Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:admin@guswinger.comJuly 9, 2019 While some gold stocks (the South Africans in particular) continue to rally, bullion and most miners are staging a classic pullback after a major upside breakout. Please click here now. Double-click to enlarge this important monthly gold chart.The bottom line:Breakouts are fu...Read More
Gold was worth about US$1,395 an ounce on the spot market earlier.Mining majors were among the biggest market risers on the FTSE100 in London yesterday, where Rio Tinto (LSE: RIO) and Glencore (LSE: GLEN) both rose about 1.7%.BHP (ASX: BHP) was up about 0.8% in lunchtime Australian trade, while Newmont Goldcorp (NYSE: NEM) had closed down 0.3% yesterday in New York.Barrick Gold (TSX: ABX) gained 0...Read More
Sinking product prices across the copper value chain are eroding processing margins for custom copper smelters, causing uncertainty as well as driving investments and consolidation in the industry. An unprecedented expansion of Chinese copper smelting capacity has triggered lower concentrate treatment and refining charges (TC/RCs), cathode premiums and sulfuric acid prices, all key sources of smel...Read More
The strategic partnership announced earlier this year between Venzee and Riversand continues to develop, positioning Venzee to be a major industry disruptor.Venzee announced today that Riversand has advanced its integration with Venzee's Mesh API. Currently, Riversand's integration features automated distribution of product content for clients, complete with two-way communication. Now that it has...Read More
Vancouver, Canada, Voleo Trading Systems Inc. (TRAD: TSX-V) ("Voleo", the "Company"), is pleased to share initial results in user acquisition since initiating Google's Digital Strategy program.Over the course of two weeks, Voleo has executed a series of campaigns using Universal App Campaigns which include Ad Mob, Google Play, Search, Google Display Network and YouTube. Google's use of algorit...Read More
Vancouver, BC - Peekaboo Beans Inc (CSE:BEAN | OTCQB:PBBSF) (the "Company" or "Peekaboo Beans") is pleased to announce Tamara Mimran, Merchandise Director of the acclaimed Mimran Group Inc., has been appointed to the Board of Directors of Peekaboo Beans.Together with her brother and father, Ms. Mimran manages over ten different licenses world-wide for the Alfred Sung brand. Tamara has also ove...Read More
Vancouver, BC - Venzee Technologies Inc. (TSX-V: VENZ) (the "Corporation" or "Venzee") a SaaS platform for the intelligent distribution of product information to thousands of retailer connections, is pleased to announce an advanced level of integration with Riversand, a cloud-native Master Data Management (MDM) and Product Information Management (PIM) provider.Earlier this year, Venzee and Riversa...Read More
Cannabis legalization across the United States continues to be a topic of much discussion in both the 2020 presidential and general elections. The climate for cannabis acceptance has grown massively, resulting in larger representation in both the Senate and House of Representatives.As it currently stands, roughly 98.6% of US citizens live in states permitting cannabis in some form. In other words,...Read More
Section 232 of the Trade Expansion Act of 1962 or commonly referred to as "s232" has been under investigation over the past 18 months. The DOC provided its recommendation to the White House in April of this year and a final decision will be made by President Trump by July 13, 2019.To give some background, in January 2018, a Section 232 Petition was filed by Energy Fuels and Ur Energy. The two US-b...Read More
Tharisa increased its chrome concentrate production by 8.2% in the three months to June 30 from the previous quarter, the South African miner said. Chrome concentrate production reached 334,000 tonnes, up from 308,700 tonnes in the previous quarter but down from 376,300 tonnes in the second quarter of 2018. The miner secured an average...Read More
VANCOUVER, CANADA, Voleo Trading Systems Inc. (TRAD: TSX-V) ("Voleo", the "Company"), is pleased to announce the appointment of Ms. Morgen Sullivan as VP Growth and Mr. Chitman Uppal as VP Compliance and Operations.Ms. Sullivan joins the Voleo team with an extensive legal background in developing strategies to progress company initiatives and advanced leadership with cross-functional teams. Ove...Read More
VANCOUVER, CANADA, Voleo Trading Systems Inc. (TRAD: TSX-V) ("Voleo", the "Company"), is pleased to announce the Company will participate in Google's Digital Strategy program to scale and accelerate user acquisition and growth on Voleo's social trading application.The Google Digital Strategy Program is an initiative that aims to optimize selected start-up companies' marketing spend by expanding...Read More
VANCOUVER, CANADA, Voleo Trading Systems Inc. (TRAD: TSX-V) ("Voleo", the "Company"), is pleased to announce the Company is participating in the 2019 Fidelity National Information Services ("FIS") Fintech Accelerator Program. As one of ten selected start-up companies taking part in the 12-week on-site mentorship program at The Venture Center, Voleo is benefitting from in-depth business suppor...Read More
By: Ira EpsteinThis week is focused on 2-day testimony by Fed Chairman Powell. We will get his views on interest rates. Gold market still in an uptrend, but nearing 18-DMA at $1386.70Read More
There is now a very small section of traders and investors who believe that interest rates may not be cut in end July FOMC meet. Federal Reserve chairman's testimony will clarify on the interest rate cycle. In my view interest rates will be cut this month by 0.25% or something lower as a token and thereafter it can be long pause. Incoming US economic data releases will also determine the interes...Read More
Fastmarkets has made changes to the specification of its cobalt hydroxide payable indicator - namely, to widen the payment window. Following a one-month consultation period that ended on Friday July 5, Fastmarkets has amended the payment window to include trades agreed on the basis of the following month's average metal price (M+1). Previously, the payment window only included trades agreed on the...Read More
Turkish mills have resumed their deep-sea scrap purchases for August shipments after a short break in negotiations, sources said on Tuesday July 9.A steel mill in the Iskenderun region booked a UK cargo, comprising 25,000 tonnes of HMS 1&2 (80:20) at $288 per tonne cfr.This compared with the most recent deep-sea cargo sold at $298.50 per tonne cfr for HMS 1&2 (80:20) from the Baltic Sea region on...Read More
Market fundamentals are unlikely to support the recent rise in ferrous scrap prices, the International Rebar Producers & Exporters Association (Irepas) said in its latest short-range outlook this week.Fastmarkets' daily scrap index for Northern Europe-origin HMS 1&2 (80:20) imported into Turkey rose to $296.41 per tonne cfr on Monday July 8, up from $292.09 per tonne cfr&...Read More
India's Ministry of Steel is seeking stakeholder feedback by July 14 on a draft steel scrap policy that aims to reduce the country's reliance on imports by establishing a network of recycling centers to collect and process ferrous scrap. The policy framework aims to provide standard guidelines for collection, dismantling and shredding activities in an organized, safe and environmentally sound mann...Read More
Base metals prices were generally lower in the early trading hours of Tuesday July 9, amid concerns over the prolonged US-China trade dispute, geopolitical tensions in the Middle East, the continued sell-off in major equity indices and persistently weak economic data. Market expectations of a more substantial 50 basis points rate cut by the US Federal Reserve Bank in its upcoming Federal Open Mark...Read More