Demand for imported steel scrap in South Korea has continued to rise despite the closure of an electric-arc furnace (EAF) in the country and a sharp jump in prices from key supplier markets, sources said on Thursday October 14.An EAF owned by a medium-sized South Korean steelmaker has been closed due to an accident at the plant, Fastmarkets first heard on October 5. Sources told Fastmarkets that...Read More

Chile will open a tender for the exploration and production of 400,000 tonnes of lithium in an effort to reclaim market share and meet growing demand for the metal used in electric vehicles and high-tech devices. The copper-producing nation, which holds the world's largest known lithium reserves, said it is preparing bidding rules available to local and foreign firms for five quotas of 8...Read More

3 things that help keep capital projects on trackSPONSOREDproudfootAmerican Pacific building US copper positionSPONSOREDamerican pacific miningConcession and pre-construction accelerates world class Potash MineSPONSOREDhighfield resourcesAntipa demonstrates high CalibreSPONSOREDantipa mineralsDespite global output growth for 2021 remaining near the top end of historical outcomes, the IMF's latest...Read More

Nobel Resources Corp. is pleased to announce that the Company, thRead full newsRead More

Edgemont Gold Corp. is pleased to announce that it has successfulRead full newsRead More

(Kitco News) - Zero-G is an airline company that offers a simulatedweightlessness experience to passengers at a fraction of the price compared toothers in the space travel tourism business. Not only is Zero-G dabbling inspace and science, the company is now accepting Bitcoin as payment for tickets.Describing the zero gravity experience, Matt Gohd, CEO of Zero-G said, "It isthe single most unique...Read More

Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! (Kitco News) - Gold'strading pattern got many analysts excited this week, with some even saying thathotter-than-expectedinflation data was a game-changerfor gold. But things didn't pan out as expected, with gold tum...Read More

(Kitco News) Gold ran into "massive resistance" at the $1,800 an ounce level, triggering a $30 retreat Friday. And analysts say that gold won't commit to a rally until there is enough interest to take gold past its key technical barriers.Weighing on gold was a better-than-expected economic outlook following strong retail sales, with December Comex gold futures tumbling to $1,769 an ounce, down 1.6...Read More

I remember the day my family got a computer.My dad set it all up, as I was too busy playing bat ball in the cul-de-sac with my neighborhood buddies and I really had no use for one yet.It wasn't connected to the internet at the time, but that didn't matter. I only cared about playing WWII-themed computer games for 10 minutes until they crashed because the video card wasn't strong enough.Once we got...Read More

A combination of events collectively has put tremendous bearish pressure on gold pricing. At least for today, the combination of all of these events has resulted in a perfect bearish scenario causing a $30 drop-in gold futures. As of 5:10 PM EDT, the most active December 2021 futures contract is currently fixed at $1768.10, a net declinePhilip Streible, the chief market strategist at Blue Line Fut...Read More

Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! (Kitco News) - After failing at $1,800an ounce this week, Wall Street analysts are undecided on where gold is headednext, while Main Street remains bullish, according to Kitco's weekly gold price survey. After rallyi...Read More

Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! (Kitco News) - Gold pricesare sharply lower in early U.S. trading Friday and extended early lossesfollowing a very upbeat U.S. retail sales report that falls squarely into thecamp of the U.S. monetary policy hawks,...Read More

(Kitco News) - Agnico Eagle CEO Sean Boyd discussed the benefits of hiscompany's proposed merger with Kirkland Lake Gold.Boyd spoke to Kitco on Tuesday. Agnico Eagle (TSE:AEM) andKirkland Lake Gold (TSE:KL) announced a merger earlier this month."[This merger] is kind of different than what you normallysee in the gold space. You usually see premium acquisitions done to fix issuesof the acquirer. H...Read More

In this column last week, I mentioned the importance of asharp $30 intraday reversal which took place in the gold price on the last “booksquaring” trading session of Q3. Technically, this sudden move back above $1750 held the gold price inside thebullish symmetrical consolidation triangle that has been forming over the past14 months. Since thebeginning of Q4, the gold price has been bi...Read More

(Kitco News) - The uranium market has arguably the best fundamentals in thecommodity space right now, or any assetclass, said Mart Wolbert, founder and writer of the Contrarian Codexnewsletter. "I would argue that uranium has the best fundamentalsunderpinnings of any investment asset class in the current market, even afterthis big run-up," Wolbert told David Lin, anchor for Kitco News. "Iwould...Read More

(Kitco News) Gold prices dropped to fresh daily lows following better-than-expected retail sales data from September.U.S. retail sales rose 0.7% last month following an upwardly revised increase of 0.9% in August, according to the latest data from the U.S. Commerce Department. Economists were expecting to see a decrease of 0.2% in last month's headline number.Core sales, which strip out vehicle sa...Read More

(Kitco News) The gold market is trading near daily lows as the New York manufacturing sector sees a slower-than-expected recovery, according to the latest data from the New York Federal Reserve.The regional central bank said its Empire State manufacturing survey's general business conditions index fell 15 basis points to 19.8 in October. The data disappointed as consensus forecasts were calling fo...Read More

Oct 15, 2021 Guest(s): Matt Gohd CEO of Zero-G Zero-G is an airline company that offers a simulated weightlessness experience to passengers at a fraction of the price compared to others in the space travel tourism business. Not only is Zero-G dabbling in space and science, the company is now accepting Bitcoin as payment for tickets. Describing the zero gravity experience, Matt Gohd, CEO of Zero-...Read More

NEW YORK, Oct 15 (Reuters) - The dollar edged lower against a basket of major currencies on Friday, on track to end its five-week winning streak, as global risk appetite rebounded, helping reduce demand for the safe-haven currency.Global stock markets have rallied this week as fears about a stagflationary economy have been eased by forecast-beating corporate earnings in the United States. read mo...Read More

It was another"hot" week in commodities, with the highest CPI reading since July2008, at 5.4% annually. Food inflation rose to 4.5%, the highest reading since2011 and showing no signs of slowing down. I cannot stress how important it isto have a "real asset" basket in your investment portfolio. Many ofyou choose Gold and Silver as your tangible assets to combat inflation (I havesome too); however,...Read More