Gregory Mannarino started his financial career working for the securities and trading arm of the now defunct Bear Stearns before the dot-com bubble. He is an active trader of the capital markets and has published several books pertaining to finance, global economics, and equity trading; His most recent book is titled Ultimate Guide To Money and The Markets (free ebook). Gregory currently hosts a b...Read More
UnitedHealth, Pfizer, Travelers Companies, Merck and McDonald's are the only winners in the month of May in the entire Dow 30 Continue...Read More
Russia, Russia, Russia! That's all you heard at the beginning of this Witch Hunt Hoax...And now Russia has disappeared because I had nothing to do with Russia helping Continue...Read More
"The public should be aware of the impact of energy drinks on their body, especially if they have other underlying health conditions," Continue...Read More
For years, gold bulls had speculated that China has been quietly piling up physical gold, awaiting the moment to unveilContinue...Read More
Central banks around the globe have been on a gold buying spree this year, with Russia and China leading the pack.In the first three months of 2019, gold purchases by the country's top banks hit the highest level in six years, as nations diversify their assets away from the US dollar.Global gold reserves, in fact, rose 145.5 tonnes in the first quarter, a 68% increase from a year earlier, based on...Read More
Steel billet prices for imports into Egypt have increased this week on higher offers, while domestic rebar prices have remained unchanged, Fastmarkets heard on Thursday May 30.Fastmarkets' weekly price assessment for steel billet imported into Egypt was $450-455 per tonne cfr on Thursday, unchanged week-on-week.Egypt imposed temporary import duties on steel billet and rebar on April 15, at a rate...Read More
Shares in Ecuador-focused SolGold (LON, TSX:SOLG) took a hit on Thursday, following media reports of a potential referendum on mining in Imbabura, the province in which its flagship Cascabel copper-gold project is located.The company's stock dropped more than 28% in London to 24.26 pence in early morning, but recovered in the afternoon to close at 32p, leaving its market cap at almost 589m pou...Read More
Frank Giustra-backed Fiore Gold (TSXV: F) will invest $2 million on metallurgical test work and resource expansion drilling at its Gold Rock project in Nevada.In a press release, Fiore said that the work is aimed at supporting a Preliminary Economic Assessment targeted for the end of the year, which should lead to a construction decision by mid-2021.The company is planning approximately 10,000 met...Read More
AngloGold Ashanti (JSE:ANG) (NYSE:AU) paid Renaissance Gold (TSX.V:REN) $300,000 to maintain its 100% earn-in option on the Silicon project in Nevada.AngloGold already kicked off a planned 17,000-metre, Phase 2 drill program on the property with one RC and one core rig.If Anglo completes the payments and exercises the purchase option, RenGold would retain a 1% net smelter return royalty on future...Read More
Turkish steel billet prices remained largely unchanged over the past week with market participants generally focused on rebar sales after the US halved its import tariffs, sources said on Thursday May 30.Suppliers in the Commonwealth of Independent States (CIS) were offering billet to Turkey at $440-450 per tonne cfr, but bids from Turkish customers were heard at $430...Read More
The situation and the gold major's proposal are discussed in a Haywood report. In a May 23 research note, Haywood analyst Kerry Smith reported that Barrick Gold Corp. (ABX:TSX; GOLD:NYSE) proposed to acquire the remaining 36.1% interest in Acacia, taking Barrick to 100% ownership, to end the two year-long dispute with the Tanzania government. "The successful resolution would be a positive catalys...Read More
The company's campaigns for its U.S. and Canadian assets are outlined in a ROTH Capital Partners report. In a May 24 research note, ROTH Capital Partners analyst Jake Sekelsky reported that McEwen Mining Inc. (MUX:TSX; MUX:NYSE ) achieved commercial production at Gold Bar in Nevada and announced drill results from its Timmins assets in Ontario. "We expect management to shift focus towards high-va...Read More
These initial results come after two years of preparatory geological work. Liberty Gold Corp. (LGD:TSX) announced in a news release that the first assays from its Black Pine property in Idaho hit significant widths of high-grade, oxide gold mineralization and extended it deeper and along strike into a gap in historical drilling."We are thrilled with the results from the first four holes," CEO Cal...Read More
With this addition, the company will have three Canadian projects in its portfolio. Nexus Gold Corp. (NXS:TXS.V; NXXGF:OTCQB) announced in a news release it agreed to acquire a series of mineral claims in central Newfoundland, commonly known as the Gummy Bear copper-gold project. For Gummy Bear, which consists of seven claims and 2,525 hectares of property, Nexus Gold will issue 4,000,000 common...Read More
Iranian billet producers increased their offers for July-rolling billet this week, in a move to test the market after successful sales to Asia last week and to benefit from price increases in the global market.Billet prices increased in the global market after the United States decision to halve import duties on steel products from Turkey. That move was expected to support demand for Tur...Read More
Monthly European alloy surcharges for stainless steel products will decrease for June after the price of nickel fell over 6% between April 20 and May 20, according to data published by Fastmarkets.The June surcharge for grade-304 cold-rolled stainless sheet is set to decrease to ?,?1,339-1,380 ($1,493-1,539) per tonne for June, a fall of ?,?70-71 per tonne from May surcharge levels, according to d...Read More
Chinese stainless-steel producer Tsingshan Holding Group plans to set-up a cold-rolling mill with an annual capacity of 600,000 tonnes per year in Busan, South Korea, and has submitted letters of intent to the city government and potential business partners, Chinese market sources told Fastmarkets.Domestic suppliers may raise concerns about Tsingshan's plans because South Korea currently consumes...Read More
Stocks backpedaled alongside 10-year bond yields, stirring recession fearsIt was a choppy session for U.S. stocks today, as the Dow erased early gains around midday to turn lower alongside the 10-year Treasury yield -- which is drawing closer to parity with its 2-year counterpart, and raising alarms about a possible yield curve inversion. This development, paired with rising tensions in the U.S.-C...Read More
The Gold Price began 2019 with a continuation of it's strong December 2018 rally towards resistance at $1300 that was soon overcome propelling the Gold price higher to next resistance at $1350 by Mid February. Since when entered into a shallow downtrend all the way to the recent low of $1269. Which is particularly disappointing given that many Gold bugs had pinned hopes on safe haven demand in the...Read More