Providence Gold Mines Inc. (TSXV: PHD) The Property is located in the Summerville Mining District, Tuolumne County, California, upon the eastern belt of the "Mother Lode" District, consisting of 65 acres of fee simple land and 22 additional mining claims on US federal lands in the famous Motherlode mining districts. We learned from Ron Coombes, President & CEO of Providence Gold Mines, that the pr...Read More
European producers of hot-rolled coil will announce domestic price increases in the middle of June despite low demand, sources told Fastmarkets on Thursday June 11.Fastmarkets' daily steel hot-rolled coil index, domestic, exw Northern Europe, was calculated at ?,?396.70 ($450.74) per tonne on Thursday June 11, down by ?,?1.22 per tonne from ?,?397.92 per tonne on Wednesday June 10.The index w...Read More
This morning, Real Vision looks at the US macro and political environment and the implications for asset prices between now and the fall. Ed Harrison interviews Darius Dale, managing director at Hedgeye, who dispassionately applies a quantitative framework to assess where stock prices are likely headed. It is a great interview because Dale is able to cut through the noise and focus on key variabl...Read More
Liberty Steel plans to replace the basic oxygen furnace (BOF) at its Galati plant in Romania with two electric-arc furnaces (EAFs), with the aim of becoming carbon-neutral by 2030, the company announced this week.Within the next three to five years Liberty also plans to install a 2.50 million tonnes-per-year direct reduced iron (DRI) module at the Galati plant, a Liberty Galati...Read More
While it was easy to miss in the wake of the Fed meeting, bitcoin has edged closer to $10,0000. For the past couple of weeks, it has been consolidating, so we shall see if it can sneak across that psychological barrier. On INK Ultra Money we heard from Arthur Hayes, CEO and co-founder of BitMEX a cryptocurrency exchange and derivatives platform. It is a timely interview as signs are pointing to i...Read More
Demand for imported steel billet and domestic steel reinforcing bar (rebar) in Egypt remained weak in the seven days to Thursday June 11, but billet import prices increased because of high offers, sources told Fastmarkets.No improvement in demand is anticipated any time soon because all construction activity was halted for six months by order of the Egyptian president in late&n...Read More
Turkish domestic rebar and wire rod prices have increased over the past week due to rising imported scrap costs and strong demand, sources said on Thursday June 11.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar) domestic, exw Turkey was 3,400-3,440 lira ($501-507) per tonne on Thursday, up from 3,250-3,300 lira per tonne, including 18% VAT, the week before.Steel producers in...Read More
Turkish rebar and wire rod export prices increased over the past week despite weak demand, market sources said on Thursday June 11.Turkish steelmakers raised their offers for rebar to $425-430 per tonne fob on an actual weight basis in line with the increasing scrap costs, Fastmarkets heard.The bids that steelmakers were receiving were not any higher than $410 per tonne fob, however, sources said....Read More
Turkish steel mills took a break from deep-sea scrap purchasing on Thursday June 11, after booking significant volumes in recent weeks, sources told Fastmarkets.Turkish steelmakers have booked at least 14 deep-sea cargoes since the beginning of the month, totaling around 450,000 tonnes.They have been booking deep-sea scrap since the easing of Covid-19-related restrictions led to an...Read More
Seaborne iron ore prices were largely unchanged on Thursday June 11, while market participants waited for fresh data on port inventories in China Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $103.74 per tonne, down $0.19 per tonne. 62% Fe low-alumina fines, cfr Qingdao: $106.65 per tonne, down $0.13 per tonne. 58% Fe fines high-grade premium, cfr Qingdao: $93.25 per tonne...Read More
Here are five Fastmarkets stories you might have missed on Thursday June 11 that are worth another look.GFG Alliance is to create its first "Greensteel" facility in Europe at its Liberty Steel facility in Galati, Romania, as part of its plan to become carbon neutral by 2030, the company said this week.A deal for third-quarter aluminium ingot supply to Japan has been concluded at a premium of $68 p...Read More
Liberty Steel plans to replace the basic oxygen furnace (BOF) at its Galati plant in Romania with two electric-arc furnaces (EAFs), with the aim of becoming carbon-neutral by 2030, the company announced this week.Within the next three to five years Liberty also plans to install a 2.50 million tonnes-per-year direct reduced iron (DRI) module at the Galati plant, a Liberty Galati...Read More
By: Gary Savage Gold attacked last Friday, right on que. Gold is churning $1800 resistance zone. Banks still stuck in this huge short position:https://blog.smartmoneytrackerpremium.com/Read More
David Haggith The first graph gives you a glimpse of the "huge jobs rebound" that shocked the stock market into spurting past its 200 DMA barriers because retail investors and algos aren't looking past the headlines.The second graph below shows you what a tiny difference that made to the total number of jobs that were lost:Some recovery, huh?In broader context, that looks like this:Why the drama...Read More
By: Ira EpsteinGold is $20 from new close highs! Gold negated downtrend on Tuesday, Wednesday trying to build an uptrend. The $1733 area is support on the 18-dma:Read More
Gold is on the way to $1836.70. Comments by Federal Reserve chairman at the Federal Reserve meeting is the reason. Correction of gold price in US session will come only if US weekly jobless numbers beats street expectations by a big margin. Selling gold and silver on the basis of US May nonfarm payrolls has resulted in short covering yesterday post FOMC surprise. I was focused more on copper and...Read More
?>>?Christopher Martenson is a former American biochemical scientist. Currently he is a writer and trend forecaster interested in macro trends regarding the economy, energy composition and environment. He is the founder of PeakProsperity.com. As one of the early econobloggers who forecasted the housing market collapse and stock market correction years in advance, Chris rose to prominence with the...Read More
Benchmark interest rates are near zero and Fed Chairman Jerome Powell says they'll likely stay there for a while. Jim Grant, founder and editor of Grant's Interest Rate Observer, joins "Squawk Box" to discuss.James "Jim" Grant is an American writer and publisher and the founder of Grant's Interest Rate Observer, a twice-monthly journal of the financial markets. He is the author , most recently, of...Read More
Gregory Mannarino started his career working for the securities and trading arm of the now defunct Bear Stearns before the dot-com bubble. After realizing that working on Wall Street was not like the movies, he moved on to get a medical degree and practiced medicine as a Physician Assistant. He also served in the United States Naval Reserve Medical Service Corps, having attained the rank of Lieute...Read More