By: Ira EpsteinGold hold up well against key support of 18-Day Moving Average of Closes:Read More
The race for marijuana profits is on... and one up-and-comer is taking the "Buffett" approach to profits.The race for marijuana profits is on. Marijuana presents one of the most lucrative investing opportunities of the modern age - millionaires have been made many times over, and by finding the right stock at the right time, it's still possible for investors to cash in on these "first wave" profit...Read More
Gold is inching closer to record highs in AUD and NZD terms, not surprisingly though, as speculations are rife that both the Reserve Bankof Australia (RBA) and the Reserve Bank of New Zealand (RBNZ) would cut rates this year. Earlier this week, RBA's Lowe put rate cut back on the table, reinforcing expectations that the central bank would reduce interest rates by 25basis points this...Read More
Aluminium foundry premiums in Europe were under pressure this month from weak demand and the removal of US sanctions against Russian producer UC Rusal, but the premium in the United States remained firm. The premium in Eastern Europe for silicon 7 aluminium wheels on a delivered-duty-paid basis dropped 5% to its lowest level since monthly assessments began in 2017. Fastmarkets assessed the Eastern...Read More
Cobalt trade log including business, bids and offers reported to Fastmarkets.Cobalt trade log including business, bids and offers reported to Fastmarkets. Unless otherwise stated, all prices are per lb on an in-warehouse Rotterdam basis. Delivered prices are netted back. Fastmarkets prices Click here for Fastmarkets' price assessment for standard-grade cobalt, in-warehouse, $ per lb Click here for...Read More
The gold market has made a good rally since the 11/30/2018 Chaos Clinc suggested it was about to rally. This initial rally could be part of a longer term move. One of the dominant astro cycles in Gold is the Saturn-Node (SO) cycle. This 11.4 year cycle is close to the average solar sunspot cycle, which has been linked to several economic cycles. Gold is used as a he...Read More
GOLD Spot gold holds positive tone for the second day as week-long dollar's rally is losing traction and may take a breather on overbought conditions.Recovery extension hit high at $1315, retracing 50% of $1326/$1302 pullback and signaling formation of higher low at $1302 (07 Feb low).Fresh strength looks for confirmation on daily close above cracked 10SMA ($1312), to ease downside risk and sh...Read More
Manganese ore prices are showing signs of recovery after a poor start to 2019 that was blamed largely on bearish sentiment around silico-manganese and steel markets in China.Low-grade manganese ore prices have edged up in late January amid a flurry of demand ahead of Chinese New Year, which meant some of the firmer offers in the market were successful, despite the fact that some miners had cut off...Read More
The ongoing "risk-off" trade continues to dominate the agenda once again today. After yesterday's sharp sell-off, European stocks were struggling to rebound this morning and US index futures remained downbeat. As a result, both precious metals are higher for the second consecutive day amid safe-haven flows. These metals have found additional support from the fact major central banks...Read More
The old continent is dying. The euro is on the brink of collapse. This is what you can often hear in the press. But is that really the case? We invite you to read our today’s article about the development of the Eurozone in the last twenty years and find out what are the real prospect of the euro – and what does it imply for the gold market. 20 Year of Eurozone and Gold In December, we...Read More
Genesis Metals (TSXV: GIS) announced this week a new resource estimate for the Chevrier gold project near Chibougamau, Quebec.In a press release, the miner said the resource estimate is for both the main Zone and east Zone at Chevrier, which are 10 kilometres apart. Geological data indicate that both zones are located within the Fancamp Deformation Corridor, which is a major structural break that...Read More
Total holdings of gold in gold-backed ETFs grew for the fourth straight month in January.Total holdings have not been this high since March 2013.Total holdings in global gold-backed ETFs finished $100.6 billion in 2018.By SchiffGold Total holdings of gold in gold-backed ETFs grew for the fourth straight month in January. Globally, ETFs added 72 tons of the yellow metal to their holdings last month...Read More
• The precious metal reversed an early dip and jumped to fresh session tops in the last hour, turning higher for the second straight session. • The positive momentum has been strong enough to lift the commodity beyond a descending trend-channel formation on the 1-hourly chart. • Technical indicators on mentioned charts h...Read More
After the market rout in late 2018, our Market Maps report for January showed a strong rebound in a wide range of risk-on assets.The rise was almost a mirror image of December's falls.But one anomaly in the abrupt change from risk-off to risk-on was gold.By Philip Lawlor, managing director, global markets research After the market rout in late 2018, our Market Maps report for January showed a...Read More
Base metals prices on the London Metal Exchange were mostly lower at the close of trading on Friday February 8, hampered by low liquidity conditions due to Lunar New Year national holidays while dollar strength and broad risk-aversion continues to limit commodity investment.Nickel's three-month price was the biggest decline over the day, falling over 3% to close just above $12,500 per tonne and do...Read More
The Comex copper price softened during US morning trading on Friday February 8 with trading volumes reduced due to Lunar New Year. The copper price for March settlement on the Comex division of the New York Mercantile Exchange dipped 0.45 cents to $2.8240 per lb. Yet the copper price has experienced short-covering so far this year, according to Fastmarkets MB research."While investors were ex...Read More
Seaborne iron ore prices stayed largely flat on Friday February 8 with China's week-long public holiday coming to an end, though there was some activity in the high-grade segment.MB 62% Fe Iron Ore Index: $85.53 per tonne cfr Qingdao, unchanged. MB 62% Fe Pilbara Blend Fines Index: $86.37 per tonne cfr Qingdao, unchanged. MB 62% Fe Iron Ore Index-Low Alumina: $87.32 per tonne cfr Qingdao, unchange...Read More
Gold futures suffered a fifth consecutive loss on Thursday, with overall strength in the U.S. dollar prompting the metal to post its longest streak of declines since June 2017. However, risk-off sentiment, on the back of a selloff in U.S. and European stocks, capped losses for haven gold. Gold for April delivery GCJ9, +0.30% fell 20 cents to settle at $1,314.20 an ounce. It was down a fifth strai...Read More
Precious metals will once again become very important and relevant. David Morgan explains why...David Morgan interviewed by Kerry Lutz on the Financial Survival NetworkDavid Morgan is one of the most knowledgeable precious metals authority on the planet. He's been doing it for 40 years. We had a wide ranging discussion covering the folly of the Fed, why precious metals are the ultimate hedge and h...Read More
Glencore is cutting the workforce at its Mutanda copper and cobalt mine in the Democratic Republic of Congo to lower costs before a possible shift in production methods, according to people familiar with the matter.The company is studying the economic viability of those deposits, given rising production costs and an uncertainty political environment in CongoLabour unions met on Friday to discuss t...Read More