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
Since last spring we’ve written over and over again about a Fed rate cut being the catalyst for a bull move in gold stocks. The history is almost bulletproof. Many lows in gold stocks over the past 60 years coincided with the end of rate hikes.At present the Federal Reserve is in pause mode and the market is on the cusp of pricing in a rate cut. Friday, Fed funds futures showed a 56% chance...Read More
When silver, gold, and the precious metals industry were red-hot bullish in the 2000's, investors could do no wrong.You could buy SILVER at just about any price and it would go higher.In today's chart, you can see three large green bullish ascending triangles from the 2000's that lead to big gains. But that was the bull market before the current bear market.The tables have turned since the 2011 pr...Read More
Peruvian copper mine Las Bambas restarted concentrates transportation to the Matarani port on April 13 after operations normalized following the end of a two-month roadblock, major shareholder MMG said on Monday April 15. Since the blockade ended, Las Bambas began restoring critical supplies and increasing staff numbers to resume normal operations, MMG added The mine entered an agreement with the...Read More
Boeing and the Federal Aviation Administration worked closelytogether to hustle a new passenger jet through the safety certificationprocess. The combined efforts to save time and cost, coupled with little senseof accountability, resulted in a tragic safety flaw. Now hundreds of passengers are dead, albeit in other countries.The public is finding the enormous trust placed in the manufacturer and th...Read More
Our researchers have been glued to Gold, Silver and the Precious Metals sector for many months. We believe the current setup in Gold is a once-in-a-lifetime opportunity for skilled traders to stake positions below $1300 before a potentially incredible upside price move. We’ve been alerting our members and follower to this opportunity since well before the October/December 2018 downside...Read More
Zinc mining output in Kazakhstan is expected to augment the world's production figures ex-China in 2019 and beyond, a representative from the International Lead & Zinc Study Group (ILZSG) said on Monday April 15. The Obruchevskoe, Shalkiya and Zhairem mining facilities in Kazakhstan will have total capacity to produce 355,000 tonnes per year of zinc-contained when they open between 2019 and 2021,...Read More
Here are five Fastmarkets MB stories you might have missed on Monday April 15 that are worth another look.Rusal intends to start an aluminium rolling mill in Kentucky, a key region for US aluminium production, with US holding company Braidy Industries Inc, the Russian aluminium producer said. Rio Tinto has committed $302 million of additional capital to advance its Resolution Copper...Read More
Junior miner New Century Resources plans to bolster its large-scale tailings operation in Australia, which reprocesses zinc and lead, through the use of advanced technology and logistics, the company told delegates at Fastmarkets' International Lead & Zinc conference on Monday April 15.The Century mine, located in the state of Queensland about 250km northwest of Mount Isa, is an open-pit mine whic...Read More
The price of copper dipped on Monday despite trade data showing Chinese imports of refined copper rebounding in March while ore and concentrate shipments continue to strengthen.Copper for delivery in May traded as low as $2.916 per pound ($6,430 a tonne) on the Comex market in New York, down from just shy of the $3.00 mark reached a fortnight ago.China consumes half the world's copper, and trade d...Read More
Shares of Taseko Mines Ltd. (TSX:TKO) jumped over 8% and hit a five-week high on Monday afternoon, bringing the company's market capitalization to nearly C$220 million. The company has just announced that its Florence copper production test facility in Arizona is now fully operational, from the wellfield to the SX/EW (solvent extraction and electrowinning) plant. Located between Phoenix and Tucson...Read More
A strategic investment by BHP Billiton Canada in Midland Exploration (TSXV: MD) will support the junior company's work on copper exploration in northern Quebec including at its Mythril copper-gold-molybdenum-silver project in James Bay Eeyou Istchee.BHP is acquiring 3.44 million units of Midland at $1.70 per unit for $5.9 million. Each unit consists of one common share and one common share purchas...Read More
If you were looking for evidence that China's economy has lost momentum, you may be tempted to think that you've found it in the unimpressive growth, or lack thereof, in imports of major commodities in the first quarter.Customs data for the first quarter show only crude oil has recorded significant growth in import volumes in the first quarter, with copper data mixed and iron ore and coal dropping...Read More
Canada's Lundin Mining (TSX:LUN) has agreed to acquire a copper-gold operation in Brazil from fellow miner Yamana Gold (NYSE: AUY), (TSE: YRI) in a $1 billion-deal as it looks to beef up its base metals portfolio.The Chapada mine, in the northwest Brazilian state of Goi??s, began production in 2007 and is expected to churn out about 54,500 tonnes of copper and 100,000 ounces of gold this year.The...Read More
Rio Tinto (ASX, LON:RIO), the world's second largest miner, will invest a further $302 million to advance its Resolution copper project, in the U.S. state of Arizona, as part of its drive to increase its exposure to the red metal, used in everything from electric vehicles to batteries.The extra financing brings the total injected by Rio, which owns a 55% interest in the project, and its Resolution...Read More
The US copper market started the week lower on Monday April 15 despite a softer dollar and optimism that the red metal will remain in deficit throughout 2019. The copper price for May settlement on the Comex division of the New York Mercantile Exchange dipped by 2.70 cents to $2.9190 per lb. The contract has been unable to set a solid price direction over the past few weeks with prices rising and...Read More