Recent News

ECR Minerals raises ?500k to fund gold projects in 2020 as third-party interest continues

April 06, 2020 / ow.ly

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

Stock Futures Soar Amid Upbeat COVID-19 Rhetoric

April 06, 2020 / www.schaeffersresearch.com

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

Torex Gold suspends El Lim??n Guajes mine output due to Mexico's COVID-19 rules

April 06, 2020 / dlvr.it

(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

IN CASE YOU MISSED IT: 5 key stories from April 3

April 06, 2020 / www.metalbulletin.com

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

IN CASE YOU MISSED IT: 5 key stories from April 3

April 06, 2020 / www.metalbulletin.com

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

IN CASE YOU MISSED IT: 5 key stories from April 3

April 06, 2020 / www.metalbulletin.com

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

How much gold does China really have and how will it be used?

April 06, 2020 / news.goldseek.com

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

Gresham's Law And The Gold And Silver Squeeze

April 06, 2020 / news.goldseek.com

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

Precious Metals Update Video: Gold coming back up, silver had a good week

April 06, 2020 / news.goldseek.com

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

Notes from Lockdown

April 06, 2020 / news.goldseek.com

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

'I will be watching carefully': Elizabeth Warren just put the Treasury Department and Federal Reserve on notice about the $500 billion corporate bailout fund

April 06, 2020 / marketsanity.com

"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

Gerdau to idle one blast furnace at Ouro Branco mill, halt long steel rolling

April 06, 2020 / www.metalbulletin.com

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 No3 blast furnace at Tubar??o to remain idle until market recovers

April 06, 2020 / www.metalbulletin.com

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 calls for 75% cut to EU steel import quotas because of 'unprecedented implosion' of market

April 06, 2020 / www.metalbulletin.com

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

IN CASE YOU MISSED IT: 5 key stories from April 3

April 06, 2020 / www.metalbulletin.com

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

How much gold does China really have and how will it be used?

April 06, 2020 / news.goldseek.com

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

Gresham's Law And The Gold And Silver Squeeze

April 06, 2020 / news.goldseek.com

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

Precious Metals Update Video: Gold coming back up, silver had a good week

April 06, 2020 / news.goldseek.com

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

Notes from Lockdown

April 06, 2020 / news.goldseek.com

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

IN CASE YOU MISSED IT: 5 key stories from April 3

April 06, 2020 / www.metalbulletin.com

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

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