But you probably won't hear anything about this latest breakthrough from the American media, which covered the race for a vaccine with breathless enthusiasm.Continue...Read More
Ex-Merrill Lynch Gold Traders Found Guilty in Spoofing Trial https://news.bloomberglaw.com/banking...Yes, the trader was found guilty. But, what the article did not say was how many charges in the RICO investigation that the judge dropped, like commodities fraud, that were far more serious than the one charge that was plead guilty to. ?>>?Commit to tipping us monthly for our hard work creating hig...Read More
Silver has crashed to near $23/oz and gold to $1725/oz. Steve Penny will be here LIVE at 9pm Eastern to share insight into why metals and crashing and what to expect next. Steve Penny is a full-time trader specializing in silver, gold, and uranium. Steve Penny's Silver Chartist: https://www.silverchartist.com.Read More
Vietnamese steelmakers are planning to return to importing deep sea cargoes after limited recent buying activity in the country, sources told Fastmarkets on Tuesday August 10. Vietnamese buyers are looking closely at deep-sea cargoesMajor Chinese steel mills lower domestic scrap purchase prices for the second time in five daysTaiwan secures containerized scrap at lower pricesVietnamBuyers are seek...Read More
James Kwantes of Resource Opportunities profiles Visionary Gold and its Wyoming gold project. Junior exploration projects are notorious for their pitfalls. Lack of minerals is the obvious fatal flaw; others run the gamut from geology and geography to social license and permitting, with other risks in between. Venomous snakes slithered onto that list at the last gold project Wes Adams worked on,...Read More
Roger Moss, the CEO of Labrador Gold, sits down with Maurice Jackson of Proven and Probable to discuss his company's exploration in Newfoundland. Maurice Jackson: Joining us for a conversation is Roger Moss, the CEO of Labrador Gold Corp. (LAB:TSX; NKOSF:OTCQX).It's a pleasure to be speaking with you sir, as you have some very encouraging news coming from the Kingsway Gold Project, this time in t...Read More
Sector expert Michael Ballanger describes his strategy for investing in gold and silver markets in August, which has historically been, in his experience, the "singular best month of the year to acquire gold and the miners." The image above is a massive granite wall that is part of the Canadian shield, a large area of exposed Precambrian igneous and high-grade metamorphic rocks that forms the anc...Read More
Rebar futures on the Shanghai Futures Exchange increased on Tuesday August 10 and spot prices quickly followed suit, with production cuts widely expected for the rest of 2021, sources told Fastmarkets.DomesticEastern China (Shanghai): 5,200-5,230 yuan ($802-807) per tonne, up by 10-20 yuan per tonneAccording to a report by a local information provider on Monday, Hebei province plans to cut 21.71 m...Read More
The 2022 Winter Olympics and Winter Paralympic Games will test China's resolve on decarbonization, with new pollution control measures likely to be imposed for the major sporting event, sources told Fastmarkets.Beijing and the surrounding area of Hebei, including Yanqing and Zhangjiakou, will host 109 sporting events in 15 disciplines on February 4-20 in 2022 for Winter Olympic Games and March 4-1...Read More
Increased offer prices for silico-manganese in India in the week to August 10 may stop the downward trend in the Indian silico-manganese export market, sources told Fastmarkets.Offer prices for domestic silico-manganese (60% Mn min/min 14% Si) increased to 95,000-96,000 rupees ($1,278-1,292) per tonne on Friday, from 93,000-94,000 rupees at the start of August, against renewed demand from Indian s...Read More
The 2022 Winter Olympics and Winter Paralympic Games will test China's resolve on decarbonization, with new pollution control measures likely to be imposed for the major sporting event, sources told Fastmarkets.Beijing and the surrounding area of Hebei, including Yanqing and Zhangjiakou, will host 109 sporting events in 15 disciplines on February 4-20 in 2022 for Winter Olympic Games and March 4-1...Read More
Here are five Fastmarkets stories you might have missed on Tuesday August 10 that are worth another look.Germany's Thyssenkrupp ended force majeure at its Steel Europe division on August 6, the company's spokesperson told Fastmarkets on August 10.If any member was going...Read More
Global aluminium premiums were supported across the globe by insufficient supply, strong demand and rising freight rates, although market illiquidity kept Asian and Brazilian markets static during the week to Tuesday August 10.US Midwest market sets another record high on tight supplyRotterdam premiums hold at all-time high amid strong fundamentalsJapanese, South Korean premiums unchanged due to s...Read More
Prices for hot- and cold-rolled steel sheet in Russia's Central Federal District around Moscow went down as expected in the week ended Monday August 9, while the price of steel plate was stable despite downbeat sentiment among both mills and stockists, sources have told Fastmarkets.Hot-rolled sheetTwo key flat steel producers reduced their prices for HR sheet over the week by 7,200-7,500 roubles (...Read More
Most prices for steel import into the United Arab Emirates and Saudi Arabia decreased during the week ended Tuesday August 10 because of weak demand, sources told Fastmarkets.The main reasons for the poor level of demand was said to be the holiday season, as well as the fact that buyers wanted to see prices reach a bottom before placing orders.Saudi ArabiaIndia offered hot-rolled coil at $960-980...Read More
Here are five Fastmarkets stories you might have missed on Tuesday August 10 that are worth another look.Germany's Thyssenkrupp ended force majeure at its Steel Europe division on August 6, the company's spokesperson told Fastmarkets on August 10.If any member was going...Read More
If any member was going to leave the London Metal Exchange ring trading floor, the exchange was probably hoping it wouldn't be Triland Metals Ltd.The company, a wholly owned subsidiary of Japanese conglomerate Mitsubishi, is one of the exchange's longest serving Category 1 members, having joined in 1972 after being founded in the prior year. Having a unit of Japan's largest trading company as a ri...Read More
The aggressive effort to control the price of gold is an indicator that the...by Dave Kranzler of Investment Research DynamicsIn the last FOMC policy announcement, the Fed announced that it is establishing a "standing" $500 billion repo facility open to domestic and foreign banks. A repo facility provides overnight or short term liquidity to the banking system. It moves liquidity around from banks...Read More
Why did the price of silver fall?by Keith Weiner of Monetary-MetalsOn Friday, August 6, the price of silver fell from around $25.15 to a low around $24.25, or -3.6%. We were told, also on Friday, that this drop occurred at a "weird hour when there was no liquidity." In fact, it happened shortly after noon in London. We were earnestly assured that this proves the manipulation conspiracy theory beca...Read More
Tin's three-month price reached a new all-time high of $35,300 per tonne on the London Metal Exchange, with continued tightness continuing to grip the market, while the rest of the complex rose by an average of 1.3% on Tuesday August 10. Tin's three-month price has increased by around 9.5% in the last month, having had an intraday high of $32,250 per tonne on July 12. Around 470 lots of tin h...Read More