OK. New York City can't pay its bills and politicians think chasing Amazon out of town because they wanted a $3 billion tax break actually saved $3 billion when Continue...Read More
"First they laugh at you, then they fight you, then... they admit you were right all along and maybe shouldn't have been violating everyone's rights in the first place?Continue...Read More
The Great Financial Unknown is now upon us. After 10 years of Quantitative Easing, the European Central Bank (ECB) in Europe owns 40% of the national debts in the EU and itContinue...Read More
Lobo Tiggre, principal analyst of The Independent Speculator, maintains his long-term bullish stance on both gold and silver.Read More
China's domestic rebar prices were stable on Friday April 26 asrestocking demand ahead of next week's four-day holiday offset weaker futures. Domestic Eastern China (Shanghai): 4,050-4,100 yuan ($601-608) per tonne, unchangedNorthern China (Beijing): 3,950-4,000 yuan per tonne, unchangedRebar futures were weaker today, with the settlement price of 3,733 yuan per tonne 11 yuan per tonne l...Read More
"The gasoline prices are coming down. I called up OPEC. I said, 'You've got to bring them down. You've got to bring them down,' and gasoline's coming down," Continue...Read More
1) "We are at war with Russia" is one of the most dangerous (and deranged) proclamations a political official can issue: here's the head of the DNC doing that; 2) Note howContinue...Read More
The precious metals continue to face two primary headwinds: a lack of risk aversion and a strong dollarContinue...Read More
Mish Shedlock challenges Max Keiser's assertion that bitcoin and gold are equalsContinue...Read More
India is currently holding its Lower House general elections and Fitch's Solutions' Country Risk team expects Prime Minister Narendra Modi's National Democratic Alliance, led by the Bharatiya Janata Party (BJP), to win the most number of seats, but fall short of a simple majority in the Lower House.Under this scenario, Fitch forecasts in its latest industry trend analysis, India's mining sector wo...Read More
Sibanye Gold Ltd. agreed to raise its all-share offer for platinum miner Lonmin Plc, citing an increase in metal prices since the deal was announced in December 2017.The increase should help bolster support from Lonmin investors, who still need to vote on the takeover. It also signals Sibanye boss Neal Froneman's determination to get the deal done, as the company needs access to Lonmin's metal-pro...Read More
The price range of grade-304 stainless steel cold-rolled (CR) sheets in Europe widened upward on Friday April 26, with some mills in the region successfully seeking higher prices but others seeming to be content with the prices achieved earlier in the month, market participants told Fastmarkets.A distributor explained that it has bought from higher-priced mills as well as lower-priced ones partly...Read More
JOHANNESBURG - South Africa's militant AMCU union said on Friday that it was complying with the country's labour laws, disputing a government notice which said it could be de-registered for breaking rules governing how unions should operate.The Association of Mineworkers and Construction Union (AMCU), one of the largest trade unions in South Africa's mining sector, has thousands of members at mine...Read More
This precious metals firm continues its exploration efforts at its South Pacific island asset. Lion One's Tuvatu Gold ProjectLion One Metals Ltd. (LIO:TSX.V; LOMLF:OTCQX) started drilling at its Tuvatu project in Fiji, it announced in a news release. The drill campaign will "test shallow dipping lodes in the HT Corridor, a mineralized zone crosscutting the principal vein system of the Tuvatu res...Read More
Monthly European alloy surcharges for stainless steel products have increased for May due to the euro's weak position against the dollar, Fastmarkets heard on Friday April 26.The May surcharge for grade-304 cold-rolled (CR) stainless sheet has increased to ?,?1,410-1,450 ($1,571-1,616) per tonne, a gain of ?,?20-23 per tonne from April levels, according to data released by Outokumpu, Acerinox and...Read More
Consistent with the firm's strategy, this new asset is at or near a producing mine with a quality operator. Ely Gold Royalties Inc. (ELY:TSX.V; ELYGF:OTCQB) announced in a news release it agreed to acquire for CA$750,000, from a private person, all of the rights and interests to a 1% net smelter return (NSR) royalty on Coeur Mining's Lincoln Hill property. The transaction is expected to close on...Read More
Gregory Beischer, president and CEO of Millrock Resources, speaks with Maurice Jackson of Proven and Probable about the strategic investment his company just received. Maurice Jackson: Joining us today is Gregory Beischer, the president, CEO, and a director of Millrock Resources Inc. (MRO:TSX.V; MLRKF:OTCQX), a premier project generator. Mr. Beischer, welcome to the show. Gregory B.: Thanks very...Read More
China's leading stainless steel mills - Taiyuan Iron & Steel (Tisco), Tsingshan Group and Baosteel - have released their May tender prices for high-carbon ferro-chrome this week, which are 50 and 200 yuan ($7.40 and 29.70) per tonne lower month on month. Tisco announced its May tender price for high-carbon ferro-chrome at 6,900 yuan per tonne on Wednesday April 24, a drop of 50 yuan per tonne from...Read More
If the United States places import tariffs on cars produced in Germany it could trigger an economic slowdown in Germany, corporate audit director of Czech steel distributor Ferona, Jan Moravec, said at Eurometal's Regional Meeting in Central Europe held in Prague on April 25.One of the major risks to the German steel industry is the import tariffs in the United States, Moravec said.Tariffs on impo...Read More
As always, most analysts focus not on what they really should. After March FOMC meeting, everyone was talking about the more dovish dot-plot. But the Fed also announced that it will end the unwinding of its balance sheet in September. As these changes are revolutionary and may entail potentially huge consequences for the precious markets, we invite you to read our today’s article about the n...Read More