Silver remains in the limelight after reports last week that members of Reddit's WallStreetBets forum wanted to squeeze the market like they have for GameStop. The WallStreetBets crowd has since distanced itself from the silver story, calling it a distraction from GameStop. But while the white metal's price has declined, interest remains high. Here Chris Marcus of Arcadia Economics explains the la...Read More
There's no universally agreed-upon definition of hyperinflation. But one widely Continue...Read More
The Federal Reserve printed $4 trillion in the years following Continue...Read More
You've heard the axiom "History repeats itself." It does, but never in exactly the same way. To apply the lessons of the past, we must understand the differences of the present.Continue...Read More
Thanks to social media, the outsiders are threatening to replace who's in the Tower, and the insiders have never been more scared.Continue...Read More
Current standards "permit dangerously high levels of toxic heavy metals, and documents revealed that the manufacturers have often sold foods that exceeded those levels."Continue...Read More
Compares dissenting Americans to Taliban, Al Qaeda; Compares President Trump to Saddam Hussein.Continue...Read More
Reading about how YouTubers and Redditors with screennames liike "RoaringKitty" and "DeepF*ckingValue" contributed to last week's financial mania with posts and videos expounding the virtues of GME, AMCContinue...Read More
Newmont Corp (NEM) should have very good chart support around the $53.00 area. Continue...Read More
Silver has reached a turning point against other assets. Two examples of this are against world equity markets, and US M2 Money supply.Continue...Read More
Prices for steel billet and rebar decreased in Egypt in the week to Thursday February 4 in line with weak demand, with the country still suffering from rebar consumption having decreased by 7.68% in 2020, sources have told Fastmarkets.Egyptian demand for long steel products was weak for reasons including a ban on construction and the continuing effects of the Covid-19 pandemic.Egypt imposed a ban...Read More
Export prices for steel billet from the Commonwealth of Independent States (CIS) continued to move downward on Thursday February 4 with lower offers heard from mills and traders.Billet offers from mills were heard within the range of $540-545 per tonne fob for customers in the Middle East, compared with $540-550 per tonne fob earlier in the week.A Russian producer was reported to have filled its o...Read More
"We are investing in safety across our operations and recently started rolling out industry leading camera-based safety technology across our delivery fleet," Bass saidContinue...Read More
Turkish steel billet prices have continued their downward trend over the past week amid limited demand for the material and falling imported scrap costs, sources said on Thursday February 4.Imported scrap prices have been coming down over the week amid limited demand.Fastmarkets' daily index for steel scrap, HMS 1&2 (80:20 mix), US origin, cfr Turkey, was $401.35 per tonne on February 3, down from...Read More
The attraction of high sales volumes and good netbacks in China continued to tighten supply and supported prices for ferro-chrome in Europe in the week to Tuesday February 2.Ferro-chrome producers have targeted China, attracted by the high demand, rather than Europe. This has reduced the volumes available in Europe, which in turn has increased prices.Fastmarkets' price assessment for ferro-chrome,...Read More
The lode structures at Lion One Metals' Tuvatu are seemingly shaping up to be "deep tapping and likely prospective for high-grade gold mineralization." Lion One Metals Ltd. (LIO:TSX.V; LOMLF:OTCQX) announced in a news release the results of two diamond drill holes, still in progress, at its Tuvatu project on Fiji.Both holes returned shallow and high-grade gold, the company stated."We are starting...Read More
StrikePoint Gold reported drill results from the Edge Zone Discovery at its Willoughby Project that returned 7.72 m of 10.04 g/t gold and 5.61 g/t silver. In a news release, StrikePoint Gold Inc. (SKP:TSX.V; STKXF:OTCQB) announced drill results from its 2020 exploration program at its wholly owned Willoughby gold-silver property located near Stewart, B.C. in Canada's Golden Triangle. "This drilli...Read More
First Vanadium provides visual observations from the four holes drilled in November and December at the Carlin Vanadium-Gold Property. First Vanadium Corp. (FVAN:TSX.V; FVANF:OTCQX; 1PY:FSE) announced in a news release information about the gold target at the Carlin vanadium-gold project in Nevada's Carlin Trend, in which it placed seven drill holes late in 2020. The company noted it draws this i...Read More
The European titanium scrap market resumed its six-month long rally over the week to Wednesday February 3 after a brief pause, with ferro-titanium suppliers set to hold their offer prices in the near term ahead of second-quarter demand from steelmakers, market sources told Fastmarkets.Both titanium scrap markets that Fastmarkets assesses have jumped about two-fold in the past six months.Fastmarket...Read More
Brazilian vehicle production climbed by 4.2% year on year in January, with the industry slowly recovering from Covid-related restrictions imposed in the second quarter of 2020, trade association Anfavea said on Thursday February 4.Output totaled 199,707 units in the first month of 2021, rising from 191,731 units in the same month last year. But the total was down by 4.6% from 209,296 units in...Read More