Peter Hug, global trading director of Kitco Metals, breaks down the gold market's recent price action and the next key support and resistance levels to watch for. Peter Hug has been involved in precious metals since 1974. He began gaining first-hand investment industry experience at Deak-Perera. He served as SVP at Guardian Trust Company, which became one of the largest international trading house...Read More

Silver surged into mainstream headlines in late January as the "silver squeeze" narrative took hold, but what's happened to the white metal in the weeks since then? Nick Barisheff, president and CEO of BMG Group, said the story is still alive and well. In his view, there are two key points that silver-focused investors should be aware of. "I think the thing that people should understand (is) the...Read More

Key data from the February 26 pricing session in London.Key drivers:Prices drift lower amid less active inquiries, leaving oxide sellers content to accept bids near the lower end of the previous quotes. Bids below...Read More

Kalo Gold Holdings, which is working toward a district-scale high-grade gold discovery, will trade on the TSX Venture Exchange. The mineral-rich Pacific Ring of Fire hosts numerous high-grade mines, including some of the largest in the world, Indonesia's Grasberg and Papua New Guinea's Porgera. A company with a large landholding in Fiji along the same Ring of Fire expects to begin trading publicl...Read More

Mickey Fulp, the Mercenary Geologist, in conversation with Maurice Jackson of Proven and Probable, discusses what metals he is and is not buying, and also talks about two companies in his portfolio. Maurice Jackson: Joining us for a conversation is Mickey Fulp, the world-renowned Mercenary Geologist. It's always a pleasure to speak with you, sir. I hope that life has been treating you well and t...Read More

Troilus Gold's new Southwest zone drill results outline a mineralized system that "dwarfs the pit shell proposed in the preliminary economic assessment." Troilus Gold Corp. (TLG:TSX; CHXMF:OTCQB) announced in a news release that additional exploration and stepout drill results from the Southwest zone of its Troilus project in Quebec extended the mineralization even further beyond the pit area pre...Read More

Generation Mining plans to conduct this 8,000 meter program at Marathon in two phases. Generation Mining Ltd. (GENM:TSX; GENMF:OTCQB; 9GN:FSE) launched an 8,000 meter exploration drill program at its Marathon palladium-copper project in Ontario, it announced in a news release. Boart Longyear Canada, the drill contractor, started the first hole, testing the Central Feeder zone target.The 3,000-met...Read More

Pakistan's government has said that Fastmarkets' import index for ferrous scrap will be used for customs valuations of ferrous scrap, according to an official ruling published on February 25.The decision came after meetings to determine customs values, held on January 14 and February 3 with key industry stakeholders - including the Federation of Pakistan Chambers of Commerce & Industry (FPCC&I), t...Read More

The European Commission has started an investigation on the possible extension of existing safeguard measures into 26 steel product categories imported into the European Union, the EC said on Friday February 26. The safeguard measures were imposed for an initial period of three years and will expire on June 30, 2021. The measure currently in force consists of a tariff-rate quota based on hist...Read More

Equipment supplier SMS Group will modernize Turkish steel producer Kardemir's wire rod mill to produce compact coil specifically for transport and container shipping, SMS Group said on Thursday February 25."The outside diameter of the coil will be reduced from 1.080 to 1.040 millimeters. To ensure that the coil height remains unchanged, the inside diameter will be reduced from 850 to 820 millimete...Read More

The recent FOMC minutes are hawkish and negative for the price of gold, but the Fed will remain generally dovish for some time.Last week, the Federal Open Market Committee (FOMC) published minutes from its last meeting in January . They reveal that Fed officials became more optimistic about the economy than they were in December. The main reasons behind the more upbeat economic projection were the...Read More

Export prices of Brazil-origin slab were down by $20 in the week ended Friday February 26, because fresh deals were booked at lower levels.Fastmarkets' weekly price assessment for steel slab, export, fob main port Brazil was $740-760 per tonne fob on February 26, down from $760-780 per tonne fob a week earlier.Despite the decrease in prices, market participants believe the current price level is h...Read More

The narrow trading range in stocks continues, and theshallow sideways correction will eventually resolve itself with another upleg.The signs are countless, and the riskier part of the credit market spectrumagrees. As money flows from the Tresury markets, and sizable cash balances aresitting on many a balance sheet, there is plenty of fuel to power the S&P500 advance. With volatility in the tam...Read More

This boulder could be an indication of anexciting development in the lithium market.Why?Processed, that boulder is an importantingredient to power rechargeable batteries for electric vehicles like Teslas,BMWs, Mercedes, Volvos, Cadillacs, Hummers and a lineup of new entrants to theEV frenzy.And with demand for lithium in Europeprojected to rise 60X in the coming decade... This find couldn’t...Read More

Import prices for flat-rolled steel in South America soared in the week to Friday February 26, boosted by a swift increase in bulk freight rates and higher offers from Chinese mills, returning to the market after the Lunar New Year holiday.By the end of the week, some of offers previously presented to the continent were pulled, due to uncertainties regarding delivery. Reduced availability of cargo...Read More

Gold continues to wallow near its recent low price level, near $1765.  Silver has continued to trend moderately higher – but still has not broken out to the upside.  Many analysts have continued to estimate when and how metals will begin the next wave higher.  My research team and I believe we’ve found some answers to these questions and want to share our research.Silver...Read More

Pakistan's government has said that Fastmarkets' import index for ferrous scrap will be used for customs valuations of ferrous scrap, according to an official ruling published on February 25.The decision came after meetings to determine customs values, held on January 14 and February 3 with key industry stakeholders - including the Federation of Pakistan Chambers of Commerce & Industry (FPCC&I), t...Read More

Just kidding. Warren Buffett’s Berkshire Hathaway may or may not own copper stocks. I did not dig deep enough to find out. For the purposes of this post it does not matter.With the Buffett Buys a Gold Stock! hysterics last summer, the subsequent (and inevitable) fallout and the Buffett Pukes a Gold Stock! resolution, you never know. It’s worth asking the question about what sort of inv...Read More

Indian secondary steel billet prices have risen by 900 rupees ($12) per tonne in the current week on higher costs for basic raw materials such as direct-reduced iron (DRI), coupled with increased buying of semi-finished steel by makers of long products.The price of steel billet, domestic, exw India, was assessed by Fastmarkets on Friday February 26 at 38,300-38,500 rupees ($527-530) per tonne comp...Read More

Lithium-ionis about to take on a lot more significance. This is not about your iPhone anymore. It’s not even just about your electricvehicle. Lithium-ion batteries will power a large part ofour world in the future and are now an important aspect of amulti-trillion-dollar energy transition. That makes the world’s handful of lithium producersnow finally a hot item to...Read More