ECR Minerals (LSE:ECR) has raised ?500,000 in a 100 million share equity placing at 0.5p per share to ensure it is fully funded for the rest of 2020. Chief...Read full newsRead More
Oil prices are signaling a pullback today Dow Jones Industrial Average (DJI) futures look ready to kick off the week with a flourish, sitting over 700 points above fair value.Futures on the Nasdaq-100 Index (NDX) and S&P 500 Index (SPX) are also sharply higher before the open,as investors are encouraged by somewhat upbeat coronavirus rhetoric coming from the White House yesterday that touted s...Read More
(Kitco News) - Torex Gold Resources Inc. (TSX: TXG) late Thursday announced that operations will be temporarily suspended at the company's El Lim??...Read full newsRead More
Here are five Fastmarkets stories you might have missed on Friday April 3 that are worth another look.Polish coal miner Jastrzebska Sp??lka Weglowa (JSW), the largest coking coal producer in Europe, declared force majeure to its clients on Thursday April 2 due to the effects of the Covid-19 pandemic on its operations, in a statement seen by Fastmarkets.The benchmark for the supply of aluminium to...Read More
Here are five Fastmarkets stories you might have missed on Friday April 3 that are worth another look.Polish coal miner Jastrzebska Sp??lka Weglowa (JSW), the largest coking coal producer in Europe, declared force majeure to its clients on Thursday April 2 due to the effects of the Covid-19 pandemic on its operations, in a statement seen by Fastmarkets.The benchmark for the supply of aluminium to...Read More
Here are five Fastmarkets stories you might have missed on Friday April 3 that are worth another look.Polish coal miner Jastrzebska Sp??lka Weglowa (JSW), the largest coking coal producer in Europe, declared force majeure to its clients on Thursday April 2 due to the effects of the Covid-19 pandemic on its operations, in a statement seen by Fastmarkets.The benchmark for the supply of aluminium to...Read More
Dear Friend of GATA and Gold:A friend writes:"Here's a question for you."People like GoldMoney's Alasdair Macleod have stated that China has 20,000 to 25,000 tonnes of gold. Does this total refer just to the People's Bank of China or does it include all the gold that the central bank and the people of China have?"Is it possible that the total is much higher -- that the central bank has 20,000 to...Read More
Dave Kranzler"Bad money drives out good money." When Gresham put forth this proposition, sovereigns were diluting gold and silver coins with metals of lesser value yet the diluted coins were given the same value for legal tender purposes as the more pure coins. Gresham observed that the more pure coins would be hoarded and the lesser value coins would be used for trade.Sound familiar? Go fin...Read More
By: Ira EpsteinGold's long-term chart shows the support at the 18-week average, market remains in a positive posture from the bounce, back to challenging its highs.https://www.iraepstein.comRead More
All in the BattleSmall Business HelpBye-Bye, BuybacksChina PuzzleGlobal RecessionLightning RoundFinal ThoughtsA Personal MemoryIn times of change learners inherit the earth; while the learned find themselves beautifully equipped to deal with a world that no longer exists. Eric HofferGreetings from Puerto Rico, where this frequent traveler is evidently home for an unusually long time.I want to st...Read More
"The legislation gives you the authority to fill this gap: it gives you extraordinary powers to make discretionary decisions about the recipients of this huge bailout for big corporations, and the terms and conditions under which they receive aidContinue...Read More
Brazilian steelmaker Gerdau will idle the No2 blast furnace at its Ouro Branco mill, in the southeastern state of Minas Gerais, this month to adjust operations due to to currently weakened demand because of the Covid-19 pandemic, the company said on Friday April 3.Blast furnace No2 at Ouro Branco has capacity to produce 1.5 million tonnes per year of crude steel. Furnace No1, which will remain act...Read More
ArcelorMittal's Brazilian unit has clarified information about the shutdown of its No3 blast furnace in Tubar??o facility, in the country's southeastern Esp?-rito Santo state; the equipment will remain halted for an indeterminate period, the company told Fastmarkets on Friday April 3.The blast furnace has capacity to produce 2.8 million tonnes of crude steel per year. The Tubar??o unit supplies sl...Read More
Eurofer has requested an immediate reduction of 75% in EU safeguard quotas for imported steel to to support European industry during the crisis caused by the Covid-19 pandemic."Reflecting the unprecedented implosion of the European steel market, the current quota levels need to be drastically reduced immediately for a period of six months, and by about 75% to align them with the devastating situat...Read More
Here are five Fastmarkets stories you might have missed on Friday April 3 that are worth another look.Polish coal miner Jastrzebska Sp??lka Weglowa (JSW), the largest coking coal producer in Europe, declared force majeure to its clients on Thursday April 2 due to the effects of the Covid-19 pandemic on its operations, in a statement seen by Fastmarkets.The benchmark for the supply of aluminium to...Read More
Dear Friend of GATA and Gold:A friend writes:"Here's a question for you."People like GoldMoney's Alasdair Macleod have stated that China has 20,000 to 25,000 tonnes of gold. Does this total refer just to the People's Bank of China or does it include all the gold that the central bank and the people of China have?"Is it possible that the total is much higher -- that the central bank has 20,000 to...Read More
Dave Kranzler"Bad money drives out good money." When Gresham put forth this proposition, sovereigns were diluting gold and silver coins with metals of lesser value yet the diluted coins were given the same value for legal tender purposes as the more pure coins. Gresham observed that the more pure coins would be hoarded and the lesser value coins would be used for trade.Sound familiar? Go fin...Read More
By: Ira EpsteinGold's long-term chart shows the support at the 18-week average, market remains in a positive posture from the bounce, back to challenging its highs.https://www.iraepstein.comRead More
All in the BattleSmall Business HelpBye-Bye, BuybacksChina PuzzleGlobal RecessionLightning RoundFinal ThoughtsA Personal MemoryIn times of change learners inherit the earth; while the learned find themselves beautifully equipped to deal with a world that no longer exists. Eric HofferGreetings from Puerto Rico, where this frequent traveler is evidently home for an unusually long time.I want to st...Read More
Here are five Fastmarkets stories you might have missed on Friday April 3 that are worth another look.Polish coal miner Jastrzebska Sp??lka Weglowa (JSW), the largest coking coal producer in Europe, declared force majeure to its clients on Thursday April 2 due to the effects of the Covid-19 pandemic on its operations, in a statement seen by Fastmarkets.The benchmark for the supply of aluminium to...Read More