The number of new confirmed cases jumped by more than 26,000 yesterday to 292,142 globally and the death toll rose by 1,600 to 12,784, according to the World Health Organisation.Marex Spectron global head of market analytics Guy Wolf said global macro indices had collapsed to a post-GFC low, however "risks now lie to the upside not the downside"."Global equity markets are seeing out-performance in...Read More
Here are five Fastmarkets stories you might have missed on Friday March 20 that are worth another look.Slab export prices from Brazilian producers dropped sharply in the week ended March 20, with customers avoiding purchases amid uncertainty about the spread of the 2019-nCoV coronavirus pandemic.The London Metal Exchange will temporarily close its open outcry trading floor and go to electroni...Read More
Join Mike Maloney & Chris Martenson in this two-part discussion as they discuss the 'financial armageddon' taking place in markets, along with information on how they are investing and protecting themselves financially during this crisis.Part 1 (part 2 below)Part 2Christopher Martenson is a former American biochemical scientist. Currently he is a writer and trend forecaster interested in macro tre...Read More
"Working with the Federal Reserve - we'll have up to $4 trillion of liquidity that we can use to support the economy," Mnuchin told Fox News on Sunday.Continue...Read More
Massie explains that the entire population is being conditioned "to embrace a paternalistic government that can give or take any right away from you depending on if there is a crisis or not."Continue...Read More
Precious metals advocates have been warning for years that the time to load up on a safe haven asset is before it's needed, because by the time it is obviously needed it won't be available. That seemed a Continue...Read More
"What is happening right now is every single government is printing more and more money. You have one rescue package after another, and that's just the beginning. So, now, central banks are your best friend if you want to own precious metals because they are going to do everything they can to debase the currency."Egon von Greyerz is founder and Managing Partner of Matterhorn Asset Management AG &...Read More
I have never in my long career ever witnessed such absurdity as this man has created. Yes, it is true if we all stayed at home we can beat the common cold. For this guy to only look at his field and say that Continue...Read More
"This is not a short term situation," he said. "This is not a long weekend. This is not a week. The timeline, no one can tell you. It depends on how we handle it.Continue...Read More
Senator Rand Paul has tested positive for COVID-19. He is feeling fine and is in quarantine. He is asymptomatic and was tested out of an abundance of caution due to his extensive travel and events. He was not aware of any direct contact with any infected person.Continue...Read More
German Chancellor Angela Merkel has gone into quarantine after being in close proximity to a doctor who tested positive for the Chinese coronavirus.Continue...Read More
0:50 - Silver and liquidity.2:10 - Physical supply and paper markets.6:00 - Silver Ratio to Gold.8:20 - Industrial demand outlook.10:15 - Risks when storing bullion.16:00 - Crisis and precious metals.26:15 - Life in Singapore.33:30 - Expect crisis to last one year. Gregor discusses the silver market and how we see the same pattern that happened back in 2008, 2011, and 2013. The markets are crashin...Read More
They are seeking to eliminate ANY means of circumventing their negative interest rate policy. They believe that the only reason Continue...Read More
Here are five Fastmarkets stories you might have missed on Friday March 20 that are worth another look.Slab export prices from Brazilian producers dropped sharply in the week ended March 20, with customers avoiding purchases amid uncertainty about the spread of the 2019-nCoV coronavirus pandemic.The London Metal Exchange will temporarily close its open outcry trading floor and go to electroni...Read More
Liberty Steel Group will halt operations at its Dudelange-Liege steelmaking sites tomorrow, sources told Fastmarkets on Friday, March 20.Liberty Steel Group will halt operations at its Dudelange-Liege steelmaking sites tomorrow, the company told Fastmarkets on Friday, March 20.A spokesman confirmed that all three Liberty Liege-Dudelange production sites - at Fl?(C)mal...Read More
The China Iron & Steel Association (Cisa) has said that iron ore indices should be based on "real market transactions rather than being influenced by futures and swaps curves."In an interview with Xinhua News Agency last weekend, Cisa vice-chairman and director Luo Tiejun warned that market participants should be cautious about speculative risks, because some iron ore indices were "devia...Read More
Vale's iron ore distribution and blending center at the Teluk Rubiah Maritime Terminal (TRMT) in Malaysia will continue working after all, Vale said on Friday March 20, having earlier warned that operations might be suspended at the end of the month.On Wednesday March 18, the miner had said that operations at the terminal could be suspended until March 31 due to the impact of local gover...Read More
Here are five Fastmarkets stories you might have missed on Friday March 20 that are worth another look.Slab export prices from Brazilian producers dropped sharply in the week ended March 20, with customers avoiding purchases amid uncertainty about the spread of the 2019-nCoV coronavirus pandemic.The London Metal Exchange will temporarily close its open outcry trading floor and go to electroni...Read More
Here are five Fastmarkets stories you might have missed on Friday March 20 that are worth another look.Slab export prices from Brazilian producers dropped sharply in the week ended March 20, with customers avoiding purchases amid uncertainty about the spread of the 2019-nCoV coronavirus pandemic.The London Metal Exchange will temporarily close its open outcry trading floor and go to electroni...Read More
While countries start to lock down their borders to prevent the spread of the novel coronavirus (2019-nCoV), mining companies are beginning to halt production, delay projects and withdraw staff. It is a natural response to a very unexpected situation that would only worsen if left unchecked. For the mining sector, it means a raft of production from projects and operations around the world is being...Read More