Shares in Mexico-focused precious metals miner Fresnillo (LON:FRES) took a hit Wednesday after the company cut its silver production target for 2018 for a second time and posted lower-than-expected output in the third quarter, due mainly to weak ore grades at two of its mines.The company, which is the world's largest primary silver producer and Mexico's second largest gold miner, revised silver ou...Read More
America's debt crisis has been steadily rising over the past decade, and household debt has risen for the 16th straight quarter.Continue...Read More
"The packages were immediately identified during routine mail screening procedures as potential explosive devices and were appropriately handled as such," Continue...Read More
A BMO Capital Markets report reviewed the newly released assays from this Canadian precious metals company. In an Oct. 22, 2018, research note, analyst Andrew Kaip with BMO Capital Markets reported that Sabina Gold & Silver Corp. (SBB:TSX; RXC:FSE; SGSVF:OTCPK) released more assays from its completed 2018 summer drill program at the Nuvuyak discovery, which "continue to compare favorably with the...Read More
Major Chinese steel mills raised their crude steel output slightly in early October.China Iron & Steel Association (Cisa) members produced crude steel at an average rate of 1.9874 million tonnes per day during the first 10 days of the month, up 0.13% from 1.9848 millon tonnes per day during the last 10...Read More
"We have eliminated this gossypol from the seed without affecting its levels in other parts of the plant. With the toxin removed from the cottonseed, it canContinue...Read More
Greg Johnson, chairman and CEO of Metallic Minerals, sits down with Maurice Jackson of Proven and Probable to discuss his company's silver exploration in the Yukon.Maurice Jackson: Joining us today is Greg Johnson, the CEO and chairman of Metallic Minerals Corp. (MMG:TSX.V), which is known for high grade silver in Canada's Yukon Territory. Today's interview will be the first of a three-part series...Read More
The sell-off on Tuesday didn't weigh on the scale of sell-offs: The Dow, the S&P 500, and the Nasdaq were down only around 0.5%, give or take a little. But in the broaderContinue...Read More
"We're seeing Eastern European countries show up: Poland, we see Hungary, just buying tons of gold. I think it's really significant on that transition that's taking place. And all the Indians, all the women that have bought gold, now there's seeing it reward because the rupee has continued to fall," Holmes told Kitco News.Frank Holmes is the CEO and chief investment officer of U.S. Global Investor...Read More
The price action in palladium is eerily reminiscent of early 2001, and this could have major implications for gold and silver in the months ahead.Continue...Read More
Key data from the Wednesday October 24 pricing session in Europe.Key drivers The downward trend in the European ferro-titanium market in October has been extended in the latest assessment, with high-volume sales to Europe from Russia dragging down prices. Sources said there is supplier resistance at $5 per kg, which is proving something of a psychological level for the market. But there is en...Read More
Molybdenum prices have bounced back in Europe this week after a mixed tender for around 500 tonnes of oxide and ferro-molybdenum was mostly settled in Asia to major consumer Posco, sources said.Fastmarkets MB assessed the price of European drummed molybdic oxide, in-warehouse Rotterdam, at $12.00-12.20 per lb on Wednesday October 24, up from $11.90-12.00 per lb on Friday last week.Fastmarkets MB a...Read More
Evidence of a looming financial crisis may be growing, according to Harry Dent.The man who warned of the 2001 tech crash, the 2008 subprime financial disaster and China's recent stock market decline - years before they happened - has issued a new earth-shattering statement:"The Dow is set to embark on a catastrophic plunge...all the way down to 6,000."Harry Dent recently explained: "Nations are...Read More
A December rate hike is still on the table after the latest Beige Book reportStocks extended yesterday's sell-off, with major U.S. equity benchmarks closing deep in the red. Early enthusiasm over Boeing's (BA) post-earnings surge evaporated after disappointing housing data -- and selling intensified in the afternoon, as the Fed's Beige Book release appeared to bolster the case for a December rate...Read More
Prices for hollow steel sections in the domestic European market have remained stable this week but some market participants were preparing to adjust their prices downward after a decline in feedstock prices, Fastmarkets heard on Wednesday October 24.Fastmarkets' domestic price assessment for commodity-size, grade-S235 square hollow sections made in Northern Europe remained stable week on week at...Read More
Stifel lowered its rating on WING stockStocks have fallen into the red today despite a strong start to the session. Three names making notable moves are restaurant chain Wingstop Inc (NASDAQ:WING), social media concern Snap Inc (NYSE:SNAP), and salon supplies retailer Sally Beauty Holdings, Inc. (NYSE:SBH). Here's what moving shares of WING, SNAP, and SBH today.WING Stock Down After Bear NoteWING...Read More
I have now been a contributor at Seeking Alpha for seven years, during which time I have written for approximately six years, as I took a one-year hiatus. And, during that time, I have had the honor of penning almost 400 articles.During the six years I have been actively writing on Seeking Alpha, 30,000 of you have trusted me enough to begin following my work, as I just hit the 30,000-follower mar...Read More
CloseGain/LossGold $1232.60+$2.50Silver$14.67-$0.06XAU68.04-2.10%HUI152.65-1.75%GDM552.92-0.94%JSE Gold1210.21-17.80USD96.37+0.44Euro113.98-0.73Yen89.00-0.14Oil$66.82+$0.3910-Year3.104%-0.066T-Bond139.09375+0.90625Dow24583.42-2.41%Nasdaq7108.40-4.43%S&P2656.10-3.09% The Metals: Gold gained $3.20 to $1233.30 in Asia before it dropped back to $1225.70 by a little after 8AM...Read More
- Palladium prices surge to an all-time nominal high over $1,150/oz- Russia is one of the top producers and growing tensions with the U.S. may result in a "supply crunch"- Palladium is widely used in the automotive industry and is experiencing significant demand and a "supply crunch"- Deep supply deficits in palladium are predicted by Citigroup and other analysts (see Bloomberg table)- Gold an...Read More
Gold and silver need to rise after tomorrow's European central bank meeting and Friday's third quarter GDP numbers due to zoom. I am against new short term investment in gold unless it trades over $1245.80 on Friday after the release of US GDP numbers. Long term, gold is still an excellent investment even at the current price of $1235. Asian prices of gold are near an all-time high. Buyers in As...Read More