Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:admin@guswinger.comSep 7, 2021 Gold rallied strongly after Friday’s jobs report was released, but all the gains have been lost. Please click here now: Double-click to enlarge this short-term gold chart.Gold tends to consistently retrace most violent rallies and declines... and often quite quickly. Tues...Read More

Jack ChanPosted Sep 7, 2021Gold sector as represented by $HUI is now on amajor SELL signal.Long-term signals can last for months and are more suitable for investors.Short-term is on BUY signal.Short-term signals can last for days and weeks and are more suitable for traders. Speculation is in bear market values and now at levels of previous tops.Speculation in bear market values. Our ratio is on SE...Read More

Sep 07, 2021 Guest(s): Michael Lee Founder, Michael Lee Strategy The withdrawal of U.S. troops from Afghanistan has left a power void in the region, with some analysts saying that weaker American presence overseas could signal a threat to the U.S. dollar as a global reserve currency.Michael Lee, founder of Michael Lee Strategy, discusses the impacts on the U.S. dollar and American economy of the...Read More

"Carbon-neutral nickel ETC is another important development for Nornickel and testament to our commitment to the global climate change agenda," VP sales and distribution Anton Berlin said."Today's announcement furthers our ambition to be the leading producer of green metals, highlighting the attractiveness of our portfolio of low-carbon commodities which provide a transparent and fully-audited sou...Read More

Here are five Fastmarkets stories you might have missed on Tuesday September 7 that are worth another look....Read More

An overview of the chrome ore and alloy markets in Asia, Europe and the United States on Tuesday September 7 and their latest price moves.China UG2 chrome ore offer prices dropped following a softening in the alloy market and reports of electricity production restrictions on consumers. The imported charge chrome market fell following early weakness in the domestic spot market and likely production...Read More

Despite assurances given by the junta leaders on Tuesday that miners would have their existing agreements honoured, the political upheaval is expected to see timelines pushed back for the two majorRead More

Market participants told Fastmarkets on Tuesday September 7 that bauxite production in Guinea has been unaffected so far, despite a coup in the West African country.The coup began on Sunday September 5 when soldiers detained President Alpha Cond?(C), and then announced on state television that the government had been dissolved. Despite the political uncertainties, the operations of mining projects...Read More

Turkish steel mills have resumed their deep-sea scrap bookings at fairly stable prices after a short break, market participants told Fastmarkets on Tuesday September 7.Three steel producers booked four deep-sea cargoes from various locations.A steel mill in the Marmara region booked a US cargo, comprising 15,000 tonnes of HMS 1&2 (80:20) at $445 per tonne and 27,000 tonnes of shredded at $460 per...Read More

The possibility of tighter production cuts in China in early 2022 has led to a drop in raw materials prices across the ferrous chain in China, sources told Fastmarkets on Tuesday September 7.Stricter production policies in China put pressure on scrap demandJapan-origin offers to China remain unchangedTaiwan buys containerized scrap at $450 per tonneChinaThe Chinese government's stricter stanc...Read More

Share this article VANCOUVER - enCore Energy Corp. [EU-TSXV; ENCUF-OTCQB:ENCUF] and Azarga Uranium Corp. [AZZ-TSX; AZZUF-OTCQB; P8AA-AZZUF] have entered into a definitive arrangement agreement whereby enCore will acquire all of the issued and outstanding common shares of Azarga pursuant to a court-approved plan of arrangement.The transaction consolidates an industry leading pipeline of exploratio...Read More

Base metals prices on the London Metal Exchange were mainly weaker on the morning of Tuesday September 7, while all but aluminium on the Shanghai Futures Exchange were down. China's imports and exports growth accelerated in August, compared with July's increases... ...this despite Covid-19 disruptions and container shortagesBase metalsThree-month base metals prices on the LME were mainly weaker th...Read More

Uranium stocks are hot, while crypto risks could be heating up. In this week's Insights we focus on uranium and note that one major crypto thought leader is moving some capital from altcoins to gold (well sort of).Uranium stocks have the wind at their back (image Nicholas Hippert)Also, a sneak peak at INK's community coin.Click here to read our latest free newsletter that highlights developing nar...Read More

Australian mining company Nickel Mines has acquired 100% of the interest in the Siduarsi nickel-cobalt project in the Papua province of Indonesia, it said in a press release published on Thursday September 2.The Siduarsi site covers 16,470 hectares, with the highest individual grades of 2.07% nickel and 0.36% cobalt recorded across a 1-meter vertical channel sample.The project's potential was prom...Read More

Here are five Fastmarkets stories you might have missed on Tuesday September 7 that are worth another look....Read More

Fastmarkets' price index for domestic steel hot-rolled coil in Northern Europe went down day on day on Tuesday September 7 with the outlook among buyers turning negative, Fastmarkets has heard.Buyers have been holding back from trading because they wanted to take time to monitor the price trend. They expected that volumes of coil products available in the spot market would increase due to poor dem...Read More

The downturn in prices for flat steel imports to the United Arab Emirates and Saudi Arabia has made buyers refrain from bookings because of their uncertainty about the market during the week ending Tuesday September 7, sources told Fastmarkets.Buyers wanted to see prices hit a market bottom before placing more orders.Saudi ArabiaChina was offering hot-rolled coil at $1,020-1,040 per tonne cfr Saud...Read More

Excess supplies of rebar in Russia's Central Federal District around Moscow led to a decline in prices in the week to Monday September 6, after domestic producers that usually trade elsewhere redirected supplies to the country's key steel-consuming region.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), domestic, cpt Moscow, Russia, was 58,000-62,000 roubles ($795-850) per t...Read More

Demand for steel rebar in the United Arab Emirates improved in the first week of September compared with August, while prices remained stable, sources told Fastmarkets on Tuesday, September 7.Demand picked up last week because of low stock levels and buying has been strong so far this week, sources said.Domestic rebarSince August 24, the country's biggest steel producer, Emirates Steel, has been o...Read More

China's domestic rebar prices continued to trend upward on Tuesday September 7 but trading activity fell in response to the increases.DomesticEastern China (Shanghai): 5,320-5,370 yuan ($824-831) per tonne, up by 40-60 yuan per tonneRebar futures traded above Monday's settlement price of 5,427 yuan per tonne throughout the day on Tuesday.Sellers - already expecting lower steel production rates to...Read More