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
Cost estimating is a niche practice in any industry; however the mining business brings unique challenges. Cost estimating must be considered at nearly every stage of a project's development to inform investors and to de-risk decisions.Investors need the comfort of knowing that project decisions are as unbiased as possible, from the first resource definition through to development. Exploration...Read More
F. Scott Fitzgerald once wrote that "there are no second acts in American lives."Except that was just a throwaway line in the notes for The Last Tycoon, a book he never finished that was slapped together and edited by his friend Edmund Wilson.Fitzgerald did write an essay called My Lost City years earlier though, in which he wrote, "I once thought that there were no second acts in American lives,...Read More
Global markets plummeted this week on China slowdown worries, dragging industrial metals prices along and increasing future demand concerns, which has prompted analysts to question whether Beijing is doing enough to address the country's economic contraction.BMO analyst Colin Hamilton said in a note to investors Friday there were many questions in the metals market raised by the trend in China of...Read More
Finland-based Metso sold its grinding media business on Friday to Moly-Cop, a portfolio company belonging to private equity firm American Industrial Partners.The transaction includes the sale of Metso Spain Holding, S.L.U, including operations in Bilbao and Seville, Spain. As a result, about 80 employees have transferred from Metso to Moly-Cop. The turnover of the divested business in 2018 was ap...Read More
Fed Chairman Jerome Powell said the central bank will be "patient" in its approach to monetary policy."There is no preset path" for raising rates or adjusting the balance sheet, Powell said during a roundtable with former Fed chairs Janet Yellen and Ben Bernanke.Powell said the US economy is in strong shape and believes the market is pricing in "downside risks" that aren't visible yet.However, he...Read More
Nonfarm payrolls surged by 312,000 in December. Economists surveyed by Dow Jones had been expecting payroll growth of just 176,000.Wages jumped 3.2 percent from a year ago and 0.4 percent over the previous month. The year-over-year increase is tied with October for the best since April 2009.The unemployment rate rose to 3.9 percent as more workers joined the labor force.Jeff Cox| @JeffCoxCNBCcomPu...Read More
Passage of the spending packages will not move Congress closer to reopening nine unfunded federal departments for now. One bill passed by the House would fund eight closed U.S. departments through Sept. 30. The other would reopen the Department of Homeland Security through Feb. 8.Jacob Pramuk| @jacobpramukPublished 22 Hours AgoUpdated5 Hours AgoCNBC.com show chapters Democratic-led House passes...Read More
As the new year begins, gold continues to gain respect as the ultimate investment asset. Unfortunately, the same cannot be said for the U.S. dollar.Most investors tend to view the dollar as a "safe haven", but the big bank FOREX traders that really move the currency market view the dollar as a risk-on asset class.They view gold and the Japanese yen as the main risk-off assets. So, when the d...Read More
A little post-Christmas love from Santa Claus to end 2018 won't be enough to turn the tide for an ugly December and a brutal 2018 that cut across a broad swath of Wall Street, ranging from stocks to commodities. Indeed, while investors had spent much of the long-running bull market in stocks arguing that "there was no alternative" to equities, the past year saw investors lament that there was "now...Read More
Base metals prices on the London Metal Exchange continued their uptrend at the close of trading on Friday January 4, buoyed by strong gains in the US stock indices while depleting LME stocks keep prices elevated. Copper's three-month price was the best performer over the afternoon, gaining more than 3% and reaching an intraday high of $5,933 per tonne. The metal's three-month price has been t...Read More
The benchmark for the supply of aluminium to main Japanese ports (MJP) in the first quarter of 2019 has settled in a premium range of $83-85 per tonne cif over the London Metal Exchange price, the lowest level in more than two years, sources directly involved in the negotiations disclosed to Fastmarkets MB.The latest settlement represents an 18% decrease from the fourth-quarter benchmark of $103 p...Read More
An overview of the battery raw materials markets and their price moves from the past week.Read More
An overview of the battery raw materials markets and their price moves from the past week.Read More
Silver is up 12.4% since November 11th, gold is up 9.3% since August 15th. But the GDX mining stock ETF is up 21.4 % since September 11th. GDX is actually up 71% since mid- January 2016. By comparison, the SPX is up just 34% over the same time period (Jan 19th, 2016).There's a quiet bull market unfolding in the precious metals sector. But don't expect to hear about it on CNBC, Bloomberg TV...Read More
Adam HamiltonArchivesJan 04, 2018 The gold stocks' young upleg is really growing, on a trajectory to become major. This contrarian sector is breaking out to the upside on multiple fronts technically, which is really improving sentiment. Traders' extreme bearishness of late summer has mostly abated, with bullish shoots taking root. Fundamentals certainly justify the mounting gold-stock buying, with...Read More
Gold and gold stocks, It is "high noon" at $1300About four years ago I wrote that a very knowledgeable gold mining person who has been an excellent source of information told me that there was a private meeting in a "large east coast North American city." Those attending the confidential meeting were representatives of central banks and large c...Read More
Indicators for China's economic strength have been weak and central bank efforts to boost spending are getting less effective, analyst Christopher LaFemina said, and metals demand will fall as a result."Broad credit growth in China has been on a declining trend since 2017 … credit growth tends to lead economic activity by 3-6 months, and credit growth is unlikely to accelerate until more ag...Read More
BMO analyst Colin Hamilton said in a note there were many questions in the metals market raised by the trend in China of positive fiscal spending statements, but weak consumer-led data points, whichRead More
Jiangxi Copper, one of the China's top copper producers, has purchased a majority stake in a facility in Yantai as part of a rare move of consolidation among state-owned copper smelters, according to an exchange filing on Thursday January 3.The multi-year long discussion between Jiangxi Copper and the operator of the Yantai Guorun smelter has finally been concluded, with the former agreeing to buy...Read More
Fastmarkets MB increased the frequency of the assessment of manganese ore inventories at the main Chinese ports of Tianjin and Qinzhou to weekly from fortnightly on Thursday January 3. Following a month-long market consultation, Fastmarkets MB has begun assessing manganese ore inventories at the main Chinese ports of Tianjin and Qinzhou weekly on Wednesdays. The next publication date is January 9....Read More