All-new highs are being hit and investors are chasing it by flooding money back into the market.But the simple reality cannot be denied: We already paid a hefty premium for this uptick when it was baked into stock prices, and chasing it further without much to base it on will backfire.We're coasting on short-term hope, buying the same lines that we did a year ago - or two - for why to double down....Read More
Nov 22, 2019 Guest(s): Rory Hall Publisher, The Daily Coin Serbia has just joined the ranks of other European central banks and bought nine tonnes of gold, and this could signal a looming economic crisis that the banks are preparing for, said Rory Hall, publisher of The Daily Coin. "If you look at the central banks and their buying, or their acquiring of all the gold, they're not acquiring all t...Read More
The mid-tier gold miners just reported their results for a phenomenal gold quarter. In Q3'19 this metal surged after its first bull-market breakout in years, driving much-higher prevailing prices. That should've led to soaring profits for these mid-tiers in the sweet spot for stock-price upside potential. Last quarter's results are the most important this sector has seen in a long time, a key fund...Read More
An overview of the battery raw materials markets and their latest price moves from the past week.Read More
Base metals prices on the London Metal Exchange consolidated at the close of trading on Friday November 22, with nickel futures notching a 1% rise over the day against sideways trading and moderate turnover generally. Nickel's outright price on the LME closed at $14,635 per tonne this afternoon, a climb of around 1% from Thursday's closing price of $14,505 per tonne, but an incline of just under 3...Read More
An overview of the battery raw materials markets and their latest price moves from the past week.Read More
Key data from the pricing sessions in Asia, Europe and the United States for the week ending Friday November 22. Japan and South Korea Imported high-carbon ferro-chrome prices in Japan and South Korea dropped by 0.7% and 1.4% respectively after lower offers emerged in a weak market. China UG2 chrome ore price held in China, with mainstream business...Read More
"We don't feel the equity markets are valuing our assets right now," Taseko president Stuart McDonald told Mining Journal.Read More
Harold, who will officially start in March 2020, comes into the top job as Poseidon looks to restart the Black Swan nickel mining operations north east of Kalgoorlie in 2020.Black Swan currently has an estimated 16,000t of contained nickel being targeted for mining and processing, with an investment decision pending and first production anticipated 6-9 months later.Capex and operating cost estimat...Read More
Vancouver, BC - good natured Products Inc. (TSX-V:GDNP) (the "Company" or "good naturedTM"), a North American leader in plant-based food packaging & products, today announced that Singular Research has initiated analyst coverage on the Company.A copy of the report can be obtained directly from Singular Research at research@singularresearch.com.The research coverage on good natured (R) is prepared...Read More
Japanese and Korean copper smelters are likely to follow the contract for 2020 treatment and refining charges (TC/RCs) settled by Jiangxi Copper and miner Freeport, with major Chinese smelters also likely to accept the number."The benchmark number is the benchmark number. We should respect it," a source at one of the biggest Asian smelters said.Freeport agreed an annual TC/RCs deal for 2020 with J...Read More
Adam HamiltonArchivesNov 22, 2019 The mid-tier gold miners just reported their results for a phenomenal gold quarter. In Q3'19 this metal surged after its first bull-market breakout in years, driving much-higher prevailing prices. That should've led to soaring profits for these mid-tiers in the sweet spot for stock-price upside potential. Last quarter's results are the most important this sector h...Read More
Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 337,29651,437109,736206,626525,721653,658686,894 Change from Prior Reporting Period 14,107-4,6862,250-3,44114,18612,91611,750 Traders 20355775458284171 Small Speculators LongShortOpen Interest 65,55332,317719,211 -2,168-1,00210,748 non reportable position...Read More
- David Smith, The Morgan ReportSince the Federal Reserve detached the dollar from the gold standard in 1971, the world's central bankers - with the Fed leading the charge, have flooded the world with fiat currency to the point of diminishing its purchasing power to shadow status.A common belief during the early decades of the former Soviet Union's rise after 1917 was that, according to Marxis...Read More
By: Avi GilburtMany people feel that the metals are too hard to trade. Personally, I view them as much easier to trade since they are a rather pure sentiment trade. And, they have acted almost perfectly within our expectations of late.On Friday, one of our members pointed out to me that the GLD fund has seen its largest withdrawal since late 2016. And, as we now know, that was right before t...Read More
Next week is a thanksgiving week. There will be a position squaring and rebuilding on two counts. (a) Gold, silver and copper comex December futures are expiring. (b) Traders will look to book some profit in their open positions. In my view, at the moment, there are more long positions than short positions in gold and silver. Later in the first week of December will be the usual various US jobs...Read More
An overview of the battery raw materials markets and their latest price moves from the past week.Read More
* Palladium on track for best week since mid-September * Euro zone business growth misses expectations * Gold testing resistance at $1,470/oz- analyst (Updates prices)By Karthika Suresh NamboothiriNov 22 (Reuters) - Gold prices were on track for a secondstraight weekly gain on Friday, as uncertainties about the fateof a "phase one" trade deal between the United States and Chinalingered.S...Read More
An overview of the minor metals markets and their latest price moves.Read More
UK alloy steel scrap prices remained largely unchanged over the past seven days following a significant drop last week, sources told Fastmarkets on Friday November 22.Fastmarkets' price assessment for stainless steel scrap 316 solids domestic, delivered merchants UK, was ?1,170-1,230 ($1,512-1,590) per tonne on November 22, compared with ?1,170-1,250 per tonne delivered a...Read More