Gold has big year in 2020 and outlook for this year robust. Learn about monetary expansion and gold future prices.Read More
The gold futures price reached US$1,767/ounce this week before retreating, which was the second time it has surpassed US$1,760 in the past two months, marking some of gold's highest levels in several years.Read More
Dave KranzlerA Global Race To Zero In Fiat Currencies......ushers in the restoration of price discovery in the precious metals market. The price of gold is at or near an all-time in most currencies except the dollar. This summer, however, it would appear that the dollar-based valuation of gold is starting to break the "shackles" of official intervention and is beginning reflect the underlying fu...Read More
The Minerals Council of Australia published a report titled The Next Frontier: Australian Mining Policy Priorities where it asks the government to advanced a revived tax reform that removes barriers that hinder the growth of the country's mining sector.According to the Council, such reform would encourage additional investment in capital and technology."Australia should have strong tax integrity r...Read More
Seaborne iron ore concentrate and pellet prices surged in the week to Friday July 17, inspired by higher prices for mid- and high-grade fines, traders told Fastmarkets.Fastmarkets iron ore indices66% Fe concentrate, cfr Qingdao: $119.24 per tonne, up $6.63 per tonne from $112.61 per tonne a week earlier. 65% Fe blast furnace pellet, cfr Qingdao: $128.28 per tonne, up $8.11 per tonne from...Read More
It seems fitting that the year we are expecting to see an unprecedented rise in US government spending and money-printing to spur an economic recovery, marks the 50th anniversary of the end of the gold standard.Done at the time to fight an economic crisis, we are still feeling the effects of this disastrous decision, five decades on.In this article, we explain why President Nixon did what he did,...Read More
A union at Chile's Sierra Gorda copper mine, controlled by Polish mining company KGHM, could go on strike this week after rejecting the latest offer in contract negotiations, the union leader told Reuters on Monday.The company still has until the end of Tuesday to request government mediation to help reach a deal with the union of 520 workers."I hope they will be ready to have an agreement because...Read More
China's No.1 gold producer Zijin Mining plans to issue 8 billion yuan (about $1.2 billion) worth of shares in Shanghai to finance the acquisition of Canada's Nevsun Resources (TSX, NYSEMKT:NSU), the biggest overseas purchase since the Beijing-backed miner went public in Hong Kong in 2003.Zijin aims to sell up to 3.4 billion A shares to investors in China, in a plan which is subject to shareholder...Read More
Steel wire rod producers in Southern Europe were largely staying away from the market and holding back new offers, while scarce deals were heard done at substantially higher prices during the week amid a surge in the scrap and global long steel markets, Fastmarkets heard on Wednesday May 12.Fastmarkets' weekly price assessment for steel wire rod (mesh-quality), domestic, delivered Southern Europe,...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 43 points at 8:35 AM EDT.FedEx gained $14.38 to $264.90 following release of higher than consensus first quarter earnings. The company also offered positive guidance. KB Homes slipped $0.81 to $47.25 despite reporting higher than consensus fiscal third quarter earnings. The company also reported less than consensus sa...Read More
RAPAPORT... US consumers are planning to spend 4% more this holidayseason, as shoppers between the ages of 18 and 34 expand their circle of giftrecipients, according to the National Retail Federation (NRF). "Younger consumers are helping drive the spending increasethis year," Phil Rist, executive vice president of strategy at ProsperInsights, which ran a survey with the NRF, saidlast we...Read More
U.S. equity index futures were mixed this morning. S&P 500 futures were up 1 point at 7:30 AM EDT.A tentative labour agreement between railway companies and their unions was reached this morning.A series of U.S. economic news is scheduled to be released before the opening todayAugust Retail Sales released at 8:30 AM EDT are expected to increase 0.5% versus a gain of 0.8% in July. Excluding aut...Read More
We are coming back to Vancouver, BC, Jan 19/20 Last year over 8000 people showed up to listen to forecasts about the ...Read More
Speculators have both sold all the silver-futures longs they are likely to as well as done all their probable short selling. That leaves room for nothing but...by Adam Hamilton of Zeal LLCSilver has suffered a series of sharp selloffs since mid-June, serious collateral damage from gold-futures speculators' fears of Fed tightening. Naturally silver bearishness has steadily mounted in recent mo...Read More
This video was filmed on January 5, 2023. 2022 is over, and to kick off the new year, the Investing News Network asked five ...Read More
Giyani Metals Corp (TSX-V:EMM, OTC:CATPF) CEO Charles FitzRoy discusses a portfolio refocusing in Botswana as Giyani ...Read More
In this episode Jim shares some excellent advice about how you should approach investing and what the next 10 to 20 years could turn out for the global economy. He suggests that North Korea, Russia and agriculture are contrarian bets that will have positive payoffs for those of us willing to go against the crowd. Also, I ask him about his views on cryptos and blockchain and whether he as any advic...Read More
It's not an accident that we got a move in the opposite directions gold and silver. Coming into the New Year everything was going for us. Juniors were leading the miners, metals were ready to take the lead. And then the rug was pulled out from under us all of us. David warned his subscribers that he was taking profits the first week of the year. The weekly gold close went under $1850. Is gold maki...Read More
Zero Hedge, Released on 10/14/21Over the weekend, we showed a staggering wealth distribution statistic cementing the US status as a banana republic: according to Fed data which breaks Continue... Pandemic Wiped Out Entire Savings Of 20% Of US Households added by Herman James on 10/14/2021View all posts by Herman James ?+'Read More
Prices in Southeast Asia's steel billet market climbed during the week ended Friday October 18 because of higher scrap prices in the bellwether Turkish market and a closing arbitrage window for billet imports into China.Chinese buyers were reported to have booked two cargoes involving at least 50,000 tonnes of Malaysia- and India-origin billet at $395-400 per tonne cfr China, while another transac...Read More
Recording date: 14th July 2022 I really look forward to these banter sessions with Nick (go follow him on Twitter: @Grainjones).Read More
Chinas race to contain the coronavirus (2019-nCov), combined with its financial stimulus, are providing the markets with more than enough hope, with risk-on being seen across most of the metals and many equity indices, especially in western markets, this morning, Monday February 17. But this apparent confidence is likely to be fragile as there is still much uncertainty surrounding the virus...Read More