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
Key data from the pricing sessions in Europe and the United States for the week ending Friday October 4. Europe The high carbon ferro-chrome market rose at the top end of the range after some producers successfully raised their offer prices. Fastmarkets' ferro-chrome 0.10% C, average 65-70% Cr, delivered Europe nudged up at...Read More
Spot terms for processing copper concentrates rose at an accelerated pace in the first week of October on improved concentrates availability, while smelters are well covered with contractual deliveries and miners are eager to sell more volumes via tender.Fastmarkets' benchmark copper TC/RC index cif Asia Pacific rose to $54.1 per tonne/ 5.41 cents per lb on Friday October 4. The index, which track...Read More
Liberum's bearishness is underpinned by its view that Chinese demand - though hardly robust at present - is set to slide over the coming year.Read More
Bye's appointment as an independent non-executive director will be confirmed at Swick's upcoming annual general meeting on November 8.Bye has more than 20 years of operational and executive experience focusing on innovation and integration of the mining value chain, including 10 years with Anglo American in underground and openpit operational roles. He has a PhD in mining engineering and is a fell...Read More
Adam HamiltonArchivesOct 04, 2019 The gold miners' stocks are correcting. They've been sliding and drifting lower on balance since their powerful recent upleg peaked a month ago. Corrections are normal and healthy in ongoing bull markets, rebalancing sentiment to pave the way for the next upleg. They also offer the best buy-low opportunities seen inside secular uptrends. Deploying capital in gold...Read More
Low refined nickel stocks and a looming ban on exports of nickel ore from Indonesia are two factors creating a bullish nickel market, according to participants at the seventh Asian Nickel Conference held in Jakarta in mid-September. Low refined nickel stocks at exchange-listed warehouses and the unlikelihood that huge amounts of nickel ore will be stockpiled at Chinese ports ahead of a ban on expo...Read More
An overview of the battery raw materials markets and their latest price moves.Read More
The collapse took place on October 1. Although no fatalities or equipment damage were reported, mining activities have been suspended and an assessment of the impact is underway. Mining is continuing at the company's Marvoe and Kinjor-South pits at New Liberty.The company's gold production and cost guidance was already under review and this event is likely to impact that process, although it does...Read More
Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 322,80053,80758,499163,050466,738544,349579,044 Change from Prior Reporting Period -47,593-4,142-2,990-535-41,992-51,118-49,124 Traders 20571845552288183 Small Speculators LongShortOpen Interest 60,53625,841604,885 -2,941-4,935-54,059 non...Read More
- DeepcasterAn essential first step in Profiting and Protecting is obtaining Accurate information about the Economy, Markets, Interventions, Macro forecasts and indeed News in general.We summarize here, but encourage investors and traders to further study the followingGold & Silver Interventionals All citizens should be or become aware of what educated Investors and Traders have long known: th...Read More
Richard (Rick) Mills, Ahead of the herd This year at AOTH we have tackled a number of reasons for gold and silver's rise, aiming to explain "in layman's terms" what is behind the seemingly relentless move upward - despite the trend-busting reality of a high US dollar. We'll get to that further down this article, but for now, we are summarizing all that we know about why now might be, in our o...Read More
By: Ira EpsteinGold only $19 away from the highest close, impressive. But the daily chart is not so impressive short-term. Gold will see resistance around $1,537 and support around $1,480 (dec contract).Read More
An overview of the minor metals markets and their latest price moves.Read More
Ferrous scrap prices continued on a downtrend in the week ended Friday October 4 on pervasive weak sentiment throughout key markets. The global demand for downstream finished steel remained poor, and steel mills continued to buy scrap cargoes at lower prices. Turkey prices drop toward end of week US sellers offload two cargoes to Turkey Asian buyers get cargoes via bargain-hunting India import pri...Read More
The recovery seen earlier this week in Turkish deep-sea scrap import prices was short-lived and they went down to their previous levels in the latest transactions heard on Friday October 4.A Turkish steel mill in the Marmara region booked a UK cargo, comprising 18,000 tonnes of HMS 1&2 (80:20) at $223.50 per tonne cfr.Another steel mill in the Izmir region booked a US cargo at $228.50 per tonne cf...Read More
Prices in the UK and mainland Europe alloy steel scrap markets were unchanged this week because of an almost complete lack of buying interest, sources told Fastmarkets on Friday October 4. Demand from European stainless steel mills is extremely low, traders said, because of weak demand globally for stainless steel that has led mills to reduce their production rates. With mills producing less stain...Read More
It has been a hectic couple of years for LME chief executive officer Matthew Chamberlain, his teams and members while the exchange works through the comprehensive list of plans and actions in its Strategic Pathway.Regardless of the actual volume of activity under way in an organization, there is a tendency for most chiefs to convey a sense of constant, restless dynamism focused on an endless desir...Read More
Weak data out of the United States, on top of generally weak data globally, is keeping most markets rangebound and the focus today will be on the US employment report. A weak number could give equities a boost as it would suggest easier monetary policy, but weak data does not bode well for manufacturing. In addition, the metals are likely to now start to focus on next week's US-China trade talks -...Read More
THUNDER BAY - Ontario's government is supporting the delivery of important charter aviation transportation services in Northern Ontario.Today, Greg Rickford, Minister of Energy, Northern Development and Mines, announced Wisk Air is receiving $1 million through the Northern Ontario Heritage Fund Corporation (NOHFC) to purchase a Bell 412 helicopter. The investment will go towards improving helicopt...Read More
An overview of the battery raw materials markets and their latest price moves.Read More