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
COT SPECIAL PUBLICATION SCHEDULE Reminder -- Due to the U.S. Government Shutdown (February 1 Announcement) The last COT report was published on December 21, 2018. Reports going forward from that date will be published in chronological order beginning with the report previously scheduled for release on Friday, December 28, 2018 (based on data from Monday, December 24, 2018). The CFTC publ...Read More
The world's two biggest gold miners both announced mega-mergers over the past 5 months or so. These huge deals briefly garnered some interest in the usually-forgotten gold-stock sector, and fleeting praise from Wall Street analysts. But gold-stock mega-mergers are bad news for gold-miner shareholders on all sides. They reveal the serious struggles of major gold miners, and really retard fu...Read More
The Friday Market Minute Global stocks traded lower Friday following weakening inflation data from China and the biggest decline in U.S. retail sales since 2009.Slowing data from the world's two biggest economies added pressure to U.S.-China trade talks, which wrapped up Friday in Beijing with Treasury Secretary Steve Mnuchin citing "productive" meetings with Vice Premier Liu He.European stocks...Read More
By: Ira EpsteinGold washes out to the downside, but manages to come back late in the day and close near unchanged. Read More
Chris Watlzek of GoldSeek.com interviews Bob Hoye.Read More
An overview of the battery raw materials markets and their price moves from the past week. Read More
Underground mining operations Goldcorp's Red Lake, Ontario gold mine. Source Goldcorp Inc.As the old saying goes, the best place to discover gold is in an area where the yellow metal already exists. It helps to explain this week's announcements by two companies who have made acquisitions in the Red Lake District of northwestern Ontario.One is Pacton Gold Inc. [PAC-TSXV; PACXF-OTC]. The other is Ne...Read More
Monarch Gold's Beaufor Mine 20 km northeast of Val d'Or, Quebec. Source: Monarch Gold Corp.Monarch Gold Corp. [MQR-TSX; MRQRF-OTC; MR7-FSE] said Friday February 15 that it has resumed diamond drilling at its 100%-owned Croinor gold property near Val d'Or, Quebec.Monarch shares advanced on the news, rising 2.44% to 21 cents. The shares trade in a 52-week range of 21.5 cents and 14.5 cents.Before dr...Read More
Due to an input error, Fastmarkets' price book entry for European grade-553 silicon briefly showed an incorrect value on Friday February 15.The correct price, as assessed on February 15, for silicon, grade 553, min 98.5% Si, in-warehouse Rotterdam, is ?,?1,800-1,860 ($2,030-2,098) per tonne.Fastmarkets' price book and database have been updated accordingly.The weekly assessments for this price hav...Read More
First Quantum's Cobre Panama plant at night, Panama. Source: First Quantum Minerals Ltd.First Quantum Minerals Ltd. [FM-TSX] said 2019 will be another pivotal year for the company as it continues with the ramp up of its huge Cobre Panama project. It ranks as the world's largest new copper mine.The first concentrate is expected to be produced by the end of March and commercial production is anticip...Read More
[Editor’s Note: This story was previously published in September 2018. It has since been updated and republished.]Whether you’re a newbie who just watched The Wolf of Wall Street or you’re a seasoned trader whose previous fliers on penny stocks have burned one too many holes in your pocket, the story is the same — stay away from penny stocks!Penny stocks (classifi...Read More
The price of austenitic alloy steel scrap imported into Europe decreased on Friday February 15 because of lower nickel prices, Fastmarkets has heard.The price of 18/8 steel scrap solids imports was assessed on Friday at ?,?1,000-1,040 ($1,128-1,173) per tonne cif, narrowing downward by ?,?10 per tonne.The modest scale of the price change was related to the fact that nickel prices only began decrea...Read More
Gold futures ended lower on Thursday as concerns surrounding U.S.-China trade talks eased and the dollar traded higher for the week. However, the largest monthly drop in retail sales in nine years backed expectations that the U.S. Federal Reserve will pause interest-rates hikes, helping to limit the loss for gold. April gold GCJ9, +0.84% lost $1.20, or less than 0.1%, to settle at $1,313.90 an o...Read More
Domestic prices for ferrous scrap in Italy moved up in February following the positive trend settled in the international scrap markets, sources told Fastmarkets on Friday February 15.Fastmarkets' monthly price assessment for domestic grade E3 scrap in Italy was ?,?270-290 ($306-327) per tonne delivered on Friday February 15, compared with ?,?260-280 per tonne delivered in January."The upward tren...Read More
German steelmakers have settled their monthly scrap contracts for February with an average price increase of ?,?15-20 ($17-23) per tonne, reflecting the rise in the international market, sources told Fastmarkets on Friday February 15.Fastmarkets' monthly price assessment for domestic grade-E3 scrap in Germany was ?,?265-285 ($299-321) per tonne delivered on February 15, up from ?,?250-265 per tonn...Read More
Imagine this...A wind turbine made of solar panels.Sound crazy?Well, researchers at the University of Manchester have actually developed a similar device - one that generates energy using both wind and solar power.Scientists are calling these energy-harvesting devices "flags." But if you ask me, I'd say they look more like rudders. Have a look for yourself:Here's how they work...The energy flags h...Read More
Comex copper prices turned positive on Friday morning in the United States with improving trade talk optimism boosting the entire base metals space.The copper price for March settlement on the Comex division of the New York Mercantile Exchange rebounded 0.80 cents to $2.7820 per lb."We expect the global refined copper market to become tighter...Read More
In my Valentine's Day interview with Jim Goddard, I make the case that Energy stocks led by Cenovus (CVE) are likely going to start pulling their weight in the Canadian market. That would be a welcome development for Canadian investors because our indicators are also suggesting that the recent marijuana stock rally is in the final stages.Cenovus CEO Alex Pourbaix dancing to the oil patch beatBase...Read More
An overview of the battery raw materials markets and their price moves from the past week. Read More
China's domestic lithium spot market showed limited buying activity with prices unchanged in the first week after the Lunar New Year holiday, while transportation of lithium compounds has resumed and more market participants are due to return after the Lantern Festival next week.Battery-grade lithium carbonate prices static after the holiday on thin buying interest. Lithium hydroxide prices r...Read More