By: Ira EpsteinGold 18 week moving average near $1,542, trying to hold the lows here but now need to see what the market does..Read More

Dave KranzlerMake no mistake, the financial system is collapsing under one giant margin call being issued to banks and hedge funds. How big? No one knows. The Fed obviously was preparing for something when it commenced its money printing in September. But it had no idea of the scale of the underlying systemic problems. Coronavirus is not the cause of what's unfolding in the markets - it mere...Read More

Today, after another devastating day in the markets we are going to stand back and take a "big picture" view of what is going on.This is not some ordinary run-of-the mill bearmarket that is starting here - it is the beginning of a devastating collapse that is necessary to clear the system of all the accumulated dross that has built over many years. A "reset" is an apt word to describe it.The rot...Read More

By: Ira EpsteinGold breaking below the 18-DMA with support coming in below at..Read More

A substantial increase to air-freight costs from China into Europe and the US is weighing on negotiations for indium, germanium and gallium, which are usually shipped as air freight on commercial aircrafts, sources said."Since the coronavirus outbreak started, the cost of shipping by air has almost doubled for all air shipments," a Chinese germanium producer said.Air freight rates generally range...Read More

Turkish deep-sea scrap import prices have gone down in the latest deal for a Baltic Sea cargo, with steel producers still trying to cover their urgent needs with short-sea deals instead, sources said on Thursday March 12.A steel mill in the country was heard booking a Baltic Sea cargo from Poland at the beginning of the week at $273-273.50 per tonne cfr for HMS 1&2 (80:20). The cargo breakdown was...Read More

The Dow Jones Industrial Average Index (DJIA) closed down by 5.9% on Wednesday, and in the pre-market this morning, Thursday March 12, the DJIA futures are down by around 4.4% - such is the continued fear in the market. Base metals on the London Metal Exchange and on the Shanghai Futures Exchange were down across the board by an average of 1% and 1.7% respectively, as of 7:50am London time. A...Read More

Share this articleVANCOUVER - Teck Resources Ltd. is doubling down on its greenhouse gas emissions targets, announcing it will aim to reduce carbon intensity in its operations by 33 per cent over the next 10 years.The Vancouver-based mining firm says the goal is in addition to its commitment made in early February to be carbon neutral across all its operations and activities by 2050.The news c...Read More

Today is Thursday, March 12, 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 $1,580.10. It's down -3.56% from yesterday and up...Read More

The United Kingdom government revealed plans to invest over ?1 billion ($1.3 billion) on green transport, including ?500 million for electric vehicle (EV) charging infrastructure over the next five years, in its 2020 budget announcement on Wednesday March 11.During the budget presentation, UK chancellor Rishi Sunak committed to make it cheaper to buy low emission vehicles and cutting taxes on cl...Read More

Today is Thursday, March 12, 2020, and this is your daily energy stocks roundup. Today we're looking at the valuations of NACCO Industries (NYSE: NC), Black Stone Minerals LP (NYSE: BSM), and Talos Energy (NYSE: TALO).NACCO Industries (NYSE: NC)NACCO Industries (NYSE: NC) is a $204.21 million company today with a one-year return of -19.14%. Let's look at its price-to-earnings (P/E) ratio, its ente...Read More

Here is what's new on INK Ultra Money. Canadian Insider Ultra Club members have access to both premium and free content. If you are asked to sign in, select Canadian Insider as your subscription website. If you are not a Canadian Insider Club Ultra member, get full access to Real Vision and INK Research premium videos by joining us. Use coupon code SPRING20 for a $100 discount off a new 2020 memb...Read More

Uber (NYSE: UBER) and Lyft (NASDAQ: LYFT) have been having a pretty horrible week.As if the broader market sell-offs haven't been enough, on Tuesday, Virginia Senator Mark Warner sent letters to ride hailing and delivery service companies, requesting that they start a coronavirus fund that would allow their workers to take time off to get tested or self-quarantine.He also suggested paying workers...Read More

Here are five Fastmarkets stories you might have missed on Thursday March 12 that are worth another look.Two more steel producers in Italy have stopped operations following the recent nationwide extension of the country's coronavirus-related quarantine area, and more stoppages were expected, sources told Fastmarkets on March 12.Ball Corporation is to acquire Tubex Industria E Comercio de Embalagen...Read More

The trend in the European market for hot-rolled coil remained blurry due to the lockdown in Italy intended to restrict the spread of coronavirus, sources told Fastmarkets on Thursday March 12.The consequences of the outbreak of 2019-nCoV coronavirus that led to the lockdown have also resulted in stoppages at some long steel producers in the country.But Fastmarkets' daily steel hot-rolled coil inde...Read More

Chinese hot-rolled coil exporters expressed growing concern over thin trading caused by the global spread of the novel coronavirus (2019-nCoV) on Thursday March 12, despite improved control of the outbreak within China.DomesticEastern China (Shanghai): 3,500-3,520 yuan ($503-506) per tonne, widening downward by 10 yuan per tonneNorthern China (Tangshan): 3,330-3,340 yuan per tonne, widen...Read More

Here are five Fastmarkets stories you might have missed on Thursday March 12 that are worth another look.Two more steel producers in Italy have stopped operations following the recent nationwide extension of the country's coronavirus-related quarantine area, and more stoppages were expected, sources told Fastmarkets on March 12.Ball Corporation is to acquire Tubex Industria E Comercio de Embalagen...Read More

Two more steel producers in Italy have stopped operations following the recent nationwide extension of the country's coronavirus-related quarantine area, and more stoppages were expected, sources told Fastmarkets on Thursday March 12.On March 11, Italian Prime Minister Giuseppe Conte signed a decree tightening the Italian lockdown from the conditions set out in a previous decree on March 9. While...Read More

Daniel R. Amerman, CFAThe traditional reason for investing in gold is to protect from inflation, but history shows that gold has far more valuable uses than if it were just a mere inflation hedge. In this chapter, using six stages of analysis, we will explore a powerful and highly consistent historical relationship between gold and stocks that offers investors the ability to use gold in ways tha...Read More

Stefan GleasonAs the coronavirus spreads fear, sickness, and death, a specter haunts investors - the specter of deflation.Despite central bankers' attempts to push inflation rates higher, equity and commodity markets are collapsing. Inflation expectations as reflected in tanking U.S. Treasury yields, meanwhile, appear headed toward zero - and perhaps even below."I think that we have a real dange...Read More