The price of steel hollow sections in Europe moved up on Wednesday July 1, following feedstock price rises. Fastmarkets' price assessment for steel sections (medium), domestic, delivered Northern Europe was ?,?550-560 ($617-628) per tonne on Wednesday, up from ?,?535-550 per tonne a week earlier. The price rise came after producers of hot-rolled coil, the feedstock material for sections, anno...Read More
Here are five Fastmarkets stories you might have missed on Wednesday July 1 that are worth another look.Brazilian iron ore pellet producer Samarco is on schedule to resume operations by the end of 2020 despite health and safety measures taken to prevent Covid-19 from spreading among workers, the company told Fastmarkets on July 1.Industry associations up and down the steel and metals supply chain...Read More
Brazilian iron ore export volumes increased by 1.3% year on year in June, according to figures released by the country's economy ministry on Wednesday July 1.Shipment volumes totaled 30.05 million tonnes last month, compared with 29.66 million tonnes in June 2019.Exports also rose by 40% from May's total of 21.5 million tonnes.In May, there were concerns about the supply of iron...Read More
Turkish steel producers have resumed their deep-sea scrap purchases for August shipments after achieving lower prices, sources said on Wednesday July 1.A steel mill in the Iskenderun region booked a US cargo, comprising 16,000 tonnes of HMS 1&2 (80:20) at $256 per tonne, 6,000 tonnes of shredded at $261 per tonne and 8,000 tonnes of plate and structural scrap (P&S) at $266 per tonne cfr. The cargo...Read More
Stefan Gleason, Money Metals ExchangeAs third quarter trading kicks off following a tumultuous first half of the year, investors are hoping for an auspicious July.Both stocks and precious metals posted impressive advances in the second quarter. The S&P 500 finished the April-June period with a gain of nearly 20%, its best quarterly performance since 1998. The Dow Jones Industrials, meanwhile, po...Read More
By: Jan Nieuwenhuijs, Voima GoldAn interview with the gentlemen behind the website "WTF Happened in 1971?" The last remnants of the gold standard were abandoned in August 1971, when President of the United States Richard Nixon decided to close the gold window (foreigners couldn't redeem dollars for gold at the Treasury anymore). From 1945 until 1971, the U.S. dollar was backed by gold, and serv...Read More
I've been wondering what might provide the catalyst to push the Dow above 30,000, and this may be it, from Bloomberg: "A strain of virus spreading in Chinese pigs has shown it can also infect humans, with researchers suggesting that another pathogen with pandemic potential waits in the wings behind Covid-19." There's no telling how much stimulus we'd see if a new virus takes wing before we've...Read More
Industrial metal demand and energies demand will be much higher than the second quarter. World will never be in lockdown mode for the rest of the year. Cities, localities, districts may be locked down but never a nation. Demand for metals and energies will be there. Pace of demand will vary each month in every nation. Human have to live with COVID. Wearing mask and other precautions need to be t...Read More
*This interview was recorded on June 26thJim Rogers, renowned investor and financial commentator, discusses current market themes amid the COVID-19 pandemic. Where is the US Dollar, gold, and silver headed given the expansive monetary policies aimed at combating virus-induced economic fallout? Will the Euro move beyond its current problems in relation to the conflict between the ECB and Germany's...Read More
Today marks a grim milestone as the world crosses the 10 million covid-19 cases threshold, as well as half a million dead from the virus.And the counts keep rising.Christopher Martenson is a former American biochemical scientist. Currently he is a writer and trend forecaster interested in macro trends regarding the economy, energy composition and environment. He is the founder of PeakProsperity.co...Read More
I present the most important chart in precious metals right now and I explain why.Jordan Roy-Byrne, CMT is a Chartered Market Technician and member of the Market Technicians Association.. He is the publisher and editor of TheDailyGold Premium, a publication which emphasizes market timing and stock selection for the sophisticated investor, as well as TheDailyGold Global, an add-on service for subsc...Read More
Gerald Celente is a pioneer trend strategist and founder of The Trends Research Institute. He is the author of the national bestseller Trends 2000: How to Prepare for and Profit from the Changes of the 21st Century and publisher of the internationally circulated Trends Journal newsletter. Gerald Celente is a political atheist. Unencumbered by political dogma, rigid ideology or conventional wisdom,...Read More
Topics:Air going back into the bubble is fueling Q2's phony rally from Q1.Spectacular gains in the gold stocks eclipse the gains in the Dow, Nasdaq, and S&P.Gold breaking out and stealing the spotlight from Bitcoin.The dollar privilege, enjoyed by all Americans, is about to go away.When the dollar loses its reserve status, gold will take its place.Congress and the Fed open the door for reparations...Read More
The junior miners are a notoriously thinly traded and volatile sector. Let them catch the collective eye of millions of momentum traders and there's no real limit to their upside - or at least to their volatility.Continue...Read More
Gold's worst ever bear market (2011-15) is behind us and gold is positioned for new highs of over $2,000 per ounce in the short run and much higher over the next several years.Continue...Read More
Trump can appeal to the base all he wants, but he better do something about independents, race relations, and immigration. Instead, Trump has Continue...Read More
An interview with the gentlemen behind the website "WTF Happened in 1971?"Continue...Read More
The city of Wuhan, China, is back making headlines again - this time as the place of origin for one of the biggest gold counterfeiting scams ever.Continue...Read More
The latest forecasts from Fastmarkets' team of analysts are ready to view.The latest forecast of global oil country tubular goods (OCTG) consumption paints a stark picture of the slowdown in demand from the energy industry in the wake of the Covid-19 outbreak and subsequent oil and gas retreat.For 2020, total global consumption is expected to amount to 13.2 million tonnes, a decline of nearly 3.5...Read More
In conversation with Maurice Jackson of Proven and Probable, the president and CEO of Riverside Resources describes his company's option agreement with Hochschild Mining and plans to move the Los Cuarentas Gold-Silver Project forward. Maurice: Today, we're going to highlight Riverside Resources Inc. (RRI:TSX.V; RVSDF:OTCQB), a project generator that just consummated a definitive option agreement...Read More