Danielle DiMartino Booth is CEO & Chief Strategist for Quill Intelligence LLC, a research and analytics firm. She spent nine years as an advisor to Richard W. Fisher at the Federal Reserve Bank of Dallas. Danielle left the Fed in 2015 to found Money Strong, LLC, an economic consulting firm and launched a weekly economic newsletter She is the author of Fed Up: An Insider's Take on Why the Federal...Read More
*This interview was filmed on August 19thDoug Casey is an American-born libertarian economist and advocate of the free market. He is a bestselling financial author, international investor, entrepreneur, and the founder and chairman of Casey Research, a provider of subscription financial analysis about specific market verticals including natural resources/metals/mining, energy, commodities, and tec...Read More
Key data from the pricing sessions in Europe, Asia and the United States for the week ended Friday September 11.China The upward momentum in the domestic market continued for a third week, with prices moving up by 100 yuan ($15) per tonne amid buoyant sentiment after major steel mills raised their tender prices. Hesteel set its September tender price for 72% ferro-silicon at 6,050 yuan...Read More
MAG Silver Corp. reported it has entered into an agreement to consolidate and acquire 100% of the Deer Trail CRD Project in Piute County, Utah. MAG Silver Corp. (MAG:TSX; MAG:NYSE A) announced in a news release, that it has executed an agreement to "consolidate and acquire 100% of the silver-rich Deer Trail Carbonate Replacement Deposit (CRD) project in Piute County, Utah." The firm advised that...Read More
A-Mark Precious Metals shares traded 22% higher after the firm announced FY/20 financial results that included a 96% YoY increase in Q4/20 revenue and a special dividend of $1.50 per share. Full-service precious metals trading company A-Mark Precious Metals Inc. (AMRK:NASDAQ) yesterday announced financial results for the fiscal fourth quarter and full year ended June 30, 2020.The company reported...Read More
Liberty Gold is currently running four drill rigs on the Black Pine property. Three Liberty Gold Black Pine DiscoveriesLiberty Gold Corp. (LGD:TSX; LGDTF:OTCQB) announced in a news release that additional results from the third high-grade oxide gold discovery, or D-3 zone, at its Black Pine project in Idaho showed more multiple thick intervals of oxide gold mineralization."The new D-3 zone contin...Read More
Toined the macro, that is (in Moe’s Brooklyn accent). Step by step…A rising Gold/Silver ratio preceded the March disaster, made an ill-fated bounce pattern in May-June and then got hammered by the 24/7 liquidity spigots opened up by a desperate Federal Reserve and Trump admin. They are desperate because the inflation MUST take hold in order to keep the system from unwinding to its fun...Read More
Crude oil declined quite substantially this week, and it doesn’t look that the decline will be over just yet.After a given market clearly moves in a certain direction, corrective moves are bound to happen. After all, no market can move in a straight line up or down. But still, this assumption might be misleading in case of the current situation in black gold. Obviously, it is taking a breath...Read More
Brazilian ferrous scrap exports fell both year on year and month on month in August while suppliers shifted their focus to the domestic market, data published this week by the country's ministry of the economy shows.Scrap exports reached 55,377 tonnes in August, a 19.7% year-on-year decrease from 69,000 tonnes in 2019 and a 27.6% drop in comparison with 79,460 tonnes in July of this year.The count...Read More
Russia's Severstal is running a modernization program at its Cherepovets steelmaking facility, which - though it may lead to short-term production cuts - will help it raise its annual steel output by 1 million tonnes by 2023.Several sources have reported that the major mill had scheduled a two-week maintenance for its 2-million-tonnes-per-year hot-rolling mill in October. They estimated that this...Read More
RESEARCH HIGHLIGHTS:Breakdown in Crude Oil sparks talk of sub $30 price targets.Initial support likely near $32 to $33.Predictive Modeling suggests deeper price lows may be reached before November 2020.Have you been paying attention to Crude Oil recently? Prices have collapsed over -15% from the recent highs near $43.78. You may remember a research article I posted originally in July 2019 su...Read More
Since posting new record highs in early August, the gold market has consolidated above $1,900/oz support.A close below the $1,900 level would carry bearish implications for the near term.Alternatively, a move back above $2,000/oz would likely be followed through to the upside with a rally to fresh highs. Silver, in turn, could be expected to run to new multi-year highs above $30/oz. These breakout...Read More
Despite broad stability in global zinc premiums this week, and a sharp drop in the metal's three-month price on the London Metal Exchange, an opening of the import arbitrage window for material delivered into China sparked expectations for improved demand in the region.Zinc markets in the United States and Europe were also generally stagnant this week, while a steady recovery in the US economy fue...Read More
Flat-rolled steel import prices in South America mostly continued to rise in the week to Friday September 11, with both deals and new offers being reported at higher levels, supported by recovering demand and lower availability from mills, market participants said.More restricted export allocations from China, Japan and Brazil, as well as gradual restarts in activity on the continent, were still d...Read More
Export prices for Brazil-origin steel slab have widened upward in the past week with offers continuing to increase and material remaining scarce, Fastmarkets has heard.Fastmarkets' weekly price assessment for steel slab, export, fob main port Brazil, widened upward to $440-460 per tonne on Friday September 11, from $440-450 per tonne a week earlier.Offers of Brazilian slab were heard mainly in Nor...Read More
Key data from the pricing sessions in Europe, Asia and the United States for the week ended Friday September 11.China The upward momentum in the domestic market continued for a third week, with prices moving up by 100 yuan ($15) per tonne amid buoyant sentiment after major steel mills raised their tender prices. Hesteel set its September tender price for 72% ferro-silicon at 6,050 yuan...Read More
All three-month London Metal Exchange prices, apart from aluminium, posted gains on Friday September 11.Copper, lead, zinc, lead and tin all trended upwards over the day on Friday, with the three-month copper price breaching the $6,700 per tonne mark to close at $6,713.50 per tonne after trading a little more than 13,680 lots.There are 75,550 tonnes of copper stocks across LME-registered ware...Read More
Seaborne iron ore prices rose on Friday September 11 amid expectations of a restocking of inventory by Chinese steelmakers before a national holiday next month, according to trade sources.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $128.37 per tonne, up by $2.28 per tonne.62% Fe low-alumina fines, cfr Qingdao: $128.18 per tonne, up by $2.03 per tonne.58% Fe fines high-grade premium, cfr...Read More
Seaborne premium hard coking coal prices rose on Friday September 11 after Chinese market participants returned to the market and added impetus to spot trading activity, sources said.Fastmarkets indicesPremium hard coking coal, fob DBCT: $113.38 per tonne, up $1.20 per tonne Premium hard coking coal, cfr Jingtang: $127.59 per tonne, up $0.78 per tonneHard coking coal, fob DBCT: $92.18 per tonne, u...Read More
Aluminium primary foundry alloy premiums in Germany and Eastern Europe rose for a second consecutive month on Friday September 11, with stronger fundamentals supporting the increase.Fastmarkets assessed the aluminium primary foundry alloy silicon 7 ingot premium, ddp Germany and the aluminium primary foundry alloy silicon 7 ingot premium, ddp Eastern Europe at $300-330 per tonne, with both up from...Read More