Here are five Fastmarkets stories you might have missed on Tuesday July 28 that are worth another look.Brazilian long steel producers have announced an 8% domestic rebar price increase for September after having already raised their prices by around 10% in July, sources told Fastmarkets this week.After successfully taking advantage of...Read More

Share this articleMajor Positive Possibilities for Mining IndustryRENO, Nevada, July 28 2020 - Itronics Inc. (OTC:ITRO), an emerging "Cleantech Materials" growth Company that produces GOLD'n GRO Multi-Nutrient Fertilizers and Silver, updates its proprietary Rock Kleen Silver/Gold Tailings Processing Technology development which was described in detail in a press release dated April 2, 2020.Itronic...Read More

Gold and silver are running. Overnight gold hit $1,974 an ounce, and silver hit a high of $26.27 an ounce. Silver hit a low of $11.76 on March 15 before going on an epic 123% run over the next four months. This morning the precious metal duo has pulled back to $1,922 and $23.75, respectively.Here are five reasons to buy the dip: Yesterday, the U.S. Mint said it has reduced gold and silver coin s...Read More

A long-delayed Alaskan mine that could be one of the biggest copper and gold producers in the United States has gained final environmental approval. The US Army Corps of Engineers (USACE) concluded on Friday July 24 that the mine on state land in the Bristol Bay Region of southwest Alaska poses no environmental threat. It will be at least six or seven years before mining of the 7.5 billion tonne c...Read More

Resource nationalism is one of the key risks miners will face in the increasingly volatile macroeconomic environment worsened by the Covid-19 pandemic, global law firm White & Case told Fastmarkets this week. This is due to the stretched national budgets that governments are facing after supporting their economies through monetary and fiscal policies amid the Covid-19 outbreak, as well as increase...Read More

Benchmark prices for cobalt metal nudged higher on Tuesday July 28 on increased buying interest, higher bids and positive cues from the hydroxide market.Fastmarkets' price assessment of cobalt standard grade, in-whs Rotterdam was $13.75-14.15 per lb on Tuesday, up 10 cents on the high end from $13.75-14.05 per lb, where it had held since July 15. Cobalt alloy grade, in-whs Rotterdam was assessed a...Read More

China's imports of cobalt intermediates rose in June compared with the prior month, but the increase was smaller than had been expected despite the easing of lockdown restrictions in South Africa since the beginning of May, market sources told Fastmarkets. China imported a total of 15,206 tonnes of cobalt intermediates in June, an increase of 24.8% from 12,187 tonnes in May, according to Chinese c...Read More

Domestic prices for hot-rolled coil in Northern Europe remained stable day on day on Tuesday July 28 due to the seasonal slowdown in demand, sources told Fastmarkets.Fastmarkets' daily steel hot-rolled coil index, domestic, exw Northern Europe was calculated at ?,?410.00 ($480.82) per tonne on Tuesday July 28, up by ?,?0.34 per tonne from ?,?409.66 per tonne on Monday.Tuesday's index...Read More

The export market for flat steel products from the Commonwealth of Independent States went up during the week to Monday July 27 because Russian suppliers continued to focus on their domestic market, while Ukrainian producers concentrated on steel slab sales.Fastmarkets' weekly price assessment for steel hot-rolled coil, export, fob Black Sea, CIS, was $405-420 per tonne on Monday, up by $5 per ton...Read More

Flat steel import prices in the United Arab Emirates and Saudi Arabia were mostly stable this week, with demand only weak, sources told Fastmarkets on Tuesday July 28.Demand was subdued because of the upcoming Eid Al-Adha religious holiday at the end of this week, which in turn kept prices steady.UAEOffer prices for hot-rolled coil (HRC) from India and China were heard in the UAE at $490 per tonne...Read More

Here are five Fastmarkets stories you might have missed on Tuesday July 28 that are worth another look.Brazilian long steel producers have announced an 8% domestic rebar price increase for September after having already raised their prices by around 10% in July, sources told Fastmarkets this week.After successfully taking advantage of...Read More

Domestic prices for steel rebar in Russia's Central Federal District around Moscow went up Monday July 27 when a shortage appeared in the market because operations at Novolipetsk Steel's Urals mill were stopped by a flood.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), domestic, cpt Moscow, Russia, was 35,000 roubles ($488) per tonne on July 27, including 20% VAT, narrowing...Read More

The U.S. Mint made an unusual request last week. In a press release dated July 23, the bureau literally begged Americans to start putting coins back into circulation by spending or depositing them.As you may have noticed, people just aren't making transactions with coinage like they used to. That's especially the case now in the age of the coronavirus. With many people sheltering-in-place, bil...Read More

Dear Friend of GATA and Gold:Thanks to Stephen Gandel at CBS News' Moneywatch bureau for inadvertently illustrating today the greatest power of governments and central banks in the financial markets.Gandel's commentary is headlined: "Gold Prices Hit All-Time High, and It's a Bit of a Mystery Why."Gandel writes: "Gold is usually seen as a safe haven when stocks are falling or when inflation is ri...Read More

Stewart Thomson, Graceland Updates1. Gold has arrived at significant resistance in the $1900-$2000 zone. Investors need a solid plan of action to deal with the intense volatility that is currently enveloping the market.2. Please click here now. Double-click to enlarge this December futures gold chart.3. In 2011, a key futures contract traded at about $2000. That...Read More

If some Congress members get their way, the Federal Reserve may soon be able to track many of your purchases in real time and share that information with government agencies. This is just one of the problems with the proposed "digital dollar" or "fedcoin."Fedcoin was initially included in the first coronavirus spending bill. While the proposal was dropped from the final version of the bill, ther...Read More

Pentti Pikkarainen, Former Bank of Finland Head of Department wrote his thoughts on monetary arrangements and gold.I have worked as an economist in several positions at a central bank, ministry of finance and universities. Monetary arrangements have always been on my focus either as a policy practitioner or as a researcher.While working at the Bank of Finland some of my colleagues called me a mo...Read More

VANCOUVER, British Columbia, July 28, 2020 (GLOBE NEWSWIRE) - Calibre Mining Corp. ("Calibre" or the "Company") (TSX: CXB; OTCQX: CXBMF) is pleased to announce that the Company has been granted the key environmental permit for the development and production of Pavon Norte from the Ministry of the Environment and Natural Resources in Nicaragua.Russell Ball, Chief Executive Officer of Calibre st...Read More

By Avi GilburtFor many years, I have noted to the members of Elliottwavetrader that I have not been a fan of banks. In fact, they are on my list of stocks that I intend on shorting once we move towards the 2023 time frame.But, while many are focused upon the upside potential in various banks in the coming 2-3 years, I have been quite concerned about the goals of many of these banks, based upon s...Read More

By: Ira EpsteinGold is in a historic moment. This market has not have had a lower-low day in this breakout, not allowing people in. SIXTH-day in a row over the Bollinger band now:Read More