Global aluminium premiums were little changed this week, with good support from steady market conditions, but premiums in South Korea moved higher due to low levels of inventory. European traders happy to hold metalSouth Korean premiums move up on tight inventoryImport uptrend and domestic discounts in BrazilUS premiums steady. Contango still supporting European premiumsLondon Metal Exchange price...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
By: Dave KranzlerI don't know if it was the intent of the Fed, but Jerome Powell has managed to trigger a rush into stocks more frenzied than the one that engulfed the last days of the dot.com/techbubble. The vertical ascent since Christmas in the Dow/SPX is unprecedented on a percentage basis over an 8-week period of time. All sense of logic, sound analysis and fear of risk has disappeared. I d...Read More
Dear Friend of GATA and Gold:Financial letter writer Mark Hulbert never offers a good word about gold, which is fine, but then never offers a relevant one either. This practice has turned him into a mere propagandist.In his essay today at MarketWatch, headlined "Why Gold Won't Save Your Portfolio from Inflation's Bite" --https://www.marketwatch.com/story/why-gold-wont-save-your-portfolio-from......Read More
In my last article, "The Bears Have it Right: Economy went Polar Opposite of Bullish Predictions," I laid out my first prediction for 2019 a recession by summer. I don't want the following revelations and facts that I have since come across to get lost in comments I recently posted to that article, so I'm bringing them all together here.How bad was 2018?The Wall Street Journal just said it wa...Read More
Gold Resource Corporation (NYSE American: GORO) (the "Company") updated its annual reserve estimates as of December 31, 2018, increasing its proven and probable reserve tonnes at both its Oaxaca Mining Unit and Nevada Mining Unit by a combined total of 18% gold ounces and 14% silver ounces. Gold Resource Corporation is a gold and silver producer, developer and explorer with operations in Oa...Read More
By: IRA EPSTEINGold Price action consolidating in narrowing ranges. 18 day average is key (~1322.70$)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
A summary of base metals premiums from across the globe for the week to Tuesday February 26.Please click...Read More
Base metals prices on the London Metal Exchange were mostly higher at the close of trading on Tuesday February 26, with positive trade rhetoric in US-China trade talks lending support to commodity investment, while US Federal Reserve chair Jerome Powell signaled slower but strong US economic growth. Copper's three-month price continues to hold ground near the $6,500-per-tonne level against a backd...Read More
Progress on the U.S.-China trade front is worrisome to gold investors.Yet despite the loss of safety demand, gold still has plenty going for it.Increased demand from China, emerging markets will pick up the slack.Now that the March 1 trade tariff deadline on Chinese goods has been extended, investors can finally breathe a sigh of relief. More importantly for gold, however, the trade deadline exten...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
Here are five Fastmarkets MB stories you might have missed on Tuesday February 26 that are worth another look.Lithium producer share price weakness is a reflection of the supply response that started in 2018, head of base metals and battery materials research William Adams said. While the supply side is weighing on sentiment, the demand side of the equation remains extremely bullish - and inc...Read More
Teranga finishes 2018 with record production and $112 million EBITDA.Wahgnion construction is on time and budget and commercial production could start earlier than planned.Golden Hill initial resource tops one million ounces of gold.The first quarter of 2019 should be the strongest quarter of the year, which could provide a boost for the share price once results are released. Source Introduction...Read More
During the fourth quarter of 2018, Alamos Gold generated revenues of $163.1 million. Revenues were up 0.9% from the same quarter a year ago and up 11.2% sequentially.The company intends to purchase for cancellation up to 25,513,043 common shares, representing 10% of the Company's public float. AGI bought already bought 2.4 million shares at $4.07.Furthermore, the company is doubling the dividend t...Read More
There are many fallacies about the gold market that are constantly perpetuated.Gold is not a "safe haven" asset from stock market volatility.Expectations for 2020 is quite strong.I don't know folks. I do a lot of reading in the gold complex, and I am just sitting here scratching my head. Something just does not seem to be right. When the gold market began to rally back in the fall, it co...Read More
Following the publication of modest 2018 results, when gold production barely reached the lower end of a guidance range of 35,000 to 40,000 ounces, Fiore Gold (TSXV: F) reported that its Pan mine in Nevada is expected to perform better in 2019.This week, the company issued a press release revealing that the open-pit operation located near the town of Eureka produced 9,765 ounces of gold in the fir...Read More
Barrick wants to buy Newmont. Trump wants a deal with China. Palladium wants to fly into space. And what does gold want? Will Barrick and Newmont Create Gold Monster? Do you remember our January 24, 2019 edition of the Gold News Monitor? We analyzed in that report the historic transaction in the bullion industry, i.e. the Newmont Mining's purchase of Goldcorp, which will create the worl...Read More
Lithium producer share price weakness is a reflection of the supply response that started in 2018, head of base metals and battery materials research William Adams said.Lithium producers' share prices have generally been under pressure since late 2017. In the chart below, producers' share prices are up 15% on average from their 52-week low price. We see this as a reflection of the supply response...Read More