When the oil price fell into negative price territory at the start of the week ended April 24, it fueled fears that a similar situation could materialize in metals. The good news for users of the London Metal Exchange is the exchange's delivery mechanism that makes it virtually implausible, while its contract structure makes it even more unlikely. Here's why. The reason the West Texas In...Read More
The latest forecasts from Fastmarkets' team of analysts are ready to view.Aluminium: 4-million-tonne surplus for 2020We have made further downward revisions to our aluminium demand expectations for 2020 and, although there have been smelter capacity reduction in China too, the net effect is that our forecast for the global surplus this year has swelled to 4 million tonnes, from 2.7 million tonnes...Read More
Global markets are contracting in the face of the Covid-19 pandemic, and the prices for flat steel products continue to retreat, with prices for coated steels down by a further 5% since late March in most of the markets that Fastmarkets tracks.The latest edition of Fastmarkets' Galvanized Steel and Tinplate Market Tracker, for April 2020, is now available to view.Further price falls are almost cer...Read More
The latest forecasts from Fastmarkets' team of analysts are ready to view.The recent decline in Chinese scrap prices - to their lowest in a couple of years - even as demand rises, suggests that Chinese scrap supply is increasingly sufficient. In terms of scrap demand, the question is more about price attractiveness. Mini-mills were reducing demand in February, largely because steel margins on scra...Read More
Week 12 of the 2020 Overwatch League season is live on April 25 and 26 on YouTube Gaming. The two days of matches feature the Seoul Dynasty, Hangzhou Spark, Guangzhou Charge, Shanghai Dragons, New York Excelsior, Chengdu Hunters, Atlanta Reign, Philadelphia Fusion, San Francisco Shock, Los Angeles Valiant, Florida Mayhem, Boston Uprising, Houston Outlaws, and Dallas Fuel. Can the Seoul Dynasty rem...Read More
Welcome to Kevin Zadai's Official YouTube Channel Kevin Zadai is known as the man who went to heaven and back, so he knows that heaven is for real.In 1992 during a routine surgery, I met with Jesus on the other side. The time I spent in the presence of Jesus profoundly changed me to my core. I believe Jesus promised me that my story, including all the things I learned during our conversation, has...Read More
Welcome to Kevin Zadai's Official YouTube Channel Kevin Zadai is known as the man who went to heaven and back, so he knows that heaven is for real.In 1992 during a routine surgery, I met with Jesus on the other side. The time I spent in the presence of Jesus profoundly changed me to my core. I believe Jesus promised me that my story, including all the things I learned during our conversation, has...Read More
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Name King Ck Actor / Comedy /Youtuber /somali social media Pls Subscribe Like & ShareFadlan Haka ilaawin InaadDhahdo Share Like & CommentRead More
Inflation video: https://www.youtube.com/watch?v=pwI3N...The economy was sick long before the coronavirus.Businesses need big government to bail them out because of big government.The economy will be a lot smaller at the end of this year.Economic stimulus is actually a sedative.Working from home will be a lasting change that will affect real estate.Q&ARegister for the Money Show virtual event: htt...Read More
By: Ira EpsteinGold monthly chart shows Bollinger band resistance around $1703. Momentum is strong. Weekly gold has 18-week MA around $1,600+ and the bullish pattern is shown well on the weekly..Read More
From the unimaginable lows, crude oil isshaking off the dust. Moving higher, can it rise like a phoenix?Before moving to thetechnical part of today’s analysis, it seems that a quote from yesterday’s OilTrading Alert would be appropriate:Crude oilwas just trading below 0. Well, not completely, but the nearest futurescontract was trading below 0 for the first time ever. In case you misse...Read More
By: Ira EpsteinGold monthly chart shows Bollinger band resistance around $1703. Momentum is strong. Weekly gold has 18-week MA around $1,600+ and the bullish pattern is shown well on the weekly..Read More
RAPAPORT... Christie's garnered $1.4 million from its Jewels Online sale, selling 100% by value.An emerald and diamond necklace from Graff's Icon collection was the top lot, fetching $52,500, against a high estimate of $15,000, the auction house said Friday. The piece contains 71 round diamonds weighing a total of 2.99 carats and 11 pear-shaped, and nine round, emeralds. A pair of emerald and...Read More
RAPAPORT... The National Retail Federation (NRF) is predicting a 1.5% increase in US consumer spending on jewelry this Mother's Day, despite financial pressures arising from COVID-19.Americans will shell out $5.27 billion on the category this year, compared with $5.19 billion in 2019, the trade organization reported last week. Jewelry will retain its position as the top-grossing item for the...Read More
RAPAPORT... A gem-set, diamond and enamel tutti frutti bracelet by Cartier is to go under the hammer in Sotheby's latest online sale.The piece, which has a high estimate of $800,000, will be sold as a single lot by Sotheby's New York in a dedicated remote auction. It features a selection of old European and single-cut, VS- to SI-clarity, F- to I-color diamonds, weighing a total of approximate...Read More
RAPAPORT... Gem Diamonds will recommence full operations at its Let??eng deposit in Lesotho after the government permitted the mining sector to reopen despite a national lockdown.The company will start production on Monday, implementing special health-and-safety measures to prevent the spread of COVID-19, it said last week. The government reached its decision after weighing up the impact of a...Read More
(IDEX Online) - Diamond miners are being allowed to resume operations in Lesotho, even though the country's coronavirus lockdown has been extended. The tiny kingdom, landlocked by South Africa, is home to Gem Diamonds' Letseng mine (pictured), Lucapa's Mothae mine, and Namakwa Diamonds' Kao mine, but Firestone's Liqhobong mine is expected to remain closed f...Read More
(IDEX Online) - De Beers will slash diamond production by 20 per cent this year, blaming coronavirus and the resulting Indian lockdown, mine closures in South Africa and US slump in demand.It has revised down its 2020 forecast from between 32m and 34m carats to 25m and 27m carats,In an operational update parent company Anglo American says: "At De Beers, lockdown measures have significantly impacte...Read More
(IDEX Online) - Indian diamond producers are being urged to adopt a voluntary month-long ban on the import of rough diamonds from 15 May.Trade bodies make the plea in an open letter and say it will help the industry survive the coronavirus crisis and send a clear message to banks that it is not prepared to face further debt.An estimated $7bn of rough and polished diamonds have been stuck in India,...Read More