Sienna Resources Inc. wishes to announce that the Company has joiRead full newsRead More
Although the past week saw gold and silver bullion trade with a negative bias, the trend remains positive on the intraday basis. Spot silver prices (XAG/USD) remained flat just above $23.30. The precious metal is off extremes; gains were capped at $23.50 on Thursday morning but the buyers came in ahead of $23.20. That marks two days now that silver has been unable to rally past $23.50. This conso...Read More
For the past six months my wife and I have been looking for a house to buy, and boy let me tell you, it's been rough.Every house we see feels overpriced. And yet they're being sold within a day or two of being listed. Our realtor regularly regales us with horror stories about bidding wars that result in buyers offering more than $10,000 over asking price and still losing.No doubt, it's a terrible...Read More
$13,717.34...That's how much money Elon Musk makes in five minutes.To put it in a deeper perspective, he's made $2,743.46 in the minute you took to read this.Must be nice, right?It would take the average worker about 17 weeks to earn as much, based on a new study by Gigacalculator. That assumes an average salary of $48,000.Those numbers will take another jump now that Tesla has been crowned into t...Read More
Nov 27, 2020 Guest(s): Alain Corbani Head of Commodities, Finance SA Gold has broken a critical support level, but there is not much downside left, said Alain Corbani, portfolio manager of Finance SA, who forecasts $2,500 an ounce for gold's upside target. The metal will be caught between conflicting macroeconomic forces next year: slightly higher negative real interest rates, but a weakening U....Read More
Nov 26, 2020 Guest(s): George Milling-Stanley Chief Gold Strategist, State Street Global Advisors Gold has historically been a good inflation hedge, rising as consumer prices climb. The issue now, is that inflation is likely to remain weak next year, said George Milling-Stanley, chief gold strategist at State Street Global Advisors. "I'm not seeing inflation until well into 2021," Milling-Stanle...Read More
Copper's three-month price was the star performer on Friday November 27, rising by nearly 4.5% from Monday's closing price, with most other base metals managing to set fresh year-to-date highs. Copper's 5pm closing price was $7,499.50 per tonne on Friday, rising by 1.3% day on day and up 4.48% from Monday's closing price of $7,117.50 per tonne.Earlier in the day it&nb...Read More
An overview of the new energy raw materials markets and their latest price moves.Susan Zou and Sally Zhang in Shanghai, Carrie Shi in Beijing, and...Read More
Fastmarkets' copper concentrates treatment charge/ refining charge (TC/RC) index fell to an all-time low since 2013 in the week to Friday November 27. Offers to smelters were maintained in the $40s with purchases reported in the high $40s for 2021 January shipment and the low $50s for slightly complex concentrates, which were excluded from the index calculation. Only hand-to-mouth purchases w...Read More
An overview of the new energy raw materials markets and their latest price moves.Susan Zou and Sally Zhang in Shanghai, Carrie Shi in Beijing, and...Read More
Bob Moriarty ArchivesNov 27, 2020Rover Metals is up from whenI wrote about them a month ago,going from $.055 to $.09 for a nice percentage move but not nearly as good as they should have done.Many years ago in the pre-historic days of the Internet Barbara and I were Macintosh Gurus. In 1994 or 1995 Apple came out with removable CPUs on a card. Of course PCs had had removable CPU chips since they w...Read More
Key data from the pricing sessions in Europe, Asia and the United States for the week ending Friday November 27. China Thin liquidity dominated seaborne low- and high-grade manganese ore markets with market participants waiting for miners' next offer prices. Portside manganese ore prices of both grades slid further amid lukewarm buying activity. In China's spot silico-manganese mar...Read More
An overview of the new energy raw materials markets and their latest price moves.Susan Zou and Sally Zhang in Shanghai, Carrie Shi in Beijing, and...Read More
The company entered into an agreement with Stifel GMP and Clarus Securities Inc to arrange the sale of 18.5 million units at $2.45 per unit.Read More
Fastmarkets' copper concentrates treatment charge/ refining charge (TC/RC) index fell to an all-time low since 2013 in the week to Friday November 27. Offers to smelters were maintained in the $40s with purchases reported in the high $40s for 2021 January shipment and the low $50s for slightly complex concentrates, which were excluded from the index calculation. Only hand-to-mouth purchases w...Read More
An overview of the specialty steel raw materials markets in Europe and their latest price moves.Cristina Belda and Declan Conway contributed to this...Read More
An overview of the new energy raw materials markets and their latest price moves.Susan Zou and Sally Zhang in Shanghai, Carrie Shi in Beijing, and...Read More
Adam HamiltonArchivesNov 27, 2020 The silver miners' stocks have been grinding lower on balance since early August in a healthy correction. This necessary rebalancing is achieving its mission of dampening enthusiasm, paving the way for this sector's next bull upleg. Rebounding from governments' COVID-19 lockdowns, operating and financial results improved dramatically in the recently-reported Q3. B...Read More
Global ferrous scrap prices continued on an upward trend due to supply tightness and strong demand by steelmakers in the week ended Friday November 27.Strong demand in Turkey to feed domestic, export marketsLimited transactions in US because of Thanksgiving holidayStrong demand in Vietnam on supply shortageContainer shortages in Taiwan support import pricesIndian prices move upward once more.Turke...Read More
Turkish steel mills continued their deep-sea scrap bookings for January shipment and prices continued to climb on Friday November 27, supported by strong demand in the country's finished steel markets.A steel mill in the Izmir region booked a Baltic Sea cargo, comprising 25,000 tonnes of HMS 1&2 (80:20) at $350.50 per tonne and 7,000 tonnes of bonus scrap at $360.50 per tonne cfr.And a steel...Read More