A two-day lockdown announced on Sunday night in the Democratic Republic of Congo's (DRC) Haut Katanga province has heightened concerns that the spread of the novel coronavirus (2019-nCoV) could affect the supply of copper and cobalt coming from the region. The lockdown prohibits all activity in the province, which, as well as being a production hub, provides a crucial export route for raw material...Read More

Today is Tuesday, March 24, 2020, and this is your daily gold market update. Let's look at the latest price of gold, value of the dollar, gold/silver ratio, Commitment of Traders data, and exchange-traded fund (ETF) prices to get a sense of how the yellow metal is faring today.Gold PriceThe price of one troy ounce of gold in U.S. dollars today is $1,667.50. It's up 2.23% from yesterday and up 26.1...Read More

Today is Tuesday, March 24, 2020, and this is your daily energy stocks roundup. Today we're looking at the valuations of HollyFrontier Corporation (NYSE: HFC), Bonanza Creek Energy (NYSE: BCEI), and MRC Global (NYSE: MRC).HollyFrontier Corporation (NYSE: HFC)HollyFrontier Corporation (NYSE: HFC) is a $3.129 billion company today with a one-year return of -63.13%. Let's look at its price-to-earning...Read More

It is true that a stock market crisis is the time to make your fortune. In 2002, after the dot-com bubble, you could have bought Amazon (NASDAQ: AMZN) for $3 and a pickle. A few months ago, it hit an all-time high of $2,185.That is a 72,733.3% increase in 20 years. Amazing.I remember George Soros being interviewed in 2009. He said, "I'm having a great crisis." His Quantum Fund gained 28% that year...Read More

Here are five Fastmarkets stories you might have missed on Tuesday March 24 that are worth another look. India is entering a 21-day lockdown period to help prevent the spread of the novel coronavirus (2019-nCoV) pandemic, but the production of essential commodities will continue.Freeport-McMoRan has declared force majeure on near-term sales agreements for its Cerro Verde mine in Peru, according to...Read More

Here is what's new today on INK Ultra Money. Canadian Insider Ultra Club members have access to both premium and free content all the time. If you are not a Canadian Insider Club Ultra member, get full access to Real Vision and INK Research premium videos and see what stocks insiders are buying now by joining us. Use coupon code SPRING20 for a $100 discount off a new 2020 membership (renewals wil...Read More

Domestic prices for hot-rolled coil have been fairly stable across Europe due to the limited trading activity, sources told Fastmarkets on Tuesday March 24.Fastmarkets' daily steel hot-rolled coil index, domestic, exw Northern Europe, was ?,?474.00 ($508.63) per tonne on Tuesday, up by ?,?1 per tonne from ?,?473.00 per tonne ex-works on March 23.Wednesday's index was calculated based on offers and...Read More

India is entering a 21-day lockdown period to help prevent the spread of the novel coronavirus (2019-nCoV) pandemic, but the production of essential commodities will continue.In an address to the nation, Indian prime minister Narendra Modi said that the lockdown was effective from midnight local time, 18:30 London time."For the past two days, many parts of the country have been locked down. From m...Read More

Brazilian steelmaker Gerdau has temporarily halted operations in Argentina and Peru following lockdowns in both countries to combat the spread of the novel coronavirus (2019-nCoV) pandemic.Gerdau's activities in Brazil have been affected, but have not been suspended so far, the company said on Tuesday March 24.Capital expenditure initiatives around the globe have been put on hold to reduce on...Read More

Austrian steelmaking group Voestalpine will enforce shorter working hours across its operations in Europe as part of short-term work model amid the coronavirus (2019-nCoV) pandemic, the company said on Monday March 23.The coronavirus pandemic has already hit the heart of the European economy. Widespread closures of car-manufacturing sites across Europe, as well as shutdowns and capacity cuts in th...Read More

German steelmakers Saarstahl and Dillinger, both part of Stahl Holding Saar (SHS), have cut production amid the novel coronavirus pandemic, although blast furnace (BF) and coking plant operations will both be maintained, the companies said in a joint statement on Tuesday March 24.The increasingly tough market situation in Europe, in the wake of the coronavirus outbreak, has forced regional steelma...Read More

Richard (Rick) Mills, Ahead of the herdIn the 1960s, French politician Val?ry d'Estaing complained that the United States enjoyed an "exorbitant privilege" due to the dollar's status as the world's reserve currency. He had a point.Because the dollar is the world's currency, the US can borrow cheaper than it could otherwise (lower interest rates), US banks and companies can conveniently do cross-...Read More

Stewart Thomson, Graceland Updates 1. I said yesterday morning that amidst all the Corona War mayhem, a move over $1550 for gold would be incredibly positive.2. Please click here now. Double-click to enlarge this spectacular gold chart. $1550 is now support!3. Please click here now. In what is arguably the most horrific act in the history of the United States, and ce...Read More

By Daniel R. Amerman, CFAThe United States is currently reeling, as much of the nation shuts down in the attempt to prevent the spread of the coronavirus. We can only hope for the best when it comes to the containment of the medical crisis, and the lives of so many people in the U.S. and around the world.At the same time, the economic future of the nation - and financial futures of the savers, i...Read More

In times of expansion, it is to the hare the prizes go. Quick, risk taking, and bold, his qualities are exactly suited to the times. In periods of contraction, the tortoise is favored. Slow and conservative, quick only to retract his vulnerable head and neck, his is the wisest bet when the slow and sure is preferable to the quick and easy. Every so often, however, there comes a time when neit...Read More

By Gary SavageMar 23, 2020https://blog.smartmoneytrackerpremium.com/Read More

To My Readers:I have sent the following note to Sean Hannity, Rush Limbaugh and Holman Jenkins of the Wall Street Journal. It is a MUCH better idea than squandering $2 trillion sending out checks to...EVERYBODY. Here is what the President needs to do. Please forward this to your Congressman if you agree:President Trump needs to mobilize the Army to set up Civil Conservation Corps/WPA-type work c...Read More

Here are five Fastmarkets stories you might have missed on Tuesday March 24 that are worth another look. India is entering a 21-day lockdown period to help prevent the spread of the novel coronavirus (2019-nCoV) pandemic, but the production of essential commodities will continue.Freeport-McMoRan has declared force majeure on near-term sales agreements for its Cerro Verde mine in Peru, according to...Read More

Ferrous scrap prices in Mexico increased in the week ended Friday March 20 on a strong currency devaluation which made the material more expensive in pesos, while steelmakers were building inventories before scrap runs out amid global lockdowns.At least two major steel producers bid for scrap at prices 200-300 pesos ($8-12) above those of the previous week. But the increase was not enough to offs...Read More

Nomi Prins discusses the coronavirus crisis in the United States.Nomi Prins is an American author, journalist, and Senior Fellow at Demos. She has worked as a managing director at Goldman-Sachs and as a Senior Managing Director at Bear Stearns, as well as having worked as a senior strategist at Lehman Brothers and analyst at the Chase Manhattan Bank. Prins is known for her books All the Presidents...Read More