China increased by a fifth in 2020 amid a "verbal ban" imposed by Chinese authorities on cargoes from Australia late last year.Trafigura's warehousing and...Read More

Prime scrap grades in Mexico's main ferrous scrap markets registered gains in the week ended Friday March 5, while the secondary grades were stable, with buyers' and sellers' price pressure increasing again.Scrap sellers were heard raising busheling prices in both markets due to low availability of the material, following recent price cuts heard in late February. Most sellers a...Read More

Chinese lithium producer Ganfeng Lithium and wholly owned subsidiary Qinghai Liangcheng Mining will hold 49% of the Minmetals Salt Lake project following conclusion of a 1.47-billion-yuan ($226.07-million) deal to buy Yili Hongda, the company said on Monday March 8.Ganfeng and Qinghai Liangcheng Mining will acquire 100% of the shares in Yili Hongda currently held by Citic Securities, Tibet Hongda...Read More

Trafigura's warehousing and logistics arm, Impala Terminals, has launched a certified carbon-neutral freight service allowing its customers to offset their indirect greenhouse gas (GHG) emissions by financing carbon projects worldwide.The service will show its clients the indirect 'Scope 3' GHG emissions (as defined in the globally accepted GHG Protocol) generated by the transportation of their sh...Read More

Here are five Fastmarkets stories you might have missed on Tuesday March 9 that are worth another look.Canada's coking coal exports to China increased by a fifth in 2020 amid a "verbal ban" imposed by Chinese authorities on cargoes from Australia late last year.Trafigura's warehousing and...Read More

Canadian regulators have approved another Bitcoin exchange-traded fund (ETF).The approved Bitcoin ETF will be launched today by the CI Global Asset Management group.This marks the third time that the said country’s regulators are enabling Bitcoin ETF launch.Canada’s securities regulators have approved another Bitcoin exchange-traded fund (ETF). In fact, the Bitcoin ETF is expected to l...Read More

The futures price of tin on the London Metal Exchange moved up by more than $200 per tonne on Tuesday March 9, while the rest of the base-metals complex closed at lower numbers, with nickel and copper seeing further sales during the latter part of trading with consolidation continuing.Tin's price rose by 0.5% on Tuesday to $24,435 per tonne at the close, from Monday's closing price of $24,325 per...Read More

The three-month nickel price on the London Metal Exchange fell to $15,910 per tonne during morning trading on Tuesday March 9, while the aluminium price slid by 1%, with consolidation mode still in force across the complex as a number of macroeconomic factors affect sentiment.Nickel's decline comes after a 0.6% rise at Monday's close, when it stood at $16,340 per tonne. The metal bottomed at $15,6...Read More

Base metals prices on both the London Metal Exchange and the Shanghai Futures Exchange were mixed this morning, Tuesday March 9, with prices generally consolidating after recent weakness, while there are cross currents in the form of bond yields, stimulus and inflation expectations affecting sentiment. Brent crude oil prices dip back below $70 per barrel after Monday's move above $71 per barrelInf...Read More

Get in the fight!by Bix Weir of Road to RootaNOW is the time to make your voice HEARD to END Silver market manipulation. It's time for YOU to ACT! Copy and paste this letter to the CFTC and all your Gov't representatives. Get in the fight!Article with letter: silverseek.com/article/time-act Read More