Guggenheim's head of investing sees a hard road ahead for the markets and the US economy, with a severe recession and a 40 percent drop in stocks on the horizonContinue...Read More
JPMorgan Chase CEO Jamie Dimon sees 'chance of market panic'- In annual letter to shareholders Dimon warns of increased inflation and interest rates- Concerned QE unwinding could cause chaos as 'markets will get more volatile'- Hard to look at the last 20 years in America "and not think that it has been getting increasingly worse."- Positive about US economy over next year, but ignores record leve...Read More
By Alasdair Macleod"Naturally, the smooth termination of the gold-exchange standard, the restoration of the gold standard, and supplemental and interim measures that might be called for, in particular with a view to organizing international credit on this new basis, will have to be deliberately agreed upon between countries, in particular those on which there devolves special responsibility by v...Read More
"The silver price has perhaps disappointed many investors of late...however not all is at it seems." Here's the details...by Mark O'Byrne via SilverSeek Bloomberg's Mike McGlone silver "set to test the $18 an ounce resistance level"- LBMA report: volume of silver ounces transferred in February fell by 24%- Standard Chartered: gold-silver ratio and supply/demand fundamentals favour silver- Gold/s...Read More
Cranbrook, B.C., April 6th, 2018: Eagle Plains Resources Ltd. (TSX-V: "EPL") (the "Company") announces that it has completed a special meeting approving the spin-out of certain Saskatchewan gold assets into a separate company named Taiga Gold Corp ("Taiga"). 99.7% of voters approved the Plan of Arrangement transaction in addition to other business put before the shareholders. Under terms of the...Read More
Domestic prices for rebar in Poland have been stable this week, but market activity has started to improve slowly, sources told Metal Bulletin."Demand is improving because the construction sector wants more material since the weather improved," a Polish trader said...Read More
Do you know how much a trillion is (we refer here to the short scale)? A billion is hard enough to imagine, much less a trillion. But let's try. We can write it as 1,000,000,000,000 - that's a 1 with twelve zeroes. In other words it's million million, or ten to the twelfth (1012). One trillion of dollars in $100 dollar bills would stack up to about 631 miles high. Given that the average annual i...Read More
Just a few months ago, news impacting gold and other metals was very different from today as at that time we were dealing with the impact of tax reform, the US budget and a major increase in military spending talk of infrastructure spending. We're no longer dealing with: ? War with North Korea (NK), being a daily topic. In fact, plans are underway for a meeting between Kim...Read More
The UK inter-merchant price range for austenitic alloy steel products narrowed upward by ?10 per tonne this week while the price of nickel fluctuated, sources said on Friday April 6.Metal Bulletin's weekly price assessment for inter-merchant 18/8 scrap solids in the UK was ?940-980 ($1,319-1,375) per tonne delivered on Thursday, compared with ?930-980 per tonne on March 29.The London Metal Exch...Read More
Dear Friend of GATA and Gold:Allan Flynn, who runs the "Comex, We Have a Problem" blog, this week posted a fascinating review of the traders who are the major targets of the recent investigation by the U.S. Justice Department and Commodity Futures Trading Commission of "spoofing" in the monetary metals futures markets.Two details that may be of special interest:1) The traders seemed to find "spo...Read More
Real estate tends to ride an emotional rollercoaster, as anyone who made it through the 2000s can attest. But in some ways the current market is even stranger Continue...Read More
Steel scrap prices in the major global markets have shown strong declines following the sharp fall in Turkish imported scrap values during the working week from Monday April 2 to Friday April 6.Taiwanese and US scrap prices did remain stable but the pressure on US prices as strengthened over the week.Turkey importsTurkish import scrap prices fell sharply after steel producers managed to get lower...Read More
President Trump, desiring to protect U.S. farmers from China's tariffs, may end up putting his country against many more nations in a Continue...Read More
Petrov was at FQM between 2011 and 2016. In 16 years as an exploration geologist he has also worked at Dundee Precious Metals, Newmont Mining and Ivanhoe Mines."We believe Nikolay's extensive experience, network and skillset will prove invaluable to our efforts moving forward," said Black Sea president and CEO, Vince Sorace."Black Sea has an excellent technical team capable of generating and evalu...Read More
- JPMorgan Chase CEO Jamie Dimon sees 'chance of market panic'- In annual letter to shareholders Dimon warns of increased inflation and interest rates- Concerned QE unwinding could cause chaos as 'markets will get more volatile'- Hard to look at the last 20 years in America "and not think that it has been getting increasingly worse."- Positive about US economy over next year, but ignores record...Read More
Trading activity in the Indian import scrap market will only pick up again if prices drop by at least $10 per tonne, market sources told Metal Bulletin on Friday April 6.Disappointing domestic finished steel prices and uncertainty over the Section 232 import tariffs on steel in the United States have caused consternation in the Indian scrap markets during recent weeks. Sources said that prices wou...Read More
Pembridge is currently suspended from London's main board because the US$37.5 million deal for the Minto copper mine in Yukon includes a share handover and counts as a reverse takeover.Paul Fenby has joined as CFO from Indonesia-focused Asia Resource Minerals.Pembridge CEO David Linsley said Fenby would be critical to the return to the LSE."The role of CFO is a vital one for our company as we move...Read More
Brazilian slab export prices remained unchanged this week, with few offers heard, but producers were reported to be hoping for a new increase in offers for May-production batches.Metal Bulletin's weekly assessment of Brazil export slab prices was unchanged on Friday April 6, at $580-590 per tonne fob.Demand for slab was reported to be increasing, with buyers in Europe and Southeast Asia returning...Read More
Tom Kaplan's Electrum has earned 60% of Cerro Las Minitas by spending US$5 million on exploration. Southern Silver remains the JV operator.The pair has committed a further $3 million for exploration this year.The new 13,000m planned campaign will include up to 10,000m of core drilling on and along strike from the promising Skarn Front deposit, out to the south-east in the Las Victorias target area...Read More