The recent minutes show that the Fed is divided over future rate hikes. How should gold investors react? To Hike, or not to Hike, That Is The Question As Chairman Powell has been good at communicatingthe US central bank’s plans, the recent FOMC minutes do not contain too many surprises. In January, the Fed took investors by surprise, saying that it could be patient on interest rates. The min...Read More

Wednesday's trading session was virtually flat, as investors hesitated following the recent run-up. Will the broad stock market continue higher despite some clear short-term technical overbought conditions?The U.S. stock market indexes were mixed between 0.0% and +0.2% on Wednesday, as investors sentiment remained bullish despite some clear short-term technical overbought conditions. The S&P 5...Read More

Published 23 Hours AgoUpdated6 Hours AgoReuters Getty ImagesGold bullion bars and coins.Gold slipped off a 10-month peak on Thursday, pressured by signals the U.S. Federal Reserve will not adopt as dovish a stance on monetary policy as previously thought and as investors booked profits, while palladium retreated from a record high.Spot gold fell 1.08 percent to $1,324 per ounce at 1:56 p.m. ET,...Read More

Gold price hits 10-month high as global growth concerns abound.Dovish stance among world's leading central banks has boosted gold.Expect a move to the $1,400 soon before the next short-term top.Gold started the latest week with a bang and gave the bulls something to cheer. Gold's latest move higher confirms what we've discussed in recent reports, namely that even a strong dollar won't undermin...Read More

Canadian miner Hudbay Minerals (TSE: HBM) has plans to double the annual gold output from the Lalor gold-copper-zinc mine 13 km west of Snow Lake, Manitoba. As part of the plan the New Britannia mill will be refurbished at a cost of $95 million raising Lalor gold output to 140,000 oz. per year.The Lalor mine will then be joining the ranks of primary gold producers as one of the lowest sustaining...Read More

Gold is currently trading at $1,340, having clocked a high of $1,346.85 yesterday.  On the daily chart, the safe haven yellow metal carved out a doji candle yesterday, signaling indecision/bullish exhaustion. Further, on the 4-hour chart, the RSI has diverged in favor of the bears.  Therefore, the yellow metal could fall back to the ascending 5-day moving average (MA) support, currently...Read More

The US Mint just announced it has temporarily sold out of the 2019 American Silver Eagle Coin effective immediately... February 21, 2019.As a result of the announcement today, silver coin price premiums on Silver Eagle Coins are inching higher above the fluctuating silver spot price given that the US Mint was ambiguous about when new Silver Eagle Coin supplies will return to market.The following...Read More

The Turkish scrap import market was quiet on Thursday February 21 because of the sluggish markets for finished and semi-finished long steel and the subsequent downturn in prices.This week's only transaction so far was a UK cargo sold at $316 per tonne cfr for HMS 1&2 (80:20) on Wednesday. After this, the market prices went down by around $8-9 per tonne.The mills were showing almost no buying inter...Read More

Could Silver be creating a topping pattern at current prices? Possible, still too soon to tell though!The first chart looks at Silver Futures on a daily over the past 18-months. The rally since Mid-November reflects that Silver is testing highs of a few weeks ago at (1).Below looks at Silver on a monthly basis over the past 40-years-This long-term chart highlights that Silver peaked in 2011 at th...Read More

As expected, curbs placed on B.C.'s housing market have resulted in lower new housing starts and a loss of about $325 million from property transfer taxes.Last year's budget installed tax curbs to slow down B.C.'s runaway housing market, including increases to the property transfer and school taxes on homes valued over $3 million, and a new real estate speculation tax.But the government isn't coun...Read More

In a belated response to falling fresh-water levels in desert areas, Chile is moving to protect a natural resource that has been depleted after decades of mining activity.With complaints from local communities rising and the effects of climate change worsening, the world's largest copper producer is planning to implement measures that will make it more difficult for miners to pump fresh water.Chil...Read More

Finnish multi-metal producer Terrafame plans to increase focus on nickel production this year, emboldened by a 31% year-on-year increase in the metal's output in only its third full year of production in 2018. Production of nickel, Terrafame's main product, increased to 27,377 tonnes in 2018 from 20,864 tonnes the year before, the company said on Thursday February 21. The company also achieved a q...Read More

Is copper finally about to break up out of its well-trodden seven-month range?London Metal Exchange (LME) three-month copper came tantalisingly close on Wednesday with a mini-surge to $6,426.50, challenging the upper band of the $5,725 to $6,440 range that has defined the market since July 2018.The market was regrouping Thursday around the $6,380 level.Glencore set the ball rolling with an announc...Read More

* Share price eases after gains over last year* Supports independent body to oversee tailings dams* Still sees Brazil as favourable place to mine* Open to considering buybacks 'at right time' (Updates with share price, CEO comment, analysts)Anglo American reported on Thursday better than expected core earnings, driven by higher copper and coal prices, but said no financial performance was "worth a...Read More

Copper price moves on the United States' Comex trading system reversed in morning trading on Thursday February 21 after recent trade talks between the US and China gave no boost to metal prices.The copper price for March settlement on the Comex division of the New York Mercantile Exchange dipped on Thursday by 2.30 cents per lb to $2.8970 per lb.Senior officials from the US and China are engaged i...Read More

Canadian miners continued going down the slippery slope in the last three months of 2018 due mostly to weak commodity prices, triggered by a slowdown in China's economy near the end of the year, the latest report by Ernst & Young (EY) reveals.As a result, EY's Canadian Mining Eye index - which tracks the performance of 100 Toronto Stock Exchange and TSX Venture Exchange mid-tier and junior mi...Read More

Key data from the Wednesday February 20 pricing session in Asia.Key driversSeasonal weakness pressured the ADC12 export price while buyers were reluctant to take in more inventory on a downtrend. The approach of Japan's fiscal year-end kept consumers from purchasing, therefore...Read More

Base metals prices on the London Metal Exchange were mostly lower during morning trading on Thursday February 21, with positive steps in US-China trade talks doing little to support slumping prices although both copper and nickel futures held ground. Copper's three-month price consolidated lower over the morning but remains well supported above $6,300 per tonne by LME inventory which is at a decad...Read More

Barsele Minerals (TSXV: BME; US-OTC: BRSLF) has tabled an updated resource estimate for its Barsele gold project in northern Sweden totaling 5.5 million indicated tonnes grading 1.81 grams gold per tonne for 324,000 oz. gold and 25.4 million inferred tonnes at 2.54 grams gold for 2.08 million oz. gold.The resource is split between pit constrained, bulk underground and selective underground mining...Read More

Arbitrage for copper, aluminium, zinc and nickel imported into China on Thursday February 21*Copper -$172.14 (-1,156.99 yuan)Aluminium -$322.39 (-2,166.89 yuan) Zinc -$117.03 (-786.58 yuan) Nickel -$282.94 (-1,901.74 yuan) *Fastmarkets calculates the physical arbitrage for import into China daily by using SHFE front-month and LME three-month prices...Read More