Bob Moriarty ArchivesMar 15, 2019In 1956 I was ten. We lived in a tiny house in Phoenix, Arizona. Grammar school was just down the road perhaps a mile away. The management of the school system in Phoenix didn’t have much imagination. The name of the school was Madison #2. At the time I think there were six elementary schools in Phoenix all named Madison.I was in the 4th grade. My teacher&rsq...Read More
Nyrstar NV shares were down by 12% on the morning of Friday March 15 after the company indicated that its continuing capital restructure will involve a debt-for-equity swap to bondholders."The economic effect for the shareholders of Nyrstar NV of the restructuring transaction would be a very substantial dilution," the world's second-largest zinc producer said in a note on the Euronext exchange thi...Read More
Adam HamiltonArchivesMar 15, 2019 The major gold miners are grinding higher in a solid upleg, fueling growing interest in this small contrarian sector. They've mostly finished reporting their fourth-quarter results, revealing how they are really faring fundamentally. Collectively the world's biggest gold miners continue to face serious challenges, which often stem from declining production. That m...Read More
Metals Ex revealed last month previous management had wildly overstated the recoveries at the Runruno gold mine in the Philippines. At the start of 2019, Darren Bowden came in as the new CEO, replacing Ian Holzberger.The company has remained in financial peril since the change. There is now US$44 million due at the end of March, although the company has asked lenders HSBC...Read More
Key data from the March 15 pricing session in London: Key drivers: Prices edge lower again in the second half of the week although the midweek drop to low the $14s deters some consumers from buying again, in anticipation of weaker prices. One so-far isolated sale at $13.20 per lb...Read More
Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 205,250126,43175,211192,029300,503472,490502,145 Change from Prior Reporting Period 2,62211,82115,48136,29730,77454,40058,076 Traders 19867845056283176 Small Speculators LongShortOpen Interest 57,54027,885530,030 4,31964358,719 non reportable positionsCha...Read More
The major gold miners are grinding higher in a solid upleg, fueling growing interest in this small contrarian sector. They've mostly finished reporting their fourth-quarter results, revealing how they are really faring fundamentally. Collectively the world's biggest gold miners continue to face serious challenges, which often stem from declining production. That makes stock picking more im...Read More
An overview of the minor metals markets and the reasons for any price moves.Read More
CEO Kenneth Lewis & Chris Waltzek Ph.D. - Download interview -- MP3 fileHighlightsLIMITED OFFER - FREE $5 IN ONEGOLD DIGITAL BLOCKCHAIN EXCLUSIVELY TO GOLDSEEK.COM PATRONS! (Remember to say Goldseek Radio sent you!)ONEGOLD Inc. holds physical gold and silver metals at the Royal Canadian Mint through our friends at APMEX and Sprott. CEO of APMEX and founder of ONEGOLD Inc., Kenneth Lewis return...Read More
Face it, this monster could veer wildly in either direction right now, and even an Einstein could not confidently predict which. My heart's desire is to see the S&Ps plunge into the molten pit of hell by summer. The 2313.00 target shown suggests that, at least from a technical standpoint, this is possible. Presumably, the years-overdue collapse would drive out the crooks who have rigged shares...Read More
Global scrap prices mostly trended upward during the working week from Monday March 11 to Friday March 15, with the exception of prices in Turkey, where lackluster sales of finished steel products limited buying activity during the week. Lackluster finished steel sales in Turkey limit scrap buying US export prices up on bulk sale to Turkey Northern Vietnam mills still hungry for scrap Mixed sentim...Read More
UK prices for alloy steel scrap moved up slightly over the past week despite higher costs for nickel, sources told Fastmarkets on Friday March 15.Fastmarkets' weekly price assessment for domestic UK 18/8 stainless steel scrap solids was ?840-880 ($1,113-1,266) per tonne delivered on March 15. This was up from ?830-870 per tonne delivered a week earlier, reflecting transactions heard in the...Read More
The Turkish steel mills continued to book deep-sea scrap at steady prices at the end of the current week but prices are likely to fall in the next bookings, sources said on Friday March 15.A steel mill in the Izmir region booked a European cargo, comprising 13,000 tonnes of HMS 1&2 (75:25) at $318 per tonne, 6,000 tonnes of bonus at $331 per tonne and 6,000 tonnes of busheling at $334 per tonne cf...Read More
The many automotive applications for rare earths. Source: Medallion Resources Ltd.Medallion Resources Ltd. [MDL-TSXV; MLLOF-OTCQX], a company that is pursuing the production of magnet metals, said Friday March 15 that it is raising $495,000 by way of a private placement financing. The news sparked active trading in the shares, sending them down 16.67% or $0.02 to 10 cents on volume of 3.7 million....Read More
Gold ore (with much native gold) in a quartz vein from the Privateers Mine on the west coast of Vancouver Island, British Columbia. Source: Troubadour Resources Inc.Troubadour Resources Inc. [TR-TSXV] shares rallied sharply Friday March 15 following a resumption of trading after the company announced that it has signed a letter of intent that gives it the option to acquire all the issued and outst...Read More
The copper market in the United States bounced back in trading on the morning of Friday March 15, with a softer dollar and positive data boosting the marketplace.The copper price for May settlement on the Comex division of the New York Mercantile Exchange rose by 1.95 cents to $2.9110 per lb."While we acknowledge that copper is at present facing macro/fundamentals headwinds, we think copper will s...Read More
Gold futures pulled back below the $1,300-an-ounce level on Thursday, giving up their highest levels of the month, as the U.S. dollar regained its footing and investors appeared to shrug off political turmoil in the U.K. surrounding the country's preparations for exiting from the European Union. Gold for April delivery GCJ9, +0.56% on Comex fell $14.20, or 1.1%, to settle at $1,295.10 an ounce....Read More
Construction Photos from the Buritic?? Project Source: Continental GoldContinental Gold Inc. [CNL-TSX; CGOF-OTCQX] on Friday March 15 announced details of a US$175 million financing package that will be used in part to fund the advancement of its Buritica Project in Colombia.Continental shares rallied on the news, jumping 15.4% or 40 cents to $3.00 on volume of 1.18 million shares. The shares trad...Read More
Three-month base metals prices on the London Metal Exchange were mixed this morning, Friday March 15, with copper, aluminium and nickel up by an average of 0.6%, while zinc, lead and tin were down by an average of 0.6%. Three-month copper was recently quoted at $6,449 per tonne, up by 1% compared with Thursday's close at $6,385 per tonne. Volume was significantly above average, with 19,661 lots tr...Read More
Key data from the March 15 pricing session in London: Key drivers: Prices edge lower again in the second half of the week although the midweek drop to low the $14s deters some consumers from buying again, in anticipation of weaker prices. One so-far isolated sale at $13.20 per lb...Read More