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
While the media in the UK is asserting lockdown measures caused COVID-19 deaths and cases to plummet, Sweden saw an even greater drop Continue...Read More
Prime Minister Justin Trudeau says the federal government is launching the long-promised buyback program for what he has described as "assault" or "assault-style" firearms.Continue...Read More
I am a long term dollar bear and gold bull but have been neutral on both forContinue...Read More
There has been quite a bit of chatter related to precious metals lately. The rally in Continue...Read More
Turkish steel producers resumed their deep-sea scrap purchases, accepting higher prices due to support from growing steel demand, market sources told Fastmarkets on Thursday February 18.A steel mill in the Marmara region booked a US cargo, comprising 25,000 tonnes of HMS 1&2 (80:20) at $418 per tonne cfr late on Wednesday February 17.The previous US cargo sold at $410 per tonne cfr for the same ma...Read More
We don't have a booming economy, we have a shopping spree.Food and energy prices on the rise.There is no gender pay gap, but new laws will create one.Peter Schiff is an internationally recognized economist specializing in the foreign equity, currency and gold markets. Mr. Schiff made his name as President and Chief Global Strategist of Euro Pacific Capital. He frequently delivers lectures at major...Read More
A growing optimism from sellers has led to higher offers for steel billet cargoes shipped to Southeast Asia in the last day, market participants told Fastmarkets on Thursday February 18.Fastmarkets' daily price assessment for steel billet, import, cfr Southeast Asia, which mainly looks at 120-150mm 5sp grade billet sold into the Philippines, was $560-570 per tonne cfr on Thursday, up $10 per tonne...Read More
Peter Epstein of Epstein Research discusses VanGold's preliminary economic assessment on its combined El Cubo and El Pinguico silver-gold project in Mexico. Note: The company is raising C$17M in equity at C$0.30, with a full warrant at C$0.45, and is on track to finalize a C$9.5M gold/silver loan facility. All figures are US$ unless indicated otherwise. (Au) = gold, (Ag) = silver.If gold (+24.4%...Read More
Aurania Resources also obtains previously generated seismic data of the area covered by its new concessions. Aurania Resources Ltd. (ARU:TSX.V; AUIAF:OTCQB) announced in a news release the Peru government granted the first six mineral exploration concessions from the 393 covering approximately 384,000 hectares (Ha) applied for in northern Peru. "Application for this extensive concession package w...Read More
Drilling in Dolly Varden Silver's Torbrit deposit returns additional high-grade silver intercepts. In a news release, Dolly Varden Silver Corp. (DV:TSX.V; DOLLF:OTCMKTS) announced that high-grade silver intercepts highlighted the final results of its 2020 drill program at the Torbrit deposit at its Dolly Varden project in British Columbia. Both infill and step-out drilling were conducted at the d...Read More
A key topic reverberating around the Asian steel market over the past month has been the possibility of China reducing steel export rebates to 9% from the current 13%, or possibly axing them altogether.Market chatter on this topic has grown increasingly louder, with industry sources in China hearing more and more details about these plans from late January onward."This is likely in line with China...Read More
Also with this work, Defense Metals fine-tunes process variables, thus refining its metals separation flowsheet. Defense Metals Corp. (DEFN:TSX.V; DFMTF:OTCQB; 35D:FSE) announced in a news release the positive results of additional pre-pilot hydrometallurgical testing on high-grade rare earth element (REE) mineral concentrate produced at the company's pilot plant using ore from its Wicheeda prope...Read More
Black Tusk Resources completes drilling three initial holes at McKenzie East. Black Tusk Resources Inc. (TUSK:CSE; BTKRF:OTCMKTS; 0NB:FSE) announced in a news release it finished drilling the first three holes, over 1,049 meters (1,049m), one of which showed a grain of visible gold, at its McKenzie East project north of Val d'Or in Quebec. The company reported that observation of that particular...Read More
Riley Gold Corp. reported it has greatly expanded the land position at its Tokop Gold Project to more than 21 square kilometers. Riley Gold Corp. (RLYG:TSX.V) announced in a news release that "it has significantly increased the land position of its Tokop Gold Project located within the Walker Lane Trend in Nevada by 400% to over 21 square kilometers."The company advised that its strategy to signi...Read More
Here are five Fastmarkets stories you might have missed on Thursday February 18 that are worth another look.Italian steel distributors' association Assofermet has sent a letter to the European Commission highlighting distortion in the European Union carbon and stainless flat steel market caused by anti-dumping and safeguard measures.Low-carbon aluminium will be part...Read More
Italian steel distributors' association Assofermet has sent a letter to the European Commission highlighting distortion in the European Union carbon and stainless flat steel market caused by anti-dumping and safeguard measures. The association has specifically asked not to prolong existing safeguard measures into steel imports beyond their expiration on June 30 this year, it said on Wednesday Febr...Read More
Commodity prices have remained in a prolonged downward trend since the price peak in mid-2008. Driven lower by a firming U.S. dollar (DXY) beginning in 2008-2011 and continuing until the present, the S&P GSCI Commodity Index has declined by about 80 percent over the last 13 years.The recent rally in the S&P GSCI Commodity Index (GTX) in 2020 appears to be a reaction to the DXY price weakne...Read More
Theeffort to squeezesilver shorts may appear to have fizzled, but naked short sellersare as vulnerable as ever.Silverfutures prices are entering backwardation. That is a bad omen for anyonebetting on lower silver prices.Backwardationhappens very rarely, but this condition has been a reliable indicator thathigher prices are on the way each time it has occurred over the past decade.Inthe futures mar...Read More
2020 was a stellar year for the precious metals, indeed one for the books. As the pandemic hit the global economies early in the year and governments around the world began to shut everything down and the printing machines began to print ginormous amounts of money out of thin air to save their economies from total collapse, gold jumped 24%, while silver jumped nearly 50%, over double that of gold....Read More
Italian steel distributors' association Assofermet has sent a letter to the European Commission highlighting distortion in the European Union carbon and stainless flat steel market caused by anti-dumping and safeguard measures. The association has specifically asked not to prolong existing safeguard measures into steel imports beyond their expiration on June 30 this year, it said on Wednesday Febr...Read More