Nov 25, 2019 Guest(s): Phillip Streible Senior Market Strategist, RJO Futures While the Federal Reserve seems to hold a neutral view of the economy in the medium-term, prominent investors like Ray Dalio, as well as central banks, are stockpiling safe haven and hedge assets to prepare for what they believe is a coming economic downturn, this according to Phil Streible, senior market strategist of...Read More

The three-month copper price on the London Metal Exchange was marginally higher at the close of trading on Monday November 25, but prices failed to breach nearby resistance on moderately low turnover, while lead futures made the biggest losses over the day.Copper's outright price closed at $5,868 per tonne in the afternoon, despite reaching an intraday high of $5,917 per tonne, while turnover was...Read More

Zinc stocks at Shanghai Futures Exchange-approved warehouses recorded the largest drop in percentage terms in the week ended Friday November 22.Deliverable SHFE zinc stocks declined by 7,411 tonnes - or 13% - week on week to 49,710 tonnes on Friday, with warehouses operated by Ningbo Nine Dragons wharf in Zhejiang registering...Read More

Jack ChanPosted Nov 25, 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 remains high despite the recent pullback.Speculation is at a reasonable level to resu...Read More

The three-month aluminium price on the London Metal Exchange consolidated during morning trading on Monday November 25, while a fresh inflow of 50,950 tonnes did little to move the metal's stagnant price.Aluminium's outright price was recently seen at $1,738 per tonne, a dollar shy of Friday's closing price of $1,739 per tonne, while just over 1,500 lots were exchanged as of 9:05am London time.&nb...Read More

Here are five Fastmarkets MB stories you might have missed on Monday November 25 that are worth another look.Brazilian rebar suppliers ArcelorMittal and Gerdau have announced a price hike of up to 12% for January orders, Fastmarkets understands.Seaborne manganese ore prices for both grades rose by more than 1% in the week ended Friday November 22 after sentiment improved in response to r...Read More

The three key US market indices closed at further record highs yesterday -  the fourth closing record for the Dow, S&P 500 and Nasdaq in the past seven sessions, Reuters noted.Mergers and acquisitions were making news, from Kirkland Lake's bid for Detour Gold, Newmont Goldcorp selling Red Lake to ASX-listed Evolution Mining and in the luxury space, jewellery company Tiffany & Co agree...Read More

The Saskatoon, Saskatchewan-based company said it had notified employees the operation would shutter on December 2. CEO Chuck Magro had some terse words for the Canadian Class I railway.Read More

Chinese markets for chrome ore and alloy were stable week on week on Friday November 22 in the run up to announcements for December ferro-chrome tender prices. Ore and alloy prices flat in China ahead of new tender price announcement  Alloy prices weaken in Japan, South Korea  European price range narrows, with market participants reporting continued poor demand  US spot market sta...Read More

Vancouver, BC - Select Sands Corp. (TSX-V:SNS | OTCQX: SLSDF) (the "Company") has entered into a negotiated arrangement, whereby it has terminated its option to purchase a 223-acre tract of land in Independence county, Arkansas. As part of the termination arrangement, the parties also agreed to release Select Sands America Corp. from its obligations under a promissory note originally securin...Read More

Kunming Rongke New Materials has won the entirety of the bismuth stock held by the collapsed Fanya Metal Exchange in an auction that ended on Saturday November 23, according to the official auction results posted on the Alibaba judicial online platform.Kunming Rongke won the 19,228.05 tonnes of bismuth with a bid of 606.07 million yuan ($86.09 million). The winning bid, which was also the starting...Read More

Key data from the pricing sessions in London and Shanghai in the week ended Friday November 22. Europe Key drivers  Prices for both grades of silicon continued to gain support with producers still reluctant to make any concessions on their offer prices in a bid to extend the rally until the end of the year.  Even though during the market was less active last week than in the previous two...Read More

Turkish steel producers made no deep-sea scrap purchases on the first working day of the week, but are still expected to buy more cargoes for December delivery, sources told Fastmarkets on Monday November 25.Mills booked four deep-sea cargoes last week at steady prices. The latest bookings were from the Baltic Sea region and sold at $260 per tonne and $261 per tonne cfr for HMS 1&2 (80:20)."I thin...Read More

Another wave of optimism regarding United States-China trade talks has boosted broader markets and weakened havens, but the base metals have not taken much notice.Asian equities stronger led by a 1.3% rise in the Hang Seng.Base metalsThree-month base metals prices on the London Metal Exchange were mixed this morning, Monday November 25. Nickel was the main mover with a 0.7% fall to $14,540 per ton...Read More

The leader of the Chilean mining association Consejo Minero has claimed that he has seen no evidence that the unrest that has wracked Chile since October may reduce investment into the country's important mining sector, which accounts for around of a third of global lithium supplies. The organization's executive president Joaqu?-n Villarino told influential Chilean radio show, PAUTA y Bloomberg, a...Read More

The two most important days in your life are the day you are born and the day you find out why.- Mark TwainThe sixth of seven children, he was born into poverty and baptized by the muddy brown waters of the Mississippi River in Missouri.Dropping out of school in the fifth grade, he worked as a typesetter, then as a river boat pilot, then a gold miner, journalist, lecturer, inventor, and publisher,...Read More

Foran Mining Corporation (TSX.V: FOM) is a copper-zinc exploration and development company with flagship McIlvenna Bay project, located within the Hanson Lake District, 65 kilometres from Flin Flon, Manitoba. It is part of the world class Flin Flon Greenstone belt and the largest undeveloped VMS deposit in the region. We learned from Patrick Soares, President and CEO of Foran Mining, that they hav...Read More

Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. The Index barreled into last week on a 3-week, 5.2% winning streak after achieving a new 52-week high. Last week, the Index went on carve out a fresh closing high at 1160.23 before pulling back to end the week at 1156.24, down 2.47 points.RSI retreated 6.72 points or 9.1% to 73.28 though...Read More

Northern European mills have been offering and trading hot-rolled coil at lower prices in a bid to attract more orders, despite an anticipated price increase, sources told Fastmarkets on Monday November 25.Northern EuropeAlthough Northern European mills have been speculating about a rise in HRC offers of about ?,?30 per tonne, targeting ?,?450 ($496) per tonne ex-works, they have been offering and...Read More

Export prices for hot-rolled and cold-rolled coil, and heavy plate from the Commonwealth of Independent States have continued to increase over the past week, in line with increasing raw material prices, sources told Fastmarkets.Fastmarkets' price assessment for steel HRC, export, fob Black Sea, CIS, was $395-405 per tonne on Monday November 25, compared with $390-405 per tonne fob a week ago.Russi...Read More