Stewart Thomson, Graceland Updates 1. To view the only virus more concerning than Corona, please click here now. The global government debt virus!2. In America, the government's debt to GDP ratio is now three times the level it was when Ronald Reagan got elected. Simply put, Donald Trump doesn't have the wiggle room that "Jellybean Ron" did... to ramp up debt, produce GDP growth with...Read More

By: Ira EpsteinGold has been drifting short-term. Higher high, higher low -- not a trend:Read More

Unless the real impact of the corona virus is known, gold will range trade while industrial metals will rise. Volatility will rise from today. Trade very carefully. US economic data releases will have to beat street expectation this week for gold price to move into a short term bearish phase. In February gold prices have been falling on Singapore open. This suggest lack of physical demand in Asi...Read More

The Turkish deep-sea scrap import markets have gone quiet after suppliers withdrew their offers on the expectation of higher prices, sources said on Tuesday February 11.The mills have been seeing some improvement in demand for material over the past week, following a sharp decline in prices.Turkish deep-sea scrap import prices fell sharply on February 4, on news of fresh cargoes being booked.And f...Read More

India's recently announced national budget got a mixed response from the country's steel sector, with some describing it as "disappointing" while others said it was "promising," sources told Fastmarkets.The Indian government's $428 billion budget for 2020-21 was presented on February 1.Part of the budget concerned the soon-to-be-launched National Logistics Policy, which will include various infras...Read More

There was a lot of discussion on climate change and ESG, with virtually every corporate presentation and panel touching on it.Read More

Here are five Fastmarkets MB stories you might have missed on Tuesday February 11 that are worth another look.A block on the World Trade Organization's dispute settlement process has paralyzed progress in steel cases, including those pertaining to Section 232, which could result in a disparity between steel prices in the United States and those in the rest of the world, according to two trade expe...Read More

BNP Paribas will take on the over-the-counter (OTC) base and precious metal clients of fellow French bank Soci?(C)t?(C) G?(C)n?(C)rale (SocGen), which is reducing its commodities exposure, both companies confirmed to Fastmarkets on Tuesday February 11.SocGen announced last April that it would be closing its OTC and proprietary commodities trading business, including metals, as part of a global cos...Read More

Once again rises across a broad set of markets suggest traders were less worried about the fallout from the Wuhan coronavirus (2019-nCoV) this morning, Tuesday February 11.LME base metals prices up by an average of 1.2%; SHFE base metals up by 0.7% on average. China's CSI 300 Index up by 1.2%.Gold prices are consolidating and were recently quoted at $1,568 per oz.Base metalsThree-month base metals...Read More

Trade log for cobalt sulfate in China including transactions, bids and offers reported to Fastmarkets.Unless otherwise stated, all prices are yuan per tonne on an ex-works basis.Click here for Fastmarkets' price assessment for cobalt sulfate, Co 20.5% basis, China ex-works, yuan/tonneFastmarkets has discontinued the calculation and publication...Read More

MISHKEEGOGAMANG - Ontario's government is helping increase broadband access and affordability for more than 600 residents living in the Mishkeegogamang Ojibway Nation community in Northwestern Ontario.Today, Greg Rickford, Minister of Energy, Northern Development and Mines and Minister of Indigenous Affairs, announced Keewaytinook Okimakanak is receiving $179,040 through the Northern Ontario Herit...Read More

Today is Tuesday, February 11, 2020, and this is your daily gold market update. Let's look at the latest price of gold, value of the dollar, gold/silver ratio, Commitment of Traders data, and exchange-traded fund (ETF) prices to get a sense of how the yellow metal is faring today.Gold PriceThe price of one troy ounce of gold in U.S. dollars today is $1,567.35. It's down -0.30% from yesterday and u...Read More

Today is Tuesday, February 11, 2020, and this is your daily energy stocks roundup. Today we're looking at the valuations of Cameco Corporation (NYSE: CCJ), CNX Resources Corporation (NYSE: CNX), and Cabot Oil & Gas Corporation (NYSE: COG).Cameco Corporation (NYSE: CCJ)Cameco Corporation (NYSE: CCJ) is a $3.649 billion company today with a one-year return of -28.69%. Let's look at its price-to-earn...Read More

I was happy the day I got fired from Caldor. A few months later, I was even more stoked when the manager at Price Chopper stuck out her pudgy mitt and demanded my name badge. After all, I had a giant FU card in my pocket. As a high schooler, I could always go home and eat mama's cooking and sit on the same couch I did the year before. I didn't need that job.Heck, the point of investing is to gain...Read More

Clint Siegner, Money MetalsThe U.S. Department of Justice investigation of criminal activity in the precious metals markets has taken an interesting new turn.According to Bloomberg, prosecutors are targeting the bank itself and not just the individual traders involved in rigging prices. If convicted, the bank as an institution could be held accountable for years of structured and pervasive cheat...Read More

Stewart Thomson, Graceland Updates 1. To view the only virus more concerning than Corona, please click here now. The global government debt virus!2. In America, the government's debt to GDP ratio is now three times the level it was when Ronald Reagan got elected. Simply put, Donald Trump doesn't have the wiggle room that "Jellybean Ron" did... to ramp up debt, produce GDP growth with...Read More

By: Ira EpsteinGold has been drifting short-term. Higher high, higher low -- not a trend:Read More

Unless the real impact of the corona virus is known, gold will range trade while industrial metals will rise. Volatility will rise from today. Trade very carefully. US economic data releases will have to beat street expectation this week for gold price to move into a short term bearish phase. In February gold prices have been falling on Singapore open. This suggest lack of physical demand in Asi...Read More

A conference call is to follow shortly afterward. Pretium Resources Inc. (PVG:TSX; PVG:NYSE) announced in a news release it will provide Q4/19 and full year-2019 financial and operational results before the market opens on Feb. 12, 2020. The company will hold a conference call afterward to discuss the results, also on Feb. 12, at 7 a.m. PST (10 a.m. EST), accessible through www.pretium.com.Also,...Read More

Gold snapped its four day win streak todayDespite roaring out of the gate for a new record high, the Dow finished marginally lower today. The blue-chip index pared triple-digit gains while investors unpacked the testimony of Fed Chair Jerome Powell, but ultimately pivoted lower later in the day. The S&P 500 and Nasdaq held on to their gains though, both nabbing fresh record closes thanks in part t...Read More