Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:admin@guswinger.comFeb 23, 2021 I see green shoots for gold!Please click here now. Double-click to enlarge this daily gold chart. There’s now a double bottom pattern in play. A breakout above the neckline at $1966 would likely see gold surge to $2089... and higher. The sentiment of gold investors with...Read More

Keith WeinerPosted Feb 23, 2021There is an old rhyme once used in economics books."Money is a matter of functions four: a medium, a measure, a standard and a store.”Three of these functions are clear. A medium of exchange is what people use to pay for goods.A measure means that money is a way of measuring economic value: the unit of account. Suppose a business has 100 units of money wor...Read More

Powell said developments including COVID-19 vaccinations pointed to "an improved outlook for later this year" but said the bank's accommodative monetary policy would be maintained for "some time"."We expect that it will be appropriate to maintain the current accommodative target range of the federal funds rate until labour market conditions have reached levels consistent with the committee's asses...Read More

The dam is part of the Itabira complex in Minas Gerais state and has the potential to produce about 10% of Vale's targeted production.Vale said the emergency level had been removed after a thorough analysis of the dam's geotechnical characteristics.The miner had stopped disposing tailings in the dam in October 2019, after its own assessment and in agreement with external inspection bodies. Va...Read More

Vancouver, BC - LEAF Mobile Inc. (TSX: LEAF) announces its subsidiary company, East Side Games Inc. ("ESG"), has entered into a three game partnership with Kano Applications Inc. ("Kano") for the global release of three mobile games on iOS and Android (the "Partnership").Forged in 2019 when the companies first collaborated on FUBAR as an exploratory project testing narrative driven mobile idle gam...Read More

Vancouver, BC - Ovation Science Inc. (CSE:OVAT, OTC: OVATF) ("Ovation" or the "Company"), a topical and transdermal cannabis product development company with a patented skin delivery technology and backed by over twenty years of research and development, is pleased to announce it has secured a U.S. listing on the OTCQB ("OTCQB Market") under the symbol OVATF. Shares will begin trading as of Febru...Read More

A summary of base metals premiums from across the globe for the week to Tuesday February 23.Read More

Vancouver, BC - FinCanna Capital Corp. (CSE:CALI) (the "Company" or "FinCanna") is pleased to announce that following higher than anticipated demand the Company has increased the size of its previously announced non-brokered private placement financing from $1.5 million to $2 million. FinCanna will now issue up to 16,000,000 Units (the "Units") at a purchase price of C$0.125 per Unit (the "Privat...Read More

Vancouver, BC - Graphite One Inc. (TSX-V:GPH | OTCQX:GPHOF) ("Graphite One" or the "Company") announced today it has completed two non-brokered private placement offerings, raising gross proceeds from both financings of CA$10 million and grants options.CLOSES PRIVATE PLACEMENTSThe Company has completed the two private placements previously announced on January 20, 2021 for CA$8 million and...Read More

An overview of the chrome ore and alloy markets on Tuesday February 23 and their latest price moves.China The domestic spot ferro-chrome market resumed its upward momentum after the Lunar New Year holiday (February 11-17). Inner Mongolia's continuing restrictions on ferro-alloy production means there is a supply shortage, which is feeding the bullish sentiment Many market participants anticipated...Read More

A summary of Alumina Ltd's full-year 2020 results for the period ending on December 31, 2020.The results also include the 2020 results for Alcoa World Alumina & Chemicals (AWAC), 40%-owned by Alumina Ltd and 60% owned by Alcoa.In brief Alumina Ltd recorded a net profit after tax of $146.6 million for 2020, compared with $214 million in 2019. Excluding significant items, net profit would have been...Read More

Here are five Fastmarkets stories you might have missed on Tuesday February 23 that are worth another look.A sustained rally in oil prices has contributed to a recent spike in freight rates for bulk shipments of steel products, sources told Fastmarkets on February 23.Industry association Verband Deutscher Metallh??ndler (VDM)...Read More

China's auto output and sales gained year on year in January due to the government's continuous efforts to control the Covid-19 pandemic, which helped support the prices of metal raw materials, Fastmarkets understands.The country produced 2.388 million units of vehicles in January, up by 34.6% from a year ago, China Association of Automobile Manufacturers (CAAM) data shows.China's automotive sales...Read More

Here are five Fastmarkets stories you might have missed on Tuesday February 23 that are worth another look.A sustained rally in oil prices has contributed to a recent spike in freight rates for bulk shipments of steel products, sources told Fastmarkets on February 23.Industry association Verband Deutscher Metallh??ndler (VDM)...Read More

Steel scrap prices in Mexico resumed their downtrend in the week ended Friday February 19, especially in obsolete grades, with deals reported at lower prices because of energy and gas shortages in the country.A wide range of price cuts were reported, depending on volumes and grades. Most market participants saw price reductions of 300-600 pesos ($15-29) per tonne during the week, while some buyers...Read More

Turkish deep-sea scrap import prices have continued to strengthen in line with increased demand and rising freight costs, market sources said on Tuesday February 23.The most recent transaction was on February 20, when a steel producer in northern Turkey booked a US cargo at prices of $440 per tonne for shredded and $445 per tonne cfr for bonus.The transaction raised the daily scrap indices by more...Read More

Base metals prices on the London Metal Exchange and Shanghai Futures Exchange were mixed, although copper prices on both exchanges remain strong this morning, Tuesday February 23, while tightness on the LME dominates. There are cross currents flowing through the market; sentiment is strong while people look forward to a super-charged economic recovery once vaccines allow a return to a more normal...Read More

Share this article CALGARY - Nevada is the most attractive jurisdiction in the world for mining investment followed by Arizona (2nd) and Saskatchewan (3rd), according to the Annual Survey of Mining Companies released today by the Fraser Institute, an independent, non-partisan Canadian policy think-tank."The Fraser Institute's mining survey is the most comprehensive report on government policies t...Read More

Here are five Fastmarkets stories you might have missed on Tuesday February 23 that are worth another look.A sustained rally in oil prices has contributed to a recent spike in freight rates for bulk shipments of steel products, sources told Fastmarkets on February 23.Industry association Verband Deutscher Metallh??ndler (VDM)...Read More

After a massive run for a year, the market is down today, led by Tesla, which dropped about 200 points before bouncing back. As I write this, the Nasdaq is down 1.73%.There is no question that the market is overvalued in terms of historic measurements like market cap-to-GDP, margin levels, and number of stocks without earnings.The question is does the end of the pandemic, the reopening of the mark...Read More