The major silver miners' stocks have been largely abandoned this year, spiraling to brutal multi-year lows. Such miserable technicals have exacerbated the extreme bearishness plaguing this tiny contrarian sector. While profitable silver mining is challenging at today's exceedingly-low silver prices, these miners are chugging along. Their recently-reported Q3'18 results show their earnings ar...Read More
This week, an in-depth article featuring prominent mining executive and Chairman of the Augusta Group of Companies, Richard Warke. Featuring commentary from Barrick Gold Corp.'s Kevin Thomson and Ross Beaty, the article details Richard Warke's rise in the resource industry, from his sale of Arizona Mining Inc. this summer to his breakout sale of Ventana Gold in 2011 to Eike Batista.Read the full...Read More
Bloomberg News/LandovContractors work on a KB Home project. Builders have started 6.4% more homes so far this year than in the same period last year. The numbers: The National Association of Home Builders' monthly confidence index plunged eight points to 60 in November. What happened: The many headwinds that have been dogging the industry finally showed up in this report. Labor is still expens...Read More
Stocks fell across the board Friday in an abbreviated post-Thanksgiving trading session, with the Dow Jones Industrial Average falling for the fourth consecutive session. The Nasdaq is pushing further into correction territory as markets add to their year-to-date losses. The major indices started trading in the red for the year this week after spending most of 2018 in positive territory.&n...Read More
Base metals prices on the London Metal Exchange were predominantly lower at the close of trading on Friday November 23, with zinc's three-month price worst hit over the afternoon amid a sharp sell-off across the base metals complex. Despite thin spot activity due to national holidays in the United States, volumes traded on the exchange were moderate after European markets opened in quiet fashion,...Read More
Alumina traders in China have responded with skepticism to Qianhai Mercantile Exchange's (QME) plans to internationalize its yuan-denominated prices and list them on foreign exchanges such as Hong Kong Exchanges & Clearing Market (HKEX), Fastmarkets has learned. QME made its debut in October this year when it launched a spot domestic alumina price. But liquidity has been slow to build up and few a...Read More
An overview of the battery raw materials markets and their price moves from the past week. Read More
"I don't know how this whole thing is going unwind - I just think it's not going to be pleasant for any of us, even if you own gold and silver. I think owning gold and silver gives you a chance to survive financially and see what it's going to look like on the other side of what is coming..."My good friend and colleague, Chris Marcus, invited me on to his Stockpulse podcast to discuss the finan...Read More
Key data for the pricing session for the week ending November 23. China Domestic ferro-chrome spot prices softened slightly this week amid thin buying interest.The UG2 chrome ore index was unmoved, with buyers taking a wait-and-watch stance prior to the release of December's ferro-chrome tender prices...Read More
(Updates with closing prices)By Peter Hobson and Mai NguyenLONDON, Nov 23 (Reuters) - Nickel prices on Friday touchedtheir lowest since October last year, pulled down by worriesabout a supply surplus in 2019 and weaker demand from China, thelargest consumer of the metal.Most other base metal prices also fell sharply on concernsthat U.S.-China trade talks next week could fail, leading toweaker econ...Read More
Before we list our opinions on the gold market, we want to emphasize that many "cycles" are forecasting a huge move up in gold bullion should commence soon. Also do not forget that there no longer are "market makers" who in the past would bring support to the market....so gold stocks now drop to prices even lower than they did in the past. However, that does offer private investors opportuniti...Read More
An overview of the battery raw materials markets and their price moves from the past week. Read More
Key data for the pricing session for the week ending November 23. China Domestic ferro-chrome spot prices softened slightly this week amid thin buying interest.The UG2 chrome ore index was unmoved, with buyers taking a wait-and-watch stance prior to the release of December's ferro-chrome tender prices...Read More
Bob Moriarty ArchivesNov 23, 2018Over the past eighteen years and many hundreds of site visits I have met a lot of geos. It might by 800, might be 1200 but I have met a bunch of them. Few of my readers realize it but for a dozen years I delivered small aircraft built in the US to destinations all over the world. I did about 240 over ocean trips averaging 15-18 hours each flight.Pilots are interest...Read More
Alumina traders in China have responded with skepticism to Qianhai Mercantile Exchange's (QME) plans to internationalize its yuan-denominated prices and list them on foreign exchanges such as Hong Kong Exchanges & Clearing Market (HKEX), Fastmarkets has learned. QME made its debut in October this year when it launched a spot domestic alumina price. But liquidity has been slow to build up and few a...Read More
An overview of the battery raw materials markets and their price moves from the past week. Read More
Adam HamiltonArchivesNov 23, 2018 The major silver miners' stocks have been largely abandoned this year, spiraling to brutal multi-year lows. Such miserable technicals have exacerbated the extreme bearishness plaguing this tiny contrarian sector. While profitable silver mining is challenging at today's exceedingly-low silver prices, these miners are chugging along. Their recently-reported Q3'18 re...Read More
Key Gold and Precious Metals News, Commentary and Charts This WeekGold and silver traded sideways this week as we saw stock markets take some heat and undo most of the recent recovery from the October sell off. Oil has sold off and is now at levels that we haven't seen since 2017.Credit: Weekly relative performance (Finviz.com)While the US markets are quiet due to Thanksgiving all eyes are focus...Read More
An overview of the minor metals markets and the reasons for any price moves.Read More
(Updates prices) * Palladium on track for worst week since mid-July * Silver set for biggest daily decline in about two weeksBy Karthika Suresh NamboothiriNov 23 (Reuters) - Gold fell on Friday as the dollarregained momentum and an improvement in risk sentiment liftedstock markets in Europe.Spot gold fell 0.4 percent to $1,221.71 per ounce at1317 GMT, while U.S. gold futures for December deliveryw...Read More