Key data from the pricing sessions in Asia and Europe in the week to Friday February 21. China Key drivers Some antimony suppliers lifted their offer prices again and were resistant to compromising on offers last week, citing limited available cargo, according to market sources. A number of producers and traders held off from offering in anticipation of higher prices in the coming week...Read More
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ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as soon as it’s published.SubscribeRead More
The price of UG2 chrome ore dropped in the week to Friday February 21 due to lower bids from alloy smelters after China's major stainless steel mills kept their February tender prices flat month on month. China's Tsingshan Group and Taiyuan Iron and Steel (Tisco) held their ferro-chrome tender prices for February delivery unchanged from January. The latest tender prices came as a shock to the mark...Read More
QUESTION: Hi MartyI hear what you are saying about the next gen and Gold vs BTC. To me it begs the question as to how the Next Gen’s look at crypto’s. Is there an argument that they like BTC etc because it is anonymous [mostly] and not part of the ‘system’. If that is the case, what will they think when Govs adopt sovereign crypto’s and outlaw BTC. Will they then loo...Read More
QUESTION: My reading of the gold was that for the slingshot up to dramatic new highs it needed the fakeout bear trap just below the 1000 mark. Since it took out your 1,362.50 number and the yearly bullish reversal at the end of 2019, does that mean the slingshot is now dead? Do you think the shift to millennials and how they rush into Bernie’s arms means that gold is losing its luster for...Read More
PRIVATE BLOG - Gold for Monday 2/24/20Private blog posts are exclusively available to Socrates subscribers. To sign-up for Socrates or to learn more, please visit Ask-Socrates.com.https://ask-socrates.com/Read More
Chinese rebar remained the most competitively priced of imports of the long steel product in Singapore over the past week, edging out Turkish products.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar) import, cfr Singapore - which mainly looks at cargoes sold into Singapore on a theoretical-weight basis - was $430-435 per tonne for the week to Monday February 24, unchanged fro...Read More
Teck Resources (TSX: TECK.B; NYSE:TCK) has officially withdrawn its application to build the C$20.6-billion (US$15.7 billion) Frontier oil sands mine, just days before the Canadian government was slated to make a decision on the 260,000-barrel-per-day project in northern Alberta.Canada's largest diversified miner will take a C$1.13-billion (US$852.12 million) write-down on the project, which it sa...Read More
When gold and gold stocks struggle in coming weeks, as I expect they will, it won't be because the COVID-19 threat has decreased. Instead, they will have been sabotaged by the excess bullishness that currently prevails among gold-market investors. This isn't to say a lessening of the virus' threat wouldn't also cause gold to recede from its recent seven-year high. But my argument is that gold will...Read More
Gold futures climbed Thursday, sending bullion up for a sixth straight session to its highest finish in seven years,as persistent worries about China's coronavirus and a benign interest-rate environment provide a runway higher for the precious metal. "Coronavirus fears magnetized investors towards safe-haven assets," said Lukman Otunuga, senior research analyst at FXTM. "With the virus outbreak f...Read More
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India has clarified the nature of a gold discovery in Uttar Pradesh, after a gov...Read full newsRead More
India has clarified the nature of a gold discovery in Uttar Pradesh, after a gov...Read full newsRead More
NEW YORK, Feb.24, 2020(GLOBE NEWSWIRE) -- RYAH Medtech Inc. ("RYAH"), announced today that it is preparing for the launch of a patented,...Read full newsRead More
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"Ariana Resources (#AAU) announces quarterly ops update for Kiziltepe.Gross income for the year is $45.1 million from production of 27,985oz of gold, exceeding its full year production guidance by 12%https://t.co/YUxonJouFK"Read full newsRead More
Tough times don’t last; tough people do. It’s a cliché, but it is a true cliché. Certain sectors are seeing a slowdown across the world. Factor in the threats of Coronavirus, and it looks like we are in for a scary situation for the next couple of months, at least. During times like these, it is best to avoid stocks and sectors that are not doing so well right now, such a...Read More
1. The US stock market is in "sleigh ride" mode against gold stocks.2. Please click here now. Double-click to enlarge this chart. Yesterday was another day of disappointment, fear, and outright terror... for most investors who are locked in the Dow versus GDX sled.3. The disintegration of the US stock market against GDX began long before Corona started, and it will likely continu...Read More
Gold prices have been rallying for the last more than six months amid volatile broader markets. Its continued rally will benefit gold miner stocks for two main reasons. Their direct correlation with the yellow metal prices and improved earnings due to realized gold prices. We will take a closer look at two top miner stocks, Kirkland Lake Gold (TSX:KL)(NYSE:KL) and Kinross Gold (TSX:K)(NYSE:KGC).So...Read More