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
Africa-focused gold miner Centamin (LON:CEY) (TSX:CEE) said Friday that drilling activities at its Doropo licence in C??te d'Ivoire resulted in more than double the mineral resources estimated for the area, which remains largely underexplored, with numerous targets identified.The Doropo mineral resource grew to 2.13m ounces at 1.31 grams per tonne of gold in the indicated category, up 58% from la...Read More
People who assumed the Fed, along with the rest of the government, would cave the minute the financial markets got a little choppy turned out to be right. A couple of bad months Continue...Read More
Monarch Gold (TSX: MQR) resumed diamond drilling at its wholly-owned Croinor Gold property, where activities were suspended following a winter freeze that affected Quebec's Val-d'Or region.In a press release, the Canadian company said the purpose of the current 1,750-metre campaign is to finish the 2018 drilling program and to drill high potential targets.Monarch said that before it was suspended,...Read More
In the land of the Federal Reserve and its market-manipulating mechanisms, there's now an unofficial market term called the "Powell Put" or the "Powell Pivot."Continue...Read More
Want to keep up with what's going on in Washington without the liberal media slant, establishment spin, and politician-ese?Sign up to get Blaze Media's Capitol Hill Brief in your inbox every morning! It's free!Continue...Read More
"They owe the Federal Government three and a half billion dollars. We want that money back now. Whole project is a 'green' disaster!"Continue...Read More
Russian authorities and major telecom operators are preparing to disconnect the country from the world wide web as part of an exercise to prepare for future cyber attacks, Continue...Read More
Jordan Roy-Byrne, Founder of The Daily Gold shares his insights on how the US markets and USD are holding the PM prices in check. He outlines what needs to happen for gold to break to the upside. We also spend some time on the gold to US markets and gold to silver charts.Jordan Roy-Byrne, CMT is a Chartered Market Technician and member of the Market Technicians Association.. He is the publisher an...Read More
China's domestic rebar prices maintained their downward trend on Friday February 15 amid little market activity. Domestic Eastern China (Shanghai): 3,700-3,750 yuan ($546-554) per tonne, down 30-50 yuan per tonneNorthern China (Beijing): 3,790-3,830 yuan per tonne, widened down 10 yuan per tonneLosses in the futures market led to bearish sentiment on the spot market. Buyers cut...Read More
The price of austenitic alloy steel scrap imported into Europe decreased on Friday February 15 because of lower nickel prices, Fastmarkets has heard.The price of 18/8 steel scrap solids imports was assessed on Friday at ?,?1,000-1,040 ($1,128-1,173) per tonne cif, narrowing downward by ?,?10 per tonne.The modest scale of the price change was related to the fact that nickel prices only began decrea...Read More
Pig iron buyers in the United States have resumed purchases at higher prices, Fastmarkets learned on Friday February 15.Fastmarkets' import price assessment for pig iron in the US was at $355-360 per tonne cfr on Friday February 15, narrowing upward by $5 per tonne week on week.One deal for pig iron from the Commonwealth of Independent States was heard around $355 per tonne cfr early in the w...Read More
Domestic prices for ferrous scrap in Italy moved up in February following the positive trend settled in the international scrap markets, sources told Fastmarkets on Friday February 15.Fastmarkets' monthly price assessment for domestic grade E3 scrap in Italy was ?,?270-290 ($306-327) per tonne delivered on Friday February 15, compared with ?,?260-280 per tonne delivered in January."The upward tren...Read More
Stock buyers applauded seemingly upbeat trade talksThe Dow rallied today for a huge win, thanks to hopes that U.S.-China trade talks are on the right course. Wall Street was undisturbed by President Donald Trump declaring a national emergency to gain funds for a border wall, as the Nasdaq and S&P 500 rose, as well. Bank stocks were some of the biggest advancers, helping guide the Dow and the Nasda...Read More
Indian domestic secondary billet prices have increased by at least 500 rupees ($7) per tonne over the past week, mainly on rising prices for finished products such as rebar, Fastmarkets heard on Friday February 15.The Indian domestic secondary billet price assessed by Fastmarkets on February 15 was 34,300-34,500 rupees ($483-486) per tonne ex-mill, up by 500 rupees per tonne compared with 33,800-3...Read More
The stocks are sitting out today's rally in the broader equities marketStocks are looking to extend their weekly win streaks on positive U.S.-China trade news. Among individual names making notable moves are Sharpie maker Newell Brands Inc (NASDAQ:NWL), online car-shopping specialist TrueCar Inc (NASDAQ:TRUE), and cloud concern LogMeIn Inc (NASDAQ:LOGM), which are are all near the bottom of the Na...Read More
Section 232 tariffs on aluminium and steel raised $3.6 billion in their first nine months, and revenues for the last two months are likely to push that figure up by around another $1 billion, US government data shows.That figure would be enough to cover the shortfall in funding sought by United States President Donald Trump for border security. In other words, aluminium and steel tariffs could fun...Read More
On Tuesday zinc inventories in London Metal Exchange (LME) warehouses sunk into territory that one metal analyst believes could signal a major price kick for the base metal, used mostly for galvanizing steel to prevent corrosion. The one-year chart below shows LME inventories falling steadily, touching the 108,425-tonne mark as of Feb. 11 - a 52-week low. It’s a long way from the annual high...Read More
COT SPECIAL PUBLICATION SCHEDULE Reminder -- Due to the U.S. Government Shutdown (February 1 Announcement) The last COT report was published on December 21, 2018. Reports going forward from that date will be published in chronological order beginning with the report previously scheduled for release on Friday, December 28, 2018 (based on data from Monday, December 24, 2018). The CFTC publ...Read More
The Nasdaq is eyeing its longest weekly win streak since 2016The Dow Jones Industrial Average (DJI) is pacing for yet another weekly win, which would mark its eighth in a row -- and its longest win streak since late 2017. Stocks reacted positively to signs of progress on U.S.-China trade talks, as well as a spending bill to avoid another government shutdown in Washington, D.C. President Donald Tru...Read More
The world’s two biggestgold miners both announced mega-mergers over the past 5 months or so. These huge deals briefly garnered someinterest in the usually-forgotten gold-stock sector, and fleeting praise fromWall Street analysts. But gold-stockmega-mergers are bad news for gold-miner shareholders on all sides. They reveal the serious struggles of majorgold miners, and reall...Read More