Troilus Gold accomplishes this by staking and acquiring 422 new claims. In a news release, Troilus Gold Corp. (TLG:TSX; CHXMF:OTCQB) announced that it further consolidated its Troilus land package in Quebec's Fr?tet-Evans Greenstone belt by adding 422 new claims over 23,005 hectares. Of the additional claims, the Toronto-based mining firm staked 310 claims covering an area of approximately 16,905...Read More
Black Tusk Resources intends to use the soil testing and survey results to define future drill targets at this Quebec project. Black Tusk Resources Inc. (TUSK:CSE; BTKRF:OTCMKTS; 0NB:FSE) announced in a news release that it received the results of 203 soil samples taken in May from its McKenzie East project north of Val d'Or, Quebec."A number of interesting areas of interest were developed from t...Read More
Blackrock Gold is mobilizing a core drill rig to follow up on the results. Blackrock Gold Corp. (BRC:TSX.V; BKRRF:OTCMKTS) announced in a news release the results of its maiden hole drilled in the Victor target at its Tonopah West project in Nevada. "Our first drill hole, having encountered multiple significant high-grade veins, is nothing short of remarkable," President and CEO Andrew Pollard sa...Read More
"Hope and fear look different on a chart"Recently in these pages, we noted that bull markets in stocks tend to end with "a subtly slowing ascent" rather than with a final "spike" higher, as many investors believe. Historical examples were provided.It was also pointed out that, by contrast, commodities do tend to end major uptrends with a price spike.The Wall Street classic book, Elliott Wave Princ...Read More
Egyptian long steel producer El Marakby Steel will add a total of 400,000 tonnes per year to its steel rebar and wire rod production capacity, company chairman of board Hassan ElMarakby said on July 17.El Marakby Steel signed a certificate of acceptance with SMS Group for the wire rod and rebar mill, which will have the capability to produce 10-32 mm thickness rebar and 5.5-12mm...Read More
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1. Gold looks superb, silver looks better, and the miners look best of all. 2. These are the main facts for investors to keep in mind at this point in "gold bull era" time.3. Please click here now. Double-click to enlarge this "breakout over $1800" gold chart.4. Next, please click here now. Double-click to enlarge yet another breakout chart (silver). S...Read More
A summary of the steel segment of South Korean mill Posco's earnings report for the second-quarter ended June 30, released on Tuesday July 21.In briefOperating loss of 197 billion Won ($165 million) recorded for April-June, compared with an operating profit of 805 billion Won in the same period of last year.Overseas steel businesses incurred an operating loss of 93 billion Won, compared with an op...Read More
The German government has revealed its steel action plan, with a focus on achieving its climate goals through "green" steelmaking as it strives to support the steel industry post-pandemic. The "Steel Action Concept - For a Strong Steel Industry in Germany and Europe" was developed by the Federal Ministry for Economic Affairs and Energy and hopes to send a strong signal for climate-friendly steel m...Read More
Strengths? The best performing precious metal for the week was silver, up 3.24 percent and marking six weeks of consecutive gains. Silver was strong again this week as the metal neared $20 an ounce, a level last seen in September 2016. The metal is up 66 percent from its March lows due to stronger demand for use in solar. Silver is also riding the wave of higher gold prices. ?...Read More
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By Avi Gilburt, ElliottWaveTrader.netIt has been quite some time since I have published an article on gold. Unfortunately, we have become so busy at Elliottwavetrader that I simply have not had the time to publish many public articles.So, as we are approaching an inflection point, I thought it would be an appropriate time to publish a public article.Now, I have to be honest. I am quite disappoi...Read More
1. Gold looks superb, silver looks better, and the miners look best of all. 2. These are the main facts for investors to keep in mind at this point in "gold bull era" time.3. Please click here now. Double-click to enlarge this "breakout over $1800" gold chart.4. Next, please click here now. Double-click to enlarge yet another breakout chart (silver). S...Read More
Craig Hemke, TF MetalsIt may or may not happen at next week's FOMC, but that hardly matters. What's important is that a policy shift is coming and the impact upon the precious metals will be significant.Many times already in 2020, we've utilized this space to explain why negative real interest rates are the most extraordinarily important and fundamental rationale for owning physical gold and sil...Read More
Here are five Fastmarkets stories you might have missed on Wednesday July 22 that are worth another look.Russia's largest steelmaker, Novolipetsk Steel (NLMK), has suspended rolling operations at its subsidiary in the Ural region due to a flood, the company said earlier this week.Rio Tinto has formally complained...Read More
First Cobalt is entering the second phase of financing discussions for the recommission and expansion of its currently idled cobalt refinery in Canada, with proposals under review with its financial advisor, Canadian Imperial Bank of Commerce (CIBC).The Canada-headquartered company is contemplating an initial recommissioning of the cobalt refinery in partnership with miner and marketer Glencore be...Read More
Spot payables for cobalt hydroxide continued to rally in the first half of the week that began on Monday July 20, with consumers raising their bids in an effort to secure spot August cargoes, which remained in tight supply.The assessment of the cobalt hydroxide payable indicator, min 30% Co, cif China, % payable of Fastmarkets' standard-grade cobalt price (low end), rose to 70-71.5% on July 22. Th...Read More
A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday July 22.Please click...Read More
Here are five Fastmarkets stories you might have missed on Wednesday July 22 that are worth another look.Russia's largest steelmaker, Novolipetsk Steel (NLMK), has suspended rolling operations at its subsidiary in the Ural region due to a flood, the company said earlier this week.Rio Tinto has formally complained...Read More
A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday July 22.Please click...Read More