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
Vancouver, BC - Quadron Cannatech Corporation (CSE:QCC) (the "Company" or "Quadron"), is pleased to announce that it has completed the sale of a BOSS CO2 Extraction System ("BOSS") to a licensed facility in Ontario.The recent BOSS sale follows an eventful month for the Company with the Quadron team showcasing its equipment and turn-key extraction facility set-ups at the MJBiz Conference in Las...Read More
An overview of the battery raw materials markets and their price moves from the past week.Read More
CloseGain/LossOn WeekGold $1238.30-$4.60-0.81%Silver$14.58-$0.19-0.34%XAU67.59-1.69%-0.52%HUI152.66-2.56%-0.83%GDM560.45-1.47%+0.07%JSE Gold1302.25+3.60+8.42%USD97.46+0.39+0.89%Euro113.05-0.59-0.92%Yen88.23+0.20-0.64%Oil$51.20-$1.38-2.68%10-Year2.893%-0.016+1.30%Bond143.4375+0.40625-0.33%Dow24100.51-2.02%-1.18%Nasdaq6910.66-2.26%-0.84%S&P2599.95-1.91%-1.26% The Metals: Gold fell $9.90 to $...Read More
Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort169,600109,10153,101134,285211,653356,986373,855Change from Prior Reporting Period -3,419-14,917772-78218,337-3,4294,192Traders16881704851247176 Small Speculators (C) GoldSeek.com LongShortOpen Interest 45,26428,395402,250 5,760-1,8612,331 non reportable positionsChange from...Read More
'Hard' Brexit Risk Sees Gold Gain In Euros and Pounds - Nears ?1,000/oz & EUR1,100/ozGold was lower today in dollars but saw slight gains in pounds and euros. It was supported by increasing concerns about the likelihood of a 'hard' Brexit, about global economic growth and uncertainty around the Fed's interest rate policies in 2019.Gold in GBP - 1 Month (GoldCore)Gold has consolidated on last wee...Read More
Published 20 Hours AgoUpdated6 Hours AgoReuters Gold fell to its lowest in more than a week on Friday and was on track to mark its biggest weekly decline in more than a month, as the dollar climbed on robust U.S. economic data ahead of a U.S. Federal Reserve meeting next week.Spot gold eased 0.3 percent to $1,238.86 per ounce as of 11:14 a.m. EST (1614 GMT). Earlier in the session, prices hit thei...Read More
Global ferrous scrap prices fell by $5 per tonne or less during the week ending Friday December 14 following a period of quieter trading.The Turkish market witnessed another week with no new cargoes booked, leaving prices virtually unchanged, while US prices were flat, which was also due to a lack of fresh trades.India made no bookings but prices fell by $5, as did prices for Taiwan and Vietnam.Tu...Read More
Turkish steel producers have ended another week without making any deep-sea purchases because of the continued lack of demand for finished steel in the country's domestic and export markets, sources said on Friday December 14.Domestic mills have been holding back from scrap purchases for three weeks now, with only one cargo booked since November 23, which was a European cargo at an average price o...Read More
Comex copper prices weakened in morning trading on Friday December 14 after a release of softer Chinese industrial data, placing stress on the base metals complex.The copper price for March settlement on the Comex division of the New York Mercantile Exchange dipped by 1.85 cents to $2.7485 per lb.Analysts said weaker Chinese economic data was pressuring the base metals complex as a whole this...Read More
Diamond drilling on the Moosehead gold project in central Newfoundland. Source: Sokoman Iron Corp.Sokoman Iron Corp. [SIC-TSXV] on Friday December 14 released more assay results from its Moosehead gold project on the island of Newfoundland, a move that sparked heavy trading in the shares.Sokoman was down 11.43% or $0.02 to 15.5 cents on volume of almost 7.6 million, making the junior the most acti...Read More
Disappointing Chinese economic data has weighed on the three-month base metals prices on the London Metal Exchange this morning, Friday December 14, with all the metals in negative territory and showing average losses of 0.4%.The three-month zinc price led the way with a drop of 1%, copper was off by 0.5% at $6,121 per tonne, while the rest were off by between 0.1% and 0.3%.Volume across the compl...Read More
Ontario's Government for the People is supporting innovation in Sault Ste. Marie, which will lead to modernization in the manufacturing industry and create nine full-time jobs.Today, Ross Romano, Parliamentary Assistant to the Minister of Energy, Northern Development and Mines, announced the Sault Ste. Marie Innovation Centre (SSMIC) is receiving $713,590 to create a team of information technology...Read More
Today, the Honourable Greg Rickford, Minister of Energy, Northern Development and Mines, and the Honourable Laurie Scott, Minister of Labour, issued the following statement on the Power Workers' Union (PWU) rejection of Ontario Power Generation's final offer in contract negotiations, leaving PWU in a strike position:"We have been advised that contract negotiations between Ontario Power Generation...Read More
An overview of the battery raw materials markets and their price moves from the past week.Read More
Chinese domestic spot battery-grade lithium carbonate prices moved up slightly on Thursday December 13 on reduced producer stocks near the end of the year whilst lithium hydroxide prices softened week on week on slow demand. Lithium carbonate prices moved slightly up due to lower availability near the end of the year. Lithium hydroxide prices dropped on slow demand and lower offers from prod...Read More
Renowned oil trader Andrew Hall says crude prices may have hit bottom.The former Citigroup manager, who made $100 million trading oil during the financial crisis (which earned him the nickname "God" of the crude market), says the energy markets face many headwinds, but investors are better off betting on oil.Hall says the biggest concern for oil investors is a global recession, which could signifi...Read More
Tianqi's recent purchase of a stake in SQM is the latest in a series of deals showing how participants at different stages of the supply chain are opting to strengthen their position through vertical partnerships. Meanwhile, consumers are keen to lock in feedstock supply through offtake agreements. The global lithium industry is growing rapidly, but at the same time competition is consolidating, w...Read More
South American flat steel import prices increased this week after traders were able to sell at higher levels following an easing of the recent downtrend in China. The rapid descent in Chinese steel prices has slowed in recent days, with buyers in South America starting to accept higher offer prices, one market source said. But market participants said there were no indications of whether Chinese p...Read More
In his latest Howestreet.com broadcast with Jim Goddard, INK CEO Ted Dixon worries that the Fed is looking backwards at positive US economic data instead of forwards at warning signs such as housing. If the Fed does not hold up on its rate hikes, they risk going too far. American insiders and stocks in the U.S. Financials sector are still not confirming a base in share prices and the Fed is proba...Read More
Domestic prices for steel coil products in Turkey fell this week on continuing slow demand, sources told Fastmarkets on Friday December 14. "Prices are not important," a source told Fastmarkets. "Buyers are refraining from buying because of uncertainty in the market."December will be a slow month for the sector, and many people [also] expect January to be slow," he added. Fastmarkets' we...Read More