Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:admin@guswinger.comNov 26, 2019With India’s titanic physical market now switching from a price discount to a premium, the door is open for the end of gold’s healthy and graceful price reaction.Pleaseclick here now.Double-click to enlarge this daily chart.A beautiful bull wedge pattern has formed....Read More
Here are five Fastmarkets MB stories you might have missed on Tuesday November 26 that are worth another look.The European Commission (EC) has started an investigation into hot-dipped galvanized (HDG) flat steel from China concerning a possible circumvention of anti-dumping measures, and will make such imports subject to registration.The word "weak" was one commonly used by attendees of last week'...Read More
"I fear [junior] mining companies will just not get funded," Julian Treger, CEO of London-listed mining royalty company Anglo Pacific Group, said.Read More
Montr?(C)al, QC - Siyata Mobile Inc. (TSX-V:SIM | OTCQX: SYATF) (the "Company" or "Siyata") is pleased to announce that it has received an additional purchase order from a leading taxi technology distributor for a minimum of $1.8M CDN. The customer will equip its taxis with the Company's innovative 4G/LTE CP250 in-vehicle smartphone, with potential to increase the order by an additional 50%....Read More
Fastmarkets invites market feedback on a consultation on a proposed increase in the frequency of its benchmark prices for cobalt standard grade and cobalt alloy grade, in-whs Rotterdam, to daily. This pricing notice was originally published on October 9 and republished on November 7. Feedback is invited until November 27. Fastmarkets currently assesses both prices on Wednesday and Friday each week...Read More
The company describes Prairie Creek as one of the highest-grade, undeveloped zinc deposits in the world, with an 8 million tonne reserve grading 23% zinc-equivalent.Read More
By: David Chapman, Chief Strategist, Enriched Investing Inc. "History is a collection of agreed upon lies." Voltaire, French philosopher, writer, historian, advocate of free speech; 1694-1778 "Experience is helpful, but it is judgement that matters." General Colin Powell, Chairman Joint Chiefs 1989-1993, Secretary of State 2001-2005; b. 1937 "I'm very big on having clarified principles. I don...Read More
By: Ira EpsteinGold being weighed on by the general markets. The 100-d.ma. at $1,400 area, $1,445 Bollinger band support area -- oversold market with supports a bit below. Gold is a whipsaw market..Read More
If gold and silver fall today, they will crash. Inverse correlation between gold and crude oil will be there. I will prefer to call the current softer prices in gold and silver as just a correction and not even a short term bearish trend. Trend on or after second week of December will be the key not just for bullion but for currencies as well. Central banks from Europe have started increasing th...Read More
Turkish steel mills remained quiet in the deep-sea scrap markets on Tuesday November 26 with prices unchanged, according to market sources.Mills booked four deep-sea cargoes last week at steady prices. The bookings from the Baltic Sea region sold at $260 per tonne and $261 per tonne cfr for HMS 1&2 (80:20) throughout the week ended Friday November 22.Mills are still expected to book a few more...Read More
Protests that began in Santiago in mid-October as a response to higher metro fares have since spread throughout Chile, leaving more than 20 people dead, according to the country's human rightsRead More
While Wall Street climbs to record highs on optimism for a United States-China trade deal and on merger and acquisition developments, the metals at best tread water, while some head lower.Asian equities mainly stronger led by a 0.83% rise in the Australian ASX 200 index.Gold and yen trending lower, but US government bond yields are weaker - so a mixed picture for the havens. Base metalsThree-month...Read More
(Adds detail, analyst comment, updates prices) * U.S. consumer confidence data due at 1500 GMT * Palladium touches highest in three weeks * GRAPHIC-2019 asset returns: By Eileen SorengNov 26 (Reuters) - Gold was steady on Tuesday as tradersawaited further developments in the trade negotiations betweenthe United States and China while a firm equities market keptbullion near a two-week low hit earli...Read More
Perseus Mining Limited (ASX/TSX: PRU) aims to become a 500,000-ounce-per-year gold producer, with three operating mines in West Africa. The Company has developed and brought to production two gold mines; the Edikan Gold Mine in Ghana, which has produced about 200,000 ounces of gold per year since 2012, and the Sissingu?(C) Gold Mine in C??te d'Ivoire, that commences production in January 2018. Per...Read More
There are three trends to buy into next year: fintech, 5G, and the IMO 2020 sulfur cap.Six years ago, on July 11, 2013, I wrote an article called "Three Cloud Stocks Set to Outperform the Market."The stocks I talked about were PANW, CSCO, and MU. If you owned those stocks for five years, you would have made 375%, 300%, and 103%. And CSCO, the 103% gainer, would have paid a fat dividend over that t...Read More
Domestic prices for hot-rolled coil have been recovering more slowly in Northern Europe than in the south of the region, sources told Fastmarkets on Tuesday November 26.Although some mills in the north of Europe have been offering material at relatively low prices of about ?,?415-425 per tonne ex-works, market sources believe that such prices will soon no longer be available.This is largely in lin...Read More
China's hot-rolled coil prices slid on Tuesday November 26, with buyers not in a rush to restock amid rising supply.DomesticEastern China (Shanghai): 3,700-3,720 yuan ($526-529) per tonne, down 10-20 yuan per tonneNorthern China (Tangshan): 3,640-3,660 yuan per tonne, down 10-30 yuan per tonneA Shanghai-based trader said trading overall thinned on Tuesday, with losses in the futures mark...Read More
Domestic prices for steel reinforcing bar in the United Arab Emirates increased over the past week due to strong demand, market sources said on Tuesday November 26.Further increases are expected due to global gains in production costs, market participants in the UAE said, adding that low stock levels in the country will spur more buying.Billet importsBillet was booked from Oman at about....Read More
Eastern China' rebar prices dropped slightly on Tuesday November 26, with participants telling Fastmarkets they expected prices to start trending downward on weakening winter demand.Eastern China (Shanghai): 4,080-4,110 yuan ($580-585) per tonne, down 10 yuan per tonneNorthern China (Beijing): 3,800-3,840 yuan per tonne, unchangedRebar futures decreased sharply over the day, pushing down east...Read More
European central banks are slowly preparing for plan B: gold.Deutsche Bundesbank [CC BY-NC-ND 2.0 (https://creativecommons.org/licenses/by-nc-nd/2.0/)]Written by Jan Nieuwenhuijs, formerly known as Koos Jansen.It was long believed in the gold space that Western central banks are against gold, but things have changed, for quite some years now. Instead of discouraging people from buying gold, or...Read More