Nearly 7 million Americans have contracted COVID-19.More than 200,000 Americans have died from it.With that, the United States leads the world in both deaths and infections.And worse still, nearly half of the country, 21 states, are now reporting a rise in cases over the past week, as schools reopen and flu season bears down.The projections now suggest another 100,000 Americans could be killed by...Read More
I'm currently spending a small fortune to build a large wooden fence around my house.I say a small fortune because lumber prices are up almost 70% in the past year. And the Fed says inflation is too low...Anyhow, perhaps you caught my piece recently about the two escaped convicts who crashed a stolen car into my yard. That was the final reason I needed to actually pull the trigger and write the ch...Read More
Sep 29, 2020 Guest(s): Clem Chambers InvestorsHub.com Markets will see a major correction soon, most likely before presidential election, said Clem Chambers of InvestorsHub, who has allocated all his holdings into cash. Under such a "flash crash" scenario, most assets have a positive cross-correlation and tend to fall together. "I got a warning from the market about ten days ago...so I cleared...Read More
Here are five Fastmarkets stories you might have missed on Tuesday September 29 that are worth another look.Autumn-winter steel production restriction plans in northern China will start on October 1 and last until March 31, 2021, according to a draft plan on air pollution control released by the Ministry...Read More
London Metal Exchange three-month base metals prices made no significant gains at the close on Tuesday September 29, with a directionless base-metals complex awaiting further macroeconomic stimulus.This was expected to come in the form of a United States fiscal stimulus package intended to fight the economic consequences of the Covid-19 pandemic.LME base metals futures prices stalled while talks c...Read More
The formal consultation process for collective dismissal at Alcoa's San Cipri??n aluminium smelter in Spain has ended without an agreement with the workers' representatives, the producer said on Tuesday September 29.Alcoa now have up to 15 days to determine and announce a decision regarding the smelter's 228,000 metric tonnes of annual capacity. An agreement was previously reached with the workers...Read More
"The prospect of a tightly contested election, one that may lead to an uncertain result that is fought out in the courts in a manner reminiscent of, but worse than, 2000, may make markets more volatile for longer," IG chief market analyst Chris Beauchamp said last week.The precious metal was worth $1,895/oz at the time of writing.In the UK, the House of Commons has passed controversial post-Brexit...Read More
Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:admin@guswinger.comSep 29, 2020 For a look at some important price action on the daily gold chart, please click here now. Double-click to enlarge this short-term gold chart. There’s a double bottom pattern in play, and it comes as the reaction reaches decent support. Please click here now. Double-cli...Read More
Chicago, IL - September 29, 2020 - Venzee Technologies Inc. (TSX-V:VENZ) ("Venzee" or the "Company") reports continued steady addition of retail channels - outpacing internal growth targets and meeting client demand for digital integration across the valuable "last-mile" of global retail.According to Venzee CEO John Abrams, "Our ability to monetize our brand clients is directly tied to how quickl...Read More
An overview of the chrome ore and alloy markets and their latest price moves. Japan & South Korea Imports of ferro-chrome to Japan and South Korea from India have tightened due to continuing strength in India's domestic ferro-chrome market. The ferro-chrome prices...Read More
The Sao Miguel Paulista refinery is costing Jervois $22 million in staged payments between now and mid-2023, and has a stated production capacity of 25,000t of nickel and 2000t of cobalt.Read More
The formal consultation process for collective dismissal at Alcoa's San Cipri??n aluminium smelter in Spain has ended without an agreement with the workers' representatives, the producer said on Tuesday September 29.Alcoa now have up to 15 days to determine and announce a decision regarding the smelter's 228,000 metric tonnes of annual capacity. An agreement was previously reached with the workers...Read More
Bolivian zinc-lead producer Minera San Crist??bal has achieved full production after reopening from a 21-day outage in mid-September, the company's owner and operator, Sumitomo, confirmed late on Monday September 28."Minera San Crist??bal started mobilizing on September 14, [resumed operation of] the plant on September 16, and [was] at full production [by] September 18," a spokesperson for Sumitom...Read More
Here are five Fastmarkets stories you might have missed on Tuesday September 29 that are worth another look.Autumn-winter steel production restriction plans in northern China will start on October 1 and last until March 31, 2021, according to a draft plan on air pollution control released by the Ministry...Read More
Ford Motor Company of Canada will become the country's first manufacturer of all-electric vehicles, starting in 2024, the company said on Monday September 28.Ford will commit C$1.8 billion ($1.35 billion) to repurpose part of its biggest car plant in Canada, the Oakville Assembly Complex, and will introduce a new engine program at another plant, in Windsor. Both are in the Canadian province of Ont...Read More
Turkish steel producers continued to stay away from the deep-sea scrap market on the second working day of the week, in anticipation of a downturn in prices, sources told Fastmarkets on Tuesday September 29.A steel mill in northern Turkey broke the long-term silence by booking two Baltic Sea cargoes at $296 per tonne cfr late last week - the first trading activity since Se...Read More
Slight decreases in import prices for steel scrap in Turkey in recent days have stunned market participants in Asia who had expected a larger drop.Turkish mills had avoided purchasing steel scrap in bulk from the United States and Europe for over two weeks before returning to the market last week to buy two Baltic cargoes of heavy melting scrap 1&2 (80:20) at $296 per tonne cfr, down by just $5 pe...Read More
Base metals prices on the London Metal Exchange were mixed but little changed this morning, Tuesday September 29, while prices on the Shanghai Futures Exchange were firmer as they caught up with Monday's performance on the LME.Last week's pullbacks have run into dip-buying - hopes for further stimulus are buoying markets.US Congress making progress in talks regarding support measures.Markets might...Read More
Housing in the United States is about to launch in price and I have all the charts to prove it.To understand home real estate, you have to know that prices are driven by two things: interest rates and demographics.According to the Bank of England, we are experiencing the lowest interest rates in 5,000 years!That's a bit esoteric as we aren't building in Rome, but I recently saw a 15-year mortgage...Read More
Ford Motor Company of Canada will become the country's first manufacturer of all-electric vehicles, starting in 2024, the company said on Monday September 28.Ford will commit C$1.8 billion ($1.35 billion) to repurpose part of its biggest car plant in Canada, the Oakville Assembly Complex, and will introduce a new engine program at another plant, in Windsor. Both are in the Canadian province of Ont...Read More