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
A vessel contracted by Brazil-based miner Vale is grounded off the coast of the country's north-eastern Maranh??o state, having suffered damage after leaving the Ponta da Madeira Maritime Terminal earlier this week.Vale's shipments from Ponta da Madeira were not affected by the incident, the miner said late on Wednesday February 26.The ship, a very large ore carrier (VLOC) called MV Stellar Banner...Read More
The latest forecasts from Fastmarkets' team of analysts are ready to view.Across the regions, producers of welded linepipe and oil-country tubular goods (OCTG) saw their margins shrink with substrate costs increasing in the third quarter of 2020.Many have been attempting to protect margins with higher prices, with varying degrees of success. Europe-origin commodity-grade steel hot-rolled coil and...Read More
i24News is reporting that Israel has called up some reserve units for air defense, home front and intelligence as Defense Minister Avigdor Liberman consults with military leaders at IDF headquarters.Read full newsRead More
The physical iron ore markets were mixed on Monday July 16, with a few brands fetching higher prices at Chinese ports while seaborne cargoes performed worse in comparison....Read More
Harley Schlanger's work can be found at LaRouchePAC.com.Read More
Standard Lithium Ltd it is undertaking a pilot project in southern Arkansas to test carbon-capture technology to reduce emissions, the company said. The pilot project will be undertaken in collaboration with the owner of the technology, Aqualung Carbon Capture AS, and will be installed at a natural gas processing site in Columbia County, Arkansas, that is owned and operated by oil and gas explorat...Read More
Harry Dent takes a look at the state of the stock market and the bond market to offer insight on what we can expect to see in the coming weeks...Read More
A shortage of containers to ship commodities around the world and the consequent soaring in associated freight rates have led to a revival of interest in breakbulk cargoes. Producers and physical traders of metals, agricultural, chemical and timber products have been starting to book shipments in breakbulk vessels, which cost far less and doesn't require vast amounts of equipment in port. On the m...Read More
China will no longer accept scrap metal shipments from abroad from January 1, 2021, the government said on Wednesday November 25.Scrap buyers in China were informed via a joint statement from the environmental and commerce ministries, the General Administration of Customs and the National Development and Reform Commission that their import quotas for foreign waste, including waste paper and scrap....Read More
You need to own gold; and you need to own shares in companies that find and mine it. I lay out seven reasons below, in what I'm calling the "Seven Pillars of Gold."Each "pillar" reinforces the argument for holding gold.There's some overlap between each of the pillars. In fact, it's fair to say that many of the reasons to own gold actually segue back and forth, bumping into each other. But it's pos...Read More
Key data from the Wednesday November 13 pricing sessions in Shanghai and London. Key drivers China's cobalt sulfate price dropped by 6% from last Friday when weak demand forced suppliers to cut offers to encourage sales and facilitate cashflow in the run-up to year-end.The cobalt tetroxide price is under...Read More
Sheahan Diamond Literature Reference CompilationThe Sheahan Diamond Literature Reference Compilation is compiled by Patricia Sheahan who publishes on a monthly basis a list of new scientific articles related to diamonds as well as media coverage and corporate announcements called the Sheahan Diamond Literature Service that is distributed as a free pdf to a list of followers. Pat has kindly agreed...Read More
By Avi GilburtFor those that follow me regularly, you will know that I have been tracking a set-up for the SPDR Gold Trust ETF (NYSEARCA:GLD), which I analyze as a proxy for the gold market. I also believe that gold can outperform the general equity market once we confirm a long-term break out has begun.While I have gone on record as to why I do not think the GLD ETF is a wise long-term investme...Read More
South Africa's Gold Fields reported lower production for the March quarter and flagged more challenges at its problematic South Deep mine on Wednesday, sending its share price sharply lower.South Deep, the company's last South African asset, has faced numerous operational obstacles in a tough geological setting 3 km (2 miles) below the surface and made a loss of 337.6 million rand ($27 million) in...Read More
It's like the whole thing never happened, leaving nothing but sleep deprivation in its wake. The lesson? Actually, there are several...by John Rubino of Dollar CollapseFor just a little while - literally a couple of days - silver stackers saw the light of sudden riches at the end of the tunnel. The Reddit/Robinhood hoards had noticed that the metal was cheap and blatantly manipulated, and therefor...Read More
World's second largest miner Rio Tinto (ASX, LON, NYSE:RIO) said Monday it will begin developing its Koodaideri iron ore mine in Western Australia's Pilbara region next year, highlighting parallel plans to de-bottleneck rail capacity, which should increase it to 360 million tonnes per annum (mtpa) in 2019.The miner also said it would mine its first tonnes from the project, which it says it's one...Read More
The Luddites Among Us … Certain economic ideas that are both logically wrong and unsupported by historical facts, and which have been known to be wrong for 250 years, are still widely held. This annoys economists. There is something that seems inherent in men's approach to thinking about their own wealth that persuades them that what they have seen, over and over, in nation after nation,...Read More
Chinese steel exporters are bracing for a tough year end and an equally challenging 2020, even as the trade war between China and the United States mellows after a truce reached in early October.A source at a major steelmaker in eastern China expects the export market for Chinese steel to worsen in the months to come, even if the US holds off on increasing its tariffs on Chinese imports. "The truc...Read More
Primary aluminium stocks at the three main Japanese ports (MJP) of Yokohama, Nagoya and Osaka rose another 6.4% month on month in May, according to Marubeni Corp data released on Friday June 15.MJP aluminium stocks totaled 284,200 tonnes at the end of last month compared with 267,100 tonnes at the end of April. Total stocks at the end of May were also up by 6.9% from the same period of 2017. ...Read More
Metallic Minerals Corp. announced it has filed the National Instrument 43-101 technical report for its inaugural mineral resource estimate for its 100%-owned flagship Keno silver project adjacent to Hecla's mining operations in the Yukon. Find out what the company has planned for the rest of the year.Metallic Minerals Corp. (MMG:TSX.V; MMNGF:OTCQB) announced it has filed the National Instrument 43...Read More