The Trump Administration's stance on Syria and Bashar al Assad goes against President Obama's and Sec. of State Clinton's policy since 2011. Ben takes a look at how this new policy is contrary to media narrative about Syria over the past decade.Read More
The economic impact of the COVID-19 pandemic, with blowout deficits and massive money printing, will create the perfect storm for precious metals and will launch a massive bull market for mining equities, according to one junior exploration executives.In an interview with Kitco News during the Mines and Money online connect virtual mining conference, Ivan Bebek, executive chairman of Auryn Resourc...Read More
Since 2010, investors from India, China, United States, Germany, and Canada purchased a tad bit more than two billion ounces of silver bar and coin. Continue...Read More
Striking workers have put all industrial action at Tata Steel IJmuiden on hold until Friday June 26 to negotiate with management, Dutch trade union FNV Metaal said this week. All industrial action at Tata Steel IJmuiden has been temporarily stopped until Friday 1 pm local time after the company invited unions to the negotiation table, FNV said on Wednesday. "Due to the pressure of the strikes, the...Read More
A Cormark Securities report highlights that recent exploration by Troilus Gold yields one of the best holes ever drilled on the property. In an April 22 research note, Cormark Securities analyst Richard Gray reported that Troilus Gold Corp.'s (TLG:TSX; CHXMF:OTCQB) "Southwest zone is starting to bring the heat," and the company recently drilled one of the best holes ever on the property.The South...Read More
Historical precedentsare in many a technician's toolbox – and it's a tool they reach for withsuccess repeatedly. Does the yellow metal offer any interesting parallels?Gold had declined andit recovered, but the above simply prolongs the 2008-2020 analogy; it doesn’tinvalidate it. Today, gold is attempting to break above the previous highs, butit’s not being successful in that. Go...Read More
By: Ira EpsteinSilver was a miserable failure trying to join the party. Gold as lots of resistance here but it does not mean that it will not break to the upside:Read More
German steelmaker Salzgitter has taken a "concrete" step toward its low-carbon production goal by agreeing to a feasibility study with its industrial partners, the company announced on Wednesday June 24.The company agreed with the Federal State of Lower Saxony, the City of Wilhelmshaven and its industrial partners, logistics company Rhenus and energy company Uniper, to conduct a feasibility study...Read More
Bullion premiums have been drifting lower in recent weeksafter spiking earlier this spring. That in part reflects a waning of fear amonginvestors… and a hope for markets and the economy returning to normal as wehead into the summer.But make no mistake, these are NOT normal times. Not with some parts of the economy still locked down. Notwith the Federal Reserve embarked on an unlimited Quant...Read More
The billet import price decreased in Egypt because of lower offers and bids in the week to Thursday June 25, sources told Fastmarkets. CIS-origin billet was offered this week at $395-400 per tonne cfr, and buyers believed $375-380 per tonne cfr may be a "workable" price for the material. No deals were heard in the assessment period because of weak rebar consumption. As a result, Fastmarkets' weekl...Read More
Long-term Trend AnalysisSilver faces very heavy overhead resistance from $18 all the way to $21 which means that it is going to be tough going and take significant effort for Silver to reach let alone breach $21. Whilst there is strong support at $16 and $14.5 (ignoring the crash low of $11.64). Therefore as was the case in January the long-term chart continues to warn to expect Silver to mark tim...Read More
Striking workers have put all industrial action at Tata Steel IJmuiden on hold until Friday June 26 to negotiate with management, Dutch trade union FNV Metaal said this week. All industrial action at Tata Steel IJmuiden has been temporarily stopped until Friday 1 pm local time after the company invited unions to the negotiation table, FNV said on Wednesday. "Due to the pressure of the strikes, the...Read More
Donald Trump appears tohave torn a page from Ahead of the Herd’s manual for recharging the USeconomy. In an earlier article we said what the globaleconomy really needs, in this low-growth, spending-stalled environment broughtabout by the pandemic, is a push - something big that will attract hugeamounts of investment, and workers. As we have suggested, this could be a massiveinfrast...Read More
The economic pressures and concerns within the global marketshave not abated just because the US Fed has ramped up the printing presses.Inversely, the stock market price levels may be elevated based on a falseexpectation of a quick recovery and of future expectations that may be veryunrealistic.In terms of technical analysis, Gold has set up a very interesting sideways basing pattern after recentl...Read More
Here are five Fastmarkets stories you might have missed on Thursday June 25 that are worth another look.Striking workers have put all industrial action at Tata Steel IJmuiden on hold until Friday June 26 to negotiate with management, Dutch trade union FNV Metaal said this week.Demand for copper in Europe is weak and economies are struggling to restart after coronavirus-related lockdowns, forcing c...Read More
David Haggith Look at the plethora of problems in my list of 2020 economic predictions, which are so severe and so likely to get even worse that it's more difficult to imagine they won't get worse than to believe they will. Some are so bad that just a few of them would plunge us into an abyss of social and financial catastrophes.Here are my economic predictions for the remainder of 2020This...Read More
By: Chris MarcusThe majority of financial market participants were blindsided by the Federal Reserve's recent historic actions following the reported outbreak of the Corona virus.Yet for those who know about G. Edward Griffin and his legendary book "The Creature From Jekyll Island," the latest financial moves came as little surprise. As a result, they were prepared in advance.So to find out what...Read More
By Avi Gilburt, ElliottWaveTrader.netWhile many viewed unemployment, or the Covid virus, or the slowed GDP, or a myriad of other factors as reasons to believe the market is "dangerous," I propose that these four-letter words are more dangerous to your investment account than anything else:NEWS, BIAS, and HOPEYou see, many will turn to the news to determine which direction the market will move....Read More
By: Ira EpsteinSilver was a miserable failure trying to join the party. Gold as lots of resistance here but it does not mean that it will not break to the upside:Read More
The three-month price of lead on the London Metal Exchange continued its upward trajectory at the close of trading on Thursday June 25, closing more than 1% higher and topping gains across the base-metals complex.But a steady uptick in copper futures over the afternoon was not enough to breach nearby resistance.Lead's outright price on the LME closed at $1,786 per tonne on Thursday afternoon, near...Read More