Assays from Lion One Metals' hole TUDDH500 encountered two high-grade intervals. Lion One Metals Ltd. (LIO:TSX.V; LOMLF:OTCQX) announced in a news release that diamond drill hole TUDDH500 intersected high-grade feeder-style mineralization at its Tuvatu gold project on Fiji."Notably, textures of gold suggest rapid deposition from what was possibly a gold-saturated mineral-forming fluid," Dr. Quint...Read More
Given current market conditions, sector expert Michael Ballanger makes his argument for investment in junior gold developers such as Getchell Gold. Reading the hundreds upon hundreds of newsletter writers, bloggers, armchair analysts and professional money managers this past week skipping merrily down the road of self-aggrandizement, large meaty hands issuing congratulatory thumps squarely on the...Read More
Brazilian apparent steel consumption is set to fall by 14.4% in 2020 as first-half figures were largely affected by restrictions put in place to limit the spread of the Covid-19 pandemic, the national steelmakers' association, Instituto A??o Brasil, said on Monday July 27.Consumption is expected to total 17.96 million tonnes this year, compared with 20.98 million tonnes in 2019, the association st...Read More
The United States government has been threatening to reduce an existing quota for imports of semi-finished steel products from Brazil in 2020, national steel institute A??o Brasil said on Monday July 27.US representatives are considering the possibility of blocking the fourth quarter quota for semi-finished steel, which would prevent around 351,000 tonnes of Brazil-origin slab and billet from bein...Read More
The move we saw in Silver early this week to new 6-year high price levels, above $22.60, is quite likely the biggest upside move in Silver since the bottom in March 2020 – after the US stock market collapsed because of the COVID-19 virus event. This new rally in Silver is likely the move we’ve been suggesting to our followers relating to a series of measured upside price moves totaling...Read More
Daniel R. Amerman, CFAAs shown in the graph below, the first half of 2020 produced an unusual change in the relationship between gold prices, stock prices and recessions, something that has only happened twice before in the last fifty years. Each of the two previous times this has occurred after a long run up in stock prices, it has been part of a cyclical change to a cycle favoring gold over st...Read More
Mark O'Byrne, GoldCore? + Gold prices have surged through the all time record nominal high of $1,915/oz in 2011 to over $1,942/oz today due to concerns about the outlook for stocks, bonds and other assets amid a very vulnerable U.S. and global economy.? + Gold has surged to new record highs in all major currencies today including new record highs in British pounds at ?1,514/oz and in euros at EU...Read More
By: Gary SavageThis phase usually will last 5-10 days. Key USDX technicals:https://blog.smartmoneytrackerpremium.com/Read More
We tend to spend a lot of timelooking into the rearview mirror, especially when under duress.Connected to this is somethingpsychologists call "recency bias." This simply means that what hashappened in the near to intermediate past tends to inform and influence us asto how we should behave in the future.The 2011 to early 2019 precious metals bear saga was broken only by a six-month bullhi...Read More
Here are five Fastmarkets stories you might have missed on Monday July 27 that are worth another look.No spot trading was heard for imported rebar into Singapore in the week to July 27, due to high inventory levels and weak downstream demand, market sources told Fastmarkets.Will a call via social media...Read More
Brazilian apparent steel consumption is set to fall by 14.4% in 2020 as first-half figures were largely affected by restrictions put in place to limit the spread of the Covid-19 pandemic, the national steelmakers' association, Instituto A??o Brasil, said on Monday July 27.Consumption is expected to total 17.96 million tonnes this year, compared with 20.98 million tonnes in 2019, the association st...Read More
The United States government has been threatening to reduce an existing quota for imports of semi-finished steel products from Brazil in 2020, national steel institute A??o Brasil said on Monday July 27.US representatives are considering the possibility of blocking the fourth quarter quota for semi-finished steel, which would prevent around 351,000 tonnes of Brazil-origin slab and billet from bein...Read More
Offer prices for exports of steel rebar and wire rod from the CIS region trended upward in the second half of July, with mills citing increased scrap costs and long steel prices in Turkey, but trading activity was limited amid thin demand in the majority of markets.Rebar offers from the CIS region were heard at $430 per tonne fob Black Sea in the week ended Friday July 24, against $410 per tonne f...Read More
Here are five Fastmarkets stories you might have missed on Monday July 27 that are worth another look.No spot trading was heard for imported rebar into Singapore in the week to July 27, due to high inventory levels and weak downstream demand, market sources told Fastmarkets.Will a call via social media...Read More
Mark O'Byrne, GoldCore? + Gold prices have surged through the all time record nominal high of $1,915/oz in 2011 to over $1,942/oz today due to concerns about the outlook for stocks, bonds and other assets amid a very vulnerable U.S. and global economy.? + Gold has surged to new record highs in all major currencies today including new record highs in British pounds at ?1,514/oz and in euros at EU...Read More
By: Gary SavageThis phase usually will last 5-10 days. Key USDX technicals:https://blog.smartmoneytrackerpremium.com/Read More
By: Robert LambourneThe gold swaps and derivatives position of the Bank for International Settlements, which reached a three-year high in May, fell slightly in June, according to the bank's statement of accounts for the month:https://www.bis.org/banking/balsheet/statofacc200630.pdfThe BIS, which acts as a broker for many central banks, is estimated to have reduced its position in gold swaps and...Read More
Rambus/PlungerDuring the bull market years between 2000 and 2011 the US dollar and currencies played a key role in the PM complex bull market. Tonight I would like to go back and visit some of these old charts and see how they pertain to our current bull market.Lets start with a simple GOLD:USD ratio chart that goes back to the 2011 all time high in gold. The bottom for the ratio came in toward...Read More
If Trump wins in November, it is foreseeable that his many enemies will ratchet up their hatred for him to even more destructive extremes. A bloody civil war would become likely, escalating an already violent cultural battle to a new threshold. How this might impact our schools, workplaces and neighborhoods is unpredictable even if the tactical outcome is not. The red states, wide-open spaces wh...Read More
The gold price made a new all-time nominal high today at $1,945 per ounce. This move should not come as a surprise to anyone paying attention to the current financial landscape. The FED has injected an unprecedented amount of new money/debt into the economy since March in efforts to avoid a collapse from the impact of the Covid-19 virus and subsequent restrictions of business activity globally. Ov...Read More