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
As we've been saying, the stock market will have great influence on Gold. It has been easy to see in recent months.The S&P 500 has cracked, losing both its 200-day and 400-day moving averages. Gold and gold stocks have benefitted and gained in recent months even with a stable to rising U.S. Dollar.The past 65 years of history shows us that in almost any context (but not all) the time between t...Read More
After a strong start to 2018, the value of the world's largest mining stocks began turning down well before summer as worries about a China-US trade war continued to mount.Even before the Trump-Xi tariff battles began, fears of a slowdown in China, consumer and producer of nearly half the world's metals and minerals, were gnawing at investors hoping for another year of strong gains for the industr...Read More
Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) ("Teck") announced this week that it has acquired 12,500,000 common shares of Sun Metals (TSX.V: SUNM) a Vancouver-based mineral exploration company.The shares were acquired for an aggregate purchase price of $3.5m, and were acquired privately on Dec. 20, 2018 pursuant to a donation arrangement. As a result, Teck holds approximately 13.8%...Read More
(This article first appeared May 2017)Nealite [Pb4Fe(AsO3)2Cl4 ?2H2O] From an ancient slag site in Greece, formed by slag meeting seawater. Credit RRUFF.For the first time, more than 200 mineral species have been identified that originated either principally or exclusively due to human activities - primarily as a result of mining.The study, led by Robert Hazen of the Carnegie Institution for Scie...Read More
Earlier this year, Crown Mining (TSXV: CWM) bought 100% of the Moonlight-Superior property in northeastern California for $375,000 in cash and 2.75 million shares.The land package is best known for its Superior and Engels deposits, which produced over 161 million lb. copper as underground mining operations between 1915 and 1930.But the property, 200 km northeast of Sacramento and 145 km northwes...Read More
Base metals prices on the London Metal Exchange were predominantly lower at the close of trading on Thursday December 27, capped by a sharp downturn in global stock indices while quiet trading continues to keep volumes low. Downward pressure manifested itself the most in aluminium futures over the afternoon, with the metal's three-month price dropping to its lowest level since July 2017 at $1,852....Read More
Comex copper prices softened during morning trading in the United States amid persistent worries over an upcoming recession or an escalation in the ongoing trade war between America and China.The copper price for March settlement on the Comex division of the New York Mercantile Exchange dipped 3.15 to $2.6685 per lb."Metals markets are more fixated on recession jitters and continued...Read More
Feeding and trial production at Zhuzhou Smelter's new zinc project located in Shuikoushan, Hunan province started on December 26, Fastmarkets MB learned. The project has a 300,000-tonne-per-year zinc capacity smelter, which is replacing the company's closed 450,000-tpy capacity facility in Zhuzhou, also located in Hunan province."We started feeding on December 26, and plan to ramp-up the productio...Read More
"Commentators keep asking why the Fed can't raise rates if the economy is so strong? They still don't realize that the economy was never strong. They confuse a bubble for strength. Without 0% rates and QE the bubble can't survive. But a return to those policies kills the dollar" - Peter Schiff on TwitterI made that same argument about the Fed funds rate, the dollar and why the Fed has to keep "nud...Read More
Feeding and trial production at Zhuzhou Smelter's new zinc project located in Shuikoushan, Hunan province started on December 26, Fastmarkets MB learned. The project has a 300,000-tonne-per-year zinc capacity smelter, which is replacing the company's closed 450,000-tpy capacity facility in Zhuzhou, also located in Hunan province."We started feeding on December 26, and plan to ramp-up the productio...Read More
The latest ferro-tungsten and ammonium paratungstate (APT) transactions, bids, offers and assessments in Europe, Vietnam and China, with blue tungsten oxide (BTO) and yellow tungsten oxide (YTO) deals taken into consideration.To view the latest price assessments, please follow the links below:China- APT, fob China- Ferro-tungsten, fob China Europe- APT, cif Rotterdam - Ferro-tungsten, in-warehouse...Read More
CloseGain/LossGold $1274.90+$8.70Silver$15.23+$0.20XAU70.78+1.15%HUI161.27+0.91%GDM587.25+1.17%JSE Gold1367.40+7.81USD96.53-0.51Euro114.38+0.86Yen90.15+0.11Oil$44.61-$1.6110-Year2.777%+0.007T-Bond144.75UNCHDow23138.82+1.14%Nasdaq6579.49+0.38%S&P2488.83+0.86% The Metals: Gold gained $12.70 to $1278.90 in early afternoon New York trade before it edged back lower into the close, but it still...Read More
The Chinese antimony market showed signs of softening in the week ended Wednesday December 26 after some domestic suppliers began to cut their offer prices in an attempt to entice buyers to do business and generate cash before the end of the year.Fastmarkets' price quotation for MMTA standard grade-II antimony, delivered duty-paid in China, stood at 49,000-49,500 yuan ($7,108-7,180) per tonne on D...Read More
Gold futures clung to gains Wednesday to end at a six-month high, continuing to find a modicum of haven-related support as the U.S. stock market roared back from a Christmas Eve selloff amid what remains an ugly December for equity markets. Gold for February delivery GCG9, -0.22% on Comex rose $1.20, or 0.1%, to end at $1,273 an ounce, the highest close for a most-active contract since June 20, a...Read More
Gold futures markets advanced sharply Monday, extending a climb toward a six-month high, as risk-off jitters across markets handed stocks their worst Christmas Eve on record and boosted the haven metal. The gold market closed at 12:30 p.m. Eastern Time, an hour earlier on the day ahead of the Christmas holiday closure. Stocks also closed early. Risk assets traded calmly at first, but downside mome...Read More
The Turkish deep-sea scrap import market remained mostly quiet on Thursday December 27 due to the holiday period being observed in most regions.Although there were offers available between $290 per tonne and $300 per tonne cfr for HMS 1&2 (80:20) from various sources, the mills in Turkey were still looking for prices below $280 per tonne...Read More
Investigating the Goodfish-Kirana Project near Kirkland Lake, Ontario. Source: Warrior Gold Inc.Warrior Gold Inc. [WAR-TSXV] shares were active Thursday December 27 after the company received positive results from the 3D induced polarisation survey on the recently acquired Deloye Patents located on the Goodfish-Kirana Project near Kirkland Lake, Ontario.The shares advanced on the news, rising 16.6...Read More
Drill core from REN drill programMGX Minerals Inc. [XMG-CSE, MGXMF-OTCQB, 1MG-FSE] on Thursday December 27 released an update for its REN niobium-tantalum-titanium-REE (rare earth element) mineral property which is located in the northern Monashee Mountains of southeastern British Columbia.The company said a 14-hole, 1,249-metre drill program was completed at REN covering an area of approximately...Read More
Import prices for steel billet in Southeast Asia remained flat on Thursday December 27 due to sparse offers, bids and transactions amid the year-end holiday season.Fastmarkets' daily import price assessment for billet in Southeast Asia was $460-462 per tonne cfr Manila on December 27, unchanged for the sixth consecutive day.One cargo from the Russian Far East was sold to the Philippines at $462 pe...Read More
Comex copper prices softened during morning trading in the United States amid persistent worries over an upcoming recession or an escalation in the ongoing trade war between America and China.The copper price for March settlement on the Comex division of the New York Mercantile Exchange dipped 3.15 to $2.6685 per lb."Metals markets are more fixated on recession jitters and continued...Read More