Right now the Chinese are furiously working in their biolabs, as are a whole host of other nefarious nations, such as North Korea and likely Iran.Continue...Read More
"It is growing increasingly clear to me that global stock markets are in the process of making a speculative move (driven by global Continue...Read More
Central bankers may try to engineer a 'soft landing'. But as the story of Japan shows, policymakers are sometimes helpless to prevent a Continue...Read More
A new report from International Living determined some of the best and most affordable Caribbean Islands to live on.Continue...Read More
If you remain worried about a crash driving down precious metals, but you want to stay invested, here is what I would do. Continue...Read More
The simple answer is for Germany to leave the eurozone and reinstate the Deutsche mark. Doing so would be a benignContinue...Read More
Most buyers for steel rebar and billet in the United Arab Emirates held back from the market in the week ended Tuesday February 16 because they wanted to see new rebar prices from local producers, sources told Fastmarkets.Rebar producers in the UAE were expected to announce new prices soon, and buyers have been waiting for them since last week.Buyers expected prices to hold steady or go down becau...Read More
Peter Krauth, editor of Gold Resource Investor, delves into the movement among some companies to hold Bitcoin and gold rather than cash. Imagine your favorite company getting sued for holding too much cash.I know, that's a big statement. But hear me out.Corporations, pension funds and insurance companies anyone responsible to stakeholders could one day face class action lawsuits if they don't div...Read More
Sector expert Michael Ballanger examines how recent news from Getchell Gold primes the company and its investors for profit. As a newsletter writer and gold/silver market commentator, I carry over forty-four years of capital market battle scars into the emergency ward of debate over the prices of metals and companies searching for, developing, or producing those metals. As fiercely competitive as...Read More
Money manager Adrian Day reviews the latest news from several of the gold and silver miners on his list, with several "buy" recommendations. Osisko Gold Royalties Ltd. (OR:TSX; OR:NYSE, US$11.34)reported its latest quarterly results, inline with expectations, with a total of just over 66,000 "gold equivalent ounces" (GEOs) sold in 2020. This is expected to increase to around 85,000 GEOs this yea...Read More
Troilus Gold's newest findings at its Troilus project's Southwest zone are discussed in a Red Cloud Securities report. In a Feb. 10 research note, Red Cloud Securities analyst Jacob Willoughby reported that Troilus Gold Corp.'s (TLG:TSX; CHXMF:OTCQB) latest drill results from its 2020 fall-winter drill campaign at the Troilus project were positive. "The three drill holes reported from the Southwe...Read More
Aurania Resources reported that it has commenced scout drilling at the Tsenken N1 target at its Lost Cities-Cutucu Project in southeastern Ecuador. Aurania Resources Ltd. (ARU:TSX.V; AUIAF:OTCQB)reported in a news release that it has begun scout drilling work at the Tsenken N1 target at its Lost Cities-Cutucu Project in Ecuador.The company indicated that the Tsenken N1 target is a surface exposed...Read More
Bunker Hill Mining Corp. is continuing on the path towards advancing its rapid restart program with the successful commissioning of its water pre-treatment plant at the Bunker Hill Mine in Idaho. In a news release, Bunker Hill Mining Corp. (BNKR:CSE; BHLL:OTC) reported the successful commissioning of its water pre-treatment plant, designed to significantly improve the quality of mine water discha...Read More
India's ministry of road transport & highways has made changes to its specifications for steel reinforcing bar to be used in road and bridge building, allowing participants in the secondary market to provide material, according to a recent government document.The previous requirement was for all steel to be procured from producers which manufacture steel billet directly from iron ore, and which ro...Read More
When a trend is strong, related markets tend to move in unison.However, when a trend is near exhaustion -- either bullish or bearish, "non-confirmations" often occur. This is when one market continues to rise (or fall), but a related market does not.As a case in point, the Feb. 3 U.S. Short Term Update, an Elliott Wave International thrice weekly publication which provides near-term forecasts for...Read More
Swedish state-owned iron-ore producer LKAB plans to reopen its iron ore mine in Lapland, Sweden, to meet the increased demand for iron ore products, Fastmarkets heard on Tuesday February 16.LKAB plans to reopen the Mertainen mine, which was mothballed in 2016 amid a change in the market situation, in the autumn 2021, the company said. The primary goal of the mine's reopening is to meet the increas...Read More
Attention in the metals markets shifted this week fromsilver to copper and platinum. While big moves in silver and gold prices maybe coming down the road, the monetary metals are currently taking a back seatto electrical and automotive metals.A massive push by the Biden administration to replacegasoline vehicles with electric vehicles is helping to crank up demand forcopper. Anything involving ele...Read More
A fire has interrupted operations at ArcelorMittal Gijon's rail mill in Spain, the company told Fastmarkets on Tuesday February 16. The short-lived fire broke out at one of the rolling stands at Gijon's steelworks rail mill, located in Asturias, Spain, on Saturday, prompting the company to issue a stop-work...Read More
Here are five Fastmarkets stories you might have missed on Tuesday February 16 that are worth another look.With long-serving chief executive officer Ivan Glasenberg departing on a trade-fueled high, Glencore looks likely to continue along a familiar path while also tackling one of its biggest...Read More
Hot-rolled coil prices in the United States achieved a new record high, after mills were able to collect top dollar for what little spot material they have available before May. Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $60.08 per hundredweight ($1,201.60 per short ton) on Tuesday February 16, an increase of 2.40% from $58.67 per cwt on Friday February 12, and u...Read More