Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:admin@guswinger.comApril 23, 2019 The weak physical demand season continues to cause gold to drift with a clear but modest downside bias. Despite the swoon, most top bank analysts are extremely positive in their outlook for gold in the second half of the year. Please click here now. Standard Chartered anal...Read More
The ferro-silicon markets in China and the United States were stable in the week ended Friday April 19, with both seeing limited trading activity over the period.China Tightness developing after several producers in Northern China halted their operations a few weeks ago. With the expectation of tight supply, some domestic producers in China lifted their offers while buyers took a watchful stance d...Read More
Negative pressure arising from delays in the electric vehicle (EV) and energy storage markets have reduced the demand for Umicore's cobalt cathodes materials, Umicore chief executive officer Marc Grynberg said during a conference call on Tuesday April 23.The previous projections of 100,000 metric tonnes of cathode materials sales in 2019 and 175,000 metric tonnes of capacity by the end of 2021 are...Read More
Montr?(C)al, QC - Siyata Mobile Inc. (TSX-V:SIM | OTCQX: SYATF) (the "Company" or "Siyata"), announce that Pelephone, a leading Israeli cellular carrier and provider of "Push-to-Talk" (PTT) communications, has launched the UV350 in-vehicle smartphone and UR7 ruggedized clamshell smartphone.Pelephone continues to establish its leadership in PTT as the premier mobile network provider in Isra...Read More
The London Metal Exchange has abandoned a planned accelerated timeline for its cobalt contract to meet new responsible sourcing principles, chief executive officer Matthew Chamberlain said on Tuesday April 23. This comes as the LME launched a formal market-wide consultation on proposed rules for the application of responsible sourcing principles to all LME-listed brands. These rules build on the s...Read More
By: Ira EpsteinJune gold contract swing line 1$273 / $1299.1Read More
By: Jordan Roy-Byrne CMT, MFTAThe downside potential in precious metals discussed last week is playing out as Gold and gold stocks have broken down technically. The global economy appears to be firming and that is evidenced by a sustained rebound in global equity markets. As a result, the potential for a rate cut which pushed precious metals higher is now unwinding. That has caused the breakdo...Read More
I have been writing for quite some time that higher crude oil prices will be a big threat to global economic growth. Iran, Venezuela and Libya crude oil is not there. May to September is the key consumption months for the year. Global economic growth will be derailed if crude oil prices continue to rise. Inflation in Asia will also rise if crude oil prices zoom. Higher crude oil prices is genera...Read More
Scrap metal importers in China can apply for import quotas starting in mid-May after the government rejected plenty of applications earlier this year, the industry lobby group China Nonferrous Metals Industry Association's (CMRA) Recycling Metal Branch said.The statement, filed on Friday April 19, details that eligible scrap importers could prepare the documents for quota application before new re...Read More
Largo's Maracas Menchen Mine in in Bahia State, Brazil. Source: Largo Resources Ltd.Largo Resources Ltd. [LTO-TSX; LGORF-OTCQX] said results for the first quarter of 2019 will be significantly impacted by the decline in the price of vanadium pentoxide [V2O5] since the start of this year. The company said results will also be affected by the measurement of trade receivables under an off-take agre...Read More
The Aurora Gold Mine in northwest Guyana. Source: Guyana Goldfields Inc.A proxy fight between Guyana Goldfields Inc. [GUY-TSX; GUYFF-OTC] and a group of dissident shareholders that includes the company's former CEO Patrick Sheridan is heating up again.On Tuesday, the company issued a news release to address what it described as false and misleading allegations and a threatened derivative action by...Read More
* GRAPHIC-2019 asset returns: (Updates with closing prices)By Eric OnstadLONDON, April 23 (Reuters) - Nickel prices hit a two-monthlow on Tuesday on signs of rising supply while the wider marketalso fell on a stronger dollar and uncertainty about the Chineseeconomy.Data showed the deficit in the global nickel market for thefirst two months of the year narrowed sharply to 5,700 tonnes,down from 24,...Read More
CYP Dean Bedded ash unit overlying salty green mudstones-centralCypress Development Corp. [TSX-V: CYP, OTCQB: CYDVF, Frankfurt: C1Z1]("Cypress" or the "Company") is pleased to report assay results from its recently completed infill drilling program at the Company's Clayton Valley Lithium Project in Nevada. The program which commenced in March is a critical step in the Prefeasibility Study (PFS...Read More
[Editor’s note: This story was originally published in March 2019. It has since been updated and republished.]The stock market’s volatility at the start of 2019 didn’t make me any less bullish on the five cheap stocks profiled in this article, and that mentality has paid off — the Dow Jones is up 13.6% year-to-date. And my penny stock picks? While some are down from their f...Read More
In 1979, Nobel Prize-winning economist Milton Friedman made a then-controversial statement. He said in an interview that regulators should allow Sears (OTCMKTS:SHLDQ) to buy Kmart. In the late 1970s, Sears had accounted for about 1% of GDP and faced a rising competitive threat from Kmart. At the time, regulators would have likely not allowed Sears stock to take such a dominant position.Source: Shu...Read More
Negative pressure arising from delays in the electric vehicle (EV) and energy storage markets have reduced the demand for Umicore's cobalt cathodes materials, Umicore chief executive officer Marc Grynberg said during a conference call on Tuesday April 23.The previous projections of 100,000 metric tonnes of cathode materials sales in 2019 and 175,000 metric tonnes of capacity by the end of 2021 are...Read More
The London Metal Exchange has abandoned a planned accelerated timeline for its cobalt contract to meet new responsible sourcing principles, chief executive officer Matthew Chamberlain said on Tuesday April 23. This comes as the LME launched a formal market-wide consultation on proposed rules for the application of responsible sourcing principles to all LME-listed brands. These rules build on the s...Read More
When I first started trading stocks and options back in the turbo-boom dot-com days, there was this guy at the Chicago Board Options Exchange named Ronnie the Rocket. He was a nervous little guy with big ears and an endless stream of fast talk and big ideas.We called him the Rocket because he would bet everything on one idea - the exact opposite of diversification. If AOL hit the customer growth n...Read More
The market for hot-rolled steel sheet may soften in Russia's Central Federal District around Moscow when flat steel producer ArcelorMittal Temirtau resumes shipments, sources told Fastmarkets on Tuesday April 23.Kazakhstan producer ArcelorMittal Temirtau is the largest supplier of imported flat steel products to Russia. It ceased shipments after an explosion in a gas line in November last year.Fas...Read More
The Tuesday Market Minute Global stocks trade mixed, with modest gains in Asia and a dip for European benchmarks, as investors return to the first full trading day following last week's Easter break.Oil extends gains, taking crude to fresh 2019 highs, after the U.S. removed waivers on the purchase of Iranian exports.U.S. earnings continue to dominate trading this week, with around 140 companies...Read More