Following the 2016 "Tumeremo Massacre" where 17 miners were killed and another violent episode last August that left 13 people dead, a new massive killing took place this week in Venezuela's so-called Mining Arc.According to information made public by opposition MP Am?(C)rico De Grazia, 16 people died and six were injured after two criminal bands clashed in their quest for controlling the Los Cand...Read More
Scotland is one step closer to having its first commercial gold and silver mine as Scotgold Resources (LON: SGZ) said Thursday it had submitted the last application to secure planning permits for its Cononish project, near Tyndrum.The company, which has decided to liquidate its French subsidiary, said that it had worked with the Trossachs National Park Planning Authority (NPA) to secure all the ne...Read More
Seaborne iron ore prices were rangebound on Thursday October 18, with the market showing signs of cooling off from Wednesday's bullishness.MB 62% Fe Iron Ore Index: $73.58 per tonne cfr Qingdao, up by $0.22 per tonne.MB 62% Fe Pilbara Blend Fines Index: $72.61 per tonne cfr Qingdao, up by $0.22 per tonne.MB 62% Fe Iron Ore Index-Low Alumina: $78.60 per tonne cfr Qingdao, down by $0.15 per tonne.MB...Read More
Gregory Mannarino started his financial career working for the securities and trading arm of the now defunct Bear Stearns before the dot-com bubble. He is an active trader of the capital markets and has published several books pertaining to finance, global economics, and equity trading; His most recent book is titled Ultimate Guide To Money and The Markets (free ebook). Gregory currently hosts a b...Read More
Researchers at the University of California - Berkeley have discovered that a bacterium named Moorella thermoacetica produces solar fuels through artificial photosynthesis in a very efficient way when fed with gold.In a paper published in Nature Nanotechnology, the scientists explain that by placing light-absorbing gold nanoclusters inside the CO2-hungry bacterium, they have created a biohybrid sy...Read More
An investor in Hudbay Minerals Inc. wants to meet with the Toronto miner to discuss replacing members of its board, as well as to seek assurances it won't pursue acquisitions or joint venture without consulting shareholders, according to a person familiar with the matter.Waterton Global Resource Management has expressed its concerns to Hudbay Chairman Alan Hibben, telling him that it would reserve...Read More
Marin Katusa has worked directly with and financed many companies of well-known individuals in the resource industry and has become one of the most trusted and well connected dealmakers in the junior resource sector. During this time, he has become one of the most successful portfolio managers in the resource sector, such as his 2009 Fund Partnership (KC50 Fund, LLC) which has outperformed the com...Read More
Turkish steel billet prices have fallen over the past week because of poor demand both domestically and abroad as well as a strengthening of the lira against the dollar.The lira started to gain in value by the end of last week after the release of US pastor Andrew Brunson in Turkey, who hads been detained by local authorities because of alleged links to outlawed political groups. He was freed by a...Read More
Stephen S. Roach, former Chairman of Morgan Stanley Asia and the firm's chief economist, is a senior fellow at Yale University's Jackson Institute of Global Affairs and a senior lecturer at Yale's School of Management. He the author, most recently, of Unbalanced: The Codependency of America and China and Stephen Roach on the Next Asia: Opportunities and Challenges for a New Globalization.Read More
MOSCOW, Oct 18 (Reuters) - The Russian rouble weakened onThursday, under pressure from a stronger dollar and lower oilprices.The dollar gained against its major peers after minutes ofthe Federal Reserve's September meeting signalled that interestrates will rise further this year.At 0730 GMT, the rouble was 0.35 percent weaker against thedollar at 65.73 and had lost 0.38 percent totrade at 75.58 ve...Read More
Link to Slides and Sources: https://www.itmtrading.com/blog/no-li...Under SEC rules, companies can't buy back any of their shares during earning season. This blackout period ends two days after the company's results are released. This is most likely a key cause of the recent stock market declines. But this should really be taken as a warning gift.These pattern shifts seem eerily similar to what I...Read More
JOHANNESBURG, Oct 18 (Reuters) - South Africa's randretreated early on Thursday after minutes from the U.S. FederalReserve's September meeting struck a hawkish tone, draining someof the enthusiasm for emerging currencies that lifted the localunit to a two-week peak.* At 0640 GMT the rand was 0.26 percent weaker at 14.2900per dollar, having risen to 14.1050, its best since Oct. 1, asthe New York se...Read More
Is the Greatest Bull Market Ever finally ending? One straightforward approach to is to follow the money, i.e. global capital flows: assets that attract positive global capitalContinue...Read More
Since you cannot share with us any of your favorite gold stocks, can you tell us what you look for in a gold stock(s)?"There are many things that I look for in a company and for the most part that information is available. I read companies' news releases and updates and many independent research services The problem is at times interpreting and coming to a conclusion. And it is difficult t...Read More
Two major homebuilder ETFs are on pace to post their worst years since 2008 - and some traders see further downside.Continue...Read More
Imported steel billet prices in Egypt decreased in the week ended Thursday October 18, with demand in the country remaining weak.Fastmarkets' weekly price assessment for steel billet imported into Egypt was $480-485 per tonne cfr on Thursday, falling from...Read More
"While we are disappointed by today's verdict, we will be making a number of post-trial motions and will continue to seek justice for Gavin Black,"Continue...Read More
A trifecta of factors will keep the yellow metal's price elevated higher for the remainder of the year, according to Continue...Read More
A CIBC report reviewed the Q3/18 numbers for this gold and silver producer. In an Oct. 12, research note, analyst Cosmos Chiu described SSR Mining Inc.'s (SSRM:NASDAQ) Q3/18 results as "strong," due to "solid" operating performance at Marigold and Seabee and initial production at Chinchillas. "Overall, the company delivered another solid quarter of operational results and remains one of our Top...Read More
China's domestic rebar prices held steady on Thursday October 18 despite a big drop in the futures market.Domestic Eastern China (Shanghai): 4,550-4,590 yuan ($657-663) per tonne, unchangedNorthern China (Beijing): 4,340-4,380 yuan per tonne, unchangedRebar futures took a big tumble during the day, which dampened buying interest in the spot market.A week-on-week drop in inventory levels kept price...Read More