Turkish steel producers have continued to book deep-sea scrap cargoes for June delivery, sources said on Wednesday May 30.A steel producer in the Marmara region booked a European cargo, comprising 26,500 tonnes of HMS 1&2 (80:20), 10,000 tonnes of shredded and 10,000 tonnes of bonus at an average price of $336 per tonne cfr late on May 29.With the news of this European transaction, the daily indic...Read More
May 30, 2018 (Investorideas.com Newswire) An Echelon Wealth Partners report reviewed the results of the initial study on one of this company's 100%-owned, high-grade gold properties in Quebec.In a May 24 research note, analyst Ryan Walker with Echelon Wealth Partners reported that Eastmain Resources Inc. (ER:TSX) announced "positive summary results" of the preliminary economic assessment (PEA) of...Read More
Via Sovereignman.comOn April 2, 1792, George Washington signed into law what's commonly referred to as the Mint and Coinage Act.It was one of the first major pieces of legislation in the young country's history... and it was an important one, because it formally created the United States dollar.Under the Act, the US dollar was defined as a particular amount of copper, silver, or gold. It wasn't ju...Read More
May 30, 2018 (Investorideas.com Newswire) Bob Moriarty of 321 Gold profiles a miner with a project in Ontario that it intends to put in production in 2021.Treasury Metals Inc. (TML:TSX; TSRMF:OTCBB) intends to put the next gold mine into production in Northwest Ontario in 2021. On May 30th they released results from a 2018 drill program. To date this year they have completed 11,591 meters in 17 ho...Read More
Via Sovereignman.comLast week, the financial services giant Northwestern Mutual released new data showing that 1 in 3 Americans has less than $5,000 in retirement savings.It's an unfortunately familiar story. And Northwestern Mutual's data is entirely aligned with other research we've seen in the past, including our own.The Federal Reserve's most recent Survey of Consumer Finances, for example, sh...Read More
Cranbrook, British Columbia (FSCwire) - Eagle Plains Resources Ltd. (TSX-V:EPL) ("EPL" or "Eagle Plains") has mobilized crews to commence a 4,100' (1,250m), 3-hole diamond drilling program on the 70,000 ha property located near Creston, BC. The Iron Range is owned 100% by Eagle Plains and is considered to hold significant potential to host gold and/or sedex-type base-metal mineralization....Read More
China is likely to take an economic hit from its crackdown on scrap imports, prompting it to adopt a more pragmatic approach in the future, panelists of the Bureau of International Recycling's (BIR) International Trade Council said at the association's Barcelona conference. China has announced several drastic measures to curtail the import of scrap into the country in recent months. The country's...Read More
Vancouver, British Columbia - May 30, 2018 (Newsfile Corp.) (Investorideas.com Newswire) Viscount Mining Corp. (TSXV: VML) (OTCQB: VLMGF) ("Viscount" or "the Company"), is pleased to announce an initial mineral resource estimate prepared by Dr. Gilles Arseneau, Ph.D., P. Geo of Arseneau Consulting Services ("ACS") in accordance with the Canadian Institute of Mining, Metallurgy and Petroleum ("CIM"...Read More
Brad Williams explains, for the first time ever, there's a job opening for every unemployed worker. The big pickup in job openings has done what's not ever been accomplished in the nearly two-decade history of this economic series - there's now a job opening for every unemployed worker. According to the latest data from the Job Openings and Labor Turnover Survey, there were 6.55 job openings in Ma...Read More
Via Sovereignman.comOn October 22, 1981, the national debt in the United States crossed the $1 trillion threshold for the first time in history.It took nearly two centuries to reach that unfortunate milestone.And over that time the country had been through a revolution, civil war, two world wars, the Great Depression, the nuclear arms race... plus dozens of other wars, financial panics, and econom...Read More
China's ferrous futures started the day low on Wednesday May 30 but most contracts ended the morning session higher, with the exception of that for iron ore.Futures closing prices - morning session Shanghai Futures Exchange October rebar: 3,644 yuan ($567.90) per tonne, up 19 yuan per tonne October hot-rolled coil: 3,868 yuan per tonne, up 23 yuan per tonne Dalian Commodity Exchange September iron...Read More
Vancouver, British Columbia - May 30, 2018 (Newsfile Corp.) (Investorideas.com Newswire) Power Americas Minerals Corp. (TSXV: PAM) ("Power Americas" or the "Company") is pleased to announce it has signed an agreement to purchase the historic Thomas Edison mine located in the heart of the Kittson-Cobalt project. The mine lies on the same fracture system that hosts the historic Shakt-Davis mine loca...Read More
The comments below are an edited and abridged synopsis of an article by Sebastian EdwardsEvery time the debt ceiling is debated in Congress, politicians and journalists dust off a common trope: The US doesn't stiff its creditors. There's just one problem: It's not true.In April 1933, President Franklin Roosevelt announced plans to take the US off the gold standard and devalue the dollar.In June 19...Read More
Eric Hadik joined us for a look at current market conditions. With the exception of the US$, everything has pretty much been trendless or sideways. But getting towards the end of the year, Eric sees that all changing. Oil could be breaking $75 per barrel, gold could be hitting or exceeding $1450 per ounce and there could be declines in bonds and the stocks. As he explains, it's all connected and t...Read More
This shouldn't surprise anyone, but public trust in the federal government is eroding. Sixty years ago, 75 percent of Americans expressed faith in the government to do the right thing "most of the time" or "just about always." Seventy-five percent! You can't get 75 percent of people to agree on anything now, as the recent "Laurel or Yanny" video proved.Today, only one in five Americans, or 20 pe...Read More
An Echelon Wealth Partners report reviewed the results of the initial study on one of this company's 100%-owned, high-grade gold properties in Quebec. In a May 24 research note, analyst Ryan Walker with Echelon Wealth Partners reported that Eastmain Resources Inc. (ER:TSX) announced "positive summary results" of the preliminary economic assessment (PEA) of its Eau Claire project in Quebec. "Our m...Read More
May 30, 2018 (Investorideas.com Newswire) Eight Capital reviewed the new assay results from this miner's Val d'Or project.A May 17 research report indicated the Deep A zone at Wesdome Gold Mines Ltd. (WDO:TSX) Kiena complex "continues to impress," based on just released assays from five drill holes there, wrote analyst Craig Stanley with Eight Capital. "All intersected gold mineralization greater...Read More
Comex copper prices eased on Wednesday May 30 morning in the US, presenting a dip-buying opportunity for the market.Copper for July settlement on the Comex division of the New York Mercantile Exchange declined 1.4 cents or 0.46% to $3.0485 per lb."For the moment we view the weakness on Wednesday...Read More
Seattle mining data analytics start-up DataCloud has launched its MinePortal rock data management and analysis product, which it claims can help mining companies boost productivity and profits. The firm, which has ASX-listed mining explosives major Orica (ORI) as a key investor, describes MinePortal as a cloud-based service that can provide real-time drill data, geological model, rock property, an...Read More