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
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
Turkish prices for hot-rolled and cold-rolled coil both fell in January 2021, with the market slow to moderate because of decreasing prices globally, Fastmarkets heard on Thursday February 4.The country's HRC producers were fully booked until late April, so most market participants expected prices to show more correction, after the sharp increases in November and December 2020."There was a shortag...Read More
Here are five Fastmarkets stories you might have missed on Thursday February 4 that are worth another look.Brazil-based miner Vale has reached a settlement with local prosecutors to pay 37.7 billion Reais ($7.03 billion) in reparations for the deadly disaster that hit the city of Brumadinho in January 2019, it said...Read More
As extreme marketconditions drive tremendous volatility in silver spot prices,buyers are exerting unprecedented pressures on retail physical bullionproducts.Record-setting buyingvolumes pushed the silver price toward a multi-year breakout on Monday. Silverhit an eight-year high of over $30/oz during the day, closing at $29.41.On Tuesday, however, thesilver market got slammed – along with sto...Read More
Turkish prices for hot-rolled and cold-rolled coil both fell in January 2021, with the market slow to moderate because of decreasing prices globally, Fastmarkets heard on Thursday February 4.The country's HRC producers were fully booked until late April, so most market participants expected prices to show more correction, after the sharp increases in November and December 2020."There was a shortag...Read More
In our globalized economy, currencypairs have a negative correlation with gold, so how does the current EUR/USDsituation impact the yellow metal?It pays to pay attention to what ishappening in Europe. As is well known, there are many currency pairs in theworld, but the most traded one is the EUR/USD. How does that affect you as agold investor? The equation goes something like this: if the economy...Read More
Michael Lillja will join Outokumpu as senior sales director in March, Fastmarkets understands.The chrome market veteran will join the Helsinki-listed stainless steel manufacturer and ferro-chrome producer...Read More
Near the end of 2020, my research team identified trends, pullbacks, and overall upward/downward trends in US major markets as well as those for Gold and Silver. It is time we revisited these early 2021 predictions in relation to what is happening in the markets currently. You can revisit our original publication entitled What To Expect in 2021 Part II – Gold, Silver, and SPY.At the ti...Read More
If you're a close observer of the metals market, you know that the price of silver has taken a tumble during the past several days.Elliott wave analysis was a big help in identifying the price turn, which occurred on Jan. 6.Indeed, here's a chart and commentary from the Jan. 6 issue of our Monday-Wednesday-Friday U.S. Short Term Update, an Elliott Wave International publication which provides near...Read More
Here are five Fastmarkets stories you might have missed on Thursday February 4 that are worth another look.Brazil-based miner Vale has reached a settlement with local prosecutors to pay 37.7 billion Reais ($7.03 billion) in reparations for the deadly disaster that hit the city of Brumadinho in January 2019, it said...Read More
Peter Krauth, the editor of Gold Resource Investor, traces previous gold bull markets and lays out what he believes is in store for the current one.If we want to make intelligent forecasts and decisions about our future, we need to understand not only where we are today, but also how we got here. So, let's look at previous gold bull markets for some insight on what we might expect from this one.Go...Read More
Hot-rolled coil prices in the United States have reached an all-time high, supported by strong demand and extremely tight supply, Fastmarkets has learned.Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $59.23 per hundredweight ($1,184.60 per short ton) on Thursday February 4, up by 2.69% from $57.68 per cwt the previous day and more than double $29.57 per cwt on...Read More
A new sheriff is in in town, and he’s making some rearrangements. Will the new order of things support the price of gold?What a blitzkrieg! Joe Biden certainly wastes no time in signing executive orders. Since inauguration, he introduced several policies, including mandating masks on federal property, in airports and on certain public transportation, and the end of a travel bank on some coun...Read More
Domestic prices for hot-dipped galvanizing coil have been stable in Northern Europe over the week to Wednesday February 3, supported by tight supply, sources told Fastmarkets.Fastmarkets' weekly price assessment for steel hot-dipped galvanized coil domestic, exw Northern Europe was unchanged over the week at ?,?820-840 ($987-1,011) per tonne on February 3.The assessment was based on achievable pri...Read More
Last year felt like apivot point in U.S. history. The pandemic and election left the nationideologically divided.There seem to be onlythree resolutions going forward.America will face anincreasingly authoritarian federal government ruling over a largely apatheticpopulace, the nation will splinter, or leadership will emerge which is somehowcapable of bridging the ideological divide between the Amer...Read More
Gold is suffering a hang-over afterit’s early January highs, while the EUR/USD pair is buckling - so when golddeclines, where will its bottom be?After injecting itself with JanetYellen’s stimulus sentiment, gold came down from its highs on Friday (Jan. 22).And like the GDX ETF, it’s important toput gold’s recent run into context. For starters, gold is stilltrading below its...Read More