So far half a dozen currencies are down 14% or more year to date against the US Dollar. Jason talks about Currency Wars, Stagflate Tax Lie, Triffin's Paradox and Dollar pegs. Read Jim Rickards' 2010 book Currency Wars for more information.What are Dollar Pegs or Currency Pegs? 1) The Dollar Peg, How It Works and Why It's Done https://www.thebalance.com/what-is-a-...2) Currency Peg https://www.inve...Read More

China's domestic rebar prices stopped rising on Thursday October 29 due to lower buying interest in the higher offer prices. DomesticEastern China (Shanghai): 3,730-3,760 yuan ($556-561) per tonne, unchangedJanuary rebar contracts increased to a high of 3,680 yuan per tonne in the morning October 29, up from the opening price of 3,656 yuan per tonne. Sellers raised their offers by 10-20...Read More

Shares of Alamos Gold traded 12% higher after the company reported record free cash flow in Q3/20 and a 49% sequential increase in gold production versus the previous quarter. Intermediate gold producer Alamos Gold Inc. (AGI:TSX; AGI:NYSE) yesterday announced financial results for its third quarter of 2020 ended September 30, 2020.The company's President and CEO John A. McCluskey commented, "We h...Read More

Once Granite Creek Copper receives the results, it will plan a 2021 resource definition drill program. In a news release, Granite Creek Copper Ltd. (GCX:TSX.V; GCXXF:OTC) provided an update on the inaugural diamond drilling and trenching program now underway at its Stu copper-gold project in the Yukon. The purpose is to follow up and expand on historical drilling done in the high-grade A zone by...Read More

Newrange Gold provided an update regarding its plans for drilling at the Good Hope Mine area of its Pamlico project in Nevada. In a news release, Vancouver-based Newrange Gold Corp. (NRG:TSX.V; NRGOF:OTC) announced that it has obtained all of the required permits and has begun construction work on the road and drill sites in order to "drill test high-grade gold mineralization" that it previously...Read More

UrbanGold Minerals reported it is commencing a line-cutting and surface geophysics program in preparation for drilling on the Cressida block at the JV Bullseye property. In a news release, UrbanGold Minerals Inc. (UGM:TSX.V) and Argonaut Gold Inc. (AR:TSX) announced the start of a "line-cutting and surface geophysics program on the 50-50 joint venture, 8,642.8-hectare Bullseye property in prepara...Read More

Changes in the purchasing habits of some Chinese alloy smelters are partly to blame for the weakness in the low-grade manganese ore market, sources told Fastmarkets.Prices for the low-grade manganese ore, also called semi-carbonate, in both seaborne and portside markets have generally trended downward since hitting year-to-date highs in late April on supply concerns after South Africa implemented...Read More

China's domestic stainless steel prices decreased slightly in the week ended Wednesday October 28 due to softer demand following nickel losses.DomesticStainless steel cold-rolled coil 2mm grade 304 domestic (Wuxi): 14,500-15,200 yuan ($2,157-2,261) per tonne, widened downward by 100 yuan per tonne from a week earlier.The three-month nickel contract on the London Metal Exchange fell steadily from O...Read More

Silver is not just any industrial metal. Used as money for centuries, much longerthan the fiatcurrencies have been used, with its specific properties that arealso widely used in many industries (best conductor of heat and electricity),with crude oil, it is perhaps one of the most versatile commodities.As far as the white metal is concerned,on September24 th , we have warned you about the possible...Read More

Metalsbroke out earlier in the year because there has likely never been so manyfundamental reasons to buy gold and silver.We’ve seen economic turmoil, political strife, social unrest, a $3 trillionfederal deficit, and a dollar weakened by fiscal and monetary stimulus – allhappening at once.Howthe markets finish the year will depend on whether these conditions persist.Thenear-term beari...Read More

Since the middle of 2019, we have been in a preciousmetals bull market, with gold prices hitting a new all-time high of$2079 on August 3, 2020. And silverprices have also been climbing steadily since the beginning of 2Q 2020,sending investors on the search for the best way to play this precious metalsbull run for maximum upside potential. In the search for high upside in this bullmarket, many inv...Read More

Here are five Fastmarkets stories you might have missed on Thursday October 29 that are worth another look.Italian trade unions Uilm and Fiom-Cgil have called for steelworkers at ArcelorMittal Italia to go on strike on November 5 because they have not been given any clear...Read More

India will miss its forecast steel targets in 2030, but the sector should continue to grow on increased government spending, Tata Steel chief executive T.V. Narendran said during Fastmarkets Steel Success Strategies 2020 virtual conference on October 26-28During a Q&A session Narendran was asked to comment on the future of the Indian steel market and production as well as the sustainable growth ra...Read More

Several large steel projects located in Southeast Asia, underpinned by Chinese investment, are nearing completion and will provide a huge boost to production capacity in the region. Of the 59.9 million tonnes of major carbon steel production capacity planned to come on stream in the next decade in Southeast Asia, 39.4 million tonnes will come from Chinese-led projects, according to statistics from...Read More

Here are five Fastmarkets stories you might have missed on Thursday October 29 that are worth another look.Italian trade unions Uilm and Fiom-Cgil have called for steelworkers at ArcelorMittal Italia to go on strike on November 5 because they have not been given any clear...Read More

The three-month price of tin on the London Metal Exchange lagged behind at the close of trading on Thursday October 29, showing the greatest daily losses at 1.1% and slipping below nearby support levels.Meanwhile, a large cancelation in the morning meant that LME lead futures remained elevated over the day.Tin's outright price on the LME closed at $17,822 per tonne on Thursday afternoon, falling f...Read More

Domestic prices for hot-rolled coil in Northern Europe were fairly stable day on day on Thursday October 29, but steelmakers remained bullish due to good order books and a lack of competitive import offers, market sources told Fastmarkets.Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe, at ?,?505.22 ($593.92) per tonne on Thursday, up by just ?,?0.22 per...Read More

Turkey's steel mills did not make any purchases of deep-sea market steel scrap on Thursday October 29 due to a public holiday to mark Republic Day in the country.No new cargo trades were heard on the market but mills have already booked as many as 10 cargoes this week. It was not known if they would return to the market on the last day of the week for...Read More

Here are five Fastmarkets stories you might have missed on Thursday October 29 that are worth another look.Italian trade unions Uilm and Fiom-Cgil have called for steelworkers at ArcelorMittal Italia to go on strike on November 5 because they have not been given any clear...Read More

Now is not the time for Freeport-McMoRan to be thinking about mergers and acquisitions, the mining company's chief executive officer says.According to Richard Adkerson, the company - which is just over half-way through a mega-project to transform its giant Grasberg copper-gold mine in Indonesia from an open-pit to an underground operation - is on the verge of creating huge shareholder value."I jus...Read More