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
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average slumped on Tuesday ending the blue chip index's four-day winning streak. The Dow rose 3% last week, the S&P 500 gained 2.9% and the Nasdaq jumped 2.7%.Johnson & Johnson (JNJ) posted stronger-than-expected fourth-quarter earnings and forecast a modest increase in full-year sales for 2019. The stock ...Read More
Base metals prices on the London Metal Exchange were mostly lower at the close of trading on Tuesday January 22, with gains limited by continued strength in the US dollar index, while low stocks and positive fundamentals failed to spur upward movements in prices.Aluminium futures continued to lead the complex in volumes traded over the afternoon, ending the day with more than 17,000 lots changing...Read More
Comex copper opened the four-day working week in the United States on weak footing on Tuesday January 22 morning, with the market awaiting clarification on US-China trade talks.The copper price for March settlement on the Comex division of the New York Mercantile Exchange tumbled $5.70 cents to $2.6620 per lb. There is a four-day week in the US this week following a public holiday for Martin...Read More
Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:admin@guswinger.comJanuary 22, 2019 Is the price correction in gold already over? Please click here now. Double-click to enlarge.I told investors to prepare for a modest and healthy correction from the $1300 area, and that’s happened. Gold hasn’t even reached the first Fibonacci retracement lin...Read More
Fastmarkets MB has today discontinued four weekly tin spot premium assessments in Rotterdam, Singapore and Shanghai due to a lack of spot liquidity. The decision follows a month-long consultation period which did not receive any feedback. Therefore, Fastmarkets MB has discontinued the 99.85% tin ingot premiums in-warehouse Rotterdam and cif Shanghai and the 99.9% tin ingot premiums for standa...Read More
The Newmont/Goldcorp merger is the second mega-deal in the industry after Barrick acquired RandGold in September. Without question, the two deals reflect the growing need for large gold and silver mining companies to replace reserves, which are being depleted at these two companies more quickly than they are being replenished. The deal will give Newmont access to Goldcorp's portfolio of developing...Read More
* China aluminium smelters losing $145/T -Commerzbank * China zinc production 'very weak' -Deutsche Bank * Stocks slump on IMF growth forecasts, China data (Adds closing prices, detail)By Maytaal AngelLONDON, Jan 22 (Reuters) - Aluminium prices hit theirhighest in nearly a month on Tuesday as investors brushed offweaker economic growth in China to focus on signs of fallingproduction.Trading volume...Read More
A flurry of demand ahead of the Chinese New Year holiday is providing support to import prices for UG2 chrome ore.A flurry of demand ahead of the Chinese New Year holiday is providing support to import prices for UG2 chrome ore. UG2 chrome ore climbs by $1 Domestic spot ferro-chrome prices holds in China; flat February tenders predicted Alloy prices soften in South Korea but unchan...Read More
Aggressive bidding and lower offer prices weighed on manganese ore prices in China, where inventories also fell sharply in the week ended Friday January 18. Manganese ore prices in China continue to fall Manganese ore stocks in China slump Ferro-manganese prices in Europe, China drop Silico-manganese price fob India falls Alloy prices stable in United States The manganese...Read More
CloseGain/LossGold $1284.60+$3.90Silver$15.33UNCHXAU68.74+0.53%HUI152.20+0.95%GDM572.33+0.18%JSE Gold1341.80+33.06USD96.36-0.01Euro113.63-0.03Yen91.65+0.41Oil$52.57-$1.2310-Year2.739%-0.048T-Bond145.21875+0.6875Dow24404.48-1.22%Nasdaq7020.36-1.91%S&P2632.90-1.42% The Metals: Gold dipped $3.80 to $1276.90 in holiday thinned trade yesterday before it bounced back to $1284.90 in Asia today an...Read More
- Outlook for gold in 2019: IG TV Victoria Scholar interviews GoldCore- Given Brexit & Trump risk, trade wars & fragile economic growth, gold may gain 20%-25% in 2019- Palladium has surged to record highs and gold will play catch up in coming years and reach record highs again; Both nominal highs near $1,900/oz and inflation adjusted at much higher prices- Global demand will be strong in 2019 a...Read More
Risk of a sustained Chinese slowdown is higher after the Chinese president stressed the need to maintain political stability. Jobs are the key to every nation. Increase in joblessness will create political issues in communist China. Industrial metals can fall first or the pace of rise will reduce after comments from the Chinese president. The Chinese have started/intend to start a massive infras...Read More
The domestic ferro-silicon market in China recovered over the past week in line with tighter supply of the alloy. In Europe, ferro-silicon prices fell to lows last seen in August 2017 after suppliers reduced their offer levels to stimulate business in a slow spot market. Chinese domestic market bounces as supply tightens but production restarts may hamper recoveryEuropean market seen stabilizing i...Read More
Tanzania intends to cancel permits for mineral sites belonging to large-scale miners that remain undeveloped and will allocate the licences to smallholders, President John Magufuli said.The announcement comes amid a tax dispute between the state and Acacia Mining Plc, in which the government is demanding $190 billion in penalties, after claiming the company had under-declared export revenue since...Read More
The Fanya Exchange will auction 34.64 tonnes of indium stocks it holds in its warehouse at the end of the month, market sources told Fastmarkets on Tuesday January 22. Of the auctioned volume, 7.6 tonnes are stored in a Kunming warehouse of Changyue Feiping, a Chinese storage and logistics company, while the remaining 27.04 tonnes are in a local warehouse of Yunnan Postal Savings Bank. The stocks...Read More
Drilling operations on Allegiant Gold's Eastside gold property near Tonopah, Nevada. Source: Allegiant Gold Ltd.Allegiant Gold Ltd. [AUAU-TSXV; AUXXF-OTCQX] said Tuesday January 22 that it has optioned out three U.S. projects in a move to cut costs and allow the company to focus on six projects that are slated for near-term drilling."With our focus in the foreseeable future clearly dedicated to ou...Read More
The Turkish steel producers continued to show very little interest in deep-sea scrap trades because of the weak demand for finished steel in the country's export and domestic markets, sources said on Tuesday January 22.Although some mills have booked a few cargoes to replenish stocks over the past week, with escalating prices, most mills were trying to avoid scrap purchases until they see a recove...Read More
Diamond drilling on Tasca's Poplar Project near Houston, British Colombia. Photo courtesy Tasca Resources Ltd.Tasca Resources Ltd. [TAC-TSXV; ECMXF-OTC; 3TA-FSE] emerged as the volume leader on the TSX Venture Exchange Tuesday January 22 after the company reported results from diamond drilling at its Poplar copper project located southwest of Houston, British Columbia.Investors responded by sendin...Read More
The Tuesday Market Minute Global stocks retreat for a second day on twin concerns for word economic growth in the form of a sharp China slowdown and reduced 2019 forecasts from the IMF.European stocks clipped by growth concerns and Brexit uncertainty as Prime Minister Theresa may attempts to revive her rejected exit deal.U.S. earnings take center stage this week with 60 S&P 500 companies rep...Read More
[Editor’s note: This story was originally published in August 2018. It has since been updated and republished to reflect changes in stock price, although the writer’s opinions may have changed.]The stock market is a mess right now. Ever since Facebook (NASDAQ:FB) dropped the ball, the whole tech sector has rolled over and markets have dropped. The broad market volatility, however, does...Read More