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
Bloomberg, Released on 5/18/23Jim Bianco is President and Macro Strategist at Bianco Research, L.L.C. Since 1990 Jim's commentaries have offered a unique perspective on the global economy and financial markets. Unencumbered by the biases of traditional Wall Street research, Jim has built a decades long reputation for objective, incisive commentary that challenges consensus thinking. In nearly 20 y...Read More
British steel scrap suppliers have achieved hefty price increases for steel scrap grades delivered monthly to domestic consumers for January amid a surge in demand for exports, industry sources told Fastmarkets this week. The UK steel scrap consumer market has extended monthly prices increases for the third month in a row, citing reduced scrap generation for the past several months that is showing...Read More
SSR Mining just dropped their Q1 results, and it's a mixed bag. Revenue surged 37% year over year, but higher costs are biting ...Read More
Strengths? The top performing precious metal for 2019 was palladium, gaining 54.20 percent. In a weekly Bloomberg survey of analysts and traders, gold sentiment remained marginally bullish the first days of the New Year. The survey showed eight bullish, two bearish and seven neutral. At week-end, gold advanced toward a six-year high, climbing 1.5 percent to $1,551 an ounce in Lon...Read More
"We'll Go Down For This" - Gareth Soloway Bitcoin Prediction In today's video, Gareth Soloway tells us what he thinks is next for ...Read More
In Chile, the company is completing a cycle of investment with the Los Pelambres seawater plant and additional milling capacity 70% complete. It has also recently finished a project at Zaldivar to increase recoveries. Its next big investment decision will be whether to develop a second concentrator at Centinela, once it has a greater line of sight on changes to the fiscal regime and the process to...Read More
“We are in a bond market bubble that’s beginning tounwind.” This is the statement of Alan Greenspan. Is heright? We invite you to read our today’s article about the US bond market andfind out whether it is in bubble or not – and what does it all mean for theprecious metals market. Bond yields are inan upward trend since 2016/2017. And they hit the accelerator aga...Read More
According to a statement by Vancouver-based Mason on Tuesday, both proxy advisory firms cited the strong strategic rationale for the arrangement, the significant premium, certainty of value from the cash consideration, and favourable market reaction as factors supporting their positive recommendations.Mason (TSX:MNR) shareholders will vote on the deal during a special meeting scheduled for De...Read More
The price of rebar produced and delivered in Northern Europe has widened downward by ?,?5 ($6) per tonne amid hesitant end-user buying activity and continued concerns about demand, market participants told Fastmarkets on Wednesday May 15."Apparent demand from the construction sector is okay, but there is buyer hesitation, which is leading to some nervousness from mills, and they might drop the pri...Read More
The latest forecasts from Fastmarkets' team of analysts are ready to view.Iron ore remains the most bullish commodity of the year, with prices fuelled by Chinese demand and supply disruptions in Brazil, along with bullish sentiment. But prices are expected to come down because Brazilian exports have begun to recover, and have reached their highest level since the Brumadinho dam disaster in 2019. W...Read More
Here are five Fastmarkets stories you might have missed on Tuesday June 30 that are worth another look.The definitive decision in the European steel safeguard case review failed to adjust the level of quotas to collapsed demand following Covid-19 crisis and is a "deep disappointment," European steel association Eurofer and European trade union IndustriAll said in a joint statement on June 30.Chine...Read More
Here are five Fastmarkets stories you might have missed on Friday November 20 that are worth another look.The price for pig iron exports from Brazil went up again during the week to November 20 on strong demand in both the export and domestic markets.After much anticipation...Read More
Devon Energy announced lower-than-expected adjusted earnings of $1.66 from $1.39 a year ago. Read more to see why DVN stock is a Hold.Read full newsRead More
Vancouver, BC - FinCanna Capital Corp. (CSE:CALI) (OTCQB:FNNZF) (the "Company" or "FinCanna"), a royalty company for the U.S. licensed cannabis industry, is pleased to announce that it has restructured the royalty agreement ("Restructured Royalty Agreement") with its portfolio company QVI Inc. ("QVI"), which is now in operation at its newly opened cannabis-infused product manufacturing facility...Read More
Comstock Resources today tightened its grip on the Haynesville basin with a US$2.2 billion cash-and-stock deal to buy privately-held Covey Park.Robert Clarke, director, US Lower 48, at global natural resources consultancy Wood Mackenzie, said: “The deal creates a Haynesville leader with the pro-forma company having access to the three best parts of the play: Caspiana Core in Louisiana, the S...Read More
Turkish steel mills continued to stay away from the deep-sea scrap market on Thursday October 31, with market participants contemplating a possible change in direction in the coming weeks, sources told Fastmarkets.With no new cargoes booked market participants were uncertain of whether the next bookings would be at similar or even higher prices.One market participant said that demand for scrap was...Read More
The major indexes pared gains as oil prices plummetedBlue chips showed strength this week, with an earnings-induced bull gap for big-cap energy name Chevron (CVX) getting the bullish ball rolling on Monday. Wall Street's positive reaction to midterm election results in the U.S. only created bigger tailwinds, with the insurance sector seeing notable gains after several states voted to expand Medica...Read More
If you think gold is always a "safe haven" financial asset, think again. It crashed in the 2008 financial crisis along with everything else. And it lost about three-quarters of its purchasing value during the 1980s and 1990s. But it's acting like a safe haven now. Bullion prices surged Monday, while everything else fell apart, rising 1.5% to a fresh six-year high. Gold GC00, -0.10% is proving th...Read More
Bidenomics is a big departure from sound economics. But when reason sleeps, gold fortunes are born.Biden’s triumph in the presidential election does not just mean that a new man lives in the White House. It actually implies a fundamental shift in economic policy . Some analysts even see Biden’s agenda as a decisive break with neoliberalism or “Washington consensus”.You see,...Read More
For details on how your data is used and stored, see our Privacy Notice.Once the deal closes, Chevron will be the second-largest producing major in 2019 terms. It was fourth.The acquisition makes the Majors' peer group much more polarised. ExxonMobil, Chevron, Shell and BP are now in a league of their own. The deal plays to Chevron's strengths, which are tight oil and LNG. On top of this, it diver...Read More