Nearly half of the population is still out of work illustrating just how far the U.S. labor market has to heal in the wake of the coronavirus. Continue...Read More

Just a day after the counterfeit China gold bar story hit the market, precious metals are bid this morning with Continue...Read More

Over the years, we have periodically reported of the occasional gold bar discovered as counterfeit in Manhattan's Diamond District Continue...Read More

Recent drill results and project model changes, leading to an increased target price on Troilus Gold, are outlined in a Canaccord Genuity report. In an April 24 research note, analyst Tom Gallo reported that after updating its gold price forecast, Canaccord Genuity increased its target price on Troilus Gold Corp. (TLG:TSX; CHXMF:OTCQB) to CA$1.70 per share from CA$1.20. Troilus stock is now price...Read More

Defense Metals' resource update encompasses 49% more tonnage than the initial report. Defense Metals Corp. (DEFN:TSX.V; DFMTF:OTCQB; 35D:FSE) announced in a news release it filed the technical report for an updated mineral resource on its Wicheeda rare earth elements (REEs) project in British Columbia.Now, the resource consists of 4,890,000 tons (4.89 Mt) averaging 3.02% light rare earth oxide (L...Read More

Bob Moriarty of 321gold discusses the latest developments in Japan with this company. In February when I was writing about Irving Resources Inc. (IRV:CSE; IRVRF:OTCBB) I put in some pictures of rocks from Irving that Quinton sent me. I polished them and had a jeweler friend make buckles out of them.I did the polishing. Maurice put up the gold. I am way too cheap to be buying gold buckles for him....Read More

Here are five Fastmarkets stories you might have missed on Tuesday June 30 that are worth another look.The definitive decision in the European steel safeguard case review failed to adjust the level of quotas to collapsed demand following Covid-19 crisis and is a "deep disappointment," European steel association Eurofer and European trade union IndustriAll said in a joint statement on June 30.Chine...Read More

The latest forecasts from Fastmarkets' team of analysts are ready to view.In previous reports, we noted that upside risks to our forecasts existed. These were based on Chinese steel production, and in turn alloy consumption, outperforming our expectations.Chinese crude steel production is rising each month in a year-on-year comparison, prompting our revised view that Chinese alloy consumption will...Read More

The European spot ferro-silicon price resumed its downturn last week, falling to a level last seen in March 2016 with consumers in the steel sector dragging down the cost of feedstock against a slump in end-user consumption. Confirmed deals in Europe included a 400-tonne sale reportedly done at ?,?870 ($978) per tonne delivered, with another 75 tonnes sold at ?,?910-920 per tonne. Another deal for...Read More

Here are five Fastmarkets stories you might have missed on Tuesday June 30 that are worth another look.The definitive decision in the European steel safeguard case review failed to adjust the level of quotas to collapsed demand following Covid-19 crisis and is a "deep disappointment," European steel association Eurofer and European trade union IndustriAll said in a joint statement on June 30.Chine...Read More

Stewart Thomson, Graceland Updates 1. Investors ignore cycles... at their peril. When I calmly suggested that a key virus cycle year of 2020 would see a "carpet bombing" of markets, most investors were not listening to the cyclical message of the markets.2. Sadly, they were wasting time watching the government try to rebuild the American empire with Fed photocopiers, FATCA...Read More

Jordan Roy-Byrne CMT, MFTA Gold has broken out from a two-month-long consolidation (from $1680 to $1770), but the other precious metals markets have not confirmed Gold's strength.The gold stocks (GDX, GDXJ) remain below their May highs while Silver remains below significant, multi-year resistance around $18.75. Silver closed Monday at $18.06.Furthermore, Gold, when priced against foreign currenc...Read More

By: Ira EpsteinGold at a battle area and here are the key levels to watch:Read More

New gold investors or for a new long position in gold, one should wait till tomorrow. It is better to buy or go long if gold trades over $1800. I am repeating my trading ideology "It is better to wait and trade" THAN "trade and wait". Buy just before a technical breakout with a trailing stop loss or sell just before a technical breakdown with trailing stop losses. Never worry if you made an inve...Read More

IMF predicts deeper global recession and slower recovery, just as Iexpected. Good news for gold. The June edition of the IMF’s WorldEconomic Outlook Report Update is out! The main message is that theIMF predicts now even a deeper recession than two months ago.As a reminder, in April edition of the WorldEconomic Outlook Report, theIMF projected that the global economy would contract sharply b...Read More

The latest forecasts from Fastmarkets' team of analysts are ready to view.US ERW under pressure through 2021 Electric-resistance welded oil country tubular goods prices are not expected to rebound in the United States this year while demand continues to fall. Only modest price gains are expected in the first half of next year, until inventories are brought in line with demand. We expect an an...Read More

Silver is still near all-time lows in manyways. One of the most significant measures wherein silver is at an all-timelow, is its price relative to the amount of US dollars (US monetary base) inexistence.Below, is a long-term chart of the silverprice relative to the US monetary base: As you can see it is at all-time lows(0.004), but actually even lower, since this chart was done before the massivea...Read More

The European Commission (EC) has toughened the existing safeguard measures on imports of steel products in the second review of the matter, it said on Tuesday June 30.The reviewed measures will come into force from July 1, 2020, and will remain in place for one year.The EC introduced two general adjustments to the quota system, intended to guarantee an orderly return to the market of all suppliers...Read More

Demand for physical delivery through the COMEX futures market continues, and this has significant implications for the future of the current fractional reserve and digital derivative pricing scheme.It's now mid-summer and the July COMEX contracts have moved into their delivery phase. The numbers are as amazing as they are historic, thus this updated summary is necessary today.Back in late March,...Read More

Dave KranzlerThe precious metals sector - gold, silver and mining stocks - is in the early stages of a rabid bull market. The mainstream media has been dead silent on the performance of the precious metals, which is not a surprise to those of us who have been involved in the sector since 2001, when gold bottomed at $250, silver was around $4 and the HUI index was at 45.Since September 2018, go...Read More