The general direction for gold and silver will be lower until it is not.Continue...Read More

Growth of Troilus Gold's project resource and expectations for the imminent PEA are addressed in a PI Financial report. In a July 29 research note, PI Financial analyst Philip Ker wrote that "the ongoing resource growth and remaining upside from the new Southwest zone" at Troilus Gold Corp.'s (TLG:TSX; CHXMF:OTCQB) Troilus asset "paves the way for future growth and the foundation of a near-term p...Read More

Ron Struthers of Struthers Resource Stock Report profiles Aztec Minerals, and explains why he believes the junior explorer stands out. Gold continues to consolidate around $1950 as I expected. That said, a dip lower would not surprise me, but I believe the odds are higher for the next move to be upwards. I added in Commitment of Traders numbers and it is very different this time. In the past when...Read More

Technical analyst Clive Maund charts Aben Resources and explains why he has a buy recommendation on the stock. Aben's Forrest Kerr Gold ProjectAben Resources Ltd. (ABN:TSX.V; ABNAF:OTCQB) hasn't done much since we bought it at a good entry point in mid-July, and in truth it can be seen to have "dragged its feet" since that time, as we can see on its latest 4-month chart below. However, it still l...Read More

Sector expert Michael Ballanger discusses the recent week in the precious metals markets. I was sitting with my partner on the porch this evening watching the squirrels and chipmunks and cardinals and blue jays all feasting upon a smorgasbord of sunflower and other assorted seeds amid a conflagration of floral colors exploding in our front garden. As I was trying desperately to nail down a topic...Read More

Tim Termuende, CEO of Taiga Gold, talks with Maurice Jackson of Proven and Probable about exploration on his spin-out company's projects in Saskatchewan. Maurice Jackson: Joining us for a conversation is Tim Termuende of Taiga Gold Corp. (TGC:CSE; TGGDF:OTCBB). Sir, please introduce us to Taiga Gold, and what is the unique opportunity the company presents to the market?Tim Termuende: Taiga Golds...Read More

The steel recycling division of Tata Steel has announced it is launching a mobile app for sourcing steel scrap in India, the company said on August 19.The app - named FerroHaat - claims to be a world first and aims to source steel scrap from traders in India. The app is a step toward organizing the currently disorganized Indian scrap supply chain,while also providing a reliable source of scrap met...Read More

"Powerful Deflationary Winds" Include a "Bust in Commodity Prices"Elliott Wave International's analysts have posited that the next big global monetary event will be deflation, not inflation.The writer of an August 18 Telegraph article also sees "powerful deflationary winds." Here's an excerpt:Talk of resurgent global inflation is mostly noise. Powerful deflationary winds continue to blow through t...Read More

When I founded BMG Group Inc. (formerly Bullion Management Group Inc. – BMG) over 20 years ago, I thought that my main challenge would be to get approval for our first fund from the Ontario Securities Commission (OSC). My premise was that there was no approved way for retail investors to hold bullion in their RRSPs and other registered accounts. In addition, I wanted to structure the fund in...Read More

Dillinger and Saarstahl have announced that operations have begun at Germany's first hydrogen-based steel production plant in Dillingen, the companies said on August 21.The new plant in Dillingen is said to be the first in Germany that uses hydrogen as a reducing agent in the blast furnace (BF), via the injection of hydrogen-rich coke gas, Fastmarkets understands.Dillinger and Saarstahl - both own...Read More

Crude steel production in Germany was down by 24.70% year on year in July due to capacity being cut to balance the drop in demand caused by the Covid-19 pandemic, German steel federation WV Stahl said on Monday August 24.Germany's crude steel production totaled 2.42 million tonnes in July 2020, down from 3.22 million tonnes in the corresponding period of 2019.The July 2020 output is close to the l...Read More

Here are five Fastmarkets stories you might have missed on Monday August 24 that are worth another look.The steel recycling division of Tata Steel has announced it is launching a mobile app for sourcing steel scrap in India, the company said on August 19.London-based metals trading firm...Read More

The three-month price of nickel on the London Metal Exchange was higher at the close of trading on Monday August 24, outperforming its peers and closing a little more than 1% higher, while the entire base-metals complex was given a boost by a rally in global equity markets.Nickel's outright price closed at $14,926 per tonne on Monday afternoon, its highest closing price since November 2019, and co...Read More

The Turkish steel producers have entered a third consecutive week with no deep-sea scrap bookings due to the still-weak finished markets for long steel products, sources said on Monday August 24.After booking some US and Baltic Sea cargoes at $285 per tonne cfr for HMS 1&2 (80:20) on August 7, the steel mills in Turkey went quiet in the deep-sea scrap import markets.In the past two weeks, the Turk...Read More

Cobalt producers Huayou and Glencore are founding members of a new body aiming to develop artisanal and small-scale miners in the Democratic Republic of the Congo (DRC). The objectives of the Fair Cobalt Alliance (FCA) include supporting the professionalization of site management and instilling best practice across the artisanal mining sector to develop health and safety, and minimize the environm...Read More

Here are five Fastmarkets stories you might have missed on Monday August 24 that are worth another look.The steel recycling division of Tata Steel has announced it is launching a mobile app for sourcing steel scrap in India, the company said on August 19.London-based metals trading firm...Read More

London-based mining private-equity company Appian Capital Advisory has appointed Nelson Silva, a former director at Brazilian state-owned oil company Petrobras, to be its senior safety and social performance adviser, it said on Monday August 24.Silva will take the role of assisting with environmental, health, safety and community issues on Appian's mining portfolio, the company added.Appian operat...Read More

The extraordinary run up in precious metals markets continues as silver makes some truly epic percentage gains while gold pushes further into record territory. As of Friday morning, gold prices had pulled back but are still up 3.1% for the week to trade at $2,044 per ounce. Gold is advancing now for the ninth consecutive week, with the biggest pops occurring over the past three.Silver, meanwhile,...Read More

This week gold priceshave smashed one record after another, well surpassing the previous high set in2011, of $1,920 an ounce. At time of writing, spotgold’s last bid was $2,064.10.The usual suspects arebehind the surge, ie., worrisome covid-19 infections, geopolitical concernsespecially US-China tensions over trade (PresidentTrump tried to force China-owned TikTok into selling its US op...Read More

For a long time, pundits talked excitedly about the rapid, V-shaped recovery. I never shared this view, finding it too optimistic and without basis in reality. Like Jeff Goldblum in Jurassic Park, I hate being right all the time, but it really seems that I was right about this issue. According to the July World Flash report by IHS Markit, we can read that “the new wave of infections has redu...Read More