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
"The supposed attempt by Redditors to engineer a short squeeze in silver is not going as well," Continue...Read More
Jason shares his thoughts on the new silver short squeeze that the Wall Street Bets crowd is trying by cleaning out physical silver from bullion dealers and buying up shares of First Majestic Silver. (NYSE: AG). Silver Futures Soar 8%, Rise Above $29 As Reddit Hordes Pile In https://www.zerohedge.com/markets/red...?EUR
Big moves in silver outshine modest gains in gold.Robinhood users are the product, not the customers.Government regulators emboldened to act.Watch out for the numismatic bait and switch from precious metals dealers.Elon Musk and Ray Dalio don't sound like Bitcoin buyers.Elon Musk is wise not to throw pins while living in a bubble.Peter Schiff is an internationally recognized economist specializing...Read More
Peter Krauth, editor of Silver Stock Investor, explains why he believes silver's movements this past week were just a small taste of its opening act. TEMPORARILY OUT OF STOCK.That's the message most hopeful physical silver buyers have been getting since the last days of January. Odds are bullion dealers going to have a tough time keeping any silver in stock.Everyone is buying, and no one is selli...Read More
Bill Powers of Mining Stock Education profiles FPX Nickel, which is exploring the Baptiste nickel deposit in the Decar nickel district in British Columbia. Decar Nickel DistrictSignificant nickel discoveries are rare, but when they do occur the market greatly rewards them. In March of last year, Chalice Mining (OTC:CGMLF) was trading around US$.08. Then Chalice announced a major nickel discovery...Read More
Maurice Jackson of Proven and Probable sits down with Millrock CEO Gregory Beischer to talk about recent developments at the prospect generator. Maurice Jackson: Joining us for a conversation is Gregory Beischer, the CEO of Millrock Resources Inc. (MRO:TSX.V; MLRKF:OTCQB). It's been a couple of months since we last spoke. Let's get readers up-to-date on the latest developments on the 64 North Pro...Read More
Gold Standard Ventures reports that this designation is an important milestone in the permitting process. RC drill at the Pinion North ZoneIn a news release, Gold Standard Ventures Corp. (GSV:TSX.V; GSV:NYSE) announced that the Bureau of Land Management Nevada (BLM) issued a ruling that the company's Plan of Operations for its South Railroad Project (SRP) is deemed to be complete. The firm noted...Read More
Defense Metals reports that the LiDar data "arms us with an enhanced property-wide terrain model." Defense Metals Corp. (DEFN:TSX.V; DFMTF:OTCQB; 35D:FSE) reported in a news release that "it has received final property-wide high-resolution airborne LiDaR (Light Detection and Ranging) survey results for its 1,708 hectare Wicheeda Rare Earth Element (REE) Property near Prince George, British Columb...Read More
A scheme in India to retire and tax older vehicles will increase the supply of scrap to its domestic market, if its implementation goes ahead after years of false starts, market sources told Fastmarkets.On January 25, the Union Minister for Road Transport and Highways, Nitin Gadkari, approved a proposal for a green tax on older vehicles and the scrapping of some vehicles, a government document sho...Read More
A scheme in India to retire and tax older vehicles will increase the supply of scrap to its domestic market, if its implementation goes ahead after years of false starts, market sources told Fastmarkets.On January 25, the Union Minister for Road Transport and Highways, Nitin Gadkari, approved a proposal for a green tax on older vehicles and the scrapping of some vehicles, a government document sho...Read More
As competition in the global steel markets remains fierce, Fastmarkets provides an update on the new, progressing and closed trade cases from around the world in January 2021.The case list below includes only updates. For other continuing cases from 2020, see the updates for December,...Read More
The Pilbara Ports Authority (PPA) issued three advisories over the weekend to clear ports in the Pilbara region in Western Australia ahead of a tropical low.The PPA said it instructed the ports of Port Hedland and Dampier to be cleared on Saturday January 30, and the Port of Ashburton the following day due to strong winds and heavy rainfall forecast across the region due to tropical low 12U.The Au...Read More
The latest forecasts from Fastmarkets' team of analysts are ready to view.This month's key ferro-alloy forecast highlights:?EUR?In a strong start to the year, January saw ore and alloy pricing gains across all markets priced by Fastmarkets - with the exception of Chinese silicon metal export prices, which retreated slightly last month after posting impressive gains in December 2020.The combination...Read More
In our globalized economy, currencypairs have a negative correlation with gold, so how does the current EUR/USDsituation impact the yellow metal?It pays to pay attention to what ishappening in Europe. As is well known, there are many currency pairs in theworld, but the most traded one is the EUR/USD. How does that affect you as agold investor? The equation goes something like this: if the economy...Read More
Copper cathode premiums in China rose on Tuesday February 2, with market participants expecting strong buying activity on expectations of restricted supply after the country's Lunar New Year holiday comes to an end in mid-February.China premiums up but buying muted ahead of holidaySupply issues in Japan, Chile restricting availabilityLondon Metal Exchange price drop encourages some spot buying.Sha...Read More
Near the end of 2020, my research team identified trends, pullbacks, and overall upward/downward trends in US major markets as well as those for Gold and Silver. It is time we revisited these early 2021 predictions in relation to what is happening in the markets currently. You can revisit our original publication entitled What To Expect in 2021 Part II – Gold, Silver, and SPY.At the ti...Read More
Ferrous scrap prices in Mexico started to decline from all-time highs in the week ended on Friday January 29, with several mills reducing their buying price for the steelmaking raw material and announcing further price cuts.In both Baj?-o and Monterrey, price cuts of 100-300 pesos ($5-15) were reported last week. The movement is expected to be followed by weekly price reductions, which could...Read More
A summary of base metals premiums from across the globe for the week to Tuesday February 2.Please click...Read More
Here are five Fastmarkets stories you might have missed on Tuesday February 2 that are worth another look.Steelmaker ArcelorMittal is planning to restart blast furnace (BF) B at its Ghent plant in Belgium by the middle of February this year, the company told Fastmarkets on February 2.Aluminium...Read More
The frenzy of buying activity in silver, attributed to a group of retail investors using the Reddit forum r/WallStreetBets and other social media sites, is waning.The silver surge - which began on January 27 and saw the price of the industrial metal soar to an eight-year high of more than $30 per oz before slipping to just below $27 per oz by Tuesday January 2 - followed a phenomenal upswell in th...Read More