Share this articleMONTREAL - The Quebec government has declared that home builders, miners and landscapers provide essential services and can return to work despite COVID-19 restrictions that have brought much of the economy to a halt.Premier Francois Legault first announced Monday that some residential construction would resume with new guidelines to keep workers safe."We've ensured, along wit...Read More

Share this articleTORONTO - Agnico Eagle Mines Ltd. is taking steps to restart its operations in the Abitibi region of Quebec this week as restrictions in the province allow a gradual resumption.The gold miner's operations in Quebec include the LaRonde complex, the Goldex mine and the Canadian Malartic mine.The company put the Quebec mines on care and maintenance last month after mining operations...Read More

Here are five Fastmarkets stories you might have missed on Tuesday April 14 that are worth another look.Toyota Motor Corp has decided to again postpone the reopening of its automaking plants in Brazil by two months amid plunging demand and in order to prevent the Covid-19 virus from spreading among its workers, the company said on Monday April 13.The Covid-19 pandemic has inevitably drawn comparis...Read More

Toyota Motor Corp has decided to again postpone the reopening of its automaking plants in Brazil by two months amid plunging demand and in order to prevent the Covid-19 virus from spreading among its workers, the company said on Monday April 13.Three units in S??o Paulo state are scheduled to resume activities by June 22, while another plant in a nearby region will reopen on June 24, Toyota said....Read More

Seabridge Gold (TSX: SEA, NYSE: SA) holds a 100% interest in several vast North American gold resource projects. The Company's principal assets are the KSM and Iskut properties, located near Stewart, British Columbia, Canada and the Courageous Lake gold project, located in Canada's Northwest Territories. Rudi Fronk, Co-founder, Chairman and CEO of Seabridge Gold, believes we are now in a new bull...Read More

Export sales of flat steel from the Commonwealth of Independent States (CIS) to Turkey and Asia continued at low prices during the week ended Tuesday April 14, sources have told Fastmarkets.Fastmarkets' weekly price assessment for steel hot-rolled coil, export, fob Black Sea, CIS, was $360-370 per tonne on Tuesday, narrowing downward from $360-375 per tonne a week before.Russian producers sold lar...Read More

"The markets are moved by animal spirits, and not by reason." - John M. Keynes If I could get away with it I'd light off a string of curses including goats, sisters, and heinous acts that would make a gold miner blush. What the ever-loving hell are people smoking? Here is the S&P 500 ETF SPY:The NASDAQ is up 3.5% today. The Dow Jones is up 643 points. WTI crude is at $21.84 and gold is at $1,780...Read More

A big debate is raging in markets right now. Will it be debt deflation, the D-economy, or government-led inflation, the G-economy? We revisit the question in our latest Insights drawing on last Friday's Real Vision episode When the Whole Daisy Chain Unwinds.James Aiken and Raoul PalINK CEO Ted Dixon also tackles the D vs G issue in the featured clip of the week where he also reveals a way to save...Read More

Steel output at ArcelorMittal Kryvyi Rih (AMKR) in Ukraine dropped by 7.14% year-on-year in the first quarter of 2020 on the negative effects of the Covid-19 pandemic.The steelmaker produced 1.3 million tonnes of crude steel in January-March 2020, against 1.3 million tonnes in the corresponding period last year.At the same time, the volume of finished products totaled 1.2 million tonnes in the fir...Read More

Special bar quality (SBQ) steel spot prices in the United States have dropped considerably due to reports of cold-finished bar base price cuts by domestic mills, widespread discounting and declining ferrous scrap prices, Fastmarkets has learned. Swift and significant price declinesAccording to multiple sources, a domestic mill this month reduced base prices by $60 per short ton ($3 per h...Read More

Steel billet import prices in the United Arab Emirates increased over the past week, but demand remained weak after curfews were introduced in several Gulf Co-operation Council (GCC) countries, sources said on Tuesday April 14.Saudi Arabia announced a 24-hour curfew in the cities of Riyadh, Tabuk, Dammam, Dharan and Hofuf, and in the provinces of Jeddah, Taif, Qatif and Khobar, commencing on the n...Read More

Ferrous scrap prices in the Mexican steelmaking regions of Monterrey and Baj?-o were mostly unchanged week on week, but market participants anticipated a series of price cuts after the United States' monthly domestic scrap settlement for April.Some steel producers in Mexico's Baj?-o region announced a price cut of 200 pesos per tonne in scrap purchases for the ongoing week, after it became known t...Read More

Turkish deep-sea scrap import prices increased again on Tuesday April 14 because of the limited supplies coming from Europe and the United States, sources told Fastmarkets.A steel mill in the Iskenderun region booked a US cargo, comprising 15,000 tonnes of HMS 1&2 (80:20) at $257 per tonne, 12,000 tonnes of shredded at $262 per tonne and 3,000 tonnes of bonus at $267 per tonne cfr.Another steel mi...Read More

Turkish domestic ferrous-scrap prices have continued to increase during the week to Monday April 13, in line with rising imported steel-scrap values, sources told Fastmarkets.Fastmarkets' weekly price assessment for steel scrap, auto bundle scrap, domestic, delivered Turkey was 1,515-1,700 lira ($224-252) per tonne on Tuesday April 14, up from 1,380-1,515 lira per tonne last week.Steel producers a...Read More

By Craig HemkeThese are dark times for The Bullion Banks. Their Fractional Reserve and Digital Derivative Pricing Scheme is in great peril as refineries, miners, and mints all shut down in response to the coronavirus pandemic. Will these Banks be able to scrounge up enough physical metal to keep their scheme afloat through June? That remains an open question. You may recall that we've been warni...Read More

Gold and gold stocks are among the highest performing assets of 2020 so far as investors seek a haven amid the coronavirus-fueled rout, and as central banks and governments around the world roll out unprecedented monetary and fiscal measures in an effort to mitigate the economic impact of the "Great Lockdown." That's the name the International Monetary Fund (IMF) has given this uncertain period,...Read More

The continuing rebound of scrap prices in the global market supported the efforts of CIS steel billet producers to achieve higher sales prices despite the limited demand resulting from the Covid-19 pandemic, Fastmarkets heard on Tuesday April 14.A cargo of Russia-origin billet was reported sold to Turkey late last week for around $368-369 per tonne cfr, equivalent to around $355 per tonne fob Blac...Read More

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APR 14, 2020 By: Steven FeldmanCEO, Gold Bullion International ( www.bullioninternational.com)CEO, Auvere ( www.auvere.com)Retired partner, Goldman SachsCurrent Wealth Management Client, Goldman Sachs Private BankAs a former partner of Goldman Sachs (GS) and current gold industry executive, it came as no surprise when dozens of customers and colleagues reached out to me this week to get my take...Read More

April 14, 2020 1. Another "golden week" is underway, and both the miners and bullion are off to a great start!2. Please click here now. Gold bullion ETF purchases are soaring. For the SPDR fund (GLD-NYSE), total tonnage has moved above the key 1000 tonnes marker. 3. With the Corona virus, here's where the rubber meets the road: No government has accumulated any savings t...Read More