The government of Guinea is seeking to develop and integrate its mining sector in order to use the country's mineral resources to secure diversified domestic economic growth, according to the west African country's minister of mines and geology.Abdoulaye Magassouba told delegates to Fastmarkets' 25th annual bauxite and alumina conference in Miami, on Tuesday March 26, that a key driver for his gov...Read More

Boom: There it is, the inverted yield curve, the sign of the fiscal apocalypse.But what is the inverted yield curve, and what does it mean?Do you remember what 2008 felt like? We were in the depths of the Great Recession, which was gripping the American economy by the throat...Hundreds of thousands of workers had lost their jobs, packing years of memories in a cardboard box and doing the corporate...Read More

Northwest China's non-ferrous metals producer-Baiyin Nonferrous Group will suspend one third of its zinc production lines from March 26 for a 20-day planned maintenance period, market sources told Fastmarkets MB.The company runs six, zinc operation lines and will halt two from today until the middle of April. "About 2,500 tonnes of zinc will be removed in Baiyin during March 26-31 [because of the...Read More

West Red Lake Gold Mines Inc. (CSE: RLG, OTCQB: RLGMF, FSE: HYK) has assembled a 3100-hectare property, which has a 12 kilometer strike length and 3 former gold mines, in the prolific Red Lake Gold District of Northwestern Ontario, Canada. At PDAC 2019, we learned from John Kontak, who is the President of West Red Lake Gold Mines, that, in 2018, they drilled below the 500 meters of the resource ar...Read More

Three-month base metals prices on the London Metal Exchange had a mixed start to trading on Tuesday March 26 while recessionary fears subsided. The US 10-year bond yield has rebounded off the 2017 lows reached on Monday, providing global markets with some relief and allowing Asian equity indexes to trade confidently higher on the back of improved risk sentiment.In terms of volume, a total of 4,497...Read More

Golden Arrow Resources Corporation (TSX-V: GRG, FSE: G6A, OTCQB: GARWF) is an exploration company earning production income and is a member of the Grosso Group, a resource management group that has pioneered exploration in Argentina since 1993. Golden Arrow owns a 25% share of Puna Operations Inc., a joint venture operated by SSR Mining, with more than 8 years of forecast production and upside pot...Read More

This week's edition of Canadian Insider Insights is now available: Another Fed egg face.Jerome PowellMarkets haven't reacted well to the Fed's 180 degree turn on the economy and we take a look at what we are watching now to assess the risks. The weekly archive is here and registration is not required. Read More

The prices for flat steel products imported into the United Arab Emirates have been stable over the past week with levels of demand remaining low but consistent, Fastmarkets heard on Tuesday March 26.Demand among end-users has been weak, so buyers were unwilling to place orders for large tonnages, sources told Fastmarkets.In addition, some market participants were expecting prices to come down bec...Read More

Exporters of Chinese hot-rolled coil lowered their prices slightly on Tuesday March 26 on sparse trading, while those in China's domestic market were remained largely steady amid slowing downstream demand.DomesticEastern China (Shanghai): 3,850-3,870 yuan ($573-576) per tonne, unchangedNorthern China (Tianjin): 3,800-3,810 yuan per tonne, narrowing downward 10 yuan per tonneWhile prices have been...Read More

* Germany's Wirecard soars 26 percent* ConvaTec jumps after report of buyout interests * Ferguson tumbles on disappointing outlook * Carnival drops on cutting forecast (Updates to closing)By Susan MathewMarch 26 (Reuters) - European shares rose on Tuesday,snapping a four-day losing streak, boosted by healthcare stocksand on indications that UK Prime Minister Theresa May's deal toexit the European...Read More

(Amends number of mortgages approved and deletes reference tosix-year low after data provider UK Finance released correctedfigures)LONDON, March 26 (Reuters) - British banks approved fewermortgages in February than during January, industry data showedon Tuesday.Seasonally-adjusted data from the UK Finance industry bodyshowed banks approved 39,083 mortgages last month, down from39,910 in January.Th...Read More

* FTSE 100 up 0.3 pct, mid-caps up 0.5 pct * Ocado at record high on partnership deal * Housebuilders gain after HSBC upgrades * Carnival slumps on reduced profit target* ConvaTec surges on M&A talks (Recasts, adds company news items, quote, updates prices)By Shashwat Awasthi and Muvija MMarch 26 (Reuters) - London's main index bounced back fromtwo sessions of losses as exporters were boosted...Read More

Prices for steel rebar and billet in the United Arab Emirates were again unchanged this week as a result of continuing moderate demand, sources told Fastmarkets on Tuesday March 26.Local rebar producers rolled over their domestic prices for rebar on March 13 and have not announced any changes since then.Rebar importsOman was offering rebar to the UAE at $530-540 per tonne cpt, but no new...Read More

By: IRA EPSTEINGOLD IS AT A KEY JUNCTURE:Read More

By: Stewart Thomson, Graceland Updates1. Please click here now. Double-click to enlarge this long-term gold chart. Fundamental and technical analysis are both strongly supporting gold's rally towards the key $1400 area.2. Having said that, COMEX price action mainly reflects action in the physical market and this is the weak season for gold.3. Investors need patience. New...Read More

By: Dave KranzlerThe news headlines explained the sudden jump in the S&P futures this morning by stating that "recession fears had faded." Just like that. Overnight. I guess the fact that the housing starts report showed a 9% sequential drop in housing starts last month and and a year-over-year 10% plunge means that the housing market is no longer considered part of the economy.That report...Read More

By: DAVID Chapman "Money is not an invention of the state. It is not the product of a legislative act. Even the sanction of political authority is not necessary for its existence. Certain commodities came to be money quite naturally, as the result of economic relationships that were independent of the power of the state." Carl Menger, economist, founder of the Austrian School of Economics, 1...Read More

Stocks erased their weekly gains and bond yields fell on Friday as investors reacted to a number of economic developments. Chief among them were a Treasury yield curve inversion, the first since before the financial crisis, and continued slowdown in the pace of U.S. manufacturing expansion.I had my eye on several other market-moving news items, some of which I share with you below. 1....Read More

COLORADO SPRINGS, Colorado, March 26, 2019 (GLOBE NEWSWIRE) -- Gold Resource Corporation (NYSE American: GORO) (the "Company") announced today its Nevada Mining Unit's exploration plans include targeted expansion of the Isabella Pearl (IP) open pit deposit by testing the adjacent Civit Cat North. Additional nearby targets with open pit potential include "Scarlet", where numerous high-grade...Read More

By: Avi GilburtBack in the 1940's, Ralph Nelson Elliott once noted:At best, news is the tardy recognition of forces that have already been at work for some time and is startling only to those unaware of the trend.So, rather than be startled by the news of the past week, I have been trying to warn anyone who was willing to listen that if you want to know what the Fed is going to do, simply read t...Read More