The London Metal Exchange three-month tin price was the standout performer during morning trading on Wednesday March 25, while its peers were suppressed by a pessimistic market reaction to global financial stimulus announced to combat the economic effects of the novel coronavirus (nCoV 2019). "It seems that the market has realized that huge stimulus packages to rebuild economies means just that, a...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 27 points in pre-opening trade. Index futures were virtually unchanged following release of the February Durable Goods Orders report at 8:30 AM EDT. Consensus was a decline of 0.8% versus an upwardly revised gain of 0.1% in January. Actual was an increase of 1.2%. Excluding Transportation Orders, consensus was a drop...Read More
The Netherlands is extending a partial lockdown until June to 1 to combatthe coronavirus (2019-nCoV) pandemic but the Port of Rotterdam, Europe's largest port by cargo tonnage, will remain operational, the Port Authority said"The port is working as usual and operations continue 24/7," Allard Castelein, president and chief executive officer of the Port of Rotterdam, said in a statement on Tuesday M...Read More
Key data from Fastmarkets' pricing session in Europe on Wednesday March 25. Key drivers There are supply worries due to the novel coronavirus (2019-nCoV) pandemic. Some suppliers say they are logistical troubles, although many steelmakers have cut production, leaving markets reasonably balanced for now. Titanium scrap prices also steady and like alloy may be subject to higher offer pri...Read More
QUESTION: The goldbugs hate you, but they read you. Now they are claiming that the virus will kill fiat currencies. My question is simple. If the government cancels the paper currencies and moves everything to digital, what is the difference? Isn’t that still their claimed fiat currency?PGANSWER: Yes. They refuse to surrender their idea that money must be backed by some commodity. They canno...Read More
ELKO, Nevada, March 25, 2020 /PRNewswire/ -- U.S. Gold Corp. (NASDAQ: USAU) today is pleased to announce that it will hold live electronic investor update calls on March 31, 2020 and April 7, 2020 at 11:30 am ET hosted by CEORoadshow. Mr. Edward Karr, President & CEO will update listeners and USAU shareholders on the outlook for the Company and will be available for questions after the initia...Read More
In November, Moody's Investors Service forecast G-20 economies in 2020 would grow by 2.6%, but now estimates real GDP will contract by 0.5%, followed by a pick-up to 3.2% in 2021.The ratings agency projects "cumulative contraction" over the first and second quarters of 2020 of 5.4% in Germany, 4.5% in Italy, 4.3% in the U.S., 3.9% in the U.K. and 3.5% in France."Although supportive fiscal and mone...Read More
Chile's copper miner Codelco may not regain its position as the world's top producer of the red metal this year, as delays in upgrades and expansion projects caused by measures to stop the spread of the coronavirus add to the impact of low prices and lack of funding.The miner, which hands all its revenue over to the state, was in the midst of implementing a US$40 billion, 10-year modernization of...Read More
The gold price rallied again in spectacular fashion on Tuesday, as panicked investors scrambled for hard assets on the back of COVID-19 closures of mines and refineries and unprecedented monetary action by the U.S. central bank.On the Comex market in New York, gold for delivery in April, the most active contract, closed the session at US$1,660 per oz., up US$93 compared to Monday's close. Earlier...Read More
Cardinal heading down familiar gold roadSPONSOREDcardinal resourcesSarama right in the middle of big exploration, corporate build-upSPONSOREDsarama resources Exore excels in Cote d'IvoireSPONSOREDexore resourcesThe convenience of one provider with pay-as-you-need flexibilitySPONSOREDmicromineDay two of self-isolation: bored mental but looking on the bright side; my hands have never been cleane...Read More
Yields on both the 1-month and 3-month Treasury bills dipped below zero WednesdayRead full newsRead More
The Canadian miner is studying options to maintain control.Read full newsRead More
Customers must sell their gold, silver and platinum this week. Otherwise, ABN Amro will do that for them...Read full newsRead More
The success of the EU industrial strategy and the European Green Deal will depend on the EU's ability to achieve climate neutrality whilst maintaining its competitiveness (including growth, jobs, and technological leadership). Nuclear energy can contribute to making this a reality.Read full newsRead More
(Kitco News) - Prices for platinum group metals are bouncing higher Tuesday as the physical market is expected to become a lot tighter as South Africa prepares to shut down its mines in its effort to slow the spread of the coronavirus.Read full newsRead More
Greenlane Renewables Inc. is a pioneer in the rapidly emerging renewable natural gas (RNG) market.Read full newsRead More
Customers must sell their gold, silver and platinum this week. Otherwise, ABN Amro will do that for them...Read full newsRead More
Senior Technical Analyst Jim Wyckoff prepares investors with an overview of how the markets opened and closed. What moved metal prices? How do the technicals look? By looking at important developmentsRead full newsRead More
The Dow Jones Industrial Average saw its gains firm Wednesday midday, helping the blue-chip index find purchase above the psychologically significant level...Read full newsRead More
"@graddhybpc If the chart from Feb 28thRead full newsRead More