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
"According to the Census Bureau American Housing Survey, 32% of renters reported that they would move in with friends or family members upon eviction, which would introduce new household members and potentially increase household Continue...Read More
The United States government has shoveled itself into a $28 trillion hole. How does it plan to Continue...Read More
Asia will soon be hit by a "steel tsunami", a veteran trader in Vietnam told Fastmarkets recently, with a combination of factors expected to keep prices high into the second and third quarters of 2021.Looming China export rebate cutThe looming export rebate cut in China, possibly from 13% to 9%, is likely keep prices higher in the coming months, he said."We are already seeing this effect now, with...Read More
The transaction and the implications for Troilus Gold are discussed in a Haywood Securities report. In a March 23 research note, Haywood Securities analyst Pierre Vaillancourt reported that Troilus Gold Corp. (TLG:TSX; CHXMF:OTCQB) agreed to acquire, for CA$19 million in an all-share deal, all of the shares of UrbanGold Minerals Inc. (UGM:TSX.V) that it does not already own. The transaction is ex...Read More
Sector expert Michael Ballanger sings the praises of rural life and of two of his holdings, Getchell Gold and Norseman Silver. In early January, I decided that the extra pounds I was carrying around was a definitive mortality check for any sexagenarian lucky enough to be in generally good health, but sufficiently slovenly and undisciplined to allow such to happen. So, with great and good intentio...Read More
A maiden resource estimate is in progress for Liberty Gold's Black Pine project. Three Liberty Gold Black Pine DiscoveriesLiberty Gold Corp. (LGD:TSX; LGDTF:OTCQB) announced in a news release the results of the final 35 reverse circulation (RC) drill holes placed at its Black Pine oxide gold property in Idaho."We are happy to finalize all of the RC drilling from the 2020 program, which was highly...Read More
Grande Portage Resources reported that recently received assay results confirm the expansion of the mineralized zones to the east and at depth at its Herbert Gold Project in S.E. Alaska. In a news release, gold exploration company Grande Portage Resources Ltd. (GPG:TSX.V; GPTRF:OTCQB; GPB:FSE) announced "the remainder of the assay results from its 2020 drilling program on the Herbert Gold Project...Read More
Newrange Gold makes this move at Pamlico after interpreting the induced polarization survey recently completed there. Newrange Gold Corp. (NRG:TSX.V; NRGOF:OTCQB) announced in a news release it expanded its property at its Pamlico project in Nevada based on the broadened induced polarization (IP) survey there showing anomalous chargeability outside the original boundaries. "The new IP survey has...Read More
Bob Moriarty of 321gold speaks to Maurice Jackson of Proven and Probable about his book chronicling Novo Resources' adventures in Australia, and he also discusses a handful of junior miners on his radar screen. Maurice Jackson: Joining us for our conversation is Bob Moriarty, the founder of 321gold and 321energy.com. Sir, in my hands, I have the Inside Story on the Greatest Gold Discovery in Hist...Read More
In Europe, ferro-silicon suppliers will be targeting ?,?1,600 per tonne in the next few weeks after the market hit ?,?1,550 ($1,828) per tonne on Friday March 26 for the first time since April 2018 in a recent resumption of a longer-term uptrend since last August when prices were as low as ?,?860 per tonne, sources said.Producers are almost all sold out for deliveries between April and June and ar...Read More
Peter Krauth, editor of Gold Resource Investor, looks at the Fed's actions and what they augur for gold. This week Fed Reserve Chair Jerome Powell spoke at the "Innovation Summit" hosted by the Bank for International Settlements.During his talk, he dissed Bitcoin and cryptocurrencies saying they were "…highly volatile and therefore not really useful stores of value, and they're not backed b...Read More
Both Powell and Yellen testified before Congress. They sounded upbeat on the U.S. economy, but gold’s reaction was weak.What a combo! Both Fed Chair Jerome Powell and the U.S. Treasury Secretary Janet Yellen testified before Congress this week. They spoke about the economic response to the economic crisis caused by the Covid-19 pandemic and the Great Lockdown .In his prepared remarks , Powel...Read More
Cadence Minerals has started the shipment of iron ore from stockpiles at its joint venture Dev Minera????o's, in Brazil's northern Amap?? state, the company said on Monday March 29.The shipment, which is the first since the site was closed in 2015, is for 45,000 tonnes of iron ore that due to sail this week. Fastmarkets' index for iron ore 65% Fe Brazil-origin fines, cfr Qingdao was calculate...Read More
Here are five Fastmarkets stories you might have missed on Monday March 29 that are worth another look.Asia will soon be hit by a "steel tsunami," a veteran trader in Vietnam told Fastmarkets recently, with a combination of factors expected to keep prices high into the second and third quarters of 2021.Fastmarkets' premium for...Read More
Cadence Minerals has started the shipment of iron ore from stockpiles at its joint venture Dev Minera????o's, in Brazil's northern Amap?? state, the company said on Monday March 29.The shipment, which is the first since the site was closed in 2015, is for 45,000 tonnes of iron ore that due to sail this week. Fastmarkets' index for iron ore 65% Fe Brazil-origin fines, cfr Qingdao was calculate...Read More
CIS producers of steel rebar and wire rod have continued to give discounts to foreign customers amid increased competition, particularly with Turkish suppliers, which reduced prices in the week ended March 26 amid falling scrap costs and a depreciation of the Turkish lira.Wire rod offers from Russia were heard on Monday March 29 within the range of $670-685 per tonne fob Black Sea, depending on su...Read More
Domestic prices for steel hot-rolled coil increased substantially across Europe over the week to Friday March 26 while transaction prices in Northern Europe have reached a new multi-year high.Following a rise in transaction prices, ArcelorMittal pushed its official offers for HRC to ?,?900 ($1,061) per tonne ex-works, an increase of ?,?50 per tonne over its previous offers in Northern Europe, and...Read More
Here are five Fastmarkets stories you might have missed on Monday March 29 that are worth another look.Asia will soon be hit by a "steel tsunami," a veteran trader in Vietnam told Fastmarkets recently, with a combination of factors expected to keep prices high into the second and third quarters of 2021.Fastmarkets' premium for...Read More
Asia will soon be hit by a "steel tsunami", a veteran trader in Vietnam told Fastmarkets recently, with a combination of factors expected to keep prices high into the second and third quarters of 2021.Looming China export rebate cutThe looming export rebate cut in China, possibly from 13% to 9%, is likely keep prices higher in the coming months, he said."We are already seeing this effect now, with...Read More
The silver short squeeze is still ongoing and will only pick up momentum in 2021...James Anderson with Jason Burack of Wall St For Main StJason Burack of Wall St for Main St interviewed returning guest, content manager at SD Bullion and former managing sales director at GoldSilver, James Anderson.During this 40+ minute interview, Jason asks James about supply problems for physical silver, premiums...Read More