Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:admin@guswinger.comFeb 26, 2019The biggest driver of major markets right now is the possibility of a US-China trade deal.On that note, please click here now.The US government’s wild launch of tariff taxes caused global markets to swoon in the first half of 2018.Gold and the Chinese stock market were hu...Read More
The process to resume full production at Hydro's Alunorte alumina refinery in Brazil has hit a further setback, after an accident with an iron ore tailings dam at a mine from Vale prompted a round of inspections throughout the country, sources told Fastmarkets. Market participants do not expect the Brazilian refinery to resume normal operations anytime soon. Traders and producers initially expecte...Read More
The majority of the decline was booked in the December quarter and followed weakening commodity prices in the second half of the year. "Commodity assets under management fell by $40 billion in the fourth quarter of the year, although investors only withdrew $6.1 billion during this period," Barclays stated. This investor resilience was a feature of the full 12 months, with commodit...Read More
Montr?(C)al, QC - Siyata Mobile Inc. (TSX-V:SIM | OTCQX: SYATF) (the "Company" or "Siyata") announces that it will be demonstrating the UV350 at the International Wireless Communication Expo (IWCE) in Las Vegas March 6th and 7th at the Uniden Cellular booth #648.Additionally, a global Land Mobile Radio (LMR) and leading Push-To-Talk (PTT) software provider will highlight the innovative in-...Read More
Chinese ferro-vanadium exporters continued to raise their offer levels last week after prices were bolstered by strength in the country's domestic market, while the European ferro-vanadium market tumbled amid sluggish spot activity. Chinese exporters increase offers following domestic market strength European FeV market softens on weak spot demand European V2O5 flat amid limited trading activity...Read More
1. The biggest driver of major markets right now is the possibility of a US-China trade deal.2. On that note, please click here now. The US government's wild launch of tariff taxes caused global markets to swoon in the first half of 2018. Gold and the Chinese stock market were hurt more than a lot of other markets.3. Gold has done well with QE, QT, falling rates, and rising...Read More
The recent plunge in Heinz-Kraft shares reminds us that even Warren Buffett can make a mistake. A couple of years ago, it might have seemed as though the Sage's portfolio was impervious to downturns, given its heavy focus on the basics: food chain, railroads and insurance companies. As it happens, his bet on such time-tested brands as Oscar Mayer, Jell-o, Kraft Singles, Kool Whip and Cheez-Whiz...Read More
The correction in industrial metals was a case of "buy the rumour and sell the fact". The rumour was a trade deal between USA-China. Now that the trade deal is more or less a done deal, there was profit booking. There can be more corrections in industrial metals and thereafter a period of consolidation. The next big move will be next week around the release of various US jobs numbers. Once detai...Read More
In contrast to the clear skies outside, a cloud hung over discussions among Indian scrap traders attending the opening session of the annual conference of the Material Recycling Association of India (MRAI) earlier this month in Kochi, southern India.Secretary-general Amar Singh praised the superior air quality in the host city, compared with the metropolises of New Delhi and Mumbai. But delegates...Read More
Equinox Gold (CVE: EQX) has attracted a $130m investment from Abu Dhabi's state-owned Mubadala Investment Co. in the form of convertible notes.The notes are for five years with a 5% interest rate convertible at $1.05 per share, a 25% premium to the 10-day volume weighted average Equinox share price. Mubadala will be granted a seat on Equinox's board and standard anti-dilution rights.Equinox plans...Read More
Gold prices settled lower on Monday, pressured as a broad rally in global stocks on the back of progress in U.S.-China trade negotiations drew investor interest away from the precious metal. Gold has seen "a little profit-taking from the past few weeks along with a continued appetite for additional equity risk in the broader U.S. market," said Jeff Wright, executive vice president of GoldMining In...Read More
Turkish steel producers continued holding back from the deep-sea scrap markets on Tuesday February 26 because of the weak demand for their finished steel products in the country's domestic and export markets.The steel producers in the country went quiet at the end of last week after booking a Baltic Sea cargo, which sent prices down by $20 per tonne week on week."Turkish producers are not in very...Read More
The Lalor polymetallic mine near Snow Lake, Manitoba. Source: HudBay Minerals Inc.HudBay Minerals Inc. [HBM-TSX, NYSE] on Tuesday February 26 announced the discovery of a new higher-grade zinc-gold deposit located strategically near the company's operating Lalor Mine 13 km west of Snow Lake, Manitoba.While exploration is still in the early stages, the new discovery has the potential to extend th...Read More
* Available LME copper stocks at lowest since July 2005 * Dollar hits three-week low, underpins copper (Recasts, adds closing prices)By Maytaal AngelLONDON, Feb 26 (Reuters) - Copper steadied on Tuesday as aweak dollar and dwindlingstocks lent support, with investorsalso still cheering signs of progress in U.S.-China trade talks.The latest London Metal Exchange data showed that available,or "...Read More
From Tuesday February 26, Fastmarkets will update the normalization coefficients of the Turkey and Rotterdam ferrous scrap indices once per month instead of once per quarter. The indices to which this proposed change relates are the HMS 1&2 (80:20), Northern Europe-origin material, cfr Turkey index; the HMS 1&2 (80:20), USA-origin material, cfr Turkey index; and the HMS 1&2 (80:20), Nort...Read More
U.S. stocks came off earlier highs but still closed higher Monday after President Donald Trump tweeted that he would delay additional China tariffs, and that there had been "substantial progress" in trade talks over the weekend. How did stock indexes fare? The Dow Jones Industrial Average DJIA, -0.13% rose 60.14 points, or 0.2%, to 26,091.95. The S&P 500 index SPX, -0.08% gained 3.44 points, o...Read More
Eagle Gold Mine construction underway in the Yukon. Source: Victoria Gold Corp.Victoria Gold Corp. [VIT-TSXV] needs another $25 million to complete construction at the Eagle gold mine project in the Canadian Yukon. The Eagle Mine is part of the larger Dublin Gulch Project and is expected to rank as the largest hard rock gold mine in the Yukon's history.Victoria Gold shares fell 1.96% or $0.01 to 5...Read More
Clayton Valley, Nevada Lithium ClaystoneCypress Development Corp. [TSX-V: CYP, OTCQB: CYDVF, Frankfurt: C1Z1] ("Cypress" or the "Company") is pleased to report the completion of the first phase of metallurgical testing in the prefeasibility study (PFS) on the Company's 100% held Clayton Valley Lithium Project in Nevada. The testing was successful in confirming the range of parameters used in the...Read More
OTTAWA - Today Greg Rickford, Minister of Energy, Northern Development and Mines stood before the federal Senate Standing Committee on the Government of Canada's proposed Bill C-69, which overhauls the Federal Environmental Assessment Act and politicizes the approval process for resource development and energy projects.Speaking on behalf of the workers affected by the Bill, Minister Rickford expre...Read More
* FTSE 100 down 0.5 pct * FTSE 250 up 0.1 pct * Ocado surges on JV talks with M&S * Metro Bank slumps after cash call * Fresnillo falls after profit slump * Travis Perkins jumps after results (Changes analyst comment, updates to closing prices)By Shashwat Awasthi and Muvija MFeb 26 (Reuters) - Britain's FTSE 100 fell on Tuesday asminer Fresnillo slumped after poor results and the sterlingralli...Read More