By the end ofnext year, Australia is expected to become the #1 country in goldproduction, knocking China from the pedestal during today’s gold bull market.It’s been home to some of the biggest gold bonanzas in the world,like the Mount Morgan mine which has produced over 8 million ounces of gold to date.But while all eyes have been on Western Australia over the pastseveral years, a team...Read More
The gold miners’ stocksare still correcting, continuing to rebalance both technicals and sentiment. This sector’s huge surge into early August spawnedextreme overboughtness and universal euphoria, which are gradually being bledaway. This same necessary and healthy correctiveprocess is underway in gold itself, which overwhelmingly drives gold-stockprice levels. This is...Read More
The steel industry must innovate further and look to other sectors for solutions, Tata Steel chief executive TV Narendran said during Fastmarkets' Steel Success Strategies 2020 virtual conference on Wednesday October 28.Traditionally, the industry has been more focused on continuous improvement than on innovation, Narendran said, having pushed for efficiency improvements and incremental performanc...Read More
It is the the massive debt. It cannot beserviced. It will collapse the whole system.The gold, silver and cryptocurrencies chartsare showing signs of going parabolic. The US dollar is close to confirming a massive breakdown.Gold, silver and cryptocurrencies allprovide “crisis value” by simply being an acceptable debt-based fiatalternative. It is only later in this crisis that we will se...Read More
Demand for steel in the European Union dropped by 25% year on year in the second quarter of 2020 and while European steel association Eurofer expects the pace of decline to slow in the fourth quarter, it believes demand will not recover until late 2020-early 2021. Unprecedented steel demand deterioration in the region started in late 2019 and has continued into the first quarter of 2020, with Covi...Read More
David Smith - Even in the competitivehunting/shooting community, few enthusiasts know about an arcane rifle known asa "double trigger shotgun." Essentially, it's a double-barrel shotgunhaving a trigger for each barrel.This was an early day'sdesign with the triggers located inside the trigger guard, back to front. Itwas possible to press both triggers at once, causing a double discharge,...Read More
The biggest banks in the world areeyeing gold prices of around $3,000 in just over a year. Former Citigroup billionaireThomas Kaplan predicts $5,000gold . And even without those predictions, the gold rush is on … Miners are stampeding this single gold rush territory …That’s already produced over 40 million ounces of gold … And still has an estimated 68 million+ oun...Read More
India will miss its forecast steel targets in 2030, but the sector should continue to grow on increased government spending, Tata Steel chief executive T.V. Narendran said during Fastmarkets Steel Success Strategies 2020 virtual conference on October 26-28During a Q&A session Narendran was asked to comment on the future of the Indian steel market and production as well as the sustainable growth ra...Read More
Several large steel projects located in Southeast Asia, underpinned by Chinese investment, are nearing completion and will provide a huge boost to production capacity in the region. Of the 59.9 million tonnes of major carbon steel production capacity planned to come on stream in the next decade in Southeast Asia, 39.4 million tonnes will come from Chinese-led projects, according to statistics from...Read More
ArcelorMittal has restarted the No3 blast furnace at its Tubar??o facility in Brazil's southeastern Esp?-rito Santo state, on Sunday October 25, the company announced.The equipment has an output capacity of 2.8 million tonnes per year of crude steel and has been halted since April because of the adverse economic situation from the impact of the Covid-19 pandemic."The decision aims to supply client...Read More
Here are five Fastmarkets stories you might have missed on Wednesday October 28 that are worth another look.Both the North American and Brazilian markets have strong growth potential stemming from infrastructure-related activity, Gerdau's global chief financial officer Harley Scardoelli told attendees at Fastmarkets' 2020 Steel Success Strategies Online conference on October...Read More
Hot-rolled coil prices in the United States declined for the second consecutive day due to diminishing spot market activity and a lack of availability from steel producers, according to market participants.Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $33.52 per hundredweight ($670.40 per short ton) on Wednesday October 28, down by 1.1% from $33.89 per cwt on Tuesda...Read More
Premiums for lead in India have risen amid calls for increased regional production in the week to Tuesday October 27, while lead and zinc premiums in other regions remained flat over the period, despite increased spot-market interest in both the United States and Europe.Increased demand for industrial production boosts Indian lead premiumUS zinc and lead premiums unmoved despite improved spot appe...Read More
The investment environment in Europe is supportive of the creation of a local electric vehicle (EV) battery value chain, delegates heard during a panel discussion at the Lithium Supply & Markets conference on Tuesday October 27. Infinity Lithium chief executive officer Ryan Parker and Savannah Resources CEO David Archer said they were receiving support from European Union institutions to advance t...Read More
Here are five Fastmarkets stories you might have missed on Wednesday October 28 that are worth another look.Both the North American and Brazilian markets have strong growth potential stemming from infrastructure-related activity, Gerdau's global chief financial officer Harley Scardoelli told attendees at Fastmarkets' 2020 Steel Success Strategies Online conference on October...Read More
The three-month nickel price on the LME was weaker at the close of trading on Wednesday October 28, down by more than 1% against spread tightness and selling pressure, in addition to a steady rise in the US dollar index.London Metal Exchange lead futures, meanwhile, bucked the downward trend to end the day as the only positive close. Nickel's outright price on th...Read More
Precious metals could do well in either an inflationary or deflationary environment...Tavi Costa on Palisade RadioTom welcomes returning guest Tavi Costa of Crescat Capital to the show. Tavi outlines Crescat's macro model and how it drives their investing focus.Tavi discusses how the only way out of the global debt burden is through further debasement and a continued race to the bottom for currenc...Read More
Seaborne iron ore prices were up on Wednesday October 28 amid an uptrend in the futures market, which was prompted by low steel reinforcing bar (rebar) inventories, sources told Fastmarkets.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $116.87 per tonne, up $1.74 per tonne62% Fe low-alumina fines, cfr Qingdao: $117.10 per tonne, up $1.09 per tonne58% Fe fines high-grade premium, cfr Qing...Read More
Citibank was up to something last week when they posted a MASSIVELY BULLISH call on Silver prices before the end of the year. And NOW WE SEE WHY!by Bix Weir of Road to RootaI warned you that Citibank was up to something last week when they posted a MASSIVELY BULLISH call on Silver prices before the end of the year...AND NOW WE SEE WHY WITH SILVER BEING SLAMMED DOWN MORE THAN 5%! Don't you wish we...Read More
It looks like demand for Silver Eagles hasn't subsided... by Steve St Angelo of SRSrocco ReportIt looks like demand for Silver Eagles hasn't subsided as the U.S. Mint sold nearly another million since last week. Total Silver Eagle sales for October have now surpassed September, and there are still three more days remaining in the month. Not only are October Silver Eagle sales higher than the...Read More