The Global Precious Monthly Metals Index (MMI) rose by 2.9% for this month’s value, as gold prices picked up amid the ongoing Russia-Ukraine war. The March 2022 MMI report, featuring all 10 MMI indexes, will be available for download later today. Gold prices rise February proved a difficult month for stocks, as the S&P 500 fell […]
Category: Precious Metals
Russia sends in the troops, impacting metals markets
So, after weeks of will he, won’t he, Russian President Vladimir Putin finally ordered troops into two regions of eastern Ukraine. After recognizing Luhansk and Donetsk as independent states earlier this week, Putin made an emotional and rambling televised address to the Russian people. Where this will lead no one knows. But it seems unlikely […]
Global Precious Metals MMI: monthly index rises on strong palladium prices
The Global Precious Monthly Metals Index (MMI) rose by 6.8% for this month’s reading. This represents the second month in a row of precious metals inswz increases. Last month the index increased by 4.1%. Palladium, and to a lesser extent, platinum drove the index higher. Most of the other precious metals held flat or fell. The […]
Mining follows the trend to re-shore to the USA
We have heard a lot in recent years about re-shoring. Simply, the return of manufacturing capacity wilfully relinquished to China over the last 20 years, back to the USA. Or at least we have heard about near-shoring to lower labor cost partners like Mexico. Few would argue it would be good for the US economy, […]
Global Precious MMI: Gold prices rise; Fed continues tapering
The Global Precious Monthly Metals Index (MMI) rose by 4.1% for this month’s reading. Stay up to date on MetalMiner with weekly updates – without the sales pitch. Sign up now. Gold prices make gains to close 2021 Gold prices picked up steam throughout the final month of 2021. The U.S. gold spot price opened December […]
Global Precious MMI: Gold prices dip to close November; markets await Fed meeting news
The Global Precious Monthly Metals Index (MMI) fell 4.7% for this month’s MMI value, as gold prices slipped to close November. MetalMiner has launched a full suite of precious metals as part of the MetalMiner Insights platform. Gold price ups and downs As MetalMiner Insights subscribers may have noted — the Insights platform now offers a suite of […]
Week in Review: Steel prices soften; House sends infrastructure bill to Biden’s desk; CPI rises 0.9% in October
Before we head into the weekend, let’s take a look back at the week that was and the metals storylines here on MetalMiner, including softening steel prices, the House’s passage of the over $1 trillion infrastructure bill and more: Check if your service center is providing you with price transparency for your steel spend. Week […]
Global Precious MMI: MetalMiner launches precious metals suite in MetalMiner Insights
The Global Precious Monthly Metals Index (MMI) rose by 5.8% this month. MetalMiner has launched a full suite of precious metals as part of the MetalMiner Insights platform. MetalMiner launches precious metals suite in MetalMiner Insights In case you missed it, MetalMiner has launched a full suite of precious metals as part of the MetalMiner Insights platform. […]
The ‘B’ Word, Part 2: Durability, portability and uniformity of Bitcoin
In the first part of this series, we discussed monetary inflation, the history of gold as a store of value and how digital assets, like Bitcoin, may be the next big thing in the technology of money. The narrative of gold being the premier store-of-value asset has captivated like-minded investors for centuries. In this follow-up […]
The ‘B’ Word, Part 1: Store-of-value assets in a digital age
$3,623,000,000,000 — that is the increase of M2 money supply in 2020. By now, there should be no surprise what the effect of printing 23% of total USD has on commodity markets. Aluminum breached $3,000 per metric ton this week. Carbon steel price action is only now seeing moderate relief after what seemed to be […]