Gold and silver broke above important technical levels on Thursday and added to gains early Friday morning. Continue...Read More

Rebar prices in eastern China increased on Friday November 6, supported by strong demand and futures gains, to end the week 140 yuan per tonne higher than the previous Friday.DomesticEastern China (Shanghai): 3,890-3,920 yuan ($587-592) per tonne, up by 20 yuan per tonneNorthern China (Beijing) weekly assessment: 3,760-3,790 yuan per tonne, up by 110-120 yuan per tonneContractors in eastern and so...Read More

The investment case for Nomad Royalty Company is made in a Velocity Trade Capital report. In a July 7 report, analyst Michael Siperco reported that Velocity Trade Capital initiated coverage on a new royalty entrant, Nomad Royalty Company Ltd. (NSR:TSX; NSRXF:OTCQX), with an Outperform rating and a CA$2.25 target price. In comparison, Nomad is trading at about CA$1.41 per share. "Nomad offers a pu...Read More

The currency markets have just announcedwhat is coming for silver. This was explained in my previousarticle.The USD/ZAR ratio has now broken down. Thissets silver up to finish the year with a very strong rally: Although silver has been strong since thepeak of the USD/ZAR ratio in April, this breakdown means that we are likely tosee an acceleration in price increases.This breakdown also means that...Read More

Automakers in Brazil expect that ongoing negotiations for annual price contracts with steel producers will be "tough on both sides," according to Luiz Carlos Moraes, president of national auto association Anfavea.Cost increases are one of the main challenges the sector faces in its gradual recovery from Covid-19-related lows, the association said on Friday November 6.Steel prices for automakers ar...Read More

Some container shipping lines are refusing to give rates for December shipments of scrap metal into South Asia and are even cancelling some existing orders, sources told Fastmarkets on Friday November 6.Four steel scrap traders that speak to Fastmarkets said they have either been unable to get December shipment quotations from their freight forwarders or are aware of others facing a similar situat...Read More

Finished steel inventories at member mills of the China Iron & Steel Association (Cisa) fell by 11.26% in late October from the middle of the month, according to data released on Wednesday November 4.October 21-31 outputCrude steel: 2.16 million tonnes per day, down 0.77%Finished steel: 2.14 million tpd, up...Read More

The three-month prices of most base metals on the London Metal Exchange gained on Friday November 6, with the exception of nickel and lead futures.The LME copper and zinc futures rose by more than 1%, with the red metal closing above the $6,900 per tonne psychological mark.The LME three-month copper price increased by 1.2% to...Read More

Activity in the export market for pig iron from the Commonwealth of Independent States (CIS) was low during the week to Thursday November 5 on tight availability, with suppliers reported to be almost sold out for 2020 and demand coming only from China.Fastmarkets' weekly price assessment for high-manganese pig iron, export, fob main port Black Sea, CIS, was $355-360 per tonne on November 5, unchan...Read More

The key global scrap markets surged upward in the week to Friday November 6, as a result of strong purchasing activity, with Turkey continuing to buy a large volume of cargoes for a third week.Turkey books more material on positive long-steel export salesUS reports bookings from East and West CoastsGood demand boosts Taiwan scrap pricesVietnam moves up despite quiet marketIndian prices jump on tig...Read More

The price of shredded steel scrap imported into India and Pakistan moved up on Friday November 6 as a result of tight material supply, sources have told Fastmarkets.Fastmarkets calculated the steel scrap, shredded, index, import, cfr Nhava Sheva, India, at $330.32 per tonne on Friday, up from $321.21 per tonne one week earlier.A deal for shredded material was heard at $325-326 per tonne cfr, and a...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

By the end ofnext year, Australia is expected to become the #1 country in goldproduction, knocking China from the pedestal during today’s gold bull market.It’s been home to some of the biggest gold bonanzas in the world,like the Mount Morgan mine which has produced over 8 million ounces of gold to date.But while all eyes have been on Western Australia over the pastseveral years, a team...Read More

The gold miners’ stocksare still correcting, continuing to rebalance both technicals and sentiment.  This sector’s huge surge into early August spawnedextreme overboughtness and universal euphoria, which are gradually being bledaway.  This same necessary and healthy correctiveprocess is underway in gold itself, which overwhelmingly drives gold-stockprice levels.  This is...Read More

It is the the massive debt. It cannot beserviced. It will collapse the whole system.The gold, silver and cryptocurrencies chartsare showing signs of going parabolic. The US dollar is close to confirming a massive breakdown.Gold, silver and cryptocurrencies allprovide “crisis value” by simply being an acceptable debt-based fiatalternative. It is only later in this crisis that we will se...Read More

David Smith - Even in the competitivehunting/shooting community, few enthusiasts know about an arcane rifle known asa "double trigger shotgun." Essentially, it's a double-barrel shotgunhaving a trigger for each barrel.This was an early day'sdesign with the triggers located inside the trigger guard, back to front. Itwas possible to press both triggers at once, causing a double discharge,...Read More

The biggest banks in the world areeyeing gold prices of around $3,000 in just over a year.  Former Citigroup billionaireThomas Kaplan predicts $5,000gold . And even without those predictions, the gold rush is on … Miners are stampeding this single gold rush territory …That’s already produced over 40 million ounces of gold … And still has an estimated 68 million+ oun...Read More

Whether you’re buying a brand new BMW or a second hand Range Rover, it’s necessary to secure clear title so you can sell or trade the vehicle in the future. If you purchase a home in The Hamptons or in the Vancouver suburbs, the title or warranty deed should ensure the property is unencumbered by a mortgage or tax lien. When acquiring gold, silver or platinum, you need documentation to...Read More

The three-month prices of most base metals on the London Metal Exchange gained on Friday November 6, with the exception of nickel and lead futures.The LME copper and zinc futures rose by more than 1%, with the red metal closing above the $6,900 per tonne psychological mark.The LME three-month copper price increased by 1.2% to...Read More

The seaborne premium hard coking coal cfr price rose on Friday November 6 due to the premium paid for high quality materials from countries such as Canada while premium mid-volatility hard coking coal was transacted in the fob market, sources said.Fastmarkets indicesPremium hard coking coal, fob DBCT: $107.45 per tonne, up $1.20 per tonne Premium hard coking coal, cfr Jingtang: $143.93 per tonne,...Read More