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
"It's a cabinet that looks like America, taps into the best of America, and opens doors and includes the full range of talents we have in this nation," Biden stated.Continue...Read More
Spying is as old as civilization. As long as there have been leaders with secrets and armies on the march, opponents have wanted to know Continue...Read More
In my 2011 book, Currency Wars, I gave a detailed description of the first-ever financial war game sponsored by the Department of Defense. Continue...Read More
What happens when America finally admits its middle class is a phantom of feel-good fantasy? We may well find out in the next four years.Continue...Read More
"I'm going to get in trouble for saying this..I'm unsure of that. I'd be unlikely to do that."Continue...Read More
There aren't many companies that meet these criteria, but there are a handful out thereContinue...Read More
Here are five Fastmarkets stories you might have missed on Thursday December 24 that are worth another look.The United Kingdom and European Union have reached an agreement on a trade deal that will ensure tariff-free trading of most goods between the country and the bloc after December 31 when the withdrawal...Read More
The British light iron market was steady over the week to Wednesday December 23 as trading activity slowed ahead of the Christmas and New Year holidays, with many traders already off work, trade sources told Fastmarkets.Still, with European export markets into key destinations such as Turkey climbing since Friday December 18, it seems likely that UK steel scrap prices will extend their price gains...Read More
The price of shredded steel scrap imported jumped over the week to Thursday December 24 due to the uptrend in the international market, sources told Fastmarkets. India Fastmarkets calculated the steel scrap, shredded, index, import, cfr Nhava Sheva, India at $461.63 per tonne on Thursday, up by $32.80 per tonne week on week from $428.83 per tonne one week earlier. One deal was heard this week...Read More
The Critical Investor looks into the technicals for "undervalued" KORE Mining, including the heap leach projects and a plan to spin out the FG Gold Project into Karus Gold.Imperial Gold Project1. Introduction KORE Mining Ltd. (KORE:TSX.V; KOREF:OTCQB ) is a pretty unusual gold junior, as it started trading after the RTO (reverse takeover) in November 2018 owning two advanced heap leach gold projec...Read More
Brazilian slab export prices rose this past week, when sellers increased offers in an attempt to achieve higher price levels.Fastmarkets' weekly price assessment for steel slab, export, fob main port Brazil rose to $670-685 per tonne fob on Thursday December 24, up from $650-670 per tonne fob on Friday December 18.Sellers have been probing...Read More
Steel billet and rebar prices have increased again in Egypt in the week to Thursday December 24, with demand for rebar said to be moderate because of restocking, market sources told Fastmarkets.Locally produced billet was sufficient to meet demand from rebar producers, so buyers did not book any import billet.Demand for rebar and billet has been slow in the country since the imposition of a ban on...Read More
Offers for steel billet from the Commonwealth of Independent States remained high this week despite buying activity only really being seen in Turkey, sources told Fastmarkets on Thursday December 24.Billet offers from major Russian and Ukrainian suppliers were heard at $600-605 per tonne fob Black Sea on Thursday, up from $580-600 per tonne fob on Monday December 21.One electric-arc furnace (...Read More
Here are five Fastmarkets stories you might have missed on Thursday December 24 that are worth another look.The United Kingdom and European Union have reached an agreement on a trade deal that will ensure tariff-free trading of most goods between the country and the bloc after December 31 when the withdrawal...Read More
Do you feel the Christmas spirit whenit comes to the yellow metal and miners? Because we don’t. Multiple signs overthe past few days point to bearish weeks ahead for gold and the gold miners.The VanEck Vectors Gold Miners ETF (GDX) - the most liquid vehicle forinvestors and traders to gain exposure to gold mining companies – is indicatingthat things are only about to go downhill from h...Read More
President-elect Joe Biden is expected to increase further government spending. For this and also other reasons, there is a risk that inflation under Biden’s presidency could be higher than under Trump’s. That would be great news for gold.Let’s face it, Biden won’t have an easy presidency. And I’m not referring to the fact that he will be sworn in as the oldest preside...Read More
Precious metals markets are on the move thisweek. They got a boost following Wednesday’s FederalReserve policy statement. Fed officials kept their benchmark interest rate nearzero and vowed to continue injecting $120 billion per month into the bondmarket. The central bank seemed unconcerned about bubble-likeconditions in equity markets. Nothing seems likely to deter it from pursuingmore stim...Read More
The Tariff Department at China's Ministry of Finance is to reduce or cancel tariffs on certain imported goods from January 1, 2021, including coke and semi-coke from Mongolia.The aim of the move, announced on Monday December 21, is to make better use of resources abroad and promote economic growth. From...Read More
Samarco has resumed the production of iron ore pellets following a restart of operations at its Ubu complex in Brazil's Esp?-rito Santo state, BHP said on Thursday December 24.This follows a resumption of operations at its Germano complex in Mariana city, in Brazil's southeastern Minas Gerais state earlier this month, which involved the restart of one of three iron...Read More
Here are five Fastmarkets stories you might have missed on Wednesday December 23 that are worth another look.World crude steel production increased by 6.6% year on year in November, with China, Germany and Ukraine posting the largest increases.Chilean state copper producer Codelco has increased the...Read More