Seaborne iron ore prices were rangebound on Wednesday February 19 amid a murky short-term outlook for demand.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $90 per tonne, down $0.18 per tonne.62% Fe Pilbara Blend fines, cfr Qingdao: $89.33 per tonne, down $0.18 per tonne.62% Fe low-alumina fines, cfr Qingdao: $91.16 per tonne, down $0.04 per tonne.58% Fe fines high-premium, cfr Qingdao: $7...Read More
Gary Christenson, The Deviant InvestorSince 2009 stocks have risen into a bubble fueled by inexpensive debt, buybacks and QE. Most commodities have not matched the price increases. Palladium is an exception more later.The ratio of the commodity index to the S&P 500 Index sits at a historic low. Commodity prices are relatively low, and the S&P 500 is too high. That ratio will reverse.WHY? The b...Read More
StrengthsThe best performing metal this week was palladium, up 4.91 percent as hedge funds cut their bullish positions to a 17-month low. January's 22 percent slump in China's car sales could dampen demand short-term. Federal Reserve Chairman Jerome Powell testified before Congress this week and commented that "low rates are not really a choice anymore, they are a fact of reality." Powell sugg...Read More
Keith Weiner, Monetary MetalsThe price of gold rose $14 and the price of silver fell $0.07. The gold-silver ratio rose further with this price action.Welcome to our new Gold and Silver Market Report, or "Market Report" for short. We are separating this from the economics essay, which was attached for many years. As they used to say in many toy commercials of yore, "batteries sold separately" or...Read More
- RambusOver the last few weeks or so I've been writing a lot on the critical inflection point the PM complex was showing us. Today's price action is an important step in confirming the potential bullish outcome. There is still more work to be done from a longer term perspective but its one step at a time until total confirmation is attained.Lets start with the daily line combo chart we've bee...Read More
By: Ira EpsteinGold still needs to take out the missile day highs. Gold looking bullish with upside bias..Read More
Gold broke past $1600 after World Health Organization had cautioned there was not yet enough data to know if the epidemic had slowed. World Health Organization (WHO) Director-General said Chinese data "appears to show a decline in new cases" but any apparent trend "must be interpreted very cautiously." Russia said it will suspend entry of many Chinese citizens. Corporate profitability will be af...Read More
To Watch Update #25, CLICK HEREThe world is now watching closely to see if the coronavirus is indeed poised to accelerate outside of China. In yesterday's video, we warned that the coming two weeks will be crucial in determining how bad the pandemic will be. The early results are not encouraging. New cases continue to climb in the rest of Asia - Japan, Korea and Singapore are being hit hardest. An...Read More
Michael Pento joined us on a day when gold broke $1600 and silver broke $18. What could be the cause of such a move? Perhaps it was Nanny Michael Bloomberg's pledge to tax Wall Street to the hilt. Or perhaps another Black Swan is getting ready to come public. One thing is for certain, the Fed has gone totally over the top on money printing and monetizing the debt. It can never allow interest rates...Read More
Bill Murphy is a former American professional football player, financial commentator, and the chairman and director of the Gold Anti-Trust Action Committee (GATA), which was founded as a result of Murphy's essays on collusion among large financial institutions to suppress the price of precious metals. Murphy believes the price of gold is artificially low and has spent years lobbying the U.S. gover...Read More
The 2020 Sprott Natural Resource Symposium (SprottConference.com) is pleased to welcome John Hathaway, the distinguished portfolio manager of the Sprott Gold Equity Fund (formerly, the Tocqueville Gold Fund) as a keynote presenter at this year's event in Vancouver. Sprott acquired the Tocqueville Gold Strategies in January 2020, combining the strengths of two precious metals industry leaders, and...Read More
A bizarre incident was captured on film Wednesday involving American and Russian military patrols. The dangerous encounter took place in northeastern Syria near the town of Qamishli, site of prior recent stand-offs involving US special forces attempting to block Russian military patrols from going near oil fields in the region. Continue...Read More
Slides and Sources: https://www.itmtrading.com/blog/unite...A very important question was asked form one of our viewers Christopher R...he said:"Historically, when a Fiat Currency Resets, it can have several Resets within a few years time (which is correct). What are some historical Economic Resets from modern times where currencies had collapsed, and over what time frame were these Resets, that c...Read More
Questions continue to be raised over whether or not the Chinese government is censoring information about the outbreak in Wuhan.Continue...Read More
Peter Hug has been involved in precious metals since 1974. He began gaining first-hand investment industry experience at Deak-Perera. He served as SVP at Guardian Trust Company, which became one of the largest international trading houses for precious metals. He developed the first precious metals certificate program and the first margin trading accounts for metals on the cash market. Peter has ac...Read More
Defense Metals summarizes the testing highlights at its BC REE project. In a news release, Defense Metals Corp. (DEFN:TSX.V; DFMTF:OTC; 35D:FSEQB) announced that on hydrometallurgical testing at its Wicheeda property in British Columbia, extraction of rare earth elements (REEs) from a flotation concentrate into a leach solution was high, at about 90%. Treating the leach solution with limestone re...Read More
Gold Standard Ventures' new report estimates a 40% internal rate of return. Gold Standard Ventures Railroad-PinionIn a news release, Gold Standard Ventures Corp. (GSV:TSX.V; GSV:NYSE) announced that its updated South Railroad prefeasibility study (PFS) on its Railroad-Pinion project in Nevada shows improved economics and lower risks than in the initial report. South Railroad comprises the Dark St...Read More
The prices of hollow steel sections in Europe moved up this week, following news that Turkey's country-specific import quota has been completely taken up, sources told Fastmarkets on Wednesday February 19.Fastmarkets' weekly price assessment for steel sections (medium), domestic, delivered Northern Europe, was ?,?620-650 ($671-703) per tonne on Wednesday, widening upward by ?,?10 per tonne from ?,...Read More
Black Tusk Resources reported that it had completed a data compilation on its South Rim Gold property. Black Tusk Resources Inc. (TUSK:CSE; BTKRF:OTCMKTS; 0NB:FSE) completed compiling and reviewing data on its South Rim gold property in central British Columbia, it announced in a news release."The results from historic work and accompanying database provide strong incentive to continue exploratio...Read More
The staked claims expand the size of Newrange Gold's property there by 50%. Newrange Gold Corp. (NRG:TSX.V; NRGOF:OTC) announced in a news release it staked another 105 claims at its Pamlico project in Nevada to cover several anomalies recently identified through an induced polarization (IP) and resistivity survey.The anomalies, which the company interprets as sulphide mineralization, warrant dri...Read More