Grande Portage Resources encountered 2.71 meters of 52.34 g/t gold in a stepout hole at its Herbert asset. Grande Portage Resources Ltd. (GPG:TSX.V; GPTRF:OTCQB; GPB:FSE) announced in a news release the first results from the summer 2020 drill program at its Herbert gold project in southeast Alaska."This drill program reaffirms the emerging and ever-enlarging mesothermal vein system discovered at...Read More

GoldMining Inc. reported it has received approval for listing on the New York Stock Exchange's American exchange starting Tuesday, October 6. In a news release, GoldMining Inc. (GOLD:TSX; GLDLF:OTCQX), which has a portfolio of resource-stage gold and gold-copper projects in Brazil, Canada, Colombia, Peru and the U.S., announced that "its common shares have been approved for listing and trading on...Read More

Bob Moriarty of 321gold takes a look at results coming out of the company's drill program at its Newfoundland project. In the last month or so I have done half a dozen interviews. In each I said that the next couple of months easily could be the most significant in US history. With the news that the President and First Lady both test positive in the PCR Corona test (which doesn't test for Covid-1...Read More

Key data from the pricing sessions in Europe, Asia and the United States for the week ending Friday October 2. China Tight availability of spot materials continued to consolidate the stability of domestic prices, with producers taking a firm stance on the higher costs of raw materials - including silica ore and semi-coke.The low end of export prices climbed by...Read More

Biden asked Trump to shut up during the first presidential debate. But for us, the most important question is whether gold will finally go up.Thankfully, the first U.S Elections debate between Donald Trump and Joe Biden is behind us. Arguably, it was awful to watch and one of the worst presidential debates in history, as both candidates talked over each other and threw insults. Consequently, the d...Read More

The Fed Vice Chair says that the Fed will not even think about hiking interest rates until the inflation reaches 2 percent. Meanwhile, the price of gold decreases further. What is exactly happening in the gold market?Over the last week, several Fed officials spoke publicly with the purpose of convincing investors that their new policy strategy would be positive for the economy. Powell himself test...Read More

This second part of our research post on super-cycles and precious metals will present our expectations going forward for 6 to 24+ months.  In Part I of this research post, I linked a number of our previous research articles we recommended to readers to review for context and continuity. If you have not read Part I of this research article, please take a minute to review that first segment be...Read More

The UK will maintain a tariff rate quota on certain steel imports, similar to the one currently in place, once the country has finally left the European Union.A report from the office of the UK Secretary of State for International Trade said this week that a tariff rate quota will apply to 19 steel product categories, including hot-rolled, cold-rolled and galvanized coil; carbon and stainless...Read More

RESEARCH HIGHLIGHTS:Uncertainty and cycle events will likely lead to continued Gold and Silver price appreciation until the cycle events end (likely in 2024 or 2025).The gold/silver ratio chart shows very clear levels of support and resistance. With the next targets $2,000-$2,250, $3,200 then $5,500+.Extended basing may continue for the next 2 to 4+ months.I have received many comments and questio...Read More

Brazilian iron ore exports surged by 18.5% on the year in September, according to figures released by the country's economy ministry on Thursday October 1.Exports amounted to 37.86 million tonnes last month, compared with 31.94 million tonnes a year earlier.This is the first increase on a year-on-year...Read More

Gold, silver and the HUI Gold Bugs index are viewed here by their big picture monthly charts. In NFTRH we use mainly daily and weekly charts of these along with individual miners to better gauge the shorter-term pictures, which will advise on the end of the correction better than these more cumbersome monthlies that are great for keeping perspective amid the shorter-term noise.Our target for gold...Read More

Here are five Fastmarkets stories you might have missed on Thursday October 1 that are worth another look.The fast steel market recovery seen in Brazil in the past few months has led the country's steelmaker association, Instituto A??o Brasil, to revise its forecasts for 2020 up significantly from previous expectations set...Read More

The gold miners’ stockshave just been hammered, plunging to new correction lows.  That shattered their indexes’ 50-day movingaverages, pounding nails in the coffin of this sector’s recent highconsolidation.  This necessary correctionprobably isn’t over yet.  It is stillsmall and short compared to this bull market’s precedent, the gold stocks arenowhere...Read More

Precious metals markets got clobbered early this week as gold and silver broke down from their high-level consolidations. Strength in the U.S. Dollar Index seemed to be the catalyst that got the selling going.Once key technical levels got breached, the selling intensified.Gold prices fell below the $1,900 level on Wednesday. Meanwhile, silver plummeted below $24 an ounce and traded as low as $22 o...Read More

Export prices for Brazil-origin slab have widened upward as sellers have been probing the market and increasing offers amid higher flat steel prices and low supply.Fastmarkets' weekly assessment for steel slab export, fob main port Brazil was $480-500 per tonne on Friday October 2, widening upward by $10 from $480-490 per tonne a week earlier on September 25 and up by $40-50 per tonne from $440-45...Read More

China has been buying a lot of U.S. crude oil lately, perhaps in a belated attempt to fulfill some of the energy import quotas agreed with Washington last year or perhaps in a bid to take advantage of supercheap U.S. crude. But the buying spree is about to end.This month alone, China could import between 867,000 bpd, according to Reuters' Refinitiv data, and 900,000 bpd, according to oilfield serv...Read More

Hot-rolled coil prices in the United States have hit a year-to-date high, thanks mostly to tight supply, Fastmarkets understands. Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $30.99 per hundredweight ($619.80 per short ton) on Friday October 2, up by 1.3% from $30.59 per cwt on Thursday October 1 and 3.3% higher than $30 per cwt a week ago on September 25. US hot b...Read More

RESEARCH HIGHLIGHTS:Gold rebounded quickly and broke to higher prices after the COVID deep selling. Our Fibonacci support levels for Gold are resting near $1,885, $1,815 & $1,790.More downside pressure on price is possible, but if support is maintained at $1,885 then we could see a big upside recovery trend take Gold to $2,250.Just before the COVID-19 collapse in the markets hit near February...Read More

South American import prices for flat-rolled steel were mostly down in the week ended Friday October 2, with new offers from China being slightly lower before that country's Golden Week national holiday, amid reports of short-selling in the region.Fastmarkets assessed the price of steel hot-rolled coil, import, cfr main ports South America, at $540-565 per tonne on Friday, falling by $5 per tonne...Read More

Mining production? No. China’s consumer demand? No. The main drivers of gold prices are, as I’ve repeated many times, the U.S. dollar and real interest rates. You don’t believe it? You don’t have to – just look at the charts below. The first one displays the greenback and the dollar-denominated price of gold. Because other series start much later, I used here the Trad...Read More