By: Gary Savage Gold stocks update, are we near our lows?Read More
Dear Friend of GATA and Gold:Another story was published today about the fabled gold supposedly looted by Japanese forces throughout Asia during World War II and hidden in the Philippines at the direction of Japanese Gen. Tomoyuki Yamashita as Japan began to be beaten by the United States and its allies.The story, written by Tom Metcalfe for LiveScience.com --https://www.livescience.com/treasure...Read More
By: Ira EpsteinEnergy prices have taken a beating, other markets too. Gold breaking $1,567.90 would break the trend and stall the market..Read More
I used to identify "corona" with my favorite beer. But now "corona is a dreaded word globally due to virus. Nations and central banks are intervening, talking and doing all sorts of things to alleviate concerns of the negative impact on economy. Financial markets are now manipulated in every nation. Trend from Monday (10th February) will be the key to gold and silver price. Key US economic data...Read More
Frederic Sese has joined Kamoto Copper Company (KCC) as its commercial director. Sese was previously in the raw materials and buying team at ArcelorMittal, and later Aperam. He also...Read More
Aluminium market participants remain wary of reduced consumption, logistical backlog and bearish macroeconomics as a result of the coronavirus outbreak from Wuhan city in Hubei province, China.The outbreak has pressured futures prices on exchange for primary aluminium and have stoked growing bearish sentiment in the secondary aluminium and scrap market. The effect of the coronavirus on global alum...Read More
London Metal Exhchange three-month base metals prices absorbed any residual optimism from the People's Bank of China's 1.2 trillion yuan ($174 billion) boost to liquidity to close the day little-changed on Tuesday February 4. "Much of the dip-buying interest seen in the early Asian trading session on Tuesday February 4 appears to be a false dawn," Fastmarkets analyst Andy Farida said. "The LM...Read More
As international exchanges continue to encourage trade in their ferrous contracts, Fastmarkets asks market experts for their views on progress in steel price risk management over the past year and the outlook for 2020.Speaking with Fastmarkets a year ago, Phillip Price, steel derivatives expert, and since then founder of Pool, said that he had seen a sea change in the steel sector's attitude towar...Read More
Seaborne coking coal prices were down on Tuesday February 4, with spot trading activity resuming after over a week. Fastmarkets indices Premium hard coking coal, fob DBCT: $147.89 per tonne, down $2.90 per tonne Premium hard coking coal, cfr Jingtang: $160.13 per tonne, down $2.60 per tonne Hard coking coal, fob DBCT: $127.01 per tonne, unchanged Hard coking coal, cfr Jingtang: $140.82 p...Read More
Are the concentrated short sellers about to be subject to a major squeeze?Ted Butler interviewed by Dunagun Kaiser on Reluctant Preppers?EUR
Haven asset gold should perform better in 2020 if you take a bearish position on the global economy, ED&F Man Capital Market's independent senior commodity consultant Edward Meir said after topping the 2019 Apex precious metals leaderboard with 97.73% accuracy. Fastmarkets published its Apex full-year 2019 competition results last week."My general feeling on gold is that putting numbers out r...Read More
Domestic prices for hot-rolled coil in Northern Europe were fairly stable on Tuesday February 4 but were expected to rise further, sources have told Fastmarkets.Despite bullish sentiment in the market, buyers have avoided booking big volumes, preferring to make deals only for sufficient volumes to maintain their stocks at balanced levels, according to market sources.Fastmarkets' daily steel hot-ro...Read More
Here are five Fastmarkets MB stories you might have missed on Tuesday February 4 that are worth another look.As international exchanges continue to encourage trade in their ferrous contracts, Fastmarkets asks market experts for their views on progress in steel price risk management over the past year and the outlook for 2020.Port of Shanghai, the world's biggest port by container throughput, and o...Read More
Port of Shanghai, the world's biggest port by container throughput, and other major ports in China will waive the extra storage fees incurred during the logistics lockdown imposed in relation to the novel coronavirus outbreak. Shanghai International Port Co, the operator of Port of Shanghai, said on February 1 that cargo holders do not have to pay for their use of container storage space from Janu...Read More
Swiss miner-trader Glencore produced 46,300 tonnes of cobalt in 2019, up 10% from 42,200 tonnes in 2018, mainly due to the ramp up in operations at Katanga in the Democratic Republic of Congo. Cobalt production at Glencore's African copper assets, which includes Katanga and Mutanda, totaled 42,200 tonnes - contained in hydroxide - in 2019, up 10% from 38,400 tonnes a year earlier. The scale down a...Read More
Frederic Sese has joined Kamoto Copper Company (KCC) as its commercial director. Sese was previously in the raw materials and buying team at ArcelorMittal, and later Aperam. He also...Read More
Aluminium market participants remain wary of reduced consumption, logistical backlog and bearish macroeconomics as a result of the coronavirus outbreak from Wuhan city in Hubei province, China.The outbreak has pressured futures prices on exchange for primary aluminium and have stoked growing bearish sentiment in the secondary aluminium and scrap market. The effect of the coronavirus on global alum...Read More
The three-month copper price on the London Metal Exchange rose by 2% during morning trading on Tuesday February 4, with price action supported by increased liquidity, while nickel futures topped gains and breached nearby resistance. Copper's outright price on the LME was recently at $5,674 per tonne compared with Monday's closing price of $5,525 per tonne. Turnover was significantly high, with 15,...Read More
Import prices for steel rebar in the United Arab Emirates increased over the past week, despite only limited demand, while billet prices remained unchanged, sources told Fastmarkets on Tuesday February 4.Demand was constrained because buyers were holding back to see the direction of prices after China's return to the market after the extended Lunar New Year holiday, they added. The...Read More
Buyers were looking for clarity in the flat steel import markets in the United Arab Emirates and Saudi Arabia this week, with prices rising but uncertainty about the direction the market will take when the Chinese new year holiday break finishes.Higher offers and deals were heard for flat steel imports, Fastmarkets heard on Tuesday February 4, but the market was unsure because buyers did not know...Read More