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
Dear Friend of GATA and Gold:GATA today asked the U.S. Commodity Futures Trading Commission whether it has ever audited the gold reported to it by the New York Commodities Exchange as being eligible or registered for sale and delivery on the exchange.In a letter to commission Chairman Heath P. Tarbert, your secretary/treasurer and GATA consultant Harvey Organ wrote:"Recent turmoil in the gold ma...Read More
A shortage of containers to ship commodities around the world and the consequent soaring in associated freight rates have led to a revival of interest in breakbulk cargoes. Producers and physical traders of metals, agricultural, chemical and timber products have been starting to book shipments in breakbulk vessels, which cost far less and doesn't require vast amounts of equipment in port. On the m...Read More
Three-month aluminium futures on the London Metal Exchange closed at their highest level for a decade on Friday September 3, with the base-metals complex broadly making gains despite jobs data from the United States coming in dramatically lower than expected.The LME aluminium contract closed at $2,727 per tonne on Friday, up by 1.1% from Thursday's close and its highest since May 3, 2011. This cam...Read More
Interview with Chris Reed, Managing Director & CEO of Neometals Ltd. (ASX: NMT) Our previous interview: ...Read More
Sentiment in financial markets continues to weaken following last week's collapse of US-China trade talks and US president Donald Trump's latest threat of tariffs on Chinese goods.Equities in Asia tumbled this morning, Monday August 5, and the yuan has dropped below seven to the dollar - the first time since 2008. Weakness in Asian currencies suggests wide-scale market unease. Gold price reaches a...Read More
Join us at https://www.crisisInvesting.com In this episode, Doug and Matt dive into various topics ranging from using mainstream ...Read More
Base metal prices were slightly higher on the morning of Thursday September 23, but stayed close to their closing prices from Wednesday, with worries about Evergrande easing."Investors grew more confident a disorderly default [had been] avoided after a real estate unit of the group managed to negotiate a debt resolution yesterday [Wednesday]," LME Desk analyst at Marex, Anna Stablum, said on...Read More
Gold prices would have crashed to $1400 BUT for the corona virus and is multiplier effect in the form of short term global slowdown and interest rate cut trend for the rest of the year. US economic data releases point to a strong growth. China has cut custom duties on US imports. Trade war theme of last year has now evaporated. I am not giving a bearish view. I am just trying to tell that if gro...Read More
A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday February 17.Please click...Read More
A report by Fitch Solutions states that global gold mine production growth is expected to rebound in the coming years underpinned by higher gold prices and mergers between major mining firms."We forecast global gold production to increase from 106 million oz. in 2020 to 133 million oz. by 2029, averaging 2.5% annual growth," the document states. "This would be an acceleration from the average grow...Read More
VANCOUVER, British Columbia - New Pacific Metals Corp. ("New Pacific" or the "Company") is pleased to announce that the Company's wholly-owned subsidiary has signed an agreement with an arm's length private Bolivian corporation (the "Vendor") to acquire a 98% interest in the Silverstrike silver project (the "Silverstrike Project" or the "Project") from the Vendor by making a one-time cash payment...Read More
China's major mills raised their daily output rates for crude steel in mid-April on good demand and healthy profit, while their finished steel inventories also increased.Members of the China Iron & Steel Association (Cisa) produced crude steel at an average rate of 2.01 million tonnes per day during the second 10 days of April, up 2.6% from 1.96 million tpd in early April, according to data releas...Read More
* FTSE 100 up 1.1 pct; FTSE 250 up 1.9 pct * Market sees PM May defeating leadership challenge * Brexit-sensitive housebuilders rise* Trump's conciliatory trade talk boosts markets * Superdry sinks 38 pct on profit warning (Updates prices, adds details, graphic)By Josephine Mason and Helen ReidLONDON, Dec 12 (Reuters) - British stocks rose on Wednesdayas investors welcomed conciliatory talk from U...Read More
Some last-minute traders are betting on more upside for TWTR with monthlies Though the reasons are not quite clear, social media giant Twitter Inc's (NYSE:TWTR) options pits are buzzing with bulls today. So far, 93,000 calls have crossed the tape -- more than two times the intraday average -- compared to 15,000 puts. Positions are being opened at the May 29.50 call, which expires later today, as w...Read More
Gold prices suffered their worst single-session decline in a year on Monday to settle below $1,400 an ounce, after a weekend Sino-American trade accord sparked a rally in assets perceived as risky, luring investors away from so-called havens like bullion. President Donald Trump and China President Xi Jinping met on the sidelines of the Group of 20 gathering of major developed nations in Osaka, Jap...Read More
Aug 24, 2023 Unearth the potential beneath with Power Nickel Inc.'s latest drilling initiative. Witness firsthand how they're ...Read More
Prices in the local market for Turkish rebar and wire rod have continued to increase, influenced by the weakening of the value of the country's lira and rising costs for imported scrap raw material, sources said on Thursday March 14.Fastmarkets' weekly price assessment for domestic rebar was TRY3,180-3,215 ($582-589) per tonne ex-works on March 14, including 18% VAT, up from last week's TRY3,100-3...Read More
Cheyenne, Wyoming (January 17, 2019) - A group of Wyoming legislators have introduced three bills this week to de-risk the state's financial holdings with modest allocations to physical gold and silver in the state's pension fund, reserve fund, and mineral trust fund.Introduced by Representative Roy Edwards (R-Gillette) and co-sponsored by 15 others, the Wyoming Sound Money Trust Act (HB 174) em...Read More
Buyers' sentiment in the European hot-rolled coil segment remained negative on Friday August 27 due to lower raw material costs, competitive imports and uncertain demand outlook, sources told Fastmarkets.Both buyers and sellers have started to return to the market after the holiday period in August and trading activity has been limited while they take time to assess the market before making new de...Read More
Next year's macroeconomic growth forecast will not be strong, but as long as the Federal Reserve remains accommodative, equities can remain high, this according to best-selling author Jim Rickards."[Some analysts] give recession almost a 0% chance in the next six months, and I agree with that, probably not even more than a 30% chance," Rickards told Kitco News.Jim Rickards is a lawyer, investment...Read More