...real rates have been negative before during the 1940s in the post WW2 Era and in the 1970s STAGFLATION.Read full newsRead More

Many Canadians are continuing to face a significant drop in their regular income due to COVID-19-related factors. To add to their worries, some government benefits — that they’ve been receiving for months — are set to end soon.The Canada Emergency Response Benefit (CERB) scheme would expire in the first week of October. The Justin Trudeau administration announced the scheme in Ma...Read More

The Canadian stock market has been resilient, despite the fear of an economic slowdown. The rising COVID-19 infections and the weak economic outlook suggest that the market could shed most of its gains. However, that is not happening, as investors’ optimism over the reopening of the economy and increase in economic activities continue to lend support and protect the downside.Amid such an env...Read More

After a stupendous bull run, gold stocks lost significant value overnight. Gold prices were up 35% year to date, and it seemed investors decided to book profits in the yellow metal. This resulted in a sell-off, as investors offloaded gold mining companies, which sent stocks spiraling downwards.Gold prices rose from $1,519.5 an ounce in December 2019 to over $2,000 an ounce in the last week. Gold p...Read More

The Federal Reserve has two objectives: 1) promote employment and 2) stabilize prices.Well in the next few weeks, it's going to abandon the second. And gold is going to surge to unforetold heights as a result. This isn't just some wild prediction. It's coming from the Fed itself. You see, all the way back in November 2018, the central bank announced a broad review of the strategy, tools, and m...Read More

Gold has been a superb investment in the last couple of years. Since 2019, gold fund SPDR Gold Trust has appreciated about 47% even after the latest dip.Yesterday, the gold spot price slipped 2%, SPDR Gold Trust fell 5%, and gold stocks fell even more. Here’s to name a few:Newmont stock fell +7%Barrick Gold stock fell +8%Franco-Nevada stock dropped +6%Kirkland Lake Gold stock declined +6%Wha...Read More

When it comes to gold stocks, Barrick Gold (TSX:ABX)(NYSE:ABX) is the gold standard. But as I’ve been warning investors in many prior pieces, shares look absurdly overvalued, especially given that gold prices are above and beyond that of their mid-cycle levels (around US$1,200-$1,300 per ounce).While it’s a good idea to have some exposure to alternative assets (that’s alternative...Read More

Aug 12, 2020 Guest(s): Will Rhind CEO, GraniteShares Despite this year's dramatic gold price run-up, the precious metal has still not turned the heads of most investors, said Will Rhind, founder and CEO of GraniteShares in an interview with Kitco on Monday.Referring to the generalist investors as "tourists," Rhind said gold is still looking for love from the broader market."The tourists are not...Read More

Here are five Fastmarkets stories you might have missed on Wednesday August 12 that are worth another look.ABN Amro will end its financing activities of commodity clients globally, it said on August 12.The London Metal Exchange's latest data shows a rise of 109,968 tonnes of off-warrant...Read More

A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday August 12.Please click...Read More

The three-month price of copper on the London Metal Exchange was higher at the close of trading on Wednesday August 12, with high turnover during the day prompting a push beyond key resistance levels, while a morning inflow of 15,225 tonnes of zinc saw selling pressure continue into the close.Copper's outright price closed at $6,432.50 per tonne on Wednesday afternoon, up from an intraday low of $...Read More

ABN Amro will end its financing activities of commodity clients globally, it said on Wednesday August 12.The Dutch bank will stop all non-European corporate financing, which accounts for around 45% of its current client loan portfolio, and will wind down units in the United States, Asia, Australia and Brazil, in a process expected to take around three to four years."The Trade & Commodity Finance a...Read More

Nickel plate premiums in China were unchanged this week after the arbitrage window remained firmly shut, dampening import demand for the metal, but nickel pig iron (NPI) and nickel sulfate prices fared better with both registering decent gains this past week.Elsewhere, the traditional summer slowdown across Europe and the United States kept premiums in both regions flat this week.Lack of import ap...Read More

Gold was worth almost $1,920/oz on the spot market earlier, having been about $2,104/oz at this time yesterday.Producers Barrick Gold, Kinross Gold and Yamana Gold all lost 9% or more on the Toronto Stock Exchange.Silver, which this week briefly rose over $29/oz for the first time since 2013, was at $25.17/oz on the spot market at the time of writing."Some people have attributed this to the fact t...Read More

J.P. Morgan led the way in what seemed like a competition to replace previously cautious comments about the iron ore outlook with a rash of optimism.Read More

SNC-Lavalin announced in late July it had entered a definitive agreement to sell its South African Resources arm to local management, with the transaction expected to close within weeks. The price was not disclosed.The company has had a presence in sub-Saharan Africa for more than 40 years.The South African business has around 1,800 employees, and describes itself as a leading shutdown contractor,...Read More

"All the opportunities created by the merger and subsequent transactions have been seized and more have been identified.Read More

Here are five Fastmarkets stories you might have missed on Wednesday August 12 that are worth another look.ABN Amro will end its financing activities of commodity clients globally, it said on August 12.The London Metal Exchange's latest data shows a rise of 109,968 tonnes of off-warrant...Read More

Here are five Fastmarkets stories you might have missed on Wednesday August 12 that are worth another look.ABN Amro will end its financing activities of commodity clients globally, it said on August 12.The London Metal Exchange's latest data shows a rise of 109,968 tonnes of off-warrant...Read More

Domestic ferrous scrap prices in Germany have increased month on month so far in August, supported by a recovery in international raw material prices and solid demand from German mills, sources told Fastmarkets on Wednesday August 12.Fastmarkets' monthly price assessment for steel scrap No E3 (old thick steel scrap), domestic, delivered mill, Germany, was ?,?225-240 ($265-282) per tonne on August...Read More