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
Well, 2021 looks to be shaping up to be an interesting year.No matter how you slice it, gold has underperformed of late. Yes, 2020 highlighted the power of holding “safer” assets like gold in times of trouble. However, the underperformance in this sector is noticeable.That said, I’m going to highlight why my top pick for this year has to be Kirkland Lake Gold (TSX:KL)(N...Read More
*I shared this article with my Crow's Nest readers this week, but delayed flights, jet lag, and the ravages of Las Vegas left me bereft of the mental energy for a new Outsider Club editorial. Enjoy the free stock pick, my compliments.Dear Reader,I have just returned from a wild trip to the desert in Las Vegas.While I was there, we snapped this picture on an ancient bed of a long-dried-out lake. It...Read More
Warren Buffett’s investment success is shining but not entirely immaculate or spotless. His extensive experience in the investment world consists of achievements, struggles, and missed opportunities. However, the long-time chairman of Berkshire Hathaway had his share of miscues and miscalculations. He is also humble to admit them and take responsibility.In his most recent annual letter to Be...Read More
GameStop stock has surged more than 400% since late last month. Although it is one of the top gainer stocks in 2021, very few have made money with GME stock. The extreme volatility makes it a speculative bet and keeps discerned investors at bay. Long-term investors focus on the company fundamentals and ignore the short-term chaos. Here are four top TSX stocks investors can consider for their long-...Read More
After having a super rally from 2019 to mid-2020, gold prices have pulled back meaningfully from their highs. Specifically, the gold spot price has fallen more than 15% from US$2,050 per ounce to the US$1,732 level.This has caused a selloff of gold stocks, too, from the highs. Gold is one of the traditional inflation hedges that investors use as a way to maintain their purchasing power against inf...Read More
Here are five Fastmarkets stories you might have missed on Wednesday March 17 that are worth another look.The volume of Southeast Asian steel billet available to importers across Asia is on the rise following new capacity upgrades at key suppliers in Indonesia and Vietnam, sources told Fastmarkets.Treatment charges (TCs)...Read More
A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday March 17.Please click...Read More
Keith WeinerPosted Mar 17, 2021By the M0 measure of the money supply, there was a 52% increase between February 2020 and January of this year. This is a graph of M0 going back to 2000.(Click on image to enlarge)There. Proof of the cominghyperinflation.It took centuries to get to $3.4 trillion monetary base, and less than a year to increase it by over half. QED. This is all you need to know!At leas...Read More
Fastmarkets has renamed its China alumina assessment as ex-works (exw) China, from delivered duty paid (ddp) China, effective Wednesday March 17.This corrects a labeling error that had been in place since the launch of the alumina metallurgical grade assessment in September 2006. Current and historical data reflects alumina metallurgical...Read More
A special dividend of US39.6c brought total dividends paid out 2020 to 72.6c - versus 19.8c paid in 2019.Read More
Vancouver, BC - LEAF Mobile Inc. (TSX: LEAF) ("LEAF" or the "Company"), Canada's leading free-to-play mobile game group, announces subsidiary company, East Side Games Inc. ("ESG"), has entered into a multi-year partnership with World of Wonder Productions Inc. ("WOW") for the exclusive mobile game rights to Emmy Award-winning competition series, RuPaul's Drag Race, to develop and publish a new...Read More
Vancouver, BC- Summa Silver Corp ("Summa" or the "Company") (TSXV:SSVR, OTCQB: SSVRF, Frankfurt: 48X)is pleased to announce that it has engaged National Drilling EWP of Elko, NV to carry out drilling at the Company's high-grade silver-gold Hughes Property near Tonopah, Nevada in 2021.Drilling is expected to start in early to mid-April. The focus of the drilling will be to expand on previously r...Read More
Fastmarkets has renamed its China alumina assessment as ex-works (exw) China, from delivered duty paid (ddp) China, effective Wednesday March 17.This corrects a labeling error that had been in place since the launch of the alumina metallurgical grade assessment in September 2006. Current and historical data reflects alumina metallurgical...Read More
The market for ferro-chrome in Europe continued to strengthen during the week to Tuesday March 16, with some producers successfully raising their offer prices and other participants reporting the market to be unmoved.Fastmarkets' price assessment for ferro-chrome, high carbon, 6-8.5% C, basis 65-70% Cr, max 1.5% Si, delivered Europe widened upward by $0.03 per lb Cr, or 1.2%, to $1.15-1.40 per lb...Read More
Bearish sentiment and lower bids for chrome ore in China have followed a period of restocking in southern China, while demand in Inner Mongolia remains muted, according to market participants.Fastmarkets' chrome ore South Africa UG2 concentrates index basis 42%, cif China fell by $8 (4.4%) to $172 per tonne on Tuesday March 16, from $180 per tonne a week earlier.Portside UG2 chrome ore prices have...Read More
An overview of the specialty steel raw materials markets in Europe and their latest price moves.Charlotte Radford, Cristina Belda...Read More
Turkish deep-sea scrap import prices have been weakening recently because of strong supplies, with steelmakers also staying away from the market due to limited steel sales, sources said on Wednesday March 17.The most recent deep-sea bookings occurred at the end of the last week, when two Baltic Sea cargoes were sold at $435-437 per tonne cfr on HMS 1&2 (80:20) basis.Since then, steel mills in Turk...Read More
Japanese steel scrap exporters are facing acute problems in sourcing vessels in which to make shipments, leading to an oversupply of scrap at exporters' yards which in turn is driving down prices, market sources told Fastmarkets on Wednesday March 17.Rising freight rates have been inflating cfr-basis scrap and steel prices across Asia in recent weeks but the situation in Japan is now so severe tha...Read More
ArcelorMittal has launched three new initiatives that will help it meet its net zero commitment, including a $100 million per year investment fund to develop technology that will support and accelerate the transition to net zero carbon steelmaking, the company said on Wednesday March 17. Innovation fund The company aims to deliver on its net zero commitment by 2050 and the $100 million per year "X...Read More
Base metals prices on the London Metal Exchange were mainly firmer on Wednesday March 17, while on the Shanghai Futures Exchange they were weaker across the board. Broader markets were treading water ahead of this evening's US Federal Open Market Committee (FOMC) announcements and press conference. United States 10-year treasuries yields have firmed again to 1.63% EU passenger car registrations ar...Read More