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
Background image: Talison LithiumAs expansion programs at South American brine operations slow down, the bulk of new lithium capacity is coming from hard rock mines.While demand growth continues to accelerate the supply response has been dramatic. Last year saw four new spodumene operations enter the market and while concentrate (6% free on board Australia) traded either side of $900 a tonne for...Read More
A $15 million thermal coal export terminal planned for Fraser Surrey Docks has had its permit cancelled by the Port of Vancouver."This is a win for the climate and a testament to what can be achieved when community members stand up and say no to dirty U.S. coal," Fraser Thomson, a lawyer with Ecojustice, said in a news release. The Fraser Surrey Docks coal project would have a capacity of shipping...Read More
Monarques Gold of Montreal says its 2018 drilling program has increased the size of its Croinor gold deposit 50 km east of Val d'Or. And the deposit continues to yield exceptional grades.Highlights from the additional 6,645-metre diamond drill program include these assays:Hole CR-18-685: 17.26 g/t gold over 2.0 metres, including 50.10 g/t over 0.6 metres;Hole CR-18-676: 10.33 g/t gold over 1.8 met...Read More
Silver recently started outperforming gold again, a watershed event. For long years this white metal has mostly lagged the yellow one, relentlessly battering silver sentiment. But gold surging into year-end 2018 finally sparked some life into moribund silver. This is a bullish sign, as silver has soared in the past once rising prices reach critical mass in attracting new investment capital....Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average rose Monday. The blue-chip index last week posted gains for the sixth straight week.Clorox Co. (CLX) rose 5.7% after it posted stronger-than-expected fiscal second-quarter earnings and confirmed its full-year profit outlook.Papa John's International Inc. (PZZA) soared 9% aft...Read More
Automaker Ford Motor Co, China's Huayou Cobalt and South Korean battery supplier LG Chem have joined forces in a blockchain project to monitor cobalt supplies from the Democratic Republic of Congo (DRC), an executive at Ford said. Using technology by IBM and overseen by responsible-sourcing group RCS Global, Ford and its partners are working to ensure that the cobalt used in lithium-ion batteries...Read More
Automaker Ford Motor Co has no current plans to take stakes in mining assets or secure direct offtake agreements with mining firms in order to produce batteries for electric vehicles, although it hasn't ruled it out entirely. Ted Miller, senior manager for energy storage strategy and research at the Michigan, US-based company, said Ford had "considered all options" and ultimately opted for a more...Read More
Base metals prices on the London Metal Exchange were predominantly higher at the close on Monday February 4, with nickel, zinc and lead surging while aluminium closed above $1,900 per tonne. The three-month nickel price rallied to its highest since August 2018 above $13,000 per tonne.According to LME data, one dominant position remains in place at 50-79% across total LME nickel stocks, tom/next an...Read More
Bob Moriarty ArchivesFeb 4, 2019A young company in Vancouver offers investors an interesting option in two important metals, LREE (Light Rare Earth Elements) and uranium. They recently changed the name of the company to reflect the attention to defense based metals.The company has aggressively picked up an important LREE project called the Wicheeda Deposit located about fifty miles NE of Prince Ge...Read More
Price inflation has been badly misrepresented by CPI figures and have been averaging closer to about 8% annually since gold topped in Sept 2011. Since then the purchasing power of the dollar has declined by about 43%, so that in 2011 dollars the gold price is $740. No one seems to have noticed, leaving gold extremely cheap. - Alasdair Macleod, "Ten Factors To Look For In Gold In 2019"The following...Read More
The stronger currencies of China and South Africa pushed prices of UG2 chrome ore higher last week. UG2 chrome ore tick up alongside stronger yuan and randAlloy prices hold steady in ChinaAlloy prices weaken in Japan and South Korea European price range widens Alloy prices climb in US UG2 chrome ore prices rose in China on Friday February 1 due to the strengthening of the yuan and the ra...Read More
Zinc rose more than 2% to around a six-month high of US$2,777 a tonne while copper closed slightly lower. Strong jobs data out of the US on Friday helped ease market jitters, although China's Caixin purchasing managers' index fell slightly in January.Key global market indices had closed higher on Friday and the S&P/ASX200 was following suit in midday trade today.New graphite producer Syrah Res...Read More
The latest ferro-vanadium and vanadium pentoxide (V2O5) transactions, bids, offers and assessments in Europe and China. To view the latest price assessments, follow the links below: Europe - Ferro-vanadium, delivered duty-paid in Europe, $ per kg V - Vanadium pentoxide, in-warehouse Rotterdam, $ per lb V2O5 China - Ferro-vanadium, 78% min, fob China, $ per kg V - Vanadium pentoxide, 98% min, fob C...Read More
CEO Benedikt Sobotka said ahead of Mining Indaba that, although volatility in both markets was expected to continue, the severe underinvestment in mining projects was set to drive up prices, asRead More
TECHNICAL SCOOPCharts and commentary by David ChapmanChief Strategist, Enriched Investing Inc.Phone: 416-523-5454 Email: david@davidchapman.comdchapman@enrichedinvesting.com "The usual bull market successfully weathers a number of tests until it is considered invulnerable, whereupon it is ripe for a bust." George Soros, financier, philanthropist, political activist, author, philosopher, b. 1...Read More
HUI, the Gold Bugs Index, is close to triggering its first buy signal on the weekly chart in more than two years. The first proved to be a dud, and it sent this popular trading vehicle into a ratcheting downtrend that would have driven most bulls to the edge of despair. As a result, skepticism toward the current rally undoubtedly is high. But traders should be prepared for a pleasant surpr...Read More
The Fed didn't just fold on Wednesday, it crumpled, capitulated. A long time ago we had figured out that when push came to shove, this is what it would do. However, we thought that it would take a market crash to force it to change course, in order that it could use that as solid justification for a U-turn, instead of which it only took a crashlet, or the start of a crash.The Fed's "Prime Direct...Read More
By: Jordan Roy-Byrne CMT, MFTAFirst we need to define what a breakout actually is. Its when the price breaks a pattern or a range and a new trend is therefore established.Today, people are all too quick to refer to almost every move higher as a breakout. Just google "Gold Breakout" and you'll see what I mean.Sure, closing above $1300 was a breakout for Gold. But that's hardly significant. If and...Read More
Automaker Ford Motor Co, China's Huayou Cobalt and South Korean battery supplier LG Chem have joined forces in a blockchain project to monitor cobalt supplies from the Democratic Republic of Congo (DRC), an executive at Ford said. Using technology by IBM and overseen by responsible-sourcing group RCS Global, Ford and its partners are working to ensure that the cobalt used in lithium-ion batteries...Read More
* Chinese holiday expected to subdue volumes this week * Market focus is on U.S.-China trade dispute (Updates with official prices, adds nickel)By Pratima DesaiLONDON, Feb 4 (Reuters) - Zinc prices climbed to seven-monthhighs on Monday, lifted byconcerns over shortages due tofalling stocks and environmental constraints, and delays to newcapacity in top producer China.Benchmark zinc on the London M...Read More