Year-on-year diamond prices for March were up 3.9 per cent, the biggest increase for over two years. They have been climbing constantly since the low point of April 2020 when they were 4.8 per cent down. The March increase was more than double the February rise of 1.9 per cent.Month-on-month prices recovered slightly, up by 0.2 per cent in March, after a slight drop in February. It follows January...Read More

Hot-rolled coil prices in the United States fell slightly on Monday April 5 amid thin trading because of the Easter holiday lull, but market participants remain bullish on prices.Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $66.65 per hundredweight ($1,333 per short ton) on April 5, down by 0.12% from $66.73 per cwt on Thursday April 1 but up by 0.73% fro...Read More

Prices for Turkish flat steel products increased in March, supported by very strong demand in local and export markets, Fastmarkets heard on Monday April 5.The country's hot-rolled and cold-rolled coil producers are fully booked until late July, and HRC prices will soon touch $1,000 per tonne, sources believe.Price increases were a result of strong global demand and growing finished steel prices.F...Read More

Prices for rebar imports into Singapore have risen following an increase in ferrous scrap prices in the week to Monday April 5.Rebounding ferrous scrap prices in key import market Turkey have caused sentiment to improve among Turkish mills, which have been actively seeking materials to feed downstream long steel demand from Asia.Prices have reached as high as $430 per tonne cfr Turkey for United S...Read More

Import prices for hot-rolled coil in Asia could exceed $1,000 per tonne in the coming months, key market sources in the region told Fastmarkets."Given the rate at which prices are increasing, I won't be surprised if prices exceed or rise close to $1,000 per tonne in the remaining months of the second quarter," a flat steel trader in Southeast Asia told Fastmarkets.East Asian cargoes could be the f...Read More

Seaborne coking coal prices were largely steady on Monday April 5 amid an absence of buyers in China due to the country observing a public holiday for the annual Tomb-Sweeping Day.Fastmarkets indicesPremium hard coking coal, fob DBCT: $115.04 per tonne, up $0.36 per tonnePremium hard coking coal, cfr Jingtang: $214.21 per tonne,...Read More

Prices for seaborne iron ore pellets and concentrate rose in the week ended Thursday April 1 amid ongoing steelmaking restrictions to cut emissions in China's Tangshan region, sources said.Fastmarkets iron ore indices66% Fe concentrate, cfr Qingdao: $197.90 per tonne, up $9.77 per tonne.65% Fe blast furnace pellet, cfr Qingdao: $221.84 per tonne, up $1.00 per tonne Key driversThe steelmaking restr...Read More

Fastmarkets opened a consultation on January 29, 2020, inviting feedback on its iron ore index methodologies in line with our annual methodology review process.The consultation was extended for a further month from March 3.The consultation sought to ensure that the specifications and methodology for our iron ore pricing continue to reflect the physical market. This includes all elements of our pri...Read More

EAFE iShares (EFA) moved above $77.17 to an all-time high extending an intermediate uptrend. NextEnergy (NEE), an S&P 100 stock moved above $76.34 completing a double bottom pattern. Alphabet moved to an all-time high extending an intermediate uptrend. GOOG moved above $2,152.68 and GOOGL moved above $2145.14NXP Semiconductor (NXPI), a NASDAQ 100 stock moved above $76.34 to an all-time high ex...Read More

Fastmarkets is proposing amendments to the specifications of its index for iron ore 65% Fe blast furnace pellet, cfr Qingdao, $/tonne (MBIOI-PT).Following feedback received under its open consultation on iron ore index methodologies, Fastmarkets is proposing a widening of the maximum ranges for two impurity components in its index for iron ore 65% Fe blast furnace pellet, cfr Qingdao, $/tonne (MBI...Read More

With so much news about an economic reopening, a border crisis, massive government spending and exploding deficits, it's easy to overlook the ongoing war on cash.That's a mistake because it has serious implications not only for your money, but for your privacy and personal freedom, as you'll see today.Cash prevents central banks from imposing negative interest rates because if they did, people wou...Read More

Mr. Biden is an old man in a hurry…There he is... atop his galloping steed, whip in his hand, glory in his eyes - and history on his mind. Axios:President Biden recently held an undisclosed East Room session with historians that included discussion of how big is too big - and how fast is too fast - to jam through once-in-a-lifetime historic changes to America.All assembled agreed. Too big is...Read More

If we misdiagnose the disease, our treatment won’t work. We’re all familiar with medical misdiagnoses, which lead to procedures and prescriptions that can’t possibly fix the patient’s illness because the source has been missed or misinterpreted.Medical diagnoses are often tricky, as many general symptoms can arise from a variety of sources.Social and economic ills can also...Read More

MMT is the most potentially damaging economic doctrine I have ever encountered, with the exception of communism.Let's begin with the idea that the Fed and Treasury should be merged in practice so that the Fed will monetize any amount of spending or borrowing the Treasury wants.The reason markets have any confidence at all in the Fed is precisely because they are perceived as independent of congres...Read More

If you have not yet heard of Modern Monetary Theory (MMT), you will soon. If you've heard of it but don't know what it means, join the club. There are only a handful of experts who really understand MMT.Those who do understand it fall into two camps - the true believers, who see MMT as the answer to practically every social policy issue facing the U.S. today and the skeptics, who view MMT as intel...Read More

ELKO, Nev., April 5, 2021 /PRNewswire/ -- U.S. Gold Corp. (NASDAQ: USAU) (the "Company"), a gold exploration and development company, is pleased to announce that it will hold electronic investor update webinars throughout April hosted by CEORoadshow. Mr. Edward Karr will update attendees and USAU shareholders on the Company and will be available for questions after an initial presentation.Mr....Read More

The recent grounding in the Suez Canal of the Ever Given, a 20,000 TEU container ship, has highlighted the fragility of global oil supply and need for more resilient supply chains as well as alternative energy sources. The good news is that a shift is already underway and investors are betting on it. By this, I mean decarbonization and how 2021 is going to be a pivotal year despite the pandemicThe...Read More

Assay results from 2020 drilling at the Colomac deposit and Treasure Island zone at Nighthawk Gold's (TSX: NHK; US-OTC: MIMZF) Indin Lake gold property in the Northwest Territories suggest potential for higher-grade zones and additional gold mineralization at depth. The latest results included assays for 10 holes completed at Colomac and three intercepts from Treasure Island, 10 km north of Coloma...Read More

QC Copper and Gold (TSXV: QCCU; US-OTC: QCCUF) has signed a definitive agreement with Pasofino Gold (TSXV: VEIN; US-OTC: EFRGF) to add a 50% share of the Roger copper-gold project in Quebec's Chibougamau district to its portfolio of copper-gold holdings in the region.In exchange for this acquisition, QC will need to pay $1 million and issue 5.5 million of its shares to the vendor. Based on its las...Read More

The French Supreme Court, the Cour de Cassation, overturned a decision by the Paris Court of Appeal which had annulled part of the damages portion of the arbitral award granted to Rusoro Mining (TSX-: RML) in its decade-long dispute with Venezuela.In 2016, the International Center for the Settlement of Investment Disputes granted the Canadian miner a US$966.5 million award, following the expropria...Read More