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

(Kitco News) - The gold market is holding support above $1,200 an ounce as the Federal Reserve remains optimistic on the U.S. economy and continues to see a gradual rise in interest rates, according to the minutes of the monetary policy meeting at the start of the month.Gold is seeing little reaction to the minutes as there were few surprises in the comments from central bankers. Markets are alrea...Read More

Suge Knight reveals allegations against a prominent record executive, implicating them messing around with Michael Jackson.Read More

A case can be made that silver's current price "stability" - believed by many to be well below where it "should" be - is the result of at least three interlocking factors.There are certainly other considerations, but the following seem especially relevant today...Our chosen metaphor is the three-legged stool. Take one leg away, and the stool topples. In the case of silver, the outcome is likely to...Read More

Michael Ballanger of GGM Advisory Inc. shares his thoughts on the current state of the market, as well as some stocks he has kept his eyes on.When you are in the business of writing a weekly newsletter covering a specific range of companies within a market environment that has been/continues to be largely out of favor, it becomes quite a chore to find new things to discuss. I cover gold, silver, c...Read More

Bangladeshi steelmakers have largely opted to stay away from buying in the scrap import market this week in the hope that prices will continue to fall, sources told Fastmarkets on Thursday November 11.- Bangladesh buyers step back from market - Shredded scrap offers rise to Bangladesh amid strong Pakistan market - Taiwanese consumers continue to bid low Bangladesh There was a lack of import ac...Read More

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Representatives from the community-based organization Marange Development Trust appeared before Zimbabwe's Parliament to denounce that people in the Marange diamond fields are experiencing worse living conditions now that the Zimbabwe Consolidated Mining Company is in charge of the area.According to Chairman Malvern Mudiwa, the different kinds of abuses that villagers have been enduring for decade...Read More

Good morning from Fastmarkets MB's offices in Asia as we bring you the latest news and pricing stories on Monday November 12.Base metals prices on the Shanghai Futures Exchange were broadly down during Asian morning trading on Monday, dragged down by a strong dollar and negative sentiment surrounding the ongoing trade spat between the United States and China. Only zinc managed to buck the downward...Read More

Nymex Crude oil rose twenty percent in January (till 1st February close). The pace of rise for crude oil will be crucial for global economy. Part of the rise is attributed to short covering. If crude oil rises quickly due to Venezuela, then chances of global economy moving into recession will be very high. Global economy has not yet fully recovered from energy shocks of last year. USA and Russ...Read More

Dear Friend of GATA and Gold:The quarterly report from the U.S. Office of the Comptroller of the Currency showing bank trading revenue, published today and called to GATA's attention by our friend J.H., contains a remarkable graph showing the increase in the notional value of precious metals derivatives held by "U.S. commercial banks and savings associations" quarter by quarter since 2001.These...Read More

Here are five Fastmarkets stories you might have missed on Friday October 2 that are worth another look.The UK will maintain a tariff rate quota on certain steel imports, similar to the one currently in place, once the country has finally left the European Union.Primary aluminium stocks at the...Read More

Cesco Santiago, one of the biggest annual events for the copper industry, has been canceled, organisers confirmed to Fastmarkets. "Both the World Copper Conference organized by CRU and Cesco Dinner will not take place this year," the organization said in a press release dated Monday March 2 after confirming by phone. The organization had been under pressure to at least delay the event because many...Read More

“2022: The Golden Year” activates……as gold and the miners hit our short-term upside targets this week.In August of 2020 we noted the danger signals for gold based on sentiment excess coming out of the acute pandemic fear phase. We also noted the need for a multi-year bullish Cup to build a proper handle after that excess. A Cup’s handle is actually a downward trendi...Read More

Back in 2013 I recall having a bearish view on the stock market due to extremely bullish sentiment readings. The market completely ignored that, made a major breakout through 13 year resistance and continued running for years.Lesson learned.Turning to Gold, we find something similar during major breakouts in 2005, 2007 and 2009. In the chart below we plot Gold along with its net speculative positi...Read More

Lawyers acting for Hernic Ferrochrome have named Samancor Chrome as the preferred bidder for the distressed South African chrome producer, in a deal worth an initial 500 million South African rand ($42.4 million). The company went into business rescue in September 2017 and indicative bids were submitted in December. The purchase price for the asset is an aggregate amount of 500 million rand for th...Read More

President Biden and Donald Trump have very different tax plans they'd like to implement if they win the 2024 presidential election.Read More

Strengths? The best performing precious metal was silver, up 7.30 percent. Gold had a strong week and held above $1,700 an ounce. Bullion rose the most in a week on Wednesday after Fed Chairman Jerome Powell said that the U.S. economy is facing unprecedented downside risks that could do lasting damage. Powell pushed legislators to take more action to support the economy. The poss...Read More

Nickel Creek Platinum Corp. (TSX: NCP; OTCQB: NCPCF) envisions becoming a leading North American producer of nickel, copper, cobalt and PGMs, through their wholly owned, large, undeveloped Nickel Sh??w Project, located in the favorable mining jurisdiction of the Yukon Territory, with exceptional access to infrastructure, including the paved Alaska Highway, which provides year-round access to deep-...Read More

The weak Turkish lira and renewed trade tensions between the United States and China have dampened demand for imported hot-rolled coil in Vietnam.The Fastmarkets MB weekly import price assessment for HRC in Southeast Asia - which mainly looks at Chinese 2-3mm re-rolling-grade SAE1006 HRC and equivalent products sold into Vietnam - was $530-540 per tonne cfr for the week ending Monday May 13, uncha...Read More

Premium hard coking coal prices jumped on Friday September 10, with offers rising to $335 per tonne fob Australia, and market sources blaming tight supply for the increase.Fastmarkets indicesPremium hard coking coal, cfr Jingtang: $480.65 per tonne, up by $4.17 per tonneHard coking coal, cfr Jingtang: $444.04 per tonne, up by $1.76 per tonnePremium hard coking coal, fob DBCT: $333.12 per tonne, up...Read More