One may say that not much has happened last week in case of gold and silver, but it's impossible to describe the action in mining stocks in the same way. Miners started the previous week with a slide only to come back with vengeance before the week was over, changing the short-term picture for the entire sector. The weekly price changes show little changes as long as you only have a quick glan...Read More
Our research team, at Technical Traders Ltd., has been all over the precious metals markets for the past 16+ months. We’ve been so deep into research and study with regards to price action and technical/fundamental data, that we’ve been able to call market moves many months in advance.Recently, over the past few months, we’ve been warning that an April 21~24 date is likely...Read More
Okay, now I am getting geeked out. One of the most fun and rare times in what I do is when something big happens that I feel in my gut means something, but about which I am not able to come forth with a ready explanation of the meaning (without sounding like a know-it-all blowhard). It’s time to put the thinking cap on and to reference my wealth of experience (that’s another way of say...Read More
The U.S. yield curve extended its inversion. Everyone and their brother knows that recession must definitely be on the horizon. We are all doomed, so gold can only go up now, right? Yield Curve Inversion Gets LargerIt’s getting more serious. On Friday, the yield curve inverted. This week, the spread between long-term and short-term rates has not only remained below zero, but it has dived fur...Read More
Recently, we warned that Natural Gas may set up another opportunity for traders to buy into a support zone below $2.70 with a selling range near or above $3.00. Our upside target zone is between $3.25 and $3.45. The price of Natural Gas has recently fallen below $2.69 and we believe this could be the start of a setup for skilled traders to identify key buying opportunity in preparation...Read More
A Perfect Storm ishitting the Gold market, with an internal factor (QE), an external factor (SGE),and a systemic factor (Basel). All three forces are positive in releasing Gold from the corruptclutches of the Anglo-American banker organization. The East has an all-out blitz to ditch the USDollar and to adopt the Gold Standard in its early form, namely trade payment.In the last ten years since the...Read More
Maybe you have some gold (and silver) butnot enough. Maybe you haven't added to your stash for quite awhile, and youkinda' forgot why you bought it in the first place. Or perhaps you don't own any preciousmetals at all!If one of these circumstances fits you,then it's time to refresh your memory on the multiple reasons why you should owngold, assess your risk profile and unique financial...Read More
Published 23 Hours AgoUpdated7 Hours AgoReuters Simon Dawson | Bloomberg | Getty ImagesGold will continue to shine amid a weak dollar, says author and gold pro Jim Rickards.Gold rose 1 percent to briefly breach $1,300 an ounce on Monday, and remained at its highest in more than one week as the dollar slipped and a recent equities rally paused.Spot gold was up 0.5 percent at $1,297.22 an ounce a...Read More
James Hyerczyk16 hours ago (Apr 08, 2019 9:06 AM GMT)After consolidating for four sessions while straddling last year’s closing price at $1294.20, gold prices are spiking higher on Monday in reaction to a drop in the U.S. Dollar. The catalyst behind the move is risk aversion, fueled by a decline in global equity markets.Traders can’t pinpoint the exact reason for the shedding of risk...Read More
The gold miners' stocks are still marching, grinding higher on balance in a solid upleg. While interest in this sector has faded since late February, it is nicely set up for a strong rally. After consolidating high and establishing a sturdy base, the gold miners are likely to soon report greatly-improved first-quarter results. Couple that with gold itself powering higher, and the slumbering gold s...Read More
Copper's three-month price on the London Metal Exchange had gone up by the close of trading on Monday April 8, once again trading at more than $6,500 per tonne over the afternoon, while a marginal dip in the US dollar index helped zinc's three-month price recover to more than $2,900 per tonne.Volumes traded in copper topped the complex over the day, with more than 13,000 lots changing hands by the...Read More
Current global geopolitics add an element of uncertainty to the copper sector but the market's solid fundamentals have prevented a strong reaction in the metal's price, according to Hennie Faul, the chief executive officer of Anglo American's copper business.There is nonetheless an inevitable knock-on impact on decision-making for investments, Faul said in an interview with Fastmarkets as part of...Read More
China's domestic and export prices for rebar increased sharply on Monday April 8 following gains in the billet and futures markets.Domestic Eastern China (Shanghai): 3,980-4,030 yuan ($592-600) per tonne, up 80 yuan per tonneNorthern China (Beijing): 3,950-3,980 yuan per tonne, up 40-50 yuan per tonneBuying interest picked up during the day amid increases in both the billet and futures markets, wh...Read More
The GDXJ/GDX (Junior/Senior Miners) Ratio can create meaningful reversal patterns and send important signals to the mining sector, at key inflection points. Did the ratio send an important signal to miners last week? Possible!The GDXJ/GDX ratio has traded sideways for the past couple of years inside (1). The ratio has sent very few important messages to the bull or bear case since early 2017, whil...Read More
Altiplano Metals of Edmonton, Alta., is considering a magnetic separation plant for its Farellon copper-gold project near La Serena. The company says that copper recoveries from low grade mineralized material went up following magnetite separation.Two 100-kg low grade samples were submitted for testing. Initially, sample 251178 graded 0.65% copper (0.03% soluble copper) and 36.70% iron. Sample 251...Read More
The Turkish steel mills continued to stay away from the deep-sea scrap markets at the beginning of this week due to poor demand for finished steel and expectations of further prices decreases, sources said on Monday April 8.There was only one deal for scrap for import into Turkey last week, done on April 5. A steel producer in the Marmara region booked a European cargo, comprising 12,000 tonnes of...Read More
Giant mines currently under construction will churn out an additional 1 million tons of copper through 2023, but that won't be enough to fully close an expected gap between supply and demand in the next few years.Industry analysts and executives descending on Santiago this week for the Cesco conference, one of the industry's biggest events, are in bullish spirits: a key indicator of the market for...Read More
Cordoba Minerals (TSXV: CDB) is planning a 1,000 metre drill program at its Alacran copper-gold deposit, part of its San Matias copper-gold project in Colombia. Based on its results, the company may double the drill program.The miner will initially drill a single, 700 metre hole about 300 metres west of the Alacran targeting a potential copper-gold porphyry beneath the known deposit. It will then...Read More
The Chinese antimony price, despite dropping for the sixth consecutive week, has slowed its pace of descent in the latest assessment period ended Wednesday April 3 after suppliers resisted cutting prices and halted production instead to avoid further losses. Meanwhile, low offers were heard in Europe, where prices continued to follow a downtrend last week. Fastmarkets' price assessment for MM...Read More
One of China's top commodity traders, Tewoo Group, is selling copper at below market rates as it grapples with a liquidity crunch, according to people with knowledge of the matter. The company, which is owned by the local Tianjin government, is offloading some refined copper stocked in bonded zones as it unwinds financing deals with some banks, said the people, who asked not to be identified as th...Read More