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
By: Stewart Thomson, Graceland Updates: 1. Is the latest tiny price correction in gold already done? 2. Please click here now. Double-click to enlarge this daily gold chart. The uptrend looks majestic, and especially so in the face of the dollar's strength against the euro and the yen.3. Whether gold rallies from the current $1306 support zone or from $1280 is not imp...Read More
The Indoos stalled Monday almost precisely at the 25,440 midpoint Hidden Pivot shown. Buyers subsequently gave up almost no ground, setting up a likely move past the resistance on Wednesday. If it's decisively exceeded, that would all but clinch more upside to the 25,998 target. This was already no worse than an even-odds bet because the initial thrust, labeled A-B in the chart, exceeded two...Read More
The Turkish steel producers have continued to hold back from the deep-sea scrap markets, after booking enough material for stocks, and have started to watch the finished steel markets, sources said on Wednesday February 13.The mills in the country have booked around 2.5 million tonnes of scrap since the beginning of the year to replenish earlier low stock levels, and were now focusing on finished...Read More
Nordic Gold's mill at its Laiva Mine near Raahe, Finland. Source: Nordic Gold Corp.Nordic Gold Corp. [NOR-TSXV; FIEIF-OTC] shares lost 38% of their value Wednesday February 13 after the company said it is experiencing liquidity and operational issues at its 100%-owned Laiva Mine near Raahe, Finland.In a status update that triggered heavy selling of the shares, Nordic said these problems are due to...Read More
Visible gold was encountered in the New Discovery area in drill hole BL 18-12. Photo courtesy Galway Metals Ltd.Galway Metals Ltd. [GWM-TSXV; GAYMF-OTC] rallied sharply on Wednesday February 13 after the company reported the first assays from a new gold find at the company's Clarence Stream project in southwest New Brunswick.The discovery hole, BL18-12, returned 7.3 g/t gold over 36.7 metres, incl...Read More
Gold futures finished higher for a second consecutive session on Wednesday, but pared much of their earlier gains as traders tracked moves in the benchmark dollar index, the latest developments in the U.S.-China trade dispute and efforts to avoid another partial U.S. government shutdown. "The 'risk-on' vibe sweeping across global markets and the stabilizing U.S. dollar are bad news for gold which...Read More
Site plan for Nemaska's Whabouchi lithium mine in Quebec. Source: Nemaska Lithium Inc.Nemaska Lithium Inc. [NMX-TSX; NMKEF-OTCQX; NOT-FSE] shares tumbled Wednesday February 13 after the company said it will need an additional $374 million to complete the construction of its Whabouchi Project (mine and electrochemical plant) in Quebec.The announcement follows a "cost to complete reassessment" which...Read More
* GRAPHIC-2019 asset returns: (Adds closing prices)By Zandi ShabalalaLONDON, Feb 13 (Reuters) - Copper rose from a two-week lowon Wednesday due to signs of an easing in tensions in theU.S.-China trade conflict, but a lack of a firm resolution kepta lid on the tepid gains.Three-month copper on the London Metal Exchange(LME) ended 0.3 percent higher at $6,125 per tonne, its firstrise in five session...Read More
A lack of fresh drivers kept US copper futures steady in Wednesday morning trading. The copper price for March settlement on the Comex division of the New York Mercantile Exchange was flat at $2.7720 per lb.The focus of market participants - and the main driver of direction - remains the US-Chinese trade talks."We expect further upside in copper prices over the next month due to a stronger macro s...Read More
Gold settled higher on Tuesday, with the dollar on track to end its stretch of eight straight wins. The yellow metal had ended Monday with a 0.5% loss as the leading dollar index traded at its highest levels since December, cutting demand for investors buying precious metals using currencies other than the U.S. unit. April gold GCJ9, -0.34% tacked on $2.10, or 0.2%, to settle at $1,314 an ounce....Read More
Lomiko Metals Inc. (TSX-V: LMR, LMRMF, FSE: DH8B): Preparing to Supply the New Demand for Graphite in Li-Ion Batteries, Interview with Paul Gill, CEOLomiko Metals Inc. (TSX-V: LMR, LMRMF, FSE: DH8B) is a Canadian-based, exploration-stage company, that discovered high-grade graphite at its La Loutre Property in Quebec and is working toward a Pre-Economic Assessment (PEA) that will increase its curr...Read More
What is Saudi Arabia's greatest fear?It's not being called out by the international community over murdering a journalist. It's certainly not over the fact that women in the country were able to vote for the first time only a few years ago or were allowed to drive a car starting only last year. The answer... is camels.You see, neither of those first two things is more frightening to a young Saudi...Read More
China's hot-rolled coil exporters left their offer prices unchanged on Wednesday February 13, although the domestic market continued to drop on low demand.DomesticEastern China (Shanghai): 3,790-3,800 yuan ($559-560) per tonne, down 50 yuan per tonneNorthern China (Tianjin): 3,760-3,770 yuan per tonne, down 20-30 yuan per tonnePrices have returned to their pre-Chinese Lunar New Year holiday l...Read More
We are excited to be launching Canadian Insider Insights, a newsletter exclusively for CanadianInsider.com users to provide a quick read on what insiders are telling us about the outlook for the Canadian market. Commentary draws heavily from the subscriber-supported Market INK report, focusing on trends we see in the mid-cap-oriented INK Canadian Insider Index, signals from our proprietary sentim...Read More
China's steel futures fell during morning trading on Wednesday February 13, while those of steelmaking raw materials moved sideways.Futures closing prices - morning session Shanghai Futures Exchange May rebar: 3,731 yuan ($550.30) per tonne, down 18 yuan per tonneMay hot-rolled coil: 3,636 yuan per tonne, down 11 yuan per tonneDalian Commodity Exchange May iron ore: 623 yuan per ton...Read More
Chinese mills have raised their export plate offers following higher global steel prices amid rising raw material costs in the wake of the accident at one of Vale's iron ore mines in Brazil.Fastmarkets MB's assessment for March/April shipments of commercial-grade, chromium-added plate was $520-540 per tonne fob for the week ended Tuesday February 12, up $5-20 from $515-520 per tonne fob during the...Read More
Prices for domestic hollow steel sections in Europe were unchanged on Wednesday February 13, with the market seemingly paralyzed by uncertainty over EU import tariffs and quotas, sources told Fastmarkets.Fastmarkets' domestic price assessment for commodity-size, grade-S235 square hollow sections made in Northern Europe was unchanged week on week at ?,?630-640 ($712-723) per tonne delivered on Wedn...Read More
European prices for mesh-quality wire rod stayed flat across the continent on Wednesday February 15, with some buyers facing high costs for imports from Turkey in recent days because the European Commission's safeguard import quota has already been fully taken up.Fastmarkets' weekly domestic price assessments for mesh-quality wire rod in both Northern and Southern Europe stayed at ?,?530-550 ($599...Read More
The price for rebar produced and delivered in Southern Europe remained flat on Wednesday February 13, with producers facing higher raw materials costs and unable to pass on the increases to disinterested customers.Fastmarkets' weekly price assessment for domestic rebar in Southern Europe stayed at ?,?510-520 ($578-589) per tonne delivered on Wednesday.The rebar price has remained at that...Read More
Vale has signed an agreement with the municipal government of Vit??ria, capital of Brazil's south-eastern state of Esp?-rito Santo, to resume operations of pellet plants and port logistics at Tubar??o, the miner said on Wednesday February 13.The municipality previously ordered the company to stop water treatment processes at the site on February 8, which prompted the halt of pellet plants 1 throug...Read More