Investigating the Goodfish-Kirana Project near Kirkland Lake, Ontario. Source: Warrior Gold Inc.Warrior Gold Inc. [WAR-TSXV] shares were active Thursday December 27 after the company received positive results from the 3D induced polarisation survey on the recently acquired Deloye Patents located on the Goodfish-Kirana Project near Kirkland Lake, Ontario.The shares advanced on the news, rising 16.6...Read More
Drill core from REN drill programMGX Minerals Inc. [XMG-CSE, MGXMF-OTCQB, 1MG-FSE] on Thursday December 27 released an update for its REN niobium-tantalum-titanium-REE (rare earth element) mineral property which is located in the northern Monashee Mountains of southeastern British Columbia.The company said a 14-hole, 1,249-metre drill program was completed at REN covering an area of approximately...Read More
Import prices for steel billet in Southeast Asia remained flat on Thursday December 27 due to sparse offers, bids and transactions amid the year-end holiday season.Fastmarkets' daily import price assessment for billet in Southeast Asia was $460-462 per tonne cfr Manila on December 27, unchanged for the sixth consecutive day.One cargo from the Russian Far East was sold to the Philippines at $462 pe...Read More
Comex copper prices softened during morning trading in the United States amid persistent worries over an upcoming recession or an escalation in the ongoing trade war between America and China.The copper price for March settlement on the Comex division of the New York Mercantile Exchange dipped 3.15 to $2.6685 per lb."Metals markets are more fixated on recession jitters and continued...Read More
Panic.It's the worst thing about my job.The market cools off, valuations deflate, and my inbox gets overwhelmed with folks who are in full panic mode, wanting to know, "What do I do?"I don't mean to sound brash, but if you freak out every time stocks sell off, you should just stop investing right now. Otherwise, you're going to make yourself crazy, and you'll likely end up acting on emotion instea...Read More
On Thursday, December 31, 2015, at around 4:30 p.m. Central time, a floating city named the Theo T departed the Port of Corpus Christi in southeast Texas.The Theo T's destination was kept a secret by its owners, but we do know the contents it was holding below its deck were worth an estimated $24 million.Later, marine shipping records revealed the Theo T was on a three-week journey eastward across...Read More
Share this articleTORONTO - Canada's main stock index closed up sharply following a two-day holiday, while U.S. markets rebounded from a steep drop in early trading to end higher after strong gains a day earlier.The S&P/TSX composite index closed up 385.02 points, or 2.79 per cent, at 14,165.21 following the Christmas and Boxing Day holidays.In New York, the Dow Jones industrial average closed...Read More
It’s no secret to long-term readers of this blog that I got to where I am today because I was lucky beyond belief to have been fortunate enough to have been able to gobble up World Class Tier 1 real estate assets when they were discarded to the bargain bin back in 2012-2013, and to a lesser extent from 2014-2015.Anyway, the thing about me (as you may or may not know) is that I try and be as...Read More
Most flat steel import prices in Saudi Arabia and the United Arab Emirates (UAE) decreased over the past week due to lower offers, sources said on Thursday December 27.Demand was subdued because stock levels in the UAE are already high and the market wants to see how the steel market will be in 2019, sources told Fastmarkets MB. UAE Chinese offers for hot-rolled coil (HRC) into the UAE were around...Read More
Some participants have started to bet China's export hot-rolled coil prices will drop following declines in the domestic market amid sparse trading on Thursday December 27.DomesticEastern China (Shanghai): 3,700-3,730 yuan ($537-541) per tonne, down 20 yuan per tonneNorthern China (Tianjin): 3,640-3,660 yuan per tonne, widening downward 10 yuan per tonneAlthough prices in Shanghai&n...Read More
China's ferrous futures retreated during morning trading on Thursday December 27, that despite opening about 1-2% above Wednesday's settlement levels.Futures closing prices - morning session Shanghai Futures Exchange May rebar: 3,410 yuan ($495) per tonne, down 54 yuan per tonne May hot rolled coil: 3,322 yuan per tonne, down 77 yuan per tonneDalian Commodity Exchange May iron ore: 488 yuan per to...Read More
The domestic rebar price in Turkey have continued to weaken in line with poor demand, sources said on Thursday December 27.Fastmarkets' weekly price assessment for domestic rebar in Turkey was TRY2,750-2,900 ($520-548) per tonne ex-works, down from TRY2,820-2,850 per tonne, including 18% VAT, last week.Local rebar prices in the Izmir and...Read More
The Turkish rebar and wire rod export markets remained weak over the past week due to the year-end holidays and limited demand, with no recovery expected in the coming weeks, sources said on Thursday December 27.Turkish steel mills continued to offer rebar for export at $450-460 per tonne fob on an actual weight basis, yet there were no takers for those offers.Fastmarkets' weekly price assessment...Read More
The latest bids, offers and deals in the global markets for rebar, wire rod, steel beams and other long steel products. Latest transactions: rebarRebar Oman, export, rebar, traded at $500-502 per tonne cfr on...Read More
The Turkish deep-sea scrap import market remained mostly quiet on Thursday December 27 due to the holiday period being observed in most regions.Although there were offers available between $290 per tonne and $300 per tonne cfr for HMS 1&2 (80:20) from various sources, the mills in Turkey were still looking for prices below $280 per tonne...Read More
Physical iron ore prices posted limited movement on Thursday December 27 with market participants continuing to take caution when trading in the last few days of the year.MB 62% Fe Iron Ore Index: $71.48 per tonne cfr Qingdao, up $0.09 per tonne. MB 62% Fe Pilbara Blend Fines Index: $71.31 per tonne cfr Qingdao, up $0.09 per tonne. MB 62% Fe Iron Ore Index-Low Alumina: $73.56 per tonne cfr Qingdao...Read More
CloseGain/LossGold $1274.90+$8.70Silver$15.23+$0.20XAU70.78+1.15%HUI161.27+0.91%GDM587.25+1.17%JSE Gold1367.40+7.81USD96.53-0.51Euro114.38+0.86Yen90.15+0.11Oil$44.61-$1.6110-Year2.777%+0.007T-Bond144.75UNCHDow23138.82+1.14%Nasdaq6579.49+0.38%S&P2488.83+0.86% The Metals: Gold gained $12.70 to $1278.90 in early afternoon New York trade before it edged back lower into the cl...Read More
By: Chris Marcus, Arcadia Economics After raising interest rates over the past 2 years, the Federal Reserve last week signaled that it may be about to change course. Which came as no surprise to Peter Spina of GoldSeek.com, who explains why it happened. As well as what the Fed is likely to do next:Peter talked about why higher interest rates are creating issues in the stock, bond, and real es...Read More
By David HaggithSo, the bull market bounced back, right? Not so fast. When one appreciated reader suggested there would be a huge plunge the day after Christmas, given how badly the market plummeted the day before Christmas, I cautioned against that tempting thought. Herein are some warnings about bull traps in a bear market and how they work and how much they look exactly like what we just saw....Read More
Powell noticed some crosscurrents in the path of the US economy. Will it stay on the surface? And is gold a good swimmer? Crosscurrents Cause Fewer Hikes We hope that you enjoyed Christmas. As we promised last week, we will analyze the post-meeting Powell's press conference today. The Fed Chair remained optimistic about the US economy, which "has continued to perform well." However, "some cros...Read More