Daily Mail, Released on 11/15/21'It was discovered in 1998 along Swift Creek near the town of Ruby, Alaska by Barry Clay, Continue... 'The size of a child's head': 21lb gold nugget for sale for around $1 million added by Herman James on 11/16/2021View all posts by Herman James ?+'Read More
Science Alert, Released on 11/12/21"We have identified a way of using gold nanoclusters not only to act as effective antimicrobial agents, but as a mechanism to enhance the potency of antibiotics which have become ineffective because of bacterial drug resistance,"Continue... Gold Could Be The Unexpected Secret Weapon We Need Against Antibiotic Resistance added by Herman James on 11/16/2021View all...Read More
The export market for steel slab from the Commonwealth of Independent States remained quiet in the week to Monday November 15, with a various trends in different customer markets driving a lack of clarity.In the Asian region, weakening flat steel prices in China's domestic markethad a strong negative effect on other regional markets.The release of rather grim economic and property data by Chi...Read More
The downward trend in China's domestic rebar prices was halted by a rise in trading activity on Tuesday November 16, sources told Fastmarkets.Domestic Eastern China (Shanghai): 4,700-4,730 yuan ($737-742) per tonne, unchangedBuyers raised procurement rates on Tuesday morning in response to futures gains, which halted the decline in spot market prices, sources said.The most-traded January rebar fut...Read More
"A joint venture partnership would arguably be the single largest and most important deriskingevent in Seabridge Gold's history and as such, the upside ahead of a partnering event is potentially massive," noted a Cantor Fitzgerald report. In a Nov. 1 research note, Cantor Fitzgerald analyst Mike Kozak reported that the first set of 2021 drill results from Seabridge Gold Inc.'s (SEA:TSX; SA:NYSE.M...Read More
Adrian Day of Global Analyst delves into what the denial of the renewal of a mining permit in Mexico means for Fortuna Silver. Fortuna Silver Mines Inc. (FSM:NYSE; FVI:TSX; FVI:BVL; F4S:FSE) (US$3.87) fell sharply at the end of the week, down 26% in two days after reporting that a Mexican agency had denied its application for a renewal of its mining permit at San Jose. This took the stock to its l...Read More
Holding gold has largely been about a hedge for inflation, weak US dollar or a store of safety during times of trouble. At present, it is the inflationary pressures that is the main driving force for the yellow metal.Inflationary pressures are building around the world as the global economy tries to reopen.Consumer prices are sharply rising with the US Inflation rate posting a three-decade high o...Read More
Austrian steelmaking group Voestalpine has been certified as a sustainable production site by the non-profit steel sustainability organization ResponsibleSteel, the steelmaker announced earlier this week.Part of the certification was to meet 200 criteria, including the responsible procurement of raw materials, reducing CO2 emissions and the management of labor and human rights. Certification requi...Read More
The downward trend in China's domestic rebar prices was halted by a rise in trading activity on Tuesday November 16, sources told Fastmarkets.Domestic Eastern China (Shanghai): 4,700-4,730 yuan ($737-742) per tonne, unchangedBuyers raised procurement rates on Tuesday morning in response to futures gains, which halted the decline in spot market prices, sources said.The most-traded January rebar fut...Read More
An update of the gold stock bounceAs a TA, I respect charts first and foremost. On occasion that respect has burned me as I’ve missed big profit opportunity or not seen a disaster unfolding that the charts missed. But much more often it helps me profit or saves me from disastrous ends. TA is just one tool in the box. An important one, but it should not stand alone. With the gold stocks espec...Read More
Austrian steelmaking group Voestalpine has been certified as a sustainable production site by the non-profit steel sustainability organization ResponsibleSteel, the steelmaker announced earlier this week.Part of the certification was to meet 200 criteria, including the responsible procurement of raw materials, reducing CO2 emissions and the management of labor and human rights. Certification requi...Read More
Here are five Fastmarkets stories you might have missed on Tuesday November 16 that are worth another look.The Chinese government is in discussions with multiple metal industry bodies on suspending the publication of data related to the country's progress in achieving its ambitions for "carbon peaking and carbon neutrality," sources have told Fastmarkets.The lower...Read More
Mexican ferrous scrap prices were stable for most grades, but sparse reports of price increases and higher-price deals were spotted in what could be the beginning of an uptrend in prices.At least one Mexican scrap buyer was heard applying slight increases for prime grade scrap, since the material supply was short. There were also reports of higher deals for some obsolete grades.But for most grades...Read More
General Motors (GM) plans to extend its control of the midstream processing chain in the next 18 months while it gets battery plants in the United States up and running, a senior company executive at the automotive manufacturer said.This is also part of a push by the automaker to create a greener supply chain via reduced movement of materials around the world, GM manager of energy environment and...Read More
Copper and aluminium London Metal Exchange prices closed lower on Tuesday November 16, with a stronger dollar pushing prices down.The aluminium three-month price closed at $2,574 per tonne on Tuesday, down from $2,657 per tonne at Monday's close.Market participants attributed the fall to a strong dollar, which makes buying metals using other currencies expensive and pushes demand...Read More
Here are five Fastmarkets stories you might have missed on Tuesday November 16 that are worth another look.The Chinese government is in discussions with multiple metal industry bodies on suspending the publication of data related to the country's progress in achieving its ambitions for "carbon peaking and carbon neutrality," sources have told Fastmarkets.The lower...Read More
Evergrande is on the brink of bankruptcy. Will gold prices collapse together with the real estate developer or benefit from its default?Generals are always prepared to fight the last war, while economists are always prepared to fight the last recession. But what if the next economic crisis doesn’t start in the US financial sector, but in China’s real estate?Naturally, I refer to Evergr...Read More
Lithium market participants have voiced concern about the ability to secure supply of industrial-grade lithium compounds due to an increasingly larger share of the market being taken up by the battery sector.With long-term contract negotiations for next year's supply unfolding, traditional industrial buyers spoke of surging demand from the battery sector globally and said they expect increasing pr...Read More
The gold miners’ latestquarterly earnings season will soon get underway, with their full Q3’21 resultsdue out by mid-November. These fundamentalreports are invaluable to traders, revealing how companies are actually faringoperationally and financially. Despite Fed-tighteningfears hammering gold and gold stocks last quarter, the miners are likely to collectivelyreport outsta...Read More
You see, there is all this noise out there. It comes mostly from inflationists touting gold in the same breath as copper, as oil, and as commodities of all flavors (and aside from gold and to a degree, silver, those flavors are cyclical).But you also see, gold is counter-cyclical in its best suit. You see on this monthly chart that gold has been forming its Handle to the bullish Cup ever since the...Read More