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Gold Getting Closer to a Breakout

July 07, 2020 / news.goldseek.com

By: Gary SavageGold's novice traders have given up and lost patience. Lots of traders in the choppy markets, get stopped-out during a consolidation and shaken out, over and over. Investors need to be more patient. Gamblers who trade everyday, well these people consistently lose money:https://blog.smartmoneytrackerpremium.com/Read More

Precious Metals Update Video: Buffett back into energy, Gold sitting at a nice number

July 07, 2020 / news.goldseek.com

By: Ira EpsteinGold's pattern, higher-high and a higher-low. $1766.30 is support. Gold above the 18-dma average, which keeps its bias positive:Read More

Trade log: Cobalt alloy grade, in-whs Rotterdam, $/lb

July 08, 2020 / www.metalbulletin.com

The cobalt alloy grade, in-whs Rotterdam trade log including business, bids and offers reported to Fastmarkets. The cobalt alloy grade, in-whs Rotterdam trade log including business, bids and offers reported to Fastmarkets. Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparency into the markets...Read More

IN CASE YOU MISSED IT: 5 key stories from July 7

July 08, 2020 / www.metalbulletin.com

Here are five Fastmarkets stories you might have missed on Tuesday July 7 that are worth another look.Protests on July 7 halted road freight transportation in South Africa.Steel plate prices in the United States weakened after the segment was hit by persistently slow end markets, and some mills were willing to capitulate in deal-making to book tonnage in the final days of the second quarter.China...Read More

DAILY STEEL SCRAP: Prices steady on low demand but more bookings likely

July 08, 2020 / www.metalbulletin.com

Turkish steel producers continued to hold back from the deep-sea scrap markets on the second working day of the week because of the soft markets for finished long steel products, sources said on Tuesday July 7.Steel mills in Turkey booked five deep-sea cargoes in the second half of last week, totalling around 140,000 tonnes.But they were still expected to book more cargoes for August shipments, ac...Read More

IN CASE YOU MISSED IT: 5 key stories from July 7

July 08, 2020 / www.metalbulletin.com

Here are five Fastmarkets stories you might have missed on Tuesday July 7 that are worth another look.Protests on July 7 halted road freight transportation in South Africa.Steel plate prices in the United States weakened after the segment was hit by persistently slow end markets, and some mills were willing to capitulate in deal-making to book tonnage in the final days of the second quarter.China...Read More

PRICING NOTICE: Proposal to discontinue 5 precious metals price assessments

July 08, 2020 / www.metalbulletin.com

Fastmarkets proposes to discontinue five precious metals price assessments due to the limited liquidity of the markets in question and to focus on its core markets.The prices to be discontinued are as follows:Platinum min 99.9% Europe Free Market $ per troy oz in warehousePalladium min 99.9% Europe Free Market $ per troy oz in warehouseRhodium min 99.9% Europe Free Market $ per troy...Read More

NEWSBREAK: Demonstrations halt road transportation in South Africa

July 08, 2020 / www.metalbulletin.com

Protests on Tuesday July 7 have halted road freight transportation in South Africa. Miners' trucks have been toppled and drivers threatened while demonstrators have sought to enforce their shutdown of the nation's road freight system. The target of the demonstrations is all road freight and is not focussed on the...Read More

Detour gold mine addition boosts Kirkland Lake second-quarter production

July 07, 2020 / www.canadianinvestor.com

Share this articleTORONTO - Shares in Kirkland Lake Gold Ltd. jumped by 5.2 per cent to $59.71 on Tuesday after it reported higher-than-expected gold production in the second quarter ended June 30.The Canadian company's output of 329,800 ounces was 54 per cent higher than the same period in 2019, thanks mainly to its purchase of Detour Gold Corp. for $4.34 billion in stock early this year.The D...Read More

Trade log: Cobalt alloy grade, in-whs Rotterdam, $/lb

July 08, 2020 / www.metalbulletin.com

The cobalt alloy grade, in-whs Rotterdam trade log including business, bids and offers reported to Fastmarkets. The cobalt alloy grade, in-whs Rotterdam trade log including business, bids and offers reported to Fastmarkets. Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparency into the markets...Read More

Trade log: Cobalt standard grade, in-whs Rotterdam, $/lb

July 08, 2020 / www.metalbulletin.com

The cobalt standard grade, in-whs Rotterdam trade log including business, bids and offers reported to Fastmarkets. The cobalt standard grade, in-whs Rotterdam trade log including business, bids and offers reported to Fastmarkets. Fastmarkets publishes trades logs for its key price assessments and indices to...Read More

The Central Bank Shell Game

July 07, 2020 / www.energyandcapital.com

Gold is going to be the best investment over the next five years.My friend and co-author of Christian DeHaemer's Bull and Bust Report, the esteemed Luke Burgess, put out an epic treatise on gold on Friday in Energy and Capital. You may have missed it with the BBQ preparations and whatnot.But it's important enough that I call your attention to it.He wrote: Gold is set to experience one of the grea...Read More

IN CASE YOU MISSED IT: 5 key stories from July 7

July 08, 2020 / www.metalbulletin.com

Here are five Fastmarkets stories you might have missed on Tuesday July 7 that are worth another look.Protests on July 7 halted road freight transportation in South Africa.Steel plate prices in the United States weakened after the segment was hit by persistently slow end markets, and some mills were willing to capitulate in deal-making to book tonnage in the final days of the second quarter.China...Read More

GULF FLAT STEEL IMPORTS: Low demand keeps prices broadly steady

July 08, 2020 / www.metalbulletin.com

Hot-rolled coil import prices in the United Arab Emirates inched upward this week while hot-dipped galvanized coil prices narrowed downward, but demand was moderate, sources told Fastmarkets on Tuesday July 7.Market participants wanted to wait to see whether prices would fall because of the weak demand.UAEOffer prices for hot-rolled coil (HRC) from China were heard in the UAE at $470 per tonne cfr...Read More

INK Ultra Money: Here comes the flood

July 06, 2020 / www.canadianinsider.com

If Dr. Z. Barton Wang of Barton Research is right, here comes a big flood of cash into the markets. While we have seen lots of stimulus money hit financial markets over the past few months, we could see the gush of liquidity become even more forceful as the Treasury picks up spending from its Treasury General Account this week. This is a riveting Real Vision premium interview that provides some e...Read More

EUROPE HRC: Domestic prices inch up in north, mills to seek further rises

July 08, 2020 / www.metalbulletin.com

Domestic transaction prices for hot-rolled coil in Northern Europe moved up slightly day on day on Tuesday July 7, with steelmakers insisting on further price rises, sources have told Fastmarkets.Fastmarkets' daily steel hot-rolled coil index, domestic, exw Northern Europe, was calculated at ?,?403.13 ($455.49) per tonne on Tuesday, up by ?,?0.81 per tonne day on day from ?,?402.32 per tonne on Ju...Read More

GULF STEEL BILLET, REBAR: Prices stable, demand moderate

July 08, 2020 / www.metalbulletin.com

Prices for steel rebar and billet in the United Arab Emirates were stable this week due to only limited demand, sources told Fastmarkets on Tuesday July 7.Domestic rebarUAE local mills were offering rebar at 1,770-1,774 dirhams ($482-483) per tonne ex-works, unchanged since late June.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), domestic, exw UAE, was 1,770-1,773 dir...Read More

CHINA REBAR: Domestic prices rise amid steelmaking inspections

July 08, 2020 / www.metalbulletin.com

China's domestic rebar prices moved up on Tuesday July 7 on gains in the futures and billet markets fueled by concerns over how strict local authorities are in implementing production restrictions in the country's steelmaking hub of Tangshan.Domestic Eastern China (Shanghai): 3,530-3,560 yuan ($503-507) per tonne, up by 10-30 yuan per tonneMarket sources told Fastmarkets that local authorities in...Read More

DAILY STEEL SCRAP: Prices steady on low demand but more bookings likely

July 08, 2020 / www.metalbulletin.com

Turkish steel producers continued to hold back from the deep-sea scrap markets on the second working day of the week because of the soft markets for finished long steel products, sources said on Tuesday July 7.Steel mills in Turkey booked five deep-sea cargoes in the second half of last week, totalling around 140,000 tonnes.But they were still expected to book more cargoes for August shipments, ac...Read More

Kirkland Lake Gold Update

July 07, 2020 / news.goldseek.com

Kirkland Lake Gold has been one of the biggest winners over the past 5yrs, propelling itself from a 160k oz. Au producer to what has emerged [along with Endeavour Mining] as the next senior gold producer [1m oz. of production or greater]. Kirkland Lake has a great asset to start, the Kirkland Lake mining complex, notably the Macassa mine, which has taken several years to optimize and will reach...Read More

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