In the last few years, both gold and TSX gold stocks have been on a major rally. The metal has gotten a lot of attention this year since the start of the coronavirus pandemic. However, the massive rally actually started back in 2019.The precious metal already had good momentum coming into 2020. And then on top of that, it’s been one of the industries that have seen a positive effect due...Read More
The TSX30 just had its first birthday. Last year saw the inaugural showcase for the top-performing TSX stocks in terms of share price. This year’s list was striking not for its differences but for its similarities. While the names got reshuffled, the themes were familiar. Let’s take a look at what made the list and how it compared with last year’s roundup of rocketing stocks.No b...Read More
Sep 22, 2020 Guest(s): Brooke Macdonald CEO, Cornerstone Capital Resources Cornerstone Capital Resources (CVE:CGP) said it is the founding partner of Cascabel, the only available tier-one copper-gold asset in the world not controlled by a major mining company. Kitco News spoke to Cornerstone's CEO, Brooke Macdonald, earlier this month. "The Cascabel concession contains probably the largest gol...Read More
Sep 22, 2020 Guest(s): David Rosenberg Chief Economist & Strategist, Rosenberg Research & Associates U.S. equity markets saw a sharp sell-off Monday and while volatility will remain high, one economist said that the bubble can continue to grow as the Federal Reserve continues to pump liquidity into financial markets. While gold will continue to play an important role in investor portfolios, Davi...Read More
Sure lots of talk and chatter about the "Green New Deals" lately. I guess it's those who within society want to do away with fossil fuels and power everything green. In the last few months you can tell by the stock prices of companies like Tesla that have gone through the roof that a lot of people are jumping onto the alternative energy bandwagon. Of course all these new alternatives still require...Read More
Here are five Fastmarkets stories you might have missed on Tuesday September 22 that are worth another look.Swiss stainless steelmaker Schmolz + Bickenbach has had its proposal to change the company name approved by shareholders, it said in a press release on Monday September 21.Read More
The London Metal Exchange's three-month prices for copper and nickel were once more trading in positive territory during the afternoon session on Tuesday September 22, retracing losses made on the previous day's slump in US equities values.Copper and nickel futures are both particularly sensitive to the macro-economic environment at present, with both metals' LME three-month prices falling on the...Read More
Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:admin@guswinger.comSep 22, 2020 As gold rallied into the $2000 round number resistance area, I asked investors to prepare for a pullback to my key buy zone at $1788. Please click here now.Double-click to enlarge this daily gold chart.The pullback has been quite orderly. There is modest support at $1875 and...Read More
Major aluminium producers operating in some of the countries most affected by Covid-19 took decisive actions early on to protect workers and maintain operations, top executives said during a panel at Fastmarkets International Aluminium Conference on Tuesday September 22.Top executives from Alcoa Corp, Aluminium Bahrain (Alba), Hindalco, Norsk Hydro and China Hongqiao participated in the panel, sha...Read More
An overview of the chrome ore and alloy markets and their latest price moves.China Buyers were willing to accept higher prices in dollar terms for UG2 chrome ore, due to the strengthening yuan. Sentiment remained positive for spot domestic ferro-chrome ahead of...Read More
Vancouver, BC - Summa Silver Corp ("Summa Silver" or the "Company") (CSE: SSVR, OTCQB: SSVRF, Frankfurt: 48X) is pleased to announce that its common shares have been approved for trading on the OTCQB Venture Market effective today. The Company's U.S. listing will trade under the symbol "SSVRF" while the Company's primary Canadian listing will continue to trade on the Canadian Securities Exc...Read More
Factors including an improving oil price and increased demand will support a recovery in the cif China bauxite price in the second half of this year but market participants should keep a close eye on the effect of a weakening domestic alumina price, Fastmarkets aluminium analyst Yang Cao said on Monday September 21. "In the first half of 2020, the price of Chinese imported bauxite was quite low as...Read More
The latest data for the global manganese ore market for the week ended September 21, 2020.Read More
Here are five Fastmarkets stories you might have missed on Tuesday September 22 that are worth another look.Swiss stainless steelmaker Schmolz + Bickenbach has had its proposal to change the company name approved by shareholders, it said in a press release on Monday September 21.Read More
Steel producers in Turkey extended their absence from the deep-sea scrap markets again amid weak finished steel demand, sources said on Tuesday September 22.The country's steel mills have been holding back from the deep-sea trade since September 9, when the most recent cargoes were booked at prices around $301 per tonne cfr on an HMS 1&2 (80:20) basis.Offer levels for similar material then rose to...Read More
Base metals prices on the London Metal Exchange have rebounded this morning, Tuesday September 22, after weakness in equities on Monday dragged them lower. At the time of our Morning View report on Monday, the LME metals were up by an average of 0.2%, but they ended the day down by an average of 1.6% after concerns escalated about second waves of Covid-19 spreading across Europe. But an across-the...Read More
It's the 182nd day of the COVID lockdown. My wife has bought everything Wayfair has to sell and we are doing even more projects.My first project was to restore a 1968 Folbot sailing kayak, which I wrote about in Energy and Capital back in March. It is looking Bristol, as the old salts say. This week we've been redoing the floor in the basement of our Maryland house, replacing some weathered c...Read More
Here are five Fastmarkets stories you might have missed on Tuesday September 22 that are worth another look.Swiss stainless steelmaker Schmolz + Bickenbach has had its proposal to change the company name approved by shareholders, it said in a press release on Monday September 21.Read More
The latest forecasts from Fastmarkets' team of analysts are ready to view.US flat-rolled prices began to recover in August, as we expected. The monthly average of our daily HRC index hit $473 per ton ($521/tonne), which was $3/t above our forecast.The upward momentum has since continued and has done so more quickly than we expected - sentiment has turned around dramatically on fundamental developm...Read More
Most import prices for flat steel in the United Arab Emirates and Saudi Arabia have remained stable over the past seven days, with demand still weak, sources told Fastmarkets on Tuesday September 22.Most market participants believed that prices would remain steady or perhaps decrease further in the next few days because of softening Chinese demand.Fastmarkets' daily steel hot-rolled coil index, ex...Read More