Here are five Fastmarkets MB stories you might have missed on Friday September 18 that are worth another look.China has issued its 12th batch of non-ferrous scrap metal import quotas for 2020, with a much larger volume of copper scrap being approved to enter the country than in the previous two rounds of quotas. The latest batch permits 136,335 tonnes of copper scrap to be imported into China, the...Read More
Producers Kinross Gold (TSX: K) and Calibre Mining (TSX: CXB) both hit 52-week highs in Toronto on Friday, gaining 6.3% and 11.7% respectively.Kinross had announced a three-year 20% guidance boost on Thursday and declared its first dividend since 2013.Gold is up slightly, above US$1,949 an ounce on the spot market.Market futures were pointing lower to start the week following a mainly muted finish...Read More
Here are five Fastmarkets MB stories you might have missed on Friday September 18 that are worth another look.China has issued its 12th batch of non-ferrous scrap metal import quotas for 2020, with a much larger volume of copper scrap being approved to enter the country than in the previous two rounds of quotas. The latest batch permits 136,335 tonnes of copper scrap to be imported into China, the...Read More
Here are five Fastmarkets MB stories you might have missed on Friday September 18 that are worth another look.China has issued its 12th batch of non-ferrous scrap metal import quotas for 2020, with a much larger volume of copper scrap being approved to enter the country than in the previous two rounds of quotas. The latest batch permits 136,335 tonnes of copper scrap to be imported into China, the...Read More
"You have such a collapse in the infrastructure of the world economy. You have effectively 300 million people who have lost their jobs. On top of that, you have these negative interest rates where nobody is buying European bonds where the European Central bank has been buying them all. They can't raise interest rates because their own portfolios blow up. So, they are grasping at straws, at this po...Read More
"Be careful where you put your money; you don't need to take crazy risks."Marin Katusa has worked directly with and financed many companies of well-known individuals in the resource industry and has become one of the most trusted and well connected dealmakers in the junior resource sector. During this time, he has become one of the most successful portfolio managers in the resource sector, such as...Read More
To start off this year's SilverFest, David Morgan "The Silver Guru" gave a state of the silver market address. He talked about what's happened, where things stand now, and what to expect going forward.Part 1 (part 2 below)A large portion of the world's silver mines were shut down because of COVID during 2020. But how much silver was actually lost?Part 2David Morgan is a world-renown precious metal...Read More
The Fed wants inflation to run hot and well above its old 2% inflation target on the Consumer Price Index (CPI). In some Fed projections, the Fed is already projecting a 3.9% CPI inflation rate by Q3 2021. However, the CPI does not reflect everyday reality for food, healthcare and other daily bills of most Americans. The inflation formulas from ShadowStats (using old government inflation formulas...Read More
Assuming the concept works as promised, vertical farms should generate some of tomorrow's interesting business models and hot growth stocks, thus answering two big questions: Where will we Continue...Read More
AstraZeneca claims the two cases of the illness were "unlikely to be associated with the vaccine, or there was insufficient evidence to say for certain that the illnesses were or were not related to the vaccine." Continue...Read More
Bob Moriarty profiles the silver-copper explorer and discusses the project he describes as a "hidden gem." Defiance SilverI wrote about Defiance Silver Corp. (DEF:TSX.V; DNCVF:OTCBB) (DEF-V, DNCVF-OTCBB) back in July. Their shares were $0.35 back then and have almost doubled since. Investors it seems to me are way too bullish. While I would like to see a deeper correction in gold and silver, Def...Read More
At last, crudeoil moved a bit higher, so you might be asking yourself if the trend hasreversed or is this just a pause before the moves continue.In short, wethink the latter is much closer to the truth. The fact remains that in a global andhyperconnected economy such as today, no market can sustain completeindependence of the rest of the world. Crude oil, as the most versatilemarketplace commodity...Read More
The ECB held its monetary policy stance steady. Meanwhile, the U.S. fiscal deficit reached its all-time high. What does it all mean for the gold prices?On Thursday, the members of the Governing Council of the ECB met together to undertake monetary policy decisions. They decided to leave the interest rates and the conditions of the quantitative easing unchanged. This lack of action was widely expec...Read More
RESEARCH HIGHLIGHTS:Gold Pennant/Flag formation is now complete and setting up new momentum base near $1,925.Our Adaptive Fibonacci Models suggest support will prompt new Gold rally to $2,250.The rally in Gold will continue to extend higher over the next 4+ weeks. The US Dollar may move lower and/or the US stock market may break recent support to prompt this new rally in Gold. If...Read More
Someswear by price action, many others rely on indicators. There are actually manygold trading tips built around these techniques. Gold Miners Bullish PercentIndex, is one of the rare ones that don't issue signals all that often. And itshowed the highest possible overbought reading recently.Theexcessive bullishness was present at the 2016 top as well and it didn’t causethe situation to be an...Read More
Here are five Fastmarkets MB stories you might have missed on Friday September 18 that are worth another look.China has issued its 12th batch of non-ferrous scrap metal import quotas for 2020, with a much larger volume of copper scrap being approved to enter the country than in the previous two rounds of quotas. The latest batch permits 136,335 tonnes of copper scrap to be imported into China, the...Read More
Daily coronavirus casesmay be down in the United States, but that is no reason to be complacent,especially given that cold and flu season is only a few weeks away, says thenation’s top doctor. In a roundtablediscussion Thursday at Harvard Medical School, Dr. Anthony Fauci warned that“we need to hunker down and get through this fall and winter, because it’s notgoing to be eas...Read More
$2,000. Think about this number. Theoretically, it’s just a number, one of many. But… somehow we feel that jumping above this level was a big event in the gold market. After all, gold surpassed this psychologically important point for the first time in history, reaching record high, as the chart below shows. How did gold manage to achieve it? The obvious reason is the coronavirus cris...Read More
The big gold-ETF buyingthat catapulted gold higher into early August has gone missing in action. That’s why gold stalled out since, driftingsideways flirting with a correction. To continuepowering higher, gold needs these major stock-market-capital inflows via exchange-tradedfunds to resume. The near-term fortunesfor the precious-metals complex are heavily dependent on how...Read More
Golds bullish trend has worked well in 2020, so what is next over the immediate 3 to 6 months? Will we continue to see a golden future.The US dollar had been strong into COVID 19, since then the FED has printing a lot of money, and they are also considering YCC (Yield Curve Control), last seen during WW2. [Note YCC lasted 9 years over WW2. WOW, that is a lot of money printing.]The FED is now forec...Read More