The GDX and HUI Index are enjoying ablissful moment. With HUI behaving civilly, will the GDX cling to theunrealistic and try to leap to cloud “ten”?With the GDX ETF punching a hole throughits glass ceiling, the seniorminers are now witnessing an environment that’s beyond their wildestdreams: sunshine, clear skies and a utopia that’s eluded them since thebeginning of the New...Read More

China's new tax regime for ferrous raw materials and steel exports will kick off a new era for the steel sector, one in which demand and supply will become more balanced and the country cuts its dependency on iron ore at a faster pace. Chinese authorities announced last week that, from May 1, import duties for metallics and semi-finished steel would be removed and that export duties for raw materi...Read More

This second part of our research article related to the new Bullish price phase in Precious Metals and Miners will continue to explore the potential range and targets for higher price trends.In the first part of this article, I discussed how precious metals have started moving higher in somewhat of a stealth mode – not really drawing a lot of attention from traders.  While other commodi...Read More

Almost in stealth mode, precious metals have begun to bottom and start a new upside price trend while the US stock market focused on the FOMC meeting a few weeks back and current economic data.  Gold, Silver, and many of the Miner ETFs recently started a moderately strong push higher – almost completely behind the scenes of the hype in the markets regarding IPOs and Bitcoin’s new...Read More

Gold had a good day yesterday, but asit hits the $1,770 resistance line, it will be anything but easy for the yellowmetal. The real test has begun.And so, it happened. Gold moved right toits target level that seemed to be the max that it could reach, but that didn’tseem to be the most likely outcome. Just because it wasn’t the most likelyoutcome, doesn’t make it impossible. The &...Read More

The recent rally in the bond yields pushed gold prices down, but this trend won’t continue forever, as the Fed will likely be forced to step in.In March, we saw a continuation of the rally in bond yields that started in February. As the chart below shows, the 10-year real interest rates have soared from -1.06 on February 10 to -0.66 percent on March 23. What is clear from the chart is the st...Read More

Feel like a victim knowing you are participating in a manipulated market, or jump for joy knowing this provides an edge. The choice is yours...by Korbinian Koller via Midas Touch ConsultingYou can feel like a victim knowing you are participating in a manipulated market, or you can jump of joy knowing this provides an edge for you. The choice is yours. Blaming trading losses on outside circumstance...Read More

The latest forecasts from Fastmarkets' team of analysts are ready to view.This month's key North American steel forecast highlights:Unprecedentedly high flat steel product pricing in the United States was forecast to persist through the current quarter and well into the second half of 2021.Actual US hot-rolled coil prices in April slightly outpaced our forecasts, with Fastmarkets' US HRC index ave...Read More

The S&P 500 red candle and then some – erased in aday, that‘s what you get with the Fed always having your back. The staircaseclimb certainly looks like continuing without any real breather. Whatever steepascent you compare it to (Jun or early Sep 2020), this one is different in thatit doesn‘t offer but token corrections. Not that it would be reasonable toexpect a steep downs...Read More

The latest forecasts from Fastmarkets' team of analysts are ready to view.The upward momentum in United States' flat product prices is yet to show any signs of slowing, with US HRC prices hitting new record highs during April. Steel supply is forecast to remain short of demand due to no improvement in underlying supply and demand fundamentals, which is propelling US flat product prices higher...Read More

The latest forecasts from Fastmarkets' team of analysts is ready to view.Stainless steel prices and margins for stainless steel producers have risen notably over the past few months in both Europe and the United States, but there are now signs that the rally is petering out.A clear reason for the halt to rising prices comes from the near 20% drop in nickel prices seen in late February/early March,...Read More

Spread the lovePRIVATE BLOG - Basel III & MetalsPrivate blog posts are exclusively available to Socrates subscribers. To sign-up for Socrates or to learn more, please visit Ask-Socrates.com.https://ask-socrates.com/Read More

/PRNewswire/ - Equinox Gold Corp. (TSX: EQX) (NYSE American: EQX) (Read full newsRead More

An Investor's Digest survey of securities analysts' opinions on more than 1,000 Canadian companies found these two resource stocks in the "Top 10" list of "Time to Buy".Endeavour Mining Corp. (TSX-EDV)From a survey ranking over 1,000 Canadian stocks, here's a mining stock and an oil and gas stock that made the "Top 10 To Buy" list.Gold mining stock Endeavour reported its fourth-quarter 2020 financ...Read More

Here are five Fastmarkets stories you might have missed on Friday May 14 that are worth another look.Some Chinese ports have made stricter checks or have imposed extra fees on iron ore cargoes from India recently, the better to prevent the spread of the Covid-19 pandemic, market sources have told Fastmarkets.Africa-origin copper shipments were facing delays as long...Read More

"There is a basket of good news," said Grant Isaac, senior vice president and chief financial officer with Canadian producer Cameco.Read More

Here are five Fastmarkets stories you might have missed on Friday May 14 that are worth another look.Some Chinese ports have made stricter checks or have imposed extra fees on iron ore cargoes from India recently, the better to prevent the spread of the Covid-19 pandemic, market sources have told Fastmarkets.Africa-origin copper shipments were facing delays as long...Read More

Here are five Fastmarkets stories you might have missed on Friday May 14 that are worth another look.Some Chinese ports have made stricter checks or have imposed extra fees on iron ore cargoes from India recently, the better to prevent the spread of the Covid-19 pandemic, market sources have told Fastmarkets.Africa-origin copper shipments were facing delays as long...Read More

Here are five Fastmarkets stories you might have missed on Friday May 14 that are worth another look.Some Chinese ports have made stricter checks or have imposed extra fees on iron ore cargoes from India recently, the better to prevent the spread of the Covid-19 pandemic, market sources have told Fastmarkets.Africa-origin copper shipments were facing delays as long...Read More

Karl Denninger is an American technology businessman, finance blogger, and political activist, sometimes referred to as a founding member of the Tea Party movement. His website is The Market Ticker. Read More