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
With the exception of lead on the Shanghai Futures Exchange, base metals prices were stronger this morning, Thursday April 29, reassured that Federal Reserve would keep policy loose and because United States President Joe Biden pumped up the outlook for the US by saying the country is "ready for takeoff". Tin leapt higher on the LME on Wednesday, with the SHFE contract catching up today...... Mala...Read More
The demand for nickel and cobalt as battery materials for electric vehicles (EV) will keep their long-term bullish fundamentals intact, according to Canadian miner Sherritt International.Over the past six months, numerous carmakers and governments have announced plans for significant investments to expand EV production capacity to meet growing demand, the company said.Sherritt produces nickel plus...Read More
The first shot was a piece of cake.The second knocked me on my ass.Last Friday, I got my second shot of the Pfizer COVID vaccine.Since it barely affected me the first time, I didn't expect much.By 10:00 p.m. that night, I was shivering under my blankets and taking Tylenol to fend off some pretty extreme joint and muscle aches.I was also unable to fall asleep until around 4:30 Saturday morning. And...Read More
The current Argentinian administration under President Alberto Fern??ndez is committed to developing the lithium resources that the country owns, although the government's efforts could be dampened by the lingering historic macroeconomic instability of the state, analysts told Fastmarkets.In early April, Argentina's government announced it had set up the "Mesa Nacional del Litio" roundtable in col...Read More
I don't often get into a row with my readers.Most of the time, we're in lockstep together when it comes to the U.S. energy sector.Together, we've uncovered the most lucrative energy investments simply by recognizing a situation long before it bears fruit.I know my veteran readers will remember us discussing the potentially wild profits from tight oil resources in the lower 48 states years before t...Read More
Here are five Fastmarkets stories you might have missed on Thursday April 29 that are worth another look.Major Indian steelmaker JSW Steel is reducing steel production to ensure that sufficient oxygen is sent from its plants to the healthcare sector to help combat the surge in Covid-19 cases in...Read More
ArcelorMittal has again increased its official offer prices for all steel coil products in Northern Europe by ?,?20-50 ($24-60) per tonne, sources told Fastmarkets on Thursday April 29.The steelmaker had already increased its offers three times in April.With this latest increase, offer prices for hot-rolled coil reached ?,?1,020 ($1.233) per tonne ex-works, up by ?,?20 per tonne from the most rece...Read More
Fastmarkets' weekly price assessments for the CIS export steel market will not be published on May 3 or 4 because of recent changes to the public holiday schedule in Ukraine. Instead, the prices will be published on May 5.The prices affected will be:MB-STE-0012 Steel cold-rolled coil, export, fob Black Sea, CIS, $ per tonneMB-STE-0013 Steel heavy plate, 8-50mm, export, fob Black Sea, CIS, $ per to...Read More
Fastmarkets' weekly price assessments for the CIS export steel market will not be published on May 3 or 4 because of recent changes to the public holiday schedule in Ukraine. Instead, the prices will be published on May 5.The prices affected will be:MB-STE-0012 Steel cold-rolled coil, export, fob Black Sea, CIS, $ per tonneMB-STE-0013 Steel heavy plate, 8-50mm, export, fob Black Sea, CIS, $ per to...Read More
Demand for steel rebar in Egypt should increase soon after the new construction regulations come into effect on May 1, sources told Fastmarkets on Thursday April 29.The Egyptian Ministry of Local Development announced that it will allow new building permits from May 1 onward, sources told Fastmarkets.The permits will be provided until June 30 as part of a trial period and after the trial, the mini...Read More
Long steel prices in the Turkish domestic market have increased in line with a slight recovery in demand, market sources said on Thursday April 29.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), domestic, exw Turkey, was 6,000-6,100 lira ($730-742) per tonne on Thursday, narrowing upward from last week's 5,950-6,100 lira per tonne.The domestic rebar price in the Istanbul re...Read More
Turkish steelmakers took a break from deep-sea scrap purchases to monitor conditions in the finished steel markets on Thursday April 29, ahead of a 17-day coronavirus lockdown, sources told Fastmarkets.The most recent deep-sea trade was recorded on Wednesday April 28, when a steel mill in northern Turkey was heard booking 22,000 tonnes of HMS 1&2 (80:20) from the Baltic Sea at $432 per tonne cfr.T...Read More
Nobel laureate Robert Shiller, Yale University professor of economics, discusses the factors behind the soaring U.S. housing market on "Bloomberg Markets: The Close."Robert Shiller is an American economist, academic, and best-selling author. He currently serves as a Sterling Professor of Economics at Yale University and is a fellow at the Yale School of Management's International Center for Financ...Read More
00:00?EUR< Introduction01:31?EUR< Beware of the 'Break the COMEX' hype train06:49?EUR< May Day silver massacre10:21?EUR< Silver squeeze 2.014:14?EUR< "Tamp down" silver by CFTC?18:45?EUR< Inflation creep coming22:22?EUR< Powell's toolbox, will it help?24:17?EUR< Yield curve control the last tool25:45?EUR< The Fed is backed into a cornerKnown primarily by his nickname "Turd Ferguson," Craig Hemke i...Read More
On April 21, Russian President Putin warned that certain "red lines" are being crossed by actions of western forces, which threaten Russia's security and sovereignty. If this continues, it will force Russia to respond in an "asymmetrical, swift and tough" way. Yet, as he stated, as such hostile actions toward Russia have become commonplace, "Everyone pretends nothing is happening." Fortunately, th...Read More
In this video Rick Rule states plain and simple that he has fear that the market could explode higher for Uranium, so he says he is buying heavily over the next few weeks. He breaks down what he thinks of the Uranium marketing, investing in Uranium stocks, and we talk about this bull market vs the last bull market, and what to expect going forward.Rick Rule, founder and chairman of Sprott Global R...Read More
"$50 silver has a magnet on it," says Steve Penny of http://SilverChartist.com?EUR<. 0:51?EUR< Gold resistance levels1:48?EUR< Gold rally2:45?EUR< Gold's downside potential3:26?EUR< Gold's fundamentals5:23?EUR< Inflation6:45?EUR< Silver forecast7:40?EUR< $50+ silver8:20?EUR< Silver cup & handle9:44?EUR< Silver's fundamental value12:03?EUR< Mining sector12:50?EUR< Copper14:18?EUR< #SilverSqueeze?EU...Read More
Danielle DiMartino Booth 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 Reserve is Bad for America. DiMartino Booth began her career in New York at Donaldson, Luf...Read More
"Rather than having them confiscate your guns, rather than having them confiscate your gold & silver... what they have learned is that they can steal from you indirectly, and it's extremely popular."- Rick RuleRick Rule, CEO of Rule Media, returns to Liberty and Finance to announce the virtual webinar "Robinhood, Reddit, and The Rise of the Retail Investor," and to answer your questions on preciou...Read More
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