"Canada's S&P/TSX Composite Index was at 17,028.96 last Friday, up 56.78 points on the day. It was at 16,877.42 the same time the week before. Here's a look at the top 5 gainers on the #TSX from last week. https://t.co/OkOeHtGZKI #diamond #gold #silver"Read full newsRead More
"Golden Predator Provides Clarification on News Announcing Commencement of Fast Track Feasibility Study at Brewery Creek Mine, Yukon https://t.co/ObHPk2MZW1 @GPY_3Aces #ResourceNews #Gold $GPY"Read full newsRead More
The first of 14 electrified Fords that will come to Europe by the end of 2020 has arrived with a 370-mile range on the top-spec version and a top speed of 111mph across the boardRead full newsRead More
Ariana has established a track record of successful gold production at KiziltepeRead full newsRead More
On Wednesday, Nick Hodge wrote a nice analysis of the U.S. economy, explaining why stocks are up despite a more general malaise in the broader economy.Indeed, as Nick noted, GDP growth slowed to 1.9% in the third quarter, manufacturing has weakened to its lowest level since 2009, wage growth is mediocre at best, and the Fed has resorted to slashing rates and buying up Treasuries in bulk.Or as he p...Read More
1. Top US politicians describe the US economy as the "mightiest of all time". 2. Please click here now. Houston, we have a problem! The next tariff tax deadline is now only about three weeks away. 3. While Trump's diehard fans may want him to hike these taxes again if China doesn't "play ball", massive FOREX liquidity flows suggest that the world's biggest money managers are...Read More
The three-month nickel price traded on the London Metal Exchange continues to languish below $15,000 per tonne at the close on Tuesday November 19 while fresh inflows continue to pressure nickel futures. LME nickel stocks have fallen by 60% in just over two months to 66,174 tonnes from 166,680 tonnes on September 12 but the LME three-month nickel price has been on a general downtrend over the same...Read More
The three-month nickel price on the London Metal Exchange continued its downtrend during morning trading on Tuesday November 19, with price action coming under downward pressure from fresh inflows. Nickel's outright price was recently at $14,575 per tonne, while just over 2,000 lots were exchanged as of 9:15am London time. The metal's underlying price has been falling since reaching a 2019-high of...Read More
While equity markets in the United States have pushed up to and are holding near record highs, the industrial metals are by comparison weak.This suggests global industry is still unsure about whether a post-trade war rebound is on the cards, or whether a trade deal will even emerge. Haven assets are back in demand while trade uncertainty dominates.London Metal Exchange three-month nickel price fal...Read More
Here are five Fastmarkets MB stories you might have missed on Tuesday November 19 that are worth another look.Flat-rolled steel sales volumes from Brazilian distributors rose by 18.3% year on year in October, outpacing purchases and leading to a decline in stocks, steel distributors' association Inda said on November 19.Next year will be a "transitional year" for the nickel market ahead of a shift...Read More
Bob Moriarty ArchivesNov 19, 2019As of November 18th, sentiment for The S&P futures and the Nasdaq Index is approaching nosebleed territory. The infusion of hundreds of billions of dollars on the Fed’s balance sheet since Mid-September has pumped the stock market higher in response. But no matter how big the balloon, if you keep puffing it up, sooner or later it is going to blow. The DSI...Read More
Chinese portside manganese ore prices rose for the first time since August on Friday November 15 after many ore traders held back from offering and those that did offer raised their prices in response to the concentration of inquiries, market sources told Fastmarkets. Fastmarkets' manganese ore port index, base 37% Mn, range 35-39%, fot Tianjin China climbed to 32.10 yuan ($4.57) per dry metr...Read More
Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:admin@guswinger.comNov 19, 2019Top US politicians describe the US economy as the “mightiest of all time”. Pleaseclick here now.Houston, we have a problem! The next tariff tax deadline is now only about three weeks away. While Trump’s diehard fans may want him to hike these taxes again if Ch...Read More
South Africa needs a 40% tax on exports of chrome ore while it grapples with rising electricity costs from Eskom and a subdued demand outlook, according to Afarak's chief operating officer, Danko Koncar. The price for ferro-chrome, high carbon 6-8.5% C, basis 60-70% Cr, max 1.5% Si, delivered Europe slumped to a ten-year low of $0.70-0.80 per lb in August this year, amid a surplus of material and...Read More
Strategic & Precious Metals Processing's (SPMP) antimony and gold processing facility in Sohar, Oman, has produced its first commercial grade 99.65% antimony metal and has met keen interest from potential buyers looking to diversify their supply sources, parent company Tri-Star Resources said on Tuesday November 19. The producer is now focused on achieving full-scale commercial production and is t...Read More
The FTSE100 closed higher in London and Australasian markets were mixed yesterday, as were market futures.IG market analyst Kyle Rodda noted there was growing confidence of a "smooth Brexit" in the UK and hopes for further economic stimulus after a move by the People's Bank of China to boost liquidity in the country's financial system, however the positivity was "washed out" by the pessimism.Meanw...Read More
The rail workers' union, Teamsters Canada Rail Conference, announced months of negotiations broke down with CN "unwilling to address safety issues".According to the union, CN currently requires members to operate trains alone from outside of the locomotive, hanging on to moving trains with one hand while operating a remotely controlled locomotive with the other. Railroaders are expected to do this...Read More
Turkish steel producers made no new deep-sea bookings on Tuesday November 19, as they paused to digest the latest upturn in prices, market sources said.A European cargo sent the daily scrap indices up by almost $5 per tonne at the start of the week, but mills were still worried about the limited demand for long steel products.A steel mill in the Iskenderun region booked the European cargo, which c...Read More
By: Ira EpsteinGold looking at $1,485 area as the next big test, possibly over the coming day(s). Coming from an oversold condition..Read More
While equity markets in the United States have pushed up to and are holding near record highs, the industrial metals are by comparison weak.This suggests global industry is still unsure about whether a post-trade war rebound is on the cards, or whether a trade deal will even emerge. Haven assets are back in demand while trade uncertainty dominates.London Metal Exchange three-month nickel price fal...Read More