"It's not going to be a question of how you can run into resistance with silver...It's going to be how much physical is available."Andrew Maguire interviewed by Greg Hunter on USA WatchdogWorld renowned precious metals expert Andrew Maguire says watch silver for an extreme spike to the upside. Maguire says, "Silver is going to break out. I think $50 per ounce is a joke. I think it's going to be su...Read More
Stephanie Landsman| @stephlandsmanPublished 14 Hours AgoCNBC.com show chapters Before gold can challenge 2018's highs, Standard Chartered predicts prices will dip lower 3:49PM ET Tue, 19 March 2019 |01:17 Metals expert Suki Cooper sees gold prices hitting a speed bump before they can challenge last year's highs.Cooper, Standard Chartered's executive director of precious m...Read More
Currencies and metals didn't move much on Tuesday... What does currencies should we be looking to buy? Good Day… and a Wonderful Wednesday to you! Well, I told you yesterday that if things didn’t change in the “not much has happened or going on” scenario, that I would pack up and take a mini-vacation, in hopes that this all changes while I’m gon...Read More
Everyone's rushing into gaming these days, and that includes Facebook. At a cloud-focused Game Developers Conference (GDC), Alphabet ( GOOGL) , Amazon ( AMZN) and Microsoft ( MSFT) touted an array of gaming services powered by their respective cloud platforms. But other tech giants, including Facebook, are trying to boost their posture with the influential gaming set, as well. The no...Read More
Published 22 Hours AgoUpdated5 Hours AgoReuters Umit Bektas | ReutersPalladium hit an all-time high on Wednesday on concerns over tight supplies of the autocatalyst metal, while gold reversed course to rise after the U.S. Federal Reserve kept interest rates unchanged. Spot palladium rose 0.6 percent to $1,605.51 per ounce, having earlier touched a record high of $1,608.Palladium is extensively us...Read More
Gold prices have managed to achieve a rebound from the sub-$1,290 levels seen earlier this month to challenge $1,305 at the time of writing. What can be watched as a potential positive driver for Gold over the coming trading sessions is that risk-off sentiment appears to be creeping back into the markets, amid reports that China is pushing back against the United States in trade negotiations. The...Read More
Endeavour Mining Corp. of London has poured its first dor?(C) bar from its Ity carbon-in-leach project four months earlier than planned and well under its $412 million budget. The bar contains about 1,800 oz. of gold.The CIL plant is already running at its 4 million t/y capacity following the quick ramp up. Commercial production will probably be declared early in Q2 2019.Endeavour has launched an...Read More
Equinox Gold has boosted resources at its Aurizona gold mine in northeastern California and reserves and resources at its Mesquite gold mine in California. Since the end of 2017 the company has increased its reserves 470% to 5.5 million oz. gold.The company updated Aurizona's resource with 13,635 metres of infill and step out drilling on the western end of the Piaba deposit completed since July 20...Read More
Gold futures ended higher Tuesday, finishing above $1,300 an ounce for a third straight session, as traders looked to a two-day Federal Reserve meeting that's expected to see policy makers maintain a dovish stance. April gold GCJ9, +1.09% on Comex rose $5, or 0.4%, to settle at $1,306.50 an ounce-the highest finish for a most-active contract since the month-to-date high on March 13. May silver SIK...Read More
The European price of mesh-quality wire rod stayed flat on Wednesday March 20, with trading remaining subdued although the fundamental picture has improved.Fastmarkets' weekly domestic price assessment for mesh-quality wire rod for both Northern and Southern Europe stayed at ?,?535-550 ($607-624) per tonne delivered on Wednesday, after narrowing upward last week from $530-550 per tonne.Consumers.....Read More
Montreal-based Champion Iron has excellent results from its 9,350-metre drill program last fall on its Powderhorn property located in north-central Newfoundland, 40 km southwest of Springdale. The results come from both a copper-rich and a zinc-rich zone.Results from the copper zone include:Hole PH18-16: 0.89% copper, 1.1 g/t gold, 13.9 g/t silver and 0.09% zinc over 3.92 metres. The best intersec...Read More
Imperial Metals' (TSX:III) stock rocketed 62% last week over a two-day period on the news that Australia's Newcrest Mining (ASX:NCM) is taking a $1.1 billion stake in the company's Red Chris copper-gold mine - a price that has shocked investors and observers.The copper-gold mining company's stock shot from C$1.98 per share on March 8 to $3.20 per share on March 11. On Wednesday it was trading at $...Read More
Appetite for US material improved on increased demand from the US steel sector in the week to Tuesday March 19, while Chinese and European premiums traded flat in light of a closed import window and a dearth of demand from the European stainless steel sector respectively. US spot premiums for cut and briquette material narrowed upward. China's closed import window continues to preclude any p...Read More
Zinc prices climbed to $2,845 a tonne on Wednesday after data showed LME warehouses now hold little over 58,000 tonnes of the metal; less than two days' worth of global consumption.Inventories are down 55% this year and are on course to arrive at levels last seen in 1990. Zinc stocks peaked in 2012 at the height of the commodities boom, reaching 1.2 million tonnes.Inventories held by the Shanghai...Read More
Energy and resources open innovation platform Unearthed joined forces with Adelaide-based OZ Minerals to launch the Explorer Challenge, a competition that brings together data scientists, geoscientists and mining professionals to create machine learning-based mining solutions.Competitors who achieve the goal of predicting the next big mineral deposit in South Australia using real geoscientific dat...Read More
Australian copper junior Aeris Resources (ASX: AIS) revealed on Wednesday that it had offered miner and commodities trader Glencore (LON: GLEN) $575 million for its CSA copper operation.Aeris said negotiations to buy the mine were at a late stage, adding that the offer consisted of $525 million in cash, $50 million in the company's shares and a royalty payable to Glencore.Aeris Resources' outsized...Read More
Here are five Fastmarkets MB stories you might have missed on Wednesday March 20 that are worth another look.The Democratic Republic of the Congo, the world's top producer of cobalt and a key copper producer, has re-enacted an export ban on copper and cobalt concentrates, official documents obtained by Fastmarkets show.China's strict restrictions on scrap metal imports from the United States...Read More
Estimated global production of primary aluminium in February 2019 decreased by 9% month-on-month, according to figures published on the International Aluminium Institute (IAI) website on Wednesday March 20.An estimated 49 million tonnes of primary aluminium were produced in February this year, compared with the estimated 54 million tonnes produced in January.Output figures were depressed for almos...Read More
Australian copper junior Aeris Resources (ASX: AIS) revealed on Wednesday that it had offered miner and commodities trader Glencore (LON: GLEN) $575 million for its CSA copper operation.Aeris said negotiations to buy the mine were at a late stage, adding that the offer consisted of $525 million in cash, $50 million in the company's shares and a royalty payable to Glencore.Aeris Resources' outsized...Read More
• The prevalent USD selling bias continues to underpin for the third straight session. • Improving risk-sentiment seemed to keep a lid on any strong follow-through up-move. • Investors also seemed reluctant to place aggressive bets ahead of FOMC on Wednesday. Gold trimmed a part of the early gains to multi-day tops, albeit has m...Read More