The battered bulls sprung from the mat this morning, dukes up and fighting mad.All three major averages rallied hard in early trading.But late morning the bears landed another clout... and the bulls were back on the canvas, taking the count.The Dow Jones ended the day down another 220 points.The S&P lost 30; the Nasdaq, 195.We now have it on excellent authority - Deutsche Bank - that 2018 is t...Read More
Key data from the pricing sessions in London and Shanghai on Friday December 21.Europe ?EUR? The European 553 silicon price was slightly firmer during the last pricing session, rising by 0.6%. Fastmarkets assessed the 553 silicon price at ?,?1,780-1850 ($2,030-2,109) per tonne. The lowest deal concluded was at ?,?1,780 per tonne. ?EUR? Meanwhile, the European 441 silicon price remained stable at ?...Read More
The two amateur prospectors spied what they had come looking for- an abandoned mine shaft possibly hiding treasure within. But it wasn't gold or silver the two sought in a rural Nevada ...Read full newsRead More
Dozens of massacres and a sprawling organized crime structure are behind a recent alliance between the governments of Venezuela and Turkey to extract, refine and market the "blood gold" that leaves the Amazon and supplies cross-border illegal economies. During a recent visit to Venezuela, President Recep Tayyip Erdogan ratified the leading role of Turkey in ...Read full newsRead More
US mining giant Freeport finally reaches terms on the state-forced divestment of the Grasberg mine, a $3.8 billion deal President Joko Widodo characterized as an 'historic moment'Read full newsRead More
"Ep. 75 - How To Approach Investing In Global Markets With Adrian Day, Chairman And CEO Of Adrian Day Asset Management https://t.co/gnz7EzLo8a"Read full newsRead More
"Check whos ready for the #Drink #Market!! CROP Corp is developing Cannadrink with Naturally Splendid! https://t.co/ZxSd8x5npD And who'd they bring on?? Former Coca-Cola branding executive Arashdeep Singh! $NSP #Marijuana #Cannabis #edibles #weed $WEED $ACB $CROP #cola"Read full newsRead More
The recent news that the threat of a full-blown trade war between the world's two largest economies, the U.S. and China, is easing has bolstered the outlook for the global economy. While concerns over an economic slowdown continue to fester, there are signs that the economic slowdown may not be as severe as anticipated by some pundits. That's good news for metals miners such as Labrador Iron Ore R...Read More
All three major US equity indexes gained at least 4% on Wednesday, with the S&P 500 and Dow Jones closing just short of a 5% surge. It's the first time that has happened since 2011, according to Bloomberg.Major mining companies were caught up in the market frenzy on Wednesday with lithium producers and potash miners enjoying some of the heaviest buying.Among fertilizer producers, Israel Chemical l...Read More
I never expected it to happen this fast...A couple of weeks ago, I released a report for my Crow's Nest readers that laid out the top five marijuana companies that were likely to be bought out by Big Pharma, Big Tobacco, and Big Beverage.I assumed that these takeovers would happen over the next year. I was wrong. They have already started happening.Two of the companies I mentioned in that report h...Read More
With more than 25 years' experience in the diamond industry - including 19 with De Beers - Stuart Brown was looking for a new opportunity. He found it as the president and CEO of Mountain Province Diamonds (TSX: MPVD; NASDAQ: MPVD)."I was quite excited by this," he said. "I think the mine has good potential, because it's just starting off. I thought I could add a lot of value with my prior rel...Read More
Getty ImagesHome prices aren't rising as fast as they were two years ago, but that's not bringing more buyers into the market. The numbers: The S&P/Case-Shiller 20-city index rose a seasonally adjusted 0.4% in October but in a clear sign of the housing market's recent struggles the increase in prices over the past 12 months slipped to the lowest level in two years. The year-over-year advance...Read More
Peninsula Energy Ltd (ASX:PEN) has signed a new uranium toll milling agreement for the Lance Projects in Wyoming, US with its existing toll milling service provider Uranium One Americas, Inc.The agreement commences on January 1, 2019 and has an initial term of 5 years with the ability for Peninsula to extend the term at its option for an additional 5-year period thereafter. Since production o...Read More
The U.S. Treasury Department raised eyebrows and jogged worrying memories of the financial crisis Sunday with a statement that Secretary Steve Mnuchin convened calls with the CEOs of six leading banks to confirm they had ample liquidity, in hopes of averting another Wall Street selloff Monday. But left unsaid: If he's that worried, shouldn't investors be as well? The unusual and unprompted attempt...Read More
Chinese battery materials producer GEM has signed a memorandum with South Korea's Ecopro to supply the latter with 170,000 tonnes of nickel-rich nickel-cobalt-aluminium (NCA) precursor materials in the next five years, according to an announcement on Sunday December 23. Nickel-cobalt-manganese and NCA are the primary materials used to produce lithium-ion batteries for electric vehicles (EVs).Ecopr...Read More
The past 12 months have served as a reality check for the battery raw materials markets.While 2017 was a year of soaring prices and investor interest, 2018 has seen supply responses, substitution debates, and at times, plummeting prices. It's not that the fundamentals aren't still strong. By 2025, Fastmarkets' forecast is for plug-in electric vehicle (EV) sales to grow at a compound annual growth...Read More
Base metals prices on the Shanghai Futures Exchange were on divergent paths during Asian morning trading on Wednesday December 26, with aluminum registering the largest gain on news of further capacity cuts in China.The most-traded February aluminium contract on the SHFE stood at 13,860 yuan ($2,011) per tonne as at 10.12am Shanghai time, up by 70 yuan per tonne from Tuesday's close.The increases...Read More
The past 12 months have served as a reality check for the battery raw materials markets.While 2017 was a year of soaring prices and investor interest, 2018 has seen supply responses, substitution debates, and at times, plummeting prices. It's not that the fundamentals aren't still strong. By 2025, Fastmarkets' forecast is for plug-in electric vehicle (EV) sales to grow at a compound annual growth...Read More
Larry LaBordePosted Dec 26, 2018I have invested in palladium from time to time in the past.I just dabbled a bit here and there but the market now just seems crazy.In case you haven’t been watching lately palladium has exceeded the price of gold!Palladium (Pd)is a by-product of nickel, copper and zinc refining usually.It is mainly used for catalytic converters.It is sometimes alloyed with gol...Read More
CloseGain/LossGold $1266.20-$2.80Silver$15.03+$0.26XAU69.98-0.81%HUI159.81-1.23%GDM580.69-0.94%JSE Gold1359.59+42.78USD97.04+0.55Euro113.52-0.69Yen89.97-0.71Oil$46.22+$4.6910-Year2.770%+0.036T-Bond144.53125-0.90625Dow22878.45+4.98%Nasdaq6554.36+5.84%S&P2467.70+4.96% The Metals: Gold gained $10 to a new 6-month high at $1279.00 by late morning in New York before it sold off in afternoon tra...Read More