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China opens its borders to billions of dollars of gold imports

Reuters | April 16, 2021 | 9:14 am IntelligenceMarketsChinaGold Image from World Gold Council via Twitter. China has given domestic and international banks permission to import large amounts of gold into the country, five sources familiar with the matter said, potentially helping to support global gold prices after months of declines. China is the world’s biggest gold

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Iron ore price hits 10-year high on rising steel demand

MINING.COM Staff Writer | April 16, 2021 | 9:40 am IntelligenceMarketsNewsAustraliaChinaLatin AmericaIron Ore Steelmaking process. (Image by China Baowu Steel) Iron ore prices continued to climb on Friday despite concerns over environmental restrictions in China. Tangshan, China’s top steelmaking city, said last month it will punish firms that either have not taken the steps spelled out under its emergency anti-pollution plan

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Goldman doubles down: Record-high copper price within a year

Frik Els | April 13, 2021 | 2:16 pm IntelligenceMarketsAfricaAsiaAustraliaCanadaChinaEuropeLatin AmericaUSACopper Altonorte copper smelter, Chile. Image from Glencore. Copper is trading more than $800 per tonne below the near-decade high hit in February, and some of the ardour of copper price bulls has cooled decidedly since then. Goldman Sachs metals strategist Nicholas Snowdon, speaking at the virtual World Copper

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Metals & Miners May Have Started A New Longer-Term Bullish Trend – PART II

This second part of our research article related to the new Bullish price phase in Precious Metals and Miners will continue to explore the potential range and targets for higher price trends. In the first part of this article, I discussed how precious metals have started moving higher in somewhat of a stealth mode – not

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Coinbase Goes Public, Opening the Crypto Floodgates

April 16, 2021 By Frank HolmesCEO and Chief Investment OfficerU.S. Global Investors Digital currencies stormed Wall Street in a big way this week. Crypto exchange Coinbase went public in a direct listing, opening the floodgates for a number of other crypto-related companies. This move brings us one step closer to mass acceptance of cryptocurrencies. Before now,

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Are Metals & Miners Starting A New Longer-Term Bullish Trend?

Almost in stealth mode, precious metals have begun to bottom and start a new upside price trend while the US stock market focused on the FOMC meeting a few weeks back and current economic data.  Gold, Silver, and many of the Miner ETFs recently started a moderately strong push higher – almost completely behind the

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