Toronto-based Mountain Province Diamonds has begun the winter exploration program at its 100% owned Kennady North project. The property is adjacent to the Gahcho Kue diamond mine, a joint venture of De Beers Canada (51%) and Mountain Province (49%).The winter program at Kennady North will focus on drilling several combined indicator and geophysical targets located west and southwest of the Hearne...Read More
Feb 27, 2019 Guest(s): Axel Merk The Fed Funds Rate is still below neutral, and investors can expect one or two more rate hikes this year, but this won't deter gold's slow march forward, said Axel Merk, president and CIO of Merk Investments. "The price of gold has been moving higher even if rates have been moving higher. And it's either the folks investing in gold are looking beyond the hump wh...Read More
Vancouver-based Blue Sky Uranium Corp. has announced positive results from the preliminary economic assessment of its Ivana uranium-vanadium deposit. The deposit is part of the company's Amarillo Grande project in the Rio Negro Province.The PEA calls for an open pit mine that will produce both uranium and vanadium for 13 years. The pre-production capex will be $128.1 million including $28.3 milli...Read More
QMC Quantum Minerals (TSXV: QMC; US-OTC: QMCQF) has visually identified spodumene in the first diamond holes it has drilled into its Irgon lithium project in the Cat Lake-Winnipeg River rare-element pegmatite field in southeast Manitoba.The company is currently amid phase one of a two phase drill program at Irgon, designed to confirm and expand the project's historical resource that Lithium Corpor...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average ended lower, while the Nasdaq gained after U.S. Trade Representative Robert Lighthizer told the House Ways and Means committee that "much remains to be done" before a trade deal is reached with China.Lowe's (LOW) posted stronger-than-expected fourth-quarter earnings but noted weakness in Canada's housing...Read More
The biggest driver of major markets right now is the possibility of a U.S.-China trade deal.On that note, please click here now. The U.S. 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.Gold has done well with QE, QT, falling rates, and rising rates, but tariff taxes...Read More
Arbitrage losses have put downward pressure on the Shanghai cif full-plate nickel premium, but the other Chinese nickel premiums were unchanged week on week, as were those in the United States and Europe. Chinese cif full-plate nickel premiums edged down on the basis of widened arbitrage losses European premiums remained flat across the board despite positive macroeconomic sentiment US briquettes...Read More
Lead's three-month price on the London Metal Exchange climbed at the close of trading on Wednesday February 27, finishing above its nearby $2,100 per tonne resistance level amid a continued draw on the LME's dwindling inventory.Total LME lead stocks were now at their lowest level in a decade, with the amount of deliverable material now down to just 61,125 tonnes. More than 40% of on-warrant materi...Read More
Zinc ingot premiums fell to their lowest levels in eight and a half years in Antwerp and Rotterdam on Tuesday February 26 due to market sellers offloading units in reaction to tightening London Metal Exchange future price spreads. European zinc premiums drop sharply Shanghai zinc market flat South and East Asia lead markets unchanged with little buying European zinc premiums drop to 8...Read More
Here are five Fastmarkets MB stories you might have missed on Wednesday February 27 that are worth another look.Following reports of a potential power shortage in one of China's major ferro-alloy production hubs in the second quarter of this year, market participants have downplayed any immediate impact on ferro-alloy prices in the country, saying they intend to adopt a wait-and-see stance in...Read More
Led by the team behind the development of the La Arena gold mine in Peru, Rio2 intends to use the proceeds at its Fenix gold project in Chile, which it acquired in July 2018 through its merger with Atacama Pacific Gold Corp.Rio2 had announced plans earlier this month to raise between $3-$5 million by issuing up to 10.9 million units at 46c but now plans to issue 15.2 million at the same price, say...Read More
The London Metal Exchange has received its first application ahead of its introduction of the Registered Intermediating Brokers (RIBs) membership category, according to a note to members on Wednesday February 27.Freight brokerage firm Simpson Spence & Young (SSY) confirmed to Fastmarkets that the firm's membership is now being considered by the LME and circulated to existing members for approval....Read More
Significant copper concentrate stocks from the Democratic Republic of Congo (DRC) are now sitting in bonded warehouses in Zambia, awaiting an unlikely roll-back of the import duty enforced by the Zambian government, Fastmarkets has learned. A 5% import duty has been applied on Zambian copper concentrates imports since the start of 2019, causing major smelters including Vedanta's KCM and Chinese-ow...Read More
An overview of the minor metals markets and the reasons for any price moves.Read More
Key data from the Wednesday February 27 pricing session in Europe.Key drivers - Persistent supply worries involving a major supplier prompted short-covering and is expected to propel prices higher in the weeks to come. Ferro-titanium producers and traders have been getting more buying interest from Europe and the United States. With one producer typically offering at least 350 tonnes per month to...Read More
Vancouver, BC - Peekaboo Beans Inc (CSE:BEAN | OTCQB:PBBSF) (the "Company" or "Peekaboo Beans") a children's apparel brand with a focus on environmentally responsible clothes that are intentionally designed to inspire play, today announced that the Company's Chief Executive Officer, Traci Costa, will present at the upcoming Gravitas Growth Conference, which is being held on February 28, 201...Read More
A weaker secondary aluminium market in Europe and a lack of domestic demand drove the UK secondary aluminium market down by 2.9% on Wednesday February 27. Fastmarkets assessed the price of LM24 pressure diecasting ingot on a delivered consumer works basis at ?1,380-1,440 ($1,839.18-1919.15) per tonne on Wednesday, with deals concluded toward the lower end of the range. This is the lowest pri...Read More
* LME copper stocks near 10-year lows * Zinc stocks at lowest since 2007 (Updates with closing prices)By Pratima DesaiLONDON, Feb 27 (Reuters) - Copper rose on Wednesday asexpectations of strong demand growth from top consumer Chinaboosted sentiment, but the rally was capped by strong technicalresistance at eight-month highs.Benchmark copper on the London Metal Exchange closedup 0.2 percent at $6,...Read More
By: Jordan Roy-Byrne CMT, MFTABack in 2013 I recall having a bearish view on the stock market due to extremely bullish sentiment readings. The market completely ignored that, made a major breakout through 13 year resistance and continued running for years.Lesson learned.Turning to Gold, we find something similar during major breakouts in 2005, 2007 and 2009. In the chart below we plot Gold alon...Read More
By: Ira EpsteinFed Powell was more of a political discussion and not financial.Lower dollar, yields falling. Gold's volatility falling, a market in no-man's land. Gold held $1,323.3 -- bulls won the day. Gold's seasonal chart running into resistance...Read More