Bob Moriarty ArchivesApr 24, 2020I’ve been pretty quiet about mining shares lately as I try to get a handle on what the real story is on the Coronavirus. That doesn’t mean the companies have been quiet and indeed they have not been. The Coronavirus story looks more and more like a scam on the part of big Pharma with each passing day so I will be doing more writing on it.Three of our ad...Read More
Montr?(C)al, QC - Siyata Mobile Inc. (TSX-V:SIM | OTCQX: SYATF) (the "Company" or "Siyata") reports that the Company will release its results on or before May 29th, 2020 and will host an investor conference call and CEO Q&A at such time to discuss the results.The Company remains an essential services business with sales and large scale trials for first responders, military and defense cont...Read More
Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort282,26332,69240,929116,808396,881440,000470,502Change from Prior Reporting Period -4,354-1,4247,591-31-3663,2065,801Traders19960705759287160 Small Speculators (C) GoldSeek.com LongShortOpen Interest 53,15822,656493,158 -13-2,6083,193 non reportable positionsChange from the pre...Read More
By: Gary SavageEquity markets are going to keep rallying, $ES / SP500 upside targets, see where our intermediate-top will be:Gary SavageRead More
By: Ira EpsteinYou need to take gold one step of a time. Gold $3,000 target.. Read More
A break of key technical resistances will result in another wave of rise in all metals and energies. Do not short crude oil. I expect crude oil prices to rise to $80 (nymex) next year once world gets over corona virus crisis. Crude oil producers and large speculators will more than make up for their current losses next year. Buy crude oil call options for August 2021 with a strike price of $70.0...Read More
Key data from the pricing sessions in Asia, Europe and the United States for the week ending Friday April 24.China The UG2 chrome ore market rose for a third consecutive week after buyers were willing to accept higher prices, with a number of concluded deals above and below the new index level The increased chrome ore prices have underpinned domestic ferro-chrome...Read More
New World's first drilling at the project was headlined by 5.5m grading 2.5% copper and 11.8% zinc, and 3.9m at 4.2% copper and 11.Read More
Fastmarkets' copper concentrate treatment and refining charge (TC/RC) index trended lower in the week ended Friday April 24, marking the third consecutive week of decline. The benchmark index fell to $54.9 per tonne / 5.49 cents per lb on Friday, from $58.6 per tonne/ 5.86 cents per lb a week ago. Limited tonnages were sold on the spot market during the week with bids and offers coming in at...Read More
Adam HamiltonArchivesApr 24, 2020 The gold miners' stocks surged to a major bull-market breakout this week! Powering decisively above their years-old secular resistance is a hugely-important technical event. It proves this gold-stock bull is alive and well, greatly improves sentiment, and puts this high-flying sector on countless more traders' radars. New bull highs fuel self-feeding bullish psych...Read More
March quarter production was 91,911 tonnes of copper, down 24% quarter-on-quarter, and 52,957t of zinc.Copper production was impacted by a 28% drop in output at Las Bambas in Peru to 73,319t due to operational challenges and community blockades which temporarily restricted inbound and outbound logistics.The site faced additional disruptions to mining and production activities due to maintenance re...Read More
Cadmium prices continue to move downward in the week ended Friday April 24, with the global market in paralysis because of sluggish demand from India, the main buyer worldwide.On March 25, a 21-day lockdown was imposed on India to combat the Covid-19 pandemic. This has since been extended until May 3, hitting economic activity, while trading and projects came to a halt and migrant workers returned...Read More
An overview of the minor metals markets and the reasons for their latest price moves.Read More
The price of containerized ferrous scrap imports into India inched lower this week while the market continues to grapple with the fallout of the lockdown period in the country, sources told Fastmarkets on Friday April 24.Fastmarkets calculated the steel scrap, shredded, index, import, cfr Nhava Sheva, India, at $269.13 per tonne on Friday, down from $272.50 per tonne a week earlier.Since lockdown...Read More
The price of alloy steel scrap in the UK and Europe increased this week with tight supply outweighing low demand, Fastmarkets heard on Friday April 24.Both supply and demand in the stainless steel scrap markets have decreased substantially because of the Covid-19 pandemic and the measures taken to combat it.Initially, there were fears of a collapse in the downstream stainless steel market, which.....Read More
The inter-merchant spot price for light iron scrap in the UK has been stable over the past week amid quiet trading activity, while tracking a similar trend in European export markets to Turkey and the Indian subcontinent, sources said on Friday April 24.Fastmarkets' weekly price assessment for steel scrap 5C, loose old light, domestic, delivered inter-merchant, was ?50-60 ($62-74) per tonne on Ap...Read More
Base metals prices were mixed this morning, Friday April 24, after markets had to absorb weak flash purchasing managers' index (PMI) data on Thursday, especially in the services sector where readings were 11.7 in the European Union and 27 in the United States, while manufacturing readings were also weak. Broader markets were for the most part weaker this morning with losses seen in Asian-Pacific a...Read More
Share this articleBarrick Gold Corp. says it will pursue all legal avenues to prevent what it's calling the "nationalization without due process" of its Porgera gold mine in Papua New Guinea.Barrick, the operator, and Zijin Mining Group of China each own 47.5 per cent of the open pit and underground gold mine.In a news release, Barrick says it applied for an extension of its special mining lease...Read More
Today is Thursday, April 23, 2020, and this is your daily gold market update. Let's look at the latest price of gold, value of the dollar, gold/silver ratio, Commitment of Traders data, and exchange-traded fund (ETF) prices to get a sense of how the yellow metal is faring today.Gold PriceThe price of one troy ounce of gold in U.S. dollars today is $1,735.65. It's up 0.18% from yesterday and up 36....Read More
Ubique Minerals (CSE: UBQ, OTCMKTS: GRNBF) is a zinc exploration company, focused on further exploring and developing their Daniel's Harbour zinc properties, strategically situated in Newfoundland, Canada. We learned from Dr. Gerald Harper, Director and CEO of Ubique Minerals, that Daniel's Harbor is a past-producing, very high-grade zinc mine that produced eight million tons of premium zinc conce...Read More