It was worth $28.72/oz at the time of writing, while gold was about $2,014/oz.Russia-focused silver miner Silver Bear Resources (TSX: SBR) was among the metals and mining stocks on the rise in Toronto, gaining 15%.Meanwhile US-China tensions continue and the number of COVID-19 cases globally has just passed 20 million.Elsewhere, copper gained about 1.4% on the London Metal Exchange and aluminium w...Read More

Lucara's Q2 revenue of US$7.5 million came via the sale of stones smaller than 10.8 carats. The company decided in March not to tender any diamonds in excess of that size, instead agreeing to sell Read More

The latest data for the global manganese ore market for the week ended August 7, 2020.Read More

Portside prices for both low- and high-grade manganese ore in China rose in the week to Friday August 7, snapping a run of six consecutive weekly declines, after traders raised their offer prices in response to strength in the seaborne market.Fastmarkets' manganese ore port index, base 37% Mn, range 35-39%, fot Tianjin, China was at 35 yuan ($5.02) per dry metric tonne unit (dmtu) on August 7 - eq...Read More

Ferrous scrap prices in the Mexican steelmaking regions of Monterrey and Baj?-o increased week on week because of continued improvement in demand.Many market participants reported average price increases of 200 pesos ($8.91) per tonne for most grades of scrap during the week ended Friday August 7, while other, less common price increases were reported in the range of 150-400 pesos ($6.68-17.82) pe...Read More

Domestic prices for ferrous scrap in Italy moved down slightly in the month to Tuesday August 11, with demand for the raw material reduced by scheduled maintenance outages during the month.Most Italian steel producers stopped production for summer maintenance work in August, but some have changed their schedules this year and planned shorter stoppages with demand recovering from the Covid-19-relat...Read More

THUNDER BAY - The Ontario government is providing $845,566 to help two companies in Thunder Bay develop new products and technologies that will support the health sciences sector and create skilled worker jobs. The funding will be delivered through the Northern Ontario Heritage Fund Corporation (NOHFC)."Supporting the health sciences sector across Northern Ontario is an important part of our gover...Read More

Turkish steel producers have slowed down their deep-sea scrap purchasing, after the domestic long steel market was affected by the weakening of the country's lira, sources said on Tuesday August 11.Mills in Turkey booked a number of cargoes last week, with the most recent transactions for material from the US and Baltic Sea at $285 per tonne cfr for HMS 1&2 (80:20).But the mills then paused their...Read More

Share this articleTORONTO - The chief executive of Barrick Gold Corp. said Monday the company's strategy for spending money is unchanged despite a run up in gold prices that boosted second-quarter results and prompted an increased dividend.Mark Bristow said he is actively guarding against temptation to change course."First of all, the way you do it, is you don't blow your brains out, like what hap...Read More

The dip in base metals prices at the end of last week was a one-day wonder for copper and aluminium after prices for both metals rebounded yesterday, while consolidation has set in again this morning, Tuesday August 11, and the other metals continue to consolidate too.Asian-Pacific equities and pre-market western equity index futures were upbeat this morning. But gold prices are down by 0.9% at $2...Read More

Lumina Gold Corp. (TSXV: LUM, OTCQX: LMGDF) is a precious and base metals exploration and development company focused on the Cangrejos Gold-Copper Project, the largest primary gold deposit in Ecuador. We learned from Scott Hicks, VP of Corporate Development and Communications of Lumina Gold, that they envision a 25 year mine life, with a large-scale open pit mine, producing about 80,000 tonnes per...Read More

On Monday and Tuesday we heard from two outstanding guests on Real Vision. Milton Berg, Founder and CIO of Milton Berg Advisors, joined Ed Harrison yesterday to highlight a series of bullish signals that are flashing for stocks. There is only one problem. The signals are late. That has led Berg to wonder if US stocks are now trading more like commodities than equities.On Tuesday, we had one my fa...Read More

Key data from the pricing session in London on Tuesday August 11.Key driversMetal prices moved higher with prices in the $14s no longer available for either alloy-grade or standard-grade metal. Lower bids went untapped and sellers successfully raised their offer prices against a backdrop of high raw materials...Read More

China's output and sales of new energy vehicles (NEVs) rose for the first time on an annual comparison this year in July, but figures were down slightly against June. China produced 100,000 NEVs in July, including pure electric vehicles (PEVs) and plug-in hybrids. This was an increase of 15.6% from July 2019, but a fall of 2.4% from June this year, according to data released by the China Associati...Read More

After a consultation period, Fastmarkets will amend the specifications of its hot-dipped galvanized steel import price assessment, cfr South America, with effect from Friday August 14.The consultation ran from July 14 to August 11 and laid out Fastmarkets' proposal to change the thickness specification in the price assessment for steel hot-dipped galvanized coil, import, cfr main ports South Ameri...Read More

New video on the pullback from Mike Maloney: As Mike had mentioned in recent updates, he was hoping that gold and silver would go through a correction. That sure happened today, so what does it mean? Is this it? Will we go lower? Just what is going on? Join Mike for his take on this historic day in the metals markets. Michael Maloney is a precious metals investment expert and historian. He is the...Read More

This interview was filmed on August 6, 2020. With gold at a never-before-seen price level, what's next for the yellow metal? Nick Santiago, chief market strategist at InTheMoneyStocks, said that while gold could dip lower in the near term, the current cycle will see it rise much higher. "I think this is the tip of the iceberg in the run longer term. In the short run we are very extended, very over...Read More

Gregory Weldon is CEO of Weldon Financial and Editor of the influential newsletters "Weldon's Money Monitor," the "Commodity and Currency Monitor," the" Metal Monitor," and the "ETF Playbook." He launched these macro-market publications, covering supply-demand fundamentals, along with technical, intermarket, and psychological insights, after building a successful career as a trader on Wall Street....Read More

Can Trump Just Order the Treasury to Give Us Money? John RubinoCan Trump just give us money via executive order?Seattle pro-cop rally, Portland police union office fire, Chicago bridges raised: misdirection by 1% (see next entry)Meanwhile: Fed is preparing to officially shoot for higher than 2% inflationOne-fifth of all mail-in ballots disqualified in NYC primary - chaos coming in November. US Pos...Read More

Danielle DiMartino Booth is CEO & Chief Strategist for Quill Intelligence LLC, a research and analytics firm. She spent nine years as an advisor to Richard W. Fisher at the Federal Reserve Bank of Dallas. Danielle left the Fed in 2015 to found Money Strong, LLC, an economic consulting firm and launched a weekly economic newsletter She is the author of Fed Up: An Insider's Take on Why the Federal...Read More