Quantitative easing, checks for every American, expanded unemployment, small business loans, and a grand total $2.2 trillion in deficit spending...Hasn't been enough, apparently.Donald Trump, facing an election year crisis like none ever seen before, now thinks it's time for that infrastructure bill he's been promising for four years."With interest rates for the United States being at ZERO, this i...Read More

The mining camp at Marathon Gold's Valentine Lake gold project. Image from Marathon gold. Marathon Gold has released the results of a pre-feasibility study on its Valentine gold project in Newfoundland, which envisions a 12-year open pit mine, producing an average of 175,000 oz. of gold annually in the first nine years of operation. With an initial capital cost of C$272 million and average life-...Read More

Baptiste zone at Decar. Image from FPX. FPX Nickel expects the updated preliminary economic assessment (PEA) for the Baptiste deposit within its wholly owned 245-sq.-km Decar nickel district in British Columbia to be completed either towards the end of the third quarter or into the fourth quarter of 2020.While the company is monitoring the potential impacts of covid-19 on project timelines, with...Read More

Last year, Geovariances, an industry expert in applied geostatistics, launched Isatis.neo Mining Edition, the geostatistics software that improves performance and enables confident resource estimation and comprehensive geostatistical studies.The company has now released version 2020.02 of Isatis.neo, which includes tools from the previous version of Isatis that users found beneficial. These in...Read More

Here are five Fastmarkets stories you might have missed on Monday April 6 that are worth another look.Italian stainless steelmaker Acciai Speciali Terni (AST) has resumed production, following a week of downtime in response to the coronavirus pandemic, sources told Fastmarkets on April 6.The Covid-19 pandemic may have just sealed the fate of already-struggling aluminium smelting capacity.Chile's s...Read More

The London Metal Exchange three-month tin price closed trading higher on Monday April 6, with thin volumes across the complex allowing it capture the bulk of price gains, while aluminium entering LME warehouses put the light metal under pressure. LME tin's underlying price closed at $14,280 per tonne on Monday afternoon, climbing from an intraday low of $14,140 per tonne, while just 188 lots of ti...Read More

captainewaveemail: admin@captainewave.comwebsite: www.captainewave.comApril 6, 2020SP500:Long Term Update: The SP500 moved sharply lower this past week, reaching 2447.49, and closed at 2488.65.  If our wave iv irregular type corrective pattern is the correct analysis then it is complete at the 2191.86 high and the SP500 is now poised to rally “impossibly” to all time new high...Read More

The Covid-19 pandemic may have just sealed the fate of already-struggling aluminium smelting capacity. At under $1,500 per tonne, aluminium cash prices on the London Metal Exchange are at levels last seen in 2015 and not far shy of the lows seen during the 2008-09 financial crisis. Estimates are that as much as half the world's smelters are now under water, meaning cuts and/or closures are inevita...Read More

Jack ChanPosted Apr 6, 2020Gold sector as represented by $HUI is on a long-term BUY signal.Long-term signals can last for months and are more suitable for investors.Short-term is on BUY signal. Short-term signals can last for days and weeks and are more suitable for traders.Speculation continues to pullback from recent high.Speculation remains high despite new low.Our ratio is on BUY signal.Gold r...Read More

Here are five Fastmarkets stories you might have missed on Monday April 6 that are worth another look.Italian stainless steelmaker Acciai Speciali Terni (AST) has resumed production, following a week of downtime in response to the coronavirus pandemic, sources told Fastmarkets on April 6.The Covid-19 pandemic may have just sealed the fate of already-struggling aluminium smelting capacity.Chile's s...Read More

The federal government announced temporary changes to the foreign investment review framework designed to protect Australia's national interest as it deals with the economic implications arising fromRead More

Seaborne manganese ore prices in China soared in the week ended Friday April 3, driven by strength in the portside market following supply concerns after South Africa's nationwide lockdown permeated the seaborne market. South Africa entered a 21-day nationwide lockdown on Thursday March 26 and ordered the country's metals and mining operations to be placed on care and maintenance. South Afric...Read More

The European high-carbon ferro-chrome market cemented its recovery over the past week, with industry sources reporting higher spot prices amid supply worries from South Africa and India, both of which are on multi-week lockdowns. The low-phosphorous price also ticked up week on week, as did Turkish lumpy chrome ore, while the UG2 index to China remained flat. Sources attributed the price rises to...Read More

Here are five Fastmarkets stories you might have missed on Monday April 6 that are worth another look.Italian stainless steelmaker Acciai Speciali Terni (AST) has resumed production, following a week of downtime in response to the coronavirus pandemic, sources told Fastmarkets on April 6.The Covid-19 pandemic may have just sealed the fate of already-struggling aluminium smelting capacity.Chile's s...Read More

"In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value." Alan Greenspan, American economist, Former Chair of the Federal Reserve 1987-2006, firm Greenspan Associates LLC; b. 1926 "Gold is a currency. It is still, by all evidence, a premier currency, where no fiat currency, including the dollar, can match it...Read More

The recent range trade in gold and silver will be broken soon and a new range will be formed. Physical gold supplies are expected to rise with Swiss gold refiners opening. I am doubtful whether they will be able to meet the current demand. Gold mines supplies are less. Russia has said that it's central bank will not buying gold at the moment. Russia will sell it mined gold in the market. Russia'...Read More

Turkish deep-sea scrap import prices have started to rebound on tightening supply, although no transactions have been made, sources told Fastmarkets on Monday April 6.Several sources reported a Baltic Sea offer at $240 per tonne cfr for HMS 1&2 (80:20), while mills' bids were no higher than $220 per tonne.The most recent deep-sea transactions were heard at the start of last week and put the HMS 1&...Read More

The Turkish domestic scrap market was stable over the past week but prices are expected to increase soon due to tightening supply, sources said on Monday April 6.Fastmarkets' weekly price assessment for steel scrap, auto bundle scrap, domestic, delivered Turkey, was 1,380-1,515 lira ($206-226) per tonne on Monday, unchanged week on week.Long and flat steelmaker ??olakoglu maintained its buy price...Read More

Global ferrous scrap prices continued to move downward in the week ended Friday April 3, with reaction to the Covid-19 pandemic responsible for further lockdowns around the world, bringing trading to a halt in key export markets.Turkish import prices plungeUS export market pausesTaiwan import price dips on lower demandTrading remains at a halt in India.TurkeyPrices for scrap imported into Turkey f...Read More

Three-month base metals prices on the London Metal Exchange were up across the board this morning, Monday April 6, as were gold and silver prices.Continued declines in the daily Covid-19 death tolls reported in Italy and France have lifted hopes that the virus can be brought under control, as seen in China. China's financial markets are closed on Monday for a public holiday, but other Asian-Pacifi...Read More