Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort328,94262,27253,868116,697418,160499,507534,300Change from Prior Reporting Period 20,4835,7706,3132,28716,45829,08328,541Traders22268805359310177 Small Speculators LongShortOpen Interest 62,12127,328561,628 44498629,527 non reportable positionsChange from the previous reporting p...Read More

Remain on the sidelines in gold, copper and crude oil till UK opens. Overall gold and silver will remain firm as coronavirus is showing no mercy to the human population. USA became a Afghanistan on its Independence Day. Violence and lawlessness is rising with in USA with passing of each day. "Black Lives Matter" is no more a peaceful protest. US dollar attracts less safe haven demand with passin...Read More

Turkish steel producers continued their deep-sea scrap purchases for late July and August shipments, although prices slipped back after spiking on Friday, sources told Fastmarkets on Monday July 6.A steel mill in the Iskenderun region booked a UK cargo, comprising 14,000 tonnes of HMS 1&2 (80:20) at $253 per tonne and 1,000 tonnes of shredded at $258 per tonne cfr late on Friday July 3. ...Read More

Asian equities markets were stronger this morning, Monday July 6, and that has helped drive gains averaging 0.8% across the three-month bases metals prices on London Metal Exchange.But the strength in markets is happening despite many headwinds with the out-of-control spread of Covid-19 in the United States and other parts of South America and while US-China relations are deteriorating.Germany's I...Read More

Endeavour Silver Corp. (NYSE: EXK, TSX: EDR) is a mid-tier precious metals mining company that owns and operates three high-grade, underground, silver-gold mines in Mexico. Endeavour is currently advancing the Terronera Mine project towards a development decision and exploring its portfolio of exploration and development projects in Mexico and Chile to facilitate its goal to become a premier senio...Read More

According to a recent U.N.-backed study, the world's pile of e-waste grew to record levels last year.The study estimated the world has now amassed 53.6 million metric tons of old cellphones, laptops, flat-screen TVs, and other electronic devices. That's about 16 pounds of e-waste per person.The authors calculated the combined weight of all trashed electronic devices just last year was equivalent t...Read More

Fastmarkets is proposing to increase the pricing frequency of its cobalt hydroxide index, 30% Co min, cif China to fortnightly from monthly at present. The cobalt hydroxide index 30% Co min, cif China is currently published on the last working day of each month. It was launched in February 2019, alongside Fastmarkets' cobalt hydroxide payable indicator, min 30% Co, cif China, to provide trans...Read More

Trade log for cobalt sulfate in China including transactions, bids and offers reported to Fastmarkets.Unless otherwise stated, all prices are yuan per tonne on an ex-works basis.Fastmarkets prices Click here for Fastmarkets' price assessment for cobalt sulfate, Co 20.5% basis, China ex-works, yuan/tonneThe exchange rate on Friday...Read More

Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. After several weeks of strong downward momentum, the Index again faced some pressure last week but held strong above 920. By week's end, it shot up 33.36 points or 3.6% to 956.72.MACD bolted 3.86 points higher to -1.45. RSI rose 9.75 points to 58.28, breaking a recent downtrend in the pro...Read More

Here are five Fastmarkets stories you might have missed on Monday July 6 that are worth another look.A deadly border clash which began in the cold and windy highlands of Ladakh, in northeastern Kashmir, has spilled over into steel trading between China and India.China's infrastructure spending has aided the steel market's recovery from the effects of Covid-19 shutdowns and is very likely to facili...Read More

The export market for flat steel products from the Commonwealth of Independent States was quiet during the week ended Monday July 6, on low trading activity.Fastmarkets' weekly price assessment for steel hot-rolled coil, export, fob Black Sea, CIS, was $400-415 per tonne on Monday, unchanged week on week.Both suppliers and buyers were inactive during the week, sources said."Everyone [in Turkey] se...Read More

Domestic transaction prices for hot-rolled coil in Northern Europe inched upward day on day on Monday July 6 with steelmakers insisting on further price rises, sources have told Fastmarkets."The mills are stubborn when it comes to price negotiations [and are] targeting higher prices. And the prices have been slowly moving up," a Northern European distributor said.Fastmarkets' daily steel hot-rolle...Read More

Here are five Fastmarkets stories you might have missed on Monday July 6 that are worth another look.A deadly border clash which began in the cold and windy highlands of Ladakh, in northeastern Kashmir, has spilled over into steel trading between China and India.China's infrastructure spending has aided the steel market's recovery from the effects of Covid-19 shutdowns and is very likely to facili...Read More

Domestic steel rebar prices in Russia's Central Federal District around Moscow were broadly stable in the week to Monday July 6, supported by good demand, sources told Fastmarkets on Monday July 6.Demand for rebar in the region was good over the assessment week, but still slower than last July, sources said."Volumes are healthy, construction is performing well, but we are still below the levels of...Read More

Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort328,94262,27253,868116,697418,160499,507534,300Change from Prior Reporting Period 20,4835,7706,3132,28716,45829,08328,541Traders22268805359310177 Small Speculators LongShortOpen Interest 62,12127,328561,628 44498629,527 non reportable positionsChange from the previous reporting p...Read More

By: Stefan Gleason, Money MetalsLast week we heard the first half of an interview Money Metals president Stefan Gleason did during a recent 360 Gold Summit. Today we'll hear part two of that interview. Stefan gives some important warnings to gold and silver investors; discusses why he favors one of the precious metals over the others and also talks about some really important things to conside...Read More

By: Ira EpsteinGold higher high, higher low pattern. Swingline $1807.70..(recorded July 3)Read More

Each of us seeks our own version of the truth when we turn on the news. Tucker Carlson, one of the most courageous and honest journalists of this era, is my choice. He has excoriated Democrats and Republicans alike for their moral cowardice in coddling torch mobs. I can't get my liberal friends to watch him, however, probably for the same reasons they could never get me to watch Rachel Maddow....Read More

Remain on the sidelines in gold, copper and crude oil till UK opens. Overall gold and silver will remain firm as coronavirus is showing no mercy to the human population. USA became a Afghanistan on its Independence Day. Violence and lawlessness is rising with in USA with passing of each day. "Black Lives Matter" is no more a peaceful protest. US dollar attracts less safe haven demand with passin...Read More

The Black SwanWhen "Because" Isn't EnoughGliding into DisorderBig DreamsBirthdays, Anniversaries and the 4th of July"A similar effect is taking place in economic life. I spoke about globalization in Chapter 3; it is here, but it is not all for the good: it creates interlocking fragility, while reducing volatility and giving the appearance of stability. In other words, it creates devastating Blac...Read More