Cadence Minerals has started the shipment of iron ore from stockpiles at its joint venture Dev Minera????o's, in Brazil's northern Amap?? state, the company said on Monday March 29.The shipment, which is the first since the site was closed in 2015, is for 45,000 tonnes of iron ore that due to sail this week. Fastmarkets' index for iron ore 65% Fe Brazil-origin fines, cfr Qingdao was calculate...Read More

Despite everyone saying the bottom isin, and that gold and miners are set for takeoff, the signs still point south.The real question: how low can they go?Let’s take a look at some price targetsfor where the GDX and GDXJ mining ETFs might land up.With the miners attempting to reclaimPride Rock, it won’t be long until the GDX ETF is singing Hakuna Matata.Rising U.S. Treasury yields? No p...Read More

Peter Krauth, editor of Gold Resource Investor, examines the commodity supercycle and the role recency bias plays in investment decisions. Recency bias is a funny thing. It's human nature to expect the near future to look like the recent past.But we all know that's not how things always play out. And that can be costly, even dangerous, for investors.Take long term bonds, for example. Ten-year Trea...Read More

TheFed’s Open Markets Committee met last week and left policy unchanged – at leastfor the moment.Noone expected central banking officials to make rate adjustments last week withequity prices rubbing up against all-time highs and the economic recoverynarrative still dominant.Centralbankers are likely getting nervous, however. Treasury yields are surging, andit is only a matter of time b...Read More

Gold’s volatile little brother had aninteresting run thus far, with internet forums buoying its price. But willfundamentals prevail? Where is silver headed?“The Ides of March are come,” saidCaesar. “Aye Caesar; but not gone,” replied the soothsayer. The Ides of Marchquotation is often bandied about in financial articles midway through themonth. Caesar was assassinated...Read More

A year ago this past week marked the onset of the Covid-19 Pandemic. It also was the last full week of trading in the financial markets preceding crashes in all markets and a near-complete, albeit temporary, shutdown of economic activity.Subsequent rebounds in stocks, bonds and real estate took valuations to levels as high  or higher (much higher for stocks and gold) than before the turbulenc...Read More

Here are five Fastmarkets stories you might have missed on Tuesday March 30 that are worth another look....Read More

Sector expert Michael Ballanger considers how recent market moves have influenced investment in the precious metals markets. I had not intended to hit the keyboard today, having worked all week to prepare the Special Situations Report on my top-performing Norseman Silver Ltd. (NOC:TSX.V) (whose 65% year-to-date advance and 869% advance since the March 2020 lows has been a pleasant surprise), but F...Read More

Tight regional supply boosted aluminium premiums in Rotterdam and the United States to multi-year highs on Tuesday March 30, while the quarterly premium in Japan settled at its highest level for six years.Rotterdam duty-unpaid highest since April 2015US Midwest premium climbs to April 2018 levelMJP premium at six-year high.European shortage drives premiums higherA lack of aluminium flowing into Eu...Read More

The ECB accelerated its asset purchases, but unless the Fed follows suit, gold may continue its bearish trend.On Thursday (Mar. 11), the European Central Bankdecided to accelerate its asset buying under the Pandemic Emergency Purchase Program :Based on a joint assessment of financing conditions and the inflation outlook, the Governing Council expects purchases under the PEPP over the next quarter...Read More

Mexican ferrous scrap prices were little changed in the week ended Friday March 26, with most grades remaining at high levels and market participants waiting for the next developments in the United States' market. Most market participants indicated stability in prices last week while the market digests recent price increases that particularly affected the prime grades of scrap....Read More

It seems fitting that the year we are expecting to see an unprecedented rise in US government spending and money-printing to spur an economic recovery, marks the 50th anniversary of the end of the gold standard.Done at the time to fight an economic crisis, we are still feeling the effects of this disastrous decision, five decades on.In this article, we explain why President Nixon did what he did,...Read More

A summary of base metals premiums from across the globe for the week to Tuesday March 30.Please click...Read More

Now that stocks closed at new all time highs, thecorrection is officially over. And what little rest stock bulls could claimlast week, arrived on Friday. Yet, the bull is strong enough to defend the3,900 zone, and charge higher the same day. Who could be surprised, given the modern monetary theory ruling theeconomic landscape? The Fed amply accomodative, one $1.9T stimulus bill justin, and a $2T i...Read More

Here are five Fastmarkets stories you might have missed on Tuesday March 30 that are worth another look....Read More

Mainstream media and the large mining companies are finally catching on to what we at AOTH have been saying for the past two years: the copper market is heading for a severe supply shortage due to a perfect storm of under-exploration/ lack of discovery of new deposits, clashing with a huge increase in demand due to electrification and decarbonization.Dramatic price riseCopper is trading over $4.00...Read More

Many investors sense that the country, and the world, has drifted into uncharted territory.The last year has been extraordinary. There have been COVID lockdowns, a disputed presidential election, and multi-trillion-dollar federal deficits and bailouts. The Federal Reserve has injected more money into markets than ever before.This insanity showed up in the physical gold and silver markets.Bullion d...Read More

Since its peak in the spring of 2020, the U.S. dollar index has lost almost 12 percent, and it could decline even further, thus supporting gold prices.There is a weakness in the U.S. dollar. Let’s start off by taking a look at the chart below. As you can see, the broad trade-weighted dollar index has been declining recently. Since its peak in late March 2020, the greenback has lost almost 12...Read More

It’s all connected. The Eurozone’sunderperformance boosts the USD, thus placing pressure on gold and the ETFs.So, which ETFs will suffer most?A large part of yesterday’sfree version of the analysis focused on the Eurozone’s economicoutlook and how it affects the precious metals. We’ll eventually get to Europeagain later in today’s analysis, but let’s first...Read More

Dear Reader,You come to our website looking for market answers.Well, with the help of our friends at Elliott Wave International, we are happy to offer you a new, free opportunity to see what's likely next for cotton, soybeans and crude oil -- for the entire 2021. EWI is the world's largest independent market-forecasting firm. Every year, their Chief Commodity Analyst Jeffrey Kennedy records an in-...Read More