Alasdair Macleod is head of research for GoldMoney. He also runs FinanceAndEconomics.org, a website dedicated to sound money and demystifying finance and economics. He has a background as a stockbroker, banker and economist. Read More
U.K. "magic mushroom company" Compass Pathways went public on Friday, jumping 71% to $29 in its New York debut after pricing an initial 6.7 million shares at $14 to $16 each. The company's NASDAQ listing is expected to raise $127.5 million.Continue...Read More
It is dangerous to reveal the truth about the illegal and immoral things our government does with our money and in our name, and the war on journalists who dare reveal such truths is very much a bipartisan affair. Just ask Wikileaks founder Julian Assange, who was relentlessly pursued first by the Obama Administration and now by the Trump Administration for the "crime" of reporting on the crimes p...Read More
As long as the New York Department of Justice and the Southern District of New York continue to protect the bankers personally, we will NEVER see and end to this practice. Continue...Read More
It should come as no surprise that the United Nations is seeking to expand its power to a worldwide government as numerous countries turn to the UN to impose this be GreatContinue...Read More
Here we go again. European countries are expected to impose more restrictions on public life in the coming days as the number of daily coronavirus infections increases rapidly. Continue...Read More
The CDC pulled its guidelines on how Covid spreads by aerosols shortly after posting them online. What's going on here?Continue...Read More
"We're in a new cold war with Russia that is much more dangerous than the preceding cold war for various reasons. One is that there are at least three cold war fronts that are fraught Continue...Read More
Senate Republicans are set to release their long-awaited report on Joe and Hunter Biden's activities in Ukraine, and is expected to conclude that Hunter Biden's lucrative Continue...Read More
Recent flow data suggests that paper gold is no longer as important as it used to be.Continue...Read More
Here are five Fastmarkets stories you might have missed on Monday September 21 that are worth another look.Brazilian steel and iron ore producer Companhia Sider??rgica Nacional (CSN) will launch an initial public offering (IPO) of its mining division stock to fund a $6-billion expansion plan that will increase capacity to 108...Read More
Turkish domestic scrap prices have remained largely stable over the past week amid steady import values, sources said on Monday September 21.Fastmarkets' weekly price assessment for steel scrap, auto bundle scrap, domestic, delivered Turkey, was 2,040-2,270 lira ($268-299) per tonne on Monday, unchanged week-on-week."Imported scrap prices have remained on a sideways track in the past couple of wee...Read More
Royal Helium Ltd. reported it has received permits for 321 additional square km of new helium land at its Bengough and Pangman projects in Saskatchewan. In a news release, Royal Helium Ltd. (RHC:TSX.V), reported that it has "received permits for an additional 32,166 hectares or 321 square km of helium land in the southeastern half of Royal Helium's Saskatchewan landholdings where the total helium...Read More
Newrange Gold announces results from the most recent 20 reverse circulation holes drilled at its Pamlico project. In a news release, Newrange Gold Corp. (NRG:TSX.V; NRGOF:OTC) announced that drilling to date at its Pamlico gold project in Nevada confirms the strong structural control and widespread nature of gold mineralization there.The most recent 20 holes, which the company is now reporting, w...Read More
The report gives Magna Gold a base case operating plan for its San Francisco project, from which it can "drive ongoing optimization, growth and near-term value creation." Magna Gold Corp. (MGR:TSX.V; MGLQF:OTCQB) announced in a news release the details of the recently completed prefeasibility study on its flagship San Francisco gold project in Sonora, Mexico."We are extremely pleased with the out...Read More
Prices of steel billet imported to Southeast Asia have settled into a pattern of relative stability during the week to Monday September 21, market participants told Fastmarkets.Import billet prices climbed through early September with buyers facing a shortage of material after low purchase volumes in recent months, but weaker market sentiment in China and a drop in Asian scrap prices have limited...Read More
Bearish supply fundamentals and a high London Metal Exchange three-month price continue to spark debate in the nickel market, but while Citi maintains that the much-lauded electric vehicle (EV) metal is its least-preferred for medium-term investment, a quick turnaround in Chinese economic recovery is providing green shoots for physical demand, analyst Oliver Nugent told Fastmarkets. "We can't help...Read More
Portside prices for both low and high grades of manganese ore in China ticked downward in the week ended Friday September 18 after some ore traders lowered their offer prices to attract sales when the number of inquiries from domestic alloy smelters failed to meet expectations, market sources have told Fastmarkets.Fastmarkets' manganese ore port index, base 37% Mn, range 35-39%, fot Tianjin, China...Read More
Peter Krauth outlines the reasons he believes the price of silver will continue to rise. They say patience is a virtue.Well, if anyone is virtuous these days, it has to be silver bulls.They also say good things come to those who wait. I believe those good things will be coming…in spades.Silver reached just shy of $50 back in April 2011. A decade later, we're still just barely above half tha...Read More
The latest FOMC statement and economic projections signal are that the interest rates will stay at zero until the end of 2023. This is excellent for gold. Yesterday, the Fed issued a statement regarding the FOMC meeting, which was held from September 15-16. The US central bank kept the interest rates and the conditions of its quantitative easing unchanged. The chart below shows the levels of effec...Read More