It is just fear of recession and fear that a long term investing opportunity will be lost that is deciding investment strategy. Traders and find managers are booking profit in every investment (other than stocks) to invest for the long term in stocks. Most believe that stock markets are great long term investing opportunity. Every investment has crashed due to corona virus. Gold, silver, crude o...Read More
Domestic prices for hot-dipped galvanized coil (HDG) have been unchanged across Europe this week despite a decrease in prices for hot-rolled coil feedstock, sources told Fastmarkets on Wednesday March 11.Fastmarkets' weekly price assessment for steel HDG, domestic, exw Northern Europe, was unchanged over the week at ?,?600-610 ($681-692) per tonne ex-works on March 11.The assessment was based on d...Read More
Gold is testing itsprevious 2020 highs, but silver plunged anyway, which created a very specialsituation. Namely, the goldto silver ratio just jumped to the 100 level.This may not seem like abig deal, because ultimately people buy metals, not their ratio, but itactually is a huge deal. This ratio is observed by investors and traders alike,as it tends to peak at the market extremes. Moving to the 1...Read More
Sentiment in the European market for hot-rolled coil has been bearish due to lower import offers available in the market, sources told Fastmarkets on Wednesday March 11.Fastmarkets' daily steel hot-rolled coil index, domestic, exw Northern Europe, was ?,?481.00 ($545.94) per tonne on Wednesday March 11, down by ?,?0.07 per tonne day on day from ?,?481.07 per tonne on March 10.This followed a drop...Read More
Here are five Fastmarkets stories you might have missed on Wednesday March 11 that are worth another look.The enlargement of the quarantine zone in Italy to a nationwide reach has already started to affect steel output, with at least two long steel mills announcing production stoppages, sources told Fastmarkets on March 11.The first deal for second-quarter aluminium ingot supply to Japan has been...Read More
Last week I talked about unrealistic expectations for the price of silver (see Silver Loses Its Mettle). My comments were centered on two specific factors: 1) silver’s primary role as an industrial commodity and 2) the fallacy of the gold-to-silver ratio.Both of these items have their root in fundamentals, or lack of them.In addition, I pointed out the fact that the price of silver has decli...Read More
By Gary Savage$SPX in oversold conditions, this is not a new perma-bear market. The market will start pricing in the corona virus dying out. Still another 10-15 years in this bull market to go..https://blog.smartmoneytrackerpremium.com/Read More
If you're a regular reader of these pages, you may recall that we've been documenting the ongoing fraud of "Exchanges For Physical" for the past several years. With trading volumes surging during these turbulent times, EFP use is surging again, too. Thus it's time for an update.Let's start as we often do with a list of links to previous posts on this subject. You might note the first one is date...Read More
Dear Friend of GATA and Gold:Does the U.S. Commodity Futures Trading Commission have jurisdiction over manipulative futures trading by the U.S. government, other governments, or brokers acting for them?Is the commission aware of futures trading by governments?In a letter to U.S. Rep. Alex Mooney, R-West Virginia, dated January 28 and released to GATA yesterday, the commission's chairman, Heath P...Read More
By: Ira EpsteinGold 18-dma is $1636 level. Upper Bollinger is $1699Read More
It is just fear of recession and fear that a long term investing opportunity will be lost that is deciding investment strategy. Traders and find managers are booking profit in every investment (other than stocks) to invest for the long term in stocks. Most believe that stock markets are great long term investing opportunity. Every investment has crashed due to corona virus. Gold, silver, crude o...Read More
China's northern coastal province of Hebei will remain the key steelmaking hub in the country even though its production capacity is shrinking and new facilities are being added in south China, market sources told Fastmarkets this week.China has introduced sweeping capacity replacement plans over the past couple of years, compelling producers to upgrade their steel production facili...Read More
Metal mining might not be the first thing that comes to mind when people think of green economics but Boliden chief executive officer Mikael Staffas thinks European lawmakers should pay heed to the industry while they begin to stake out policies designed to reduce carbon emissions on the continent."Everybody wants to do something with the climate and drive an electric car, but no one wants to have...Read More
A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday March 11.Please click...Read More
The London Metal Exchange three-month nickel price declined at the close of trading on Wednesday March 11, weakening against continued risk-aversion, while lead futures failed to hold above $1,800 per tonne. Nickel's outright price on the LME closed at $12,420 per tonne this afternoon, falling from an intraday high of $12,905 per tonne, while turnover was high with more than 9,500 lots exchanged b...Read More
Nickel premiums in China, the United States and Europe traded flat in the week to Tuesday March 11, while novel coronavirus (2019-CoV) disruptions further weakened poor appetite for physical nickel.US market stagnates with virus unsettling trading activityChina premiums flat while the import arbitrage window remains firmly closedEuropean market maintains lackluster trajectory while LME volatility...Read More
The cat is out of the bag when it comes to silver manipulation...by Bix Weir via Road to RootaThe Cat is out of the Bag when it comes to Silver Price Manipulation and the criminals KNOW that the Regulators will not do anything to stop it...for the good of our American Way of Life!! Buy physical silver NOW!! Read More
The next several months are likely to be very disappointing for the precious metals bulls...by Przemyslaw Radomski via Sunshine ProfitsIn yesterday's extensive Alert (titled So Many Bullish Factors...That Gold Is Ignoring) we wrote about multiple factors that are likely to drive the precious metals market in the future. In particular, we emphasized why the next several months are likely to be...Read More
Prices for hollow steel sections in both Northern and Southern Europe have moved down this week following the nationwide lockdown in Italy intended to control the spread of the 2019-nCoV coronavirus infection, sources told Fastmarkets on Wednesday March 11.Fastmarkets' weekly price assessment for steel sections (medium), domestic, delivered Northern Europe, was ?,?600-630 ($681-715) per tonne on W...Read More
A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday March 11.Please click...Read More