Inflationremains low, while Powell signals dovish Fed for years. Good for gold. The US CPI inflation ratedeclined 0.1 percent in May, following a0.8 percent drop in April. The decrease was mainly driven by decreases in energy,transportation and apparel prices. The core CPI also declined 0.1 percent, following a 0.4percent drop in April. It was the third consecutive monthly decline, whichhappened f...Read More
No one knows what America is going to look like a year from now. Between the pandemic, the ongoing social unrest, the coming election, and the never-ending game of geopolitics, there's no telling what the climate in this country will be in 365 days. And while all of those aspects play important roles, it's perhaps the pandemic that will have the longest-lasting effect on life in the United State...Read More
"The proof is always in the drill results." When last we spoke to Great Bear Resources Ltd. (TSX-V: GBR) CEO Chris Taylor three ...Read More
Newmont Mining CEO Tom Palmer discussed why the company runs business as if gold is at the bottom of the cycle.Read full newsRead More
Stewart Thomson, Graceland Updates 1. Gold investors are eager to see the current price reaction end and a fresh uptrend begin. Oscillator buy signals, rising volume, and bullish price patterns are beginning to appear in some gold stocks, and that's a good sign. 2. Please click here now. Double-click to enlarge this daily gold chart. The best word to summarize both the fundament...Read More
By: Ira EpsteinGold 1706.20 support, swingline in gold's favor. 18-dma at 1728 area:Read More
Stewart Thomson, Graceland Updates 1. Gold investors are eager to see the current price reaction end and a fresh uptrend begin. Oscillator buy signals, rising volume, and bullish price patterns are beginning to appear in some gold stocks, and that's a good sign. 2. Please click here now. Double-click to enlarge this daily gold chart. The best word to summarize both the fundament...Read More
By: Ira EpsteinGold 1706.20 support, swingline in gold's favor. 18-dma at 1728 area:Read More
BP CEO Bernard Looney said in a report published Wednesday that some aspects of the energy systemRead full newsRead More
The Federal Reserve is not looking to raise interest rates from its zero-bound target for the next two years and according to Peter Grosskopf, CEO of Sprott ...Read full newsRead More
The COVID-19 pandemic and the ensuing policymaker response may have created a turning point for building materials and forest products stocks. On Monday, INK Canadian Index member CanWel Building Materials (CWX) provided a business update in which it noted that, subsequent to reporting Q1 results, it had seen steady end-market demand resulting in an 8% increase in year. While the company reduced...Read More
Arctic watchers fear 150,000 barrels of diesel oil from a ruptured fuel tank at a Russian nickel mine will spill into the Arctic Ocean, as cleanup efforts falter.Read full newsRead More
Greatland Gold could be a fantastic bargain at current levels if the company's able to live up to its full potential, based on current estimates. The post Is Greatland Gold the bargain you need to buy today? appeared first on The Motley Fool UK.Read full newsRead More
Here are five Fastmarkets stories you might have missed on Tuesday June 16 that are worth another look.Swedish stainless steel producer Sandvik is to cut 429 jobs from its Sandvik Materials Technology division later this year because of the negative impact on business of the Covid-19 pandemicFerrous scrap prices have ticked up slightly in Mexico, although overall steel production and industrial ac...Read More
The unveiling of the US Federal Reserve's corporate bond purchase program late in the European trading day on Monday June 15 revived investor confidence in commodities on Tuesday, boosting LME three-month base metals prices. Donald Trump's administration is currently considering a potential infrastructure bill valued at nearly $1 trillion, fueling risk-on sentiment across the LME base metals compl...Read More
China has released a minimal amount of quotas in its eighth announcement in 2020 to allow importers to source copper and aluminium scrap from overseas, Fastmarkets understands. An extra 1,570 tonnes of copper scrap and 5,840 tonnes of aluminium scrap could be allocated for import into the country this year, the environmental ministry said on Tuesday June 16.So far...Read More
"Despite the recent correction, the S&P 500 has recouped most of its losses since the start of the crisis; the FTSE emerging market index and Africa index are substantially improved; the BovespaRead More
Here are five Fastmarkets stories you might have missed on Tuesday June 16 that are worth another look.Swedish stainless steel producer Sandvik is to cut 429 jobs from its Sandvik Materials Technology division later this year because of the negative impact on business of the Covid-19 pandemicFerrous scrap prices have ticked up slightly in Mexico, although overall steel production and industrial ac...Read More
The electric vehicle (EV) sector will continue to find support in the medium term despite the overall impact of Covid-19 on global automotive output in 2020, according to battery materials manufacturer Umicore. The Belgian company anticipates a 25% decline in total global automotive production this year, but while the coronavirus and its impact on the global economy have clouded the outl...Read More
Here are five Fastmarkets stories you might have missed on Tuesday June 16 that are worth another look.Swedish stainless steel producer Sandvik is to cut 429 jobs from its Sandvik Materials Technology division later this year because of the negative impact on business of the Covid-19 pandemicFerrous scrap prices have ticked up slightly in Mexico, although overall steel production and industrial ac...Read More