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

I will be looking for a long trade around this key support level when tested.Continue...Read More

Aurania Resources' large land package in Ecuador has never been explored with modern methods. Historians know that there were seven Spanish colonial era gold mines in present-day Ecuador, but only five of them have been located. Dr. Keith Barron, chairman and CEO of Aurania Resources Ltd. (ARU:TSX.V; AUIAF:OTCQB), dreams of finding those two "Lost Cities." So far, he hasn't succeeded, but he has...Read More

Irving Resources reported that it has encountered vast amounts of mineralization in shallow depths in the Nanko vein at the Omui Mine Site of its Hokkaido Omu Project. In a news release, Vancouver-based mineral exploration company Irving Resources Inc. (IRV:CSE; IRVRF:OTC) reported "gold and silver assay results from drilling at the Nanko vein target, Omui Mine Site, part of its 100%-controlled O...Read More

Also during the quarter, MAG Silver announces an earn-in project in Utah and establishes an at-the-market equity program. MAG Silver Corp. (MAG:TSX; MAG:NYSE A) presented in a news release the highlights of its Q3/20. Regarding Juanicipio, its flagship joint venture project in Mexico with operator Fresnillo, initial production began there in August 2020 with the development material processed thr...Read More

Turkish steel mills returned to the deep-sea scrap market after three days of silence to book three new cargoes at higher prices, sources told Fastmarkets on Thursday November 19.Two European cargoes and one from the Baltic Sea were traded after three days of market inactivity from the mills.One European origin cargo was booked by a steel mill in the Iskenderun region and comprised 15,000 tonnes o...Read More

"If you want Holocaust denial, hey, Parler is going to be great for you,"Continue...Read More

Ukrainian pellet producer Ferrexpo has sold its first ever blast furnace pellet cargo on Globalore at a premium of $25 per tonne over Fastmarkets' index for iron ore 65% Fe Brazil-origin fines, cfr Qingdao, January average. The 90,000-tonne cargo of 65% Fe blast furnace pellets has a loading laycan of December 18-27. The sale marks increasing transparency in the high-quality blast furnace pellet s...Read More

Turkish domestic, export and import prices for steel billet have all gone up over the past week on increasing scrap costs and strong demand, sources told Fastmarkets on Thursday November 19.Suppliers in the Commonwealth of Independent States (CIS) raised their billet offers to Turkish customers by around $30-45 per tonne to $465-480 per tonne cfr, with one deal being made around $460 per tonne cfr...Read More

CIS steel billet producers have continued to raise their offer prices, tracking the strength of the international scrap market, with demand seen mostly in Southeast Asia, sources told Fastmarkets on Thursday November 19.Fastmarkets' daily steel billet index, export, fob Black Sea, CIS, was calculated at $444 per tonne on Thursday, up by $1 per tonne day on day.The index has risen by $19 per tonne...Read More

The world's largest trade deal, the Regional Comprehensive Economic Partnership (RCEP), could result in India losing its share of the Asian steel market, sources told Fastmarkets this week."It is likely that steel mills in Southeast Asia will benefit from the RCEP trade deal, and India will lose market share in Asia," a Chinese trader told Fastmarkets.The RCEP was signed by China, the 10 member co...Read More

            It was only afterhe entered politics that President Donald Trump began to fully grasp the bias, dishonesty,and fakeness that runs throughout the so-called mainstream media.Butgold bugs and sound money advocates have long known to distrust the reportingof establishment news sources.Journalists’anti-gold and anti-Trump biases c...Read More

Peter Krauth explains why he believes gold is the best COVID insurance policy. Bailouts and stimulus are not the best solution to the Covid pandemic.What is? Possibly…insurance.I know it's far from perfect, but I think it could still be the best overall option.On some level, it's surprising that the role of insurance has gotten so little attention in this crisis.After all, us and future gen...Read More

Gold Stocks remain in a correction, even if the October 29 lows continue to hold into December. Corrections are a function of price and time, and often in this sector, a correction can continue in terms of time, well after a low in price is made. But I digress.The most significant and most consistent moves to the upside usually occur after a crash or after a major breakout. Gold and silv...Read More

A summary of German industrial group Thyssenkrupp's results for the financial year October 1, 2019, to September 30, 2020.In brief Thyssenkrupp's full-year results were significantly affected by the fallout from the Covid-19 pandemic. In the eurozone, economic output recovered in the third quarter of 2020, after the measures to contain Covid-19 were eased in most countries. But it was expected to...Read More

The world's largest trade deal, the Regional Comprehensive Economic Partnership (RCEP), could result in India losing its share of the Asian steel market, sources told Fastmarkets this week."It is likely that steel mills in Southeast Asia will benefit from the RCEP trade deal, and India will lose market share in Asia," a Chinese trader told Fastmarkets.The RCEP was signed by China, the 10 member co...Read More

In Part I of this research article I highlighted the incredible rally in Gold related to a 2020 Anchor point and how that rally in Gold compared to the QQQ and SPY.  In this second Part I am going to highlight the price appreciation in the QQQ and SPY in comparison to Gold since 2009.  It is important to understand how the equities/stocks have rallied in comparison to Gold because the ra...Read More

Companhia Sider??rgica Nacional (CSN) has resumed operations on the No2 blast furnace at its Usina Presidente Vargas (UPV) unit in Brazil's southeastern Volta Redonda city, the steelmaker said on Thursday November 19.The Brazilian steelmaker decided to idle the equipment - which has capacity to produce 1.50 million tonnes per year of crude steel - in May, when demand for steel hit...Read More

The closure of Thyssenkrupps's heavy plate unit is very likely considering the company has received zero interest during the bidding process for its sale, the company said on November 19. German industrial group Thyssenkrupp is going through a restructuring and in May this year, it said it was examining whether to sell or close its heavy steel plate production sites.In its annual report for the fi...Read More

The world's largest trade deal, the Regional Comprehensive Economic Partnership (RCEP), could result in India losing its share of the Asian steel market, sources told Fastmarkets this week."It is likely that steel mills in Southeast Asia will benefit from the RCEP trade deal, and India will lose market share in Asia," a Chinese trader told Fastmarkets.The RCEP was signed by China, the 10 member co...Read More

Here are five Fastmarkets stories you might have missed on Thursday November 19 that are worth another look.Commodity traders have long forecast that there would be consolidation in their own industry, and in some of the world's biggest centers for metals business that has already...Read More