Metals Focus has released Precious Metals Investment Focus 2019/2020, its flagship annual report on investment in gold, silver, platinum and palladium. The report features comprehensive historical statistics and a forecast for 2019/2020. The following outlines the publication's key findings.Global economic and geopolitical backdrop will turn increasingly favourable to precious metals prices in 202...Read More
Haywood Securities mining analysts expect a positive backdrop for precious metals and related equities to remain. They name their six favourite gold stocks, as published in the award-winning advisory Investor's Digest of Canada.Since the all-time high of US$1,921 per ounce in September 2011, gold has had three meaningful rallies before the current price wave, none of which was able to break out ab...Read More
The continued unpredictability of trade relations between China and the United States has made long-term planning harder for businesses, including mining companies.But what would happen to the mining sector if the trade wars were to end overnight?According to the heads of the world's largest miners, the impact would be smaller than one might expect.For starters, there would not be a sudden rush to...Read More
The three-month tin price on the London Metal Exchange was higher at the close of trading on Thursday October 24, climbing by more than 1% amid low turnover while nickel futures maintained upward momentum over the afternoon.Tin's outright price on the LME closed at $16,775 per tonne on Thursday, a climb of 1.2% on the day with just 241 lots of metal exchanged. This was among the metal's lowest tra...Read More
The global economy has been transfixed by the China-United States trade war that came to the fore in the second quarter of 2018. When the trade war started, market participants hoped that an agreement would be reached by the time of the US mid-term elections in November 2018. But that date came and went without a deal. Fastmarkets then said there was a race against time before either a trade deal...Read More
Copper climbed more than 1% on the London Metal Exchange as copper mines in Chile were impacted by workers joining anti-government protests. Zinc-focused Callinex Mines (TSXV: CNX) jumped 38.4% or C20c to 72c on announcing it had started its 2019 Bathurst drilling campaign in New Brunswick at the Nash Creek and Superjack projects, where it's hoping to show "district-scale potential" and enhan...Read More
"We got what we paid for," CEO Graham Kerr said at the meeting in Perth, Western Australia, suggesting a "slightly promotional" zinc-lead-silver resource put on the main Taylor project by the previousRead More
Montr?(C)al, QC - Siyata Mobile Inc. (TSX-V:SIM | OTCQX: SYATF) (the "Company" or "Siyata") is pleased to announce it has launched the Company's flagship Push-to-Talk LTE Uniden (R) UV350 in-vehicle device that is integrated with Nova Talk, a leading enterprise PoC solution for instant communication.The UV350 provides its enterprise customers with the first ever dedicated in-vehicle Push-to-...Read More
"Gold's resilience is partially a reflection of the diverse drivers of demand which underpin the wider investment case for gold, alongside its ability to outperform under periods of market stress thatRead More
- RambusKeeping an open mind when it comes to trading the markets is paramount. If one gets locked into one scenario and refuses to acknowledge any other possibility you will eventually find yourself on the wrong side of the trade. Even though I have a ton of bullish charts for the PM complex I also have just as many charts which show possible negative price action.This last chart for tonight...Read More
- Avi GilburtThis market has been difficult for both the longs and the shorts for months now. While it has been unwilling to break down, it has also been equally unwilling to break out.What makes me scratch my head even more of late is that the Fed has come to the table with its "not-really-QE-4" of $60 billion a month. For those that remember, QE1 was approximately $100 billion a month on ave...Read More
By: Ira EpsteinGold continues of the path of trying to breaking down, $1475 area support on weekly chart. Gold in sideways market and difficult to read at times..Read More
Gold is not rising on higher chances that a US-China trade deal will be done next week. Federal Reserve is expected to cut interest rates next week. Brexit will also be on focus. Rest there are no new factors. A US-China trade deal can result in a short term correction in gold and silver. However I will prefer to use sharp dips to invest in gold and silver. To all my readers, I have been a hardc...Read More
Trafigura has offered Nyrstar minority shareholders ?,?22.5 million ($25 million) for their remaining 2% stake in the zinc and lead smelting company.Trading house Trafigura, which owns 98% of Nyrstar, had previously offered ?,?22...Read More
Declining nickel prices on the London Metal Exchange put China's stainless steel market under pressure over the past week.The three-month nickel contract on the exchange ended Wednesday October 24's trading session at $16,420-16,425 per tonne, down $510-515 per tonne from a week earlier.The contract price is also $2,030-2,050 per tonne lower compared with September 2's five-year high of $18,450-18...Read More
Turkish steel producers have remained out of the deep-sea scrap import markets as most of them are fully booked for November shipment cargoes, sources said on Thursday October 24.Steel mills in Turkey have booked at least 16 cargoes, totaling 500,000 tonnes of scrap so far in October and went quiet at the end of last week."Most of the mills have booked sufficient deep-sea scrap for November shipme...Read More
This Sunday, 60 Minutes will run a piece about how the black market for cannabis continues to thrive in California, even with the plant being fully legalized for both medical and recreational purposes.Although California was expected to pull in mountains of cash through regulatory and permitting fees, as well as tax revenues, those mountains actually look more like mole hills.Bureaucrats in the Go...Read More
It's been a tough year for pot stocks.And if you follow the mainstream financial media, you'll be led to believe that pot stocks are officially dead and that you should just forget about them altogether.After all, those who bought pot stocks at the start of the year are likely down big time.Certainly I am.Of course, we have to put this in perspective.After all, this year's correction actually foll...Read More
Key data from the Wednesday October 23 pricing session in Shanghai. Key drivers Chinese cobalt metal price softens on slow spot activity, while tight supply of certain domestic brands has eased amid profit-taking.The cobalt tetroxide price in China was unchanged, though lower offers emerged after prices for downstream lithium cobalt oxide (LCO) battery materials...Read More