Gold has big year in 2020 and outlook for this year robust. Learn about monetary expansion and gold future prices.Read More
The gold futures price reached US$1,767/ounce this week before retreating, which was the second time it has surpassed US$1,760 in the past two months, marking some of gold's highest levels in several years.Read More
Just hours after the House passed the Democrats' $1.9 trillion stimulus package (which will unleash another wave of "stimmies" that will inevitably find their way into Continue...Read More
Did the FBI make off with 'seven to nine tons' of Civil War-era gold in a Pennsylvania forest after a treasure hunting duo led them to its long-hidden location?Continue...Read More
Demand for steel billet and rebar in Egypt has been very weak over the past seven days, with prices unchanged, and with market participants now asking for the country's construction ban to be removed, sources told Fastmarkets on Thursday March 11.Construction permits have been limited in Egypt since May 2020, with a small number of permits issued in September.But the current permits were not enoug...Read More
Turkish steel billet prices have remained largely stable over the past week on limited demand, while sentiment turned negative with the latest downturn in scrap prices, market sources told Fastmarkets on Thursday March 11.Billet producers in the Commonwealth of Independent States (CIS) faced pressure from lower scrap values and rising transportation costs.Turkish steel producers had booked deep-se...Read More
George Edward Gammon is an American real estate investor and entrepreneur. He produces and stars in a popular YouTube Channel. Prior to 2012, George started, owned, and operated multiple businesses ranging from conventions to advertising. The last growing to 24 million in annual revenues and over 100 employees. After 12 years as a successful entrepreneur, at the age of 38, George semi retired and...Read More
The explorer is bent on unlocking higher-grade gold areas of its district-scale project. "With at least two million ounces of gold equivalent in the ground, we are probably the best leveraged gold company in the world," says John Anderson, CEO and executive chairman of Triumph Gold Corp. (TIG:TSX.V; TIGCF:OTCMKTS). "We trade $10 market cap per ounce right now. The industry average is $50." The Va...Read More
In this interview with Rana Vig, the CEO of Blue Lagoon Resources, Peter Epstein of Epstein Research explores the company's options for producing high-grade gold, silver and copper, as well as its exploration potential at its British Columbia project. Blue Lagoon Resources Inc. (BLLG:CSE; BLAGF:OTCQB) could be the next gold-silver producer in British Columbia, Canada, toll-milling high-grade, sto...Read More
The CEO of EMX Royalty, David Cole, speaks with Maurice Jackson of Proven and Probable, about the company's model of integrating organic royalty growth with the purchase of royalties. Maurice Jackson: Joining us for a conversation is David Cole, the CEO of EMX Royalty Corp. (EMX:TSX.V; EMX:NYSE.American), the Royalty Generator. What a delight to have you on today, as EMX Royalty has some breakin...Read More
Money manager Adrian Day reviews recent developments at gold and resource companies, noting that "by happenstance, this review includes most of my very favorite long-term resource holdings, all 'buys' at current prices." The royalty and streaming sector had a good 2020, with the business itself quite strong, despite Covid restrictions restraining due diligence on many transactions. Overall, despi...Read More
Lion One Metals reported it continues to register high grade results and is readying a sixth rig to commence drilling at its Tuvatu Gold Project in Fiji. Lion One Metals Ltd. (LIO:TSX.V; LOMLF:OTCQX) announced in a news release the "delivery and mobilization of two new drilling rigs and continued high grade gold results from surface drilling and underground channel sampling programs from the comp...Read More
With XRT sorting, Defense Metals could upgrade the mineralization of feed from Wicheeda and "significantly reduce feed volume." Defense Metals Corp. (DEFN:TSX.V; DFMTF:OTCQB; 35D:FSE) announced in a news release the results of an X-ray transmission (XRT) amenability study on samples of diamond drill core from its Wicheeda project, mineralized with rare earth elements (REEs).The testing, done by t...Read More
The transaction is for Ely Gold Royalties' J&M claim at the Hercules property. In a news release, Ely Gold Royalties Inc. (ELY:TSX.V; ELYGF:OTCQX; I4U:FSE) announced it agreed to sell, through its subsidiary Nevada Select Royalty Inc., one lode mining claim on the Hercules gold property in Nevada's Walker Lane Trend to Northern Vertex Mining for $20,000. Ely Gold will retain its 2% net smelter re...Read More
As you well know the PM complex has been trading at a very important inflection point for the last month or so looking for the next important move either up or down. I can make a case today for either direction but the Chartology is strongly suggesting the next important move is going to be to the downside. In the very short term, days to maybe a week or so we could see some backtesting to many im...Read More
Here are five Fastmarkets stories you might have missed on Thursday March 11 that are worth another look.Europe's proposed Carbon Border Adjustment Mechanism (CBAM) has been approved by a firm majority in the European Parliament and is expected to help to preserve the region's steel supply chain, industry...Read More
Latin American apparent steel consumption rose 15.87% year on year during December, while full-year 2020 figures fell 9.57% from 2019, the region's steel association, Alacero, said on Thursday March 11.Rolled steel consumption reached 6.03 million tonnes in December, up from 5.2 million tonnes a year before, according to the data published by Alacero. During 2020 as a whole, consumption totaled 58...Read More
Here are five Fastmarkets stories you might have missed on Monday March 8 that are worth another look.The supply shortage in the European steel market, which has been driving up domestic prices since late 2020, will persist until the end of this year at the very least, market sources told Fastmarkets.With...Read More
Here are five Fastmarkets stories you might have missed on Thursday March 11 that are worth another look.Europe's proposed Carbon Border Adjustment Mechanism (CBAM) has been approved by a firm majority in the European Parliament and is expected to help to preserve the region's steel supply chain, industry...Read More
Small and medium-size recycling companies would lose their ability to hedge if the London Metal Exchange changes its margin methodology, an executive at metal recycling company European Metal Recycling (EMR) said. According to Murat Bayram, EMR managing director for non-ferrous Europe, the proposed change from a Discounted Contingent Variation Margin (DCVM), which realizes forward profits on the s...Read More
Latin American apparent steel consumption rose 15.87% year on year during December, while full-year 2020 figures fell 9.57% from 2019, the region's steel association, Alacero, said on Thursday March 11.Rolled steel consumption reached 6.03 million tonnes in December, up from 5.2 million tonnes a year before, according to the data published by Alacero. During 2020 as a whole, consumption totaled 58...Read More
Key proposals in the London Metal Exchange's discussion paper will likely weaken the link between metals pricing and the physical market and lead to price distortions, the president of Hong Kong-based trader Global Metals Network Ltd said. These proposals include the permanent closure of the LME ring, the incentivization of electronic trading and a switch in margin methodology, Mark Sellier&n...Read More