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
Vancouver, BC - Summa Silver Corp ("Summa Silver" or the "Company")(CSE: SSVR, OTCQB: SSVRF, Frankfurt: 48X) is pleased to provide the following letter to all shareholders from the CEO.Dear Shareholders and Investors,This past year marked a strong debut year for Summa Silver. After listing in February, the Company quickly optioned two high-quality silver and gold exploration properties in und...Read More
Vancouver, BC January 05, 2021 - KORE Mining Ltd. (TSXV: KORE | OTCQX: KOREF) ("KORE" or the "Company") is pleased to provide an update on the proposed transfer of all of its British Columbia ("BC") gold exploration assets ("Spin Out") into a newly incorporated company called Karus Gold Corp. ("Karus" or "Karus Gold").Updates and Next Steps:Spin Out requires approval at the virtual KORE shareholde...Read More
Here are five Fastmarkets stories you might have missed on Tuesday January 5 that are worth another look.Russia's government has done as was expected and has approved an increase in the export duty to be applied to ferrous scrap for the next six months.London Metal Exchange...Read More
China-based minor metals producer Vital Materials has acquired the industrial site of PPM Pure Metals at Langelsheim, Germany. Vital will operate the assets through a newly established subsidiary, Vital Pure Metal Solutions GmbH (VPMS), that will be fully integrated into Vital's global network as a platform to provide sales and recycling solutions to the global customer base, Vital told Fastmarket...Read More
Here are five Fastmarkets stories you might have missed on Tuesday January 5 that are worth another look.Russia's government has done as was expected and has approved an increase in the export duty to be applied to ferrous scrap for the next six months.London Metal Exchange...Read More
Steel scrap prices in Mexico resumed an upward trend in the week ended Friday January 1, with many consumers accepting higher prices for scrap in the final days of 2020 when struggling to secure supply.At least two steel producers in Mexico increased their scrap purchase prices because it has been difficult to secure material, due to the strong competition.In mid-December, tough competition betwee...Read More
Turkish steel mills remained quiet in the deep-sea scrap markets on the second working day of the week, while the market was generally slow during the new year holidays, sources said on Tuesday January 5.Market participants believed that the mills in Turkey would be out of the market until next week, when they are expected to start their purchases for February-March cargoes.Turkish steelmakers hav...Read More
Strong gains were seen across the base metals on the London Metal Exchange at the start of the week and most of the metals in London and all the metals on the Shanghai Futures Exchange were up again this morning, Tuesday January 5. Control of US Senate, with the run-off elections in Georgia, could be market-moving......two democratic wins would strengthen President-elect Joe Biden's hand and that...Read More
China's finance ministry has reduced the subsidies for electric vehicles (EVs) for 2021 by 20%, a move most market participants say they had expected.The Chinese government body announced the the new EV subsidy policy for 2021 on December 31, 2020, which included a 20% reduction year on year as planned. Under the new policy for 2021, the subsidy for pure electric vehicles (PEVs) with a driving ran...Read More
Chinese battery materials producer GEM has signed a memorandum of understanding (MoU) with partners of its Indonesian joint venture to double its stake in the project, the company said on Monday January 4.The joint venture, QMB New Energy Materials, was established in January 2019 following investment by Tsingshan Group, GEM, Brunp Recycling, Indonesia Morowali Industrial Park (IMIP) and Hanw...Read More
I knew Jaguar Health (NASDAQ: JAGX) was a bargain when it was trading below $1.00.Not just because the stock is worth at least $1.00, but because in order to maintain compliance with the NASDAQ, the stock had to trade back up over $1.00, and stay there for at least 15 days.So I recommended it to my readers as a no-brainer trade after the company locked in a deal that would help put the stock get b...Read More
It's a new year, the fog is rising off the water here in Maryland, and thoughts turn to what to do with your money.There are gold bugs and crypto bulls, contrarians and momentum traders. Some people hide their money in FANG stocks, while others are chasing the Green New Deal stocks. But today I'm here to tell you about a simple, worry-free investment strategy that requires about 10 minutes at the...Read More
Flat steel prices in Turkey continued to increase in the week to Thursday December 31, but buying was weak because most buyers were busy with inventory calculations, sources told Fastmarkets.Additionally, hot-rolled coil (HRC) prices fell during the week in China because of weak trading, which created market concerns about whether global flat steel prices would follow, trading sources said.Fastmar...Read More
Steel rebar and billet prices in the United Arab Emirates increased this week because of higher offers and assessments, but market activity was yet to resume after the end-of-year period, sources said on Tuesday January 5. Domestic rebar The country's steel producers sold rebar at 2,259-2,295.5 dirhams ($615-625) per tonne ex-works the week before for orders to be produced in January and have clos...Read More
China's domestic rebar prices stopped rising on Tuesday January 5 on expectations of a drop in demand. DomesticEastern China (Shanghai): 4,510-4,530 yuan ($697-700) per tonne, unchangedEnd-user demand for rebar is decreasing gradually due to falling temperatures, which halted the upward trend in the spot market, though futures edged up during the day. Restocking demand was absent from the market,...Read More
Here are five Fastmarkets stories you might have missed on Tuesday January 5 that are worth another look.Russia's government has done as was expected and has approved an increase in the export duty to be applied to ferrous scrap for the next six months.London Metal Exchange...Read More
In this exclusive interview, Max Keiser, host of the Keiser Report and one of the most influential people in the crypto space reveals his coveted and highly anticipated forecast for bitcoin on Stansberry Research.In 2018, Keiser forecasted that bitcoin would end 2020 around $28,000 a coin - the crypto ended up closing the year at $29,000 a coin, making Keiser's prediction the most accurate compare...Read More
The results of this week's U.S. senate runoff and contested presidential election will affect where the markets go in 2021 says pro trader Nick Santiago of InTheMoneyStocks.com. Nicks shares the best trades he plans to profit from this year. He also shares insights on where USD and oil might head depending on the political composition of the federal government. Nick also discusses the bitcoin trad...Read More
"Extraordinary claims require extraordinary proof."Karl Denninger is an American technology businessman, finance blogger, and political activist, sometimes referred to as a founding member of the Tea Party movement. His website is The Market Ticker. Read More
When something goes straight up, it usually comes straight back down said Chris Vermeulen, chief market strategist at The Technical Traders, referring to bitcoin's recent parabolic move upwards.Gold sees upside to the $2,400 an ounce level in 2021 but faces risks of a possible stock market correction that could drag the metal down.0:00 - 2021 market outlook3:00 - "A very volatile year"5:48 - Trigg...Read More