By Gary Savagehttps://blog.smartmoneytrackerpremium.com/Read More
By Keith Weiner I am writing in response to the comments you made in a letter to investors yesterday, which were widely reported. You have set the gold community afire, with claims that are not new and not true. So I shall attempt to douse the flames. As everyone knows, President Roosevelt outlawed the ownership of gold in 1933. Although gold was legalized in 1975, fears linger today that the...Read More
RambusBefore we look at the charts I would like to go over some challenges that we'll face as the current impulse move in the PM complex continues to move higher. It's not everyday that you will find yourself getting in close to the bottom of a multi month rally. One of the biggest problems I've witnessed over the years, especially with PM stock investors, is they grow complacent as the rally ph...Read More
Copper stocks in London Metal Exchange-registered warehouses in Rotterdam have been steadily rising over May, indicating weak European copper consumption during a period of heightened economic uncertainty. And with manufacturing in the region still reeling from the effect of Covid-19 on supply chains, market participants are pessimistic that improvements will come this year. Total LME stocks in Ro...Read More
Copper stocks in London Metal Exchange-registered warehouses in Rotterdam have been steadily rising over May, indicating weak European copper consumption during a period of heightened economic uncertainty. And with manufacturing in the region still reeling from the effect of Covid-19 on supply chains, market participants are pessimistic that improvements will come this year. Total LME stocks in Ro...Read More
The three-month zinc price on the London Metal Exchange tumbled at the close of trading on Thursday May 21, losing some 3.6% in an afternoon downturn, while a fall in US unemployment claims failed to boost market sentiment.Zinc's outright price on the LME closed at $1,983.50 per tonne on Thursday afternoon, falling from an intraday high of $2,048 per tonne, while turnover was strong at more than 9...Read More
Seaborne iron ore prices rebounded on Thursday May 21 with active trading driven by improving steel production and demand, despite renewed concerns over supplies from Brazil. Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $98.26 per tonne, up $1.31 per tonne. 62% Fe low-alumina fines, cfr Qingdao: $101.63 per tonne, up $2.09 per tonne. 58% Fe fines high-grade premium, cfr Q...Read More
By far the most important point to observe is that the unprecedented massive bull market that is now incubating HAS NOT EVEN OFFICIALLY...by Clive Maund of Streetwise ReportsWe are now entering the final part of the endgame of the latest fiat experiment and the actions of the Fed and other central banks virtually guarantee that most currencies, including and especially the dollar, will end up tota...Read More
Although it seems quite likely the top is in, here's what silver price will make it crystal clear...by Przemyslaw Radomski via Sunshine ProfitsThe gold to silver ratio is one of key precious metals metrics to watch. Sometimes, the yellow metals outperforms the white one, and vice versa. How is the relative value of both metals measured against each other doing currently?The gold to silver ratio ba...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
Are we looking at a Force Majeure in Silver on the COMEX?by Bix Weir of Road to RootaTed Butler published an article pointing out that the 8 concentrated Silver Shorts are TRAPPED and are currently sitting on $7.8B in losses with NO HOPE of covering...are we looking at a Force Majeure in Silver on the COMEX?Read More
Are institutions and funds waking up to silver?Keith Neumeyer interviewed on Palisade RadioCollin welcomes returning guest Keith Neumeyer to the program to discuss all-things silver. Keith is the President and CEO of First Majestic Silver Corp.Keith is seeing an increase in inquiries from big institutional funds regarding silver. It seems the high silver to gold ratio has caught the attention of m...Read More
The latest forecasts from Fastmarkets' team of analysts are ready to view.Activity in China has picked up, and although the impact from the Covid-19 did not spare the country with its gross domestic product contracting at its largest rate since recording began in the 1990s, the latest crude steel output figures for April from China's National Bureau of Statistics show a strong recovery, albeit sti...Read More
Domestic prices for hot-rolled coil in Northern Europe have moved down slightly due to poor trading activity, sources told Fastmarkets on Thursday May 21.Fastmarkets' daily steel hot-rolled coil index, domestic, exw Northern Europe, was ?,?409.17 ($448.48) per tonne on Thursday, down by ?,?0.83 per tonne from ?,?410 per tonne on Wednesday.Thursday's index was calculated based on "workable" prices...Read More
Turkish steel producers resumed their deep-sea scrap bookings as expected on Thursday May 21, but prices rapidly increased because of the improving demand, sources told Fastmarkets.A steel mill in the Iskenderun region booked a US cargo, comprising 20,000 tonnes of HMS 1&2 (95:5) at $254.50 per tonne, 7,000 tonnes of shredded at $257.50 per tonne and 3,000 tonnes of bonus at $262.50 per tonne cfr....Read More
The United States is uniquely positioned to keep a leadership role in energy independence while it transitions to a low-carbon footprint, the chief executive officer of Enertopia Corp (ENRT) has said.According to Robert McAllister, the large landmass of the United States is ideal for wind-power generation and for high solar isolation, a requirement for peak solar photovoltaics production.These geo...Read More
Diamond trading remains at historic lows due to reduced demand and continued lockdown in important US market. Service providers resume operations. GIA opens five global labs. Israel Diamond Exchange to unlock trading floor on May 24. Focus shifting to marketing strategies to stimulate recovery, with emphasis on digital channels. Diamonds as symbol of values and emotional connection to be central t...Read More
A summary of the financial performance of Brazilian aluminium producer Companhia Brasileira de Alum?-nio (CBA) in the first quarter, as reported by parent company Votorantim on Thursday May 21. In brief The Covid-19 pandemic affected aluminium demand in Brazil, particularly from the transportation and construction sectors, during the first quarter, CBA said. Sales volumes from the downst...Read More
RAPAPORT... Sotheby's will hold its Magnificent Jewels and Noble Jewels auction in Geneva in June, its first live sale since the onset of the coronavirus pandemic.The auction will be held in two parts, Sotheby's told Rapaport News Wednesday. The first portion, an online sale, will run from June 16 to 24, and will include jewelry from the 19th century through the present day, from jewelers suc...Read More
The LME three-month zinc price fell 1.8% on moderately high turnover in morning trading on Thursday May 21, while the fresh cancelation of 21,775 tonnes in LME copper kept the red metal's outright price elevated. Zinc's underlying price on the London Metal Exchange was recently seen at $2,006.50 per tonne on Thursday morning, falling from an intra-morning high of $2,048 per tonne, while turnover w...Read More