1. The Weekly Initial Claims number was 1.186 million vs. 1.40 million. This is a decrease of 249,000 from last week, so that is better. The continuing claims for the week ending July 25 decreased by 844,000 to 16.107 million. Tomorrow, the BLS will report the non-farm payroll report numbers at 8:30 am ET. 2. Today, we are seeing a lot of the popular tech stocks coming under early distribution. Se...Read More

"We are dangerously overdependent on foreign nations for our essential medicines, for medical supplies like masks, gloves, goggles and medical equipment like ventilators."Continue...Read More

"We have assurances, and I've discussed this with the regulatory authorities, that they promise that they are not going to let political considerations interfere with a regulatory decision," Dr. Fauci said.Continue...Read More

"In the next five to 10 years, you could see a financial system where all assets and liabilities are native to a blockchain, with all transactions natively happening on chain." Continue...Read More

"All of these Democrats are now basically owned by the left," Gingrich said to Fox News on Wednesday. "They are not going to pick any fights. They are owned by people who are financed by George Soros."Continue...Read More

BofA raised its average 2021 real gold price forecast from $2,012 to $2,159. It Continue...Read More

Jordan Roy-Byrne looks into the recent out-performance of gold and silver over the stocks. Even today (Wednesday) we are seeing the stocks fade as the metals make a new leg higher. It's important right now to focus on the near term drivers for your individual stocks.Jordan Roy-Byrne, CMT is a Chartered Market Technician and member of the Market Technicians Association.. He is the publisher and edi...Read More

Interview summary: Silver is just breaking out. Gold stocks are bargains. Gold miners are seeing their earnings grow as the price goes way up. No other industry can show this right now. People will probably make a killing in mining stocks. Upside potential is huge versus the downside risks. The US Dollar is heading for a crash. That is what gold price is telling you. Peter Schiff is an internation...Read More

Activity in the bulk import market for steel scrap sold to Bangladesh has increased over the past week, with fresh buying interest in Japan- and US-origin material, market sources told Fastmarkets on Thursday August 6.Market chatter on Thursday centered on fresh bids for Japan-origin scrap in bulk and renewed activity in the deep-sea import market for US West Coast scrap, at higher prices than the...Read More

The latest forecasts from Fastmarkets' team of analysts are ready to view.Heavy rains in China, which can negatively affect iron ore supplies and pig iron production, and bolster demand for scrap, continued in July 2020. Although this was more an upside risk to our bearish base case one month ago, Chinese scrap prices remained strong. The firm prices gained support from the rains and from a more g...Read More

Independent financial analyst Matt Badiali tells a mind-bending tale about a gold project in Montana. This story is the stuff of myth. It will be retold, inflated, and gilded...especially if there's a discovery.It's a story about gold, a historical mining district, seizing opportunity and psychedelic mushrooms. I heard about it from a good friend. It was so far-fetched, I reached out to Warwick S...Read More

With the drill bit, Seabridge Gold intends to follow up on confirmed host stratigraphy and test new structures at its Snowstorm property. Seabridge Gold Inc. (SEA:TSX; SA:NYSE.MKT) is preparing to commence a follow-up drill program at its Snowstorm gold project in northern Nevada later in August 2020, it announced in a news release.The Toronto-based explorer plans to begin with a four-hole progra...Read More

Troilus Gold Corp. reported it is the first company to be granted ECOLOGO certification for responsible development for mineral exploration companies. Troilus GoldIn a news release, Troilus Gold Corp. (TLG:TSX; CHXMF:OTCQB) announced that it is the "first mineral exploration company to obtain certification for UL 2723: ECOLOGO Certification Program for Mineral Exploration Companies."Troilus Gold...Read More

Fremont Gold is awaiting assays for the final six holes at the Griffon project. Fremont Gold Ltd. (FRE:TSX.V; FRERF:OTCQB; FR2:FSE) announced in a news release it completed the phase 1 drill program at its past producing Griffon gold project in Nevada's Cortez Trend.In this first segment of the campaign, the Vancouver, British Columbia-based mining company drilled a total of nine holes over 2,275...Read More

Dolly Varden Silver is focusing both on new targets and expansion drilling. Dolly Varden Silver Corp. (DV:TSX.V; DOLLF:OTCMKTS) commenced a 10,000 meter drill program at its flagship Dolly Varden property in northwestern British Columbia, it announced in a news release."Multiple silver-rich mineralizing systems, deposits and past producing mines present many target options for exploration at Doll...Read More

Turkish billet prices continued to increase over the past week on rising imported scrap values, however, demand for the material was limited, sources said on Thursday August 6.Export billet prices from the Commonwealth of Independent States (CIS) continued to increase this week in line with higher offers from mills, which global rising import scrap costs supported.Suppliers in the CIS raised their...Read More

The prices for steel billet imports and domestically produced steel rebar were stable in Egypt in the week to Thursday August 6, because of the Eid al-Adha religious holiday that ended on August 3 and the resulting reduced demand, sources have told Fastmarkets.Most market participants were still on holiday on Thursday and, with rebar consumption already subdued, there was hardly any buying activit...Read More

Crude steel, finished steel and hot metal output of the China Iron & Steel Association's (Cisa) member mills rose to record highs in late July, but steelmakers' finished steel inventories dropped sharply, according to data released late on Wednesday August 5.July 21-31 outputCrude steel: 2.39 million tonnes per day, up by 1.59%Finished steel: 2.40 million tpd, up by 6.89%Hot metal: 2.12 million tp...Read More

Here are five Fastmarkets stories you might have missed on Thursday August 6 that are worth another look.The United States will reintroduce Section 232 tariffs on imports of non-alloyed unwrought aluminium from Canada, President Donald Trump announced on Thursday August 6. The aluminium industry neither deserves nor can afford the shock that...Read More

This bull market can be more positive than the previous one both for gold and the mining stocks.In the last edition of the Fundamental Gold Report, I analyzed various WGC’s reports on the gold market. Today, I will focus on the issues of Alchemist – the flagship publication of the London Bullion Market Associations – I was unable to discuss during the most acute phase of the pand...Read More