Jun 12, 2019 Guest(s): Cal Everett President, CEO & Director, Liberty Gold The gold mining space is facing a major cash crunch, and besides waiting for the price of gold to alleviate pain, the key to survival may be to look at the senior producers who are managing costs efficiently, this according to Cal Everett, CEO of Liberty Gold. "The sale side of the industry is still fractured. So if you w...Read More
Jun 12, 2019 Guest(s): E.B. Tucker Director, Metalla Royalty & Streaming All the right conditions are in place for gold to continue climbing, and one analyst is doubling down on his $1,500 an ounce call by year end. E.B. Tucker, director of Metalla Royalty and Streaming, said all the pieces are in place for a rally, which will come soon and fast."The thing I want you to think about is what happe...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average ended lower for the second straight session Wednesday as optimism over a near-term trade deal with China faded. Tesla (TSLA - Get Report) shares declined after founder and CEO Elon Musk suggested the carmaker could have a record quarter of deliveries but said that profitability was hard f...Read More
A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday June 12.Please click...Read More
The lead market in the United States is set to tighten due to the impact of Nyrstar declaring force majeure on lead supply contracts from its Port Pirie smelter in Australia, although US lead premiums are steady for now.In Shanghai, zinc premiums continued to fall due to low demand. European zinc premiums remained moribund despite mass cancellation of special high grade zinc ingots from local LME...Read More
Zinc's three-month price on the London Metal Exchange stayed above $2,500 per tonne at the close of trading on Wednesday June 12, with the moderate volumes traded indicating continued buying interest despite the cash/three-month spread being in a sizeable backwardation.The galvanizing metal showed a little more than 8,000 lots exchanged by the close, with total volumes valued at around $100 millio...Read More
Bob Moriarty ArchivesJun 12, 2019It’s no secret that copper is both in severe shortage with increasing demand at the same time production is declining. A new Canadian based junior exploration company has an interesting direction they are moving in. Rockridge Resources (ROCK-V) wants to use modern advanced technology to test old mining camps in safe jurisdictions.Their latest drill results fr...Read More
Weekly Reports |Jun 12 2019The uranium spot price has posted its first weekly increase in almost two months.-Buyers Emerge-Uranium market remains fractured-Finland gets ambitiousBy Greg PeelAfter a long, steady decline in the spot uranium price in 2019 on section 232 uncertainty, buyers finally emerged from the woodwork last week in the form of both utilities and investors. While US utilities cont...Read More
Chilean state-owned copper producer Codelco significantly improved its rate of production during April, with copper output falling by just 6.4% compared with the same month of last year, data from the country's copper commission, Cochilco, showed on Monday June 10.Codelco produced 129,700 tonnes of copper in April, compared with 138,600 tonnes in the same month a year earlier. In March, the compan...Read More
Base metals appeared to benefit from the special bond issuance announcement from China's Ministry of Finance, Marex Spectron's Dee Perera noted, saying it impacted the ferrous market and nickel and zinc in particular.Iron ore 62% fines rose 5.7% to US$106.05 per tonne according to MySteel.BHP (ASX: BHP) was up more than 2.7% in Australian trade this afternoon.Australian gold miners were also havin...Read More
Vancouver, BC - IsoEnergy Ltd. (TSX-V: ISO | OTCQX: ISENF) is pleased to announce that it has filed a National Instrument 43-101 Technical Report (the "Report") on its 100% owned Larocque East property (the "Property"), home to the Hurricane uranium zone. The Hurricane zone is a new discovery of high-grade uranium mineralization located in the prolific eastern Athabasca Basin, Saskatchewan....Read More
An overview of the minor metals markets and the reasons for any price moves.Read More
By: Stewart Thomson, Graceland Updates 1. A lot of Americans getting a myriad of government entitlements thought that President Trump would recreate the 1950s for them. 2. If Trump had eliminated the PIT (personal income tax), capital gains tax, and corporate income tax, I've estimated that around $100 trillion in capital would have surged into America.3. That w...Read More
Although there are a dozen good reasons why the bull market should flame out, like, tomorrow, there's nothing in the long-term charts to suggest this is likely. A friend and fellow permabear sent me an Elliott Wave theorist's prediction that the sensational run-up begun more than ten years ago could continue for another three or four years. This is based on a five-wave Elliott pattern that is cu...Read More
I am getting bullish on euro and pound. I also expect more losses for the US dollar index and gains for Asian currencies against the US dollar. A currency war can be unleashed by Trump anytime. Trump believes that nations will use currency depreciation to offset higher tariffs. The Federal Reserve will take direct and indirect measures to ensure the competitiveness of the US dollar. This implies...Read More
Key data from the Wednesday June 12 pricing session in Europe.Key drivers- The European ferro-titanium price fell for the third consecutive week after six weeks of stability. - Demand has quietened after an initial bout of short-covering from mid-April when major European producer FE Mottram announced a production stoppage after a fire damaged its plant in the...Read More
Key data from the Wednesday June 12 pricing session in Europe.Key drivers- The European ferro-titanium price fell for the third consecutive week after six weeks of stability. - Demand has quietened after an initial bout of short-covering from mid-April when major European producer FE Mottram announced a production stoppage after a fire damaged its plant in the...Read More
Turkish steel mills booked more cargoes as they looked to take advantage of falling prices, sources said on Wednesday June 12.A steel mill in the Iskenderun region booked a Canada-origin cargo, comprising 10,000 tonnes of shredded or HMS 1&2 (95:5), 8,000 tonnes of rail and 12,000 tonnes of plate and structural (P&S) at an average price of $305...Read More
* GRAPHIC-2019 asset returns: (Updates with closing prices)By Eric OnstadLONDON, June 12 (Reuters) - Copper slipped on Wednesdayafter weak data from the economy of top metals consumer China,but other industrial metals prices edged higher on hopes formore stimulus.China reported the worst-ever monthly sales drop in theworld's largest vehicle market, while factory inflation slowedin May as faltering...Read More
Risk sentiment was borderline negative on the morning of Wednesday June 12 after the possibility of US President Donald Trump and China's Xi Jinping meeting later this month at the Group of Twenty (G20) Summit in Japan was dubbed extremely unlikely.Trump threatened more tariffs on Chinese imports if there is not enough progress on trade negotiations with China or if the meeting with President Xi d...Read More