Gold and silver markets advanced early thisweek, with silver leading the way.  OnThursday, the metals sold off a bit as the U.S. dollar gained.The major trend for the dollar, however, isdown. The Dollar Index has been grinding lower since mid March, when it put ina spike high.  Silver finally broke through $19 level with astrong close above it on Monday.  Therehasn’t yet been...Read More

It’s official now! On June 8, the Business Cycle Dating Committee of the National Bureau of Economic Research stated that economic activity in the United States had peaked in February 2020 (and in Q4 2019, when it comes to the peak in quarterly economic activity), marking the start of a recession. The peak also designates the end of the expansion that began in June 2009 and lasted 128 months...Read More

The manganese ore index 37% Mn, cif Tianjin, has soared and slumped since March, with South African supply initially tightening and then ramping back up after restrictions were lifted.Read More

Summerdoldrums? Not for precious metals markets!Inearly July, gold and silver eachbroke out to fresh multi-year highs. The yellow metal is within strikingdistance of new all-time highs and the headline worthy figure of $2,000/oz.Thewhite metal, meanwhile, has a lot of catching up to do. And as it does, thegains in percentage terms could be explosive.Silver has already packed on 60% since its March...Read More

Silver investmentdemand is exploding in recent months, skyrocketing higher inwildly-unprecedented fashion!  That has catapultedsilver sharply higher since mid-March’s COVID-19-lockdown stock panic.  Accelerating even in this usually-weak summerseason, the massive capital inflows deluging into silver show no signs ofabating.  This is very bullish for silver,yet most traders rem...Read More

Turkish prices in the domestic market for hot-dipped galvanized coil (HDG) and color-coated coil increased in the week to Friday July 24, supported by higher feedstock prices, sources have told Fastmarkets.Fastmarkets' weekly price assessment for steel HDG, domestic, exw Turkey, was $610-625 per tonne on July 24, up by $5-15 per tonne over the week from $605-610 per tonne on July 17.And Fastmarket...Read More

The number of cases of Covid-19 in the U.S. have been rallying very quickly in last weeks, giving way only to the gold prices, which have surpassed $1,800. It’s not easy to terminate the viruses, especially that they are not quite alive. Indeed, the pandemic of the coronavirus is still not over, as the chart below shows. The global number of daily confirmed Covid-19 cases has surpassed 220,0...Read More

The next few weeks are certain to attract much attention to precious metals.  Hardly anyone can argue that Gold has not experienced an incredible upside price rally over the last 12+ months.  Recently, Gold closed above $1800 for the first time since 2011.  Our researchers believe the next target is $1935.  Keep reading to learn why we believe this is the next major price targe...Read More

Previously, I have shown how  there were virtually no significant Silverrallies over the last 50 years during a period when the US Dollar index hasbeen rising.Betting on a silver rally when the US Dollarindex is in decline makes for great odds. There have been two significantSilver rallies in the last 50 years (marked out with rectangles on the chartbelow). During both of these, the US dollar...Read More

The US economy is nowherenear recovering from the lockdown measures imposed by cities and states duringthe covid-19 pandemic, and that is weighing on the US dollar, which has fallensharply since March. The beneficiary, asexpected, has been gold (and silver), which normally moves in the oppositedirection as the greenback. Year to date, spot gold has risen 16% to $1,811/oz,while the US Dollar I...Read More

Sometimes when we observe people on the streets, when we see crowded restaurants and pubs, it seems like the pandemic has ended. But is the global epidemic really over? Not at all. Please look at the chart below. As one can see, the daily number of confirmed cases of COVID-19 in the world is still in an upward trend. However, in the developed countries the number of daily new cases has declined a...Read More

As a contrarian and long-term holder of Goldcorp. (now Newmont), the latest push higher in the price of gold begs the question: is now the time to sell?The concern, for the uninitiated, is that after the price of gold moves powerfully higher there is an uncanny tendency for forces to mysteriously align and push prices powerfully lower.These “forces” (excuse the conspiratorial flare), h...Read More

Oil is a commodity that plays anindisputable role in the global economy. At the start of the 20th century,the oil industry went into mass production, thus giving birth to what we referto as the modern era of oil consumption. Gradually, coal was starting to take abackseat to it and oil became the world’s #1 fuel source and the undisputedking of commodity trading.To this very day, this remains...Read More

Silver is moving up quite shortly today, whichsounds bullish, until one realizes that silver tends to be particularly strongright before the precious metals market tops. And you know what’s the otherthing that quite often happens at the tops, in addition to silver’s temporarystrength? Miners tend to underperform. What did goldminers do on the last trading day of the previous week? Min...Read More

Every market corrects, maybe profit taking, maybe of allowing those who missed out, to get in!The current open interest on the gold contract looks to high after a very fast price move, it looks like 2008 may be repeating. A quick flushing out of the weak hands open interest may take place before a real advance in price takes place. The correction may be on the back of a wider sell off of risk asse...Read More

The silver market has BROKEN! You won't see it in the price. Here's where you'll see it...by Bix Weir of Road to RootaWOW! Yesterday 1.25B Ounces of electronic silver was traded on the COMEX and yet the Open Interest (total amount of contracts held) BARELY CHANGED! PURE FRAUDULENT HIGH FREQUENCY TRADING!Read More

Three-month base metals prices on the London Metal Exchange were mostly lower at the close of trading on Friday July 24, with a continued uptrend in the numbers of Covid-19 cases in the US prompting broad risk-off sentiment across the country's trading hours.Disappointing US manufacturing data added further headwinds.Copper's outright price on the LME was the biggest loser on the day, declining by...Read More

Seaborne iron ore prices fell on Friday July 24, following a downturn in the futures market amid growing concerns over escalating tensions between China and the United States. Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $109.39 per tonne, down $0.73 per tonne. 62% Fe low-alumina fines, cfr Qingdao: $111.56 per tonne, down $1.24 per tonne. 58% Fe fines high-grade premium, cfr...Read More

Seaborne coking coal prices were relatively stable across the board on Friday July 24, with Chinese steel mills that still have import quotas preferring higher-quality material, sources told Fastmarkets.Fastmarkets indices Premium hard coking coal, fob DBCT: $108.22 per tonne, down $0.80 per tonne  Premium hard coking coal, cfr Jingtang: $119.39 per tonne, up $0.70 per tonne Hard coki...Read More

Access our research platformsSign-in to our platforms to access our extensive research, our latest insight, data and analytics and to connect to our industry experts.Fuelled by public policy and declining battery costs, global electric bus adoption is set to triple by 2025. The Chinese market - the most promising in this sector - will surpass the 1 million e-bus mark by 2023 and reach 1.3 million...Read More