Seaborne iron ore prices dipped on Thursday May 30 following losses in the futures and steel markets, and amid concerns over narrower profit margins at Chinese steelmakers.MB 62% Fe Iron Ore Index: $103.87 per tonne cfr Qingdao, down by $2.31 per tonne.MB 62% Fe Pilbara Blend Fines Index: $102.35 per tonne cfr Qingdao, down by $2.31 per tonne.MB 62% Fe Iron Ore Index-Low Alumina: $107.66 per tonne...Read More

"The First Amendment to the United States Constitution did not protect conduct of a minor who distributed a digital video file of herself engaged as a subject in consensual sexual conduct," wrote the court.Continue...Read More

Jailed Wikileaks publisher Julian Assange is reportedly "too ill" to even speak at a scheduled extradition hearing today. He is said to Continue...Read More

One of the lessons of the past few decades' boom/bust cycles is that each financial bubble emerges in a different asset class. In the 1970s it was precious metals, in theContinue...Read More

Long maturity US Treasury price action today was consistent with a blowoff momentum top. I suspect buyer's remorse will set in fairly soon.Continue...Read More

Danielle DiMartino Booth spent nine years as an advisor to Richard W. Fisher at the Federal Reserve Bank of Dallas. Danielle left the Fed in 2015 to found Money Strong, LLC, an economic consulting firm and launched a weekly economic newsletter She is the author of Fed Up: An Insider's Take on Why the Federal Reserve is Bad for America. DiMartino Booth began her career in New York at Donaldson, Luf...Read More

Gregory Mannarino started his financial career working for the securities and trading arm of the now defunct Bear Stearns before the dot-com bubble. He is an active trader of the capital markets and has published several books pertaining to finance, global economics, and equity trading; His most recent book is titled Ultimate Guide To Money and The Markets (free ebook). Gregory currently hosts a b...Read More

UnitedHealth, Pfizer, Travelers Companies, Merck and McDonald's are the only winners in the month of May in the entire Dow 30 Continue...Read More

Russia, Russia, Russia! That's all you heard at the beginning of this Witch Hunt Hoax...And now Russia has disappeared because I had nothing to do with Russia helping Continue...Read More

"The public should be aware of the impact of energy drinks on their body, especially if they have other underlying health conditions," Continue...Read More

For years, gold bulls had speculated that China has been quietly piling up physical gold, awaiting the moment to unveilContinue...Read More

Central banks around the globe have been on a gold buying spree this year, with Russia and China leading the pack.In the first three months of 2019, gold purchases by the country's top banks hit the highest level in six years, as nations diversify their assets away from the US dollar.Global gold reserves, in fact, rose 145.5 tonnes in the first quarter, a 68% increase from a year earlier, based on...Read More

Steel billet prices for imports into Egypt have increased this week on higher offers, while domestic rebar prices have remained unchanged, Fastmarkets heard on Thursday May 30.Fastmarkets' weekly price assessment for steel billet imported into Egypt was $450-455 per tonne cfr on Thursday, unchanged week-on-week.Egypt imposed temporary import duties on steel billet and rebar on April 15, at a rate...Read More

Shares in Ecuador-focused SolGold (LON, TSX:SOLG) took a hit on Thursday, following media reports of a potential referendum on mining in Imbabura, the province in which its flagship Cascabel copper-gold project is located.The company's stock dropped more than 28% in London to 24.26 pence in early morning, but recovered in the afternoon to close at 32p, leaving its market cap at almost 589m pou...Read More

Frank Giustra-backed Fiore Gold (TSXV: F) will invest $2 million on metallurgical test work and resource expansion drilling at its Gold Rock project in Nevada.In a press release, Fiore said that the work is aimed at supporting a Preliminary Economic Assessment targeted for the end of the year, which should lead to a construction decision by mid-2021.The company is planning approximately 10,000 met...Read More

AngloGold Ashanti (JSE:ANG) (NYSE:AU) paid Renaissance Gold (TSX.V:REN) $300,000 to maintain its 100% earn-in option on the Silicon project in Nevada.AngloGold already kicked off a planned 17,000-metre, Phase 2 drill program on the property with one RC and one core rig.If Anglo completes the payments and exercises the purchase option, RenGold would retain a 1% net smelter return royalty on future...Read More

Turkish steel billet prices remained largely unchanged over the past week with market participants generally focused on rebar sales after the US halved its import tariffs, sources said on Thursday May 30.Suppliers in the Commonwealth of Independent States (CIS) were offering billet to Turkey at $440-450 per tonne cfr, but bids from Turkish customers were heard at $430...Read More

The situation and the gold major's proposal are discussed in a Haywood report. In a May 23 research note, Haywood analyst Kerry Smith reported that Barrick Gold Corp. (ABX:TSX; GOLD:NYSE) proposed to acquire the remaining 36.1% interest in Acacia, taking Barrick to 100% ownership, to end the two year-long dispute with the Tanzania government. "The successful resolution would be a positive catalys...Read More

The company's campaigns for its U.S. and Canadian assets are outlined in a ROTH Capital Partners report. In a May 24 research note, ROTH Capital Partners analyst Jake Sekelsky reported that McEwen Mining Inc. (MUX:TSX; MUX:NYSE ) achieved commercial production at Gold Bar in Nevada and announced drill results from its Timmins assets in Ontario. "We expect management to shift focus towards high-va...Read More

These initial results come after two years of preparatory geological work. Liberty Gold Corp. (LGD:TSX) announced in a news release that the first assays from its Black Pine property in Idaho hit significant widths of high-grade, oxide gold mineralization and extended it deeper and along strike into a gap in historical drilling."We are thrilled with the results from the first four holes," CEO Cal...Read More