$2,000, $5,000 or even the Jim Rickard’s $50,000 as the next target for gold. How realistic are these figures – could we see the yellow metal at $5,000 or even higher amid the coronavirus crisis? We invite you thus to read our today’s article and find out how high gold prices can go in this downturn. The first quarter of 2020 was clearly positive for the gold market, as the chart...Read More

Gold-backed exchange-traded funds (ETFs) and similar products account for a significant part of the gold market, with institutional and individual investors using them to implement many of their investment strategies without considering the true risk associated with many aspects of holding non-tangible assets. Gold ETFs are units representing physical gold in paper or dematerialized form, which is...Read More

The stock market has had a great run duringthe last decade. It has made some people a good stack of money.However, the March crash has many wonderingwhat it will do next. Will it continue to crash, or will it continue the bullmarket?Is it really worth spending time and effortcontemplating its next move? I think not.The market is currently presenting a greatopportunity to lock in those stock market...Read More

Half the US States and countries like Italy and Germany are gradually easing lockdowns. Taking measured steps, the moves are broadly cheered. Rightfully so? And what does the reopening mean for the gold market?Epidemics: Bad, Good, and UglyBy May 6, 2020, more than total 3.6 million of confirmed cases have been reported in the world and more than 250,000 have already died from the COVID-19. In the...Read More

Both Gold and Silver Futures have been struggling to rallyabove recent high levels since the start of the global stock market collapserelated to the COVID-19 virus event. Yet, the Junior Gold Miners appear to be telling us the Precious Metalsmarket is boiling hot.Gold, the bell-weather safe-haven asset, initially collapsedwhen the US stock market started the massive selloff in late February 2...Read More

Most resource sector writers (including me) have for a long timebeen "wrong" about gold and silver. When they ran from $250 and $5 an ounce, respectively, to $1,920and $49 in 2011, those who listened, acted, and sold a bit did quite well. Weargued the "longer time bullish case" as these metals dropped intotheir final cyclical bear market graves in late 2015.But that was then&he...Read More

Light Crude oil prices have dropped an alarming 68 percent since the start of 2020. Brent prices are down 60 percent over the last four months. But recent price action appears to show that the worst of oil's decline is likely over.As the world economies are still being mauled by the effects of COVID-19, there are growing signs that oil prices are starting to recover. Light Crude oil prices have s...Read More

The latest forecasts from Fastmarkets' team of analysts are ready to view.Aluminium: Early signs of post-lockdown demand recoveryWith major economies outside China reopening after the easing of their Covid-19-related restrictions on movement and industrial activity, last week's jump in the number of cancelled aluminium warrants on the London Metal Exchange may be an early sign that the post-lockdo...Read More

Overnight, Natural Gas broke above the $2.00 price level as we expected.  On April 6, 2020, we published our research that Natural Gas was setting up a bottom pattern and that our seasonal analysis suggested April and May should prompt a price rally in Natural Gas pushing price levels above $2.40. The current rally has broken above a price resistance levelnear $2.00 and the rally up to $...Read More

The latest forecasts from Fastmarkets' team of analysts are ready to view.Aluminium: 'Sell the rally' mentality here to stayAlthough the London Metal Exchange aluminium price has managed to recover modestly from recent lows, we suspect this is mostly short-covering. The lack of producer restraint, growing exchange inventories, a weak demand outlook and the 7 million tonnes of oversupply forecast f...Read More

Bob Moriarty of 321gold discusses economic collapse and gold.I like to read. I read fast and that helps. I can't quite come to grips with all these guys now coming out with 25-minute videos they insist we watch instead of reading. Do they really believe that everyone has so much free time that they can pay attention to someone chattering away for 25 minutes?Most of what you read or watch will be n...Read More

The latest forecasts from Fastmarkets' team of analysts are ready to view.Aluminium: 4-million-tonne surplus for 2020We have made further downward revisions to our aluminium demand expectations for 2020 and, although there have been smelter capacity reduction in China too, the net effect is that our forecast for the global surplus this year has swelled to 4 million tonnes, from 2.7 million tonnes...Read More

Here's what usually occurs in related financial markets when "big changes in social mood are afoot"Related financial markets tend to move together. For example, gold and silver.Or, consider stocks. When the Dow Industrials are up on agiven trading day, the NASDAQ is usually in the green too. The same applies when the Dow is down. Other major stock indexes tend to close in negative territory as we...Read More

Precious metals markets enter the month of May with somemixed signals near term.  But thelong-term picture continues to look constructive.  All the metals appear to have put in majorbottoms during the panic selling of mid to late March. Barring another wave of virus outbreaks and economiclockdowns, the gradual reopening of state, local, and national economies shouldstart to unleash more...Read More

The latest forecasts from Fastmarkets' team of analysts are ready to view.Average LME aluminium price down by 2.5% week on weekAlthough LME aluminium began this week on the rebound, prices extended their recent downtrend further last week, approaching the $1,400-per-tonne level. The weekly average LME aluminium cash price was down 2.5% last week to $1,432.50 per tonne from previous week's $1,469.6...Read More

Silver is poweringhigher in a new bull market after getting clobbered in March’s stock panic.  Investors have been flocking back to silverin the aftermath of that ultra-rare extreme-fear event.  That brutal selloff also utterly wiped out speculators’upside bets in silver futures, giving them massive room to buy back in.  After being pummeled to record-low levelsrelative...Read More

10 years ago every “analyst” and his brother was hyping the future price of gold and I kept track of their guesses in an article entitled “Gold Going To $2500, $5000, $10000, Even More? These 148 “Analysts Think/Thought So“. None of their forecasts “panned” out (pun intended) but some are back at it again suggesting that we are going to see gold going as h...Read More

The latest forecasts from Fastmarkets' team of analysts are ready to view.US flat product prices outperformed our expectations over the past month. In an attempt to lend the market confidence that sheet prices had reached a floor, US steel mills announced price increases of $50-60 per ton at the end of April. In the announcement, mills cited the expectation of higher scrap prices, tight domestic s...Read More

Global markets are contracting in the face of the Covid-19 pandemic, and the prices for flat steel products continue to retreat, with prices for coated steels down by a further 5% since late March in most of the markets that Fastmarkets tracks.The latest edition of Fastmarkets' Galvanized Steel and Tinplate Market Tracker, for April 2020, is now available to view.Further price falls are almost cer...Read More

April marks a second month of truly extraordinary developmentsin markets – from negatively priced crude oil futures to a record spike inunemployment claims to a lockdown-defying rally in stocks. The financial media is touting the S&P 500’s surge of morethan 13% in April – the biggest one-month gain for the index since 1974. While stock market investors have made up a big chu...Read More