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
Kalo Gold is a new company developing a 36,000-hectare property in Fiji. Kalo Gold (KALO:TSX.V) has "District Scale Potential," which is to say it is large (100 X bigger than NYC's Central Park), contains 158,000 inferred historical ounces of gold and is 98% unexplored.Since Kalo began trading six weeks ago, gold has gone down USD $100/ounce, while Kalo's stock price has doubled. On March 21, 202...Read More
In conversation with Maurice Jackson of Proven and Probable, Michael Thompson, the CEO of Kesselrun Resources, describes his company's "blue-sky potential." Maurice Jackson: Joining us for conversation is Michael Thompson, the CEO of Kesselrun Resources Ltd. (KES:TSX.V). It's a pleasure to be speaking with you today to share the opportunity before us in Kesselrun Resources. Before we delve into c...Read More
Brazil's domestic steel rebar price rose again in April following an average 15% increase announced by mills, market participants said.Fastmarkets assessed the price for steel reinforcing bar (rebar) domestic, monthly, delivered Brazil at 5,630-5,700 Reais ($1,006-1,019) per tonne on Friday April 9, up by 17.53% from 4,740-4,900 Reais per tonne a month earlier.New offers were mostly reported withi...Read More
Automotive manufacturer Volvo Group and Swedish steelmaker SSAB have signed a collaboration agreement for the research, development, serial production and commercialization of the world's first vehicles to be made of fossil-free steel, the companies said on Thursday April 8. Volvo plans to start the production of concept vehicles and components produced from steel made by SSAB using hydrogen this...Read More
Automotive manufacturer Volvo Group and Swedish steelmaker SSAB have signed a collaboration agreement for the research, development, serial production and commercialization of the world's first vehicles to be made of fossil-free steel, the companies said on Thursday April 8. Volvo plans to start the production of concept vehicles and components produced from steel made by SSAB using hydrogen this...Read More
It’s tempting to say that miners areshowing strength compared to gold based on the GDX’s performance, but othermining proxies say otherwise.Just because a house is standing doesn'tmean its foundations are solid, and that's exactly the case with the miners.There’s one extra thing that I would liketo point out about mining stocks’ technical picture today (Apr. 8), and that&rs...Read More
After Brexit, there has been a growing number of voices within the European Union and among various nationalistic groups arguing that English should be replaced as the official language since now only Ireland and Malta retain English.The loudest quarter calling for a change has come from the French who, not surprisingly, want their own tongue to become the lingua franca of the EU. Eric Zemmo...Read More
Dear reader,Almost exactly a year ago, oil prices went negative $40.Today, with crude trading at $60, you're hearing lots of opinions as to what's next."Electric car revolution" ... "reopening economy" ... "end of commute" ... "start of travel season" ... bullish ... bearish ... who's right? ... who's wrong?We get the challenge -- and our friends at Elliott Wave International are ready to offer yo...Read More
Years of neglecting its critical metal supplies is catching up with the United States, as demand for the raw materials needed to build a new green economy that rejects fossil fuels gears up.US President Joe Biden just announced a $2.3 trillion infrastructure spending package aimed partially at shifting the US transportation system from gas and diesel-based to battery-powered, and more support for...Read More
Brazilian iron ore pellet producer Samarco, a 50:50 joint venture between Vale and BHP, on Friday April 9 filed a petition for bankruptcy protection under a Brazilian court as a "last resort" to restructure its liabilities, both parent companies said.Samarco filed the petition in a commercial court in Brazil's southeastern Minas Gerais state. If the petition is accepted by the presiding judge, act...Read More
Longtime gold bashers are gloating over the precious metal’srecent price slump. Gold prices havedeclined more than 10% in the first quarter of 2021.But the perma-bears shouldn’t feel vindicated. After all, anyonewho heeded their advice missed out on gold’s record run in 2020 – and on manyyears of outperformance since 2001.While gold bugs are often accused of havin...Read More
Aluminium billet premiums across the globe were at multi-year or all-time highs on Friday April 9 due to supply tightness, logistics issues and firm demand.EuropeBillet premiums in Europe continue to rise, with sellers increasing their offers and supply exceptionally tight. Fastmarkets assessed the aluminium 6063 extrusion billet premium, ddp North Germany (Ruhr region) at $750-800 per tonne on Fr...Read More
Biden just announced an ambitious and expensive infrastructure plan. Will it rebuild gold?Yesterday (Mar. 31), President Joe Biden announced the big infrastructure plan , the second major legislative initiative after the $1.9 trillion coronavirus relief plan passed in early March. The proposal includes about $2.2 trillion in new spending over eight years, boosting government expenditures even furt...Read More
The South American flat-rolled steel import market strengthened during the week ended Friday April 9, with clients accepting what little material was available from China and other origins at higher prices."Customers on the South American Pacific coast seem to be increasingly anxious that they may not be able to receive firm offers for June shipment from Chinese mills [and] already started to acce...Read More
Peter Krauth, editor of Silver Stock Investor, discusses the macroeconomic environment for silver and why he is embracing the metal's volatility. Being a silver investor over the last few weeks has become more psychologically challenging.That's true even for us die-hard silver enthusiasts.After all silver had a standout 2020, having gained about 47% in its best year since 2010. That easily outpace...Read More
Confirmed, unconfirmed, verified, andinvalidated: breakouts and breakdowns are now ubiquitous. And the implicationsare bearish for gold.Let’s start today’s analysis with adiscussion of the key market that everyone is interested in – gold.Gold’sFailed Breakout – A Sell Sign In short, gold just invalidated its smallbreakout above the declining blue resistance line. The...Read More
Brazil's domestic steel rebar price rose again in April following an average 15% increase announced by mills, market participants said.Fastmarkets assessed the price for steel reinforcing bar (rebar) domestic, monthly, delivered Brazil at 5,630-5,700 Reais ($1,006-1,019) per tonne on Friday April 9, up by 17.53% from 4,740-4,900 Reais per tonne a month earlier.New offers were mostly reported withi...Read More
The Gold Miner correction was well earned, but it was not a bubbleEven today there is some pablum out there talking about how if inflation is good for gold it is especially good for gold miners. I will simply repeat once again that if gold usually does not benefit fundamentally by cyclical inflation (i.e. inflation promoted for and currently working toward economic goals) the gold miners never do,...Read More
The US dollar is the world’s reserve currency. That isn’t likely to change anytime soon.All currencies are substitutes for real money, i.e. gold. And because all governments inflate and destroy their own currencies, any potential alternatives to the US dollar are as bad or worse.That doesn’t stop the dollar bashing, of course. In a general long-term sense, the condemnation...Read More
The federal government isspending and redistributing newly created cash so rapidly, it’s becomingdifficult to keep track of which trillions are going where.This week, President JoeBiden will pitch a $3 trillion “green” infrastructure package. That’s on top ofthe $1.9 trillion economic “relief” bill he recently signed into law.Next month, Biden isexpected to roll...Read More