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
"If you want a population of people to stop thinking an election was stolen from them, it's hard to think of a worse method than ordering a news blackout after it's just been demonstrated that the last major blackout was a fraud."Continue...Read More
In Part 1 of this exclusive interview with our Daniela Cambone, former congressman Dr. Ron Paul discusses the possibility of a Bretton Woods Reset backed by cryptocurrencies. He also shares insights into a personal conversation he had with former Federal Reserve Chair Ben Bernanke on gold. Paul gets candid about why he feels the government will continue to manipulate the gold price and how a retur...Read More
The weight of the evidence (technical, fundamental, sentiment) argues that the correction in Gold and gold stocks is nearly complete.Continue...Read More
Politicians always have to be seen to be doing something. Whether it makes sense or not is irrelevant; what they care about is the appearance of doing something. I call it the Andrew Cuomo syndrome.Continue...Read More
"It's balancing the really somber news that we've got still over 2,000 people dying every day from this virus.""Help is here, hope is on the way but we still need to remember to wear our mask, wash our hands and watch our distances."Continue...Read More
Gold often begins a significant seasonal rally around the time of the Fed's December meeting. The next Continue...Read More
"He creates a patent for a submarine, but he can't remember where he put the loot." Continue...Read More
Peter Epstein of Epstein Research speaks with Golden Independence Mining's CEO about the company's "simple, low-risk heap leach project in Nevada. Note: For the purposes of this article/interview, all references to historical or prospective mineral resource estimates at the Independence Gold project are on a 100% basis. Management expects to earn a 51% interest in the project by 12/31/21. Managem...Read More
Peter Krauth explains why he believes gold will reach record highs next year. Gold is winding up to set new all-time high record prices next year.I know it may not feel that way for some right now, with gold correcting and consolidating since early August.Still, the last four months have been productive. By now gold has worked off most of the excess bullish sentiment its market had built up. Gold...Read More
The transaction details and benefits to acquirer Seabridge Gold are discussed in a Canaccord Genuity report. In a Dec. 9 research note, Canaccord Genuity analyst Dalton Baretto reported that Seabridge Gold Inc. (SEA:TSX; SA:NYSE.MKT) agreed to acquire Pretium Resources Inc.'s (PVG:TSX; PVG:NYSE) Snowfield property and it is a "very sound strategic move for Seabridge," a "Snowfield of opportunity....Read More
Avrupa Minerals Ltd. has begun drilling an initial core hole at its Alvalade copper-zinc project located in Portugal's Iberian Pyrite Belt. In a news release, junior exploration and development company Avrupa Minerals Ltd. (AVU:TSX.V; AVPMF:OTC; 8AM:FSE) announced that it has started drilling on the Alvalade Copper-Zinc VMS project located within the Iberian Pyrite Belt in Portugal.Avrupa Mineral...Read More
Stainless steel producer Outokumpu has upgraded its guidance for the fourth quarter of 2020 following better-than-expected sales, the Finnish company said on Tuesday December 15. With production facilities in Finland, Sweden, Germany, the UK, Mexico and the United States, and sales offices around the world, Outokumpu now expects its earnings before interest, taxes, depreciation, and amortization (...Read More
A shortage of scrap has forced Riva Group to halt steel making operations at its Hennigsdorf site in Germany, several sources told Fastmarkets on December 15.The rebar and wire rod producer had to suspend operations at the Hennigsdorf site, in Brandenburg state in the north east of Germany, last week because it had run out of steel scrap, several sources told Fastmarkets."Riva's Hennigsdorf has no...Read More
China's crude steel, hot metal and finished steel output continued to grow on a year-on-year basis in November, but fell month on month, according to data released by the country's National Bureau of Statistics on Tuesday December 15.November outputCrude steel: 87.66 million tonnes, up 8% from a year earlier, down 4.9% from OctoberHot metal: 72.01 million tonnes, up 4.7% year on year, down 5.5% mo...Read More
Here are five Fastmarkets stories you might have missed on Tuesday December 15 that are worth another look.Brazilian flat steel sales from distributors fell in November compared with the previous month due to limited supply from steelmakers but increased on an annual basis, according to national flat steel...Read More
A summary of base metals premiums from across the globe for the week to Tuesday December 15.Please click...Read More
The vaccines are coming – we’re saved! Although the arriving vaccines are great for humanity, they are bad for the price of gold.In November, Pfizer and BioNTech announced that their mRNA-based vaccine candidate, BNT162b2, had demonstrated evidence of an efficacy rate above 90% against COVID-19, in the first interim efficacy analysis. As Dr. Albert Bourla, Pfizer Chairman and CEO, said...Read More
Ferrous scrap prices in Mexico continued to increase in the week ended on Friday December 11 amid high demand from steel producers and a narrowing price gap between the north and central regions.At least two major steelmakers in the region near the country's northern Monterrey city announced increases in their scrap buying prices amid high competition to secure supply. A third steel producer...Read More
Brazilian flat steel sales from distributors fell in November compared with the previous month due to limited supply from steelmakers but increased on an annual basis, according to national flat steel association Inda.Sales of flat steel products totaled 339,400 tonnes last month, down by 8.7% from 371,700 tonnes in October but up by 15.8% from 293,200 tonnes in November 2019, Inda said...Read More
Thefinal weeks of the tumultuous year that has been 2020 present opportunities forinvestors to get their financial houses in order ahead of the New Year.Nobodyknows what 2021 will bring. But new political risks are likely to emerge –including the threats of higher taxes and a more punitive IRS.Withcontrol of the U.S. Senate still up for grabs pending runoff elections inGeorgia next month, an...Read More