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

Bob Moriarty ArchivesSep 23, 2019Since the “attack” on the Saudi oil facilities some important details have been filled in, much like a paint-by-number oil. Certainly we have sufficient information to make reasonable guesses as to what really took place just over a week ago on the 14th of September.We are told an attack by drones/cruise missiles took out half of Saudi Arabia’s oi...Read More

Here are five Fastmarkets MB stories from Monday September 23 that are worth another look.China has announced a fourth round of copper scrap import quotas to allow an extra 31,658 tonnes of copper scrap into the country by the end of 2019, the environmental ministry said on September 23.Faced with high and increasing emissions costs during a period of challenging market conditions, the steel indus...Read More

US and Chinese negotiators held "productive" talks late last week, Bloomberg reported, with China's planned US farm visit cancelled at the US's request for separate reasons, according to people familiar with the matter.Spot gold was above US$1,516 an ounce on the spot market earlier and silver is about $18.25/oz, as geopolitical tensions simmer following the recent attack on Saudi oil facilities.M...Read More

The nickel grade at what Giga already describes as one of the "largest undeveloped nickel-cobalt sulphide deposits in the world" has increased 3.5% and contained nickel grew 28.3%.The measured and indicated resource now comprises 1.07Bt at 0.22% nickel for 5.2 billion pounds and 0.013% cobalt for 312.4 million pounds, while inferred stands about 5.5Blb nickel and 327Mlb cobalt.Giga has cited a lon...Read More

The market for low carbon ferro-chrome (0.10% C) in Europe rose on Friday September 20, indicating that prices had bottomed-out at a historic low level, with demand remaining subdued. Rise in low- and high-carbon alloy prices in Europe Spot alloy prices firm in China on higher Tisco tender price Imported alloy price in China steady Imported chrome ore prices stable US alloys fall amid weak demand....Read More

2019 Drill Program Results Will Form Part of the Company's Pre-Feasibility StudyDrill Program Follows Successful Funding to Advance PFS WorkCompany hosts Senator Murkowski at Graphite One Facility in Nome, AlaskaVancouver, BC - Graphite One Inc. (TSX-V:GPH | OTCQX:GPHOF) ("Graphite One" or the "Company") announced today that it has commenced its 2019 Drilling Program (the "2019 Drilling Pro...Read More

First Quantum, owner of Kansanshi copper mine, is in discussions to sell part of its stake in Zambian copper assets to leading Chinese copper producer Jiangxi Copper, the miner said on Monday September 23. The Toronto-listed miner said the potential sale of a minority interest in its Zambian copper asset is ongoing and no transaction has been agreed at this stage. It did not disclose which asset i...Read More

Key data from the pricing sessions in London and Shanghai in the week ending Friday September 21.ChinaKey drivers The price paid for silicon in China decreased in the week to September 21 after suppliers cut offer prices, with one deal reported done at $1,370 per tonne.The weak domestic market in China provided another headwind to the export market. Some domestic refiners sold grade-553 silicon at...Read More

U.S. Overnight Repo Rate Source: www.tradingeconomics.com , www.stlouisfed.orgAs expected, the Fed cut the key banking rate another quarter point this past week to 1.75%-2.00%. It is the second cut this year. Expectations by many are for one more, but there are many who expect the Fed to be done for the year. The Fed as usual was ambiguous. If there is one more, we would not expect it to happe...Read More

Sept. 20th, 2019(S14-E714)Featured GuestsMichael Pento& Bob HoyePlease Listen HereInterview Recap.Bob Hoye, Editor & Chief Investment Strategist of Bob Hoye.com rejoins the show with insights on US Fed.Bob Hoye draws parallels between the declining yield curve today and that of the Great Depression.The global economy could enter an intractable downturn, beginning with a financial market declin...Read More

By: Avi GilburtThe pundits and the media were debating for several weeks leading up to the last Fed meeting about what the Fed was going to do and the effect they thought it would have on the market. And, it amazes that the great majority of the market does not realize how much of a waste of time these debates really are. But, as I often note, many market participants and analysts are simply...Read More

Key data from the pricing sessions in Asia and Europe in the week to Friday September 20.ChinaKey drivers The price for antimony, MMTA standard grade II, ddp China, continued to rise in response to some domestic suppliers' raising offer prices a step further on resumed buying interest.Some domestic antimony consumers returned to the market for replenishment for fear of more rounds of price rises i...Read More

StrengthsThe best performing metal this week was silver, up 3.16 percent, as gold rebounded this week. As gold was set for a small weekly gain for the first week in four, traders were mostly bullish or neutral on bullion's trajectory in the weekly Bloomberg survey. Palladium, however, rallied as much as 1.8 percent to a record $1,648.65 an ounce for its best run since 2012 with seven weeks of...Read More

RambusTonight I would like to start out by looking at the old ratio combo chart that has the GOLD:XAU ratio chart on top with the XAU on the bottom. I'm not going to go over all the details the ratio combo chart has, only to emphasize the 20 year 6 point parabolic arc which shows how gold had been outperforming the XAU until the small double top at 24.33 in late 2015. When the parabolic arc was...Read More

By: Ira EpsteinGold turning over? Market is confused from Friday's Chinese news..Read More

Turkish steel mills were still booking deep-sea scrap at stable prices at the start of the week while negotiations for further transactions continued, sources said on Monday September 23.A steel producer in the Iskenderun region booked a US cargo, comprising 22,000 tonnes of HMS 1&2 (80:20) at $233 per tonne, 4,000 tonnes of shredded at $238 per tonne and 4,000 tonnes of bonus at $243 per tonne cf...Read More

China has announced a fourth round of copper scrap import quotas to allow an extra 31,658 tonnes of copper scrap into the country by the end of 2019, the environmental ministry said on Monday September 23. The latest quota, permitting less shipments than in the previous three releases, brings the total volume of copper scrap imports allowed into the country in the second half of 2019 to 484,767 to...Read More

Turkish domestic scrap prices have gone down over the past week in response to the downturn in imported scrap values, sources said on Monday September 23.Fastmarkets' weekly price assessment for steel scrap, auto bundle scrap, domestic, delivered Turkey, was TRY1,340-1,450 ($233-252) per tonne on Monday, down from last week's TRY1,400-1,575 per tonne.Following the decline in imported scrap values,...Read More

TIMMINS - Ontario's government is continuing to promote tourism in the province and supporting the francophone community in Timmins.Today, Greg Rickford, Minister of Energy, Northern Development and Mines, announced Centre culturel La Ronde is receiving $1 million through the Northern Ontario Heritage Fund Corporation (NOHFC) to build a new, modern 12,000-square-foot building on the site of its fo...Read More

Oil prices opened this week cooling off as the market digests reports that Saudi Arabia has already restored production to over 75% of capacity and will return to full output as early as next week following the drone attack on the nation's facilities on September 14.The strike on the Abqaiq and Khurais facilitates (some of the largest in the world) started massive fires and reportedly caused major...Read More