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
The record large 16.28 carat gem-quality diamond recovered on February 18 was sold for $78,947, valuing the stone at US$4,849 per carat. The smaller 8.97ct diamond recovered earlier in the month was sold for $8,306/ct, giving it a total value of $74,513. The stone had been independently valued at over $50,000.CEO Adam Waugh said the sales had further strengthened BlueRock's confidence in the...Read More
An overview of the battery raw materials markets and their price moves from the past week.Read More
The result saw a dividend of 15c per share declared.Last October, Lycopodium reported revenues of $194.6 million and a net profit after tax of $18.17 million for the year ended June 30, with the company saying it expected results in the current year to be generally in line with 2017/18.Last year Lycopodium paid a total dividend of 30c, including 12c in the first-half.In its statement today, Lycopo...Read More
An overview of the minor metals markets and the reasons for any price moves.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 gold miners' stocks surged strongly this week, blasting to new upleg highs. The mounting gains are naturally driving more interest in this small contrarian sector, shifting sentiment towards bullish. Despite their accelerating rally, gold stocks still remain fairly low technically and deeply undervalued relative to gold. So their strengthening upleg likely has plenty of room to run c...Read More
HighlightsMichael Pento, President and Founder of Pento Portfolio Strategies LLC returns to Goldseek.com Radio.Mr. Pento graciously outlines his current portfolio-strategy in detail for the listening audience.One of the few economic pundits to correctly anticipate the market plunge of 2018 on record.Gold and utilities remain favorite long positions, while he is comfortable with a short positi...Read More
By: Ira EpsteinGold still lower-lows, higher-highs...Read More
On Wednesday the Indoos poked marginally above a key peak at 25,908 recorded in December. This would likely have caused a multitude of technical traders and algos to smack their lips with anticipation, since such breakouts, even when slight, are among the most bullish events that can occur on charts. Of course, it could also be a great way for Mr. Market to set a ruinous trap for bulls, since th...Read More
Lonmin said it had received a written notice of secondary strike action from AMCU in support of the industrial action at Sibanye-Stillwater's gold operations.Read More
There will be demand in Asia of gold and silver today. If gold and silver continue to fall today also, then jewelers will have a jolly time during the weekend. They will be very busy. There should be good gold jewelery demand tomorrow if gold prices fall today also. Does an end to so called trade war between USA-China imply that it is over for gold bulls? This is the question which I am aski...Read More
Steel scrap prices in the principal trading regions have fallen sharply, as was expected by the majority of market participants, during the working week from Monday February 18 to Friday February 22.The price falls followed the decrease in Turkish scrap import prices this week, which was itself the result of limited demand for rebar and billet in the country's domestic market.Prices in Taiwan mana...Read More
* GRAPHIC-2019 asset returns:* GRAPHIC-Copper technicals:(Adds graphic, updates with closing prices)By Eric OnstadLONDON, Feb 22 (Reuters) - Copper prices climbed to theirhighest since July on Friday as inventories tumbled andinvestors bet on a U.S.-China trade deal.Optimism over a trade deal has been rising as top U.S. andChinese trade negotiators haggle over the details of a set ofagreements aim...Read More
The price of shredded ferrous scrap imported into India fell this week, confirming the correction that market participants had been expecting, sources told Fastmarkets on Friday February 22.Fastmarkets' weekly index for containerized imports of shredded scrap into India was $339.44 per tonne cfr on February 22, a fall of $6.06 per tonne from $345.50 per tonne cfr on Februa...Read More
A Nautilus Minerals seafloor bulk cutter mining machine. Source: Nautilus Minerals Inc.Nautilus Minerals Inc. [NUS-TSX; NUSMF-OTC], a company that was hoping to become the world's first deep sea mining firm, has sought protection against bankruptcy.Nautilus said Friday February 22 that it has obtained an order from the British Columbia Supreme Court that provides the company with protection from i...Read More
Light iron steel scrap prices in the United Kingdom have increased for a fifth consecutive week, because of higher export prices in key markets, sources told Fastmarkets on Wednesday February 22,.But a correction could be coming, they added, with global markets beginning to struggle.Fastmarkets' weekly price assessment for UK grade-5C ferrous scrap on an inter-merchant basis was ?95-120 ($124-157...Read More
The Turquoise Ridge gold mine 70 km northeast of Winnemucca, Nevada, owned as to 75% Barrick Gold and 25% Newmont Mining. Source: Barrick Gold Corp.Barrick Gold Corp. [ABX-TSX, NYSE] confirmed Friday February 22 that it has considered making a no-premium offer for Newmont Mining Corp. [NEM-NYSE] as the Canadian mining giant looks for ways to boost production.Barrick has reviewed the opportunity to...Read More
The US copper market saw heavy buying Friday morning amid mounting optimism that the trade dispute between the United States and China will be resolved in the coming months.The copper price for March settlement on the Comex division of the New York Mercantile Exchange jumped 4.20 cents to $2.9390 per lb.Progress in US-China trade talks continued to prompt positive market sentiment over the week, w...Read More
The Friday Market Minute Global stocks gain amid steady progress in U.S.-China trade talks paired with weakening data in key G10 economies.China's Shanghai Composite has best week in nearly three years amid trade optimism and bets on further stimulus in the world's second largest economy.Germany narrowly avoids recession with flat Q4 growth, but trade and Brexit uncertainty keep European ma...Read More
Ontario's Government working for the people is supporting Northern Ontario's film and television industry by investing more than $1.3 million in infrastructure to support film production in North Bay and two additional film projects centred in North Bay and Sudbury.Vic Fedeli, MPP for Nipissing, made the announcement today at Canadore College's post-production facility. The investments include: $...Read More