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
4/24/20Gold MinersOn a technical note, GDX, GDXJ, and SIL (silver miners), put in a bearish "doji" yesterday on the daily charts. The "wick" that you can clearly see, most times indicates we've hit a temporary top in the larger gold and silver miners. I don't expect much of a pullback, but if you're looking to buy into producers that you missed much cheaper, you may get a slight discount from here...Read More
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Marin Katusa, founder of Katusa Research, explains why he calls negative interest rates a "financially transmitted disease." He reveals how negative interest rate policy (NIRP) affects savings rates and the rest of the global economy. He talks about the potential for further negative rates around the world, as well as the prospects for NIRP in the United States. In the face of a dismal global macr...Read More
America is in the midst of a fierce contest with China for AI supremacy.China is getting closer in terms of AI model quality. The latest models from DeepSeek, Alibaba, and Moonshot are competitive with the best OpenAI, Anthropic, and Google have to offer.American firms are still putting out the best models in the world, but the code quality competition is heating up.The good news is that the U.S....Read More
RAPAPORT... Christie's New York Magnificent Jewels auction will featurea number of jewels from private collections, including the duPont Ruby, abrooch expected to fetch up to $5.5 million. The piece, which comprises a total of 11.20 carats ofBurmese rubies, emeralds, diamonds and natural pearls, is being offered by theVirginia Museum of Fine Arts. It comes from the collection of Jessie Balldu...Read More
"New Age (@NewAgeMetals) (#TSXV: $NAM | #OTC: $NMTLF) Size of Prospective #PGM-#Cu-#Ni Mineralization Doubled at Genesis PGM-Cu-Ni Project [https://t.co/IGDU095W0X]#investing #stocks #stockmarket #trading #investors #capitalmarkets #business #miningstocks #mining #resources"Read full newsRead More
An overview of the consumer electronics markets and their latest price moves.Ewa Manthey, Dalila Ouerghi and Michael Greenfield in London, Susan Zou...Read More
"Lifestyle Delivery Systems (@LDSincorporated) (#CSE: $LDS | #OTCQX: $LDSYF) Announces Proposed Share Consolidation and Name Change [https://t.co/j2aSBi5hUN] #investing #stocks #stockmarket #trading #investors #cannabisnews #capitalmarkets #cannabis #business #potstocks"Read full newsRead More
A temporary freeze in copper scrap generation boosted semi fabricators' usage of refined copper in 2020, market participants said.Many fabricators had to use cathodes instead of copper scrap due to tightened supply, Mark Loveitt, president of the International Wrought Copper Council (IWCC), said during the "2020 Copper Demand Update: Copper Fabricator Industry During COVID-19" virtual workshop on...Read More
Key data from the pricing sessions in Asia and Europe in the week to Friday November 1. China Key drivers The price of antimony, MMTA standard grade II, ddp China was unchanged for the second consecutive week due to sparse trading activity. Many domestic antimony suppliers held offer prices firm despite thin buying interest, citing the limited availability of ore, while a few were...Read More
Concerns over an oversupply of imported cobalt in China have continued to weigh on prices for the metal in the country's domestic market.Fastmarkets' assessment for cobalt 99.8% Co min, ex-works China dropped to 255,000-268,000 yuan ($38,906-40,890) per tonne on Wednesday November 18, down by 2,000-3,000 yuan per tonne (0.9%) from 258,000-270,000 yuan per tonne on November 13. The latest assessmen...Read More
First the bad news: yes, it does increasingly appear that it's possible to get re-infected by a different strain of covid-19.Now the good news: not only is it exceptionally rare at this point, but the few reported re-infected patients have not been hit hard the second time around. The current Hong Kong patient currently in the media actually experienced NO symptoms during his second infection.Mean...Read More
Armstrong Economics, Released on 3/22/23Just as World War I and World War II marked the collapse of the British imperial empire, the Continue... Armstrong: I Told You So added by Herman James on 03/22/2023View all posts by Herman James ?+'Read More
Wolf Richter is the founder of Wolf Street Corp and the publisher of WolfStreet.com. Wolf has over twenty years of C-level operations experience, including turnarounds and a VC-funded startup. He has a BA, MA, and MBA (UT at Austin). In his prior life, he worked in Texas and Oklahoma, including a decade as General Manager and COO of a large Ford dealership and its subsidiaries. Read More
The government of Angola says it has identified key steps that it needs to take before launching its own diamond exchange in Luanda, which is slated to open by the end of 2021.Mining and oil minister Diamantino Azevedo announced on Nov. 2 that its office is working to set up a gemological academy and a technological research centre within the same free-trade zone as the Angolan Diamond Bourse (ADB...Read More
"We saw that the situation out there improved in June compared with the beginning of the quarter," Hedblom said this week. "However, the situation is still fragile. We have guided that we still believe there will be an impact on orders and revenues in the near term as well."She said Epiroc achieved an adjusted operating margin of 18.7% - "good under the circumstances" - due to job cuts and other c...Read More
(Updates with closing prices)By Peter HobsonLONDON, May 31 (Reuters) - Copper was set for its biggestmonthly fall since November 2015 as weak Chinese factory dataand a U.S. threat to impose tariffs on Mexican goods fannedfears that trade disputes will damage the global economy anddemand for metals.Benchmark copper on the London Metal Exchange(LME)ended down 0.4% at $5,830 a tonne.The metal used in...Read More
The U.S. just imposed massive tariffs on China, Canada, and Mexico. But is this really about trade, or is it part of a larger economic ...Read More
Judge Wilson, first time guest, tells us that After almost two years of investigation, the report of Special Counsel Robert Mueller concerning whether the President and his campaign staff colluded with Russian agents during the 2016 election was finally provided to the US Attorney General's Office late in March. The Attorney General, William Barr, immediately released a short summary of the Report...Read More
The Eleonore gold mine 320 km north of Matagami in the James Bay region of Quebec. Source: Goldcorp Inc.Newmont Mining Corp. [NEM-NYSE] shareholders have approved the company's $10 billion takeover of Goldcorp Inc. [G-TSX; GG-NYSE]. The combined company, called Newmont Goldcorp., will rank as the world's biggest gold producer with assets across the Americas, Africa and Australia.About 98% of votes...Read More