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

Aluminium premiums in Europe and Brazil moved higher during the week to Tuesday July 28 amid cautiously bullish sentiment, while other areas remained stable.Premiums rise across EuropeDemand revival pushes Brazilian premium higherStable market conditions in United StatesChina static but bullishSouth Korea premiums up, while MJP is stable Contango pushes Rotterdam premiums higherAluminium premiums...Read More

A summary of base metals premiums from across the globe for the week to Tuesday July 28.Read More

Ferrous scrap prices in Mexico were steady for the week ended Friday July 24, with the market stabilizing after nearly a month of price reductions.Fastmarkets' assessment of the steel scrap No1 busheling, consumer buying price, delivered mill Monterrey was at 5,700 pesos ($258) per tonne on July 28, and the consumer buying price for steel scrap No1 heavy melt, delivered mill Mo...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

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

Just when you thought it might be impossible to see another new record in silver demand, wait until you see what this week's silver ETF trust data showed!by Chris Marcus of Arcadia EconomicsJust when you thought it might be impossible to see another new record in terms of silver demand, wait until you see what this week's silver ETF trust data showed.Where a record amount of silver was allegedly d...Read More

LME three-month base metals prices failed to make significant gains at the close on Tuesday July 28, stalling ahead of tomorrow's clarification on US fiscal stimulus measures.The US Federal Reserve announced today that it had extended its existing lending facilities, from September 30 to December 31, to combat the economic fallout of the Covid-19 pandemic.But the market still remain...Read More

After successfully taking advantage of the open arbitrage between London Metal Exchange and the Shanghai Futures Exchange aluminium prices in the previous quarter, Rusal is focusing on expanding its market share in Asia. In an interview with Fastmarkets on Tuesday July 28, Rusal sales and marketing director Roman Andryushin said the Chinese aluminium market could be a long-term focus of Rusal. "I...Read More

Iron ore prices mostly rose on Tuesday July 28 after trading sentiment recovered due to an easing in tensions between the United States and China. Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $106.66 per tonne, down $1.02 per tonne 62% Fe low-alumina fines, cfr Qingdao: $109.79 per tonne, up $0.13 per tonne 58% Fe fines high-grade premium, cfr Qingdao: $95.55 per tonne, up $1.11 per ton...Read More

RAPAPORT... The Federation of Belgian Diamond Bourses has closed all four of Antwerp's trading floors following a spike in coronavirus cases in the city.The national government tightened social-distancing rules on Monday to prevent a repeat of the full lockdown it instituted during the first virus wave. The province of Antwerp is responsible for more than half of the country's new infections,...Read More

RAPAPORT... The Israel Diamond Exchange (IDE) has urged the government to establish an international free-trade area in the bourse complex, arguing that the tax-free zone would attract foreign companies and boost the local industry.The plan would help the Israel sector recover from the unprecedented slowdown that the coronavirus has triggered, IDE president Yoram Dvash told a meeting of the p...Read More

RAPAPORT...  LVMH, which owns Bulgari and Chaumet, saw sales of watches and jewelry slump in the first half of 2020 as the coronavirus reduced tourist spending and affected demand from wholesale customers.The category endured the worst performance of the luxury group's major product types, with revenues falling 38% year on year to EUR 1.32 billion ($1.55 billion), LVMH reported Monday. The di...Read More

(IDEX Online) - Veteran diamantaire Edi Faltz is offering a lifeline to those in the industry who have been shunned by traditional banks.He says he is aware of the plight of many diamond dealers who have been refused banking facilities or actually had their accounts closed.He is part of a group that opened Digital International Bank, Inc. based in the US territory of Puerto Rico, in 2016, and is a...Read More

RAPAPORT... Rio Tinto has given customers flexibility with their rough purchases since the Covid-19 crisis began, allowing them to buy only what they needed."We provided full flexibility for all our customers and worked constructively with individual Rio Tinto select diamantaires during the pandemic to understand, and operate in line with, their needs," a company spokesperson told Rapaport Ne...Read More