"Canadian Dividend All-Stars Expected To Announce Dividend Increases - Week Of Nov. 11. Read more: https://t.co/re4GNwH3YC #stocks #stockmarket #markets"Read full newsRead More
"Precious Metals Weekly Round-Up: The precious metals were down for the week, thanks to renewed hopes for an end to the ongoing trade war dispute between the US and China. Get the full round-up of this week at https://t.co/V3cUYCsNmV #preciousmetals #gold #tradewar #investing"Read full newsRead More
"VIDEO - Editors Pick November 4 to 8: Rick Rule's Best Gold Investing Tip, Drake's New Pot Deal.If you were busy this week and didn't have time to follow all major stories, now's the time to catch up. Watch the overview at https://t.co/zvj4MrJd1J #NOIC2019 #RickRule #Gold #Drake"Read full newsRead More
Nov 11, 2019 Guest(s): Peter Hug Global Trading Director, Kitco Metals From a macroeconomic perspective, several of the longer-term problems that would be bullish for gold will likely manifest in 2020, including a recession and an escalation of the trade wars tensions with China, this according to Peter Hug, global trading director of Kitco Metals. "From a physical perspective, if you're an inve...Read More
No one ever said stoners were punctual, but we really ought to hold politicians and investors to a higher standard.October 31 was the court-appointed deadline for Mexico to pass marijuana legislation, but the government missed it and the country's Supreme Court issued an extension.Mexico now has until April 30, 2020, to pass marijuana reform legislation.Hopefully, it won't take that long - and rea...Read More
The three-month nickel price on the London Metal Exchange continued to fall over the course of Monday November 11 to end the day's trading down by just under 4% against high turnover, while the rest of the complex similarly closed lower. The nickel futures price closed at $15,565 per tonne on Monday afternoon, its lowest 5pm closing price since August 7. Turnover in nickel was high over the day wi...Read More
Stagnant tin prices could be set to climb after a bridge collapsed on a key route to Alphamin Resources' Bisie tin mine in the Democratic Republic of the Congo, Central Africa.The Mauritius-based mining company confirmed this week that the Maiko Bridge at Lubutu - on a key route to the Bisie tin mine in the Walikale territory of DRC - collapsed on October 30, some 53 kilometers sout...Read More
Miner-smelter Nyrstar has begun the final stages of a planned restart to its Port Pirie lead smelter in Australia, with the first feed in its top submerged lance (TSL) furnace expected later this week, it said on Monday November 11. The smelter will be restarting 13 weeks after the company announced a "forced shutdown" on August 9 caused by an incident at the hearth in the primary smelter that req...Read More
There have been mixed messages in terms of economic outlooks.US president Donald Trump had said trade talks with China were moving along "very nicely", while data over the weekend showed Chinese factories were threatening to drag down prices around the world as producer prices dropped for a fourth month in October, Bloomberg reported.Meanwhile sales in Alibaba's Singles Day event in China today -...Read More
Jack ChanPosted Nov 11, 2019Gold sector as represented by $HUI is on a long-term BUY signal.Long-term signals can last for months and are more suitable for investors.Gold sector as represented by $HUI is on a short-term buy signal.Short-term signals can last for weeks and are more suitable for traders.Speculation dropped sharply this week and will show on next week’s data.Speculation dropped...Read More
Here are five Fastmarkets MB stories you might have missed on Monday November 11 that are worth another look.Chinese steelmaker Hebei Jingye Group has agreed to acquire British Steel, including its Scunthorpe steelworks and other assets, the UK government's Official Receiver and the company's administrator, EY, said on November 11.Chilean copper production grew by 1.2% year on year in September, a...Read More
Beowulf hopes to produce up to 250 million tonnes at Kallak, a magnetite iron ore deposit about 40km west of Kokkmokk municipality centre in Norrbotten county in northern Sweden.Read More
Chilean copper production grew by 1.2% year-on-year in September, as higher output from state-owned Codelco offset a drop from Escondida and Collahuasi, the country's copper commission, Cochilco, said on Thursday November 7.Total production reached 483,800 tonnes of copper content during September, up from 478,200 tonnes a year earlier.Output during the January-September period came to 4.24 millio...Read More
Key data from the pricing sessions in London and Shanghai in the week to Friday November 8. China Key drivers The Chinese domestic tungsten concentrate market has been under pressure since late October due to lukewarm demand from end users after customers retreated from the market. Concentrate suppliers cut their offer prices to encourage buying in the face of weak market confidence. The pr...Read More
Key data from the pricing sessions in Asia and Europe in the week to Friday November 8. China Key drivers The antimony, MMTA standard grade II, ddp China price fell for the first time since the end of August, which was just before the price started trending upward in response to the successful auction of stocks held by the defunct Fanya Metal Exchange in early September. Some supp...Read More
By: Avi GilburtWhile reading of the title of this article may cause you to make certain assumptions about what you are about to read, I can assure you that this is not a politically motivated article. In fact, politics has absolutely nothing to do with the analysis and conclusions presented herein.I want to start with the assumption that we have spoken about so often, and that it is social moo...Read More
Key data from the pricing sessions in Asia and Europe in the week to Friday November 8. China Key drivers Chinese silicon export market continued to gain upward momentum for the third consecutive week in response to supply tightness in the domestic market after southern Chinese refiners halted their operations due to a lack of cheap hydroelectric power during dry season which typically lasts...Read More
Gunmen attacked a convoy on Wednesday carrying mine workers from SEMAFO's Boungou gold mine in the Est region, killing 37 people and injuring a further 60.Read More
Turkish steel producers have booked more deep-sea cargoes for December delivery and prices have remained firm, sources told Fastmarkets on Monday November 11.Five deep-sea cargoes, totaling around 160,000 tonnes, were heard at the start of the week.A steel mill in northern Turkey booked a European cargo comprising 17,500 tonnes of HMS 1&2 (75:25) and 17,500 tonnes of bonus at an average price of $...Read More
Turkish domestic scrap prices have continued to climb over the past week under the influence of rising imported scrap values, sources said on Monday November 11.Fastmarkets' weekly price assessment for steel scrap, auto bundle scrap, domestic, delivered Turkey, was TRY1,455-1,560 ($252-270) per tonne on Monday, up from the TRY1,400-1,555 per tonne of last week.The steel producers and a major scrap...Read More