Gold has big year in 2020 and outlook for this year robust. Learn about monetary expansion and gold future prices.Read More

The gold futures price reached US$1,767/ounce this week before retreating, which was the second time it has surpassed US$1,760 in the past two months, marking some of gold's highest levels in several years.Read More

I spent last week in the beautiful city of Nashville, Tennessee. It was my first visit, and it was impressive. You Nashvillians should be proud.Broadway, a four-block section of honky-tonks and cowboy boot stores, was jamming out at 10:30 on a Tuesday morning. A wonderful cacophony of sound blasted through open windows and rattled around the street.I was at the MetCoke Summit 2019 to learn about t...Read More

European producers of hot-rolled coil were expected to raise their domestic offer prices and were likely to achieve better trading prices because of production cuts and the lack of competitive import offers, sources told Fastmarkets on Tuesday November 12."I think [the days of] cheap offers are now gone and mills will increase their offers soon," a German source said.The steelmakers, however, pref...Read More

Wealth Minerals Ltd. (TSXV: WML; OTCQX: WMLLF; SSE: WMLCL; Frankfurt: EJZN) is a lithium focused, mineral resource company, with interests in Canada, Mexico, Peru and Chile. We learned from Henk van Alphen, CEO of Wealth Minerals, that they have partnered with Rosatom, a Russian state corporation and the largest nuclear power corporation in the world, with the goal to use its resources and its tec...Read More

Offer prices on flat steel imports into the United Arab Emirates and Saudi Arabia have increased over the past week, but buyers have not accepted the new prices, sources told Fastmarkets on Tuesday November 12.Buyers were still reluctant to book large tonnages because of the weak end-user demand, they said.UAEOffer prices for hot-rolled coil (HRC) from Japan were heard in the UAE at $450-460 per t...Read More

Export prices for Chinese cold-rolled coil and hot-dipped galvanized coil climbed during the week to Tuesday November 12 because of higher prices in the upstream hot-rolled coil market, sources said. HRC prices were boosted by strong domestic demand and production restrictions imposed by China's Ministry of Ecology and Environment on cities in the Yangtze River Delta to reduce air pollution.Cold r...Read More

Prices for import billet and rebar, and domestic rebar in the United Arab Emirates have increased over the past week on improving demand, market sources said on Tuesday November 12.Some market participants believe prices will increase further due to the global rise in production costs, while others argue that demand is not strong enough to support such increases.Billet importsBillet was offered fr...Read More

Here is what's new today on INK Ultra Money.1.Is the VC Bubble Popping? - Real Vision (free video)Filling in for AK, Real Vision's Drew Bessette breaks down the recent collapse in value of Silicon Valley unicorns as their growth-at-all-cost business model is being actively challenged. Despite interest rates at 5,000 year lows, a third of Russell 2000 stocks can't turn a profit 2. First National...Read More

Rebar contracts on the Shanghai Futures Exchange increased on Tuesday November 12 following two notices about winter production restrictions in the Fenwei Plain and Yangtze River Delta regions, but spot prices were unchanged. Eastern China (Shanghai): 3,700-3,740 yuan ($528-534) per tonne, unchangedNorthern China (Beijing): 3,630-3,650 yuan per tonne, unchangedRestrictions on production have been...Read More

The latest bids, offers and deals in the global markets for rebar, wire rod, beams and other long steel products. Latest transaction: rebar, wire rodRebar East China, domestic, grade III 16-25mm...Read More

Turkish steel producers have taken a break from the deep-sea scrap market after last week's burst of buying activity for December cargoes, sources said on Tuesday November 12.Fastmarkets has recorded trades for 10 deep-sea cargoes at strengthening prices since the beginning of last week, totaling around 340,000 tonnes.The mills stepped away from the deep-sea markets on Tuesday, but they were expec...Read More

Seaborne iron ore prices rose above $80 per tonne cfr on Tuesday November 12 amid advances in the derivatives markets following news on production restrictions in China and Vale's lower sales target.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $81.48 per tonne, up $2.50 per tonne.62% Fe Pilbara Blend fines, cfr Qingdao: $81.51 per tonne, up $2.50 per tonne.62% Fe low-alumina fines, cfr Q...Read More

Seaborne iron ore prices fell below $79 per tonne cfr China on Monday November 11 amid worsening market sentiment.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $78.98 per tonne, down $1.13 per tonne.62% Fe Pilbara Blend fines, cfr Qingdao: $79.01 per tonne, down $1.13 per tonne.62% Fe low-alumina fines, cfr Qingdao: $78.30 per tonne, down $1.20 per tonne.58% Fe fines high-premium, cfr Qin...Read More

CIS billet producers managed to secure several deals at higher prices in North Africa in the past few days, but most buyers have remained in wait-and-see mode since the start of November.Ukraine's Metinvest returned to the market in November and sold a 25,000-tonne billet cargo with increased manganese content to a buyer in Libya in the past few days at around $405-407 per tonne cfr, sources told...Read More

Prices for import billet and rebar, and domestic rebar in the United Arab Emirates have increased over the past week on improving demand, market sources said on Tuesday November 12.Some market participants believe prices will increase further due to the global rise in production costs, while others argue that demand is not strong enough to support such increases.Billet importsBillet was offered fr...Read More

By: Avi GilburtThe metals market is an extremely emotional one. The highs and lows you see with metals traders are evident at each of the extremes. I think we are now approaching another extreme.Several months ago, back in early June, I notified those willing to listen that gold was preparing to "take off like a rocket-ship." To my members of ElliottWaveTrader.net, I outlined my expectations fo...Read More

Clint Siegner, Money MetalsThe recent price smash in precious metals is frustrating for goldbugs. It is even more infuriating for those who look at the fundamental reasons to own gold and silver and see prices falling anyway.That's why it's worth explaining once again the real purpose of the futures markets, where prices are set. Some recent revelations about Bitcoin futures will help.The CME la...Read More

By: Ira EpsteinFed's Powell speaking this week. Still a washout in gold, huge outflows from the market. Gold 3-days under Bollinger lower band..Read More

Rebar contracts on the Shanghai Futures Exchange increased on Tuesday November 12 following two notices about winter production restrictions in the Fenwei Plain and Yangtze River Delta regions, but spot prices were unchanged. Eastern China (Shanghai): 3,700-3,740 yuan ($528-534) per tonne, unchangedNorthern China (Beijing): 3,630-3,650 yuan per tonne, unchangedRestrictions on production have been...Read More

European manganese alloys prices are extending their losses in the spot market in line with weaker demand from the steel sector, and further weighed by persistent falls in manganese ore prices in recent months, industry sources told Fastmarkets.The silico-manganese market weakened by almost 4% to ?,?840-860 ($926-949) per tonne from ?,?880-890 per tonne in the past week, after suppliers cut their...Read More

Gold trading volume & open interest are through the roof, and Dave Kranzler says that's because the banks are desperate to contain gold's price rise! Economic recession and depression are coming, and before long, the plunge protection team will lose control of the stock market, and they'll pull the plug when it gets to that point.Dave sat down with Half Dollar on Tuesday for a robust discussion on...Read More