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
Once upon a time the Bank of America Fund Manager Survey served a useful indicator of what finance professionals did and thought. Then, Continue...Read More
Germans who refuse to quarantine after being exposed to COVID-19 will be held against their will in detention centers - and even under police guard, according to reports.Continue...Read More
When you challenge the grandiose claims made for masks by pointing out the endless charts showing no discernible effect anywhere, or comparing places Continue...Read More
The Goldbugs disagree with me but that is because they are so brainwashed by that rhetoric.Continue...Read More
The consensus is that asset inflation is unstoppable and forever. History begs to differ.Continue...Read More
Sales of passenger cars in the European Union dropped by 3.27% year on year in December 2020, the European Automotive Manufacturers Association (ACEA) said on Tuesday January 19. New car sales in the EU totaled 1.03 million vehicles in December 2020, down from 1.07 million units sold in the corresponding month of 2019. The four largest EU markets, however, recorded very different results, ACEA sai...Read More
In conversation with Maurice Jackson, the CEO of Rover Metals discusses the firm's milestones achieved in 2020 as well as prospects for continued growth in 2021. Maurice Jackson: Joining us for conversation is Judson Culter, the CEO and director of Rover Metals Corp. (ROVR:TSX.V;ROVMF:OTCQB).A pleasure to be speaking with you today to provide us with an overview of some of the key milestones as w...Read More
Peter Epstein of Epstein Research highlights the importance of NuLegacy Gold Corp.'s drill program this spring. Significant drilling will commence again this spring on NuLegacy Gold Corporation's (NUG:TSX.V; NULGF:OTCQB) highly prospective Rift Anticline target on its flagship 108-sq. km Red Hill gold property in Nevada's prolific Cortez gold trend. The drilling of 12, perhaps 13 more holes will...Read More
Lion One Metals also confirms shallow high-grade mineralization at its Tuvatu project. Lion One Metals Ltd. (LIO:TSX.V; LOMLF:OTCQX) announced in a news release that two recently drilled holes returned high-grade gold mineralization at its Tuvatu project on Fiji. One the holes, TUDDH514, encountered two high-grade lodes. One lode was 24 meters (24m) of 13.31 grams per ton gold (13.31 g/t Au) star...Read More
Pretium Resources reported that FY/20 gold production exceeded the mid-point of its yearly guidance and that it greatly reduced its debt by making a $160 million discretionary payment toward its credit line. Pretium's Brucejack MineIn a news release, Pretium Resources Inc. (PVG:TSX; PVG:NYSE) announced Q4/20 and FY/20 production results and offered production and financial guidance for FY/21. The...Read More
Newrange Gold reported it has completed the sales of its assets in Colombia and will utilize the proceeds to fund development at its Ontario and Nevada operations. In a news release, Newrange Gold Corp. (NRG:TSX.V; NRGOF:OTC) announced that "it has exercised its option to acquire a 100% interest in the H Lake Property, which forms the western portion of its North Birch Project east of Red Lake, O...Read More
Here are five Fastmarkets stories you might have missed on Tuesday January 19 that are worth another look.Rabobank will close its commodity trade finance desks in London, Shanghai and Sydney after reviewing the embattled sector last summer.Brazilian flat steel distributors...Read More
Hot-rolled coil prices in the United States held steady while buyers continued to struggle in their quest for spot tonnage at the domestic mills. Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $56.86 per hundredweight ($1,137.20 per short ton) on Tuesday January 19, little-changed from $56.92 per cwt on the prior business day - Friday January 15 - and an increas...Read More
A summary of base metals premiums from across the globe for the week to Tuesday January 19.Please click...Read More
Mexican steel scrap prices skyrocketed in the week ended Friday January 15, with steelmakers struggling with low inventories and increasing their buying prices to secure supply.In both regions where prices are assessed by Fastmarkets, major scrap consumers applied price increases early last week, and some applied a second increase between January 15 and 18.In the region near the northern city of M...Read More
Here are five Fastmarkets stories you might have missed on Tuesday January 19 that are worth another look.Rabobank will close its commodity trade finance desks in London, Shanghai and Sydney after reviewing the embattled sector last summer.Brazilian flat steel distributors...Read More
The London Metal Exchange and its clearing house are revisiting a proposal to transition to a different way of calculating its clearing methodology. The exchange announced its discussion paper on the topic on Tuesday January 19. The last attempt was made in 2017 and was rejected by LME members because it would make the provision of credit lines expensive and result in the rapid withdrawal of...Read More
Covid-19 appears to have claimed another casualty: the London Metal Exchange ring trading floor. The closure of the floor, now entering its 144th year, has been proposed in a discussion paper issued by the exchange earlier on Tuesday January 19.The open outcry floor may be old, but it didn't appear to have serious underlying health issues. It has successfully fought back against talk it was set to...Read More
The London Metal Exchange and its clearing house are revisiting a proposal to transition to a different way of calculating its clearing methodology. The exchange announced its discussion paper on the topic on Tuesday January 19. The last attempt was made in 2017 and was rejected by LME members because it would make the provision of credit lines expensive and result in the rapid withdrawal of...Read More
Covid-19 appears to have claimed another casualty: the London Metal Exchange ring trading floor. The closure of the floor, now entering its 144th year, has been proposed in a discussion paper issued by the exchange earlier on Tuesday January 19.The open outcry floor may be old, but it didn't appear to have serious underlying health issues. It has successfully fought back against talk it was set to...Read More